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Careers›Roles›Fraud Analyst
Mid-Level

Fraud Analyst

Fraud cases and the analytical decisions on each anchor the role — pulling transaction data, scoring activity for risk, deciding whether to clear or escalate, documenting your reasoning. The pattern-recognition layer in financial-crime operations.

Career Level
Junior
Mid
Senior
Director
VP
Executive
Work Personality
C
E
I
R
S
A
Conventionalorganizing, detail-oriented
Enterprisingleading, persuading
Based on Holland Code framework
Industries that often hire Fraud Analysts
Financial Services · 32%Government · 26%Education · 6%Professional Services · 6%Healthcare · 6%Consumer Services · 4%
Job markets for Fraud Analysts
Where Fraud Analyst jobs concentrate · ~251 metro areas
Based on employment in related occupations
Mapped SOC categories:
Business Operations
BLS Occupational Employment Statistics
Jump to:What it's likeCareer pathsBy the numbers
What it's like

What it's like to be a Fraud Analyst

The case queue is the daily anchor — alerts surfaced by detection models, transactions flagged for review, customer reports, and the calls or documentation that accompany each. You're often in a case-management system with parallel windows for transaction history. Cases worked, false-positive rates, and decision accuracy anchor the visible measures.

Where it gets demanding is the volume-versus-precision pressure — every long case backs up the queue, but rushed cases miss real fraud or block legitimate customers. Variance across employers is sharp: at major banks fraud analysis runs in mature systems with deep training; at fintechs and e-commerce platforms the work is closer to product engineering with more model iteration.

Folks who do well here often read transaction patterns the way readers read paragraphs — the work rewards pattern memory and methodical investigation. The trade-off is alert fatigue and the regulatory exposure named individuals can carry. CFE credentials anchor advancement; the role often opens doors to fraud strategy or risk management.

What people in this role value
IndependenceAbove avg
AchievementAbove avg
Working ConditionsAbove avg
SupportModerate
RecognitionModerate
RelationshipsModerate
O*NET Work Values survey
✦ Editorial — written by Truest from industry research and career patterns

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Career Paths

Where this role sits in the broader career landscape — and where it can take you.

Earning potential across this track
$239K$179K$119K$60K$0KLower paying387 metro areas, sorted by salary level
All experience levels1
This level's estimated range
INDUSTRIES PAYING ABOVE AVERAGE
Technology & Information$101K+9%
Energy & Utilities$100K+8%
Professional Services$98K+6%
Financial Services$83K-11%
Government$76K-17%
Compared to Business Operations average across all industries
1 BLS OEWS May 2024 covers all Fraud Analysts (SOC 13-2099.04), not just this title · BEA RPP 2023
* Top salaries exceed this figure. BLS caps reported wages at ~$240K to protect individual privacy in high-earning roles.
Related rolesExplore Business Operations →
Fraud AnalystFraud InvestigatorForensic AccountantFinancial Crimes InvestigatorFinancial InvestigatorKYC Analyst (Know Your Customer Analyst)Fraud ExaminerFraud SpecialistFraud Data AnalystFraud Risk AnalystFraud Strategy AnalystCasino Gaming RegulatorFraud Detection AnalystFraud Operations ManagerFraud Prevention AnalystConfidential InvestigatorFraud Prevention SpecialistFraud and Waste InvestigatorAnti-Fraud Operations AnalystCertified Fraud Examiner (CFE)Financial Intelligence AnalystBSA Analyst (Bank Secrecy Act Analyst)AML Analyst (Anti-Money Laundering Analyst)BSA Consultant (Bank Secrecy Act Consultant)AML Consultant (Anti-Money Laundering Consultant)+1 more

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✦ Editorial — career progression and interview guidance based on industry patterns
The Broader Landscape

Roles like this one sit within a broader occupational category. The numbers below reflect that full landscape — helpful for context, but your specific experience will depend on level, specialty, and where you work.

$46K–$152K
Salary Range
10th – 90th percentile
127K
U.S. Employment
+3.1%
10yr Growth
10K
Annual Openings

How Fraud Analyst pay & employment are changing

$74K$71K$68K$65K$62K201920202021202220232024$62K$74K
BLS OEWS May 2024 · BLS Employment Projections 2024–2034

Skills & Requirements

WritingActive ListeningSpeakingComplex Problem SolvingReading ComprehensionCritical ThinkingJudgment and Decision MakingActive LearningCoordinationSocial Perceptiveness
O*NET OnLine · Bureau of Labor Statistics
Mapped SOC Codes
13-2099.04

Explore related roles

Roles with similar work and overlapping career paths

seniorSenior Fraud Analyst$80KmidFraud Investigator$66KmidForensic Accountant$81KseniorSenior Forensic Accountant$81KmidFinancial Crimes Investigator$88KmidFinancial Investigator$85K
View all Business Operations roles →

Common questions about what it's like to be a Fraud Analyst

What does a Fraud Analyst do?

Fraud cases and the analytical decisions on each anchor the role — pulling transaction data, scoring activity for risk, deciding whether to clear or escalate, documenting your reasoning. The pattern-recognition layer in financial-crime operations.

How much does a Fraud Analyst make?

Median pay for a Fraud Analyst is about $80K nationally, with the field ranging roughly from $46K to $152K depending on experience, employer, and metro (BLS).

What skills does a Fraud Analyst need?

Core skills for this role include Writing, Active Listening, Speaking, Complex Problem Solving, and Reading Comprehension.

What education do you need to be a Fraud Analyst?

Most people in this role hold a bachelor's degree.

Is a Fraud Analyst in demand?

Employment in this field is projected to grow about 3.1% through 2034, with roughly 127,450 people working in it today (BLS).

What jobs are similar to a Fraud Analyst?

Closely related roles include Senior Fraud Analyst, Fraud Investigator, and Forensic Accountant.

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Federal data: BLS Occupational Employment & Wage Statistics (May 2024) · BLS Employment Projections · O*NET OnLine
Truest editorial: Fit check, role profile, things that vary, advancement analysis, lateral moves, interview questions.

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