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Right Arrow Button IconOnline vs. in-person programs: Understanding the value of your cybersecurity program

How much can you make with an online master’s degree in cybersecurity?

Jasmine Suarez
By
Jasmine SuarezJasmine Suarez
Jasmine SuarezJasmine Suarez
Senior Staff Editor
Jasmine Suarez
By
Jasmine SuarezJasmine Suarez
Jasmine SuarezJasmine Suarez
Senior Staff Editor
July 7, 2022 at 5:03 PM UTC
Woman programmer teaches students how to code with a console projection on the wall
Four months post-graduation, 30% of schools in our 2024 best online master's in cybersecurity rankings reported average student salaries of around $116K.

As the global cybersecurity workforce growth flatlines at 5.5 million professionals, a stark contrast emerges between the urgent demand for skilled experts and the industry’s ability to fill critical roles. 

With an estimated 4.8 million unfilled cybersecurity positions worldwide, aspiring professionals are increasingly turning to online master’s degrees in cybersecurity as a potential fast track to lucrative careers. Nevertheless, cybersecurity remains a competitive field, which invites questions about the true value and efficacy of these virtual programs in preparing candidates for the ever-evolving challenges of digital defense.

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Online vs. in-person programs: Is there a difference in outcome for graduates?

When comparing online and in-person master’s programs, the impact on prospective salaries appears negligible. Employers increasingly recognize the rigor and quality of online education, particularly from reputable institutions. The key differentiator in salary potential seems to stem more from the program’s reputation and curriculum rather than its delivery method.

Online programs offer distinct advantages, including greater flexibility and convenience. Students can maintain full-time employment while pursuing their degree, potentially leading to immediate application of new skills and faster career advancement. Additionally, online programs often provide access to cutting-edge virtual labs and simulations, closely mimicking real-world cybersecurity scenarios.

However, online education is not without its challenges. It requires strong self-discipline and time management skills. Some students may miss the face-to-face interactions and networking opportunities that traditional campus programs offer. 

Ultimately, the decision between online and in-person programs should be based on individual circumstances and learning preferences. Both formats can lead to substantial salary increases and career advancement in the cybersecurity field. The critical factor is choosing a program with a strong curriculum aligned with industry needs and certifications, regardless of its delivery method.

Can you make six figures in cybersecurity, and does a master’s degree in cybersecurity help?

Yes, you can make six figures in cybersecurity, and a master’s degree can significantly boost your earning potential in this field.

Many cybersecurity roles offer salaries well above $100,000, especially for professionals with advanced skills and experience. For instance, Chief Information Security Officers (CISOs) command some of the highest salaries, with an average range of $282,741 to $478,000.

Pro tip

For those interested in cybersecurity but don’t want the commitment of a master’s degree, a bootcamp can help get your foot in the door. 

While it’s possible to earn six figures in cybersecurity without a master’s degree, having one can give you a competitive edge in the job market and potentially lead to higher starting salaries. As the cybersecurity field continues to grow and evolve, the advanced knowledge and skills gained from a master’s program can help ensure long-term career success and financial rewards.

10 cybersecurity positions and what they pay

There are many different career paths available to those interested in pursuing cybersecurity as a career. Here are 10 cybersecurity jobs that you can consider, listed in order of salary, lowest to highest. 

Security operations center (SOC) analyst

Pay range: $86,000–$145,000/yr

M.S. in cybersecurity: Not needed

A Security Operations Center (SOC) analyst is responsible for monitoring, analyzing, and protecting an organization’s digital assets from cyber threats. They serve as the first line of defense against potential security breaches, working within a dedicated team to detect, evaluate, and respond to cybersecurity incidents in real-time. SOC analysts use various security tools and technologies, such as SIEM systems, intrusion detection systems, and firewalls, to continuously monitor network traffic, system logs, and other security-related data for signs of suspicious activity or potential vulnerabilities.

Penetration tester

Pay range: $105,000–$190,000/yr

M.S. in cybersecurity: Not needed

A penetration tester, also known as an ethical hacker, is someone who simulates real-world cyberattacks to identify vulnerabilities in an organization’s digital infrastructure. They use a variety of tools and techniques to probe networks, systems, and applications for weaknesses that malicious hackers could potentially exploit. This process involves conducting thorough vulnerability assessments, attempting to bypass security controls, and exploiting any discovered vulnerabilities to gain unauthorized access. Penetration testers often employ methods such as social engineering, password cracking, and exploiting software flaws to test the full spectrum of an organization’s defenses.

Cybersecurity analyst

Pay range: $106,000–$172,000/yr

M.S. in cybersecurity: Rarely needed

A Cybersecurity Analyst is a professional responsible for protecting an organization’s computer networks, systems, and digital assets from cyber threats and unauthorized access. They monitor network traffic, analyze security events, and investigate potential incidents using various tools such as firewalls, intrusion detection systems, and security information and event management (SIEM) software. Cybersecurity Analysts conduct vulnerability assessments, perform penetration testing, and implement security measures to address weaknesses in the organization’s IT infrastructure. They also develop and enforce security policies, ensure compliance with industry regulations, and stay updated on the latest cyber threats and security trends.

Information security analyst

Pay range: $112,000–$178,000/yr

M.S. in cybersecurity: Rarely needed

An Information Security Analyst is responsible for protecting an organization’s computer networks, systems, and digital assets from cyber threats and unauthorized access. They monitor network traffic, analyze security events, and investigate potential incidents using various tools such as firewalls, intrusion detection systems, and security information and event management (SIEM) software. These professionals conduct vulnerability assessments, perform penetration testing, and implement security measures to address weaknesses in the organization’s IT infrastructure. They also develop and enforce security policies, ensure compliance with industry regulations, and stay updated on the latest cyber threats and security trends.

Cybersecurity engineer

Pay range: $122,000–$197,000/yr

M.S. in cybersecurity: Sometimes needed

A Cybersecurity Engineer is a specialized IT professional responsible for protecting an organization’s digital assets, networks, and systems from cyber threats. They design, develop, and implement secure network solutions and security systems to safeguard against unauthorized access, cyberattacks, and data breaches. Their primary duties include conducting comprehensive risk assessments, performing vulnerability scans and penetration testing, and implementing various security measures such as firewalls, intrusion detection systems, and encryption techniques. Cybersecurity Engineers also monitor systems and networks for suspicious activities, maintain and upgrade security measures, and lead incident response efforts in the event of a security breach.

Application security engineer

Pay range: $150,000–$248,000/yr

M.S. in cybersecurity: Rarely needed

An Application Security Engineer is responsible for ensuring the security of an organization’s software applications throughout their entire lifecycle. They work closely with development teams to integrate security practices into all phases of software development, from design to deployment. Their primary duties include conducting security assessments, performing vulnerability scans and penetration testing, and implementing robust security measures such as authentication, encryption, and authorization. Application Security Engineers also develop and enforce security policies, conduct code reviews, and provide guidance on secure coding practices to developers.

Cybersecurity consultant

Pay range: $151,000–$263,000/yr

M.S. in cybersecurity: Sometimes needed

A cybersecurity consultant provides expert advice and services to organizations to help protect their digital assets from cyber threats. Their primary role is to assess an organization’s current security posture, identify vulnerabilities, and develop strategies to enhance overall cybersecurity. This involves conducting comprehensive risk assessments, analyzing potential security risks, and evaluating the effectiveness of existing security measures. Based on their findings, consultants develop tailored cybersecurity strategies and policies, including guidelines for password management, access control, data encryption, and other security protocols aligned with industry standards and regulations.

Cloud security engineer

Pay range: $161,000–$265,000/yr

M.S. in cybersecurity: Rarely needed

A Cloud Security Engineer is responsible for designing, implementing, and maintaining security measures to protect an organization’s cloud-based systems, data, and infrastructure from cyber threats. They work on creating secure cloud architectures, conducting vulnerability assessments, and implementing robust security controls such as encryption, access management, and network security. Cloud Security Engineers also monitor cloud environments for potential security risks, perform regular security audits, and ensure compliance with relevant regulations and industry standards.

Security architect

Pay range: $185,000–$293,000/yr

M.S. in cybersecurity: Sometimes needed

Security architects are senior-level cybersecurity professionals responsible for designing, implementing, and maintaining an organization’s security systems to protect its digital assets from cyber threats. The role involves creating comprehensive security architectures that align with the organization’s goals while addressing current and emerging threats. Security Architects assess existing IT infrastructure, identify vulnerabilities, and develop strategies to mitigate risks through robust security measures. They also oversee the implementation of identity and access management (IAM) systems, disaster recovery plans, and compliance with regulatory requirements. Security Architects collaborate with IT teams, developers, and business leaders to integrate security into all aspects of an organization’s operations.

Chief information security officer (CISO)

Pay range: $282,000–$478,000/yr

M.S. in cybersecurity: Often needed 

A Chief Information Security Officer (CISO) is a senior-level executive responsible for overseeing an organization’s information security strategy and implementation. The CISO plays a crucial role in protecting the company’s data, systems, and networks from cyber threats while ensuring compliance with relevant regulations and industry standards. The primary responsibilities of a CISO include developing and implementing a comprehensive information security program aligned with the organization’s business objectives. This involves assessing and auditing computer networks and IT infrastructure for potential vulnerabilities, establishing security measures to detect, prevent, and mitigate cyber attacks, and creating disaster recovery plans for compromised data.


Frequently asked questions

Will a master’s in cybersecurity get me a job?

A master’s degree in cybersecurity can significantly enhance your job prospects, but it doesn’t guarantee employment. While the degree opens doors to advanced roles and can lead to higher salaries, employers often value practical experience and industry certifications alongside formal education.

Is it worth it to get a master’s degree in cybersecurity?

While not necessary for all cybersecurity jobs, a master’s degree can be particularly beneficial for those aiming for senior roles or looking to specialize in high-level cybersecurity functions. However, the value of the degree can vary depending on factors such as your work experience, career goals, and the specific program chosen. It can significantly enhance your career prospects by opening doors to advanced and specialized roles in the field, potentially leading to higher salaries and increased job security. The degree provides in-depth knowledge and skills in areas such as network security, cryptography, and ethical hacking, which are highly valued by employers. 

Can you make $500,000 a year in cybersecurity?

Yes, it is possible to make $500,000 a year in cybersecurity, but such high salaries are rare and typically reserved for top-tier positions or exceptional circumstances. Chief Information Security Officers (CISOs) at large corporations, especially in major cities, can command salaries in the $282,000–$478,000 range, with some potentially exceeding $500,000 when including bonuses and stock options. 

What is the highest paid position in cybersecurity?

The highest-paid position in cybersecurity is typically the Chief Information Security Officer (CISO). CISOs command top salaries in the industry, with average annual earnings ranging from $282,000–$478,000/yr. As senior executives responsible for overseeing an organization’s entire information security strategy and implementation, CISOs play a crucial role in protecting company data, systems, and networks from cyber threats. Their high salaries reflect the critical nature of their position, the extensive experience and expertise required, and the significant responsibilities they shoulder in safeguarding an organization’s digital assets in an increasingly complex threat landscape.

Read more

  • Looking into learning more about cybersecurity? Check out our ranking of the best masters in cybersecurity programs.
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  • Interested in computer science? Here’s our ranking of the best online computer science masters programs.
  • Cybersecurity is essential in the modern workforce, and one of the best cybersecurity bootcamps can help you hone that skill.
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    About the Contributor

    Jasmine Suarez
    By Jasmine SuarezSenior Staff Editor
    LinkedIn iconTwitter icon

    Jasmine Suarez was a senior editor at Fortune where she leads coverage for careers, education and finance. In the past, she’s worked for Business Insider, Adweek, Red Ventures, McGraw-Hill, Pearson, and more. 

    See full bio

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