Fraud investigators look for evidence of financial misconduct in government programs and businesses. They may also identify fraudulent claims for insurance companies. People who thrive in this job are often good at noticing details and thinking creatively.
Working as a fraud investigator may lead to accounting or management jobs, depending on the person's interests.
Fraud Investigator Job Education Requirements
Most employers prefer hiring fraud investigators who have bachelor's degrees in subjects like accounting or business. Completing diploma programs should give graduates the skills they need to identify evidence of fraud. Working as an auditor can also help build these skills.
Some states have licensing requirements for fraud investigators. Licensing exams are conducted by organizations like the Association of Certified Fraud Examiners and the International Association of Special Investigation Units. Since requirements vary from state to state, it is important for fraud investigators to learn whether they need to pass exams before accepting positions.
Fraud Investigator Job Market
The job market for fraud investigators is expected to grow by three percent between 2012 and 2022. This is slower than average, and could mean that future investigators will struggle to find jobs. States with the largest job markets may offer more opportunities. Fraud investigators willing to move for new positions should consider searching opportunities in California, New York, Florida, Texas, and Illinois. They have the country's largest job markets for fraud investigators.
Fraud Investigator Job Salary Information
The mean wage for a fraud investigator working in May 2014 was $63,500 per year ($30.53 an hour). Positions in some cities, however, tend to pay higher wages. The annual mean wage for a fraud investigator in New York City is $75,140 ($36.13 per hour). Those in the Chicago area can expect to make about $65,500 per year ($65,510 per hour).