Loss Prevention Managers


Overview

Loss Prevention Managers

Introduction

Loss prevention managers make sure that companies' systems and programs are operating safely and correctly to protect its assets. Their work entails identifying potential risks and developing strategies to increase control over these risks. They also conduct investigations when such violations as internal theft or shoplifting occur. Many loss prevention managers work for large retail corporations.

Quick Facts


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Median Salary

$72,485

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Employment Prospects

Good

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Minimum Education Level

Bachelor's Degree


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Experience

Four or more years experience


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Skills

Business Management


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Personality Traits

Conventional

Earnings

The median annual salary for regional retail loss prevention managers employed in December 2019 was $85,199, as reported by Salary.com. Salaries ranged from $72,485 to $111,785 or more. The cities that pay the highest salaries to loss prevention managers include San Francisco, New York, Indianapolis, Nashville, and Chicago.

The Department of Labor does not have data for loss prevention m...

Work Environment

Loss prevention managers work in offices in corporate settings. They work full time, usually 40 or more hours per week. They work independently as well as on teams with other loss prevention professionals, managers, and law enforcement professionals. They may spend some time traveling to sites to conduct audits and interview employees. The job can be stressful at times, particularly when dealin...

Outlook

The field of loss prevention is closely tied to the economy. As the economy strengthens, more companies will need loss prevention specialists to help them reduce theft and protect their assets. Loss prevention specialists who work in retail sectors will continue to have good employment opportunities in the next few years. According to a report by the National Retail Federation, the U.S. retail ...

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