Average Fraud Detection Associate Salary in Palestine for 2024

In this article, we will look at the average Fraud Detection Associate salary for 2024 in Palestine 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 Egyptian pound. To keep things simple, we are using the EGP currency code instead of the currency symbol E£.

How Much Does a Fraud Detection Associate Make in Palestine?

A Fraud Detection Associate working in Palestine will typically earn around 18,260 EGP per year, and this can range from the lowest average salary of about 8,780 EGP to the highest average salary of 27,380 EGP.

Average Annual Salary
18,260 EGP
Average Monthly Salary
1,521 EGP

Lowest Annual Salary
8,780 EGP
Lowest Monthly Salary
731 EGP

Highest Annual Salary
27,380 EGP
Highest Monthly Salary
2,281 EGP

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

Fraud Detection Associate 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 Detection Associate Salaries in Palestine

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

Salary ranges

We already know that a Fraud Detection Associate can earn between 8,780 EGP and 27,380 EGP on average in Palestine. 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 Detection Associate in Palestine is 18,260 EGP. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 18,260 EGP, and 50% of the population earn more than 18,260 EGP.

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 Detection Associate salary in Palestine, 25% of the population are earning less than 12,760 EGP while 75% of the population earn more than 12,760 EGP.

75% of the population earn less than 21,020 EGP, and 25% of the population earn more than 21,020 EGP.

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 Detection Associate Salary by Experience Level in Palestine

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 detection associate 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 Detection Associate in Palestine that has less than two years of experience can expect to earn somewhere in the region of 9,460 EGP.
  • 2 - 5 Years Experience. With two to five years of experience the average Fraud Detection Associate salary would increase to 13,780 EGP.
  • 5 - 10 Years Experience. From five to ten years of experience as a Fraud Detection Associate, the average salary would be 15,920 EGP.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 21,400 EGP.
  • 15 - 20 Years Experience. A Fraud Detection Associate with 15 to 20 years of experience can earn an average of 20,760 EGP.
  • 20+ Years Experience. For a Fraud Detection Associate with more than 20 years, the expected average salary increases to 23,140 EGP.

Average Salary by Experience Chart

0-2 Years
9,460 EGP
2-5 Years +32%
13,780 EGP
5-10 Years +34%
15,920 EGP
10-15 Years +19%
21,400 EGP
15-20 Years +8%
20,760 EGP
20+ Years +7%
23,140 EGP

Fraud Detection Associate Salary by Education Level in Palestine

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 Detection Associate in Palestine 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 Detection Associate in Palestine with a bachelor's degree education can earn an average salary of 13,560 EGP.

  • Master's Degree. A Fraud Detection Associate in Palestine with a master's degree education can earn an average salary of 22,420 EGP.

Average Salary by Education Chart

Bachelor's Degree
13,560 EGP
Master's Degree +58%
22,420 EGP

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 Palestine is around 8,540 to 25,600 EGP 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 Detection Associate 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 Palestine, a male fraud detection associate will earn an average of 16,340 EGP, while a female fraud detection associate will earn around 15,760 EGP.

This means that a male fraud detection associate earns approximately 4% more than a female fraud detection associate for performing the same job.

Average Salary by Gender Chart in Palestine

Male
16,340 EGP
Female -4%
15,760 EGP

Fraud Detection Associate Average Pay Raise in Palestine

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 Detection Associate in Palestine is around 8% every 27 months.

The national average pay raise across all professions and industries in Palestine 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 = ( 8 ÷ 27 ) × 12  = 4%

What this means is that a Fraud Detection Associate in Palestine can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Palestine for 2024

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

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

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Fraud Detection Associate Bonus and Incentive Rates in Palestine

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 Detection Associate is a low bonus based job, with 37% of employees reporting at least one bonus in the last 12 months.

63% 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
37%
No Bonus
63%

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 Palestine earn approximately 2% more than private sector employees in the same role.

Public Sector
20,760 EGP
Private Sector -2%
20,300 EGP

Salaries for Jobs Similar to a Fraud Detection Associate

In the table below, we have salary information for jobs that are similar to a Fraud Detection Associate in Palestine.

Job Title Category Salary
AML Analyst Banking 29,320 EGP
Assistant Bank Branch Manager Banking 26,780 EGP
Assistant Bank Manager Banking 34,120 EGP
ATM Manager Banking 30,840 EGP
ATM Service Technician Banking 6,280 EGP
Bank Accounts Analyst Banking 9,940 EGP
Bank Accounts Collector Banking 6,200 EGP
Bank Accounts Controller Banking 17,260 EGP
Bank Accounts Executive Banking 23,380 EGP
Bank Accounts Manager Banking 26,020 EGP
Bank Auditing Manager Banking 25,440 EGP
Bank Branch Manager Banking 33,520 EGP
Bank Branch Operations Coordinator Banking 14,820 EGP
Bank Clerk Banking 6,760 EGP
Bank Client Service Associate Banking 8,560 EGP
Bank Collector Banking 6,080 EGP
Bank Compliance Specialist Banking 16,980 EGP
Bank Manager Banking 42,320 EGP
Bank Operational Risk Manager Banking 38,780 EGP
Bank Operations Head Banking 40,640 EGP
Bank Operations Officer Banking 15,300 EGP
Bank Operations Specialist Banking 25,940 EGP
Bank Process Manager Banking 24,280 EGP
Bank Product Manager Banking 28,720 EGP
Bank Programme Manager Banking 27,480 EGP
Bank Project Manager Banking 35,560 EGP
Bank Propositions Manager Banking 30,840 EGP
Bank Quantitative Analyst Banking 21,020 EGP
Bank Regional Manager Banking 46,840 EGP
Bank Regional Risk Officer Banking 24,280 EGP
Bank Relationship Manager Banking 32,960 EGP
Bank Relationship Officer Banking 12,240 EGP
Bank Teller Banking 7,620 EGP
Banker Banking 17,100 EGP
Banking Business Analyst Banking 22,420 EGP
Banking Business Development Officer Banking 12,240 EGP
Banking Business Planning Executive Banking 32,200 EGP
Banking Product Manager Banking 25,440 EGP
Banking Reference Data Manager Banking 23,660 EGP
Banking Risk Analyst Banking 20,460 EGP
Banking Technical Analyst Banking 12,200 EGP
Bankruptcy Coordinator Banking 16,400 EGP
Bill and Account Collector Banking 6,440 EGP
Budget Analyst Banking 21,560 EGP
Capital Risk Manager Banking 41,560 EGP
Cards Marketing Manager Banking 26,100 EGP
Cash Management Manager Banking 36,700 EGP
Check Processing Manager Banking 28,680 EGP
Commercial Vault Associate Banking 22,420 EGP
Corporate Banker Banking 17,100 EGP
Corporate Dealer Banking 24,840 EGP
Credit Analyst Banking 18,780 EGP
Credit and Collections Manager Banking 30,700 EGP
Credit Card Fraud Investigator Banking 23,400 EGP
Credit Portfolio Manager Banking 41,980 EGP
Credit Risk Analyst Banking 25,680 EGP
Credit Risk Associate Banking 24,800 EGP
Direct Bank Sales Representative Banking 17,620 EGP
Exchange Control Consultant Banking 24,280 EGP
Executive Account Analyst Banking 23,400 EGP
Financial Bank Planning Consultant Banking 29,320 EGP
Financial Banking Analysis Manager Banking 31,180 EGP
Financial Banking Assistant Banking 10,220 EGP
Financial Banking Systems Manager Banking 29,640 EGP
Foreign Exchange Manager Banking 32,620 EGP
Fraud Analyst Banking 23,260 EGP
Fraud Detection Manager Banking 33,520 EGP
Fraud Detection Supervisor Banking 19,020 EGP
Internal Bank Audit Manager Banking 42,320 EGP
Internal Bank Auditor Banking 21,560 EGP
Internal Private Banker Banking 14,820 EGP
International Banking Manager Banking 43,080 EGP
Investment Banking Analyst Banking 34,240 EGP
Loan Analyst Banking 21,640 EGP
Loan Area Manager Banking 26,500 EGP
Loan Audit Team Leader Banking 27,020 EGP
Loan Branch Manager Banking 23,140 EGP
Loan Business Development Officer Banking 12,620 EGP
Loan Clerk Banking 8,420 EGP
Loan Collection and Recovery Manager Banking 28,180 EGP
Loan Collection Manager Banking 24,200 EGP
Loan Collector Banking 6,200 EGP
Loan Examiner Banking 8,560 EGP
Loan Officer Banking 10,100 EGP
Loan Processing Manager Banking 24,800 EGP
Loan Processor Banking 9,460 EGP
Loan Quality Assurance Auditor Banking 20,000 EGP
Loan Quality Assurance Manager Banking 27,380 EGP
Loan Quality Assurance Representative Banking 18,260 EGP
Loan Review Manager Banking 25,220 EGP
Loan Team Leader Banking 24,840 EGP
Loans Manager Banking 30,800 EGP
Mortgage Advisor Banking 17,260 EGP
Mortgage Collection Manager Banking 23,360 EGP
Mortgage Collector Banking 7,040 EGP
Mortgage Credit Analyst Banking 13,660 EGP
Mortgage Credit Manager Banking 23,660 EGP
Mortgage Development Manager Banking 27,560 EGP
Mortgage Document Reviewer Banking 8,100 EGP
Mortgage Funding Manager Banking 28,180 EGP
Mortgage Operations Manager Banking 36,020 EGP
Mortgage Payment Processing Clerk Banking 6,440 EGP
Mortgage Processing Manager Banking 24,720 EGP
Mortgage Processor Banking 9,140 EGP
Mortgage Quality Assurance Auditor Banking 22,420 EGP
Mortgage Quality Assurance Manager Banking 26,020 EGP
Mortgage Servicing Clerk Banking 7,620 EGP
Mortgage Servicing Manager Banking 23,360 EGP
Mortgage Underwriter Banking 7,080 EGP
Online Banking Manager Banking 38,700 EGP
Payment Processing Clerk Banking 7,300 EGP
Personal Banker Banking 14,540 EGP
Personal Banking Advisor Banking 16,720 EGP
Phone Banker Banking 10,220 EGP
Private Banker Banking 17,260 EGP
Reconciliation and Investigation Specialist Banking 18,780 EGP
Tax Officer Banking 13,900 EGP
Teller Banking 6,200 EGP
Trade Officer Banking 7,240 EGP
Trade Product Manager Banking 25,720 EGP
Trader Banking 8,880 EGP
Treasury Operations Officer Banking 20,500 EGP

Salary Comparison by City

If you want to compare salaries with different cities in Palestine, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Diffah 18,780 EGP
Gazza 16,880 EGP
Jerusalim 17,100 EGP
Ramallah 12,580 EGP

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