Cyber Security Analyst Salary Guide

Due to the tremendous growth in digital technologies, everything, including people, businesses, communities, and institutions, seems to connect seamlessly. As everything moves online, so has the sensitive data of individuals and corporations. As more and more things get digitalized, and companies have started using cloud computing, no wonder their vulnerabilities have also increased. This has made cyber security a priority issue and led to an upswing in the requirement for skilled cyber security analysts.

With the increased demand for skilled cyber security analysts, you should go for this position as it offers lucrative pay. The national average cyber security analyst salary is $77,336 to $82,508. Go for IT Security courses to enhance your skillset and increase your package.

Who is a Cyber Security Analyst?

The main responsibility of a cyber security analyst is to protect a company's systems and network from several threats. This involves working around evolving IT trends, analyzing suspicious activity, developing backup plans, disclosing security breaches, and training the rest of the organization on security precautions.

Cyber security analyst duties are threat protection measures and implementing security controls. They might even need to simulate security attacks to recognize any potential weaknesses within the organization. Cyber security professionals must be up-to-date with the several advancements in digital equipment because they are always utilizing new tactics and technologies.

Cyber Security Analyst Salary in 2023

With the advent of the internet and its increasing popularity, the field of cyber security is projected to continue to rise in India. Although there is currently a labor shortage in the industry, an entry-level cyber security analyst salary is more than those in most computer fields. Cyber security has become an ongoing worry for all businesses due to the rising internet use and online behaviors in all areas of life.

A cyber security attack can be devastating for any company. It does much more than just impact the bottom lines. It destroys the business’s reputation and the trust its clients and customers may have placed in it. Increased cyber security breaches have led to a growing demand for jobs, evident in these experts' salary trends.

Cyber Security Analyst Salary: Based on Experience

Better stability, performance, and competencies are correlated with more experienced candidates. As an alternative, entry-level pay for cyber security analysts is more competitive. Let us examine several career stages and the associated pay:

Beginner

You fall into this category if your experience is under a year. The starting salary for a junior cyber security analyst salary is approximately $4,895.

Intermediate

A cyber security analyst salary of five to nine years of expertise can earn about $110,137 per year.

Advanced

For obvious reasons, the senior cyber security analyst compensation is the highest. A senior cyber security analyst salary can range from $183,562 annually at this level.

Cyber Security Analyst Salary: Based on Location 

The location where a cyber security analyst works significantly impacts their income. Cybersecurity professionals receive much greater remuneration in some countries than in others.

Location	Avg. Salary
India Bengaluru Chennai Delhi	$6,608 $6,118 $5,506
US Nevada Utah Oregon	$94,512 $71,948 $74,000
UK London Birmingham Manchester	£46,428 £33,758 £32,951
Australia Sydney Melbourne Brisbane	$125,000 $134,000 $140,000
Canada Toronto Montreal Vancouver	$71,408 $81,335 $69,146
Singapore Jurong East Yishun Butik Batok	SGD 56,400 SGD 80,235 SGD 53,928

Factors Affecting Cyber Security Analyst Salary 

Several factors may affect cyber security engineer salaries in India. Let us look at some major compensation influencing factors:

Location

The employment of cybersecurity experts is predicted to grow by 33% between 2020 and 2030, which is far faster than the average for all occupations. Because there are so many job openings and the average pay for these roles is so high, Washington, D.C., is the best place to work in cybersecurity, according to the survey.

The country with the most job openings for cybersecurity experts is Singapore, while the country with the highest cyber security analyst salary is Luxembourg.

Industry

Like other professionals, cyber security analysts will receive a higher salary if they work for a large firm. This is because the top banks and other organizations deal with sensitive data and must thus hire the best cyber security expert to prevent data theft. In contrast, those who work for smaller or midsize businesses typically earn a lesser salary.

Experience

Your experience level can significantly affect how much money you make in many different businesses. This is especially true in cybersecurity, where practical experience is just as valuable to businesses as education, if not more so.

Based on compensation information from the employment website PayScale, here is a look at how your average base wage (US) can change as you gain more experience.

Demand and Supply

In contrast to the national average, the BLS predicts that the employment of cybersecurity analysts will increase by 35 % between 2021 and 2031. According to the World Economic Forum's 2020 Future of Jobs study, information security analysts are among the top ten job specialties growing in demand across industries.

Certifications

Keeping up with the most recent advancements on the other side of the equation, i.e., the cyber-attack side is just as crucial as being updated with cyber safety problems. Malicious attempts to access computer networks and systems, like malware and Denial-of-Service (DoS) attacks, are continually evolving. Information security analysts must be capable of handling these novel versions and variants.

Pursuing certifications is one of the best methods for information system analysts to stay current with the ever-evolving landscape of cybersecurity. To further enhance an aspirant's skill set and key capabilities, some businesses demand that job aspirants, and even current workers, hold specific technological certifications.

Certain certificates, like Certified Information Systems Security Professional (CISSP), demonstrate a general understanding of information security. However, specialist certificates also show that a professional has a more in-depth understanding of a cybersecurity topic. For instance, a Certified Reverse Engineering Analyst certification emphasizes malware analysis capabilities. In contrast, an ethical hacking certification shows the ability to hack ethically into a network's security system to find vulnerabilities. You should know how much Ethical Hacking certification costs before enrolling in a comprehensive course about cyber security.

Skills

In a sector like cyber security, which deals with increasing cyber-attacks, one must focus heavily on their skill sets and regularly upskill them. Having the proper set of skills is crucial because there is a significant labor shortage in the sector.

One must initially concentrate on the skills that are in demand and can lead to a cyber security analyst salary entry level. The compensation of cyber security engineers in India will increase due to their improved understanding of the working environment and ability to upskill by both their own needs and those of the sector.

According to statistics, understanding IT security and infrastructure, security protocols and event management, vulnerability analysis, security risk management, etc., are currently the most valuable skills in the cyber security field. With the aforementioned skill sets, one can easily obtain a cyber security job compensation above the market average.

How to Improve Cyber Security Analyst Salary?

The following are the points to improve IBM cyber security analyst salary:

Skills

These are some of the main skills that you can work on to improve your Jr cyber security analyst salary:

Malware Analysis: Malware analysis determines a suspicious file or URL's behavior and intent.

VAPT: Vulnerability Assessment and Penetration Testing (VAPT) are security services that detect network flaws.

Mobile App PenTesting: This technique examines mobile software, operating systems, and applications for security flaws using manual or automated methods.

Splunk: Use Splunk, a security information and event management (SIEM) tool, to identify threats and take appropriate action.

Identity Management: Identity management guarantees that only individuals with the proper permissions can access information and technological resources.

Network PenTesting: This technique analyzes the network's security by purposefully employing various hostile techniques. It identifies security flaws in applications and systems.

Network Support: Be familiar with the best procedures for maintaining the functionality and safety of a company's computer network.

Digital Forensics: The field of forensic science known as "digital forensics" is concerned with finding, obtaining, processing, analyzing, and reporting information on electronically stored data.

Vendor Management: Recognize how organizations can defend against intrusions from external vendors' networks.

Cryptography: The study of secure communication methods, such as encryption, that allow only the sender and the intended recipient to access a message's contents is known as cryptography.

Ethical Hacking: A legal attempt to acquire unauthorized access to a computer system, application, or data is known as ethical hacking.

Certifications

For improving both beginner and senior cyber security analyst salary, there are several certifications available: 

• With a Certified Ethical Hacker certification, you can apply your understanding of hacking to enhance an organization's security. This certification proves that you can scan target systems for flaws and vulnerabilities as a malevolent hacker would. Still, you do so legally and properly to evaluate the security of businesses. 
• The CISA training class is also beneficial for learning skills needed for being a cyber security specialist.  
• The CISM course online can also help you acquire the skills needed to enhance data security of your organization.  
• The International Information Systems Security Certification Consortium developed the Certified Information Systems Security Professional as a globally recognized information security credential (ISC). It certifies your proficiency in using internationally recognized information security standards in creating, constructing, and maintaining a secure company environment. 

Degrees

The majority of jobs for information security analysts require a Bachelor's degree in a field connected to computers or technology. These undergraduate degrees can be tied to programs aimed at the security aspects of the computer world, like a Bachelor of Science in Cybersecurity, or they can come from generalized programs like computer science or programming. 

A degree like a Bachelor of Science in Management Information Systems may be pursued by those who desire to go deeper into computer-based security as undergraduate students. This kind of education can assist students in using their expanding knowledge of computer security in company management, which goes beyond simply identifying bugs or viruses or learning the most recent computer security procedures.

A Bachelor of Science in Management Information Systems program aims to equip students with the knowledge and skills necessary to effectively plan, create, implement, and manage a company's computer security within the constraints of a typical contemporary organization. The curriculum gives candidates current knowledge on various IT-related systems and advancements, subjecting them to knowledge applied by professionals now employed in the sector.

Students who get a Master’s degree can also be prepared to address other important computer-related problems thanks to their enhanced knowledge and skill set. For instance, the degree program can assist an information security analyst in developing, evaluating, and implementing a data disaster recovery strategy. Data transfer to an off-site location, system restarts, and disaster recovery efforts are just a few of the tasks that may be required.

Experience

Even though a degree may make individuals stand out in the job market, it is advised that job seekers add experience to their resumes. Although some employers could accept skills obtained in a computer-related sector, an intermediate-level security analyst post typically requires many years of experience in information security. This on-the-job training proves to prospective employers that candidates can use their knowledge in practical settings, increasing the likelihood that they will hire the candidate.

A significant portion of on-the-job and the best CISSP exam prep is concentrated on keeping current with rapidly emerging technologies and techniques in cybersecurity, as is the case with most careers in the technology sector. Modern firewall systems and novel incident response tactics are two of these advancements. Information security analysts can obtain real experience and be one step ahead of malicious attacks by being aware of these advancements.

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Why are Cybersecurity Analysts Paid So Much?  

Why is there a lack of cybersecurity experts in the world? Engineers with cyber security certification were noted as the highest-paid and most sought-after IT positions in 2022. Additionally, a poll reveals that the pay for a cyber security job is roughly 16% greater than for a comparable, non-security IT employment.

The great demand for qualified security personnel is reflected in these remarkable wages. Burning Glass Technologies reports that the number of security job posts has increased three times more quickly than the entire number of IT roles. 

Conclusion

Nowadays, everyone must protect their systems from attacks, whether the government, the general public, or private businesses. There are plenty of options available, so all you have to do is maintain your relevance. Keep an optimistic outlook, skill yourself, and be aware of industry changes. You can refer to the best CCSP classes on KnowledgeHut's cybersecurity courses for additional information about skills and expenses for ethical hacking certification.