Average Fraud and Forensic Specialist Salary in Åland Islands for 2024

In this article, we will look at the average Fraud and Forensic Specialist salary for 2024 in Åland 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 Euro. To keep things simple, we are using the EUR currency code instead of the currency symbol €.

How Much Does a Fraud and Forensic Specialist Make in Åland Islands?

A Fraud and Forensic Specialist working in Åland Islands will typically earn around 48,560 EUR per year, and this can range from the lowest average salary of about 20,760 EUR to the highest average salary of 79,360 EUR.

Average Annual Salary
48,560 EUR
Average Monthly Salary
4,046 EUR

Lowest Annual Salary
20,760 EUR
Lowest Monthly Salary
1,730 EUR

Highest Annual Salary
79,360 EUR
Highest Monthly Salary
6,613 EUR

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

Fraud and Forensic Specialist 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 and Forensic Specialist Salaries in Åland Islands

So we've looked at the average salaries a Fraud and Forensic Specialist will earn in Åland Islands. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Fraud and Forensic Specialist can earn between 20,760 EUR and 79,360 EUR on average in Åland 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 Fraud and Forensic Specialist in Åland Islands is 51,800 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 51,800 EUR, and 50% of the population earn more than 51,800 EUR.

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 and Forensic Specialist salary in Åland Islands, 25% of the population are earning less than 34,540 EUR while 75% of the population earn more than 34,540 EUR.

75% of the population earn less than 69,260 EUR, and 25% of the population earn more than 69,260 EUR.

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 and Forensic Specialist Salary by Experience Level in Åland 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 fraud and forensic specialist 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 and Forensic Specialist in Åland Islands that has less than two years of experience can expect to earn somewhere in the region of 24,860 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Fraud and Forensic Specialist salary would increase to 34,480 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Fraud and Forensic Specialist, the average salary would be 49,200 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 60,840 EUR.
  • 15 - 20 Years Experience. A Fraud and Forensic Specialist with 15 to 20 years of experience can earn an average of 66,260 EUR.
  • 20+ Years Experience. For a Fraud and Forensic Specialist with more than 20 years, the expected average salary increases to 72,380 EUR.

Average Salary by Experience Chart

0-2 Years
24,860 EUR
2-5 Years +34%
34,480 EUR
5-10 Years +48%
49,200 EUR
10-15 Years +22%
60,840 EUR
15-20 Years +9%
66,260 EUR
20+ Years +8%
72,380 EUR

Fraud and Forensic Specialist Salary by Education Level in Åland 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 Fraud and Forensic Specialist in Åland Islands based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Certificate or Diploma. A Fraud and Forensic Specialist in Åland Islands with a certificate or diploma education can earn an average salary of 27,560 EUR.

  • Bachelor's Degree. A Fraud and Forensic Specialist in Åland Islands with a bachelor's degree education can earn an average salary of 45,620 EUR.

  • Master's Degree. A Fraud and Forensic Specialist in Åland Islands with a master's degree education can earn an average salary of 75,980 EUR.

Average Salary by Education Chart

Certificate or Diploma
27,560 EUR
Bachelor's Degree +57%
45,620 EUR
Master's Degree +68%
75,980 EUR

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 Åland Islands is around 18,200 to 54,600 EUR 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 and Forensic Specialist 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 Åland Islands, a male fraud and forensic specialist will earn an average of 53,660 EUR, while a female fraud and forensic specialist will earn around 44,540 EUR.

This means that a male fraud and forensic specialist earns approximately 20% more than a female fraud and forensic specialist for performing the same job.

Average Salary by Gender Chart in Åland Islands

Male
53,660 EUR
Female -20%
44,540 EUR

Fraud and Forensic Specialist Average Pay Raise in Åland 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 Fraud and Forensic Specialist in Åland Islands is around 6% every 31 months.

The national average pay raise across all professions and industries in Åland Islands 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 = ( 6 ÷ 31 ) × 12  = 2%

What this means is that a Fraud and Forensic Specialist in Åland Islands can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Åland Islands for 2024

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

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 and Forensic Specialist Bonus and Incentive Rates in Åland 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 Fraud and Forensic Specialist is a low bonus based job, with 17% of employees reporting at least one bonus in the last 12 months.

83% 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 0% to 4%.

Received Bonus
17%
No Bonus
83%

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 Åland Islands earn approximately 17% more than private sector employees in the same role.

Public Sector
47,120 EUR
Private Sector -17%
40,240 EUR

Salaries for Jobs Similar to a Fraud and Forensic Specialist

In the table below, we have salary information for jobs that are similar to a Fraud and Forensic Specialist in Åland Islands.

Job Title Category Salary
Accreditation Coordinator Law Enforcement / Security / Fire 36,700 EUR
Accreditation Manager Law Enforcement / Security / Fire 53,860 EUR
Advocate Law Enforcement / Security / Fire 33,980 EUR
Armed Security Officer Law Enforcement / Security / Fire 34,480 EUR
Company Guard Law Enforcement / Security / Fire 14,820 EUR
Control Room Operator Law Enforcement / Security / Fire 14,660 EUR
Correctional Officer Law Enforcement / Security / Fire 23,260 EUR
Criminal Investigator Law Enforcement / Security / Fire 48,560 EUR
Facility Monitor Law Enforcement / Security / Fire 27,020 EUR
Fire Chief Law Enforcement / Security / Fire 48,160 EUR
Fire Dispatcher Law Enforcement / Security / Fire 24,820 EUR
Fire Education Specialist Law Enforcement / Security / Fire 39,420 EUR
Fire Extinguisher Technician Law Enforcement / Security / Fire 15,760 EUR
Fire Fighter Law Enforcement / Security / Fire 26,500 EUR
Fire Inspector Law Enforcement / Security / Fire 49,700 EUR
Fire Investigator Law Enforcement / Security / Fire 48,920 EUR
Fire Prevention Engineer Law Enforcement / Security / Fire 40,240 EUR
Fire Prevention Officer Law Enforcement / Security / Fire 34,980 EUR
Fire Protection Specialist Law Enforcement / Security / Fire 39,560 EUR
Forensic Investigator Law Enforcement / Security / Fire 45,060 EUR
Forensic Science Technician Law Enforcement / Security / Fire 43,760 EUR
Fraud Examiner Law Enforcement / Security / Fire 49,200 EUR
Grants Specialist Law Enforcement / Security / Fire 59,000 EUR
Intellectual Property Associate Law Enforcement / Security / Fire 42,320 EUR
Intelligence Research Specialist Law Enforcement / Security / Fire 68,400 EUR
Investigator Law Enforcement / Security / Fire 49,020 EUR
Jail Officer Law Enforcement / Security / Fire 19,980 EUR
Juvenile Probation Officer Law Enforcement / Security / Fire 32,420 EUR
Juvenile Supervision Officer Law Enforcement / Security / Fire 34,540 EUR
Lock-Smith Law Enforcement / Security / Fire 12,580 EUR
Parole Officer Law Enforcement / Security / Fire 23,500 EUR
Police Captain Law Enforcement / Security / Fire 55,020 EUR
Police Communications Officer Law Enforcement / Security / Fire 31,040 EUR
Police Officer Law Enforcement / Security / Fire 25,160 EUR
Police Patrol Officer Law Enforcement / Security / Fire 24,820 EUR
Prison Officer Law Enforcement / Security / Fire 19,480 EUR
Prisoner Custody Officer Law Enforcement / Security / Fire 16,720 EUR
Private Detective / Investigator Law Enforcement / Security / Fire 48,820 EUR
Security Adviser Law Enforcement / Security / Fire 47,180 EUR
Security Guard Law Enforcement / Security / Fire 13,900 EUR
Security Management Specialist Law Enforcement / Security / Fire 66,100 EUR
Security Manager Law Enforcement / Security / Fire 65,800 EUR
Security Officer Law Enforcement / Security / Fire 17,100 EUR
Security Supervisor Law Enforcement / Security / Fire 38,140 EUR
Security Systems Installer Law Enforcement / Security / Fire 37,620 EUR
Security Technician Law Enforcement / Security / Fire 15,760 EUR
Surveillance Operator Law Enforcement / Security / Fire 20,300 EUR
Traffic Controller Law Enforcement / Security / Fire 25,720 EUR

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