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The differences between senior fraud analysts and senior analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become a senior fraud analyst, becoming a senior analyst takes usually requires 2-4 years. Additionally, a senior fraud analyst has an average salary of $91,428, which is higher than the $84,799 average annual salary of a senior analyst.
The top three skills for a senior fraud analyst include SQL, fraud risk and fraud prevention. The most important skills for a senior analyst are analytics, data analysis, and tableau.
| Senior Fraud Analyst | Senior Analyst | |
| Yearly salary | $91,428 | $84,799 |
| Hourly rate | $43.96 | $40.77 |
| Growth rate | 3% | 11% |
| Number of jobs | 13,411 | 159,807 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 57% | Bachelor's Degree, 68% |
| Average age | 39 | 44 |
| Years of experience | 2 | 4 |
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 senior analyst's responsibilities will vary in every organization or industry. However, their primary role is to gain an understanding of a company's strengths and weaknesses. Through this, they can devise strategies and determine new opportunities that would be significant in attaining financial gains and a more substantial client base. Furthermore, it is a senior analyst's responsibility to coordinate with various departments, and even clients, to establish a rapport that will be essential in gaining the needed information to catapult a company to its finest.
Senior fraud analysts and senior analysts have different pay scales, as shown below.
| Senior Fraud Analyst | Senior Analyst | |
| Average salary | $91,428 | $84,799 |
| Salary range | Between $69,000 And $120,000 | Between $63,000 And $112,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | New York | New Jersey |
| Best paying company | SoFi | The Citadel |
| Best paying industry | Start-up | Finance |
There are a few differences between a senior fraud analyst and a senior analyst in terms of educational background:
| Senior Fraud Analyst | Senior Analyst | |
| Most common degree | Bachelor's Degree, 57% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between senior fraud analysts' and senior analysts' demographics:
| Senior Fraud Analyst | Senior Analyst | |
| Average age | 39 | 44 |
| Gender ratio | Male, 43.5% Female, 56.5% | Male, 61.8% Female, 38.2% |
| 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, 7.4% Unknown, 4.4% Hispanic or Latino, 8.4% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 11% | 12% |