In 2018, the number of data breaches reached 1,244 in the U.S. alone. Over 40 percent of cyber attacks target small businesses. Considering these facts, the demand for cybersecurity experts is perfectly justified.
The average cost of data breaches and other cybercrimes was $11.7 million per organization in 2017 — and that number has increased ever since. These issues often result in hefty fines, expensive lawsuits, and a damaged reputation.
Cybersecurity specialists have a bright future ahead of them. Small businesses and corporations alike are seeking experts who have the skills and knowledge to prevent these crimes and offset their impact. The cyber security job outlook is fantastic, with plenty of opportunities for professional growth.
If you’re planning to pursue a career in this field, read on. We’ll show you what the cybersecurity industry looks like and what jobs are in high demand in 2019.
Cyber Security Job Outlook: Is It Worth Pursuing This Career Path?
According to the Bureau of Labor Statistics, the job growth rate in information security is projected at 28 percent from 2016 to 2026. A growing number of organizations are employing engineers, analysts, managers, and consultants with experience in this field.
These professionals are the first line of defense against cybercrime. Their job is to stay ahead of the hackers and anticipate their next move. They monitor computer networks, prevent data breaches, develop information security solutions, and perform risk assessments, among other tasks.
Currently, there are more than one million job openings in this industry. As Cisco points out, about half of enterprises seek consultants to develop and improve security policies and procedures.
How much you’ll earn depends on the role you apply for. Your skills and experience matter too.
An entry-level information security analyst, for example, makes around $65,642 per year. That’s about $10,000 more compared to the national median wage for entry-level jobs.
Experienced cybersecurity pros can expect to earn a lot more. The median annual pay for a software security engineer is $106,224. Top performs receive up to $142,950 annually plus bonuses.
Top Cyber Security Jobs
Right now, U.S. companies have more than 313,735 cybersecurity job openings. In 2017, over 715,715 professionals were working in this field. The highest demand is for cybersecurity engineers, analysts, network architects, administrators, and software developers.
Depending on your skills and expertise, you may also work as a cybersecurity consultant, manager, or vulnerability analyst.
A consultant, for example, identifies vulnerabilities in networks, computer systems, and software. Based on this data, they develop and implement security solutions.
Cybersecurity experts can either start their own business or seek employment. Most companies prefer candidates with an MBA in information systems. Entry-level jobs, though, usually require a BA and relevant certifications.
Build a Fulfilling Career
In this digital era, hackers use advanced tools to steal proprietary data and sensitive information. As a result, the demand for cybersecurity pros will continue to increase. The cyber security job outlook is good, with plenty of opportunities for career growth.
If you’re ready to work as a cybersecurity engineer, you may want to check out this post. We’ll show you what the job entails so you can decide whether or not it’s right for you.