Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between senior fraud analysts and senior 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 senior credit analyst. Additionally, a senior fraud analyst has an average salary of $91,428, which is higher than the $86,364 average annual salary of a senior credit analyst.
The top three skills for a senior fraud analyst include SQL, fraud risk and fraud prevention. The most important skills for a senior credit analyst are credit analysis, customer service, and real estate.
| Senior Fraud Analyst | Senior Credit Analyst | |
| Yearly salary | $91,428 | $86,364 |
| Hourly rate | $43.96 | $41.52 |
| Growth rate | 3% | 17% |
| Number of jobs | 13,411 | 15,221 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 57% | Bachelor's Degree, 71% |
| 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 senior credit analyst is responsible for reviewing the loan applications of an individual and organization, determining their eligibility by evaluating their credit scores and financial history. Senior credit analysts assess the applicant's capability to pay according to terms and conditions and loan payment plans. They submit recommendation reports of qualified applicants for further investigation and have them submit additional documents as needed. A senior credit analyst decides on credit limits and may provide the applicants' loan and credit alternatives, requiring them to have excellent knowledge of the financial industry and loan options.
Senior fraud analysts and senior credit analysts have different pay scales, as shown below.
| Senior Fraud Analyst | Senior Credit Analyst | |
| Average salary | $91,428 | $86,364 |
| Salary range | Between $69,000 And $120,000 | Between $59,000 And $125,000 |
| Highest paying City | San Francisco, CA | White Plains, NY |
| Highest paying state | New York | New York |
| Best paying company | SoFi | Apple |
| Best paying industry | Start-up | Finance |
There are a few differences between a senior fraud analyst and a senior credit analyst in terms of educational background:
| Senior Fraud Analyst | Senior Credit Analyst | |
| Most common degree | Bachelor's Degree, 57% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior fraud analysts' and senior credit analysts' demographics:
| Senior Fraud Analyst | Senior Credit Analyst | |
| Average age | 39 | 39 |
| Gender ratio | Male, 43.5% Female, 56.5% | Male, 54.6% Female, 45.4% |
| 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, 8.3% Unknown, 2.7% Hispanic or Latino, 9.9% Asian, 10.0% White, 68.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |