Data Scientist Salary in India – For Fresher’s & Experienced Professionals
Datamites Team
As the US Bureau of Labor Statistics reports, the growing data science needs will create approximately 11.5 million jobs by 2026. The World Economic Forum predicts that by 2022, the data scientist profession will be the most emerging in the world.
Why Data Scientist?
- Responsibilities of Data Scientists
Gathering profusion of structured and unstructured data and turning it into useful information. - Identifying data-analytics solutions that have the most potential to drive businesses forward.
- Making use of data analysis tools such as text analytics, machine learning, and deep learning to unveil hidden patterns and trends.
- Data cleaning and validation to improve data accuracy and efficacy.
- Data visualization is used to communicate all the positive comments and discoveries to the stakeholders of the company.
Experience Level:
- 401k INR – less than 1 year
- 737 k INR – 1 to 4 years
- 1M – 5 to 9 years
- 2M – 10 to 19 years
In India, the average entry-level data scientist income for a recent graduate is Rs 511,468 per year.
A data scientist with 1-4 years of experience in his early career earns an average of Rs 773,442 per year.
Employees with 5 to 9 years of experience could easily earn INR 12 to 14 Lakhs per annum. Average mid-level data scientist income, as per pay scale, is Rs 1,367,306 per year
A highly experienced employee with decades of expertise or one who has held management positions can expect to earn anywhere from INR 24 Lakh to a healthy Crore per year!
With the transition/promotion from the role assigned to them, the income of a Data Analyst increases by 50%.
Geographical Factors
The count in the job opportunities and annual Data Scientist Salaries in India for data innovators is soaring in Mumbai, then comes Bangalore and thereafter New Delhi. However, since Bangalore is the startup capital of India, it has the highest number of job opportunities in startups. The salary of a data scientist in Bangalore is probably higher as juxtaposed to other cities as it is considered to be the heart of India’s Tech Industries.
According to Payscale, the income of a data scientist in India depends on where they work:
Rs.788,789 per annum
Rs.794,403 per annum
- Bangalore
Rs.984,488 per annum
Rs.795,023 per annum
Rs.725,146 per annum
Rupee. 402,978 per year
Experience:
A career in data is particularly appealing to young IT professionals because of the positive correlation between years of work experience and high-paying salaries. In this section, we will see how data scientist salaries increase based on experience. The salary in the data field could look something like this in the future:
For a fresh graduate, the average entry-level data scientist salary in India is INR 511,468, which in itself is higher compared to other entry-level salary proportions.
A person with 1-4 years of experience in the Data Science domain earns an average of 7,773,442 INR per year.
An employee with 5-9 years of experience will have the possibility to receive a salary between Rs 12-14 lakh. As per the pay scale, the average mid-level data scientist salary is INR 1,367,306.
A highly experienced employee with decades of experience or one who has taken on managerial roles can expect anywhere from Rs 24 Lakhs
Skills
The most important and coveted skill is to be familiar with R followed by Python. Python salary in India alone promises Rs 10.2 lakh.
Knowing R is the chief and sought-after expertise, followed by Python. Python salary in India is predicted to be around INR 10.2 Lakhs per year.
The combination of knowledge of Big Data and Data Science increases the salary of a data analyst by 26% compared to being proficient in only one area.
Machine learning salary in India starts from around Rs 3.5 lakh and can jump up to Rs 16 lakh if you grow in this field. Python is one of the most recommended languages when it comes to ML, and moreover, the salary of Python developers in India is one of the highest.
Expanded knowledge of Artificial Intelligence can help you make a career as a whole. Even a fresher would receive a salary package of 5-6 Lakh INR in India. Artificial Intelligence knowledge can aid you to forge ahead in your career.
Having a proper understanding of Big Data and Data Science can help escalate your income by 26% compared to not having knowledge of any.
In the domain of Machine Learning, the starting salary is likely around ImachinNR 3.5 Lakh, and as you progress the number increases up to 16 Lakh! Python is one of the most in-demand languages for machine learning, and Python developers in India receive some of the finest salary packages in the world.
Companies:
IBM Corp: INR 1,468,040
Accenture: INR 1,986,586
JPMorgan Chase & Company: INR 997,500
American Express: INR 1,350,000
McKinsey & Company: INR 1,080,000
Incentive: INR 1,900,000
Wipro Technology: INR 1,750,000
The average salary of a Data Scientist is Rs. 10,00,000 Lakh per annum in India. The highest remuneration is Rs. 24,00,000 per annum, while a minimum of Rs. 500,000 per year in India. If you are opting for the role of a data scientist then you can expect a highly remunerative package!
Opportunities for analysts and data scientists are at their pinnacle in India at the moment. There is a large amount of data being produced by businesses and also there are so much data and tools to extract it – and the urge to obtain insights from it. This includes the increase in the salary of Data Analyst and the Salary of Data Scientist in India.
You are likely to get an annual jump of around 15% in your salary. This will increase with the increase in the years of work experience and the number of skills you have mastered.
So, whether you are starting from the beginning or you are already experienced in the field of data. You will always have this motivating factor that will drive you in your career!
You could attend any professional courses or even avail of any online courses to jumpstart your journey as a data scientist. If you are an undergraduate with basic knowledge of programming and have great analytical skills, you can run along the data science curve.
Have you made up your mind to become a Data Scientist? But first, do you want to learn more about the domain? Then Join DataMites Data Science Training and successfully move forward!
SAS users are paid between INR 9.1-10.8 Lakhs, while SPSS experts earn INR 7.3 Lakhs.
Machine learning salary in India starts from around Rs 3.5 lakh and can jump up to Rs 16 lakh if you grow in this field. Python is one of the most recommended languages when it comes to ML, and moreover, the salary of Python developers in India is one of the highest.
Expanded knowledge of Artificial Intelligence can help you make a career as a whole. If you are a novice in this industry then Artificial Intelligence Salary in India provides at least 5-6 Lakh INR.
Based on Skills:
Knowing R is the most important and sought-after expertise, followed by Python. Python salary in India is expected to be around INR 10.2 Lakhs per year
When data analyst has knowledge of both Big Data and Data Science, their income increases by 26% compared to when they have knowledge of only one.
SAS users are paid in the range of INR 9.1-10.8 lakh per annum, while SPSS professionals have compensated in the range of INR 7.3 lakh per annum.
Machine learning salary in India starts from around Rs 3.5 lakhs and can go up to Rs 16 lakhs as you progress in the industry. Python is one of the most popular languages for machine learning, and Python developers in India earn some of the best salaries in the world.
Artificial Intelligence knowledge can help you advance your career in general. If you are a beginner in this field, then artificial intelligence pay in India is not less than Rs 5-6 lakhs
Companies
IBM Corp: INR 1,468,040
Accenture: INR 1,986,586
JPMorgan Chase & Company: INR 997,500
American Express: INR 1,350,000
McKinsey & Company: INR 1,080,000
Incentive: INR 1,900,000
Wipro Technology: INR 1,750,000
If you look at the average salary of a Data Scientist, it is Rs. 10,00,000 per year in India. Also, the highest salary one can expect is Rs. 24,00,000 per annum, while a minimum of Rs. 500,000 per year in India. If you are opting for the role of a data scientist then you can expect a decent package with certain skills.
Opportunities for analysts and data scientists are at their peak in India at the moment. There is a huge amount of data being generated by businesses and the availability of data and tools to extract it – and the urge to gain insights from it. This includes the increase in the salary of Data Analyst and the Salary of Data Scientist in India.
We hope you liked our article on Data Scientist Salary in India. These numbers above are not set in stone. Your salary has a real impact on the skills you have, the mastery you have acquired, and how fast you grow and grow the company as well.
You are likely to get an annual jump of around 15% in your salary. This will increase with the increase in the years of work experience and the number of skills you have mastered. So, whether you are starting from the beginning or you are already experienced in the field of data. You will always have this motivating factor that will drive you in your career!
You could take up professional courses or even resort to an array of online courses to kick start your journey as a data scientist. If you are an undergraduate with basic knowledge of programming and great analytical skills, you can move along the data science curve.
