What Are The Salaries Like In The Field Of Analytics?
Did you know that there is a way, with the help of which you can predict which Hollywood movie is going to win an Oscar this year? Or that there will come a time, when you will be able to play video games, just by sitting on our couch and inserting a chip in the back of your neck? Well these things may probably seem extremely novel to you, but you surely must have heard about this amazing new initiative of the biggest e-commerce giant Amazon called as, Amazon Go. The big cheeses over there are trying to develop a way through which, you could walk into a store, pick up an item of your choice and head out of it. No lines, no fuss and the bill will be directly added to your account on Amazon. There are just two words, behind this mammoth like advanced development and they are, data analytics.
Data Analytics has literally fired up all the organizations world over and has also resulted into the generation of a huge demand, for those professionals who are equipped to deal with huge data sets and derive value out of numbers. As more and more start up begin to invest in this field, those big gun organizations are also led to consolidate funds for their data operations. This will soon result in a lot of companies not only demanding but also beginning to outsource work for data analysts. While it is no secret that careers in this field are considered to be the best for all of those, who aspire to work in the IT field someday. This, by extension also suggests that all those Data Scientists and Data Analysts must be getting paid, very handsomely. While there have been numerous studies and researches being conducted, in order to compare the salaries of those IT professionals whose skills are most in demand in the market, to that of the Big Data practitioners. It was found that while, companies tried to maintain the salaries of IT professionals in accordance with the inflation trends, they were very much ready to pay more to all of the data analytics professionals. There probably are many reasons for these professionals being offered handsome pay packages, most important being that Big Data and Data Analytics are two, newly emerging fields, which still need to be defined clearly. Let’s talk in terms of just plain numbers, any average data scientist, worth his grain, will be paid anything between $12,000; assuming they are highly experienced. The median salary for any of the BI or analytics professionals is around $87,000 and for those specializing in Big Data, it is anything around $ 90,000 whereas those, in the data warehousing sub-field draw close to $100,000 on an annual
basis. As blinding as these numbers are, one thing becomes crystal clear from them, is that to be paid so handsomely, professionals in the analytics industry, definitely need to prove their mettle.
This is exactly why a lot of aspirants opt for numerous specialization courses, which help them not only polish their skills, but also to get industry endorsed skills. Institutes like Imarticus Learning are forerunners, when it comes to offering industry relevant, specialization training programs in various data analytics tools like R Programming, SAS, Hadoop, Python and so on. To learn all about the Analytics Landscape, Players, Job Trends, & Salary Trends
Download Industry Report