A new career option that has been trending lately, data science is an upcoming field that has immense potential for growth and remuneration, data science uses algorithms and scientific processes to derive information and patterns from disorganized data. This data is then used to make business predictions and decisions.
A data scientist is essential to businesses especially in the IT field and the increased demand recently has led to lucrative job opportunities. So, if this is a career you wish to pursue, then you should know how much data scientists earn.
A data scientist’s pay will vary mainly based on experience. The average base salary is Rs. 8,74,528 per annum.
An entry level scientist can earn around Rs. 5.7 lpa and this amount can rise to Rs. 8 lpa after a few years of experience. If a data scientist has an experience of 5 to 9 years, he/she can expect to earn around Rs. 14 lpa.
As is the case with most career options, higher the experience, greater is the salary. A data scientist with over 10 years of experience can easily command a pay of Rs. 19 lpa or higher.
If you are unfamiliar with the roles and responsibilities of a data scientist, we’ve got you covered.
Here are some of the main tasks data scientists need to cover -
Gathering unstructured and disorganized data
Extracting and/or recovering the data and converting it into a form that can be understood
Using this data to find out patterns or make predictions
Converting this analyzed data into a form that can be easily understood such as flowcharts, graphs, etc.
Given below are some of the skills data scientists should be familiar with -
Programming languages such as Python, R, SQL, etc.
Expert knowledge of statistics, mathematics, algorithms, as well as machine learning
Mathematical modeling and understanding which algorithm can be used to solve a given problem
Understanding how databases work and how knowledge can be extracted from them
Data science is one of the most in-demand professions today. High demand and low supply makes this an especially lucrative opportunity for youngsters as well. India is also one of the highest recruiters of data scientists in the world. So if this is a career path you are interested in, then you can easily find multiple courses offered by reputed universities to join.
The entry level salary for a data scientist is usually around Rs. 5 lakhs to Rs. 7 lakhs per annum.
There are similarities between the tasks done by data scientists and data engineers but they are not the same. Data engineers collect relevant data and organize them into certain categories. Data scientists on the other hand test, optimize, and present this data in the relevant format to the company.
Yes, there are a number of courses for data scientists in India. You can get a postgrad degree in business analytics, data science, artificial intelligence, etc. from reputed institutions such as IIT, IIM, etc. You can also do short term courses from online academies.
Depending on whether you wish to do a certification course or a postgraduate degree or even a post doctoral course, it can vary from 6 months to even 5 years.
Plenty of reputed companies around the world recruit data scientists. These include Cognizant, Accenture, Capgemini, Nielsen, American Express, etc.
Thank you. Your feedback is important to us.
