Current:Home > MyFinLogic FinLogic Quantitative Think Tank Center|What does it take to be an armored truck guard? -CapitalCourse
FinLogic FinLogic Quantitative Think Tank Center|What does it take to be an armored truck guard?
Poinbank View
Date:2025-04-09 00:04:21
As dramatic video showed last week, armored truck guards like the pair who were robbed at gunpoint in Los Angeles have a potentially high-risk job. But how much does it pay?
On Saturday, a group of suspects made off with nearly $30,000 contained in two money bags just after the Brinks truck had made a cash pickup, according to the Los Angeles Police Department. Armored vehicles of this sort are highly secure and hard to break into, according to experts. Their exteriors are typically bulletproof and they lock automatically.
"Their purpose is to be high-profile to signal that they're protected," Fred Khoroushi, president of Virginia-based armored vehicle manufacturer Alpine Armoring, told CBS MoneyWatch.
As a result, most armored vehicle thefts are so-called inside jobs, according to industry experts.
"In the U.S., nearly all thefts are an inside job. Normally they know about it, the routes, the drop-offs, the vehicle itself, what the weaknesses are. It's rare that you actually get attacked by a completely outside, unrelated outfit," Khoroushi added.
"They don't get paid a lot"
Financial institutions, jewelry stores and other companies use armored trucks to transport cash and other valuables from from one point to another.
But the vehicles are only as secure as the guards in charge of them, and can be vulnerable if they're coerced into giving a criminal access. In the U.S., "basically anybody" can be a guard, according to Eugene Gerstein, managing partner at Inkas, a defense firm with an armored vehicle arm.
"They are just people carrying heavy bags and boxes with money and their job is protecting. They don't get paid a lot," he said.
Job listings for armored vehicle guards on Indeed.com generally offer $18 to $20 an hour, or up to $47,700 a year for salaried roles. Duties include transporting cash and other valuables, as well as servicing ATMs. Generally speaking, job requirements include holding a valid firearm permit, armed guard license and driver's license. Typically, no college degree is required.
A posting for armored car guards and drivers at Ferrari Express in Lawrence, New York, requires that applicants be familiar with "safety protocols and security procedures, such as understanding the exact processes behind unloading vehicles and training against robbery."
Responsibilities include driving armored vehicles and keeping them secure, delivering client assets, and unloading parcels. The requirements: a valid driver's license, armored car guard or security guard license, and firearms permit. Additionally, candidates must people able to lift and pull heavy cargo. The job pays between $19 and $20 an hour, according to the posting.
"It's pretty fun job that exposes you to quite a bit of risk and occupational hazards," Gerstein said. "It's a lot of heavy lifting and then you drive for hours, and you can get robbed."
veryGood! (7)
Related
- Tom Holland's New Venture Revealed
- The Biden administration recruits 15 states to help enforce airline consumer laws
- Man gets 4 death sentences for kidnapping, rape and murder of 5-year-old Georgia girl
- Jelly Roll sued by Pennsylvania wedding band Jellyroll over trademark
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Another record for New Jersey internet gambling revenue as in-person winnings struggle
- Arkansas lawmakers question governor’s staff about purchase of $19,000 lectern cited by audit
- Supreme Court won’t hear election denier Mike Lindell’s challenge over FBI seizure of cellphone
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Uncracking Taylor Swift’s Joe Alwyn Easter Egg at the Tortured Poets Department Event
Ranking
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- The 2024 Range Rover Velar P400 looks so hot, the rest almost doesn’t matter
- Ariana Grande’s Grandma Marjorie “Nonna” Grande Just Broke This Record
- Supreme Court allows Idaho to enforce ban on gender-affirming care for nearly all transgender minors for now
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Barbie craze extends to summer grilling with Heinz Classic Barbiecue Sauce
- Mark Cuban shares his 9-figure tax bill on IRS due day
- Gayle King and Charles Barkley end 'King Charles' CNN talk show run after 6 months
Recommendation
Former Danish minister for Greenland discusses Trump's push to acquire island
How one Chicago teacher is working to help Black kids break into baseball
Affidavit: Daughter’s boyfriend of whom Atlantic City Mayor disapproved recorded abuse in video call
Jelly Roll sued by Pennsylvania wedding band Jellyroll over trademark
Where will Elmo go? HBO moves away from 'Sesame Street'
Alabama Barker Shuts Down “Delusional” Speculation About Her Appearance
Barbie craze extends to summer grilling with Heinz Classic Barbiecue Sauce
Black market marijuana tied to Chinese criminal networks infiltrates Maine