Average Credit Card Fraud Investigator Salary in Aruba for 2024

In this article, we will look at the average Credit Card Fraud Investigator salary for 2024 in Aruba and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Aruban florin. To keep things simple, we are using the AWG currency code instead of the currency symbol ฦ’.

How Much Does a Credit Card Fraud Investigator Make in Aruba?

A Credit Card Fraud Investigator working in Aruba will typically earn around 34,160 AWG per year, and this can range from the lowest average salary of about 18,780 AWG to the highest average salary of 51,100 AWG.

Average Annual Salary
34,160 AWG
Average Monthly Salary
2,846 AWG

Lowest Annual Salary
18,780 AWG
Lowest Monthly Salary
1,565 AWG

Highest Annual Salary
51,100 AWG
Highest Monthly Salary
4,258 AWG

These are average salaries for a Credit Card Fraud Investigator in Aruba and include benefits such as housing and transport. It's also possible for a Credit Card Fraud Investigator to earn more or less than the average salaries shown above.

Credit Card Fraud Investigator salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Credit Card Fraud Investigator Salaries in Aruba

So we've looked at the average salaries a Credit Card Fraud Investigator will earn in Aruba. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Credit Card Fraud Investigator can earn between 18,780 AWG and 51,100 AWG on average in Aruba. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Credit Card Fraud Investigator in Aruba is 33,440 AWG. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 33,440 AWG, and 50% of the population earn more than 33,440 AWG.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Credit Card Fraud Investigator salary in Aruba, 25% of the population are earning less than 23,400 AWG while 75% of the population earn more than 23,400 AWG.

75% of the population earn less than 38,340 AWG, and 25% of the population earn more than 38,340 AWG.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Credit Card Fraud Investigator Salary by Experience Level in Aruba

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average credit card fraud investigator salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Credit Card Fraud Investigator in Aruba that has less than two years of experience can expect to earn somewhere in the region of 19,480 AWG.
  • 2 - 5 Years Experience. With two to five years of experience the average Credit Card Fraud Investigator salary would increase to 27,300 AWG.
  • 5 - 10 Years Experience. From five to ten years of experience as a Credit Card Fraud Investigator, the average salary would be 33,520 AWG.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 42,320 AWG.
  • 15 - 20 Years Experience. A Credit Card Fraud Investigator with 15 to 20 years of experience can earn an average of 44,780 AWG.
  • 20+ Years Experience. For a Credit Card Fraud Investigator with more than 20 years, the expected average salary increases to 48,160 AWG.

Average Salary by Experience Chart

0-2 Years
19,480 AWG
2-5 Years +34%
27,300 AWG
5-10 Years +30%
33,520 AWG
10-15 Years +21%
42,320 AWG
15-20 Years +9%
44,780 AWG
20+ Years +5%
48,160 AWG

Credit Card Fraud Investigator Salary by Education Level in Aruba

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Credit Card Fraud Investigator in Aruba based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. A Credit Card Fraud Investigator in Aruba with a bachelor's degree education can earn an average salary of 27,620 AWG.

  • Master's Degree. A Credit Card Fraud Investigator in Aruba with a master's degree education can earn an average salary of 36,720 AWG.

Average Salary by Education Chart

Bachelor's Degree
27,620 AWG
Master's Degree +39%
36,720 AWG

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Aruba is around 11,300 to 33,900 AWG and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Credit Card Fraud Investigator Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Aruba, a male credit card fraud investigator will earn an average of 34,120 AWG, while a female credit card fraud investigator will earn around 33,120 AWG.

This means that a male credit card fraud investigator earns approximately 3% more than a female credit card fraud investigator for performing the same job.

Average Salary by Gender Chart in Aruba

Male
34,120 AWG
Female -3%
33,120 AWG

Credit Card Fraud Investigator Average Pay Raise in Aruba

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Credit Card Fraud Investigator in Aruba is around 9% every 27 months.

The national average pay raise across all professions and industries in Aruba is around 5% every 28 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 9 ÷ 27 ) × 12  = 4%

What this means is that a Credit Card Fraud Investigator in Aruba can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Aruba for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Aruba.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Credit Card Fraud Investigator Bonus and Incentive Rates in Aruba

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Credit Card Fraud Investigator is a low bonus based job, with 36% of employees reporting at least one bonus in the last 12 months.

64% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 3% to 5%.

Received Bonus
36%
No Bonus
64%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Aruba earn approximately 14% more than private sector employees in the same role.

Public Sector
27,480 AWG
Private Sector -14%
24,200 AWG

Salaries for Jobs Similar to a Credit Card Fraud Investigator

In the table below, we have salary information for jobs that are similar to a Credit Card Fraud Investigator in Aruba.

Job Title Category Salary
AML Analyst Banking 46,720 AWG
Assistant Bank Branch Manager Banking 36,020 AWG
Assistant Bank Manager Banking 48,340 AWG
ATM Manager Banking 38,620 AWG
ATM Service Technician Banking 12,840 AWG
Bank Accounts Analyst Banking 16,400 AWG
Bank Accounts Collector Banking 8,100 AWG
Bank Accounts Controller Banking 21,560 AWG
Bank Accounts Executive Banking 33,440 AWG
Bank Accounts Manager Banking 37,380 AWG
Bank Auditing Manager Banking 37,620 AWG
Bank Branch Manager Banking 50,520 AWG
Bank Branch Operations Coordinator Banking 22,420 AWG
Bank Clerk Banking 8,100 AWG
Bank Client Service Associate Banking 11,880 AWG
Bank Collector Banking 7,820 AWG
Bank Compliance Specialist Banking 25,660 AWG
Bank Manager Banking 59,380 AWG
Bank Operational Risk Manager Banking 56,460 AWG
Bank Operations Head Banking 56,640 AWG
Bank Operations Officer Banking 22,660 AWG
Bank Operations Specialist Banking 35,260 AWG
Bank Process Manager Banking 34,980 AWG
Bank Product Manager Banking 38,260 AWG
Bank Programme Manager Banking 42,400 AWG
Bank Project Manager Banking 46,720 AWG
Bank Propositions Manager Banking 43,220 AWG
Bank Quantitative Analyst Banking 31,540 AWG
Bank Regional Manager Banking 64,300 AWG
Bank Regional Risk Officer Banking 32,200 AWG
Bank Relationship Manager Banking 43,220 AWG
Bank Relationship Officer Banking 18,900 AWG
Bank Teller Banking 11,300 AWG
Banker Banking 20,000 AWG
Banking Business Analyst Banking 29,600 AWG
Banking Business Development Officer Banking 20,300 AWG
Banking Business Planning Executive Banking 43,220 AWG
Banking Product Manager Banking 39,160 AWG
Banking Reference Data Manager Banking 30,700 AWG
Banking Risk Analyst Banking 31,340 AWG
Banking Technical Analyst Banking 17,100 AWG
Bankruptcy Coordinator Banking 19,940 AWG
Bill and Account Collector Banking 12,840 AWG
Budget Analyst Banking 31,960 AWG
Capital Risk Manager Banking 56,140 AWG
Cards Marketing Manager Banking 39,640 AWG
Cash Management Manager Banking 53,860 AWG
Check Processing Manager Banking 40,560 AWG
Commercial Vault Associate Banking 32,020 AWG
Corporate Banker Banking 23,520 AWG
Corporate Dealer Banking 32,960 AWG
Credit Analyst Banking 23,080 AWG
Credit and Collections Manager Banking 43,260 AWG
Credit Portfolio Manager Banking 58,860 AWG
Credit Risk Analyst Banking 34,280 AWG
Credit Risk Associate Banking 35,500 AWG
Direct Bank Sales Representative Banking 21,380 AWG
Exchange Control Consultant Banking 32,900 AWG
Executive Account Analyst Banking 31,180 AWG
Financial Bank Planning Consultant Banking 39,420 AWG
Financial Banking Analysis Manager Banking 44,720 AWG
Financial Banking Assistant Banking 14,840 AWG
Financial Banking Systems Manager Banking 42,040 AWG
Foreign Exchange Manager Banking 45,620 AWG
Fraud Analyst Banking 32,420 AWG
Fraud Detection Associate Banking 22,420 AWG
Fraud Detection Manager Banking 49,700 AWG
Fraud Detection Supervisor Banking 28,660 AWG
Internal Bank Audit Manager Banking 55,220 AWG
Internal Bank Auditor Banking 27,560 AWG
Internal Private Banker Banking 23,380 AWG
International Banking Manager Banking 63,700 AWG
Investment Banking Analyst Banking 44,300 AWG
Loan Analyst Banking 32,200 AWG
Loan Area Manager Banking 40,140 AWG
Loan Audit Team Leader Banking 37,740 AWG
Loan Branch Manager Banking 37,740 AWG
Loan Business Development Officer Banking 18,780 AWG
Loan Clerk Banking 9,960 AWG
Loan Collection and Recovery Manager Banking 36,020 AWG
Loan Collection Manager Banking 37,740 AWG
Loan Collector Banking 11,300 AWG
Loan Examiner Banking 11,880 AWG
Loan Officer Banking 12,180 AWG
Loan Processing Manager Banking 35,300 AWG
Loan Processor Banking 14,200 AWG
Loan Quality Assurance Auditor Banking 28,860 AWG
Loan Quality Assurance Manager Banking 34,980 AWG
Loan Quality Assurance Representative Banking 20,760 AWG
Loan Review Manager Banking 34,960 AWG
Loan Team Leader Banking 29,600 AWG
Loans Manager Banking 41,660 AWG
Mortgage Advisor Banking 23,520 AWG
Mortgage Collection Manager Banking 36,580 AWG
Mortgage Collector Banking 9,740 AWG
Mortgage Credit Analyst Banking 17,100 AWG
Mortgage Credit Manager Banking 31,520 AWG
Mortgage Development Manager Banking 37,800 AWG
Mortgage Document Reviewer Banking 13,900 AWG
Mortgage Funding Manager Banking 38,340 AWG
Mortgage Operations Manager Banking 50,520 AWG
Mortgage Payment Processing Clerk Banking 10,000 AWG
Mortgage Processing Manager Banking 35,340 AWG
Mortgage Processor Banking 13,560 AWG
Mortgage Quality Assurance Auditor Banking 28,680 AWG
Mortgage Quality Assurance Manager Banking 33,980 AWG
Mortgage Servicing Clerk Banking 12,840 AWG
Mortgage Servicing Manager Banking 35,340 AWG
Mortgage Underwriter Banking 13,780 AWG
Online Banking Manager Banking 54,140 AWG
Payment Processing Clerk Banking 12,840 AWG
Personal Banker Banking 24,840 AWG
Personal Banking Advisor Banking 23,520 AWG
Phone Banker Banking 12,580 AWG
Private Banker Banking 21,300 AWG
Reconciliation and Investigation Specialist Banking 27,020 AWG
Tax Officer Banking 19,640 AWG
Teller Banking 9,980 AWG
Trade Officer Banking 11,040 AWG
Trade Product Manager Banking 34,120 AWG
Trader Banking 13,100 AWG
Treasury Operations Officer Banking 26,080 AWG

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