When opting for a specific job role, salary is one of the key factors to take an apt decision. A job's outlook is specified by its figures and potential. Salaries in big data job market is on a rise, which might interest you to take a look at the figures. This article provides you with salary transparency for Data Scientists and Data Analysts.
To begin with, the Big Data job market has a broad bandwidth and is very competitive. Salaries also depend on the Big Data exposure of a company. If a company is interested to expand Big data impact on it's work layout, then it is more likely to offer you with a higher salary. In the recent years there is tremendous job growth in IT sector. With increasing competition in technological advancement, every other IT firm is seeking for top-notch professionals with advanced machine learning and big data skills up their sleeves.
Now let's look at these roles in greater details. Let’s begin with Data Analyst.
Data Analysts are professionals who collect, process and execute analysis of data. Simply put, Data Analysts are responsible for determining how data can be used to solve certain problems. Depending on their skill set, Data Analysts may work with IT team or with Data Scientists to perform analysis of data. They make use of statistical tools to find patterns in data and put forward a crisp data report for effective management of data. They also frame and maintain databases and look after data issues. Data Analysts can be termed as 'Data Scientists in making' as they are continuously developing their skill set to shift to higher job role. However, there are companies who do not differentiate between a Data Analyst and a Data Scientist. One can become a Data Analyst right after graduation, so the salary is also differentiated between freshers and experienced Data Analysts. Here is the salary window according to Payscale and Glassdoor.
For Data Analyst:-
According to Payscale, per annum income in US market would be somewhere between $34802 - $79927
In India, the salary window ranges between ₹170023-₹810556 per annum.
According to Glassdoor, per annum income in US market would be somewhere between $45000 - $90000
In India, the salary window ranges to ₹404660 (National Average per annum)
For Senior Data Analyst, the salary window is as follows.
According to Payscale, per annum income in US market would be somewhere between $51000 - $102923
According to Glassdoor, per annum income in US market would be somewhere between $65000 - $108000
Now, let's look at Data Scientist.
Data Scientists use their extensive skills in maths, statistics and programming to organise a huge amount of data. They extract these data from multiple sources, clean them from unnecessary information and implement advanced analytics, machine learning for data modelling. With their high level programming skill they write queries or algorithms to automate data analysis. Data Scientists are also responsible for providing cost-effective, data driven solutions to any company and speculate profit or loss of the company from the given data.
Different companies look for different level of expertise in a Data Scientist. Some want their Data Scientists to work with Data Analysts, while others prefer experts equipped with advanced analytics and machine learning knowledge. As the job of a Data Scientist is risk driven and challenging, their salary is higher than that of Data Analysts.
For Data Scientist:
According to Glassdoor, per annum income in US market would be somewhere between $76000 - $148000
According to Payscale, per annum income in US market would be somewhere between $63500 - $138123
In India, the salary window ranges to ₹620244, average per annum.
Hope this article was helpful and would help you make appropriate decisions.