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The differences between senior fraud analysts and commercial analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both a senior fraud analyst and a commercial analyst. Additionally, a senior fraud analyst has an average salary of $91,428, which is higher than the $83,036 average annual salary of a commercial analyst.
The top three skills for a senior fraud analyst include SQL, fraud risk and fraud prevention. The most important skills for a commercial analyst are portfolio, data analysis, and financial statements.
| Senior Fraud Analyst | Commercial Analyst | |
| Yearly salary | $91,428 | $83,036 |
| Hourly rate | $43.96 | $39.92 |
| Growth rate | 3% | 9% |
| Number of jobs | 13,411 | 54,953 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 57% | Bachelor's Degree, 72% |
| Average age | 39 | 39 |
| Years of experience | 2 | 2 |
A Senior Fraud Analyst performs extensive research and analyses to detect suspicious transactions and determine fraudulent activities in financial institutions or business establishments. Their responsibilities typically revolve around monitoring financial transactions and documents, gathering and analyzing various data, conducting account assessments, validating information, and thoroughly reviewing documents. There are also instances where they must set objectives, establish guidelines, produce progress reports, and resolve issues promptly and efficiently. Moreover, as a senior fraud analyst, it is essential to lead and serve as a role model for junior fraud analysts, overseeing their performance while implementing company policies and regulations.
A commercial analyst is responsible for evaluating the performance of business operations in the market, including consumer demands and sales analysis. Commercial analysts monitor the market trends, identifying business opportunities that would generate more revenue resources for the business, as well as developing strategic approaches to attract potential clients and maintain long-lasting business relationships. They also manage the company's financial stability, reviewing competitors' activities, and recommending methods to maximize production operations and achieve the highest customer satisfaction.
Senior fraud analysts and commercial analysts have different pay scales, as shown below.
| Senior Fraud Analyst | Commercial Analyst | |
| Average salary | $91,428 | $83,036 |
| Salary range | Between $69,000 And $120,000 | Between $60,000 And $114,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | SoFi | Meta |
| Best paying industry | Start-up | Energy |
There are a few differences between a senior fraud analyst and a commercial analyst in terms of educational background:
| Senior Fraud Analyst | Commercial Analyst | |
| Most common degree | Bachelor's Degree, 57% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior fraud analysts' and commercial analysts' demographics:
| Senior Fraud Analyst | Commercial Analyst | |
| Average age | 39 | 39 |
| Gender ratio | Male, 43.5% Female, 56.5% | Male, 53.2% Female, 46.8% |
| Race ratio | Black or African American, 8.2% Unknown, 2.7% Hispanic or Latino, 9.8% Asian, 10.0% White, 69.0% American Indian and Alaska Native, 0.3% | Black or African American, 8.1% Unknown, 2.7% Hispanic or Latino, 9.7% Asian, 10.7% White, 68.5% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |