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The differences between senior fraud analysts and credit administrators 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 credit administrator. Additionally, a senior fraud analyst has an average salary of $91,428, which is higher than the $59,271 average annual salary of a credit administrator.
The top three skills for a senior fraud analyst include SQL, fraud risk and fraud prevention. The most important skills for a credit administrator are financial statements, credit card payments, and real estate.
| Senior Fraud Analyst | Credit Administrator | |
| Yearly salary | $91,428 | $59,271 |
| Hourly rate | $43.96 | $28.50 |
| Growth rate | 3% | -8% |
| Number of jobs | 13,411 | 55,726 |
| Job satisfaction | - | 2 |
| Most common degree | Bachelor's Degree, 57% | Bachelor's Degree, 63% |
| 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 credit administrator oversees the credit operations in a company, ensuring efficiency and client satisfaction. They typically conduct research and analysis, handle credit portfolios, perform credit risk assessments, monitor credit accounts, validate requirements, evaluate applications, and develop strategies to optimize operations. A credit administrator may also perform a variety of clerical tasks such as preparing and processing documents, answering calls and correspondence, organizing information, and maintaining records. Moreover, they must lead and encourage staff to reach goals, all while enforcing and promoting the company's policies and regulations.
Senior fraud analysts and credit administrators have different pay scales, as shown below.
| Senior Fraud Analyst | Credit Administrator | |
| Average salary | $91,428 | $59,271 |
| Salary range | Between $69,000 And $120,000 | Between $33,000 And $106,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | SoFi | BNY Mellon |
| Best paying industry | Start-up | - |
There are a few differences between a senior fraud analyst and a credit administrator in terms of educational background:
| Senior Fraud Analyst | Credit Administrator | |
| Most common degree | Bachelor's Degree, 57% | Bachelor's Degree, 63% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior fraud analysts' and credit administrators' demographics:
| Senior Fraud Analyst | Credit Administrator | |
| Average age | 39 | 39 |
| Gender ratio | Male, 43.5% Female, 56.5% | Male, 28.4% Female, 71.6% |
| 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, 10.0% Asian, 9.4% White, 69.5% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |