Does CISM Certification have the potential to increase your salary?
Cyber information is essential for safeguarding privacy and accelerating business growth. It is thus in great demand. The need of the hour is to assess the risk, fix technological gaps, and develop and brainstorm information security management. Therefore, companies hire those who have the potential caliber and credibility to excel in IS audit, control, and security domains. So if you are an IT professional looking for a career switch. Then, CISM Certification is the ideal tool. It can accelerate your career as an information security professional and comes with a number of benefits. One of those benefits often includes a significant bump in salary.
A Certified CISM salary is more than anyone could have imagined. The certification validates a candidate's reputation and job experience with companies. They acquire new skills, which makes them valuable asset to the organization they work for.
Increase Your Earning Potential with CISM Certification
Due to the pandemic, the world has moved more into digitalization which increases cyber attacks. As a result, organizations have become more concerned about cybersecurity. They constantly seeking knowledgeable and skilled information security professionals. Thus, the demand for cybersecurity professionals has been increasing rapidly, even more, faster than businesses can fill open positions. According to Cybersecurity Ventures, between 2013 and 2021, the number of vacant cybersecurity roles surged by 350%, from 1 million to 3.5 million. The industry expert also believes that there will still be the same amount of unfilled positions in five years. This increasing need for security professionals impacts the average CISM Certification salary one can expect.
According to a survey, 48% of respondents stated they received a raise within a year after receiving their CISM Certificate. The annual salary range for a CISM-certified professional is between USD 87,000 and USD 153,000 on average. Candidates who are positioned at a senior level and have successfully handled challenging projects might demand a significantly higher five-figure wage or one that may even approach six figures in the market.
CISM Salary range
CISM professionals understand how information security and business work together to ensure the confidentiality and integrity of the business IT network. Non-certified professionals lack this understanding, hence CISM professionals are paid more than them.
Location based CISM salary
The place in which CISM professionals work greatly impacts their salary. The average CISM Certification salaries for various nations are listed below:
| Country | Salaries in Local Currency |
| United States | USD 131,000 |
| Singapore | SGD 119,000 |
| Germany | EUR 84,000 |
| Belgium | EUR 92,000 |
| Canada | CAD 115,000 |
| Luxembourg | GBP 90,000 |
| United Kingdom | GBP 62,000 |
| Saudi Arabia | SAR 312000 |
| Japan | JPY 9,000,000 |
| Malaysia | MYR 182,000 |
| Austria | EUR 60,000 |
| Spain | EUR 51,000 |
The title of one's job has a significant role in determining their pay. Here is an example of the typical compensation for a certified CISM professional in various positions:
| Job Title | Salary in USD |
| Information Security Manager | USD 122,048 |
| Chief Information Security Officer | USD 180,305 |
| Information Security Officer | USD 117,472 |
| Information Technology Director | USD 139,462 |
| Security Architect | USD 140,291 |
| Chief Information Officer | USD 166,475 |
| Information Security Analyst | USD 94,875 |
| Cyber Security Engineer | USD 112,640 |
| Security Consultant | USD 124,577 |
| Security Manager | USD 117,522 |
| Information Systems (IS) Manager | USD 101,379 |
Experience based CISM Certification Salary
Experience translates into more money. CISM professionals can anticipate a higher starting pay as they get more experience. Candidates who have successfully managed complicated projects and been placed at a senior level might anticipate a substantially higher five figure compensation or one which may reach into six figures, whilst entry level roles will provide a wage at the lower end of the range.
| Experience | Salary in USD |
| Entry level | USD 177,000 |
| Mid level | USD 122,048 |
| Senior level | USD 180,305 |
| Information Technology Director | CAD 2078 - 2858 |
Industry based CISM salary
Finance industry: Financial services offers enormous opportunities for hackers to steal information. Customers use the internet to transmit money, shop, check account balances, and pay bills. They have to bear the brunt of the damage if such information is revealed. Therefore they hire CISM professionals to assist them to mitigate company risk and setting up comprehensive security systems and policies for the future. CISM professionals in finance industries earn USD 205,176 per year.
Health care: A staggering quantity of data is managed by healthcare institutions. They are responsible for managing patient data, pharmaceutical records, prescription control, financial and billing information, patient records, and all related laws to restricted drugs. Healthcare-related businesses employ individuals with CISM Certifications to safeguard their data from threats. These professionals receive an annual salary of USD 112,000 on average.
Information technology: As technology is ever-evolving, there are always new opportunities for security breaches, and hackers are always figuring out new ways to get past firewalls. Thus, these companies require technical security. CISM certified IT specialists develop and implement policies that safeguard businesses from cyber risks. They also recognize existing security risks and forecast future threats. CISM practitioners in IT sector earn a yearly salary of USD 122,000.
Government: The government systems are the world's largest data repository and contain an enormous quantity of data. In contrast to the private sector, the government is a gold mine of information for hackers, which, if revealed, might jeopardize national security. Therefore, they require CISM specialists to protect those against hackers. CISM experts working in government receive a yearly salary of USD 82,000 on average.
Retail: Since every day, the retail sector processes billions of payments, it is linked to the financial sector. Due to the absence of industry-wide standards and regulations, and technology employed across the board, they are an ideal vector for a cyber-attack. Retail businesses recruit CISM experts to secure entire systems and train other staff members in proper practices for network architects. CISM Certified in this industry earn a yearly salary of USD 143,880.
CISM Certificate is becoming a recruiting tool for cybersecurity positions. Earning it demonstrates to employers that professionals have extensive knowledge and expertise in data security. Additionally, it shows that they are equipped with the knowledge and skills required to develop and manage a comprehensive information security program. As a result, companies pay them handsome salary packages in exchange for security solutions.