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.
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.
$111230 per year
$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 states||Hourly||Annual|
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).
Recommended degree level
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.
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.
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.
|Attention to Detail|
= Hot in-demand that most employers are looking for
Pros and Cons
Here are some reasons why you should and shouldn’t choose A Loss Prevention Manager as your career.
|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|
|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
Is this job meaningful
More than 40 hours per week
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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