Salary trends according to the various aspects of the field of data science
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Transcript of Salary trends according to the various aspects of the field of data science
Salary Trends According To The Various
Aspects Of The Field Of Data Science
With the announcement of careers in the Data Science industry, being considered to be the sexiest of
the 21st century; there was a huge shift of popularity towards this field, both in terms of companies as
well as professionals. A decade ago, getting an entry into any professional field was pretty easy, in
comparison to the present times. Today, just having an MBA degree or a PhD degree in a related field,
does not cut it. The most popular hiring trend, which a lot head honchos belonging to HR abide by, is a
candidate who has a specialized certification in specific tools. This applies similarly to the field of Data
Science, which has led to a lot of candidates grappling in search for institutes, providing the best in class
specialization courses. Institutes like Imarticus, with their experts run learning programs and their
teaching methods of practical implementation and experiential learning, rule the roost in terms of
offering specialization courses. Imarticus in particular offers a number of specialization courses, which
ensure that a candidate not only has all the knowledge about that particular tool, but also about all the
relevant industry requirements.
When we talk about the field of data science, there are certain specific attributes, which we must be
acquainted with. Those professionals working in this field, better known as Data Scientists, are highly
skilled, in both Big Data and Data Science, which results in them being offered the highest salaries
available in the market. India has been no stranger to the various possibilities that data science has
opened up for professionals wanting to work in this field. But, what is surprising is the fact that the best
city, to work as a data analyst in India, is not the IT hub, Bangalore or the economical capital, Mumbai,
but surprisingly the city of Kolkata. Another very surprising attribute of this field, is that although start-
ups may spend fortunes in terms of offering salaries, to their data scientists, the most preferred data
analytic tool is the open sourced R Programming. The good news for all the data science aspirants, is
that these professionals can expect off the chart increases in their salaries, once they cross the five year
experience mark.
This is probably the reason why professionals skilled in R Programming, get paid the most. The highest
recorded salary so far, in the year 2015–16 is 12.75 lakhs per annum, for professionals skilled in multiple
data analytics tools. Knowledge of just big data technologies or just data science is not enough, it’s those
who have the combined knowledge of the two, who rake the big bucks consistently. In terms of the
Indian cities, which pay the highest salaries for data scientists, Mumbai tops the list, closely followed by
Bangalore, Delhi, Pune, Chennai, Hyderabad and Kolkata in that order. But when it comes to the
management of cost of living, the scene changes entirely. Data Scientist can live life king size in the city
of Kolkata, Bangalore, Pune, Chennai, Hyderabad, Mumbai and Delhi in that order. It is well known fact
that startups pay the most in order to gain the best Data Science starlets. It’s the huge companies that
pay a lot lesser. Thus it helps to do a lot of research in terms of this emerging field, as there are as many
benefits as the hard work here.
To learn all about the Analytics Landscape, Players, Job Trends, & Salary Trends
Download Industry Report