Fraud Detection Manager Average Salary in Madrid 2024
How much money does a person working as Fraud Detection Manager make in Madrid?
LOW
2,710
EUR AVERAGE
5,020
EUR HIGH
7,590
EUR
A person working as Fraud Detection Manager in Madrid typically earns around 5,020 EUR. Salaries range from 2,710 EUR (lowest) to 7,590 EUR (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Fraud Detection Manager salaries in Madrid vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Fraud Detection Manager Pay Scale and Salaries in Madrid
Salary Structure and Pay Scale Comparison
4,480 EUR or more
4,010 to 4,480 EUR
2,980 EUR or less
2,980 to 4,010 EUR
 2,710 EUR |
4,490 EUR |
7,590 EUR |
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 Fraud Detection Manager in Madrid range from 2,710 EUR (starting salary) to 7,590 EUR (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 4,490 EUR, half of the professionals who work as Fraud Detection Manager in Madrid 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 Fraud Detection Manager in Madrid earn less than 3,760 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 5,070 EUR 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 Fraud Detection Manager in Madrid compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 2,980 EUR to 4,010 EUR. About 20% of salaries are below the 2,980 EUR mark, while 10% fall within the range of 4,010 EUR to 4,480 EUR. Only 5% of individuals have salaries exceeding 4,480 EUR.
Salary Comparison by Years of Experience / Fraud Detection Manager / Madrid
How do experience and age affect pay?
| 0 - 2 Years | 3,150 EUR | |
| 2 - 5 Years | +26% | 3,980 EUR |
| 5 - 10 Years | +32% | 5,250 EUR |
| 10 - 15 Years | +18% | 6,170 EUR |
| 15 - 20 Years | +11% | 6,830 EUR |
| 20+ Years | +6% | 7,270 EUR |
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 Fraud Detection Manager and this is what we found.
Employees with less than two years of experience earn approximately 3,150 EUR.
While someone with an experience level between two and five years is expected to earn 3,980 EUR, 26% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 5,250 EUR, 32% 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 6,170 EUR, 18% 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 6,830 EUR, 11% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 7,270 EUR, 6% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Fraud Detection Manager / Madrid
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Fraud Detection Manager.
| Bachelor's Degree | 4,080 EUR | |
| Master's Degree | +53% | 6,220 EUR |
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 Fraud Detection Manager in order to make a comparison.
Level 1: Bachelor's Degree
Employees at this education level have an average salary of 4,080 EUR.
Level 2: Master's Degree
At this level, the average salary becomes 6,220 EUR, 53% 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 Spain costs anywhere from 13,600 EUR to 40,900 EUR 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 / Fraud Detection Manager / Madrid
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 Fraud Detection Manager in Spain, the average difference between the salary of male and female employees is 5%.
| Male | 4,650 EUR | |
| Female | -5% | 4,410 EUR |
Salary Comparison By Gender in Spain for all Careers
Average Annual Salary Increment Percentage / Fraud Detection Manager / Madrid
How much are annual salary increments in Madrid for individuals working as Fraud Detection Manager? How often do employees get salary raises?
Individuals working as Fraud Detection Manager in Spain 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 17 months.
Spain / 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 / Fraud Detection Manager / Spain
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 / Fraud Detection Manager / Madrid
29 EUR per hourThe average hourly wage (pay per hour) for individuals working as Fraud Detection Manager in Madrid is 29 EUR.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 Fraud Detection Manager in Madrid is 16 EUR. 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 |
| Banking |  -100% | |
| AML Analyst | 4,900 EUR | -2% |
| Assistant Bank Branch Manager | 4,100 EUR | -18% |
| Assistant Bank Manager | 5,320 EUR |  +6% |
| ATM Manager | 4,380 EUR | -13% |
| ATM Service Technician | 1,460 EUR | -71% |
| Bank Accounts Analyst | 1,960 EUR | -61% |
| Bank Accounts Collector | 1,300 EUR | -74% |
| Bank Accounts Controller | 2,420 EUR | -52% |
| Bank Accounts Executive | 3,370 EUR | -33% |
| Bank Accounts Manager | 4,130 EUR | -18% |
| Bank Auditing Manager | 4,050 EUR | -19% |
| Bank Branch Manager | 5,680 EUR | +13% |
| Bank Branch Operations Coordinator | 2,470 EUR | -51% |
| Bank Clerk | 1,240 EUR | -75% |
| Bank Client Service Associate | 1,700 EUR | -66% |
| Bank Collector | 1,240 EUR | -75% |
| Bank Compliance Specialist | 2,910 EUR | -42% |
| Bank Manager | 6,110 EUR | +22% |
| Bank Operational Risk Manager | 6,470 EUR | +29% |
| Bank Operations Head | 6,660 EUR | +33% |
| Bank Operations Officer | 2,590 EUR | -48% |
| Bank Operations Specialist | 4,170 EUR | -17% |
| Bank Process Manager | 3,770 EUR | -25% |
| Bank Product Manager | 4,190 EUR | -17% |
| Bank Programme Manager | 4,450 EUR | -11% |
| Bank Project Manager | 5,240 EUR | +4% |
| Bank Propositions Manager | 4,580 EUR | -9% |
| Bank Quantitative Analyst | 3,430 EUR | -32% |
| Bank Regional Manager | 6,270 EUR | +25% |
| Bank Regional Risk Officer | 3,260 EUR | -35% |
| Bank Relationship Manager | 4,980 EUR | -1% |
| Bank Relationship Officer | 2,280 EUR | -55% |
| Bank Sustainability Analyst | 3,620 EUR | -28% |
| Bank Teller | 1,290 EUR | -74% |
| Banker | 2,400 EUR | -52% |
| Banking Business Analyst | 3,430 EUR | -32% |
| Banking Business Development Officer | 2,250 EUR | -55% |
| Banking Business Planning Executive | 4,860 EUR | -3% |
| Banking Data Analyst | 3,970 EUR | -21% |
| Banking Product Manager | 4,320 EUR | -14% |
| Banking Reference Data Manager | 3,620 EUR | -28% |
| Banking Regulatory Compliance Officer | 3,930 EUR | -22% |
| Banking Risk Analyst | 3,260 EUR | -35% |
| Banking Technical Analyst | 1,850 EUR | -63% |
| Bankruptcy Coordinator | 2,490 EUR | -50% |
| Bill and Account Collector | 1,300 EUR | -74% |
| Blockchain Analyst | 2,820 EUR | -44% |
| Blockchain Architect | 3,470 EUR | -31% |
| Blockchain Auditor | 3,000 EUR | -40% |
| Blockchain Compliance Analyst | 2,990 EUR | -40% |
| Blockchain Consultant | 3,340 EUR | -34% |
| Blockchain Trade Facilitator | 2,740 EUR | -45% |
| Budget Analyst | 3,310 EUR | -34% |
| Capital Risk Manager | 6,390 EUR | +27% |
| Cards Marketing Manager | 4,320 EUR | -14% |
| Cash Management Manager | 5,690 EUR | +13% |
| Check Processing Manager | 4,120 EUR | -18% |
| Chief Blockchain Officer | 3,690 EUR | -27% |
| Commercial Vault Associate | 3,180 EUR | -37% |
| Corporate Banker | 2,480 EUR | -51% |
| Corporate Dealer | 3,590 EUR | -29% |
| Credit Analyst | 2,560 EUR | -49% |
| Credit and Collections Manager | 4,590 EUR | -9% |
| Credit Card Fraud Investigator | 3,460 EUR | -31% |
| Credit Portfolio Manager | 6,390 EUR | +27% |
| Credit Risk Analyst | 3,650 EUR | -27% |
| Credit Risk Associate | 3,620 EUR | -28% |
| Cryptocurrency Accountant | 2,330 EUR | -54% |
| Cryptocurrency Adviser | 4,170 EUR | -17% |
| Cryptocurrency Analyst | 3,080 EUR | -39% |
| Cryptocurrency Compliance Manager | 4,030 EUR | -20% |
| Cryptocurrency Trader | 3,520 EUR | -30% |
| Digital Banking Manager | 4,290 EUR | -15% |
| Digital Currency Analyst | 3,320 EUR | -34% |
| Direct Bank Sales Representative | 2,360 EUR | -53% |
| Exchange Control Consultant | 3,670 EUR | -27% |
| Executive Account Analyst | 3,210 EUR | -36% |
| Financial Bank Planning Consultant | 4,090 EUR | -19% |
| Financial Banking Analysis Manager | 4,830 EUR | -4% |
| Financial Banking Assistant | 1,660 EUR | -67% |
| Financial Banking Systems Manager | 4,650 EUR | -7% |
| Foreign Exchange Manager | 4,800 EUR | -4% |
| Fraud Analyst | 3,620 EUR | -28% |
| Fraud Detection Associate | 2,410 EUR | -52% |
| Fraud Detection Manager | 5,020 EUR | -0% |
| Fraud Detection Supervisor | 3,060 EUR | -39% |
| Internal Bank Audit Manager | 5,740 EUR | +14% |
| Internal Bank Auditor | 3,370 EUR | -33% |
| Internal Private Banker | 2,590 EUR | -48% |
| International Banking Manager | 6,650 EUR | +32% |
| Investment Banking Analyst | 4,590 EUR | -9% |
| Loan Analyst | 3,480 EUR | -31% |
| Loan Area Manager | 3,950 EUR | -21% |
| Loan Audit Team Leader | 3,710 EUR | -26% |
| Loan Branch Manager | 3,930 EUR | -22% |
| Loan Business Development Officer | 2,160 EUR | -57% |
| Loan Clerk | 1,310 EUR | -74% |
| Loan Collection and Recovery Manager | 4,050 EUR | -19% |
| Loan Collection Manager | 4,180 EUR | -17% |
| Loan Collector | 1,230 EUR | -76% |
| Loan Examiner | 1,670 EUR | -67% |
| Loan Officer | 1,470 EUR | -71% |
| Loan Processing Manager | 3,660 EUR | -27% |
| Loan Processor | 1,610 EUR | -68% |
| Loan Quality Assurance Auditor | 3,570 EUR | -29% |
| Loan Quality Assurance Manager | 3,820 EUR | -24% |
| Loan Quality Assurance Representative | 2,540 EUR | -49% |
| Loan Review Manager | 3,970 EUR | -21% |
| Loan Team Leader | 3,460 EUR | -31% |
| Loans Manager | 4,580 EUR | -9% |
| Mortgage Advisor | 2,370 EUR | -53% |
| Mortgage Collection Manager | 4,110 EUR | -18% |
| Mortgage Collector | 1,280 EUR | -75% |
| Mortgage Credit Analyst | 1,870 EUR | -63% |
| Mortgage Credit Manager | 3,930 EUR | -22% |
| Mortgage Development Manager | 4,330 EUR | -14% |
| Mortgage Document Reviewer | 1,570 EUR | -69% |
| Mortgage Funding Manager | 4,520 EUR | -10% |
| Mortgage Operations Manager | 5,590 EUR | +11% |
| Mortgage Payment Processing Clerk | 1,500 EUR | -70% |
| Mortgage Processing Manager | 3,900 EUR | -22% |
| Mortgage Processor | 1,620 EUR | -68% |
| Mortgage Quality Assurance Auditor | 3,400 EUR | -32% |
| Mortgage Quality Assurance Manager | 3,740 EUR | -26% |
| Mortgage Servicing Clerk | 1,390 EUR | -72% |
| Mortgage Servicing Manager | 3,770 EUR | -25% |
| Mortgage Underwriter | 1,640 EUR | -67% |
| Online Banking Manager | 5,490 EUR | +9% |
| Open Banking Strategist | 3,480 EUR | -31% |
| Payment Processing Clerk | 1,380 EUR | -73% |
| Personal Banker | 2,500 EUR | -50% |
| Personal Banking Advisor | 2,440 EUR | -51% |
| Phone Banker | 1,670 EUR | -67% |
| Private Banker | 2,500 EUR | -50% |
| Reconciliation and Investigation Specialist | 2,950 EUR | -41% |
| Tax Officer | 2,190 EUR | -56% |
| Teller | 1,300 EUR | -74% |
| Trade Officer | 1,590 EUR | -68% |
| Trade Product Manager | 3,990 EUR | -21% |
| Trader | 1,750 EUR | -65% |
| Treasury Operations Officer | 3,090 EUR | -38% |
| Wealth Management Advisor | 4,990 EUR | -1% |
Salary Comparison By City
| City | Average Salary |
| Barcelona | 5,300 EUR |
| Madrid | 5,020 EUR |
| Palma de Mallorca | 4,400 EUR |
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 Spain is 5% on average across all career fields.
| Private Sector | 2,660 EUR | |
| Public Sector | +5% | 2,780 EUR |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Fraud Detection Manager in Madrid?
A good and competitive compensation would range anywhere between 4,490 EUR and 5,070 EUR. 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 Fraud Detection Manager in Madrid ranges from 2,710 EUR to 3,760 EUR. 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
