Cyber Security Manager Salary in 2024

Salary details

The average Cyber Security Manager salary lies between USD 112,500 and USD 170,000 globally. It represents the overall compensation/gross salary amount for the working year (before deductions like social security, taxes and other contributions), not including equity/stock options or similar benefits.

All data shown are full-time equivalent (FTE) salaries. Part-time salary information has been extrapolated to its FTE value.

Last updated: Nov. 17, 2024

Salary trend

Top 20 Job Tags for Cyber Security Manager roles

The three most common job tag items assiciated with Cyber Security Manager job listings are Compliance, Strategy and CISSP. Below you find a list of the 20 most occuring job tags in 2024 and the number of open jobs that where associated with them during that period:

Compliance | 44 jobs Strategy | 35 jobs CISSP | 31 jobs Risk management | 29 jobs Computer Science | 27 jobs NIST | 26 jobs CISM | 25 jobs Incident response | 21 jobs Cloud | 20 jobs Privacy | 19 jobs Risk assessment | 18 jobs Governance | 18 jobs Monitoring | 17 jobs Vulnerabilities | 16 jobs Security strategy | 16 jobs Audits | 15 jobs Vulnerability management | 15 jobs Firewalls | 14 jobs ISO 27001 | 14 jobs AWS | 13 jobs

Top 20 Job Perks/Benefits for Cyber Security Manager roles

The three most common job benefits and perks assiciated with Cyber Security Manager job listings are Career development, Flex hours and Health care. Below you find a list of the 20 most occuring job perks or benefits in 2024 and the number of open jobs that where offering them during that period:

Career development | 46 jobs Flex hours | 26 jobs Health care | 26 jobs Team events | 19 jobs Salary bonus | 16 jobs Medical leave | 15 jobs Equity / stock options | 12 jobs Parental leave | 12 jobs Flex vacation | 9 jobs Competitive pay | 9 jobs Fitness / gym | 8 jobs Insurance | 7 jobs Startup environment | 6 jobs Wellness | 5 jobs Home office stipend | 4 jobs 401(k) matching | 3 jobs Travel | 2 jobs Signing bonus | 1 jobs Conferences | 1 jobs Relocation support | 1 jobs

Salary Composition for a Cyber Security Manager

The salary for a Cyber Security Manager typically comprises a fixed base salary, performance-based bonuses, and additional remuneration such as stock options or benefits. The fixed base salary often constitutes the majority of the total compensation package, ranging from 70% to 85%. Bonuses can vary significantly depending on the company's performance and individual achievements, usually accounting for 10% to 20% of the total salary. Additional remuneration, such as stock options, profit-sharing, or comprehensive benefits packages, can make up the remaining 5% to 10%.

Regional differences play a significant role in salary composition. For instance, Cyber Security Managers in tech hubs like Silicon Valley or New York City might receive higher base salaries and stock options due to the competitive market. Industry also impacts salary composition; financial services and technology sectors often offer more lucrative packages compared to non-profit or government sectors. Company size can influence the salary structure as well, with larger corporations typically providing more comprehensive bonus and benefits packages.

Steps to Increase Salary from a Cyber Security Manager Position

To increase your salary beyond the Cyber Security Manager role, consider pursuing higher-level positions such as Director of Cyber Security, Chief Information Security Officer (CISO), or other executive roles. These positions often come with significantly higher compensation packages.

Enhancing your skills and expertise in emerging areas of cybersecurity, such as cloud security, artificial intelligence, or blockchain, can make you more valuable to employers. Networking within the industry and building a strong professional reputation can also open doors to higher-paying opportunities. Additionally, pursuing advanced certifications or further education, such as a master's degree in cybersecurity or an MBA, can position you for leadership roles with higher salaries.

Educational Requirements for a Cyber Security Manager

Most Cyber Security Manager positions require at least a bachelor's degree in a related field such as computer science, information technology, or cybersecurity. Some employers may prefer candidates with a master's degree, especially for roles with more strategic responsibilities. Relevant coursework in network security, information systems, and risk management is often essential.

In addition to formal education, practical experience and a strong understanding of cybersecurity principles are crucial. Employers value candidates who can demonstrate their ability to apply theoretical knowledge to real-world scenarios.

Helpful Certifications for a Cyber Security Manager

Certifications can significantly enhance your qualifications for a Cyber Security Manager role. Some of the most recognized and beneficial certifications include:

• Certified Information Systems Security Professional (CISSP)
• Certified Information Security Manager (CISM)
• Certified Information Systems Auditor (CISA)
• Certified Ethical Hacker (CEH)
• CompTIA Security+

These certifications validate your expertise and commitment to the field, making you a more attractive candidate to potential employers.

Experience Required for a Cyber Security Manager

Typically, a Cyber Security Manager is expected to have 5 to 10 years of experience in the cybersecurity field. This experience should include hands-on technical roles, such as a security analyst or engineer, as well as experience in leadership or management positions. Employers look for candidates who have a proven track record of managing security teams, developing security policies, and implementing security measures.

Experience in specific industries, such as finance or healthcare, can be advantageous due to the unique regulatory and security challenges these sectors face.

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