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Fraud prevention specialist vs criminal investigator

The differences between fraud prevention specialists and criminal investigators can be seen in a few details. Each job has different responsibilities and duties. Additionally, a criminal investigator has an average salary of $54,520, which is higher than the $37,798 average annual salary of a fraud prevention specialist.

The top three skills for a fraud prevention specialist include fraud prevention, outbound calls and customer service. The most important skills for a criminal investigator are investigative reports, resourcefulness, and firearms.

Fraud prevention specialist vs criminal investigator overview

Fraud Prevention SpecialistCriminal Investigator
Yearly salary$37,798$54,520
Hourly rate$18.17$26.21
Growth rate6%3%
Number of jobs33,7255,131
Job satisfaction--
Most common degreeBachelor's Degree, 44%Bachelor's Degree, 59%
Average age4944
Years of experience4-

What does a fraud prevention specialist do?

A fraud prevention specialist is in charge of reviewing and monitoring business transactions to ensure accuracy and thwart off fraudulent activities. Although the extent of their responsibilities depends on their place or industry of employment, it typically includes gathering and analyzing data, performing research and analyses, conducting audits and assessments, and utilizing various tools and programs. Moreover, a fraud prevention specialist must develop guidelines and conduct investigations on incidents to prevent them from happening again, all while enforcing the company's security policies and regulations.

What does a criminal investigator do?

A criminal investigator is a law enforcement professional who endeavors to solve felony crimes. Criminal investigators may work alone or as a member of an investigative team whose goal is to uncover the certainty of a case and potentially keep suspects to prevent the ensuing criminal activity. Their tasks and responsibilities depend on various job functions and specialties. They may specialize in the information and evidence of a crime scene, conduct interviews and searches, or perform surveillance.

Fraud prevention specialist vs criminal investigator salary

Fraud prevention specialists and criminal investigators have different pay scales, as shown below.

Fraud Prevention SpecialistCriminal Investigator
Average salary$37,798$54,520
Salary rangeBetween $23,000 And $61,000Between $34,000 And $85,000
Highest paying CityCerritos, CAWashington, DC
Highest paying stateAlaskaCalifornia
Best paying companyAppleNational Railroad Passenger Corporation
Best paying industryTechnologyGovernment

Differences between fraud prevention specialist and criminal investigator education

There are a few differences between a fraud prevention specialist and a criminal investigator in terms of educational background:

Fraud Prevention SpecialistCriminal Investigator
Most common degreeBachelor's Degree, 44%Bachelor's Degree, 59%
Most common majorBusinessCriminal Justice
Most common collegeCalifornia State University - Bakersfield-

Fraud prevention specialist vs criminal investigator demographics

Here are the differences between fraud prevention specialists' and criminal investigators' demographics:

Fraud Prevention SpecialistCriminal Investigator
Average age4944
Gender ratioMale, 44.2% Female, 55.8%Male, 79.7% Female, 20.3%
Race ratioBlack or African American, 6.0% Unknown, 7.3% Hispanic or Latino, 12.3% Asian, 1.2% White, 71.4% American Indian and Alaska Native, 1.9%Black or African American, 11.8% Unknown, 5.0% Hispanic or Latino, 16.9% Asian, 2.8% White, 62.8% American Indian and Alaska Native, 0.7%
LGBT Percentage18%9%

Differences between fraud prevention specialist and criminal investigator duties and responsibilities

Fraud prevention specialist example responsibilities.

  • Accomplish investigations that meet the criteria for referrals to the OIG and/or the FBI.
  • Draft referrals to appropriate departments for SAR filing and further review/investigation.
  • Implement medically accurate, evidence base curriculum with the purpose of reducing teen pregnancy rates and behavioral risks underlying teen pregnancy.
  • Assist with limit increases on ATM withdrawals and point of sale purchases.
  • Educate customers on automate service options available, which include loan, ATM, and Internet banking.
  • Apply CDC definitions and guidelines when investigating infections and report to NHSN.
  • Show more

Criminal investigator example responsibilities.

  • Conduct joint planning and manage AFOSI's criminal investigations and counterintelligence operations in northern Italy.
  • Close accounts and file SAR's with FinCEN as warranted.
  • Write suspicious activity reports (SAR).
  • Follow up on sub reviews and documentation require information for FinCEN reporting.
  • Coordinate and conduct firearms training.
  • Examine discovery, prepare subpoenas, and review pertinent documents.
  • Show more

Fraud prevention specialist vs criminal investigator skills

Common fraud prevention specialist skills
  • Fraud Prevention, 20%
  • Outbound Calls, 8%
  • Customer Service, 7%
  • Financial Institutions, 6%
  • Anti-Money Laundering, 5%
  • Management System, 5%
Common criminal investigator skills
  • Investigative Reports, 13%
  • Resourcefulness, 11%
  • Firearms, 11%
  • Treasury, 9%
  • Investigative Techniques, 8%
  • IRS, 6%

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