Data Scientist Salary in India

Data Scientist Salary in India

09 Mar 2024
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Data Scientist Salary in India: An Overview

Are you interested in data scientist salaries in India? Isn't it an explosive topic? So, buckle up! We are going to enter the fascinating world of data science earnings. The numbers can range from major cities to IT hubs. Let's look at what elements influence those salaries and what you may expect in this ever-changing landscape. Are you ready to solve the mystery? Let's get started!

Who is a Data Scientist?

A data scientist is a specialist who extracts knowledge and insights from data. They collect, clean, and analyze data using their statistics, programming, and machine learning knowledge. Data scientists then apply their insights to assist organizations in making better decisions.

Requisite skills for a data scientist

  • Programming: Knowledge of programming languages such as Python, R, and SQL is required for tasks such as data wrangling, data analysis, & machine learning.
  • Statistics and Probability: Understanding data distributions, planning experiments, and evaluating the importance of results all require a solid basis in statistics and probability.
  • Deep Learning and Machine Learning: Knowledge of machine learning algorithms and deep learning techniques is required for developing predictive models, extracting patterns, and making data-driven recommendations.
  • Data Visualisation: Using tools such as Tableau, Power BI, and Matplotlib, effective data visualization abilities are essential for presenting insights to both technical and non-technical audiences.
  • Database Management and Data Wrangling: Data wrangling skills are required for cleaning, converting, and preparing data for analysis. It is advantageous to be familiar with database management technologies such as SQL and NoSQL databases.

Read More - Top Data Science Interview Questions

Data Science Job Roles for A High Data Science Salary In India

Here are some of the top data science job roles in India that offer competitive salaries:

  • Lead Data Scientist: From problem identification to model implementation, lead data scientists supervise the whole data science process. They have a wealth of knowledge in data analysis, machine learning, and team leadership. The average annual wage is 32 LPA.
  • Senior Data Scientist: Senior data scientists are critical in developing and executing data-driven business solutions. They are well-versed in data analysis methodologies and machine learning algorithms. 27 LPA is the average annual pay.
  • Data Science Manager: Data science managers oversee and direct teams of data scientists to ensure that data is used efficiently to produce business value. They have excellent leadership and communication abilities. 25 LPA is the average annual pay.
  • Data Architect: Data architects develop and construct data infrastructure to support data gathering, storage, and analysis. They are knowledgeable in database architecture and data management systems. LPA average annual salary: 23
  • Machine Learning Engineer: Machine learning engineers design, train, and deploy machine learning models to solve challenging business challenges. They have great programming abilities as well as knowledge of machine learning algorithms. 22 LPA is the average annual pay.
  • Business Intelligence Analyst: Business intelligence analysts collect, analyze, and present data to help businesses make choices. They have good analytical skills as well as knowledge of data visualization technologies. 19 LPA is the average annual pay.
  • Data Analyst: Data analysts collect, clean, and analyze data to uncover trends and patterns. They have excellent analytical and problem-solving abilities. 14 LPA is the average annual pay.
  • Data Scientist Intern: Data scientist interns work on data science projects and contribute to data-driven solutions. They often have a good academic background in data science or a discipline connected to data science. 6 LPA is the average annual pay.

Responsibilities of Data Scientists

  • Recognize and define data-driven problems
  • Collect, clean, & prepare data for analysis
  • Analyse data using methods from machine learning and statistical analysis
  • Present findings and recommendations to stakeholders
  • Communicate results and suggestions to stakeholders
  • Create and deploy data-driven solutions

Key Reasons to Become a Data Scientist

Here are some compelling reasons to pursue a career as a data scientist:

  • Job Security and High Demand
  • Competitive salaries
  • Intellectual Difficulties and Constant Learning
  • A Wide Range of Industries and Applications
  • Exploration of Big Data Analytics
  • Possibility of Learning About New Technologies
  •  High Job Satisfaction

Average Data Scientists Salary Range in India

Data Scientist's salaries in India range from 3.9 Lakhs to 27.9 Lakhs, with an average yearly salary of 13.3 Lakhs. Estimated salaries are based on the most recent 38.1k salaries received from Data Scientists.

Image Source: Ambitionbox

Factors Affecting Data Scientist Salary in India

Experience

Data scientists with greater experience often earn a higher salary. This is due to their greater understanding of data analysis techniques & machine learning algorithms, as well as their ability to handle more complicated problems.

Skills

Data scientists who possess in-demand abilities like natural language processing, machine learning, and deep learning can usually fetch a greater salary. This is because certain abilities are in high demand and are not generally available.

Location

Data scientists in larger cities like Mumbai, Bangalore, and Delhi often earn more than data scientists in smaller towns. This is because larger cities have more competition for data science skills.

Company

Data scientists in larger, more well-known companies often earn more than data scientists at smaller, less well-known companies. This is due to larger organizations' higher finances and willingness to pay more for excellent talent.

Industry

Data scientists in specific businesses, such as technology, finance, and healthcare, often earn higher wages than data scientists in other industries. This is because these industries are more data-driven and are ready to pay a premium for data science talent.

Data Scientist Salary by Location

Data Scientist Salary in Bangalore

The yearly salary of a Data Scientist in Bengaluru/Bangalore ranges from 4.0 Lakhs to 26.0 Lakhs, with an average annual compensation of 13.6 Lakhs. Estimated salaries are based on the most recent 11.4k salaries received from Data Scientists.

Image Source: Ambitionbox

Data Scientist Salary in Pune

Data Scientist salaries in Pune range from 3.6 Lakhs to 20.0 Lakhs per year, with an average yearly pay of 12.4 Lakhs. The salary estimates are based on the most recent 4.2k salaries received from Data Scientists.

Image Source: Ambitionbox

Data Scientist Salary in Mumbai

Data Scientist salaries in Mumbai range from 4.0 Lakhs to 22.7 Lakhs per year, with an average yearly pay of 12.7 Lakhs. The salary estimates are based on the most recent 2.2k salaries received from Data Scientists. Image Source: Ambitionbox

Data Scientist Salary in Hyderabad

The yearly salary of a Data Scientist in Hyderabad/Secunderabad ranges from 3.5 Lakhs to 21.0 Lakhs, with an average yearly salary of 13.2 Lakhs. The salary estimates are based on the most recent 4.3k salaries received from Data Scientists. Image Source: Ambitionbox

Data Scientist Salary in New Delhi

Data Scientist salaries in New Delhi range from 3.5 Lakhs to 23.0 Lakhs per year, with an average yearly salary of 13.4 Lakhs. The salary estimates are based on the most recent 1.8k salaries received from Data Scientists. Image Source: Ambitionbox

Data Scientist Salary by Experience

Data Scientist Salary for Freshers

Data Scientist's salaries in India range from 2.4 Lakhs to 22.9 Lakhs per year, with an average yearly salary of 9.3 Lakhs. The salary estimates are based on the most recent 5.7k salaries received from Data Scientists. Image Source: Ambitionbox

Data Scientist Salary for Mid-level

Data Scientist salaries in India range from 5.0 Lakhs to 29.0 Lakhs per year, with an average salary of 13.9 Lakhs. The salary estimates are based on the most recent 6.5k salaries received from Data Scientists. Image Source: Ambitionbox

Data Scientist Salary for Experienced

Data Scientist salaries in India range from 7.0 Lakhs to 63.0 Lakhs, with an average yearly salary of 19.4 Lakhs. Salary estimates are based on 21 recent Data Scientist salaries. Image Source: Ambitionbox

Data Scientist Salary by Skills

Some of the most in-demand skills that can lead to better salaries are:

  • Python, R, and SQL are examples of programming languages.
  • Hadoop, Spark, and Tableau are data mining and analysis tools.
  • Algorithms and approaches for machine learning.
  • Excellent communication and presenting abilities.

Image Source: Ambitionbox

Data Scientist Salary by Companies

Data Scientist salary by Company refers to the average compensation that data scientists make at various firms. This information might be useful for data scientists looking for a new career as well as firms looking to attract and retain top talent.

Image Source: Ambitionbox

How To Improve Data Science Salary?

Here are some efficient methods for increasing your earning potential:

  • Improve Your Technical Skills
  • Acquire Specialised Knowledge
  • Create a Strong Portfolio
  • Pursue Industry Certifications
  • Network with Industry Professionals
  • Negotiate Confidently
  • Stay Updated on Industry Trends
Summary

In-depth information about data science salaries in India is provided in this article. In India, the average pay ranges from 3.9 Lakhs to 27.9 Lakhs, with differences depending on city and industry. The essay also discusses how to increase your compensation by learning specialized skills, developing a solid portfolio, and staying current in your profession.

FAQs

Q1. What is the starting salary for a Data Scientist in TCS?

TCS Data Scientist salaries in India range from 9.0 Lakhs for less than one year of experience to 9.0 Lakhs for nine years of expertise. TCS India's Data Scientist pay ranges from 3.7 Lakhs to 14.7 Lakhs. It is, according to our estimations, 30% less than the typical Data Scientist Salary in IT Services & Consulting Companies.

Q2. Can a Data Scientist make one crore?

In India, a Junior Data Scientist can earn 3.46 to 20 LPA with experience, and a Senior Data Scientist can earn 10 to 45 LPA. In India, a Lead Data Scientist earns between 24 Lakhs and 1 Crore per year.

Q3. Is it possible for a data scientist to become a billionaire?

Data Science, like every other professional path, has the potential to make you wealthy. However, the path to a successful data-driven job involves commitment and a lot of hard work; it will not happen quickly.
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