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The differences between fraud prevention specialists and loss prevention associates can be seen in a few details. Each job has different responsibilities and duties. Additionally, a loss prevention associate has an average salary of $38,861, 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 associate are customer service, patrol, and safety standards.
| Fraud Prevention Specialist | Loss Prevention Associate | |
| Yearly salary | $37,798 | $38,861 |
| Hourly rate | $18.17 | $18.68 |
| Growth rate | 6% | 6% |
| Number of jobs | 33,725 | 82,313 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 44% | Bachelor's Degree, 36% |
| 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 associate is responsible for monitoring the organization's daily operations, maintaining the safety and security of all network systems to avoid data theft. Loss prevention associates take immediate actions on all related suspicious activities that would compromise the company's reputation and financial status. They regularly check surveillance technologies to maintain asset protection and operational stability at all times. A loss prevention associate should have excellent communication skills, both written and oral, especially on writing incident reports and escalating unusual activities to the management for immediate resolution.
Fraud prevention specialists and loss prevention associates have different pay scales, as shown below.
| Fraud Prevention Specialist | Loss Prevention Associate | |
| Average salary | $37,798 | $38,861 |
| Salary range | Between $23,000 And $61,000 | Between $21,000 And $69,000 |
| Highest paying City | Cerritos, CA | Salisbury, MD |
| Highest paying state | Alaska | Virginia |
| Best paying company | Apple | AIG |
| Best paying industry | Technology | Utilities |
There are a few differences between a fraud prevention specialist and a loss prevention associate in terms of educational background:
| Fraud Prevention Specialist | Loss Prevention Associate | |
| Most common degree | Bachelor's Degree, 44% | Bachelor's Degree, 36% |
| 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 associates' demographics:
| Fraud Prevention Specialist | Loss Prevention Associate | |
| Average age | 49 | 33 |
| Gender ratio | Male, 44.2% Female, 55.8% | Male, 68.7% Female, 31.3% |
| 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, 8.5% Unknown, 7.2% Hispanic or Latino, 14.7% Asian, 4.2% White, 65.0% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 18% | 7% |