Loss Prevention Managers: Salary, Job Description, How To Be One and More

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Loss Prevention Managers jobs information
pros and cons of being a Loss Prevention Manager

Loss Prevention Managers

Other names for this job might include Area Loss Prevention Manager, Associate Vice President, Director-Loss Prevention, District Loss Prevention Manager, Logistics Loss Prevention Manager, Loss Prevention Manager, Loss Prevention Officer, Loss Prevention Operations Manager, Loss Prevention Specialist, Loss Prevention Supervisor


  • $111230
    Salary
  • 75%
    Job satisfaction
  • Quite Hard
    Becoming one
  • Low
    Job growth
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Loss Prevention Managers: Know It All In 1 Minute


In this career summary, you will find out what the job of A Loss Prevention Manager is about and what it is like.

After reading this, you will have a good idea on what the job is about and decide if this is the right career for you.



Job description

Loss Prevention Managers plan and direct policies, procedures, or systems to prevent the loss of assets. Determine risk exposure or potential liability, and develop risk control measures.

  • Administer systems and programs to reduce loss, maintain inventory control, or increase safety.
  • Identify potential for loss and develop strategies to eliminate it.
  • Perform or direct inventory investigations in response to shrink results outside of acceptable ranges.
  • Coordinate or conduct internal investigations of problems such as employee theft and violations of corporate loss prevention policies.

Read more about what does A Loss Prevention Manager really do at work and what is it like being and working as one.


Become one

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Salary

Average salary
$111230 per year

Hourly wage
$53.47 an hour


Loss Prevention Managers with little to no experience tend to make between $53850 and $76530 while the more experienced ones make over $135930 per year.

Top 5 paying statesHourlyAnnual
DE$64.55$134260
DC$64.54$134230
NJ$63.45$131970
CA$63.05$131140
CO$60.58$126010

1 of the easiest ways to increase your salary as A Loss Prevention Manager is to move to a higher paying state like DE. Right now, the highest paying states for Loss Prevention Managers are DE, DC, NJ, CA and CO.

However a higher pay at DE doesn’t guarantee that you will make more because the living expenses at DE might be 2x higher than where you are currently at now.

3 other factors that can increase your salary as A Loss Prevention Manager is the degree you hold, the industry you work in and lastly the company you work for (bigger companies like the Fortune 500 companies tend to pay more).

Find out how much do successful Loss Prevention Managers make and if their salary is high when compared to all the other careers.


Requirements

Recommended degree level
Bachelor’s Degree

We asked other Loss Prevention Managers what degree they had when they got the job and most of them said they had a Bachelors degree followed by Some college courses.

Other than that we also asked them what did they major in and here are the most popular majors that came up.

Natural Resource Recreation and Tourism
Digital Communication and Media/Multimedia
Information Technology Project Management
Library and Information Science
Archives/Archival Administration

Another popular question from our readers is what makes A Loss Prevention Manager successful or would they be good in this career.

Well, we found that most successful Loss Prevention Managers have these 5 skillsets.

Reading Comprehension
Active Listening
Speaking
Critical Thinking
Monitoring

In addition to that, 1 common characteristic among successful Loss Prevention Managers is they are good at Integrity. Here are the top 5 common characteristics.

Integrity
Dependability
Attention to Detail
Cooperation
Self Control
= Hot in-demand that most employers are looking for

Read more about what it really takes to become A Loss Prevention Manager and the degree, training and education you need


Pros and Cons

Here are some reasons why you should and shouldn’t choose A Loss Prevention Manager as your career.

PROS
Suitable for people who likes to start and carry out projects
Suitable for people who values achievements and are resultsoriented
This career is perfect for people who love to work indoors.
One of the highest paid careers in the world
CONS
Not suitable for people who likes to work with designs
It is hard to get into this career. A considerable amount of workrelated skill, knowledge, or experience is required for this career.
Long working hours (More than 40 hours per week)


There will be pros and cons for all jobs. The point is how much do the pros outweigh the cons to you.

A pro to you might be a con to Bob. A pro to Bob might be a con to you. We suggest reading about this career framework that can help you to find out what type of careers are right for you.



What is the job like

Job satisfaction
75%

Is this job meaningful
62%


Working hours
More than 40 hours per week

Working schedule
Regular (Set schedule and routine)


On a normal working week Loss Prevention Managers work More than 40 hours per week.

75% of Loss Prevention Managers said they were satisfied with their job and 62% said they feel like their job is making other people’s lives better.



Is this right for me

Best personality for this career
The Persuaders and The Organizers


You can read more about these career personality types here.

People who are suitable for this job tends to like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business.

They also like following set procedures and routines. They like working with data and details more than with ideas.



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Additional resources

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Loss Prevention Managers
Written by: Stanley Tan
Loss Prevention Managers plan and direct policies, procedures, or systems to prevent the loss of assets. Determine risk exposure or potential liability, and develop risk control measures.
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