Careers

Best Paying Loss Prevention Jobs

Updated on February 26, 2024
Author Frank Gogol
Written by
Frank Gogol
Author Frank Gogol
Written by
Frank Gogol

I’m a firm believer that information is the key to financial freedom. On the Stilt Blog, I write about the complex topics — like finance, immigration, and technology — to help immigrants make the most of their lives in the U.S. Our content and brand have been featured in Forbes, TechCrunch, VentureBeat, and more.

See all posts Frank Gogol

Loss prevention is a crucial sector within various industries, aimed at minimizing unnecessary losses and maximizing security. This field offers a range of career paths with competitive salaries and responsibilities tailored to safeguarding assets. Here’s an overview of the top-paying jobs in loss prevention, including job titles, average salaries, descriptions, and educational requirements where applicable.

Risk Manager

  • Average Salary: The salary can vary widely depending on the specific industry and level of responsibility.
  • Job Description: Risk Managers are responsible for identifying and analyzing potential risks that could lead to losses for a business. This includes assessing operational and production costs to forecast return on investment and implementing policies to mitigate identified risks.
  • Responsibilities: Analyzing potential risks, computing costs, and implementing risk prevention policies.
  • Required Education: Typically requires a bachelor’s degree in finance, business, or a related field, along with relevant experience in risk management.

Security Engineer

  • Average Salary: Salaries vary based on experience, qualifications, and the specific sector of employment.
  • Job Description: Security Engineers manage a company’s digital security systems, ensuring the integrity and protection of data and networks.
  • Responsibilities: Setting up and maintaining firewalls, monitoring networks for security breaches, and developing countermeasures against potential threats.
  • Required Education: Generally requires a degree in computer science, cybersecurity, or a related field, along with experience in IT security.

Actuary

  • Average Salary: Actuaries’ salaries depend on their qualifications, experience, and the industry they work in.
  • Job Description: Actuaries analyze financial risks and develop strategies to manage these risks, often for insurance companies or in finance.
  • Responsibilities: Analyzing financial reports, managing financial risks, and advising on risk management strategies.
  • Required Education: Requires a bachelor’s degree in actuarial science, mathematics, or a related field, and passing a series of professional exams.

Security Guard

  • Average Salary: Compensation can vary significantly based on location, employer, and the specific duties involved.
  • Job Description: Security Guards are responsible for patrolling and monitoring properties to prevent and respond to security breaches and safety hazards.
  • Responsibilities: Patrolling properties, checking visitor identification, and monitoring security cameras.
  • Required Education: Often requires a high school diploma, with additional training provided on the job.

Asset Protection Associate

  • Average Salary: Salaries vary widely depending on the employer and the specific responsibilities of the role.
  • Job Description: Asset Protection Associates work to prevent losses due to theft or damage, conducting regular inspections and investigations as necessary.
  • Responsibilities: Performing asset inspections, investigating losses, and recording missing assets.
  • Required Education: Typically requires a high school diploma or equivalent, with specialized training in loss prevention.

Loss Prevention Manager

  • Average Salary: $65,950 as of 2024​​.
  • Job Description: Loss Prevention Managers oversee company security and safety procedures, updating and improving them to protect assets effectively.
  • Responsibilities: Reviewing safety and security procedures, analyzing asset data, and implementing policies to minimize losses.
  • Required Education: Usually requires a bachelor’s degree in criminal justice, business, or a related field, along with experience in loss prevention or asset protection.

Final Thoughts

Pursuing a career in loss prevention can be both rewarding and lucrative, offering a variety of roles suited to different interests and skill sets. Whether your expertise lies in analyzing financial risks or managing digital security systems, the field of loss prevention provides ample opportunities for professional growth and development.

Other Jobs in Diverse and Miscellaneous Opportunities

Sources

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Author Frank Gogol

Frank Gogol

I’m a firm believer that information is the key to financial freedom. On the Stilt Blog, I write about the complex topics — like finance, immigration, and technology — to help immigrants make the most of their lives in the U.S. Our content and brand have been featured in Forbes, TechCrunch, VentureBeat, and more.
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