The cyber security analyst profession has become applicable and more critical as society relies on digital means. Among the most important aspects of this position, it’s possible to note the cyber security analyst pay. Its growth rate is high as its specialization is requested; thus, it has a correspondent salary level.
In this article, we will discuss the factors that determine the cyber security analyst salary, indigenous differences, skills necessary in this profession and unborn expectations, so you’ll know everything about working as a cyber security analyst.
Defining The Profession Of A Cyber Security Analyst
Cyber security analysts will be responsible for making sure that an organization or company’s computer network and its communication technology are protected from threats which may endanger them.
It’ll include things similar to security event watching, the application of defence measures, and threats to cyberspace. Since this is a susceptible job, the cyber security analyst salary that one receives is quite reasonable and portrays the significance of protecting essential details.
Challenges That Affect The Cyber Security Analyst Salary
Cyber security analyst’ salary is influenced by numerous factors such as their experience, education and certifications they hold, geographical area they’re working in and the firm they work for. It’s now about time that we take a near look at these significant components;
1. Experience Level
This means that the more years of experience one has, the further pay one is likely to receive because the cyber security analyst’s salary is a form of fixed pay that is adjusted based on experience. This is the case because, just like other careers, new inferior analysts join the career ladder, and they’re paid less than senior analysts.
But when they’re accumulating some working experience they can make a fair amount of money. An educated cyber security analyst will thus be paid many times further than a newcomer to the cyber security profession.
- Entry-Level Of Cyber Security Analyst Salary: The salary paid to a cyber security analyst, particularly for entry-level jobs, will vary between 50,000 to 70,000 annually. That is so due to the testing of different strategies in varying industries, sizes and locations of these companies.
- Mid-Level Of Cyber Security Analyst Salary: Staff analysts who have been in the industry for 3- 5 years are likely to receive between 70000 –$ 90000. According to the responsibilities and challenges that come with the job, they’re promoted and hence paid further to handle projects that come with the promotions.
- Senior-Level Of Cyber Security Analyst Salary: Cyber security senior with five years experience and above salary may go from 90000$ to 120000$ or further depending on the type of company and their speciality.
2. Educational Background
The salary that cyber security analysts earn is also determined by the number of years in school as well. In the same field, utmost workers hold a BSC in computer science and information technology though some jobs demand specialized training or certification. Advanced education might imply that one starts at an advanced salary in a given position than the other.
- Bachelor’s Degree: Cyber security analysts require a bachelor’s degree in cyber security or any affiliated field to have a good ground of what they are supposed to handle. The great news is that numerous employers present a charming introductory pay scale to applicants with this level of education.
- Master’s Degree: Even those with a master’s degree in cyber/ information security can earn still much further than those with a Baccalaureate degree. So, considering the fact that the cyber security analyst needs to hold an advanced degree, its salary begins from 80000 and above.
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3. Certifications
Specialization is another applicable factor that defines the impact on the AS salary, as access to the certification for the cyber security analysis is obligatory. Professional certifications are recognized in the field and define the potential of the candidate. They also demonstrate that the candidate is updating the gardens to new threats that are in like manner as advanced patient threats.
- Certified Information Systems Security Professional( CISSP): CISSP is one of the most recognized certifications in the sphere, and its acquisition can result in a rise in cyber security analyst salary.
- Certified Ethical Hacker( CEH): CEH certification helps IT professionals learn how to find weaknesses from the hackers’ standpoint; analysts with CEH certification have competitive salaries that are more advanced than the average level.
- CompTIA Security Plus: This is the introductory certification that confirms introductory security competencies and is usually obligatory for a cyber security job. It can also increase the cyber security analyst’s salary, given that it’s one of the certifications that one can hold.
4. Location
The working location of a particular person determines the pay structure of a cyber security analyst. It’s also essential to consider factors such as the cost of living, the demand for cyberspace professionals, and other aspects of the profitable surroundings.
- United States: This is so because cities in the United States, similar to San Francisco, New York and Washington, D.C., tend to pay advanced salaries because of high demand for personnel in the cyber security field and high living standards. Therefore, the expectation of earning 80-$ 120 per annum in the cities as a cyber security analyst coupled with other benefits can be expected.
- United Kingdom: Working in the United Kingdom, remuneration for cyber security analysts is between£ 35000 and£ 60000, with increased remunerations in excess of£ 80000 in London.
- Australia: Cyber security specialists in Australia have an average salary range of AUD 80,000 to AUD 120,000, which is much advanced in Sydney and Melbourne.
- India: The cyber security analyst pay scale, according to PayScale, is INR 5- 12 Lakhs per annum in India, although specialists earn further when working in Bengaluru, Mumbai and other large cities.
Employment Prospects And The Future Cyber Security Analysts
It’s predicted that in the following years, there will be an increased demand for cyber security analysts. It becomes self-apparent that the growing demand for good specialists is a prerequisite for the further development of digital business as a lesser number of organizations adopt digital models of their activity and become more vulnerable to cyber threats. This increased demand directly translates to the fact that companies are willing to offer more money and salaries to stylish cyber security analysts.
The industry reports show that the employment of cyber security analysts is expected to expand at a rate of 31 within the 2020 to 2030 period, which is way above the average employment rate for all occupations. This growth will necessitate more raises in the cyber security analyst salary due to shortages of people with similar skills in the job market.
Average Cyber Security Analyst Salary Compared To Different Sectors
As suggested earlier, cyber security analyst may also differ from that of the industry. Some organizations, similar to firms which operate within the cash, health and government fields, have gone further to offer better salaries for the reason that they handle precious data.
- Finance: The bulk of cyber security analyst salary work in the fiscal industry, and the compensation they receive can be among the loftiest in this industry. It’s known that rather numerous cyber security analysts could make between 90k- 150k depending on the sector at hand, and in this case, it was finance.
- Healthcare: Due to the use of information technology in storing and sharing patient data, data security is paramount in this sector. Salaries are usually advanced in the healthcare industry, and analysts are paid about$ 80, 000 to$ 120, 000.
- Government: The companies that employ most cyber security analysts are government institutions, both civil and state. Although pay for people working in government organizations might be slightly lower than that of their counterparts in private organizations, pay is relatively competitive. It ranges from 70,000 to 110,000, depending on the position offered and area of work.
Conclusion:
The cyber security analyst salary is complex due to various aspects such as experience, education, certifications, the geographical site of the organization, and the type of firm. Since cyber threats keep on arising, more people will be needed in this industry to meet the demand, hence increasing the probability of even advanced salaries in the coming years. No matter whether you’re a beginner or a professional, the cyber security analyst salary demonstrates good earnings and quite a good outlook in the present developing world of cyberspace.
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