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The differences between senior fraud analysts and commercial credit 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 credit analyst. Additionally, a senior fraud analyst has an average salary of $91,428, which is higher than the $66,482 average annual salary of a commercial credit analyst.
The top three skills for a senior fraud analyst include SQL, fraud risk and fraud prevention. The most important skills for a commercial credit analyst are credit analysis, customer service, and strong analytical.
| Senior Fraud Analyst | Commercial Credit Analyst | |
| Yearly salary | $91,428 | $66,482 |
| Hourly rate | $43.96 | $31.96 |
| Growth rate | 3% | 4% |
| Number of jobs | 13,411 | 42,862 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 57% | Bachelor's Degree, 80% |
| 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 credit analyst is primarily in charge of assessing a client's credit or loan application, ensuring that they are fit to uphold financial obligations. Their responsibilities typically revolve around coordinating different departments to gather necessary client data, reviewing financial histories, verifying the authenticity of requirements, and developing financial profiles. Moreover, a commercial credit analyst may perform research and analysis to identify new business opportunities, produce progress and sales reports, monitor the payment progress of clients, and maintain a record of all transactions.
Senior fraud analysts and commercial credit analysts have different pay scales, as shown below.
| Senior Fraud Analyst | Commercial Credit Analyst | |
| Average salary | $91,428 | $66,482 |
| Salary range | Between $69,000 And $120,000 | Between $46,000 And $94,000 |
| Highest paying City | San Francisco, CA | Burlingame, CA |
| Highest paying state | New York | California |
| Best paying company | SoFi | HSBC Bank |
| Best paying industry | Start-up | Automotive |
There are a few differences between a senior fraud analyst and a commercial credit analyst in terms of educational background:
| Senior Fraud Analyst | Commercial Credit Analyst | |
| Most common degree | Bachelor's Degree, 57% | Bachelor's Degree, 80% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior fraud analysts' and commercial credit analysts' demographics:
| Senior Fraud Analyst | Commercial Credit Analyst | |
| Average age | 39 | 39 |
| Gender ratio | Male, 43.5% Female, 56.5% | Male, 61.6% Female, 38.4% |
| 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, 7.9% Unknown, 2.7% Hispanic or Latino, 9.6% Asian, 10.5% White, 69.0% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |