Security Analyst Salary in Canada during 2024

Salary details

The average Security Analyst salary lies between USD 78,308 and USD 121,800 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. 3, 2024

Top 20 Job Tags for Security Analyst roles

The three most common job tag items assiciated with Security Analyst job listings are Compliance, Monitoring and Cloud. 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 | 1655 jobs Monitoring | 1427 jobs Cloud | 1345 jobs Incident response | 1254 jobs Computer Science | 1219 jobs Vulnerabilities | 1162 jobs SIEM | 1072 jobs CISSP | 1017 jobs NIST | 845 jobs SOC | 811 jobs Firewalls | 796 jobs Clearance | 753 jobs Audits | 737 jobs Risk management | 733 jobs Windows | 724 jobs Privacy | 705 jobs Risk assessment | 667 jobs Linux | 667 jobs Scripting | 602 jobs Vulnerability management | 580 jobs

Top 20 Job Perks/Benefits for Security Analyst roles

The three most common job benefits and perks assiciated with Security Analyst job listings are Career development, Health care and Team events. 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 | 1885 jobs Health care | 1410 jobs Team events | 1159 jobs Flex hours | 846 jobs Competitive pay | 795 jobs Insurance | 789 jobs Equity / stock options | 568 jobs Medical leave | 542 jobs Startup environment | 506 jobs Parental leave | 485 jobs Flex vacation | 480 jobs Salary bonus | 440 jobs 401(k) matching | 437 jobs Wellness | 385 jobs Fitness / gym | 120 jobs Relocation support | 89 jobs Home office stipend | 82 jobs Flexible spending account | 65 jobs Transparency | 63 jobs Gear | 53 jobs

Salary Composition for Security Analysts in Canada

The salary for a Security Analyst 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 individual performance metrics. Additional remuneration might include stock options, especially in larger tech companies, or comprehensive benefits packages that cover health, dental, and retirement plans. The composition can vary by region, with major cities like Toronto and Vancouver often offering higher base salaries due to the higher cost of living. Industry also plays a role; for instance, financial services and tech companies might offer more competitive packages compared to smaller firms or non-profit organizations.

Steps to Increase Salary from a Security Analyst Position

To increase your salary from a Security Analyst position, consider pursuing advanced certifications or further education, such as a master's degree in cybersecurity or a related field. Gaining experience in specialized areas like penetration testing, threat intelligence, or cloud security can also 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 security challenges can position you for promotions to senior analyst or managerial roles, which typically come with higher salaries.

Educational Requirements for Security Analysts

Most Security Analyst positions require at least a bachelor's degree in computer science, information technology, cybersecurity, or a related field. Some employers may accept equivalent work experience in lieu of formal education, but a degree is often preferred. As the field becomes more competitive, having a master's degree can set candidates apart and may be required for more advanced positions.

Helpful Certifications for Security Analysts

Certifications can significantly enhance your qualifications and are often sought after by employers. Common and valuable certifications for Security Analysts include:

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

These certifications demonstrate a commitment to the field and a recognized level of expertise, which can be crucial for career advancement.

Experience Requirements for Security Analysts

Typically, entry-level Security Analyst positions require 1-3 years of experience in IT or a related field. This experience can be gained through internships, co-op programs, or junior IT roles. For more senior positions, 3-5 years of direct experience in cybersecurity roles may be required. Experience with specific tools and technologies, such as SIEM systems, firewalls, and intrusion detection systems, is often necessary.

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