About Data Scientist Career

The Data Science industry has many more job opportunities today than it used to have a few decades back. Data is everywhere. And companies are falling over themselves to capitalize on this abundance of data. With access to data, organizations are able to get hold of valuable information about the happening of things.

But data, as it appears to a layman, holds no value or meaning. Data needs to be analyzed and interpreted so it can be put to perspective and then to use. However, analyzing and interpreting data is not everyone’s cup of tea. It is a specialized area which only data scientists are skilled to handle.

With the growing importance of data, the importance of data scientists is also growing. And that is why companies do not hesitate to offer lucrative salaries to data scientists. This directly explains the rapid increase in Data Scientist Salary in India for freshers and experienced.

Data Scientist Salary in India

Further, there are numerous opportunities to grab when you are a data scientist. You can fill in positions of engineers, data analysts, and scientists. And trust us, this is a fun job which proves intellectually rewarding.

Different surveys have found out that India ranks second in the world with respect to recruiting employees in the data science industry. And not much surprise, the demand for this talented lot of people is only growing, that too at an unabated rate. Starting from small startups and e-commerce outlets to large companies, every business entity is interested in data scientists who can help make sense of all the data available with them.

Hence, if you have the strengths and skills to become a good data scientist, there is no reason why you shouldn’t choose it as your career. Note that to remain relevant in this field through time, it is important to keep yourself updated with different innovations and routine happenings in this industry. One thing that you need to keep in mind here is that data scientist Salary in India is heavily dependent on how informed you are, how sharp your skills are, and also, how valuable you might prove to an employer.

By now, the discussion above must have intrigued you enough. It also probably makes you want to know what is a data scientist and what is the typical data scientist salary in India. Well, we will discuss both as we progress.

Data Scientists and their Specific Roles

Data scientists are nothing but experts in the field of Data Science. They have incredible analytical capabilities and can sort out both structured and unstructured data by gathering and analyzing them in large sets. They don’t just process and model data after analyzing it, they also interpret the outcomes or the results they obtain. These results are then used to prepare actionable plans for companies to solve problems.

So, data scientists boast of both IT and business skills, which they artfully combine to help their employers. But their skills are not sharply defined. They are partly mathematicians, partly analysts of trends and partly computer science experts. To be honest, they enjoy unprecedented popularity all across India. And that is the reason why data scientist salary is one of the most lucrative in the entire country.

Let’s now take a look at some of the skills you might need as a Data Scientist

What skills are needed to be a data scientist? This is an important question if you consider pursuing a career in data science. To help you understand it better, we have dished out a few skills that you might need to be a competent data scientist-

• You need to have good knowledge of machine learning, mathematics, statistics, and algorithms.
• You might also benefit immensely from having command over certain programming languages like Hive, SAS, SQL, Python, and R.
• A little bit of knowledge about basic business and how to find answers to critical questions from available data.
• Good communication skills will make sure you can express your knowledge to your employer when you appear for a job.

What does Data Expert Do?

This seems like a simple question, but its answer covers everything that is important for someone who is only beginning to learn about the opportunities this career can offer. The answer specifically tells you what positions you can hold professionally, as someone having expertise in data. So, why wait? Let’s discuss the roles in detail.

Data Scientists

Data scientists, as discussed above, are involved in the gathering and analysis of data for practical solutions to business problems. In India, people having knowledge of python earn better than data scientists having command over other programming languages.

Data scientists are overly popular in all major cities in the country including Bangalore, Pune, Chennai, Mumbai, and Delhi NCR.

Responsibilities

• Responsibilities of data scientists include a collection of huge data sets so that they can be made ready for analysis.
• Analyze the gathered data so that it can be converted into strategies to be executed for sorting out business problems.
• While analyzing data, data scientists try to uncover patterns and trends that might remain hidden in a set of complex-looking data. And for this analysis, different analytical techniques are used such as deep learning, machine learning, and text analytics.
• To solve business problems with data-oriented solutions.
• To ensure that the data at hand is accurate and valuable, data scientists need to cleanse and validate it.

Data Scientist salary in India for Freshers and Experienced

The mean Data scientist’s Salary in India is INR 708, 012. Newbies can make something around 500,000 annually, with just a year of experience or even less. Data scientists having an experience of 1 to 4 years can earn something close to INR 610, 811, a year.

If you are a data scientist with around 5 to 9 years of experience, you could get a salary of INR 1,004,082 annually. With the improvement in your skills and also a boost in your experience, your income can overwhelmingly increase. You will be surprised to know that senior data scientists make something around INR 1,700,000 per annum in India.

Data Engineers

The main role of a data engineer is designing infrastructure to help convert data into formats that can conveniently be used by data scientists. So, they are responsible for transforming structured and semi-structured data into formats that can be used. Identifying trends in huge data sets that make sense is also an important role that data engineers perform.

Raw data needs to be made useful for operational and analytical use. Thankfully, this task is handled with great precision by data engineers. Note than the position of a data scientist and a data engineer is equally important for the growth of an organization. The reason why we don’t hear of data engineers much is that they are less associated with the end result. Whereas data scientists are directly linked with the result of data analysis.

Responsibilities

• Data collected from different sources need to be cleansed, integrated, and then consolidated. This job is done by data engineers.
• In order to build data pipelines, data engineers make use of statistical techniques, machine learning algorithms, and sophisticated analytics programs.
• To make sure the data at hand is quality data, it is efficient and also reliable, data engineers develop or identify different innovative ways.
• Data architectures are maintained, developed, constructed, and tested by data engineers.

The range of Data Engineer Salary in India

The mean Data Engineer Salary in India is INR 8, 56, 643 per annum. But then again, the salary of data engineers is dependent on a lot of considerations. Some of the most important factors are job position, the kind of work experience you have, your educational qualification, the geographical location of your job, and of course, the reputation and size of your company. You will have to be associated with biggies like Deloitte, Accenture, IBM, Netflix, Spotify, Airbnb, and Amazon to make the biggest earnings. Also, your experience in big data will prove to be a reason why companies would love to hire you.

Data engineers having 1 to 4 years of experience can earn somewhere about INR 7, 37, 257 per annum. With an experience of 5 to 9 years, you can get compensation of around INR 1, 218, 983 annually. And in case you are highly experienced and your experience exceeds 15 years, you can earn somewhere around INR 1,579, 282 per annum.

Data Analyst

If data analyst sounds fancy and you have always wondered, “What does a data analyst do?” Then here is the answer for you. Data analysts are basically analysis experts who convert figures, statistics, and numbers into an understandable form so that anyone can comprehend it.

If you have a strong grip over business principles, computer science, statistics, and mathematics, the data analyst can be a great career option for you. When it comes to skills, you might have to have command over python or SQL, besides having an understanding of data mining. These skills are required so that you can derive valuable insights from the data sets that you study.

Responsibilities

• Data analysts mine data and analyze it to spot patterns and correlations in it.
• With their skills, they help companies identify the preference patterns of their customers, their tastes, and also effective marketing strategies.
• Data analysts have to work with a customer-centric approach.
• They help in consumer data research and analytics by implementing statistical analysis methods.

Trends of Data Analyst Salary in India

If you are a data analyst in India with an experience of 1 to 4 years, then you can earn somewhere around INR 3,96,128 per annum. In case you have an experience of 5 to 9 years, then your earning could be about INR 6,03,120 annually. For experienced data analysts, having an experience of 10 to 19 years, the average salary can be somewhere around INR 9,00,000.

Factors on which Data Scientist salary in India Freshers and Experienced Depends

Although you find the average data scientist salary in India above, those compensations are not fixed or static across conditions. In fact, there are a lot of factors on which the compensation depends. Let’s now discuss some of these factors-

Location

The salary of data scientists varies from place to place. Usually, you are paid the highest when you are employed in Mumbai. The second position is bagged by Bangalore and then New Delhi. Bangalore is considered as the startup capital of India. And that is why there are many startups in this city. If you are in Bangalore then it becomes easy for you to engage as a data scientist in these startups. Data scientist salary in Bangalore is generally higher than in other cities, as it is the technological hub of India.

As per Analytics India Magazine, Mumbai offers a mean annual pay of INR 11.4 lakhs. Bangalore, on the other hand, pays around 10.3 lakhs per annum to its data scientists. Talking about New Delhi, the payment figure is INR 9.9 lakhs a year. Pune lags behind New Delhi at INR 8.8 lakhs per annum. While Chennai offers compensation of INR 8.4 lakhs a year, Hyderabad’s figure is pegged at INR 8.3 lakhs.

As per Payscale, the compensations are as follows. Mumbai offers a sum of INR 788,789 per annum. Chennai stands second, with a compensation offering of INR 794,403. Bangalore follows Chennai at INR 984, 488. Finally, Bangalore is followed by Hyderabad, Pune, and Kolkata with their salary offerings of INR 795,023, INR 725,146, and INR 402,978 respectively.

If you look at this data from a broader perspective, it becomes clear that Chennai, Hyderabad, and Bangalore are some of the best paying cities in the data science industry.

Experience

A little bit has been discussed above how data scientist salary in India increases with increase inexperience. What, however, we are trying to highlight at this point is that a data scientist can expect a hike of about 50% with their promotion to a higher position.

Skills

If you are a data scientist in India with knowledge in Python, then you can earn something around INR 10.2 lakhs per annum. Having knowledge in the programming language ‘R’ can also prove immensely beneficial to your career.

You can expect your salary to get a boost of 26% just by having command over big data and data science.

If you are a data scientist with SPSS knowledge, you can make an earning of INR 7.3 lakhs per annum. In case your expertise is in SAS, then you can expect to get somewhere around 9.1 to 10.8 lakhs per annum.

A data scientist having expertise in machine learning can easily earn somewhere around INR 3.5 lakhs. As you grow your experience and knowledge in this field, you become eligible for lucrative packages, something like INR 16 lakhs per annum.

Artificial intelligence salary in India is around 5 to 6 lakhs for beginners.

Hence, if you want to be a data scientist, make sure you hone your skills in the mentioned areas.

Companies

This is no secret that you can earn better in multinational companies and bigger firms. Most big enterprises would happily increase the salary of a data scientist by about 15%. Some of the companies that pay generously to data scientists include IBM Corp, Accenture, JP Morgan Chase and Co., American Express, McKinsey and company, Impetus, Wipro Technology, etc. From data derived from various sources, we can state that while IBM offers a salary of INR 1,468,040, Wipro which stands last in the list, makes an offering of INR 1,75,0000.

Conclusion

Data scientists are being hired at a never-before rate. Their demand is only growing with each passing day. If you are thinking of building a career in the field of data science, then it’s only natural that you would want some guidance to be decisive about whether or not to pursue it as your career. Thankfully, the discussion above regarding Data scientist salary in India for freshers and experienced serve as that guide for you. After having read the details presented above, we believe you will be in a better position to decide whether or not you wish to take the plunge.

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