Data scientists have emerged as crucial players in the digital age, utilizing their expertise to derive insights from vast datasets. With the growing demand for data-driven decision-making, data scientist salaries have become a subject of intrigue. In this study, we delve into the factors influencing data scientist salaries, analyze industry trends, and project potential trajectories for the future. By leveraging comprehensive data scientist salaries data, we aim to provide a deeper understanding of this dynamic profession’s remuneration landscape.
Data Scientist Salary – On an Average
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According to Glassdoor, average Data Scientist salary is INR 10 LPA. The starting data scientist salary is INR 4.96 INR while the highest salary range is between INR 37 LPA to 50 LPA.
Some of the essential skills that play a determinant role in analyzing the data scientist salary are Data Analysis, Microsoft Excel, and SQL. Out of these, the most coveted skill is R followed by Python which alone promises data scientist a salary of about INR 8.62 INR.
Data Scientists have a great prospect in both private as well as public sectors. Companies like Tata Consultancy Services, Accenture, IBM, Amazon, and Microsoft are few top companies in the private sector with data scientist’s salaries ranging from INR 7.27 LPA to 18 LPA.
Data Scientist Salary – Per Month
According to AmibitionBox, the average mother data scientist salary with significant years of experience ranges from INR 72177 INR to INR 74038. However, with experience and growth in the designation, the data scientist salary will also see exponential growth.
Data Scientist Salary – Company Wise
Tabulated below is the average annual data scientist salary for your reference –
|Name of the Company||Average Annual Salary (INR)|
|Tata Consultancy Services||7.87 L|
|Cognizant Technology Solutions||7.90 L|
Data Scientist Salary – On the Basis of their Designation
There are numerous bifurcation in the job profile of Data Scientist with each performing various different roles. Tabulated below is the data scientist salary on the basis of their designation for your reference –
|Designation||Average Annual Salary (INR)|
|Data Analyst||4.72 L|
|Data Solutions Analyst||11.51 L|
|Business Analyst||6.00 L|
|Statistical Analyst||6.02 L|
|Data Architect||16.20 L|
|Business Intelligence Manager||17.00 L|
|Data Scientist||9.44 L|
|Data Administrator||7.96 L|
Data Scientist Salary – Based on the Experience
Experience plays an important role in determining Data Scientist Salary. Fresh graduate can expect a starting salary of INR 4 LPA to 6 LPA while candidates with 5-9 years of experience can expect a salary of INR 6-8 LPA.
Also as discusses above the highest data scientist salary in India can go up to as much as INR 50 LPA and in certain cases even more.
Tabulated below is the Data Scientist salary on the basis of their experience –
|Experience||Average Annual Salary (INR)|
|0 – 2 years||5.81 L|
|2 – 5 years||8.22 L|
|5 – 10 Years||14.69 L|
|10 – 15 years||19.34 L|
|15 Years & above||25.61 L|
Data Scientist Salary – On the basis of the Cities
The geographical location plays an important role in determining data scientist salary. Since Bangalore is considered to be a hub for IT companies it is also one of the highest paying cities for Data Scientist followed by Gurugram, Mumbai, and New Delhi.
Tabulated below is the Data Scientist Salary across various cities –
|Name of the City||Average Annual Salary (INR)|
|New Delhi||9.24 L|
Data Scientist Salary – Country Wise
Wirth the growth in the demand for Data Scientist and its associated subjects, there has been a surge in demand for Data Scientist all across the globe. Some of the top countries that offer high-pay packages to Data Scientist are tabulated below for your reference –
|Country||Average Annual Salary (INR)|
FAQs About Data Scientist Salaries: Trends, Factors, and Projections in India
What factors influence data scientist salaries?
Data scientist salaries are influenced by several factors, including educational background, level of experience, industry domain, geographical location, and specialized skills. Possessing expertise in cutting-edge technologies like machine learning, artificial intelligence, and big data analytics can also lead to higher salary prospects.
How does geographical location impact data scientist salaries?
Geographical location plays a pivotal role in determining data scientist salaries. Major tech hubs and metropolitan areas, such as Silicon Valley, New York City, and San Francisco, tend to offer higher salaries due to the higher cost of living and intense competition for talent.
Which industries offer more generous compensation to data scientists?
Industries heavily reliant on data-driven decision-making, such as finance, healthcare, and technology, are more likely to offer higher salaries to data scientists compared to other sectors.
What is the average data scientist salary in India?
According to Glassdoor, the average data scientist salary in India is INR 10 LPA. Starting salaries for data scientists can exceed the average for other professions, often ranging from INR 4.96 LPA.
Which skills are highly coveted and can lead to higher data scientist salaries?
Skills such as R and Python are particularly sought-after in the data science field and can promise data scientists a higher salary of about INR 8.62 LPA.
How does experience impact data scientist salaries?
Experience plays a crucial role in determining data scientist salaries. Fresh graduates can expect a starting salary of INR 4 LPA to 6 LPA, while candidates with 5-9 years of experience can expect a salary of INR 6-8 LPA. With significant years of experience and growth in the designation, the data scientist salary can see exponential growth.
Which cities in India offer the highest data scientist salaries?
Bangalore is considered a hub for IT companies and is one of the highest paying cities for data scientists in India. Other cities like Gurugram, Mumbai, and New Delhi also offer higher salaries compared to other locations.
In summary, the data presented in this study emphasizes on the various factors affecting the Data Scientist Salary in India. The increasing reliance on data-driven decision-making has led to a surge in demand for data scientists, resulting in competitive data scientist salaries. The study highlights that data scientist salaries are influenced by factors such as education, experience, industry domain, specialized skills, and location.
Major tech hubs and metropolitan areas tend to offer higher salaries due to the higher cost of living and fierce competition for talent. Industries heavily reliant on data-driven strategies, like finance, healthcare, and technology, offer more generous compensation packages to data scientists.
Possession of specialized skills in machine learning, artificial intelligence, and big data analytics significantly impacts salary prospects, with professionals with expertise in these areas commanding premium data scientist salaries.
Looking ahead, the future for data scientist salaries is promising, as data continues to be a valuable asset for organizations. The growing demand for skilled data scientists is expected to drive salary growth in the field.
In India, average data scientist salary is INR 10 LPA, with starting salaries often exceeding the average for other professions. The highest data scientist salary range can reach INR 37 LPA to 50 LPA, with skills like R and Python being particularly sought-after, offering higher earning potential.
The data scientist salary also varies based on their designation and experience level. Different job roles have different salary ranges, and experienced professionals can command higher pay.
Geographical location plays a significant role, with IT hubs like Bangalore, Gurugram, Mumbai, and New Delhi offering higher salaries.
Globally, countries like the USA, UK, Australia, Canada, and Russia provide attractive pay packages to data scientists, reflecting the global demand for skilled professionals in this domain.
Overall, data science presents an exciting and promising career path with the potential for lucrative data scientist salary packages. As businesses continue to rely on data-driven strategies, the role of data scientists in shaping innovation and driving business success will remain pivotal.