GRC Analyst Salary in 2024

Salary details

The average GRC Analyst salary lies between USD 78,770 and USD 140,000 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 GRC Analyst roles

The three most common job tag items assiciated with GRC Analyst job listings are Compliance, Governance and Risk management. 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 | 127 jobs Governance | 107 jobs Risk management | 91 jobs Audits | 88 jobs ISO 27001 | 82 jobs NIST | 76 jobs Risk assessment | 74 jobs Cloud | 59 jobs CISA | 57 jobs CISSP | 53 jobs Monitoring | 52 jobs SOC 2 | 51 jobs Privacy | 49 jobs SOC | 46 jobs GDPR | 45 jobs CRISC | 40 jobs CISM | 37 jobs Strategy | 34 jobs Computer Science | 34 jobs SOX | 30 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 Health care, Career development and Flex hours. 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:

Health care | 62 jobs Career development | 58 jobs Flex hours | 33 jobs Competitive pay | 33 jobs Insurance | 31 jobs Equity / stock options | 30 jobs Team events | 26 jobs Flex vacation | 24 jobs Startup environment | 24 jobs Medical leave | 24 jobs Salary bonus | 20 jobs 401(k) matching | 18 jobs Parental leave | 16 jobs Wellness | 14 jobs Fitness / gym | 7 jobs Gear | 6 jobs Conferences | 5 jobs Home office stipend | 5 jobs Transparency | 4 jobs Fertility benefits | 4 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. In regions with a high cost of living or in industries like finance and technology, the base salary tends to be higher. Bonuses are often performance-based and can range from 5% to 20% of the base salary, depending on the company's profitability and individual performance metrics. Additional remuneration may include stock options, especially in tech companies, and benefits such as health insurance, retirement contributions, and professional development allowances. Larger companies may offer more comprehensive benefits packages compared to smaller firms.

Steps to Increase Salary from a GRC Analyst Position

To increase your salary from a GRC Analyst position, consider pursuing advanced certifications and further education, such as a master's degree in cybersecurity or a related field. Gaining experience in specialized areas like data privacy, cloud security, or regulatory compliance can make you more valuable. Networking within the industry and seeking mentorship can provide insights into higher-paying opportunities. Additionally, taking on leadership roles or projects that demonstrate your ability to manage teams or complex initiatives can position you for promotions to senior roles, such as GRC Manager or Director of Compliance, which typically offer higher salaries.

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, business administration, or cybersecurity. Some employers may prefer candidates with a master's degree, especially for more senior roles. Coursework in risk management, information security, and business ethics can be 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. Common and highly regarded certifications include:

• Certified Information Systems Auditor (CISA)
• Certified in Risk and Information Systems Control (CRISC)
• Certified Information Systems Security Professional (CISSP)
• Certified Information Privacy Professional (CIPP)
• ISO 27001 Lead Implementer or Auditor

These certifications demonstrate a commitment to the field and a deep understanding of key concepts in governance, risk management, and compliance.

Experience Required for a GRC Analyst

Typically, employers look for candidates with 2-5 years of experience in information security, risk management, or compliance roles. Experience in conducting risk assessments, developing compliance programs, and working with regulatory frameworks is highly valued. Practical experience with security tools and technologies, as well as familiarity with industry-specific regulations, can also be advantageous. Internships or entry-level positions in related fields can provide a solid foundation for aspiring GRC Analysts.

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