Fraud Examiners, Investigators and Analysts: Job Description
Obtain evidence, take statements, produce reports, and testify to findings regarding resolution of fraud allegations. May coordinate fraud detection and prevention activities.
Featured schools near , edit
What Tasks Do Fraud Examiners, Investigators and Analysts Take On?
The core tasks performed by fraud examiners, investigators and analysts cover:
- Gather financial documents related to investigations.
- Interview witnesses or suspects and take statements.
- Prepare written reports of investigation findings.
- Document all investigative activities.
- Create and maintain logs, records, or databases of information about fraudulent activity.
- Coordinate investigative efforts with law enforcement officers and attorneys.
- Lead, or participate in, fraud investigation teams.
- Testify in court regarding investigation findings.
Skills and Knowledge
Top fraud examiners, investigators and analysts combine a mix of skills and domain knowledge.
Key Skills
The abilities most central to this role, rated on an importance scale of 0 to 5:
Core Knowledge
Related Job Titles
This career also goes by job titles like:
- AML Analyst (Anti-Money Laundering Analyst)
- AML Consultant (Anti-Money Laundering Consultant)
- AML Investigator (Anti-Money Laundering Investigator)
- AML Operations Analyst (Anti-Money Laundering Operations Analyst)
- AML Specialist (Anti-Money Laundering Specialist)
- Anti-Fraud Operations Analyst
- BSA Analyst (Bank Secrecy Act Analyst)
- BSA Consultant (Bank Secrecy Act Consultant)
Job Outlook
There are about 476,833 fraud examiners, investigators and analysts working in the United States today. This occupation is expected to decline by -1.2% over the projection horizon.
Fraud Examiners, Investigators and Analysts Pay
| Statistic | Value |
|---|---|
| Annual median | $92,240 |
| Hourly median | $44.35 |
| 10th percentile | $55,407 |
| 25th percentile | $73,823 |
| 75th percentile | $110,656 |
| 90th percentile | $129,073 |
Compensation varies based on experience, location, and industry.
Pay by State
| State | Annual median salary |
|---|---|
| District of Columbia | $123,450 |
| New York | $122,510 |
| Maryland | $102,500 |
| New Jersey | $92,820 |
| Ohio | $90,170 |
| Rhode Island | $88,500 |
| Indiana | $87,760 |
| Colorado | $87,270 |
| West Virginia | $86,940 |
| Massachusetts | $85,950 |
| California | $85,850 |
| Virginia | $85,670 |
| Pennsylvania | $84,700 |
| Maine | $83,780 |
| Minnesota | $82,260 |
| North Carolina | $82,240 |
| Michigan | $81,470 |
| Illinois | $81,190 |
| Delaware | $79,590 |
| Oregon | $79,570 |
| Arizona | $78,910 |
| New Hampshire | $78,650 |
| Alabama | $78,370 |
| Connecticut | $78,000 |
| Utah | $77,940 |
| North Dakota | $77,380 |
| Hawaii | $76,740 |
| Iowa | $75,770 |
| Georgia | $75,760 |
| Missouri | $75,690 |
| Wyoming | $75,580 |
| Washington | $75,560 |
| New Mexico | $75,550 |
| South Carolina | $75,380 |
| Mississippi | $74,960 |
| Alaska | $74,510 |
| Oklahoma | $72,920 |
| Montana | $72,600 |
| Texas | $72,400 |
| Nevada | $71,480 |
| Vermont | $70,460 |
| Idaho | $68,920 |
| Nebraska | $66,580 |
| Tennessee | $65,960 |
| Wisconsin | $63,700 |
| Florida | $63,060 |
| Kentucky | $62,500 |
| Louisiana | $53,360 |
| Kansas | $50,660 |
| Arkansas | $46,380 |
| Puerto Rico | $38,480 |
Top-Paying U.S. Regions
Compensation for fraud examiners, investigators and analysts vary by region. Top regions by median wage:
| Region | Median annual wage | Share of U.S. jobs | Location quotient |
|---|---|---|---|
| Middle Atlantic | $103,528 | 19.1% | 1.87 |
| Rocky Mountains | $83,365 | 4.9% | 1.50 |
| New England | $83,287 | 4.5% | 0.98 |
| Far Western US | $83,064 | 16.5% | 1.02 |
| Great Lakes | $82,490 | 13.2% | 1.06 |
| Southwest | $73,062 | 11.6% | 0.99 |
| Plains States | $71,702 | 5.4% | 0.97 |
| Southeast | $71,533 | 24.1% | 1.18 |
Where the Jobs Cluster
| Metro area | State | Median annual wage | Employment |
|---|---|---|---|
| Lexington Park, MD | MD | $129,650 | 730 |
| San Jose-Sunnyvale-Santa Clara, CA | CA | $119,060 | 1,250 |
| St. George, UT | UT | $118,950 | 30 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | DC | $112,420 | 6,540 |
| New York-Newark-Jersey City, NY-NJ | NY | $108,970 | 8,690 |
| Dayton-Kettering-Beavercreek, OH | OH | $108,200 | 990 |
| San Francisco-Oakland-Fremont, CA | CA | $108,010 | 2,720 |
| Chambersburg, PA | PA | $105,810 | 40 |
Which Industries Hire Fraud Examiners, Investigators and Analysts
The largest employers of fraud examiners, investigators and analysts work in these industries:
| Industry | Employment | Median annual wage |
|---|---|---|
| Finance and Insurance | 40,340 | $78,030 |
| Management of Companies and Enterprises | 10,290 | $81,030 |
| Educational Services | 7,640 | $63,750 |
| Professional, Scientific, and Technical Services | 7,510 | $93,690 |
| Health Care and Social Assistance | 7,030 | $64,930 |
| Other Services (except Public Administration) | 5,080 | $52,770 |
| Administrative and Support and Waste Management and Remediation Services | 4,220 | $64,070 |
| Information | 2,700 | $82,900 |
Below are examples of industries where fraud examiners, investigators and analysts work:
Tools and Technology
- Data base user interface and query software: Microsoft Access (hot technology)
- Spreadsheet software: Microsoft Excel (hot technology)
- Office suite software: Microsoft Office software (hot technology)
- Electronic mail software: Microsoft Outlook (hot technology)
- Presentation software: Microsoft PowerPoint (hot technology)
- Document management software: Microsoft SharePoint (hot technology)
- Data base user interface and query software: Microsoft SQL Server (hot technology)
- Process mapping and design software: Microsoft Visio (hot technology)
- Word processing software: Microsoft Word (hot technology)
- Object or component oriented development software: Python (hot technology)
- Object or component oriented development software: R (hot technology)
- Analytical or scientific software: SAS (hot technology)
What the Workplace Is Like
Daily working conditions for fraud examiners, investigators and analysts reflects the following characteristics:
- Telephone Conversations
- Importance of Being Exact or Accurate
- Spend Time Sitting
- Work With or Contribute to a Work Group or Team
Getting Started in This Career
Entry-level fraud examiners, investigators and analysts positions require a bachelor’s degree as the typical entry-level education. This occupation sits in Considerable Preparation Needed (Job Zone 4), indicating the level of preparation typically expected.
Related Careers
Similar Occupations
- Security Managers (Supplemental)
- Compliance Managers (Primary-Short)
- Loss Prevention Managers (Supplemental)
- Claims Adjusters, Examiners, and Investigators (Primary-Long)
- Management Analysts (Supplemental)
- Security Management Specialists (Supplemental)
- Accountants and Auditors (Primary-Long)
- Financial Risk Specialists (Supplemental)
Where to Study
Future fraud examiners, investigators and analysts typically earn programs in:
Business, Management, Marketing, and Related Support Services
2 programs across 2 majors
About the Data
Data on this page comes from the following authoritative sources:
- U.S. Bureau of Labor Statistics — Occupational Employment and Wage Statistics (OEWS) for employment and wage data by state and industry.
- BLS Employment Projections for total employment and growth forecasts.
- O*NET (Occupational Information Network) for skills, knowledge, tasks, work activities, work context, technology, and education-zone data.
SOC code: 13-2099.04 (Financial Specialists, All Other).
BusinessDegreeCentral.com provides higher-education, college and university, degree, program, career, salary, and other helpful information to students, faculty, institutions, and other internet audiences. Presented information and data are subject to change. Inclusion on this website does not imply or represent a direct relationship with the company, school, or brand. Information, though believed correct at time of publication, may not be correct, and no warranty is provided. Contact the schools to verify any information before relying on it. Financial aid may be available for those who qualify. The displayed options may include sponsored or recommended results, not necessarily based on your preferences.
© BusinessDegreeCentral.com – All Rights Reserved.