Average Cyber Security Specialist Salary in Palau for 2024

In this article, we will look at the average Cyber Security Specialist salary for 2024 in Palau and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the United States dollar. To keep things simple, we are using the USD currency code instead of the currency symbol $.

How Much Does a Cyber Security Specialist Make in Palau?

A Cyber Security Specialist working in Palau will typically earn around 35,260 USD per year, and this can range from the lowest average salary of about 17,860 USD to the highest average salary of 58,440 USD.

These are average salaries for a Cyber Security Specialist in Palau and include benefits such as housing and transport. It's also possible for a Cyber Security Specialist to earn more or less than the average salaries shown above.

Cyber Security Specialist salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Cyber Security Specialist Salaries in Palau

So we've looked at the average salaries a Cyber Security Specialist will earn in Palau. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Cyber Security Specialist can earn between 17,860 USD and 58,440 USD on average in Palau. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Cyber Security Specialist in Palau is 36,580 USD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 36,580 USD, and 50% of the population earn more than 36,580 USD.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Cyber Security Specialist salary in Palau, 25% of the population are earning less than 26,020 USD while 75% of the population earn more than 26,020 USD.

75% of the population earn less than 48,160 USD, and 25% of the population earn more than 48,160 USD.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

Cyber Security Specialist Salary by Experience Level in Palau

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average cyber security specialist salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

• 0 - 2 Years Experience. A Cyber Security Specialist in Palau that has less than two years of experience can expect to earn somewhere in the region of 21,020 USD.
• 2 - 5 Years Experience. With two to five years of experience the average Cyber Security Specialist salary would increase to 28,820 USD.
• 5 - 10 Years Experience. From five to ten years of experience as a Cyber Security Specialist, the average salary would be 37,740 USD.
• 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 47,120 USD.
• 15 - 20 Years Experience. A Cyber Security Specialist with 15 to 20 years of experience can earn an average of 50,080 USD.
• 20+ Years Experience. For a Cyber Security Specialist with more than 20 years, the expected average salary increases to 51,120 USD.

Average Salary by Experience Chart

Cyber Security Specialist Salary by Education Level in Palau

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Cyber Security Specialist in Palau based on the education level of the employees in order to find out whether a better education level would increase your salary.

• Certificate or Diploma. A Cyber Security Specialist in Palau with a certificate or diploma education can earn an average salary of 28,820 USD.

• Bachelor's Degree. A Cyber Security Specialist in Palau with a bachelor's degree education can earn an average salary of 38,180 USD.

• Master's Degree. A Cyber Security Specialist in Palau with a master's degree education can earn an average salary of 55,320 USD.

Average Salary by Education Chart

Cyber Security Specialist Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Palau, a male cyber security specialist will earn an average of 36,020 USD, while a female cyber security specialist will earn around 35,560 USD.

This means that a male cyber security specialist earns approximately 1% more than a female cyber security specialist for performing the same job.

Average Salary by Gender Chart in Palau

Cyber Security Specialist Average Pay Raise in Palau

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Cyber Security Specialist in Palau is around 9% every 29 months.

The national average pay raise across all professions and industries in Palau is around 4% every 29 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 9 ÷ 29 ) × 12  = 4%

What this means is that a Cyber Security Specialist in Palau can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Palau for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Palau.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Cyber Security Specialist Bonus and Incentive Rates in Palau

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Cyber Security Specialist is a low bonus based job, with 38% of employees reporting at least one bonus in the last 12 months.

62% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 3% to 6%.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Palau earn approximately 19% more than private sector employees in the same role.

Salaries for Jobs Similar to a Cyber Security Specialist

In the table below, we have salary information for jobs that are similar to a Cyber Security Specialist in Palau.

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