Digital technologies will comprise seven percent of Australia’s GDP by 2020, and as a result cybersecurity has emerged as a vital, rapidly growing field of employment.
According to a report from our industry partner Cisco, there are currently one million cybersecurity job openings globally. This demand is projected to increase to 6 million globally by 2019, with an expected shortfall of 1.5 million, reports Michael Brown, CEO at Symantec.
Cybersecurity = job security
Joe Franzi, head of cybersecurity at Australian Signals Directorate recently told the ABC, ‘the demand for cybersecurity professionals is insatiable at the moment, and this is not just an Australian problem. It’s a global problem.’ The need for creative problem-solvers is at an all-time high across a range of industries including banking and finance, healthcare, law, retail, defence and government.
Alec Ross, author of The Industries of the Future and former advisor to the US Secretary of State, believes cybersecurity is one of the most secure career options available.
‘If a college student asked me what career would most assure 50 years of steady, well-paying employment, I would say cybersecurity. The growth is steep, the need will be sustained, and this need currently comes up against a major talent shortage.’
A growth industry
The global cybersecurity market is booming in the wake of high profile attacks such as Stuxnet and the Ashley Madison hack. Back in 2004, the market was valued at USD$3.5 billion. By 2015 it had risen exponentially to around USD$78 billion, and by next year that figure is projected to balloon to USD$120 billion.
Right now, companies are looking for skilled workers who just aren’t there. As a result, wages are being driven up. A recent report showed that the average salaries of cybersecurity workers are nine per cent (USD$6,500) higher per year than other IT workers.
According to the Bureau of Labor Statistics, an information security analyst receives a median pay of $88,890 per year, with the lowest 10 per cent earning around USD$50,300 per year and the highest earning more than USD$140,460 (around A$183,500).
Secure your future with cybersecurity
The rapid evolution of cybercrime means that cybersecurity can no longer be isolated to IT departments – it needs to be addressed across all functions of an organisation or business.
Companies are looking to employ people with a skillset beyond just the basics of information technology and security.
Simone Bachmann, Head of Information, Security, Innovation and Culture at Australia Post, explains, ‘we need people with problem solving skills, we need innovators, we need people with legal and regulatory skills, we need communicators and educators to help people understand the problem.’
Our suite of Master of Cybersecurity programs – designed by industry, for industry – have been developed to meet the needs of today’s employers. Our degrees will teach you a practical and creative skillset, supported with a theoretical framework developed by industry leaders. Our strong partnerships with companies such as Cisco, Australia Post, Optus and Atlassian mean you’ll graduate ready to take the next step in your career.
Choose from three streams in our suite of Master of Cybersecurity programs, and match your interests to industry demand:
- Master of Cybersecurity (Computer Science) – learn to think like a hacker to better detect, deter and respond to cybersecurity threats
- Master of Cybersecurity (Business Operations) – use analytics and risk management processes to bridge the technical IT functions with the broader business cyber strategy
- Master of Cybersecurity (Law) – be at the forefront of defence against cybercrime and explore the emerging legal challenges created by the networked world