Loss prevention managers are employed by establishments, such as retail stores or casinos, that find it profitable to invest in preventing loss of revenue. Their job is to come up with methods to minimize theft and make sure the loss of merchandise is at the lowest possible level.
As a loss prevention manager, you will have to make sure customers and employees are safe, taking into consideration the layout of the store and previous cases of theft or loss. You will test alarm systems, arrange video surveillance, and tackle burglaries or other incidents. You will install security measures and hire and train security personnel as you see fit.
To become a loss prevention manager, you might be promoted from an entry-level security position. You can get a degree or attend a trade school that offers training in loss prevention. Many employers provide on the job training as well, and there are several certification programs available to acquire necessary management training and insight into the industry you choose to work for.
There is more than meets the eye when it comes to being a Loss Prevention Manager. For example, did you know that they make an average of $30.42 an hour? That's $63,276 a year!
Between 2018 and 2028, the career is expected to grow 6% and produce 150,600 job opportunities across the U.S.
There are certain skills that many Loss Prevention Managers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed Leadership skills, Management skills and Problem-solving skills.
If you're interested in becoming a Loss Prevention Manager, one of the first things to consider is how much education you need. We've determined that 50.0% of Loss Prevention Managers have a bachelor's degree. In terms of higher education levels, we found that 5.6% of Loss Prevention Managers have master's degrees. Even though most Loss Prevention Managers have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a Loss Prevention Manager. When we researched the most common majors for a Loss Prevention Manager, we found that they most commonly earn Bachelor's Degree degrees or Associate Degree degrees. Other degrees that we often see on Loss Prevention Manager resumes include High School Diploma degrees or Master's Degree degrees.
You may find that experience in other jobs will help you become a Loss Prevention Manager. In fact, many Loss Prevention Manager jobs require experience in a role such as Loss Prevention Agent. Meanwhile, many Loss Prevention Managers also have previous career experience in roles such as Security Officer or Loss Prevention Specialist.