Data science is a field of study that deals with large amounts of facts and uses cutting-edge tools and techniques to uncover hidden patterns, extract useful data, and make business decisions.
To create prediction models, datsaa scientists use complicated machine learning algorithms.
It is a fantastic professional path with a lot of room for progression. It is a field that combines domain expertise, computer skills, and an understanding of mathematics and statistics to extract usable insights from data.
Numbers, text, images, video, audio, and other data are utilized to construct artificial intelligence that can perform tasks that would ordinarily need human intelligence.
This article will give aspiring data scientist an overview of Data Scientist Salary in India.
Average Data Scientist Salary in India
Data science jobs are booming in India in recent years. A person with knowledge can make a good living as a data scientist. The average annual pay is Rs.11 lakh.
An entry-level data scientist can earn around 5 lakh per year with less than a year of experience. With 1 to 4 years of experience, data scientists may earn around 6-8 lakh per year.
The maximum pay for a data scientist in India is around 25Lakh.
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Data Scientist Salary: Specialisation Wise
The salary of a data scientist also depends upon their skill set and specialization. If they have a specialization in Python, they might receive an average salary of 10.2Lakh per annum.
If someone has a specialization in Machine Learning, their pay begins with 3.2 Lakh per annum and it may go up to 16 lakh per annum.
A data scientist with Structured Query Language or SQL knowledge can expect an average salary of 7.3 lakh per annum and it can grow continuously.
An employee with decades of experience or who has held executive roles might expect to earn anywhere from INR 24 lakhs to a healthy crore per year!
Data Scientist Salary: Experience Wise
Data Science is a combination of various knowledge and skillset and with increasing experience and expertise, the pay will continue to rise in India. Data science like any other science requires constant learning which comes with experience.
For a fresh graduate in India, the average entry-level data scientist salary is 511,468 rupees per year.
A data scientist with 1-4 years of experience earns an average of Rs.773,442 a year in their early career.
Employees with 5 to 9 years of experience should earn between INR 12 and 14 lakhs per year.
According to the pay scale, the average salary for a mid-level data scientist is Rs1,367,306 per year. An employee with decades of experience can earn up to a crore per year.
Data Scientist Salary: Company Wise
With more advanced development in recent years, there has been a huge demand for Data Scientists. People can choose from over 97,000 data science jobs, providing them the best chance of finding work.
Let's take a closer look at each company that offers the best Data Science in India.
The salary of a data scientist also depends upon the company. Different employer provides a different kind of pay. The list is given below:
Company | Price |
|---|---|
Accenture | INR 19.86 Lakh Per annum |
Wipro Technology | INR 17.50 Lakh Per annum |
Fractal Analytics | INR 15lakh Per annum |
IBM Corp | INR 14.68 Lakh Per annum |
American Express | INR 13.50 Lakh Per annum |
Manthan | INR 12.6 lakh Per annum |
Absolutdata | INR 11lakh Per annum |
McKinsey and Company | INR 10.80 Lakh Per annum |
JP Morgan Chase and Co | INR 9. 9 Lakh Per annum |
BRIDGEi2i Analytics | INR 9.6 lakh Per annum |
Latent View | INR 8.8 Lakh Per annum |
MuSigma | INR 7.3 lakh Per annum |
These are average salaries it may go up or down, depending upon the experience and performance of the candidate.
Skills Required to become a data scientist
As the demand for data scientists grows, the field becomes more appealing to students and working people alike.
This includes people who aren't data scientists but are intrigued with data and data science, leading them to wonder what data science and big data abilities are required for data science professions.
Statistical analysis and computing, Machine Learning, Deep Learning, Processing massive data sets, Data Visualization, Data Wrangling, Mathematics, Programming, Statistics, and Big Data are all essential skills for a successful data scientist.
Python is the most prevalent coding language required in data science professions, however other programming languages such as Perl, C/C++, SQL, and Java are also necessary.
Knowledge of tools like SAS, Hadoop, Spark, Hive, Pig, and R is the most popular data analytical tools are also necessary.
Advantages of becoming a Data Scientist in India
There are several advantages of being a data scientist in India:
- It is the most in-demand and fastest-growing job.
- Data Science is a widely diverse area with numerous options.
- One of the highest-paying careers in data science.
- In the healthcare, banking, consulting, and e-commerce industries, it is widely used. Data Science is concerned with enhancing data and making it more useful to their business.
- It is an exciting job with rarely a boring day.
- You might just get to save lives using data science.
Disadvantages of becoming a Data Scientist in India
There are several disadvantages of being a data scientist in India:
- The word "data science" is an extremely broad term with no clear definition.
- Data Science is derived from Statistics, Computer Science, and Mathematics, among other subjects. It's impossible to be an expert in every discipline and master them all.
- Arbitrary Data May Produce Unexpected Results Due to a High Level of Domain Knowledge
- Customers' privacy could be violated by the data used in the process.
Conclusion
Data science creates an exciting career. With less than a year of experience, an entry-level data scientist can make roughly 5 lakhs per year.
A data scientist salary in India can be up to Rs. 25 lakhs with some experience. A data scientist needs to have several skill set like programming knowledge, uses of analytical tools, and excellent analytical skill.
The goal of data scientists is to improve data and make it more helpful to their company.
It is a job with enormous possibilities and an exciting job perspective.
Frequently Asked Questions (FAQs):
1. What is the lowest, average, and maximum salary for Data Scientist in India?
With less than a year of experience, an entry-level data scientist can make roughly 5 lakh per year. Data scientists with 1 to 4 years of experience can expect to earn roughly 6-8 lakh per year. In India, a data scientist can earn up to Rs. 25 lakhs.
2. What is the scope of data science in 2022?
The discipline of data science is brimming with prospects, with demand continually outstripping supply. It has enormous scope. The number of jobs in the data science area is expanding. It has applications in almost every field which makes it a versatile job.
3. How much does a Data Scientist in India make?
A data scientist can make a lot of money with increasing experience. It requires a lot of skill set and knowledge to become a successful data scientist. The pay in India begins with 5 Lakh per annum and goes as far as 1 crore with a decade of experience.