Foote Partners Report: ISACA Certifications Earn Top Pay Premiums
September 2011 by ISACA
According to a new report from independent IT research firm Foote Partners LLC, ISACA’s certifications are earning top pay premiums. The recent update of the firm’s IT Skills and Certification Pay IndexTM found that the Certified Information Security Manager (CISM) and Certified Information Systems Auditor (CISA) designations earn the highest pay premiums among 53 information security certifications reported. The Certified in the Governance of Enterprise IT (CGEIT) credential also earns an above-average premium.
The market value for CISM increased by 8.3 percent from April to June 2011, the report shows, and is currently earning a pay premium of between 11 percent and 15 percent of base salary. Both CISA and CISM are averaging 13 percent of base salary in premium pay, and CGEIT earns between 8 percent to 11 percent and is averaging 10 percent of base salary. The average pay premium for the 237 certifications reported in the IT Skills and Certification Pay Index is 7.1 percent of base salary and ranges from 5.2 percent to 8.8 percent.
“The Foote Partners study confirms what global professionals and their employers share with us regarding the value of ISACA certifications,” said Allan Boardman, CISA, CISM, CGEIT, CRISC, CA (SA), CISSP, chair of ISACA’s Credentialing Board. “ISACA certification holders can benefit from deeper career knowledge and higher pay, and their employers benefit from being able to identify an employee’s dedication to the field and commitment to ongoing professional development, as well as demonstrated proof of knowledge.”
The IT Skills and Certification Pay Index is the result of continuous tracking of IT skills pay and demand at 2,126 private and public-sector organisations in the US and Canada, representing 118,300 IT professionals.