Data Scientist Salary In Indian Cities

Key Points

• Skills for Data Science job.
• Data Scientist’s salary in India.
• Data Science courses in India.

Making career decisions are often characterized by intense research and study of the various possibilities. However, in the primitive stages, we often tend to fall into the vertigo of confusion, regarding the ways to approach the problem. Most of us often remain oblivious of the means that we ought to choose, for arriving at the career options that we longed for. Most of us tend to stick to certain factors while considering career choice, monetary rewards being one of them.

The technological revolution has brought in many changes in various vital fields and has equally contributed to the rise of new opportunities. Data Science is one such opportunity which many youngsters look up to, especially in a country like India, where the young population has an impressive number. The growth in Data and the parallel increase in the need to manage them has made companies search for qualified professionals who make it.

Skills required for a Data Science Job

Organisations nowadays look forward to scaling up their activities, creating a new customer base, conquering new markets for their products and services. As they grow in size, companies tend to generate equally large amounts of data. With the abundance in the data quantity generated every day, the need for employing skilled professionals to manage the same has become a problem of paramount importance. Moreover, with the view of the possibilities present in the role of a Data Scientist, companies are well aware of the skills they need to capitalise on, to make the best out of the data science role. Some of the top skills that companies look for in a Data Scientist may vary with the company, but on average remains the same

• Mathematics and Statistics

Educational qualification is something that confirms a Data Scientist for the role that he is expected to embrace. It serves as a first step towards achieving career goals. As far as a Data Science career is concerned, individuals come from different educational backgrounds, however, most of them are found to know Mathematics and Statistics. One of the prerequisites that keep your Data Science dream, going.

• Knowledge of Python

How are Data Scientists expected to understand data, which further enables them to derive insights? Sound knowledge of Python programming language helps a great deal. As compared to 2018, the use of Python has increased by four times now. A good share of 83% of the Data Scientists uses Python. Given the versatility of Python, it can be integrated with every stage of Data Science.

• Machine Learning Algorithms

Machine Learning skills hugely contribute to becoming a bankable Data Scientist. However, it is true most Data Scientists nowadays are oblivious about advanced Machine Learning concepts such as Supervised and Unsupervised Learning. Machine Learning offers better solutions to analyse large datasets. Therefore it is more important for Data Scientists to have a good knowledge of ML.

Salaries Of Data Scientists In Indian Cities

India is an emerging technological opportunity, with a wide range of investments in big and small companies, it gives a bullish picture of the future. As far as the Indian scenario is concerned, there is a gap between the skills and employability of Data Scientists, which has influenced the demand for skilled Data Science. Companies in India are ready to invest in hiring Data Scientists who can prove their mettle in the field.
According to the Analytics India Salary study, the salaries for Data Scientists in the mid-senior and senior-level get the highest (median figure).

Bangalore

When it comes to Data Science job opportunities, Bangalore fares well, parallel to that of Silicon Valley in the U.S. Often called the Technological hub of India, Bangalore is known for its potential for startup businesses. According to payscale.com, the average Data Scientist salary in Bangalore is Rs 9,78,311 per year, along with a bonus of 1,00,000, the total comes up to 10,00, 000 p.a. It is interesting to note that when it comes to Data Scientist salaries, Bangalore outperforms other cities.

The demand for Data Science courses in Bangalore is also witnessing a rise year after year. A recent study showed that Bangalore had a vacancy of more than 90000 Data Science jobs. The Data Science courses in Bangalore help to acknowledge this demand.

Mumbai

Mumbai, known as the financial capital of India, attracts opportunities across domains. Data Science jobs in Mumbai have witnessed a rise in demand. Indeed.com had conducted a study to find out the salary of Data Scientists prevalent in Mumbai. Based on the Data submitted by 114 Data Science professionals to Indeed.com, the average salary as of Oct 2020 is Rs 6,50,663 per year. However, the figures are better when we take into account the company wise salaries, wherein MNCs offer better. For instance, Pfizer, the U.S based Pharmaceutical giant, offers an annual salary of 8,58,000. The demand for Data Science courses in Mumbai has seen significant growth in the last few years.

Delhi

The city of Delhi is an attractive hub for a large number of IT companies. As one of the fastest-growing cities in India, Delhi attracts a lot of Data Science skills and is on par with other places, as far as the opportunities in Data Science, Artificial Intelligence, and Machine Learning is concerned. The average salary of Data Scientists in Delhi is Rs 7,77,436 p.a. This figure is obtained based on the data submitted by 26 Data Science professionals. The salary equals the national average. With the rise in the Data Science jobs in Delhi, the demand for Data Science courses in Delhi is also increasing.

Hyderabad

Hyderabad happens to be one of the top preferences of tech companies for investment in technology. According to the Global Startup Ecosystems Report 2020, on the Top 100 Emerging Ecosystems, Hyderabad ranks between 71-80. The city enjoys a good reputation for innovations happening in the field of technology.
When it comes to Data Science and Artificial Intelligence opportunities, Hyderabad has bigger things to offer. For instance, Incut Digital, a Hyderabad based e-commerce startup, raised a whopping amount of 4 million USD. The company will be using these funds to bring improvements in the fields of data and AI-driven technologies.
The average salary of Data Scientists, as per the reports submitted by 51 professionals in Hyderabad, is found to be Rs 7,71,609 p.a. This is in tune with the national average. The data science job opportunities in Hyderabad has directly contributed to the rise in the demand for Data Science courses in Hyderabad.

Chennai

Chennai has good potential for technological advancement and is an emerging tech hub. According to Indeed.com, the average salary of a Data Scientist in Chennai is Rs 7,72,070 per year. This figure is equal to the national average. However, the salary tends to vary from company to company, based on the size of the operation. As companies in Chennai are looking for Data Scientists, Data Science courses in Chennai also tend to gain importance.

Conclusion

Amidst the rising demand for Data Scientists in Indian cities, the importance of Data Science courses is also growing. Some of the best institutes like DataMites, in India, offer comprehensive Data Science courses such as Certified Data Scientist, Data Science for Managers, along with Artificial Intelligence and Machine Learning courses. As Andrew McAfee once quoted- ‘The world is one big data problem’, we are already witnessing it in reality.