Whether or not you have to take a pay cut depends on how well you can position yourself as a capable information security person (and of course, on how much you were making in your previous incarnation). If you're prepared to understand what prospective employers are looking for in security professionals and position yourself as to how you meet those requirements, given your degree, your prior experience, and your willingness to demonstrate...
your interest in the field with more certifications, I don't think you're going to have too much trouble finding work.
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