Demand for cybersecurity professionals greatly exceeds demand, making it one of the hottest fields in the technology job market, according to a report from Burning Glass Technologies, an employment data and consulting company.
Cybersecurity job postings have increased by 74 percent since 2007, according to Burning Glass’ monthly “Job Market Intelligence,” report. The number of Cybersecurity job postings is increasing twice as fast as other IT job listings, and on average remain open 45 days compared to 36 days for all other IT jobs, a 24-percent difference, due to the imbalance between the supply and demand for talent.
“The demand for cybersecurity talent appears to be outstripping supply,” said Matt Sigelman, CEO of Burning Glass. “In 2013, U.S. employers posted 50,000 jobs requesting a Certified Information Systems Security Professional, recruiting from a pool of only 60,000 CISSP holders. This is a huge gap between supply and demand.”
Finance and insurance and health care were among the top five industries responsible for the increase in demand. Last year, there were 209,749 national postings for cybersecurity jobs, representing 10 percent of all IT job postings.
Finance and insurance accounted for 24,145 cybersecurity job postings, 12 percent of the market, and health care accounted for 12,257 job postings, representing 6 percent of the market in 2013. Professional services represented 38 percent of postings, manufacturing and defense, 14 percent; information, 8 percent; public administration 5 percent; retail, 5 percent and 13 percent for “other,” Burning Glass said.
Cybersecurity jobs paid a premium of more than $15,000 compared to other IT jobs, Burning Glass said, and the average advertised salary was $93,028 compared to $77,642 for all other IT postings.
This piece was originally published by Insurance Networking News. Published with permission.