The Cyber Security industry is attracting higher investment year-on-year, with the annual cost of Cyber Security increasing by 22.7% in 2021. Furthermore, the US Bureau of Labor Statistics projects that an Information Security Analyst will be the 8th fastest growing occupation in the next decade.
Whilst investors are seeing new opportunities in Cyber Security, there is also an increased demand for Cyber Security professionals, particularly in senior positions, to fill new roles across a broad range of sectors.
If you’re a seasoned Cyber Security professional, below are a few key principles to help you navigate the current job market and make a decision that’s suitable for your goals and aspirations.
Senior Cyber Security roles
In a senior-level role, you would be near or at the pinnacle of your Cyber Security career. The Glocomms Tech Industry Report revealed that over 40% of survey respondents in the Security and Cyber Security sector have been in their current roles for more than two years. However, despite this high retention rate, 46% of respondents are currently seeking new career opportunities.
The hiring of Senior Security Specialists is expected to increase by 18% over the next five years. This could rise even further due to the prevalence of technology in the Business sector.
A Cyber Security Engineer is one of the fastest growing roles in terms of demand. It’s projected that there will be 3.5 million job openings in this field by 2025. This enormous demand is driven by the need for increased Cyber Security for businesses in all sectors, as well as a desire to employ professionals that have the ability to lead teams and cope with the demands of both strategic and technical requirements.
In terms of the roles available for experienced Cyber Security Engineers, these could include: Senior Manager, Director of IT Security, Senior Manager of IT and Security Compliance, and Senior Director. Whilst Chief Information Security Officer (CISO) is regarded as a senior level position in some companies, other organizations might regard it as mid-level.
Mid-level Cyber Security roles
Cyber Security professionals, typically spend between five and eight years in mid-level roles before moving on to senior roles. Given the diversity of senior roles, you may find it strategic to move laterally within mid-level roles, gaining additional skills and experience which could open doors to a greater variety of senior-level roles.
For example, a Cyber Security Architect is a significant mid-level position that offers different roles on the Cyber Security career path. Those roles include Penetration Testers, Certified Ethical Hackers, and Threat Hunters.
Extensive knowledge and experience in these areas is particularly helpful if you are considering a role as a Cyber Security Consultant as a potential next step in your Cyber Security career. You should have good knowledge and understanding of languages such as Python, Linux, Perl, and PowerShell.
According to the U.S. Bureau of Labor Statistics, Cyber Security jobs, including that of a Cyber Security Architect, are projected to grow by 35% between 2021 and 2031. This is far greater than average growth in the industry and it highlights the demand for Cyber Security professionals needed to fill these mid-level roles.
As Cyber Security threats continue to increase, IBM states the average data breach now costs companies $4.35 million. These high costs play a major role in companies seeking to employ Cyber Security talent who can work towards drastically reducing the likelihood of security breaches.
Advance your Cyber Security career
The Cyber Security industry offers significant career progression opportunities to mid-level and senior-level professionals. As a leading specialist talent partner, Glocomms has a range of in-demand roles and opportunities suited to your individual experience and skillset.
Advance your career by exploring the latest opportunities in Cyber Security with Glocomms. Search and apply today.