Whats a Chief Security Officer Make? Depends on Where You Look
Grooming yourself to be a chief security officer? Pick the right industry and you could find yourself reporting to the CFO and pulling in upward of $400,000 per year, plus a 25 percent bonus. Pick the wrong industry, however, and you could find yourself iGrooming yourself to be a chief security officer? Pick the right industry and you could find yourself reporting to the CFO and pulling in upward of $400,000 per year, plus a 25 percent bonus. Pick the wrong industry, however, and you could find yourself in the $70,000- to $90,000-per-year range and reporting well down in the chain of command. According to a new research report from Giga Information Group Inc., of Cambridge, Mass., CSOs in financial services companies are most likely to pull down the big bucks and to report to top management. Among financial services industry CSOs, those reporting to the CIO can expect to make between $125,000 and $270,000 per year plus a 15 percent to 25 percent bonus. Financial services industry CSOs reporting to the CFO or COO can earn up to $400,000 per year. While financial services companies appear to be on the cutting edge when it comes to granting top status and pay to CSOs, high-tech manufacturing companies and software companies are not far behind, according to Steve Hunt, Giga vice president and head of the companys security practice.
Telecom companies, utilities and manufacturing companies, on the other hand, are the least likely to treat the CSO as a high-paid, high-ranking officerif, in fact, they have a CSO at all. At companies in those industries, CSOs tend to report to executives two levels below the CIO and to earn between $70,000 and $90,000 before bonuses, which average 15 percent.