Average Fraud Analyst Salary in Gibraltar for 2024

In this article, we will look at the average Fraud Analyst salary for 2024 in Gibraltar 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 Gibraltar pound. To keep things simple, we are using the GIP currency code instead of the currency symbol £.

How Much Does a Fraud Analyst Make in Gibraltar?

A Fraud Analyst working in Gibraltar will typically earn around 46,700 GIP per year, and this can range from the lowest average salary of about 21,500 GIP to the highest average salary of 73,300 GIP.

Average Annual Salary
46,700 GIP
Average Monthly Salary
3,891 GIP

Lowest Annual Salary
21,500 GIP
Lowest Monthly Salary
1,791 GIP

Highest Annual Salary
73,300 GIP
Highest Monthly Salary
6,108 GIP

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

Fraud Analyst 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 Fraud Analyst Salaries in Gibraltar

So we've looked at the average salaries a Fraud Analyst will earn in Gibraltar. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Fraud Analyst can earn between 21,500 GIP and 73,300 GIP on average in Gibraltar. 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 Fraud Analyst in Gibraltar is 49,200 GIP. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 49,200 GIP, and 50% of the population earn more than 49,200 GIP.

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 Fraud Analyst salary in Gibraltar, 25% of the population are earning less than 32,900 GIP while 75% of the population earn more than 32,900 GIP.

75% of the population earn less than 64,900 GIP, and 25% of the population earn more than 64,900 GIP.

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.

Fraud Analyst Salary by Experience Level in Gibraltar

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 fraud analyst 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 Fraud Analyst in Gibraltar that has less than two years of experience can expect to earn somewhere in the region of 27,100 GIP.
  • 2 - 5 Years Experience. With two to five years of experience the average Fraud Analyst salary would increase to 36,200 GIP.
  • 5 - 10 Years Experience. From five to ten years of experience as a Fraud Analyst, the average salary would be 49,700 GIP.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 59,900 GIP.
  • 15 - 20 Years Experience. A Fraud Analyst with 15 to 20 years of experience can earn an average of 67,000 GIP.
  • 20+ Years Experience. For a Fraud Analyst with more than 20 years, the expected average salary increases to 70,700 GIP.

Average Salary by Experience Chart

0-2 Years
27,100 GIP
2-5 Years +42%
36,200 GIP
5-10 Years +31%
49,700 GIP
10-15 Years +23%
59,900 GIP
15-20 Years +6%
67,000 GIP
20+ Years +10%
70,700 GIP

Fraud Analyst Salary by Education Level in Gibraltar

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 Fraud Analyst in Gibraltar 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 Fraud Analyst in Gibraltar with a bachelor's degree education can earn an average salary of 40,300 GIP.

  • Master's Degree. A Fraud Analyst in Gibraltar with a master's degree education can earn an average salary of 62,100 GIP.

Average Salary by Education Chart

Bachelor's Degree
40,300 GIP
Master's Degree +43%
62,100 GIP

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 Gibraltar is around 16,900 to 50,700 GIP 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.

Fraud Analyst 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 Gibraltar, a male fraud analyst will earn an average of 49,200 GIP, while a female fraud analyst will earn around 46,100 GIP.

This means that a male fraud analyst earns approximately 7% more than a female fraud analyst for performing the same job.

Average Salary by Gender Chart in Gibraltar

Male
49,200 GIP
Female -7%
46,100 GIP

Fraud Analyst Average Pay Raise in Gibraltar

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 Fraud Analyst in Gibraltar is around 8% every 28 months.

The national average pay raise across all professions and industries in Gibraltar 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 Fraud Analyst in Gibraltar can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Gibraltar for 2024

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

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

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Fraud Analyst Bonus and Incentive Rates in Gibraltar

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 Fraud Analyst is a low bonus based job, with 40% of employees reporting at least one bonus in the last 12 months.

60% 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 6%.

Received Bonus
40%
No Bonus
60%

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 Gibraltar earn approximately 24% more than private sector employees in the same role.

Public Sector
43,400 GIP
Private Sector -24%
35,000 GIP

Salaries for Jobs Similar to a Fraud Analyst

In the table below, we have salary information for jobs that are similar to a Fraud Analyst in Gibraltar.

Job Title Category Salary
AML Analyst Banking 60,100 GIP
Assistant Bank Branch Manager Banking 51,300 GIP
Assistant Bank Manager Banking 67,200 GIP
ATM Manager Banking 54,100 GIP
ATM Service Technician Banking 13,100 GIP
Bank Accounts Analyst Banking 23,400 GIP
Bank Accounts Collector Banking 14,200 GIP
Bank Accounts Controller Banking 30,800 GIP
Bank Accounts Executive Banking 43,800 GIP
Bank Accounts Manager Banking 49,200 GIP
Bank Auditing Manager Banking 51,900 GIP
Bank Branch Manager Banking 71,700 GIP
Bank Branch Operations Coordinator Banking 31,800 GIP
Bank Clerk Banking 13,900 GIP
Bank Client Service Associate Banking 20,900 GIP
Bank Collector Banking 13,900 GIP
Bank Compliance Specialist Banking 36,600 GIP
Bank Manager Banking 80,700 GIP
Bank Operational Risk Manager Banking 83,300 GIP
Bank Operations Head Banking 86,100 GIP
Bank Operations Officer Banking 31,700 GIP
Bank Operations Specialist Banking 47,400 GIP
Bank Process Manager Banking 46,200 GIP
Bank Product Manager Banking 51,100 GIP
Bank Programme Manager Banking 56,100 GIP
Bank Project Manager Banking 66,200 GIP
Bank Propositions Manager Banking 59,200 GIP
Bank Quantitative Analyst Banking 42,500 GIP
Bank Regional Manager Banking 87,900 GIP
Bank Regional Risk Officer Banking 46,300 GIP
Bank Relationship Manager Banking 63,800 GIP
Bank Relationship Officer Banking 26,500 GIP
Bank Teller Banking 13,300 GIP
Banker Banking 31,400 GIP
Banking Business Analyst Banking 44,900 GIP
Banking Business Development Officer Banking 26,500 GIP
Banking Business Planning Executive Banking 60,000 GIP
Banking Product Manager Banking 55,200 GIP
Banking Reference Data Manager Banking 46,300 GIP
Banking Risk Analyst Banking 40,300 GIP
Banking Technical Analyst Banking 23,100 GIP
Bankruptcy Coordinator Banking 30,200 GIP
Bill and Account Collector Banking 15,100 GIP
Budget Analyst Banking 39,800 GIP
Capital Risk Manager Banking 84,900 GIP
Cards Marketing Manager Banking 50,600 GIP
Cash Management Manager Banking 74,900 GIP
Check Processing Manager Banking 54,100 GIP
Commercial Vault Associate Banking 40,300 GIP
Corporate Banker Banking 30,600 GIP
Corporate Dealer Banking 45,400 GIP
Credit Analyst Banking 33,800 GIP
Credit and Collections Manager Banking 58,700 GIP
Credit Card Fraud Investigator Banking 46,400 GIP
Credit Portfolio Manager Banking 75,800 GIP
Credit Risk Analyst Banking 49,200 GIP
Credit Risk Associate Banking 45,400 GIP
Direct Bank Sales Representative Banking 30,800 GIP
Exchange Control Consultant Banking 43,800 GIP
Executive Account Analyst Banking 40,300 GIP
Financial Bank Planning Consultant Banking 57,800 GIP
Financial Banking Analysis Manager Banking 59,800 GIP
Financial Banking Assistant Banking 21,100 GIP
Financial Banking Systems Manager Banking 60,000 GIP
Foreign Exchange Manager Banking 64,900 GIP
Fraud Detection Associate Banking 30,000 GIP
Fraud Detection Manager Banking 68,900 GIP
Fraud Detection Supervisor Banking 36,800 GIP
Internal Bank Audit Manager Banking 79,600 GIP
Internal Bank Auditor Banking 44,300 GIP
Internal Private Banker Banking 31,800 GIP
International Banking Manager Banking 87,900 GIP
Investment Banking Analyst Banking 60,600 GIP
Loan Analyst Banking 39,700 GIP
Loan Area Manager Banking 51,100 GIP
Loan Audit Team Leader Banking 49,400 GIP
Loan Branch Manager Banking 47,500 GIP
Loan Business Development Officer Banking 26,200 GIP
Loan Clerk Banking 17,000 GIP
Loan Collection and Recovery Manager Banking 49,700 GIP
Loan Collection Manager Banking 52,000 GIP
Loan Collector Banking 14,900 GIP
Loan Examiner Banking 19,200 GIP
Loan Officer Banking 16,800 GIP
Loan Processing Manager Banking 49,400 GIP
Loan Processor Banking 20,500 GIP
Loan Quality Assurance Auditor Banking 45,200 GIP
Loan Quality Assurance Manager Banking 47,100 GIP
Loan Quality Assurance Representative Banking 32,200 GIP
Loan Review Manager Banking 45,900 GIP
Loan Team Leader Banking 45,700 GIP
Loans Manager Banking 54,500 GIP
Mortgage Advisor Banking 31,400 GIP
Mortgage Collection Manager Banking 52,300 GIP
Mortgage Collector Banking 12,400 GIP
Mortgage Credit Analyst Banking 23,400 GIP
Mortgage Credit Manager Banking 46,400 GIP
Mortgage Development Manager Banking 55,300 GIP
Mortgage Document Reviewer Banking 18,900 GIP
Mortgage Funding Manager Banking 54,200 GIP
Mortgage Operations Manager Banking 74,700 GIP
Mortgage Payment Processing Clerk Banking 16,100 GIP
Mortgage Processing Manager Banking 49,700 GIP
Mortgage Processor Banking 20,300 GIP
Mortgage Quality Assurance Auditor Banking 43,200 GIP
Mortgage Quality Assurance Manager Banking 47,600 GIP
Mortgage Servicing Clerk Banking 15,200 GIP
Mortgage Servicing Manager Banking 49,300 GIP
Mortgage Underwriter Banking 16,000 GIP
Online Banking Manager Banking 73,500 GIP
Payment Processing Clerk Banking 12,900 GIP
Personal Banker Banking 29,600 GIP
Personal Banking Advisor Banking 30,600 GIP
Phone Banker Banking 23,200 GIP
Private Banker Banking 29,200 GIP
Reconciliation and Investigation Specialist Banking 31,700 GIP
Tax Officer Banking 23,600 GIP
Teller Banking 14,300 GIP
Trade Officer Banking 18,600 GIP
Trade Product Manager Banking 50,300 GIP
Trader Banking 21,100 GIP
Treasury Operations Officer Banking 40,900 GIP

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