Loss prevention managers typically work in retail stores, restaurants and hotels. They supervise loss prevention agents, who monitor and attempt to prevent shoplifting activity. Loss prevention managers and agents will also try to prevent individuals from destroying and causing damage to the establishment's property. Confrontation with shoplifters is possible, and managers frequently have to prepare reports and collect evidence in order to work with local law enforcement agencies. Some employers may require loss prevention managers to have bachelor's degrees.
The U.S. Bureau of Labor Statistics classifies loss prevention agents and managers as private detectives and investigators. They are specifically referred to as either store or hotel detectives. As of 2010, the mean annual wage for private detectives and investigators is $47,830, according to the U.S. Bureau of Labor Statistics. The middle 50 percent earn approximately $42,870. According to Monster.com, the salary range for loss prevention managers is quite wide. It starts as low as $24,000 and could be as high as $101,200.
Loss prevention detectives and managers who make less than the national average tend to bring home between $25,750 and $32,630, according to the U.S. Bureau of Labor Statistics. This salary range falls within the 10th and 25th percentiles. While the range does not reflect the lowest possible salary, it represents the majority of loss prevention managers who make less than the middle 50 percent. Some factors that may contribute to a less-than-average salary include a lack of experience, educational background, size of the employer and geographic labor market conditions.
Loss prevention detectives and managers who earn above-average salaries tend to make between $58,130 and $74,970, according to the U.S. Bureau of Labor Statistics. Higher-than-average salaries are typically earned by those who have years of field experience. Some loss prevention managers may obtain professional certification from a professional organization, such as the National Association of Legal Investors. Certification requires that an individual have at least five years of field experience and two years of management experience. Certified professionals must also pass a national exam.
The difference in cost-of-living expenses among various geographic locations influences the salary of loss prevention managers. For example, in Los Angeles the average salary is $52,190, according to the U.S. Bureau of Labor Statistics. Loss prevention professionals working in the Chicago area make an average salary of $38,450. In the Washington area, the average salary is considerably higher at $61,700. Those near the Tampa, Florida area tend to earn an average of $42,070, according to the U.S. Bureau of Labor Statistics.
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