Who Should Pursue a Master's in Cyber Security?
People choose to pursue master’s degrees in cybersecurity for various reasons. You should pursue one too if you:
Are stuck at the mid-level of your cybersecurity career, and looking for a way to expand your job prospects
Are a cybersecurity enthusiast and want to dive into more detailed research
Are a cybersecurity professional in an organization and wish to climb the career ladder and command better-paying positions
Want to join the cybersecurity field, but you do not have an Information Technology background.
What Salary Can I Expect With a Master's in Cybersecurity?
Having a master’s in cybersecurity equips you with a variety of technical skills that can affect what cybersecurity job you end up getting, and it can make a huge difference to your salary. An MS in. Cyber security salary is dependent on various factors such as:
Type of career
According to a recent Burning Glass survey, unfilled cybersecurity jobs increased to over 300,000 in 2018, with an average salary of about $100,000 per annum for key positions. Considering the high employer demand, a cybersecurity master's salary in 2020 would likely be higher than this, and it is set to grow.
Some of the highest paying cybersecurity niches include:
Are Cyber Security Salaries Competitive in the U.S.?
Yes, depending on your cyber security career, and the size and geographical location of an organization.
According to CSO, Research firms in the US project a shortage of about 3 million qualified cybersecurity experts over the next few years. That said, for cybersecurity professionals looking for new career opportunities have an abundance to choose from.
In high demand locations, such as New York, LA, and the Bay Area, an MS cybersecurity salary ranges from $160,000 to $198,000. Despite lucrative salaries, companies are struggling to find the right Information Security talent to fill these roles.
Here is the average Cyber Security Salary by State.
Master’s in Cybersecurity vs. Bachelor’s in Cybersecurity Salary
A 2015 study done by Georgetown University discovered that someone with a master’s degree earned $78,000 per year, while those with a bachelor's degree earned $61,000 per year. This is a difference of $17,000 per annum.
Similar differences can be found in the cybersecurity space. A bachelor’s degree in computer science or other cybersecurity-related fields can earn you a salary of up to $62,000. On the other hand, a master’s degree can net you a salary of about $80,000. The difference between these figures is $18,000.
While a bachelor's qualification can get your foot in the door, a master's degree can allow you to stroll through and climb the stairs by providing opportunities for promotion and higher earnings.
Let's compare several cybersecurity professionals by examining their educational levels and expected salaries:
Master-level Cybersecurity Career Salary Estimates