Best Salaries of Cyber Security Professionals, Globally and in India
The Cyber Security industry has become one of the fastest-growing industries of the 21st century. Rising involvement of Cyber Security within organizations of all sizes is the most significant reason for its increasing demand.
India as a nation has been vulnerable to Cyber Security threats and attacks for many years. IT industry in India has experienced a seamless growth in recent years respective to the growth of digital utilization in different industrial processes. Accumulation of data at different places has led to frequent cyberattacks throughout the country.
With an outstanding growth rate, Cyber Security has emerged as a magnificent career field with a plethora of career opportunities, probably the best of the decade. As per the data of the Bureau of Labor Statistics, there is an increase of about 75% in Cyber Security job postings. Apart from that, there are lots of other things indicating a consistent growth of Cyber Security professionals in terms of the number of opportunities and high pay scales. Network Security Engineer and penetration tester are the most sought and highest-paid job roles in the Cyber Security industry.
An increased number of initiatives for a digitized future has paced the significance of Cyber industry in a country like India and made it an industry worth a multi-billion revenue per year. The industry is excepted to reach $35 billion by 2030. As per the reports of KPMG, a multinational professional services network organization, more than 51% of the professionals claim Cyber Security threats as the second most severe risk to organizations’ growth.
Several reports have stated that the Cyber Security industry faces an immense lack of competent professionals. As per NASSCOM’s last year’s observations, it has been stated that India may require not less than a million Cyber Security professionals by the year 2020. Alongside, Indeed, one of the most recognized employment portals has reported a possible increase of 150% in Cyber Security jobs from January 2017 to March 2018.
A few reports have suggested a significant rise of 6.3% in the average salary of security professionals of different designations or job responsibilities between the years 2015 and 2016;
- Data Security Analyst: 7.1%
- Systems Security Administrator: 6.1%
- Network Security Administrator: 5.3%
- Network Security Engineer: 6.7%
- Information Systems Security Manager: 6.2%
The highest-earning Cyber Security professionals in 2017 were possessing below designations and per annum salaries;
- Chief Security Officers, earning between $145,000 and $248,000
- Data security analysts, who earned between $102,000 and $171,500
- Systems security administrators who earned between $92,750 and $156,00
- Network security administrators who earned between $92,000 and $155,000
In mentions of 2018 Robert Half Technology & IT Salary Guide, Cyber Security professionals are the most facilitated professionals in terms of job security, pay scales, scope, incentives and flexibility of work.
The average salary of a security professional in India was estimated 4,98,000 per annum (varying) and there was 9% more hike than any other domain of the IT industry. Freshers were getting an average salary of ₹7 lacs per annum, where security professionals with more than 2–6 years of experiences were being paid between ₹20- ₹24 lacs.
This increased need for Cyber Security things has led to an increased demand for skilled Cyber Security professionals. Most of such organizations prefer a candidate who would have pursued a Cyber Security Certification and possesses a good knowledge of fundamentals of Cyber Security. Experts of this field have indicated a skill gap in the industry causing a demand-supply gap of emerging talent in this vast industry. Career seekers can pursue Cyber Security certification like the Information Security Certified Professional (ISCP) to experience a vibrant career.
