Information Security Manager Salary in Canada during 2024

Salary details

The average Information Security Manager salary lies between USD 85,000 and USD 147,800 in Canada. 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.

Region represents the primary country of residence of an employee during the year (or residence for tax purposes). 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

Top 20 Job Tags for Information Security Manager roles

The three most common job tag items assiciated with Information Security Manager job listings are Compliance, CISSP and CISM. 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 | 140 jobs CISSP | 111 jobs CISM | 104 jobs Cloud | 93 jobs Computer Science | 92 jobs Risk management | 91 jobs Audits | 86 jobs ISO 27001 | 86 jobs NIST | 74 jobs Risk assessment | 72 jobs Governance | 71 jobs Incident response | 66 jobs Strategy | 66 jobs Monitoring | 64 jobs CISA | 58 jobs Vulnerabilities | 54 jobs ISMS | 42 jobs Privacy | 41 jobs Security strategy | 39 jobs Firewalls | 38 jobs

Top 20 Job Perks/Benefits for Information Security Manager roles

The three most common job benefits and perks assiciated with Information Security Manager job listings are Career development, Health care and Competitive pay. 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 | 103 jobs Health care | 71 jobs Competitive pay | 56 jobs Flex hours | 52 jobs Team events | 41 jobs Startup environment | 37 jobs Equity / stock options | 32 jobs Salary bonus | 28 jobs Parental leave | 26 jobs Medical leave | 23 jobs Insurance | 22 jobs Wellness | 19 jobs Flex vacation | 17 jobs 401(k) matching | 15 jobs Fitness / gym | 13 jobs Home office stipend | 13 jobs Conferences | 12 jobs Gear | 7 jobs Relocation support | 6 jobs Fertility benefits | 5 jobs

Salary Composition for Information Security Managers

The salary for an Information Security Manager in Canada typically comprises a base salary, performance bonuses, and additional remuneration such as stock options or benefits. The base salary is the fixed component and usually forms the largest part of the total compensation package. Performance bonuses can vary significantly depending on the company's profitability and the individual's performance, often ranging from 10% to 20% of the base salary. Additional remuneration might include stock options, especially in larger tech companies, and comprehensive benefits packages that cover health, dental, and retirement plans. The composition can vary by region, with major cities like Toronto and Vancouver offering higher base salaries due to the higher cost of living. Industry also plays a role; for instance, financial services and tech companies often provide more competitive compensation packages compared to smaller firms or non-profit organizations.

Steps to Increase Salary

To increase your salary from the position of an Information Security Manager, consider pursuing advanced certifications or further education, such as a Master's degree in Cybersecurity or an MBA with a focus on Information Security. Networking within the industry and attending relevant conferences can also open up opportunities for higher-paying roles. Gaining experience in managing larger teams or more complex projects can make you a more attractive candidate for senior positions. Additionally, specializing in high-demand areas such as cloud security or threat intelligence can set you apart. Negotiating your salary during performance reviews or when taking on additional responsibilities can also lead to salary increases.

Educational Requirements

Most Information Security Manager positions require at least a bachelor's degree in computer science, information technology, or a related field. Some employers may prefer candidates with a master's degree in cybersecurity, information systems, or business administration. A strong educational background provides the foundational knowledge necessary for understanding complex security systems and managing security teams effectively.

Helpful Certifications

Certifications are highly valued in the field of information security and can significantly enhance your qualifications. Common certifications that are beneficial for an Information Security Manager 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 demonstrate a commitment to the field and a comprehensive understanding of security principles and practices.

Required Experience

Typically, an Information Security Manager is expected to have at least 5 to 10 years of experience in information security or a related field. This experience should include hands-on technical work as well as managerial responsibilities. Experience in developing and implementing security policies, managing security teams, and responding to security incidents is crucial. Employers often look for candidates who have demonstrated leadership skills and the ability to manage complex security projects.

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