Certified Information Security Manager (CISM) is one of the popular information security management, governance, risk management, and compliance professional certifications. Even though the certification enhances career and revenue opportunities, it comes at a series of fees such as exam registration fee ranging from $475 to $760, ISACA membership fees of $135 every year, retake fee, and renewal fee for a certificate every two years. There are even other expenses such as training seminars, study guides, and rewrites of exams that can affect the cost of investment. However, the investment largely repays through increased levels of salary, protection of jobs, and leadership of information security roles.
Apart from expense, future candidates must face rigorous qualifications, including the requirement of five years of experience in information security (waivers permitted). It has four competency areas, which are Information Security Governance, Risk Management, Development of Security Programs, and Incident Management. CISM is most apt for those looking for leadership positions the most compared to others such as CISSP (technical), CISA (audit), and CRISC (risk management). Notwithstanding varying prices by place, CISM certification is absolutely worth every penny as it repays tremendous investment to individuals who desire to be the best cybersecurity leader.
Certified Information Security Manager (CISM) is a very renowned certificate by ISACA (Information Systems Audit and Control Association). CISM is designed for information security management professionals who wish to show their ability of managing, designing, leading, and assessing an enterprise's information security program. CISM can be best appreciated by industries that appreciate data security and risk management the most, such as finance, healthcare, and government.
Experts pursue CISM certification to ensure that they have the right skills and knowledge in information security management. It is necessary for individuals who wish to pursue information security leadership, information security governance, or risk management. With a CISM certificate, experts are able to demonstrate their competence in incident response, security program development, and threat assessment, and therefore become worthy candidates for desired positions.
CISM certification is a high-level qualification within the cybersecurity domain. CISM professionals are reported to have better career growth, access to senior positions, and better pay. Industry reports show that CISM professionals command better pay compared to non-certified peers. The certification provides better job security as companies place great emphasis on securing their IT infrastructure and data, thereby creating a steady demand for CISM professionals.
Before taking the CISM certification, candidates must meet certain education and experience requirements. Traditionally, for a candidate to be eligible to take the examination, the candidate should possess five years of working experience in information security management. Waivers and substitutions can, however, be granted within specified areas of experience or education. Candidates should check whether they are meeting requirements established by ISACA prior to taking the examination.
The registration fee for the CISM exam varies according to your membership with ISACA. For members who are not part of ISACA, the registration fee for the exam generally varies between $575 and $760. ISACA members pay a discounted registration fee and it generally varies between $475 and $635. It is preferable to become an ISACA member to avail of discounted exam charges as well as other advantages including study material and networking.
ISACA offers varying degrees of membership, with an annual cost of normally $135 for professionals. In addition to reducing the registration cost of the exam, membership opens up exclusive resources, networking opportunities, webinars, and publications that will contribute to your study for the exam and also in your professional career.
In case you have to retake the CISM exam, the retest cost is the same as the original exam cost. The retake would be between $575 to $760 for non-members or between $475 to $635 for ISACA members. It is extremely crucial that you thoroughly study for the exam so that you will not experience the discomfort and cost of having to retake the exam.
Once you are certified with the CISM certificate, it must be updated with ongoing professional development (CPD). It is a $45 annual maintenance fee for members of ISACA and an $85 annual fee for non-members. In addition to the maintenance fee, the professionals must acquire 20 CPE (Continuing Professional Education) hours yearly to remain actively certified. Thus, they remain updated with today's trend and best practice in information security.
If you need to reschedule your CISM exam, ISACA allows you to reschedule within 72 hours of the exam date. The rescheduling fee is typically $50. It would be better that you schedule your exam dates in advance so you will not be needing rescheduling fees and you will not be behind schedule in gaining your certification.
The four main areas in the CISM certification exam are:
All these fields have their own knowledge areas and activities, and it is essential to cover each area of these fields in your training to prepare yourself well for the exam.
The salary of a CISM-certified professional is based on location, industry, and experience. On average, though, the CISM-certified professional receives $100,000 to $120,000 annually. Evidence from the Global Information Security Workforce Study reveals that the CISM-certified professional scores more than his or her non-certified counterparts within the same job.
In preparation for CISM examination, the majority of candidates utilize training programs or study guides. Training is priced differently depending on the category of training you desire. Web-based training and study guides vary from $200 to $2,000. ISACA provides a variety of study aids like practice exams, books, and web-based training.
CISM studying might be expensive, especially if you're doing it with instructor-led classes or workshops. Professional courses and guides to study usually fall between $500 and $2,500. However, the study guides at a discounted rate are provided for ISACA members, and also free study guides can be used, such as community forums, webinars, and study groups.
CISM and Certified Information Systems Security Professional (CISSP) both hold high prestige in information security practice but have differing natures. CISM is more in control of managing information security, while CISSP is of a technical nature and spans wide scope in terms of security. CISM would be ideally suitable for those within the management rank, while CISSP suits those who have a more technical orientation.
CISA (Certified Information Systems Auditor) is another ISACA certification and has a greater focus on auditing, control, and assurance of information systems. While CISM targets management, governance, and risk, CISA is intended for audit and compliance professionals.
Certified in Risk and Information Systems Control (CRISC) relates directly to risk control and management within an enterprise. CISM, on the other hand, relates to information security incident response, management, and governance on a general scale. CRISC would suit risk control and management specialists, but CISM encompasses more in the way of information security.
The cost of CISM certification will vary region-wise. For example:
Candidates should verify the exact fee based on their location and membership.
How long one takes to become CISM certified depends on your experience and preparation. Preparation for the exam would take approximately 3 to 6 months.
No, you should possess a minimum of five years of information security management experience. Specific academic certifications and experience alternatives may be employed as alternatives.
CISM certification needs to be renewed each year by obtaining 20 CPE hours and maintaining annual fee payment.
The CISM certification is an investment in a professional career that adds useful knowledge and credibility to the art of information security management. Despite the cost of the certification, including examination fees, training, and maintenance, the return on investment is well worth the expense. With potential salary raises, career growth, and professional standing, CISM is an investment that is well worth it for those who want to become leaders in the information security field.
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