CISOs’ salary growth slows – with pay gap widening
The Register – Connor Jones
The gap between the top and bottom-earning CISOs is growing wider, with the highest-paid execs having their salaries increased at three times the rate of those at the lower echelons.
That’s according to the latest results of IANS’ survey of 600 US-based CISOs, which also found that most people working in the role are either earning below $400,000 or above $700,000 a year.
The majority (52 percent) are earning less than $400,000 annually, and most in this bracket (30 percent) are earning less than $300,000.
One in five of all CISOs earn above $700,000 and half of these corporate rockstars are paid more than $1 million a year.
Overall, CISO compensation grew 11 percent year-on-year, but the growth rate has slowed from last year’s 14 percent.
CISOs looking to become a member of the top-earner club should target roles in the top-three sectors, the only ones on average to pay above the median package of $500,000.
Finance unsurprisingly took the top spot with an average total compensation package of $728,000, with tech coming in second with $678,000.
The general business services sector also pays above average at $569,000.
CISOs in the legal sector earned on average less than those in other industries with a $333,000 total package, although nearly all of this was cash rather than a combined total including equity value.
Healthcare was the only other industry to offer a package that was both below the average total comp and total cash comp.
Link: https://www.theregister.com/2023/10/11/cisos_salary_growth_slows/