{"id":3108,"date":"2022-04-08T13:57:26","date_gmt":"2022-04-08T08:27:26","guid":{"rendered":"https:\/\/blogs.skillovilla.com\/?p=3108"},"modified":"2022-04-09T13:58:25","modified_gmt":"2022-04-09T08:28:25","slug":"data-scientists-are-one-of-the-highest-paid-employees-of-most-companies","status":"publish","type":"post","link":"https:\/\/www.skillovilla.com\/blogs\/data-scientists-are-one-of-the-highest-paid-employees-of-most-companies\/","title":{"rendered":"Data scientists are one of the highest-paid employees of most companies"},"content":{"rendered":"\n

The Age of Data Science<\/strong><\/p>\n\n\n\n

Data is a company\u2019s biggest asset, it is one of the most important factors contributing to a company\u2019s long-term success. Data science<\/a> helps to identify meaningful correlations between data sets. The multidisciplinary field focuses on extracting insights from raw and unstructured data. It mainly fixates on unearthing answers to \u2018the big questions to find solutions to problems that haven\u2019t been thought of.\u00a0<\/p>\n\n\n\n

\u201cIn the next 10 years, data science and software will do more for medicine than all of the biological sciences together- Vinod Khosia\u201d. This is the power of data science. Companies across the world have realized the importance of analyzing data as they help automate processes and make strategic decisions. It is no surprise that data scientists are in high demand, and companies are ready to pay competitive salaries to attract the most talented individuals. As the industry shows considerable growth and development the salaries are expected to increase for data science professionals.<\/p>\n\n\n\n

In this article, you will get a complete picture of the various salaries offered by different organizations across the globe. This article will give you valid reasons to pursue a data scientist course now. Additionally, it will highlight how big companies are realizing the potential of data science and adapting a data-driven and analytics approach in their strategy. <\/p>\n\n\n\n

Factoring in <\/strong><\/p>\n\n\n\n

Data scientists<\/a> are highly educated, skilled employees and often earn a competitive salary in the market. The following factors may influence their salaries,<\/p>\n\n\n\n

Location:<\/strong>  Some geographical regions provide higher salaries than others. Data scientists will earn more if they are located in larger cities such as Mumbai, Bangalore, etc. <\/p>\n\n\n\n

Seniority: <\/strong> Staying in the same organization for several years allows you to make more money than switching to different organizations. <\/p>\n\n\n\n

Experience:  <\/strong>Data scientists will earn more money the longer they work in this field. <\/p>\n\n\n\n

Location-Wise Salary Analysis<\/strong><\/p>\n\n\n\n

Data scientists employed in big cities such as Bengaluru, Delhi, and Mumbai are paid higher salaries than in small cities. These cities pay the highest median salary among all the top Metropolitan cities across India. <\/p>\n\n\n\n

Bengaluru is the hub of data science and analytics. Most MNCs such as Wipro, Infosys, etc have their headquarters in the IT hub of the country. These companies have huge data analytics units and need extensive domain experience to run them.<\/p>\n\n\n\n

Delhi and Mumbai host many data science professionals. The cities have top BFSI captives, investment firms, and domestic banks. Additionally, the financial sector has been heavily investing to improve its data science capabilities.<\/p>\n\n\n\n

Hyderabad, Chennai, and Pune also host various domestic and multinational companies that require data science experts to help them make strategic decisions. <\/p>\n\n\n\n

Experience Wise Salary Analysis <\/strong><\/p>\n\n\n\n

Young scientists are attracted to pursue a data scientist course due to a strong association between working experience and a high pay scale. A data scientist with 1-4 years of working experience may have an average salary of \u20b9773,442 per annum. <\/p>\n\n\n\n

Scientists with 5 to 9 years of working experience can earn up to \u20b912 or \u20b914 lacs per annum. A mid-level data scientist can earn up to \u20b91,367,306 per annum. Highly skilled and experienced employees who have held management positions might expect to make \u20b924 lakhs per annum to a healthy crore! Data scientists can expect an increment of 50% during transitions and promotions.<\/p>\n\n\n\n

Sector Wise Salary Analysis<\/strong><\/p>\n\n\n\n

IT Service & Consultancy:<\/strong> This sector has the highest share of employees with salaries greater than 1 Crore. Most data scientist professionals work in IT Service & consultancy firms. These individuals are mostly working in Big IT companies: Domestic and MNCs.<\/p>\n\n\n\n

BFSI and E-commerce Industry:<\/strong> These are the second and third largest sectors contributing to the pool of analytics employees. These sectors are heavily invested in Analytics. These sectors have realized the huge potential in using data to improve revenue and customer experience.<\/p>\n\n\n\n

CPG and Retail Industry:<\/strong> These professionals are mainly working in centers set by Multinational Consumer companies. <\/p>\n\n\n\n

The Engineering & Manufacturing industry and Pharma & Healthcare sector:<\/strong>  The adoption of data science and analytics is very recent for these sectors. Professionals are hired mainly at a technical level to develop applications, software, etc to automate business processes. Many enterprises are also hiring data scientists for strategic positions in these firms. <\/p>\n\n\n\n

Skill Wise Salary Analysis<\/strong><\/p>\n\n\n\n

Along with an appropriate Master\u2019s degree, a data scientist must have good knowledge of different languages and tools. Here are some additional skills that will help you secure your dream job,<\/p>\n\n\n\n

\u25cf Data scientists <\/a>should be proficient in programming languages such as Python, R, etc. If you are proficient in the programming language you are sure to receive a competitive paycheck.<\/p>\n\n\n\n

\u25cf Good knowledge of \u2018Big data and Analytics\u2019 is highly advantageous to data science professionals.<\/p>\n\n\n\n

\u25cf SAS users can earn in the range of INR 9 to 10 lakhs per annum, whereas SPSS professionals can earn up to INR 7.3 lakhs per annum.<\/p>\n\n\n\n

\u25cf If an individual has good knowledge of machine learning and artificial intelligence it surely adds to their profile. Artificial intelligence in general advances your career. <\/p>\n\n\n\n

\u25cf Even if you are a beginner, you must seek the best data science course to get into this promising field. <\/p>\n\n\n\n

Popular Employers<\/strong><\/p>\n\n\n\n

According to payscale<\/a>, the average salary for data scientists in India is \u20b9864,359<\/p>\n\n\n\n

Per annum. Top Respondents are from big companies such as Accenture, MU Sigma, Tata Consultancy Service Limited, etc. Ericsson Inc is reported to pay the highest salary of \u20b91,600,000. Other companies that offer higher salaries include Amazon, Infosys, Flipkart, etc. <\/p>\n\n\n\n

Accenture – Avg. Salary 131,1504\u00a0 <\/p>\n\n\n\n

Mu Sigma – Avg. Salary 650,000<\/p>\n\n\n\n

Amazon\u00a0– Avg. Salary 13,22,574<\/p>\n\n\n\n

Tata Consultancy Service Limited- Avg. Salary 890,567<\/p>\n\n\n\n

Despite the challenges, data science experts are the most sought-after professionals in today\u2019s data-driven world. All your efforts today will be of greater worth tomorrow. If you are interested in being part of the data world, you should hunt for the best data science course offered in your country. Along with technical abilities, a data scientist also needs a good understanding of business requirements, processes, collaboration skills, communication skills, and persuasion skills.<\/p>\n\n\n\n

If you are looking for the best online data science course online, look no further. SkilloVilla<\/a> offers the best comprehensive data science courses that will take you one step closer to your dream career. SkilloVilla is an e-learning platform that trains individuals to unlock their potential and excel in their careers. Even if you are a beginner and have some interest in programming, you can pursue the data science course offered by SkilloVilla. The units are designed to prepare individuals to solve real-world problems, present with confidence, Program like an expert, and ace grilling interviews. Register for the courses now and kickstart your data science journey from the comforts of your home.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Age of Data Science Data is a company\u2019s biggest asset, it is one of the most important factors contributing to a company\u2019s long-term success. Data science helps to identify meaningful correlations between data sets. The multidisciplinary field focuses on extracting insights from raw and unstructured data. It mainly fixates on unearthing answers to \u2018the […]<\/p>\n","protected":false},"author":4,"featured_media":3109,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[123],"tags":[80,100,76],"class_list":["post-3108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-data-science","tag-data-science","tag-data-science-professional-certificate","tag-machine-learning"],"yoast_head":"\nData scientists are one of the highest-paid employees of most companies<\/title>\n<meta name=\"description\" content=\"A data science Course helps to identify meaningful correlations between data sets. The multidisciplinary field focuses on extracting\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogs.skillovilla.com\/data-scientists-are-one-of-the-highest-paid-employees-of-most-companies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Data scientists are one of the highest-paid employees of most companies\" \/>\n<meta property=\"og:description\" content=\"A data science Course helps to identify meaningful correlations between data sets. The multidisciplinary field focuses on extracting\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blogs.skillovilla.com\/data-scientists-are-one-of-the-highest-paid-employees-of-most-companies\/\" \/>\n<meta property=\"og:site_name\" content=\"Blogs\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-08T08:27:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-09T08:28:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blogs.skillovilla.com\/wp-content\/uploads\/2022\/04\/19209-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"2016\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Rajat\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rajat\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/blogs.skillovilla.com\/data-scientists-are-one-of-the-highest-paid-employees-of-most-companies\/\",\"url\":\"https:\/\/blogs.skillovilla.com\/data-scientists-are-one-of-the-highest-paid-employees-of-most-companies\/\",\"name\":\"Data scientists are one of the highest-paid employees of most companies\",\"isPartOf\":{\"@id\":\"https:\/\/www.skillovilla.com\/blogs\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/blogs.skillovilla.com\/data-scientists-are-one-of-the-highest-paid-employees-of-most-companies\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/blogs.skillovilla.com\/data-scientists-are-one-of-the-highest-paid-employees-of-most-companies\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.skillovilla.com\/blogs\/wp-content\/uploads\/2022\/04\/19209-scaled.jpg\",\"datePublished\":\"2022-04-08T08:27:26+00:00\",\"dateModified\":\"2022-04-09T08:28:25+00:00\",\"author\":{\"@id\":\"https:\/\/www.skillovilla.com\/blogs\/#\/schema\/person\/e7c3c8380aa2ea8a601b3b6324ea2917\"},\"description\":\"A data science Course helps to identify meaningful correlations between data sets. The multidisciplinary field focuses on extracting\",\"breadcrumb\":{\"@id\":\"https:\/\/blogs.skillovilla.com\/data-scientists-are-one-of-the-highest-paid-employees-of-most-companies\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/blogs.skillovilla.com\/data-scientists-are-one-of-the-highest-paid-employees-of-most-companies\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/blogs.skillovilla.com\/data-scientists-are-one-of-the-highest-paid-employees-of-most-companies\/#primaryimage\",\"url\":\"https:\/\/www.skillovilla.com\/blogs\/wp-content\/uploads\/2022\/04\/19209-scaled.jpg\",\"contentUrl\":\"https:\/\/www.skillovilla.com\/blogs\/wp-content\/uploads\/2022\/04\/19209-scaled.jpg\",\"width\":2560,\"height\":2016,\"caption\":\"Data scientists are one of the highest-paid employees of most companies\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/blogs.skillovilla.com\/data-scientists-are-one-of-the-highest-paid-employees-of-most-companies\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.skillovilla.com\/blogs\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Data scientists are one of the highest-paid employees of most companies\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.skillovilla.com\/blogs\/#website\",\"url\":\"https:\/\/www.skillovilla.com\/blogs\/\",\"name\":\"Blogs\",\"description\":\"SkilloVilla\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.skillovilla.com\/blogs\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.skillovilla.com\/blogs\/#\/schema\/person\/e7c3c8380aa2ea8a601b3b6324ea2917\",\"name\":\"Rajat\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.skillovilla.com\/blogs\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/02723b649117b20e7ed7ed9affec998ccfdb17c257ef253762509aaf89879529?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/02723b649117b20e7ed7ed9affec998ccfdb17c257ef253762509aaf89879529?s=96&d=mm&r=g\",\"caption\":\"Rajat\"},\"url\":\"https:\/\/www.skillovilla.com\/blogs\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Data scientists are one of the highest-paid employees of most companies","description":"A data science Course helps to identify meaningful correlations between data sets. The multidisciplinary field focuses on extracting","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/blogs.skillovilla.com\/data-scientists-are-one-of-the-highest-paid-employees-of-most-companies\/","og_locale":"en_US","og_type":"article","og_title":"Data scientists are one of the highest-paid employees of most companies","og_description":"A data science Course helps to identify meaningful correlations between data sets. The multidisciplinary field focuses on extracting","og_url":"https:\/\/blogs.skillovilla.com\/data-scientists-are-one-of-the-highest-paid-employees-of-most-companies\/","og_site_name":"Blogs","article_published_time":"2022-04-08T08:27:26+00:00","article_modified_time":"2022-04-09T08:28:25+00:00","og_image":[{"width":2560,"height":2016,"url":"https:\/\/blogs.skillovilla.com\/wp-content\/uploads\/2022\/04\/19209-scaled.jpg","type":"image\/jpeg"}],"author":"Rajat","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Rajat","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/blogs.skillovilla.com\/data-scientists-are-one-of-the-highest-paid-employees-of-most-companies\/","url":"https:\/\/blogs.skillovilla.com\/data-scientists-are-one-of-the-highest-paid-employees-of-most-companies\/","name":"Data scientists are one of the highest-paid employees of most companies","isPartOf":{"@id":"https:\/\/www.skillovilla.com\/blogs\/#website"},"primaryImageOfPage":{"@id":"https:\/\/blogs.skillovilla.com\/data-scientists-are-one-of-the-highest-paid-employees-of-most-companies\/#primaryimage"},"image":{"@id":"https:\/\/blogs.skillovilla.com\/data-scientists-are-one-of-the-highest-paid-employees-of-most-companies\/#primaryimage"},"thumbnailUrl":"https:\/\/www.skillovilla.com\/blogs\/wp-content\/uploads\/2022\/04\/19209-scaled.jpg","datePublished":"2022-04-08T08:27:26+00:00","dateModified":"2022-04-09T08:28:25+00:00","author":{"@id":"https:\/\/www.skillovilla.com\/blogs\/#\/schema\/person\/e7c3c8380aa2ea8a601b3b6324ea2917"},"description":"A data science Course helps to identify meaningful correlations between data sets. The multidisciplinary field focuses on extracting","breadcrumb":{"@id":"https:\/\/blogs.skillovilla.com\/data-scientists-are-one-of-the-highest-paid-employees-of-most-companies\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/blogs.skillovilla.com\/data-scientists-are-one-of-the-highest-paid-employees-of-most-companies\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/blogs.skillovilla.com\/data-scientists-are-one-of-the-highest-paid-employees-of-most-companies\/#primaryimage","url":"https:\/\/www.skillovilla.com\/blogs\/wp-content\/uploads\/2022\/04\/19209-scaled.jpg","contentUrl":"https:\/\/www.skillovilla.com\/blogs\/wp-content\/uploads\/2022\/04\/19209-scaled.jpg","width":2560,"height":2016,"caption":"Data scientists are one of the highest-paid employees of most companies"},{"@type":"BreadcrumbList","@id":"https:\/\/blogs.skillovilla.com\/data-scientists-are-one-of-the-highest-paid-employees-of-most-companies\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.skillovilla.com\/blogs\/"},{"@type":"ListItem","position":2,"name":"Data scientists are one of the highest-paid employees of most companies"}]},{"@type":"WebSite","@id":"https:\/\/www.skillovilla.com\/blogs\/#website","url":"https:\/\/www.skillovilla.com\/blogs\/","name":"Blogs","description":"SkilloVilla","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.skillovilla.com\/blogs\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.skillovilla.com\/blogs\/#\/schema\/person\/e7c3c8380aa2ea8a601b3b6324ea2917","name":"Rajat","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.skillovilla.com\/blogs\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/02723b649117b20e7ed7ed9affec998ccfdb17c257ef253762509aaf89879529?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/02723b649117b20e7ed7ed9affec998ccfdb17c257ef253762509aaf89879529?s=96&d=mm&r=g","caption":"Rajat"},"url":"https:\/\/www.skillovilla.com\/blogs\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/www.skillovilla.com\/blogs\/wp-json\/wp\/v2\/posts\/3108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.skillovilla.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.skillovilla.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.skillovilla.com\/blogs\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.skillovilla.com\/blogs\/wp-json\/wp\/v2\/comments?post=3108"}],"version-history":[{"count":1,"href":"https:\/\/www.skillovilla.com\/blogs\/wp-json\/wp\/v2\/posts\/3108\/revisions"}],"predecessor-version":[{"id":3110,"href":"https:\/\/www.skillovilla.com\/blogs\/wp-json\/wp\/v2\/posts\/3108\/revisions\/3110"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.skillovilla.com\/blogs\/wp-json\/wp\/v2\/media\/3109"}],"wp:attachment":[{"href":"https:\/\/www.skillovilla.com\/blogs\/wp-json\/wp\/v2\/media?parent=3108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.skillovilla.com\/blogs\/wp-json\/wp\/v2\/categories?post=3108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.skillovilla.com\/blogs\/wp-json\/wp\/v2\/tags?post=3108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}