Salary Trends In The Big Data Science Industry Considered Among The Most Progressive
The past few decades have experienced tremendous leaps in the field of technology. There have been a number of top gun companies, who have been the major players in the sector of information technology and digitization. Many of them have reiterated time and again, that there will come a time when the immense amount of data that is being generated, will require professionals to transform it into boosting business ventures. This data that is being generated, almost at the speed of light all around the world is known as big data. Big Data science basically deals with analytics of this very data and drawing out growth strategies from the same. Big Data Scientist is a professional who is adept at working with big data, has efficient tools to enable them to perform predictive analysis, which will benefit their companies. Today, the concept of predictive analysis has begun to receive a lot of importance. A lot of companies spanning various fields from travel, information technology to retail and health, have begun to realize the importance of data analytics and big data science as the key drivers to their growth. Data Analytics forms the basis for a number of decisions from understanding consumer behavior to employee enhancement procedures. These are few of the reasons as to why, numerous companies are looking to hire Data Scientists to meet their growing demand of data analytics.
Recently the Harvard School of Business announced that the position of a Data Scientist, is the sexiest job of the 21st century. There have also been numerous studies and surveys, which state that this career has the most progressive of salary trends. A Data Scientist or a Data Analyst can expect close to or more than 70% raise and get paid around 12 lakh annually, on an average on completion of at least 5 years in the industry. There seems to be a consistent increase in the amount of basic salary that data analysts earn at the entry level. Mumbai, Banglore, Delhi and Kolkata seem to be cities that top the charts, when it comes to the salaries paid to data analytics professionals herein. The salaries in these cities can range anything from 9.9 laks p.a to about 9.35 lakhs p.a. India as a country, is also a flourishing market for start-ups, which seem to be especially keen on hiring data science professionals and offering salaries up to 10 lakhs for senior level jobs. When it comes to the sectors, which demand the most number of data scientists, Ecommerce sector definitely takes the cake. This sector offers salaries close to 12 lakhs and is closely followed by Retail and FMGG sectors, which offer slightly less. When it comes to the specializations in the field of data analytics, it is the Advanced Analytics or Predictive Modelling Professionals, who are paid the highest salaries. Data Mining Professionals are a close second, followed by those with profiles in Big Data Hadoop, NoSql, Reporting, Bi and more. This trend seems to be that will not be fading out any soon. Many education institutes have started offering training programs in the field of data analytics today. Imarticus Learning is a premium education institute, offering various industry endorsed courses in the field of Data Analytics tools like R Programming, SAS Programming, Big Data Hadoop etc.