Asset Protection Specialist Salary in Maryland

Annual Median: $48,050
Hourly Median: $23.1

Data sourced from Career One Stop, provided by the BLS Occupational Employment and Wage Statistics wage estimates.

Annual and Hourly Asset Protection Specialist undefined, Maryland Salary Table:

Data sourced from Career One Stop, provided by the BLS Occupational Employment and Wage Statistics wage estimates.
PercentileAnnual SalaryHourly Wage
10th$27,560$13.25
25th$30,220$14.53
Median$48,050$23.1
75th$76,530$36.79
90th$94,740$45.55

Best Schools to become a Asset Protection Specialist in Maryland 2024

University of Maryland Global Campus

Adelphi, MD

In-State Tuition:$7,488
Out-of-State Tuition:$11,976
Admission Rate:N/A
Graduation Rate:19%
Total Enrollment:55,838

Bowie State University

Bowie, MD

In-State Tuition:$5,874
Out-of-State Tuition:$16,666
Admission Rate:87%
Graduation Rate:40%
Total Enrollment:6,275

Frostburg State University

Frostburg, MD

In-State Tuition:$6,974
Out-of-State Tuition:$21,854
Admission Rate:88%
Graduation Rate:49%
Total Enrollment:4,067

Coppin State University

Baltimore, MD

In-State Tuition:$4,836
Out-of-State Tuition:$11,492
Admission Rate:45%
Graduation Rate:24%
Total Enrollment:2,006

University of Baltimore

Baltimore, MD

In-State Tuition:$7,296
Out-of-State Tuition:$20,746
Admission Rate:89%
Graduation Rate:33%
Total Enrollment:3,288

Hood College

Frederick, MD

In-State Tuition:$43,800
Out-of-State Tuition:$43,800
Admission Rate:78%
Graduation Rate:61%
Total Enrollment:2,056

Asset Protection Specialist Salary in Maryland FAQs

  • What factors influence the salary of an Asset Protection Specialist in Maryland?
    Several factors can influence your salary as an Asset Protection Specialist in Maryland, including your level of education, years of experience, certifications obtained, and the specific industry in which you work. Companies in retail, finance, or security services may offer different salary ranges based on their unique needs and the complexity of their operations.

  • Is there a demand for Asset Protection Specialists in Maryland?
    Yes, the demand for Asset Protection Specialists in Maryland is typically high due to the state's diverse economic landscape and business environment. Retailers, financial institutions, and large corporations often seek professionals to mitigate risks and protect their assets, which contributes to steady job opportunities in this field.

  • What skills can enhance my earning potential as an Asset Protection Specialist?
    To enhance your earning potential, focus on developing skills such as risk assessment, loss prevention strategies, surveillance techniques, and crisis management. Additionally, strong communication skills and the ability to analyze data can make you a more valuable asset to potential employers. Professional certifications such as Certified Protection Professional (CPP) or Loss Prevention Certified (LPC) can also provide a competitive edge.

  • How does experience affect the salary of an Asset Protection Specialist?
    Generally, your experience level plays a significant role in determining your salary. Entry-level positions may command lower compensation, while those with several years of experience or advanced roles such as a Senior Asset Protection Specialist or Manager can expect higher salaries. As you gain experience, you are likely to take on more responsibilities, which can lead to increased earning potential.

  • Are there opportunities for advancement in the field of asset protection?
    Yes, there are many opportunities for advancement within the field of asset protection. With experience and the right qualifications, you can progress to higher-level positions such as Asset Protection Manager, Regional Loss Prevention Manager, or even Director of Risk Management. Continuous education and networking can further enhance your career trajectory.

  • What types of employers often hire Asset Protection Specialists?
    Asset Protection Specialists are commonly employed by various types of organizations, including retail stores, e-commerce companies, banks, and insurance firms. Additionally, private security firms and consulting agencies that specialize in risk management may also seek qualified professionals in this field.

  • Can certifications impact my salary as an Asset Protection Specialist?
    Yes, obtaining relevant certifications can positively impact your salary. Certifications demonstrate a commitment to the profession and validate your expertise in asset protection strategies. Holding certifications such as the Certified Protection Professional (CPP) or Loss Prevention Certified (LPC) can potentially lead to higher compensation and better job prospects.

  • How does location within Maryland affect salary for this position?
    Salary for Asset Protection Specialists can vary significantly within Maryland based on location. Urban areas, such as Baltimore and Silver Spring, may offer higher salaries due to the cost of living and greater concentration of businesses. Conversely, rural areas may present lower salary ranges, but they can also offer unique opportunities in different sectors.

  • What is the typical work environment for an Asset Protection Specialist?
    Asset Protection Specialists typically work in retail environments, corporate offices, and sometimes off-site locations for surveillance or investigations. The work often involves both field and office duties, including monitoring surveillance systems, conducting audits, and collaborating with law enforcement, which may require flexibility in hours and a variety of working conditions.