Insurance Fraud Investigator Average Salary in Bucharest 2024
How much money does a person working as Insurance Fraud Investigator make in Bucharest?
LOW
3,890
RON AVERAGE
7,930
RON HIGH
12,400
RON
A person working as Insurance Fraud Investigator in Bucharest typically earns around 7,930 RON. Salaries range from 3,890 RON (lowest) to 12,400 RON (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Insurance Fraud Investigator salaries in Bucharest vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Insurance Fraud Investigator Pay Scale and Salaries in Bucharest
Salary Structure and Pay Scale Comparison
7,350 RON or more
6,490 to 7,350 RON
4,610 RON or less
4,610 to 6,490 RON
 3,890 RON |
7,400 RON |
12,400 RON |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Insurance Fraud Investigator in Bucharest range from 3,890 RON (starting salary) to 12,400 RON (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 7,400 RON, half of the professionals who work as Insurance Fraud Investigator in Bucharest earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Insurance Fraud Investigator in Bucharest earn less than 6,050 RON, while 75% earn more. Similarly, the chart shows that 75% earn less than 8,460 RON while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Insurance Fraud Investigator in Bucharest compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 4,610 RON to 6,490 RON. About 20% of salaries are below the 4,610 RON mark, while 10% fall within the range of 6,490 RON to 7,350 RON. Only 5% of individuals have salaries exceeding 7,350 RON.
Salary Comparison by Years of Experience / Insurance Fraud Investigator / Bucharest
How do experience and age affect pay?
| 0 - 2 Years | 4,610 RON | |
| 2 - 5 Years | +29% | 5,920 RON |
| 5 - 10 Years | +38% | 8,170 RON |
| 10 - 15 Years | +24% | 10,100 RON |
| 15 - 20 Years | +7% | 10,800 RON |
| 20+ Years | +7% | 11,600 RON |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Insurance Fraud Investigator and this is what we found.
Employees with less than two years of experience earn approximately 4,610 RON.
While someone with an experience level between two and five years is expected to earn 5,920 RON, 29% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 8,170 RON, 38% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 10,100 RON, 24% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 10,800 RON, 7% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 11,600 RON, 7% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Insurance Fraud Investigator / Bucharest
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Insurance Fraud Investigator.
| High School | 5,750 RON | |
| Certificate or Diploma | +15% | 6,600 RON |
| Bachelor's Degree | +35% | 8,890 RON |
| Master's Degree | +26% | 11,200 RON |
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Insurance Fraud Investigator in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 5,750 RON.
Level 2: Certificate or Diploma
At this level, the average salary becomes 6,600 RON, 15% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 8,890 RON, 35% more than the previous level.
Level 4: Master's Degree
At this level, the average salary becomes 11,200 RON, 26% more than the previous level.
Is a Master's degree or an MBA worth it? Should you pursue higher education?
A Master's degree program or any post-graduate program in Romania costs anywhere from 45,100 RON to 135,000 RON and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Insurance Fraud Investigator / Bucharest
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Insurance Fraud Investigator in Romania, the average difference between the salary of male and female employees is nan%.
| Male | 0 RON | |
| Female | 0 RON |
Salary Comparison By Gender in Romania for all Careers
Average Annual Salary Increment Percentage / Insurance Fraud Investigator / Bucharest
How much are annual salary increments in Bucharest for individuals working as Insurance Fraud Investigator? How often do employees get salary raises?
Individuals working as Insurance Fraud Investigator in Romania are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.
Romania / All Professions
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency
Worldwide Salary Raises: All Countries and All Jobs
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Insurance Fraud Investigator / Romania
How much and how often are bonuses being awarded?
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100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from % to % of their annual salary.
| Received Bonus | % | |
| No Bonus | 100% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs | |
| Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Average Hourly Wage / Insurance Fraud Investigator / Bucharest
46 RON per hourThe average hourly wage (pay per hour) for individuals working as Insurance Fraud Investigator in Bucharest is 46 RON.This is the rate they get paid for every worked hour.
About The Hourly Pay Rate
The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for people working as Insurance Fraud Investigator in Bucharest is 22 RON. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Insurance |  -100% | |
| Actuarial Analyst | 12,800 RON |  +61% |
| Actuarial Assistant | 8,660 RON | +9% |
| Actuarial Specialist | 9,350 RON | +18% |
| Actuary | 13,100 RON | +65% |
| Adjustment Insurance Clerk | 3,680 RON | -54% |
| Assistant Broker | 6,290 RON | -21% |
| Assistant Claims Manager | 9,930 RON | +25% |
| Associate Insurance Representative | 5,020 RON | -37% |
| Auditing Insurance Manager | 14,200 RON | +79% |
| Blockchain Insurance Auditor | 8,930 RON | +13% |
| Broker | 9,460 RON | +19% |
| Claim Advocacy Professional | 9,490 RON | +20% |
| Claims Adjuster | 3,420 RON | -57% |
| Claims Analyst | 5,100 RON | -36% |
| Claims Examiner | 4,920 RON | -38% |
| Claims Manager | 14,200 RON | +79% |
| Claims Processor | 3,600 RON | -55% |
| Claims Representative | 4,330 RON | -45% |
| Claims Resolution Specialist | 10,800 RON | +36% |
| Claims Supervisor | 9,260 RON | +17% |
| Complaints Specialist | 8,740 RON | +10% |
| Compliance Examiner | 8,610 RON | +9% |
| Compliance Officer | 7,510 RON | -5% |
| Compliance Reviewer | 9,060 RON | +14% |
| Consultant | 9,070 RON | +14% |
| Drone Claims Adjuster | 4,500 RON | -43% |
| Eligibility Interviewer | 10,600 RON | +34% |
| Eligibility Specialist | 9,980 RON | +26% |
| Insurance Account Manager | 12,300 RON | +55% |
| Insurance Accounts Executive | 10,400 RON | +31% |
| Insurance Adjuster | 8,730 RON | +10% |
| Insurance Agent | 5,520 RON | -30% |
| Insurance Analyst | 9,390 RON | +18% |
| Insurance Appraiser | 10,000 RON | +26% |
| Insurance Claims Clerk | 3,580 RON | -55% |
| Insurance Compliance Officer | 10,500 RON | +32% |
| Insurance Data Scientist | 9,110 RON | +15% |
| Insurance Examiner | 8,490 RON | +7% |
| Insurance Fraud Investigator | 7,930 RON | +0% |
| Insurance Investigator | 9,290 RON | +17% |
| Insurance Manager | 16,300 RON | +110% |
| Insurance Operations Manager | 17,100 RON | +120% |
| Insurance Policy Processing Clerk | 3,540 RON | -55% |
| Insurance Pricing Assistant | 7,950 RON | +0% |
| Insurance Product Manager | 10,800 RON | +36% |
| Insurance Program Manager | 12,700 RON | +60% |
| Insurance Project Manager | 11,600 RON | +46% |
| Insurance Quality Assurance Agent | 8,670 RON | +9% |
| Insurance Sales Agent | 5,450 RON | -31% |
| Insurance Sales Director | 15,000 RON | +89% |
| Insurance Sales Manager | 12,900 RON | +63% |
| Insurance Sales Representative | 5,080 RON | -36% |
| Insurance Team Leader | 10,600 RON | +34% |
| Insurance Underwriter | 7,030 RON | -11% |
| Insurtech Analyst | 9,010 RON | +14% |
| Loss Control Specialist | 9,520 RON | +20% |
| Loss Prevention Investigator | 9,880 RON | +25% |
| Loss Prevention Manager | 13,300 RON | +68% |
| Loss Prevention Specialist | 10,400 RON | +31% |
| Marine Underwriter | 6,940 RON | -12% |
| Medical Auditor | 9,620 RON | +21% |
| Monitoring and Performance Officer | 6,960 RON | -12% |
| Parametric Insurance Specialist | 9,470 RON | +19% |
| Payment Services Specialist | 9,530 RON | +20% |
| Peer-to-Peer Insurance Manager | 11,900 RON | +50% |
| Policy Change Director | 14,400 RON | +82% |
| Policy Change Supervisor | 10,600 RON | +34% |
| Policy Change Technician | 4,580 RON | -42% |
| Risk Analyst | 10,900 RON | +37% |
| Risk Management Director | 18,100 RON | +130% |
| Risk Management Supervisor | 12,500 RON | +58% |
| Risk Manager | 17,900 RON | +130% |
| Risk Modeling Manager | 17,200 RON | +120% |
| Social Media Risk Analyst | 9,650 RON | +22% |
| Title Insurance Typist | 8,230 RON | +4% |
| Training Manager | 11,000 RON | +39% |
| Underwriting Assistant | 4,720 RON | -40% |
Salary Comparison By City
| City | Average Salary |
| Bucharest | 7,930 RON |
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Romania is 7% on average across all career fields.
| Private Sector | 8,790 RON | |
| Public Sector | +7% | 9,420 RON |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Insurance Fraud Investigator in Bucharest?
A good and competitive compensation would range anywhere between 7,400 RON and 8,460 RON. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
Base / Basic Salary
The base salary for a careers like Insurance Fraud Investigator in Bucharest ranges from 3,890 RON to 6,050 RON. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
