Analytics News

Companies are eager to capture data and derive insights from it because of the technological advancements we are seeing. Accessibility of the data today can help to reap multiple benefits organizations from it. Because of this reason, companies are not shying away from offering increased data scientist salary in India. Companies are offering  huge salaries at those having skills to take on the positions of Data Analysts, Scientists, Engineers, etc.

India is the second-highest country to recruit employees in the field of data science or data analytics, etc. with 50,000 positions available – second only to the United States. The demand for data experts is equally competitive, whether you look at the big companies, the e-commerce industry or even start-ups.

Thus, if you have the required skillset and are ready to keep yourself updated, your career as a Data Scientist is expected to keep growing onwards and upwards. This line stands true especially when we consider that a data scientist salary in India is directly or indirectly dependent on how upskilled and updated they are.

We are sure, this must-have sparked a will to become a Data Scientist within you!

India is the second-highest country to recruit employees in the field of data science or data analytics,

Data Scientists are inherently analytical data experts equipped with the requisite skills to solve complex problems complemented with the unquenching thirst for exploring a wide array of issues that need to be addressed. They are highly skilled individuals combining the best of both worlds – IT and business. Hence, data scientists are part computer scientists, part mathematicians, and part trend-analysers. Because of the demand, data scientist salary in India is one of the highest.

Requisite skills for a data scientist

  • Knowledge of algorithms, statistics, mathematics and machine learning.
  • Programming languages such as R, Python, SQL, SAS, and Hive.
  • Business understanding and the aptitude to frame the right questions to ask, and find answers in the available data.
  • Communication skills in order communicate the results effectively to the rest of the team.
  • Knowledge of algorithms, statistics, mathematics and machine learning.
  • Programming languages such as R, Python, SQL, SAS
  • R Programming
  • Data Science and Predictive Analytics on R
  • SAS Programming
  • Analytics on SAS
  • Data Visualisation on Tableau
  • Python Programming
  • Data Science on Python
  • VBA Macros and Advanced Excel
  • SQL

Private training organisations like OrangeTree Global have been supplying streamlined manpower in Analytics for over a decade.

Data Science Job Roles

1. Data Scientists

Data science is basically statistics implemented through programming. Alongside R, Python has also shown its mettle in sorting out data as per generic as well as specific requirements. As far as India is concerned, Python programmers for data science earn more than both software developers as well as DevOps programmers. The reason for this is that data collection, data cleaning and processing is becoming very common nowadays as companies need data to gather market and customer information.

This requires a niche of Python programmers who are specially trained in the collection and processing of data through libraries like NumPy and Pandas. Data scientists are in high demand in major metros like Delhi-NCR and Mumbai and emerging cities such as Pune and Bangalore.

Responsibilities of Data Scientists

  • Gathering vast amounts of structured and unstructured data and converting them into actionable insights.
  • Identifying the data-analytics solutions that hold the most significant potential to drive the growth of organisations.
  • Using analytical techniques like text analytics, machine learning, and deep learning to analyse data, thereby unravelling hidden patterns and trends.
  • Encouraging data-driven approach to solving complex business problems.
  • Cleansing and validating data to optimise data accuracy and efficacy.
  • Communicating all the productive observations and findings to the company stakeholders via data visualisation.

Data Scientists Salary Range in India

The average data scientists salary is ₹708,012. An entry-level data scientist can earn around ₹500,000 per annum with less than one year of experience. Early level data scientists with 1 to 4 years experience get around ₹610,811 per annum.

A mid-level data scientist with 5 to 9 years experience earns ₹1,004,082 per annum in India. As your experience and skills grow, your earnings rise dramatically as senior-level data scientists around more than ₹1,700,000 a year in Ind

 

2. Data Engineers

The primary job of a Data Engineer is to design and engineer a reliable infrastructure for transforming data into such formats as can be used by Data Scientists. Apart from building scalable pipelines to covert semi-structured and unstructured data into usable formats, Data Engineers must also identify meaningful trends in large datasets. Essentially, Data Engineers work to prepare and make raw data more useful for analytical or operational uses. There are many myths about data engineers and most of them are far from reality.

In an organization, the position of a Data Engineer is as vital as that of a Data Scientist. The only reason why Data Engineers remain away from the limelight is that they have no direct link to the end product of the analysis.

Responsibilities of Data Engineers

  • Integrate, consolidate, and cleanse data collected from multiple sources.
  • Prepare raw data for manipulation and predictive/prescriptive modeling by Data Scientists.
  • Develop the necessary infrastructure for optimal extraction, transformation, and loading of data from disparate sources using SQL, AWS, and other Big Data technologies.
  • Deploy sophisticated analytics programs, machine learning algorithms, and statistical techniques to build data pipelines.
  • Assemble vast and complex data sets to cater to the functional and non-functional business requirements.
  • Identify and develop innovative ways to improve data reliability, efficiency, and quality.
  • Develop, construct, test, and maintain data architectures.

Skills required to be a Data Engineer

  • Active project management and organizational skills.
  • Strong analytic skills to handle and work with large, unstructured datasets.
  • Strong programming flair in trending languages, including Python, Java, C++, Scala, Ruby, etc.
  • Advanced working knowledge of SQL, along with experience in working with relational databases.
  • Proficiency in working with a wide variety of databases.

Data Engineer Salary Range in India

According to Glassdoor, the average Data Engineer salary in India is Rs.8,56,643 LPA. But of course, the Data Engineer salary depends on several factors, including company size and reputation, geographical location, education qualifications, job position, and work experience. Reputed companies and big players in the Big Data industry like Amazon, Airbnb, Spotify, Netflix, IBM, Accenture, Deloitte, and Capgemini, to name a few, usually pay high compensation to Data Engineers. Also, the more your past work experience in Big Data, the higher will be your market value.

Despite the global demand-supply paradox (the demand for Data Engineers far exceeds their supply), the career prospect of Data Engineers looks promising in India. According to Analytics India Magazine report,

“While IT firms have shown a negative trend, the demand for data engineering professionals has increased across the companies, resulting in a significant jump in their salary structure. Whereas for salaries across analytics skills, advanced analytics roles and predictive modeling professionals grabbed the limelight compared to other roles.”

As for Data Engineers in their early career (1-4 years of experience), they make anywhere around Rs.7,37,257 LPA. As they proceed to mid-level (with 5-9 years of experience), the salary of a Data Engineer becomes Rs.1,218,983 LPA. Data Engineers having over 15 years of work experience can make more than Rs.1,579,282 LPA.

 

 

3. Data Analyst

Data Analysts are professionals who translate numbers, statistics, figures, into plain English for everyone to understand.

Given the circumstances, there’s always an increasing scope for Data Analysts at the workplace, and it may be an excellent choice for those who have a strong foothold in mathematics, statistics, computer science or business backgrounds. This position includes data mining, fluency in languages like SQL, Python, etc. to extract the relevant insights from the data sets as well as channeling those ideas through visualizations and reports.

Data Analyst Responsibilities

  • To analyze and mine business data to identify correlations and discover valuable patterns from disparate data points.
  • To work with customer-centric algorithm models and personalize them to fit individual customer requirements.
  • To create and deploy custom models to uncover answers to business matters such as marketing strategies and their performance, customer taste, and preference patterns, etc.
  • To map and trace data from multiple systems to solve specific business problems.
  • To write SQL queries to extract data from the data warehouse and to identify the answers to complex business issues.
  • To apply statistical analysis methods to conduct consumer data research and analytics.

Data Analyst Salary in India

For a data analyst in India, having 1 – 4 years of experience has a gross earning (including tips, bonus and overtime pay) of Rs 3,96,128, while a mid-career Data Analyst with 5 – 9 years of experience can make up to Rs 6,03,120 based on the organization and the location of the working place. And if you are a matured and experienced Data Analyst who has been in the industry or 10 – 19 years can earn an average total compensation of Rs 9,00,000.

 

Source: Payscale

– 78% of the analytics professionals in India are under the salary bracket of 0 – 6 Lakhs at their entry level, but since there has been a rise in the number of freshers in Data Analysis in India, this is an excellent indication for maturing the industry.

– The salaries for 4 – 6 years of experienced remain stable at 8.7 Lakhs.

– For the Senior Data Analyst having substantial experience of 12 or more years has witnessed a sharp 20% rise in their salaries last year.


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Author: orangetreeglobal

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