Similar careers
Similarity is based on what people in the careers do, what they know, and what they are called. The process of establishing similarity lists is described in this white paper.
A Fraud Analyst is a professional who specializes in identifying and preventing fraudulent activities in financial transactions. They use a variety of analytical techniques and tools to detect, assess, and mitigate risks associated with fraud.
Education: Bachelor's degree
Years in related career: None
On-the-job training: None
Projected Growth: 6.1% (above average)
Annual job openings: 10,300
Direct AI exposure: 18% of tasks
Potential AI exposure: 86% of tasks
| According to the U.S. Bureau of Labor Statistics, average income (in USD) in 2025 was $81K per year. | ||||
|---|---|---|---|---|
| Bottom 10% | Bottom 25% | Median (average) | Top 25% | Top 10% |
| $48K per year | $61K per year | $81K per year | $110K per year | $151K per year |
| Compared to other careers: Median is $30K above the national average. | ||||
Fraud Analysts typically work in office environments within financial institutions like banks, credit card companies, or insurance companies. They may also be employed in sectors like retail and e-commerce. Their work often involves analyzing large sets of data on computers, collaborating with teams, and sometimes communicating findings to law enforcement or legal teams.
Fraud Analysts are vital in safeguarding the financial assets of individuals and organizations. They use advanced analytical methods and software to monitor transactions and identify irregular patterns that may indicate fraudulent activities. This role requires a keen eye for detail and the ability to interpret complex data sets and financial records.
In addition to technical skills, Fraud Analysts must have a strong understanding of financial regulations and laws related to fraud. They often work in teams and collaborate with other departments, such as IT for cybersecurity-related issues, legal departments for compliance matters, and customer service teams in case of customer fraud allegations.
As fraud techniques evolve, Fraud Analysts must continually update their knowledge and skills, especially in areas like digital technology and cybersecurity. They play a crucial role in developing and updating fraud prevention strategies, ensuring that their organizations stay ahead of potential fraudsters.
A bachelor's degree in finance, accounting, criminal justice, or a related field is usually required, amounting to about 4 years of post-secondary education. Additional training in data analysis, cybersecurity, or fraud detection can be advantageous.
Similarity is based on what people in the careers do, what they know, and what they are called. The process of establishing similarity lists is described in this white paper.
