How much does a Fraud Analyst make?
Fraud analysts play a key role in protecting businesses and organizations from financial losses. They investigate suspicious activities and help prevent fraud. The average yearly salary for a fraud analyst is around $80,059. This salary can vary based on experience, location, and the specific industry.
Fraud analysts can earn different amounts depending on their level of experience. Entry-level analysts might start with salaries around $37,000. As they gain more experience, they can earn up to $180,000 per year. Some of the top-earning fraud analysts work in major financial hubs or for large corporations. Their skills in detecting and preventing fraud are highly valued in today's job market.
What are the highest paying cities for a Fraud Analyst?
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Seattle, WA
Average Salary: $125,067
In Seattle, professionals in this field work for tech giants like Amazon and Microsoft. They focus on protecting companies from financial losses due to fraud. The tech-savvy environment offers many opportunities for growth.
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San Francisco, CA
Average Salary: $115,372
San Francisco is home to many financial institutions. Here, experts analyze data to prevent fraud. Companies like PayPal and Square value their skills. The city's dynamic job market offers many chances for advancement.
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Dallas, TX
Average Salary: $113,140
Dallas has a strong focus on finance and technology. Professionals here work to safeguard businesses from fraudulent activities. Companies like AT&T and JPMorgan Chase need their expertise. The city offers a vibrant job market.
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San Antonio, TX
Average Salary: $105,330
In San Antonio, experts protect businesses from fraud. They work for companies like Valero Energy and H-E-B. The city's growing economy offers many opportunities for career growth.
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Charlotte, NC
Average Salary: $102,510
Charlotte is a financial hub. Professionals here analyze data to prevent fraud. They work for companies like Bank of America and Wells Fargo. The city offers a stable job market with many growth opportunities.
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Fargo, ND
Average Salary: $93,697
Fargo has a strong focus on finance. Professionals here protect businesses from fraud. They work for companies like Wells Fargo and Great Plains Laboratories. The city offers a stable job market with a growing economy.
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Chicago, IL
Average Salary: $91,918
Chicago is a major financial center. Professionals here work to prevent fraud. They work for companies like JPMorgan Chase and Allstate. The city offers a dynamic job market with many opportunities for growth.
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Minneapolis, MN
Average Salary: $91,532
Minneapolis has a strong focus on finance. Professionals here protect businesses from fraud. They work for companies like U.S. Bank and Target. The city offers a stable job market with many growth opportunities.
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Austin, TX
Average Salary: $87,618
Austin is a tech hub. Professionals here work to prevent fraud. They work for companies like Dell and Apple. The city offers a vibrant job market with many opportunities for career growth.
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Jacksonville, FL
Average Salary: $87,341
In Jacksonville, experts protect businesses from fraud. They work for companies like Fidelity National Financial and Jacksonville University. The city offers a stable job market with many opportunities for growth.
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What are the best companies a Fraud Analyst can work for?
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Intuit
Average Salary: $155,306
Intuit offers exciting opportunities for Fraud Analysts. They work in various locations, including Mountain View, California, and Tempe, Arizona. Intuit focuses on financial software and aims to empower people with tools to manage their finances.
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synchrony
Average Salary: $153,468
Synchrony provides Fraud Analyst roles with a competitive salary. They operate in locations such as Stamford, Connecticut, and Jacksonville, Florida. Synchrony specializes in financial services, offering credit cards and banking solutions.
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USAA
Average Salary: $136,581
USAA offers rewarding Fraud Analyst positions. They have offices in San Antonio, Texas, and Charlotte, North Carolina. USAA focuses on financial services for military members and their families.
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Citi
Average Salary: $102,071
Citi provides Fraud Analyst jobs with a solid salary. They operate in major cities like New York, New York, and London, UK. Citi is a global bank offering various financial services.
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Barclays
Average Salary: $96,350
Barclays offers Fraud Analyst roles with a competitive average salary. They have offices in New York, New York, and London, UK. Barclays provides banking and financial services worldwide.
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Bank of America
Average Salary: $92,727
Bank of America offers Fraud Analyst positions with a good salary. They operate in Charlotte, North Carolina, and many other locations. They provide a wide range of financial services.
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U.S. Bank
Average Salary: $87,054
U.S. Bank offers Fraud Analyst jobs with a solid salary. They have offices in Minneapolis, Minnesota, and Phoenix, Arizona. They provide banking and financial services across the country.
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PNC Financial Services Group
Average Salary: $62,794
PNC Financial Services Group offers Fraud Analyst roles with a good salary. They operate in Pittsburgh, Pennsylvania, and several other locations. They provide banking and financial services.
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TEKsystems
Average Salary: $62,643
TEKsystems offers Fraud Analyst positions with a competitive salary. They have offices in various locations, including Atlanta, Georgia. TEKsystems provides IT and financial services.
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Merchants Bank
Average Salary: $45,000
Merchants Bank offers Fraud Analyst roles with a reasonable salary. They operate in Indianapolis, Indiana. They provide banking and financial services to individuals and businesses.
How to earn more as a Fraud Analyst?
A Fraud Analyst plays a crucial role in protecting organizations from financial losses due to fraud. To earn more in this field, consider these key factors. Gaining experience and expertise can lead to higher pay. Specializing in areas like cybercrime or financial fraud can increase demand for your skills. Networking with other professionals can open up higher-paying job opportunities. Continuing education and certifications can also boost your earning potential. Seeking roles in high-demand industries or regions can lead to better compensation.
Fraud Analysts who take on leadership roles or move into management positions often see significant salary increases. These roles require additional responsibilities and skills, but they also offer higher pay. Staying updated with the latest fraud detection tools and techniques can make you more valuable to employers. This knowledge can lead to better job offers and promotions. Building a strong professional reputation can also help you command higher salaries. Employers often look for analysts with proven track records and positive references.
- Gaining experience and expertise
- Specializing in high-demand areas
- Networking with professionals
- Continuing education and certifications
- Taking on leadership roles
