Average Credit Card Fraud Investigator Salary in Solomon Islands for 2024

In this article, we will look at the average Credit Card Fraud Investigator salary for 2024 in Solomon Islands 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 Solomon Islands dollar. To keep things simple, we are using the SBD currency code instead of the currency symbol $.

How Much Does a Credit Card Fraud Investigator Make in Solomon Islands?

A Credit Card Fraud Investigator working in Solomon Islands will typically earn around 87,020 SBD per year, and this can range from the lowest average salary of about 47,180 SBD to the highest average salary of 129,000 SBD.

Average Annual Salary
87,020 SBD
Average Monthly Salary
7,251 SBD

Lowest Annual Salary
47,180 SBD
Lowest Monthly Salary
3,931 SBD

Highest Annual Salary
129,000 SBD
Highest Monthly Salary
10,750 SBD

These are average salaries for a Credit Card Fraud Investigator in Solomon Islands 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 Solomon Islands

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

Salary ranges

We already know that a Credit Card Fraud Investigator can earn between 47,180 SBD and 129,000 SBD on average in Solomon Islands. 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 Solomon Islands is 80,180 SBD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 80,180 SBD, and 50% of the population earn more than 80,180 SBD.

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 Solomon Islands, 25% of the population are earning less than 55,840 SBD while 75% of the population earn more than 55,840 SBD.

75% of the population earn less than 94,400 SBD, and 25% of the population earn more than 94,400 SBD.

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 Solomon Islands

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 Solomon Islands that has less than two years of experience can expect to earn somewhere in the region of 52,820 SBD.
  • 2 - 5 Years Experience. With two to five years of experience the average Credit Card Fraud Investigator salary would increase to 67,360 SBD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Credit Card Fraud Investigator, the average salary would be 87,760 SBD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 105,880 SBD.
  • 15 - 20 Years Experience. A Credit Card Fraud Investigator with 15 to 20 years of experience can earn an average of 115,640 SBD.
  • 20+ Years Experience. For a Credit Card Fraud Investigator with more than 20 years, the expected average salary increases to 125,100 SBD.

Average Salary by Experience Chart

0-2 Years
52,820 SBD
2-5 Years +26%
67,360 SBD
5-10 Years +32%
87,760 SBD
10-15 Years +18%
105,880 SBD
15-20 Years +11%
115,640 SBD
20+ Years +6%
125,100 SBD

Credit Card Fraud Investigator Salary by Education Level in Solomon Islands

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 Solomon Islands 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 Solomon Islands with a bachelor's degree education can earn an average salary of 70,940 SBD.

  • Master's Degree. A Credit Card Fraud Investigator in Solomon Islands with a master's degree education can earn an average salary of 104,920 SBD.

Average Salary by Education Chart

Bachelor's Degree
70,940 SBD
Master's Degree +53%
104,920 SBD

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 Solomon Islands is around 31,700 to 95,200 SBD 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 Solomon Islands, a male credit card fraud investigator will earn an average of 88,580 SBD, while a female credit card fraud investigator will earn around 82,200 SBD.

This means that a male credit card fraud investigator earns approximately 8% more than a female credit card fraud investigator for performing the same job.

Average Salary by Gender Chart in Solomon Islands

Male
88,580 SBD
Female -8%
82,200 SBD

Credit Card Fraud Investigator Average Pay Raise in Solomon Islands

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 Solomon Islands is around 8% every 28 months.

The national average pay raise across all professions and industries in Solomon Islands is around 4% every 29 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 = ( 8 ÷ 28 ) × 12  = 3%

What this means is that a Credit Card Fraud Investigator in Solomon Islands can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Solomon Islands for 2024

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

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

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Credit Card Fraud Investigator Bonus and Incentive Rates in Solomon Islands

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 34% of employees reporting at least one bonus in the last 12 months.

66% 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 4% to 5%.

Received Bonus
34%
No Bonus
66%

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 Solomon Islands earn approximately 9% more than private sector employees in the same role.

Public Sector
78,400 SBD
Private Sector -9%
72,120 SBD

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 Solomon Islands.

Job Title Category Salary
AML Analyst Banking 106,780 SBD
Assistant Bank Branch Manager Banking 91,380 SBD
Assistant Bank Manager Banking 119,700 SBD
ATM Manager Banking 102,380 SBD
ATM Service Technician Banking 29,540 SBD
Bank Accounts Analyst Banking 41,480 SBD
Bank Accounts Collector Banking 25,720 SBD
Bank Accounts Controller Banking 51,340 SBD
Bank Accounts Executive Banking 78,420 SBD
Bank Accounts Manager Banking 87,640 SBD
Bank Auditing Manager Banking 91,560 SBD
Bank Branch Manager Banking 125,100 SBD
Bank Branch Operations Coordinator Banking 56,060 SBD
Bank Clerk Banking 27,040 SBD
Bank Client Service Associate Banking 34,480 SBD
Bank Collector Banking 25,940 SBD
Bank Compliance Specialist Banking 72,360 SBD
Bank Manager Banking 150,000 SBD
Bank Operational Risk Manager Banking 150,000 SBD
Bank Operations Head Banking 152,000 SBD
Bank Operations Officer Banking 60,400 SBD
Bank Operations Specialist Banking 93,340 SBD
Bank Process Manager Banking 83,640 SBD
Bank Product Manager Banking 96,680 SBD
Bank Programme Manager Banking 97,260 SBD
Bank Project Manager Banking 124,400 SBD
Bank Propositions Manager Banking 111,900 SBD
Bank Quantitative Analyst Banking 75,280 SBD
Bank Regional Manager Banking 161,300 SBD
Bank Regional Risk Officer Banking 83,200 SBD
Bank Relationship Manager Banking 116,740 SBD
Bank Relationship Officer Banking 52,820 SBD
Bank Teller Banking 28,720 SBD
Banker Banking 53,660 SBD
Banking Business Analyst Banking 80,800 SBD
Banking Business Development Officer Banking 50,180 SBD
Banking Business Planning Executive Banking 119,560 SBD
Banking Product Manager Banking 95,600 SBD
Banking Reference Data Manager Banking 81,180 SBD
Banking Risk Analyst Banking 79,360 SBD
Banking Technical Analyst Banking 44,180 SBD
Bankruptcy Coordinator Banking 56,060 SBD
Bill and Account Collector Banking 27,480 SBD
Budget Analyst Banking 73,020 SBD
Capital Risk Manager Banking 152,300 SBD
Cards Marketing Manager Banking 102,020 SBD
Cash Management Manager Banking 146,200 SBD
Check Processing Manager Banking 109,000 SBD
Commercial Vault Associate Banking 80,580 SBD
Corporate Banker Banking 61,400 SBD
Corporate Dealer Banking 84,180 SBD
Credit Analyst Banking 66,020 SBD
Credit and Collections Manager Banking 112,280 SBD
Credit Portfolio Manager Banking 148,300 SBD
Credit Risk Analyst Banking 89,280 SBD
Credit Risk Associate Banking 82,520 SBD
Direct Bank Sales Representative Banking 58,240 SBD
Exchange Control Consultant Banking 85,440 SBD
Executive Account Analyst Banking 78,480 SBD
Financial Bank Planning Consultant Banking 106,160 SBD
Financial Banking Analysis Manager Banking 119,900 SBD
Financial Banking Assistant Banking 40,240 SBD
Financial Banking Systems Manager Banking 112,560 SBD
Foreign Exchange Manager Banking 119,860 SBD
Fraud Analyst Banking 83,420 SBD
Fraud Detection Associate Banking 58,280 SBD
Fraud Detection Manager Banking 119,700 SBD
Fraud Detection Supervisor Banking 72,120 SBD
Internal Bank Audit Manager Banking 150,000 SBD
Internal Bank Auditor Banking 78,480 SBD
Internal Private Banker Banking 57,360 SBD
International Banking Manager Banking 168,100 SBD
Investment Banking Analyst Banking 117,860 SBD
Loan Analyst Banking 76,440 SBD
Loan Area Manager Banking 94,400 SBD
Loan Audit Team Leader Banking 88,300 SBD
Loan Branch Manager Banking 87,040 SBD
Loan Business Development Officer Banking 46,040 SBD
Loan Clerk Banking 29,540 SBD
Loan Collection and Recovery Manager Banking 93,340 SBD
Loan Collection Manager Banking 95,760 SBD
Loan Collector Banking 24,860 SBD
Loan Examiner Banking 34,480 SBD
Loan Officer Banking 31,380 SBD
Loan Processing Manager Banking 83,300 SBD
Loan Processor Banking 36,940 SBD
Loan Quality Assurance Auditor Banking 78,620 SBD
Loan Quality Assurance Manager Banking 87,880 SBD
Loan Quality Assurance Representative Banking 57,620 SBD
Loan Review Manager Banking 86,640 SBD
Loan Team Leader Banking 80,180 SBD
Loans Manager Banking 108,320 SBD
Mortgage Advisor Banking 54,180 SBD
Mortgage Collection Manager Banking 91,520 SBD
Mortgage Collector Banking 27,020 SBD
Mortgage Credit Analyst Banking 40,040 SBD
Mortgage Credit Manager Banking 84,580 SBD
Mortgage Development Manager Banking 97,260 SBD
Mortgage Document Reviewer Banking 35,500 SBD
Mortgage Funding Manager Banking 97,900 SBD
Mortgage Operations Manager Banking 130,400 SBD
Mortgage Payment Processing Clerk Banking 27,560 SBD
Mortgage Processing Manager Banking 87,060 SBD
Mortgage Processor Banking 34,960 SBD
Mortgage Quality Assurance Auditor Banking 74,380 SBD
Mortgage Quality Assurance Manager Banking 84,580 SBD
Mortgage Servicing Clerk Banking 25,440 SBD
Mortgage Servicing Manager Banking 83,100 SBD
Mortgage Underwriter Banking 32,960 SBD
Online Banking Manager Banking 142,300 SBD
Payment Processing Clerk Banking 27,020 SBD
Personal Banker Banking 57,620 SBD
Personal Banking Advisor Banking 60,020 SBD
Phone Banker Banking 40,240 SBD
Private Banker Banking 60,400 SBD
Reconciliation and Investigation Specialist Banking 61,780 SBD
Tax Officer Banking 49,700 SBD
Teller Banking 26,100 SBD
Trade Officer Banking 32,620 SBD
Trade Product Manager Banking 91,320 SBD
Trader Banking 37,740 SBD
Treasury Operations Officer Banking 73,880 SBD

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