Are you thinking of becoming a Fraud Analyst or already started your career and planning the next step? Learn how to become a Fraud Analyst, what skills you need to succeed, how to advance your career and get promoted, and what levels of pay to expect at each step on your career path. Explore new Fraud Analyst job openings and options for career transitions into related roles.
How to Become a fraud analyst
If you're considering starting your Fraud Analyst career path, it's important to note the skills, qualifications, and time it takes to become a professional Fraud Analyst and how to advance your career path. Below are the steps generally required to begin and advance your Fraud Analyst career.
Earn a Degree
To begin your Fraud Analyst career path, a Bachelor's Degree in Business or a related field is usually necessary in order to remain a competitive option for employers. Focus on industry-specific skill development during your education in order to be properly equipped when applying for entry-level positions and entering the job force. A Fraud Analyst internship may be required to earn your Bachelor's Degree and acquire necessary on-the-job skills before entering the workforce.
Choose a Specialty in Your Field
As an Fraud Analyst, you may be required to choose a specialty within your field. Determine which part of the Fraud Analyst field you feel strongest in, and continue taking active steps toward growing in your chosen Fraud Analyst specialty.
Get an Entry-Level Position as a Fraud Analyst
Once you've acquired a Bachelor's Degree in Business or a related field, you'll typically begin your career as an entry-level Fraud Analyst. In general, you can become a Fraud Analyst after completing your 4 year Bachelor's Degree in a related discipline. Depending on the type of Fraud Analyst role you’re pursuing, you may want to explore certification in certified fraud examiner.
Advance in Your Fraud Analyst Career
Following entry-level, there are several Fraud Analyst career path levels to advance into. It can take 2 years as an entry-level Fraud Analyst to progress to the next seniority level position. Each advanced Fraud Analyst position requires approximately 2 years of experience at each level to advance in your Fraud Analyst career path. It may be necessary to receive additional education, an advanced degree such as a Master's Degree in a related field, or special certifications in order to advance your Fraud Analyst career path.
Continued Education for Your Fraud Analyst Career Path
Not all industries and companies require continued education to advance your Fraud Analyst career path. However, earning this degree may help you advance to higher-earning positions more quickly. Earning a Graduate Degree in Business can take 4 years to complete. People that have earned their Graduate Degree typically make $61,348 compared to $30,149 for those without that type of degree.
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Fraud Analyst Career Path
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Related careers in the Finance & Accounting Industry
Interested in other Finance & Accounting careers? Below are occupations that have high affinity with Fraud Analyst skills. Discover some of the most common Fraud Analyst career transitions, along with skills overlap.