Entry Level Fraud Detection information
See Massachusetts salary details
$36.6K - $42.8K
3% of jobs
$42.8K - $49.1K
11% of jobs
$49.1K - $55.4K
11% of jobs
$56.3K is the 25th percentile. Wages below this are outliers.
$55.4K - $61.6K
5% of jobs
$61.6K - $67.9K
5% of jobs
$67.9K - $74.1K
8% of jobs
The median wage is $77K / yr.
$74.1K - $80.4K
15% of jobs
$80.4K - $86.6K
9% of jobs
$92.3K is the 75th percentile. Wages above this are outliers.
$86.6K - $92.9K
8% of jobs
$92.9K - $99.1K
12% of jobs
$99.1K - $105.4K
13% of jobs
How much do entry level fraud detection jobs pay per year?
As of Aug 27, 2026, the average yearly pay for entry level fraud detection in Massachusetts is $76,221.00, according to ZipRecruiter salary data. Most workers in this role earn between $56,800.00 and $95,000.00 per year, depending on experience, location, and employer.
Entry level fraud detection jobs involve monitoring financial transactions and activities to identify suspicious or potentially fraudulent behavior. Professionals in these roles use specialized software and established procedures to detect patterns that may indicate fraud, such as unusual account activity or discrepancies in documentation. They typically review alerts, investigate flagged transactions, and may communicate with customers or other departments to verify information. These positions are often found in banks, credit card companies, insurance firms, and e-commerce businesses. Entry level roles usually require strong analytical skills, attention to detail, and familiarity with basic computer applications.
To thrive as an Entry Level Fraud Detection Specialist, you need strong analytical skills, attention to detail, and a basic understanding of financial transactions, often supported by a relevant associate's or bachelor's degree. Familiarity with fraud monitoring software, databases, and proficiency in Excel or other data analysis tools is typically required. Strong communication, critical thinking, and problem-solving abilities help you effectively investigate and report suspicious activities. These skills are crucial for accurately identifying potential fraud, minimizing financial losses, and maintaining trust in the organization.
Entry-level fraud detection analysts often face challenges such as quickly recognizing new fraud patterns, managing a high volume of alerts, and balancing accuracy with efficiency. Staying up-to-date with the latest fraud tactics and leveraging available training resources can help overcome these hurdles. Collaborating closely with more experienced team members and regularly participating in knowledge-sharing sessions are also effective strategies to build confidence and expertise. With time, analysts typically become more adept at identifying subtle indicators of fraud and handling complex cases.
Becoming an entry-level fraud detection analyst typically requires basic knowledge of financial transactions, attention to detail, and familiarity with fraud detection tools or software. Many positions accept candidates with a high school diploma or equivalent, and relevant certifications or training can improve job prospects. The role often involves on-the-job training and developing skills in data analysis and investigation techniques.
Entry level fraud detection roles typically require strong attention to detail, analytical skills, and basic knowledge of financial transactions or cybersecurity. Candidates can improve their chances by gaining relevant certifications such as Certified Fraud Examiner (CFE) or completing online courses in fraud prevention and data analysis. Prior experience in customer service, banking, or administrative roles can also be beneficial, and internships or entry-level positions can provide valuable industry exposure.
To start a career in entry level fraud detection, gain relevant skills such as data analysis, attention to detail, and knowledge of financial transactions. Obtain certifications like Certified Fraud Examiner (CFE) or basic courses in cybersecurity and fraud prevention. Entry-level roles often require a high school diploma or bachelor's degree and familiarity with fraud detection tools and software.
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