Feeds

Infosec job prospects recover after credit-crunch slide

Trebles all round, especially for ID management experts

Reducing security risks from open source software

The information security recruitment market is beginning to recover, after problems with the wider economy pushed job prospects and salaries down to a record low last summer, according to a new UK-focused salary survey.

Information Security was hit by the recession worse than other areas of corporate governance, internal audit, risk management, compliance and legal.

A study by recruitment experts Barclay Simpson, published on Friday, found that typical daily rates for security consultants fell between 10 and 20 per cent during 2009. Most information security freelancers signed full-time contracts amid concerns over whether ongoing contracts would be continued.

Fast forward six months from an August 2009 low and things are looking much more healthy. Barclay Simpson reports a recent increase in the number of vacancies on its books, even though job prospects for contractors are yet to recover to pre credit-crunch boom times.

Vacancies were 53 per cent higher in the second half of 2009 than in the first six months of the year, a record low, Barclay Simpson reports. Salary increases by those moving jobs recovered from 4 per cent in 1H09 to 6 per cent in the second half of last year.

Permanent job salary levels range between £36,000-£40,000 for a security analyst in London, through £65,000-£75,000 for a team leader, and on to a heady £110,000-£130,000 for head of information security roles in financial institutions. Salaries outside London are between 10-20 per cent lower. Senior consultancy pay rates are roughly comparable with in-house management jobs.

Security contractors can expect to earn between £300-£350 per day in London rising to £550-£650 per day for identity management work. Gaining expertise in this key area has much become a much sought after and handsomely paid skill.

Although the current number of vacancies remains a third 32 per cent lower than pre-credit crunch levels, the growth in employment opportunities is steady and continuing, Barclay Simpson reports. Increased confidence means the number of security specialists who have registered with the recruitment consultancy as a result of redundancy or the threat of redundancy has halved.

The improved finances of UK banks, always a big employer of information security experts, and the stabilization of the wider economy have improved the job prospects of security contractors and consultants. The high profile role that governance and regulation serve in the management of firms has also helped in directing spending priorities towards information security projects.

"We are cautiously optimistic about the recovery that is underway within the corporate governance recruitment market,” said Adrian Simpson of Barclays Simpson. “Bank failures have focused attention on their governance and regulators throughout the world are responding. It is clear that corporate governance is no longer perceived as a 'nice to have' function, but an essential business requirement."

"We are confident that the demand for information security professionals will continue to improve and we are already seeing staff shortages in specialist areas," he added.

Barclay Simpson's 2010 recruitment market report, which contains a detailed breakdown of salary trends and vacancies in information security and a look towards future prospects, can be found here

Skills shortages created through rationalisation in early 2009 have created increases in the number of banking sector vacancies on Barclay Simpson's books, a trend it expects will continue during the rest of 2010. Smaller banks have started directly employing information security staff, after the FSA began taking greater interest in info protection.

The recruitment firm expects an increase in work, for both both permanent staff and contractors, in privacy impact assessments during the second half of 2010. In-house risk assessors and security specialists can also look forward to increased opportunities in cloud computing. ®

Seven Steps to Software Security

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.