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Cyber Security Salary in 2024 [Freshers to Experienced]

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06th May, 2024
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    Cyber Security Salary in 2024 [Freshers to Experienced]

    It is a known fact that many cybersecurity roles pay more than other tech jobs. Cyber Security salary differs from role to role. Cybersecurity is a boosting industry and with the growth seen in this domain, skilled professionals are required to fill in for entry-level, mid-level, and advanced-level jobs. Cybersecurity jobs are much in demand and this is going to rise further by 18% in the coming five years.

    If you want a career in cybersecurity and make your mark, you need to arm yourself with specific certifications, information, and an awareness of the field's context. In this post, you can take a quick look at the cybersecurity job market, necessary qualifications, and cyber security wage. 10-year growth projection for cyber security roles increased 10.34%, from 29% in the period of 2018 through 2028, to 32% for the period 2020 through 2030 (Source: cybersecurityeducation). Also, get prepared and earn yourself Cyber Security courses certification.

    What is the Average Cyber Security Salary?

    While understanding cyber security salary per hour for an entry-level, it is also important to understand the type of work, such as part-time, full-time, or freelancing, skills, certificates, etc., the cyber security analyst has. Doing an additional Ethical Hacking course can give you an upper hand. Here is a cyber security average salary:

    Per Year$122,150
    Per Hour$58.73

    Average Salary of Cyber Security
    Talent.com

    Cyber Security Salary Based on Experience/Role

    When it comes to working as a cyber security analyst, experience matters a lot. Most companies often see what experience you have before finalizing your salary. Let us look at the range for senior cyber security salary 2024 according to their level of expertise:

    ExperienceCyber Security Salary Per Annum
    Entry-Level Cyber Security SalaryUSD 4713.42
    Mid-Level Cyber Security SalaryUSD 6530.64
    Experienced Cyber Security SalaryUSD 19725.72
    • Entry-Level Cyber Security Salary: A bachelor's degree in computer science or a similar discipline is often required for a security analyst position, making it an entry-level position in the cybersecurity industry. The average entry-level cyber security salary is USD 4713.42 per annum.
    • Mid-Level Cyber Security Salaries: Security systems are designed by mid-level cybersecurity professionals. In addition, they investigate, audit, and evaluate the systems in question to identify problems and provide fixes. The annual salary for a mid-level cyber security employee is USD 6530.64 per annum.
    • Experienced Cyber Security Salary: A cyber security engineer's job is to create and deploy safe network solutions that can withstand attacks from hackers and other online dangers. The typical salary for experienced cyber security in 2024 can be around USD 19725.72.

    Cybersecurity Engineer Average Salary

    Cyber Security Salary Based on Level of Experience with Job Roles

    Job Roles0-1 years 1-3 years 4-6 years 7-9 years 10-14 years
    Cybersecurity analyst$73,682$74,748$80,872$85,933$94,554
    Cybersecurity engineer$83,649$86,984$92,774$98,297$108,426
    Information security manager$98,570$104,237$111,294$118,708$129,169
    Penetration tester$77,773$81,944$91,086$98,680$107,428
    Cybersecurity specialist$73,829$78,991$86,839$92,484$101,176

    Cyber Security Salary Based on Job Roles

    Here is a list of different cyber security job roles with their lowest and highest salary range:

    Job RolesLowest Salary Per YearHighest Salary per year
    Information Security Manager$150,000$225,000
    Cyber Security Engineer$116,000$208,000
    Application Security Engineer$146,000$177,000
    Network Security Engineer$92,000$172,000
    Cyber Security Analyst$102,000$208,000
    Cyber Security Scenario Designer$135,000$260,000

    Source: Glassdoor

    Cyber Security Earnings Based on Employer/Company

    Below is the list of companies and their average pay for cyber security per annum: (Source: Ambitionbox)

    CompaniesCyber Security Job Pay Per Annum

    ACPL Systems 

    USD 5317.70 

    Visa 

    USD 26105.09 

    Google 

    USD 108771.21 

    TCS 

    USD 5801.13 

    Cognizant 

    USD 7734.84 

    Fico 

    USD 13898.54 

    Microsoft 

    USD 9789.41 

    Capgemini 

    USD 8701.70 

    Accenture 

    USD 10514.55 

    Wipro 

    USD 5438.56 

    Apple 

    USD 170,087 

    Facebook 

    USD 115,684 

    Cyber Security Salary: Based on Skill-set  

    Cybersecurity average annual salary for different employees is as follows:

    • A security analyst earns around USD 5982.03 per year.
    • Security engineers can earn up to USD 8339.22 per year.
    • The security architect can earn up to USD 25978.35 annually. 
    • USD 6334.85 is the average annual salary for a security administrator. 

    Salary of a Cyber Security: Based on Certifications  

    Here are a few Cyber Security certification courses that can help you get a higher pay scale: 

    CertificationsAverage Salary 
    Certified Information Systems Security Professional (CISSP)$116,573
    Certified Information Security Manager (CISM)$91,609
    Certified Information Systems Auditor (CISA)$52,500 to $122,300
    Certified in Risk and Information Systems Control $132,266 

     Cyber Security Salary Based on Location  

    Different countries offer a wide range of salaries to cyber security analysts. Here is an average expected salary: 

    CountriesCyber Security Salary Per Year

    India 

    USD 7245.53 annually 

    US 

    USD 115377.63 annually 

    UK 

    USD 7441554.02 annually 

    UAE 

    USD 72420.85 annually 

    Australia 

    USD 121437.38 annually 

    Canada 

    USD 91172.16 annually 

    Singapore 

    USD 70966.44 annually 

    Philippines 

    USD 59138.70 annually 

     Cyber Security Salary Based on Top Cities

    Top CitiesCybersecurity analystCybersecurity engineer
    Information security manager
    Penetration tester
    Cybersecurity specialist
    New York, NY$91,553$99,479$133,506$100,057$93,220
    Los Angeles, CA$88,943$98,315$136,382$105,380$91,329
    Washington, DC$80,570$90,474$109,827$88,534$81,379
    Houston, TX$86,378$95,163$127,812$93,014$87,579
    Philadelphia, PA$88,119$99,412$130,602$101,761$89,099
    Minneapolis, MN$88,951$98,279$132,212$98,747$90,755
    Cincinnati, OH$83,819$94,621$125,537$93,003$84,922
    Saint Louis, MO$86,987$97,535$130,192$96,787$88,723
    Tulsa, OK$92,195$95,026$124,618$93,916$85,887
    Miami, FL$82,540$93,250$123,077$91,882$82,884

    Source: Glassdoor

    Why are Cyber Security Professionals Paid So Much?  

    Experts in the field of cyber security are receiving higher packages than other techs. This is because of their skills in protecting important data. If the data of any company gets leaked into the market, it can be sold off in the black market or used to harass the company and the company employees.

    As a result, legal issues and the company's crash are constantly threatened. Many companies also store their clients' sensitive information, such as their bank account details. If such data is leaked, it can rob hundreds and thousands of people. Thus, ensuring that the data is not leaked, hacked, or pirated is important.

    This is one of the main reasons why companies only wish to hire the best analyst. Of course, most companies wouldn't mind going above and beyond the average cyber security salary to hire a person with better skills. But ultimately, if their data and systems aren't safe, they will not be able to run a successful business.

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    What is Cyber Security?

    The technique of protecting networks, servers, mobile devices, computers, electronic systems, and data from hostile intrusions is known as cyber security. Therefore, it is often referred to as electronic information security or information technology security. The phrase can be broken down into a few basic categories and is used in various applications, including business and mobile computing. This includes network security, application security, information security, etc.

    Who is a Cyber Security Expert?

    A cyber security expert is a specialist who ensures that online accounts and electronic gadgets, such as computers and mobiles, are not illegally accessed or hacked by intruders. There are several things that a cyber security analyst has to do. First, let us know the roles and responsibilities of a cyber security analyst:

    • They are responsible for in-depth analysis of the hardware and software such as laptops, PCs, Pendrive, hard drives, websites, servers, etc.
    • They identify any possible bug or virus that can cause danger to the data.
    • They run various data protection software and applications to eliminate bugs and protect the system from identifying the issue. This software also safeguards devices and servers from future threats.
    • If there is any violation, they help the user to report it.
    • They analyze the system and your needs and suggest relevant security systems to help protect your data for the future.
    • They conduct periodic audits or system checks to keep track of the security software and if there is any breach. 
    • Furthermore, they also inform the user about any software or system updates you need.
    • The cyber security analyst must ensure that the user is well informed about the security system of the software and devices and any recent developments that may have occurred.

    Future of Cyber Security  

    A growing number of businesses seek to rule the world through the internet due to the increased usage of technology. Unlike the old times, where storage happened only on hard drives, these days, data is also stored on online storage systems such as drivers and clouds. 10-year growth projection for roles increased 10.34% from 29% (2018-2028) to 32% (2020-2030) [Source: comparitech]. In addition, more and more user-friendly applications and software techniques are being used to store information about the component and their clients.

    Such a shift to the online market has increased the need for cybersecurity analysts. The future of being a cyber security analyst seems bright due to this change in the market style brought upon by the pandemic.

    The cyber security employees, however, will notice a couple of new trends and systems that will be prevalent in the market: 

    • The majority of cyber security analysts will choose a work-from-home arrangement. This will be their preferred work method as they can manage it from their homes.
    • There shall be a supply shortage of cyber security analysts, with more and more companies switching to online platforms. Thus, a work-from-home system can help them work with multiple companies or clients.
    • There shall be a surge in new software that shall help detect any malware or virus in the devices. This shall give network and security engineers a brilliant opportunity. 

    Conclusion  

    Cyber security is an upcoming and popular field amongst tech enthusiasts. This is a promising field for the future. The cyber security income depends on various factors, while the initial package remains the same. If you plan to become a cybersecurity analyst, it is time to start investing in yourself. Begin by taking KnowledgeHut Cyber Security training today and add more accreditations to your name. You can also begin your career by freelancing, working with smaller clients, and gaining more experience and a fresh perspective in this field.

    Frequently Asked Questions (FAQs)

    1Can I get rich in cyber security?

    Working with more and more clients in your starting stage and using your cyber security earnings by investing in good courses and certificates will give you a better package in the future.

    2How do I get the highest cyber security package?

    It's critical to upgrade your credentials and skills to earn the highest income in cyber security. To get the highest package being updated with the current trends is the key. 

    3What is the highest salary in cyber security?

    The cyber security package can be as high as forty lakhs per annum. The salary also varies based on skills, expertise and certifications.

    4Which country pays the highest salary for cyber security?

    The cyber security earnings in Luxembourg are considered to be the highest. If you are an expert in your field, you must check out working here in the future. 

    5Is cyber security a good career in the future?

    Yes, this shall be a good career plan for the future. A surge in the cyber security salary in 2022 helps us to justify this.

    Profile

    Vitesh Sharma

    Blog Author

    Vitesh Sharma, a distinguished Cyber Security expert with a wealth of experience exceeding 6 years in the Telecom & Networking Industry. Armed with a CCIE and CISA certification, Vitesh possesses expertise in MPLS, Wi-Fi Planning & Designing, High Availability, QoS, IPv6, and IP KPIs. With a robust background in evaluating and optimizing MPLS security for telecom giants, Vitesh has been instrumental in driving large service provider engagements, emphasizing planning, designing, assessment, and optimization. His experience spans prestigious organizations like Barclays, Protiviti, EY, PwC India, Tata Consultancy Services, and more. With a unique blend of technical prowess and management acumen, Vitesh remains at the forefront of ensuring secure and efficient networking solutions, solidifying his position as a notable figure in the cybersecurity landscape.

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