The salary of the data scientist depends on various factors as
- Based on Experience
- Based on Location
- Based on the company working in
- Based on skills
The general data scientist salary in India is about ₹6 to 7 lakhs per year.
If less than a year of experience, an entry-level data scientist can make around ₹4 to ₹5 lakhs annually.
Data scientists salary for 1 to 4 years of experience is about ₹6 lakhs per year.
A mid-level data scientist having 5 to 9 years of experience earns ₹10 lakhs per year.
Data scientists salary for senior-level data scientists in India is around ₹17 lakhs per year. As their skills and domain knowledge increase with years of experience.
1. Based on Experience
The very first aspect comes from how the data scientist salary in India differs based on experience.
Because of the strong relation between years of work experience and higher-paying wages, a data career particularly fascinates every young aspirant. If we look at how data scientist salary increase with experience in the data science field. In the future, wages in this field may look like this.
In India, the average entry-level or fresher graduate data scientist salary is ₹5 lakhs per annum. A data scientist in his early career with 1-4 years of experience earns an average of ₹7 lakhs per year. Employees having 5 to 9 years of experience can earn ₹12 lakhs to ₹14 lakhs per annum. According to Pay-scale of the Market, the average mid-level data scientist salary is ₹14 lakhs per annum.
A highly experienced employee having decades of experience or who has held management positions might expect to earn between 25 lakhs per annum.
2. Based on the location
Firstly we can say that Mumbai has the most job openings and the highest yearly data scientist salary in India for data insights and innovations. Next comes Bangalore, with many start-ups and job opportunities in data science roles. However, Bangalore is considered the best place for tech companies with many opportunities. A data scientist’s compensation is mainly to be higher than in other areas or cities. According to Pay-scale, a data scientist salary in India varies as per their work location.
Mumbai- ₹7.5 LPA, Chennai- ₹7.5 to ₹7.9 LPA, Bangalore- ₹9.5 LPA, Hyderabad- ₹8 LPA, Pune- ₹7.5 LPA, Kolkata- ₹5 LPA.
Bangalore, Chennai, and Hyderabad are three of India’s highest-paying cities for data scientists.
2. Based on the company you work in
Undoubtedly, prominent organizations are at the top of the list of the highest-paying data positions. They also have recognition for raising salaries by 15-30% per year as a basic.
3. Top Company
IBM, ACCENTURE, AMERICAN EXPRESS, WIPRO, and TCS, are the companies that pay around 10L-18L average salary
4. Based on the skills
To get a job paying this, you need more than a Master’s degree and conversant with the languages & tools used to manage data. Here are some additional skillset
- Knowing R is the most crucial, and also knowing python is essential
- When Data Analyst knows both Big Data and Data Science, their income rises by 25%-30%. There is an added advantage of knowing both of them compared to when they only know one.
- SAS users are paid INR 9 to 11 lakhs per annum, whereas SPSS professionals are compensated INR 7 lakhs yearly.
- Machine Learning salary in India starts at roughly INR 4 lakhs and can rise to INR 16 lakhs as you advance in the field. Python is one of the most popular languages for machine learning, and Python developers in India earn the best salaries in the world.
- Artificial Intelligence knowledge can assist a significant advantage in enhancing a career in data science. If you are a beginner, the Artificial Intelligence pay in India is an average of INR 5-6 lakhs.
Different job roles in the Data Science field and their stated salary:
- A data Analyst starting salary will start from ₹ 1.98 to 4.2 lakhs
- Data Engineers- ₹ 3.0 lakhs per year
- Data scientist- ₹4.5 lakhs per year
- Database Administrator- ₹5.0 Lakhs per year
- Machine Learning Engineer- ₹5.0 to ₹7.0 lakhs per year
- Data Architect- ₹13.5 Lakhs per year
- Business Analyst- ₹3.0 Lakhs per year
Skills To get a high package.
- Knowledge of algorithms, statistics, mathematics, and machine learning.
- Business understanding.
- Programming languages such as R, Python, SQL
- Data analysis
- Data visualization like power-bi
- Microsoft Excel
- AWS
- GCP
- MS-Office Added advantages
- Data manipulation
- Communication skills to communicate the results effectively to the rest of the team.
Conclusions
You will likely receive an annual salary hike of around 15%. This will further increase with more years of work experience and the number of required skills you’ve mastered for a required field. Therefore, it’s all about updating yourself with various sets of skills. You should be motivated through this journey in the field of data career. To build a career where you have a responsible role.
The hike will be based on your skills. Also, participating in Hack-a-thons and Jog-a-thons will add a scope of getting the highest package. Plus, you may get a hike of up to 300% on your very first job. Taking some online tests, participating in Kaggle, and analytics Vidhya platforms will get you a job easily.
Data scientist salary is in high-level of demand in India. With the large number of data generated by businesses and the availability of data and tools to extract it and get insights from it. The rise in salaries for Data analyst and Data scientist roles is good.
