GRC Analyst Salary in 2023

Salary details

The average GRC Analyst salary lies between USD 111,600 and USD 149,500 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 GRC Analyst roles

The three most common job tag items assiciated with GRC Analyst job listings are Compliance, Governance and Audits. Below you find a list of the 20 most occuring job tags in 2023 and the number of open jobs that where associated with them during that period:

Compliance | 46 jobs Governance | 35 jobs Audits | 32 jobs Risk assessment | 31 jobs Risk management | 29 jobs SOC 2 | 28 jobs Privacy | 28 jobs ISO 27001 | 26 jobs CISA | 21 jobs Cloud | 21 jobs NIST | 20 jobs SOC | 20 jobs CISSP | 19 jobs GDPR | 17 jobs CCPA | 14 jobs Monitoring | 14 jobs Computer Science | 13 jobs CISM | 11 jobs CRISC | 11 jobs PCI DSS | 10 jobs

Top 20 Job Perks/Benefits for GRC Analyst roles

The three most common job benefits and perks assiciated with GRC Analyst job listings are Career development, Health care and Flex vacation. Below you find a list of the 20 most occuring job perks or benefits in 2023 and the number of open jobs that where offering them during that period:

Career development | 26 jobs Health care | 20 jobs Flex vacation | 18 jobs Team events | 18 jobs Equity / stock options | 17 jobs Parental leave | 17 jobs Competitive pay | 16 jobs Startup environment | 14 jobs Salary bonus | 12 jobs Medical leave | 11 jobs Flex hours | 10 jobs Wellness | 7 jobs Unlimited paid time off | 7 jobs Insurance | 6 jobs Home office stipend | 6 jobs 401(k) matching | 5 jobs Fertility benefits | 3 jobs Lunch / meals | 2 jobs Gear | 2 jobs Fitness / gym | 2 jobs

Salary Composition for a GRC Analyst

The salary composition for a GRC (Governance, Risk, and Compliance) Analyst can vary significantly based on factors such as region, industry, and company size. Typically, the salary is composed of a fixed base salary, which forms the bulk of the compensation package. This base salary can range from 70% to 85% of the total compensation. In addition to the base salary, bonuses are often included, which can be performance-based or tied to company-wide success metrics. These bonuses might account for 10% to 20% of the total compensation. Additional remuneration can include stock options, profit-sharing, or other incentives, which might make up the remaining 5% to 10%. In regions with a high cost of living or in industries like finance and technology, the overall compensation package might be higher, with more significant bonuses and stock options.

Steps to Increase Salary from a GRC Analyst Position

To increase your salary from a GRC Analyst position, consider the following strategies:

• Skill Enhancement: Continuously update your skills and knowledge in emerging technologies and regulations. Specializing in niche areas like cloud security or data privacy can make you more valuable.
• Advanced Certifications: Obtain advanced certifications such as Certified Information Systems Security Professional (CISSP) or Certified Information Security Manager (CISM) to demonstrate expertise and commitment.
• Networking: Build a strong professional network within the industry. Attend conferences, webinars, and workshops to connect with peers and industry leaders.
• Leadership Roles: Seek opportunities to lead projects or teams. Demonstrating leadership skills can position you for roles with greater responsibility and higher pay.
• Further Education: Consider pursuing a master's degree in cybersecurity, information systems, or a related field to enhance your qualifications.

Educational Requirements for a GRC Analyst

Most GRC Analyst positions require at least a bachelor's degree in a relevant field such as information technology, computer science, cybersecurity, or business administration. Some employers may prefer candidates with a master's degree, especially for more senior roles. Coursework in risk management, compliance, and information security is particularly beneficial. Additionally, familiarity with industry standards and regulations, such as ISO 27001, NIST, and GDPR, is often expected.

Helpful Certifications for a GRC Analyst

Certifications can significantly enhance your qualifications for a GRC Analyst role. Some of the most beneficial certifications include:

• Certified in Risk and Information Systems Control (CRISC): Focuses on enterprise IT risk management.
• Certified Information Systems Auditor (CISA): Emphasizes auditing, control, and security of information systems.
• Certified Information Security Manager (CISM): Concentrates on information risk management and governance.
• Certified Information Systems Security Professional (CISSP): Covers a broad range of security topics and is highly regarded in the industry.
• ISO 27001 Lead Implementer or Auditor: Demonstrates expertise in implementing or auditing information security management systems.

Experience Requirements for a GRC Analyst

Typically, employers look for candidates with at least 2 to 5 years of experience in information security, risk management, or compliance roles. Experience in conducting risk assessments, developing security policies, and managing compliance programs is highly valued. Familiarity with industry-specific regulations and standards is also important. For more senior positions, 5 to 10 years of experience may be required, along with proven leadership capabilities.

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