Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between fraud prevention specialists and fraud analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a fraud prevention specialist and a fraud analyst. Additionally, a fraud analyst has an average salary of $53,187, 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 fraud analyst are customer service, fraud prevention, and SQL.
| Fraud Prevention Specialist | Fraud Analyst | |
| Yearly salary | $37,798 | $53,187 |
| Hourly rate | $18.17 | $25.57 |
| Growth rate | 6% | 6% |
| Number of jobs | 33,725 | 10,891 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 44% | Bachelor's Degree, 52% |
| Average age | 49 | 43 |
| Years of experience | 4 | 4 |
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.
Fraud analysts are responsible for monitoring bank accounts, accounting paperwork, and financial transactions. They analyze the data to identify any fraudulent and suspicious activities within an organization. Their duties and responsibilities may vary depending on which industries they work in. These may include keeping the confidentiality of any collected information, resolving customers' problems, and maintaining fraud analysis models to enhance the effectiveness and efficiency of company systems. Fraud analysts are also expected to provide recommendations for anti-fraud processes and new software tools to improve fraud detection and prevention.
Fraud prevention specialists and fraud analysts have different pay scales, as shown below.
| Fraud Prevention Specialist | Fraud Analyst | |
| Average salary | $37,798 | $53,187 |
| Salary range | Between $23,000 And $61,000 | Between $30,000 And $92,000 |
| Highest paying City | Cerritos, CA | San Francisco, CA |
| Highest paying state | Alaska | Rhode Island |
| Best paying company | Apple | Aspiration |
| Best paying industry | Technology | Finance |
There are a few differences between a fraud prevention specialist and a fraud analyst in terms of educational background:
| Fraud Prevention Specialist | Fraud Analyst | |
| Most common degree | Bachelor's Degree, 44% | Bachelor's Degree, 52% |
| Most common major | Business | Business |
| Most common college | California State University - Bakersfield | California State University - Bakersfield |
Here are the differences between fraud prevention specialists' and fraud analysts' demographics:
| Fraud Prevention Specialist | Fraud Analyst | |
| Average age | 49 | 43 |
| Gender ratio | Male, 44.2% Female, 55.8% | Male, 41.0% Female, 59.0% |
| Race ratio | Black 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, 8.6% Unknown, 3.9% Hispanic or Latino, 9.6% Asian, 10.0% White, 67.6% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 18% | 4% |