Data Scientist Salary in India


Data Scientist Salary
Data Scientist Salary Image source: inc. Magazines

Introduction:

The field that can be extracted and used by the data scientist is the combination of programming ability, domain knowledge, statistics and mathematics knowledge, and the creation of images, videos, and audio for the artificial intelligence to execute the human intelligence. Data Scientist Salary in India generates insight into the business and analyst’s commercial values; a data scientist’s maintenance stage is part of data processing, data staging, and data architectures and warehousing.

Data Scientist Salary in India
Data Scientist Salary in India (Image Source: dataquest.io)

Data science is one of the cornerstones of science, and this is investigation and processing by data engineers, as well as data procedures such as modeling, mining, clustering, and data categorization. The work of a data scientist includes qualitative analysis, regression, confirmatory and exploratory analysis, and predictive analysis. This work is critical for the next stage of data analysis, and if done correctly, there will be no cookie-cutter results at this stage.

Data Scientist Salary in India is roughly averaged around 698,412 INR annually

Data scientists collaborate on the stages of data visualization, reporting, and various intelligence tools, as well as support policymakers and organizations. A data scientist creates programming codes that are combined with statistical knowledge gained from data.

Who is a Data Scientist and What do they do?

Data scientist requires some skill to become a data scientist is highly educated with at least a master’s degree, in computer sciences, physical sciences, and social sciences, while they are notable exceptions of highly educated background to develop the depth knowledge of data scientist, also required the skill to process and analyze data The majority of data scientists have a master’s degree or a Ph.D.

order to participate in online training and learn specialized skills such as Hadoop and big data querying. In addition to in-depth knowledge of data sciences R. programming, this tool is preferred to solve any problem and solve statistical problems, as well as the difficulty of mastered programming language.

Skills Required for a Data Scientist:

Python, JAVA, Perl, and C/C++ are other coding languages. According to an O’Reilly survey, python is the most popular programming language for big data scientists. Apache Spark is designed to assist data scientists in running complex algorithms and handling complex unstructured data sets, allowing data scientists to avoid data loss in data science. The speed and platform of Apache Spark make data science projects simple to complete.

Data Scientist Salary in India:

Data Scientist Salary in India
Data Scientist Salary in India (Image Source: Interviewbit.com)

The average salary for a data scientist is Rs.698,412 per year. With less than a year of experience, an entry-level data scientist can make approximately 500,000 per year. Data scientists with 1 to 4 years of experience may expect to earn about 610,811 per year.

Many knowledge scientists are unfamiliar with machine learning techniques and topics like neural networks, reinforcement learning, adversarial learning, and others. You should be familiar with machine learning techniques such as supervised machine learning, decision trees, and logistic regression if you want to stand out from the crowd.

These abilities will enable you to solve a wide range of data science problems based on critical organizational outcome projections. Every day, the business world generates a large amount of data. This information must be converted into an understandable format. Raw data is more difficult to understand than images such as charts and graphs.

Data Scientists Job Roles and Responsibilities:

Non-technical skills are required to keep up to date on data science developments by reading relevant internet content and books. Don’t be intimidated by the massive amount of information that circulates on the internet; instead, prepare to add it all up. Curiosity is one of the qualities required of a data scientist. For example, you may initially see no insight in the data you’ve gathered.

Data Scientist Salary in India is roughly averaged around 698,412 INR annually

Curiosity will enable you to sift through data in search of new information and solutions. Companies looking for a competent data scientist want someone who can clearly and fluently communicate their technical findings to a non-technical team, such as the Marketing or Sales departments. To effectively manage data, a data scientist must enable the company to make decisions by providing quantitative insights, as well as understanding the needs of their non-technical colleagues.

Best Companies for Data Scientists in India:

Fractal analytics:

Best Companies for Data Scientists in India:
Best Companies for Data Scientists in India (Image Source: Fractal.ai)

Fractal Analytics is a multinational artificial intelligence firm that offers services in consumer-packaged goods, insurance, healthcare, life sciences, retail and technology, and financial sectors. Fractals have fractional dimensions, which are a type of complexity measure that indicates how well the objects fill the available space.

The fractal dimension measures the change in the size of a fractal set with changing observational scale and is not limited by integer values; it has received assistance from industry heavyweights such as SAP and Cisco, as well as a made-in-India company called Fractal Analytics, which generates custom-made analytics solutions for multinationals and upcoming businesses.

  • Contact: (022) 40675800 67042444
  • Address: 02-135 and 02-113, WeWork, 5 Merchant Square, London, W2 1AY, UK.
  • Website: https://fractal.ai/

Amazon:

Best Companies for Data Scientists in India
Best Companies for Data Scientists in India (Image Source: amazon.in)

Amazon company concentrates on e-commerce, cloud computing, digital streaming, and artificial intelligence. It has been described as one of the most powerful economic and cultural forces in the world, as well as one of the most valuable brands. It is one of the Big Five American information technology corporations, along with Alphabet, Apple, Meta, and Microsoft.

Amazon has established a reputation as a disruptor of well-established industries through technological innovation and mass scale. It is the world’s largest online retailer and marketplace, smart speaker provider, cloud computing service provider through AWS, live-streaming service provider through Twitch, and Internet Company in terms of revenue and market share.

  • Contact: (206) 266-1000.
  • Address: Brigade Gateway, 8th floor, 26/1, Dr. Rajkumar Road, Malleshwaram(W), Bangalore-560055, Karnataka, India.
  • Website: amazon.in

Deloitte:

Best Companies for Data Scientists in India
Best Companies for Data Scientists in India (Image Source: wikipedia.org)

Deloitte is a multinational professional services firm with operations in more than 150 countries and territories. Deloitte is one of the Big Four accounting firms and the largest professional services network in the world, both in terms of revenue and number of people.

Deloitte provides audit, consulting, financial advice, risk advisory, tax, and legal services with roughly 334,800 professionals globally. The network’s overall revenue in FY 2021 was $50.2 billion. In addition to the organization’s normal accounting and auditing services, Audit provides internal audits, IT control assurance, and Media & Advertising Assurance.

  • Contact: 91 20 6624 4600.
  • Address: 3rd Floor, Block B, Deloitte Drive, Beside Cyber Gateways, Hitech City Layout, Road No 2, Madhapur-500081.
  • Website: www2.deloitte.com/us/en.html

Flipkart:

Best Companies for Data Scientists in India
Best Companies for Data Scientists in India (Image Source: stockera.io)

Before expanding into additional product categories such as consumer electronics, fashion, home goods, food, and lifestyle things, the company began by selling online books. The site primarily competes with Amazon’s Indian subsidiary and Snap Deal, a local competitor.

Flipkart has a strong presence in the clothing market, which is bolstered with the acquisition of Myntra and has been compared to Amazon in the sale of gadgets and mobile phones. PhonePe, a UPI-based mobile payment service, is also owned by Flipkart.

  • Contact: 1800 208 9898
  • Address: Ozone Manay Tech Park, #56/18 & 55/09, 7th Floor, Garvebhavipalya, Hosur Road, Bangalore – 560068, Karnataka
  • Website: https://www.flipkart.com/

LinkedIn:

Best Companies for Data Scientists in India
Best Companies for Data Scientists in India (Image Source: blog.linkedin.com)

LinkedIn is a business and job-related online service that may be accessed through websites and mobile apps. The website, which went live on May 5, 2003, is primarily used for professional networking and career progression, allowing job seekers and employers to post CVs and job openings. Since 2015, most of the company’s revenue has come from offering recruiters and salespeople access to information about its users.

Members of LinkedIn can create profiles and connect in an online social network that can mimic real-life professional relationships. Members can invite anyone to connect with them. LinkedIn can also be used to plan offline events, join groups, write articles, post job openings, and share images and videos, among other things.

  • Contact: 650-687-3600 
  • Address: 2029 Stierlin Court Ste 200 Mountain View, California, 94043 United States
  • Website: linkedin.com/feed/

How to Become a Data Scientist:

Three steps to becoming a data scientist:

  • Get a bachelor’s degree in information technology, computer science, math, business, or a related field.
  • A master’s degree in data science or a closely connected discipline is required.
  • Gain experience in the field in which you want to work (ex: healthcare, physics, business).

We Become a Data Scientist Without a Degree?

Is it feasible to work as A Data Scientist Without a Degree?  So, the response is a resounding YES! You can now work as a data scientist without a formal education.

  • Acquire the Prerequisite Knowledge.
  • Take a Data Science course.
  • Investigate current case studies.
  • Participate in real-world projects.
  • Obtain certification.
  • Create a portfolio.
  • Take part in hackathons.

Can Data Scientists Work from Home?

Even though working from home has become the new norm in the aftermath of the COVID-19 shutdowns, many companies that hire data scientists have long-standing remote work policies and attractive benefits for their employees. Data scientists are one of the most common jobs that can be done from home, and the industry is expected to grow by 16% in the next few years. Companies in a range of areas, including healthcare, communication, and data analytics, require data scientists, analysts, and engineers.

Average Data Scientist Salary:

The average yearly income for a Data Scientist in India is ₹10.8 lakhs, with salary ranging from ₹4.1 lakhs to ₹50.0 lakhs. Estimated salaries are based on ₹12.7k salaries for Data Scientists.

Top 13 Data scientist salary companies in India:

  1. TCS: – ₹4.5L TO ₹16.0L.
  2. ACCENTURE: – ₹5.5L TO ₹23.0L.
  3. IBM: – ₹5.3L TO ₹24.5L.
  4. COGNIZANT: – ₹5.1L TO ₹18.0L.
  5. CAPGEMINI: – ₹4.6L TO ₹15.0L.
  6. INFOSYS: – ₹4.5L TO ₹16.4L.
  7. TECH MAHINDRA: – ₹4.1L TO ₹16.4L.
  8. WIPRO: – ₹4.5L TO 18.1L.
  9. DELOITTE: – ₹7.01L TO ₹24.0L.
  10. FRACTAL ANALYTIC: – ₹9.7L TO ₹22.0L.
  11. AMAZON: – ₹9.5L TO 50.0L.
  12. L & T INFOTECH: – ₹6.5L TO ₹20.9L.
  13. RELIANCE JIO: – ₹5.6L TO 30.0L.

Data Scientist Beginner Salary:

With less than one year of experience, a data scientist’s starting income is roughly ₹450,000 per year. Early-level data scientists with 1 to 4 years of experience earn around ₹610,811 per year. In India, a mid-level data scientist with 5 to 9 years of experience earns ₹1,004,082. Companies are willing to offer employees with three years of experience over ₹20 lacs per year.

Data Scientist Salary in India is roughly averaged around 698,412 INR annually

FAQs about Data Scientist Salary in India:

Is it a good career as a data scientist?

Yes, data science is an exciting career path with plenty of possibilities for advancement in the future. Because demand is high, incomes are competitive, and benefits are plentiful, data science careers provide you with a variety of work roles and titles. Continuous learning and technical skill upskilling in a variety of programming languages, platforms, and technologies are required to improve your career.

Best career as a data scientist?

  • Administrators of data.
  • Engineering data. 
  • Engineering machine that learns.
  • Mathematicians and statistician types.
  • The interchangeable terms of “business analyst” and “marketing analyst”.
  • Clinical information.

Become a top data scientist?

A Bachelor’s degree in computer science, social sciences, physical sciences, or statistics could help you become a top data scientist. Mathematics and statistics (32%) are the most common fields of study, followed by computer science (19%) and engineering (16%), as well as knowledge of programming, Apache-spark, machine learning, AI, data visualization, intellectual curiosity, communication skills, and teamwork.

Do data scientists get paid well in India?

In India, the average entry-level data scientist income is 511,468 rupees per annum for a recent graduate. A data scientist in their early career with 1-4 years of experience earns an average of Rs. 773,442 per year.

Can a Data Scientist earn 1 crore in India?

Data science professionals with 3-10 years of experience get annual salaries in the ₹25-65 lakh range, while those with more experience can command pay packages upwards of ₹1 crore, according to recruitment firm Michael Page’s 2021 India Talent Trends report.

What is the salary of data science as a fresher in India?

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 of experience get around ₹610,811 per annum. A mid-level data scientist with 5 to 9 years of experience earns ₹1,004,082 per annum in India.

Is Data Scientist a high-paying job?

Data scientists are one of the highest-paid employees of most companies. According to Analytics India Magazine research, around 1,400 data science professionals working in India make more than Rs 1 crore salary.

Is data science a stressful job?

The work environment of a data scientist can be quite stressful because of long working hours and a lonely environment. It’s strange to note that despite the multiple collaborations required between the data scientist and different departments, most of the time, data scientists work alone.

What is the highest salary for a Data Scientist?

What is the highest salary for a Data Scientist in India? The highest salary that a Data Scientist can earn is ₹25.0 Lakhs per year (₹2.1L per month).

Who earns more data engineer or Data Scientist?

A data engineer can earn up to $90,8390 /year whereas a data scientist can earn $91,470 /year. Looking at these figures of a data engineer and data scientist, you might not see much difference at first. But, delving deeper into the numbers, a data scientist can earn 20 to 30% more than an average data engineer.

Conclusion:

The most in-demand expertise in the sector is data scientists. Being a good data scientist needs not only technical skills but also a full understanding of business requirements, collaboration with diverse stakeholders, and persuading business executives to act on the information provided.

Data Scientist Salary in India is roughly averaged around 698,412 INR annually


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