Despite the increasing press in regards to cyber security threats, salaries have largely failed to replicate the advances in the industry over the last couple of years. That may be about to change however. Recent studies have found that roles in cyber security are starting to include higher remuneration packages. Especially for those with senior positions. With salary being a significant motivator for moving jobs, this should result in more applications in the field. This could prove invaluable, with a skills shortage being well documented in the industry.
Salaries dependent on experience
As is the case in almost all industries, salaries often go hand in hand with levels of experience. That is clearly evident within cyber security; working your way up the seniority ladder will result in gradually higher salaries. An Analyst or Associate with 1-3 years’ experience can expect a salary of between £28,000 and £40,000. Becoming a Manager, which is usually only possible after 7-12 years’ experience, should get you anywhere from £60,000 and £75,000.
A Director title can earn you between £120,000 and £170,000 a year, despite only requiring a similar amount of experience as a Manager. Becoming a Global Head / CISO can earn you as much as £450,000 a year, but you can expect a minimum of £175,000. However, such a title requires at least 12 years’ experience, with some requiring 20+ years in the industry to justify such a pay rate.
Specialist areas have seen an increase
There have been salary increases within cyber security over the last couple of years, but they have largely centred around specialist areas. Security Architects have seen large rises in salaries, going from around £90,000 two years ago, to up to £110,000 now. Furthermore, Penetration Testers and Check Team Leaders have benefited from increases, with those working with these titles often commanding salaries of £100,000+. As mentioned earlier, there is a skills shortage within cyber security currently, and there are even fewer specialists within these areas, making such individuals hugely desirable.
Many companies have realised the importance of cyber security over recent months, as well as their current lack of expertise in the area. Consequently, the number of vacancies advertised has, and will continue to rise during 2018, and candidates can take advantage of that. An increased emphasis placed on such skills and knowledge should see more salaries rising over the coming months. There has never been a better time to enter the industry. By doing so, you can expect a healthy salary too.