Average Fraud Detection Supervisor Salary in Armenia for 2024

In this article, we will look at the average Fraud Detection Supervisor salary for 2024 in Armenia 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 Armenian dram. To keep things simple, we are using the AMD currency code instead of the currency symbol ึ.

How Much Does a Fraud Detection Supervisor Make in Armenia?

A Fraud Detection Supervisor working in Armenia will typically earn around 8,638,900 AMD per year, and this can range from the lowest average salary of about 3,970,700 AMD to the highest average salary of 13,798,900 AMD.

Average Annual Salary
8,638,900 AMD
Average Monthly Salary
719,908 AMD

Lowest Annual Salary
3,970,700 AMD
Lowest Monthly Salary
330,891 AMD

Highest Annual Salary
13,798,900 AMD
Highest Monthly Salary
1,149,908 AMD

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

Fraud Detection Supervisor 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 Supervisor Salaries in Armenia

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

Salary ranges

We already know that a Fraud Detection Supervisor can earn between 3,970,700 AMD and 13,798,900 AMD on average in Armenia. 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 Supervisor in Armenia is 9,335,200 AMD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 9,335,200 AMD, and 50% of the population earn more than 9,335,200 AMD.

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 Supervisor salary in Armenia, 25% of the population are earning less than 5,989,600 AMD while 75% of the population earn more than 5,989,600 AMD.

75% of the population earn less than 12,481,200 AMD, and 25% of the population earn more than 12,481,200 AMD.

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 Supervisor Salary by Experience Level in Armenia

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 supervisor 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 Supervisor in Armenia that has less than two years of experience can expect to earn somewhere in the region of 4,510,700 AMD.
  • 2 - 5 Years Experience. With two to five years of experience the average Fraud Detection Supervisor salary would increase to 6,024,400 AMD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Fraud Detection Supervisor, the average salary would be 8,902,700 AMD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 10,861,800 AMD.
  • 15 - 20 Years Experience. A Fraud Detection Supervisor with 15 to 20 years of experience can earn an average of 11,844,700 AMD.
  • 20+ Years Experience. For a Fraud Detection Supervisor with more than 20 years, the expected average salary increases to 12,841,200 AMD.

Average Salary by Experience Chart

0-2 Years
4,510,700 AMD
2-5 Years +34%
6,024,400 AMD
5-10 Years +48%
8,902,700 AMD
10-15 Years +22%
10,861,800 AMD
15-20 Years +9%
11,844,700 AMD
20+ Years +8%
12,841,200 AMD

Fraud Detection Supervisor Salary by Education Level in Armenia

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 Supervisor in Armenia 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 Detection Supervisor in Armenia with a certificate or diploma education can earn an average salary of 5,146,100 AMD.

  • Bachelor's Degree. A Fraud Detection Supervisor in Armenia with a bachelor's degree education can earn an average salary of 8,075,200 AMD.

  • Master's Degree. A Fraud Detection Supervisor in Armenia with a master's degree education can earn an average salary of 13,561,900 AMD.

Average Salary by Education Chart

Certificate or Diploma
5,146,100 AMD
Bachelor's Degree +57%
8,075,200 AMD
Master's Degree +68%
13,561,900 AMD

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 Armenia is around 3,880,000 to 11,600,000 AMD 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 Supervisor 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 Armenia, a male fraud detection supervisor will earn an average of 9,205,400 AMD, while a female fraud detection supervisor will earn around 8,087,400 AMD.

This means that a male fraud detection supervisor earns approximately 14% more than a female fraud detection supervisor for performing the same job.

Average Salary by Gender Chart in Armenia

Male
9,205,400 AMD
Female -14%
8,087,400 AMD

Fraud Detection Supervisor Average Pay Raise in Armenia

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 Supervisor in Armenia is around 7% every 29 months.

The national average pay raise across all professions and industries in Armenia 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 = ( 7 ÷ 29 ) × 12  = 3%

What this means is that a Fraud Detection Supervisor in Armenia can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Armenia for 2024

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

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 Detection Supervisor Bonus and Incentive Rates in Armenia

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 Supervisor is a low bonus based job, with 41% of employees reporting at least one bonus in the last 12 months.

59% 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 2% to 7%.

Received Bonus
41%
No Bonus
59%

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 Armenia earn approximately 18% more than private sector employees in the same role.

Public Sector
9,863,700 AMD
Private Sector -18%
8,377,500 AMD

Salaries for Jobs Similar to a Fraud Detection Supervisor

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

Job Title Category Salary
Account Examiner Accounting and Finance 5,053,200 AMD
Account Executive Accounting and Finance 8,533,800 AMD
Accountant Accounting and Finance 6,804,900 AMD
Accounting Analyst Accounting and Finance 8,578,600 AMD
Accounting Assistant Accounting and Finance 5,388,100 AMD
Accounting Associate Accounting and Finance 5,076,600 AMD
Accounting Clerk Accounting and Finance 4,102,700 AMD
Accounting Coordinator Accounting and Finance 6,058,300 AMD
Accounting Head Accounting and Finance 13,561,900 AMD
Accounting Manager Accounting and Finance 13,798,900 AMD
Accounting Officer Accounting and Finance 5,232,400 AMD
Accounting Specialist Accounting and Finance 9,673,100 AMD
Accounting Supervisor Accounting and Finance 8,962,200 AMD
Accounting Technician Accounting and Finance 4,548,600 AMD
Accounting Unit Controller Accounting and Finance 11,809,800 AMD
Accounts Executive Accounting and Finance 8,568,100 AMD
Accounts Officer Accounting and Finance 5,111,100 AMD
Accounts Payable and Receivable Specialist Accounting and Finance 7,057,300 AMD
Accounts Payable Assistant Accounting and Finance 5,686,100 AMD
Accounts Payable Associate Accounting and Finance 6,480,800 AMD
Accounts Payable Clerk Accounting and Finance 4,895,800 AMD
Accounts Payable Manager Accounting and Finance 13,199,100 AMD
Accounts Receivable Administrator Accounting and Finance 10,128,600 AMD
Accounts Receivable Clerk Accounting and Finance 5,003,800 AMD
Accounts Receivable Financial Analyst Accounting and Finance 9,346,600 AMD
Accounts Receivable Manager Accounting and Finance 13,199,100 AMD
Accounts Receivable Team Leader Accounting and Finance 10,369,900 AMD
Assistant Accountant Accounting and Finance 5,351,400 AMD
Assistant Accounting Manager Accounting and Finance 12,841,200 AMD
Assistant Auditor Accounting and Finance 6,682,700 AMD
Assistant Corporate Controller Accounting and Finance 8,845,500 AMD
Assistant Finance Manager Accounting and Finance 14,158,800 AMD
Assistant Financial Controller Accounting and Finance 9,661,800 AMD
Audit Director Accounting and Finance 15,480,300 AMD
Audit Supervisor Accounting and Finance 11,891,900 AMD
Auditing Clerk Accounting and Finance 5,111,100 AMD
Auditing Manager Accounting and Finance 14,158,800 AMD
Billing Clerk Accounting and Finance 5,280,300 AMD
Billing Coordinator Accounting and Finance 6,371,500 AMD
Billing Specialist Accounting and Finance 6,887,700 AMD
Billing Supervisor Accounting and Finance 10,750,100 AMD
Bookkeeper Accounting and Finance 4,681,400 AMD
Bookkeeping Specialist Accounting and Finance 6,193,900 AMD
Budget Analyst Accounting and Finance 11,184,400 AMD
Budget Manager Accounting and Finance 13,561,900 AMD
Business Support Analyst Accounting and Finance 7,537,100 AMD
Capital Markets Associate Accounting and Finance 10,546,700 AMD
Cash Flow Analyst Accounting and Finance 10,032,600 AMD
Cash Management Manager Accounting and Finance 13,319,300 AMD
Cash Management Officer Accounting and Finance 7,801,800 AMD
Cashbook Clerk Accounting and Finance 4,822,700 AMD
Chartered Accountant Accounting and Finance 8,758,900 AMD
Chief Accountant Accounting and Finance 10,116,200 AMD
Collections Clerk Accounting and Finance 4,019,900 AMD
Collections Representative Accounting and Finance 6,118,800 AMD
Collections Specialist Accounting and Finance 6,696,900 AMD
Corporate Controller Accounting and Finance 11,184,400 AMD
Corporate Treasurer Accounting and Finance 12,600,600 AMD
Cost Accountant Accounting and Finance 6,768,400 AMD
Cost Accounting Manager Accounting and Finance 13,199,100 AMD
Cost Accounting Supervisor Accounting and Finance 10,450,100 AMD
Cost Analyst Accounting and Finance 10,704,700 AMD
Credit and Collection Manager Accounting and Finance 13,079,500 AMD
Credit and Collection Staff Accounting and Finance 5,146,100 AMD
Credit and Loans Officer Accounting and Finance 4,908,200 AMD
Credit Controller Accounting and Finance 9,769,700 AMD
Credit Manager Accounting and Finance 14,280,500 AMD
Debt Adviser Accounting and Finance 11,411,600 AMD
Debt Collector Accounting and Finance 5,614,600 AMD
Debtors Clerk Accounting and Finance 4,681,400 AMD
Debtors Controller Accounting and Finance 5,232,400 AMD
Deputy CFO Accounting and Finance 18,479,600 AMD
Deputy Head of Finance Accounting and Finance 18,840,100 AMD
Derivative Trader Accounting and Finance 11,173,600 AMD
Director of Finance Accounting and Finance 20,639,100 AMD
Economist Accounting and Finance 15,360,400 AMD
Equity Analyst Accounting and Finance 12,361,500 AMD
Escrow Assistant Accounting and Finance 6,193,900 AMD
Executive Accountant Accounting and Finance 7,801,800 AMD
External Auditor Accounting and Finance 9,649,800 AMD
Finance Administrator Accounting and Finance 7,655,900 AMD
Finance Analyst Accounting and Finance 11,809,800 AMD
Finance Associate Accounting and Finance 5,771,600 AMD
Finance Director Accounting and Finance 19,799,400 AMD
Finance Executive Accounting and Finance 14,639,900 AMD
Finance Licensing Clerk Accounting and Finance 4,956,800 AMD
Finance Licensing Manager Accounting and Finance 13,199,100 AMD
Finance Licensing Specialist Accounting and Finance 7,596,200 AMD
Finance Manager Accounting and Finance 18,958,500 AMD
Finance Officer Accounting and Finance 6,624,300 AMD
Finance President Accounting and Finance 19,078,500 AMD
Finance Relationship Manager Accounting and Finance 16,320,700 AMD
Finance Release Analyst Accounting and Finance 8,149,100 AMD
Finance Specialist Accounting and Finance 11,341,600 AMD
Finance Team Leader Accounting and Finance 15,118,700 AMD
Financial Accountant Accounting and Finance 7,020,500 AMD
Financial Actuary Accounting and Finance 9,886,200 AMD
Financial Administrator Accounting and Finance 11,580,300 AMD
Financial Advisor Accounting and Finance 12,600,600 AMD
Financial Analyst Accounting and Finance 12,121,000 AMD
Financial Applications Specialist Accounting and Finance 8,915,100 AMD
Financial Assistant Accounting and Finance 5,256,700 AMD
Financial Associate Accounting and Finance 5,292,500 AMD
Financial Associate Accounting and Finance 6,682,700 AMD
Financial Claims Analyst Accounting and Finance 9,372,400 AMD
Financial Claims Manager Accounting and Finance 12,481,200 AMD
Financial Claims Supervisor Accounting and Finance 11,759,800 AMD
Financial Clerk Accounting and Finance 5,017,100 AMD
Financial Commercial Analyst Accounting and Finance 10,069,800 AMD
Financial Compliance Analyst Accounting and Finance 10,510,100 AMD
Financial Consultant Accounting and Finance 9,205,400 AMD
Financial Controller Accounting and Finance 10,488,300 AMD
Financial Controller Accounting and Finance 11,221,100 AMD
Financial Coordinator Accounting and Finance 6,289,900 AMD
Financial Customer Service Manager Accounting and Finance 12,721,300 AMD
Financial Dealer and Broker Accounting and Finance 7,211,600 AMD
Financial Director Accounting and Finance 20,400,600 AMD
Financial Encoder Accounting and Finance 5,975,000 AMD
Financial Manager Accounting and Finance 18,001,100 AMD
Financial Manager Accounting and Finance 19,558,300 AMD
Financial Operations Manager Accounting and Finance 17,278,100 AMD
Financial Policy Analyst Accounting and Finance 10,391,200 AMD
Financial Project Manager Accounting and Finance 13,679,300 AMD
Financial Quantitative Analyst Accounting and Finance 11,411,600 AMD
Financial Reporting Consultant Accounting and Finance 9,874,200 AMD
Financial Reporting Manager Accounting and Finance 12,841,200 AMD
Financial Section Head Accounting and Finance 12,361,500 AMD
Financial Services Manager Accounting and Finance 17,879,000 AMD
Financial Services Sales Agent Accounting and Finance 7,488,800 AMD
Fixed Assets Administrator Accounting and Finance 7,045,600 AMD
Forensic Accountant Accounting and Finance 8,242,900 AMD
Fraud Prevention Manager Accounting and Finance 14,400,800 AMD
Fund Accountant Accounting and Finance 6,203,500 AMD
Grants Coordinator Accounting and Finance 5,221,800 AMD
Group Financial Manager Accounting and Finance 19,678,200 AMD
Internal Auditor Accounting and Finance 9,311,400 AMD
Internal Control Adviser Accounting and Finance 11,028,500 AMD
Internal Control Officer Accounting and Finance 6,179,700 AMD
International Tax Director Accounting and Finance 16,198,300 AMD
Inventory Accountant Accounting and Finance 7,224,700 AMD
Investment Advisor Accounting and Finance 17,519,700 AMD
Investment Analyst Accounting and Finance 13,079,500 AMD
Investment Associate Accounting and Finance 10,849,200 AMD
Investment Broker Accounting and Finance 11,267,200 AMD
Investment Fund Manager Accounting and Finance 14,639,900 AMD
Investment Operations Manager Accounting and Finance 15,118,700 AMD
Investment Underwriter Accounting and Finance 5,614,600 AMD
Investor Accounting and Finance 8,689,800 AMD
Investor Relations Manager Accounting and Finance 13,679,300 AMD
KYC Team Leader Accounting and Finance 13,561,900 AMD
Loan Processor Accounting and Finance 5,784,200 AMD
Management Accountant Accounting and Finance 7,393,200 AMD
Management Economist Accounting and Finance 15,838,200 AMD
Paymaster Accounting and Finance 5,628,400 AMD
Payroll Administrator Accounting and Finance 9,322,700 AMD
Payroll Benefits Coordinator Accounting and Finance 7,199,500 AMD
Payroll Billing Manager Accounting and Finance 11,998,600 AMD
Payroll Clerk Accounting and Finance 5,639,700 AMD
Payroll Manager Accounting and Finance 11,974,500 AMD
Payroll Officer Accounting and Finance 5,806,300 AMD
Payroll Specialist Accounting and Finance 7,007,800 AMD
Payroll Supervisor Accounting and Finance 8,448,800 AMD
Pensions Administrator Accounting and Finance 7,199,500 AMD
Personal Financial Advisor Accounting and Finance 9,599,200 AMD
Pricing Analyst Accounting and Finance 10,861,800 AMD
Private Equity Analyst Accounting and Finance 11,699,900 AMD
Project Accountant Accounting and Finance 7,477,100 AMD
Proposal Development Coordinator Accounting and Finance 6,048,900 AMD
Receivables Accountant Accounting and Finance 6,335,800 AMD
Regulatory Accountant Accounting and Finance 7,369,700 AMD
Retirement Plan Analyst Accounting and Finance 11,184,400 AMD
Revenue Management Specialist Accounting and Finance 11,748,300 AMD
Revenue Recognition Analyst Accounting and Finance 12,121,000 AMD
Risk Management Director Accounting and Finance 16,679,800 AMD
Risk Management Supervisor Accounting and Finance 13,798,900 AMD
Staff Accountant Accounting and Finance 6,179,700 AMD
Tax Accountant Accounting and Finance 6,648,800 AMD
Tax Administrator Accounting and Finance 7,369,700 AMD
Tax Advisor Accounting and Finance 10,510,100 AMD
Tax Analyst Accounting and Finance 10,630,600 AMD
Tax Associate Accounting and Finance 6,035,400 AMD
Tax Consultant Accounting and Finance 11,184,400 AMD
Tax Director Accounting and Finance 16,439,200 AMD
Tax Examiner Accounting and Finance 7,246,500 AMD
Tax Manager Accounting and Finance 14,400,800 AMD
Tax Research Manager Accounting and Finance 13,199,100 AMD
Teller Accounting and Finance 3,898,100 AMD
Treasury Accountant Accounting and Finance 7,081,500 AMD
Treasury Analyst Accounting and Finance 11,290,900 AMD
Underwriter Accounting and Finance 4,654,300 AMD
Underwriting Assistant Accounting and Finance 4,429,300 AMD
Vice President of Finance Accounting and Finance 19,200,400 AMD

Salary Comparison by City

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

City Average Salary
Yerevan 10,662,550 AMD

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