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The differences between fraud prevention specialists and loss prevention analysts can be seen in a few details. Each job has different responsibilities and duties. Additionally, a loss prevention analyst has an average salary of $38,684, 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 loss prevention analyst are loss prevention, customer service, and camera surveillance.
| Fraud Prevention Specialist | Loss Prevention Analyst | |
| Yearly salary | $37,798 | $38,684 |
| Hourly rate | $18.17 | $18.60 |
| Growth rate | 6% | 6% |
| Number of jobs | 33,725 | 62,658 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 44% | Bachelor's Degree, 39% |
| Average age | 49 | 33 |
| Years of experience | 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.
A loss prevention analyst designs and develops loss prevention programs, typically for retail establishments. They are in charge of providing analytical services primarily to avoid or resolve cases of theft and fraud. Among their responsibilities include gathering and analyzing financial and inventory data, inspecting alarm systems and protocols, performing research and analysis to identify the best practices, determining the strengths and weaknesses of current loss prevention techniques, and implementing solutions against vulnerable areas. Furthermore, a loss prevention analyst must maintain an active communication line with managers and loss prevention officers for a smooth and efficient workflow.
Fraud prevention specialists and loss prevention analysts have different pay scales, as shown below.
| Fraud Prevention Specialist | Loss Prevention Analyst | |
| Average salary | $37,798 | $38,684 |
| Salary range | Between $23,000 And $61,000 | Between $21,000 And $68,000 |
| Highest paying City | Cerritos, CA | Urban Honolulu, HI |
| Highest paying state | Alaska | Hawaii |
| Best paying company | Apple | Barclays |
| Best paying industry | Technology | Finance |
There are a few differences between a fraud prevention specialist and a loss prevention analyst in terms of educational background:
| Fraud Prevention Specialist | Loss Prevention Analyst | |
| Most common degree | Bachelor's Degree, 44% | Bachelor's Degree, 39% |
| Most common major | Business | Criminal Justice |
| Most common college | California State University - Bakersfield | California State University - Bakersfield |
Here are the differences between fraud prevention specialists' and loss prevention analysts' demographics:
| Fraud Prevention Specialist | Loss Prevention Analyst | |
| Average age | 49 | 33 |
| Gender ratio | Male, 44.2% Female, 55.8% | Male, 67.7% Female, 32.3% |
| 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, 8.3% Unknown, 7.3% Hispanic or Latino, 14.3% Asian, 4.2% White, 65.6% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 18% | 7% |