Data-related job prospects have increased at an unprecedented rate in recent years. Because of the technological breakthroughs we are witnessing, businesses are keen to collect data and gain insights. The availability of data nowadays can help firms get several benefits from it. As a result, organizations in India are not bashful about giving higher data scientist salaries. Companies are offering good data science salaries to people with the expertise to work as Data Analysts, Scientists, Engineers, and more.
Read this article to know the Data Science salary, a typical Masters in data science salary, and more.
How Much Does a Data Scientist Make?
Data Scientist Salary in India
There are various Data Scientists job vacancies in India, providing the opportunity for data science professionals to advance in their professions and data enthusiasts to start a career in this industry. More than 50,000 data scientist positions are available in India.
The average data science salary per month in India is 59001, according to PayScale.
Data Scientist Salary in the US
According to the United States Bureau of Labor Statistics, the job of all computer and information research scientists is predicted to increase by 19% by 2026, which is substantially faster than the average for all occupations. Over the next decade, 5,400 additional positions are expected to emerge. According to LinkedIn, there are over 20,000 data science job openings in the United States.
The average data science salary per month in the United States is $8,008, according to PayScale.
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Data Scientist Salary by Experience
Experience is one of the essential factors in almost every profession; however, this stands exceptionally accurate for a data scientist's salary.
Entry-level Data Scientist Salary
An entry-level data scientist has recently graduated from university or someone senior who has recently changed their domain and has no prior expertise in the subject. Typically, their emphasis is on learning and skill practice. Organizations that recruit data science novices or amateur data scientists provide them with on-the-job training and preparation.
- The annual salary for an entry-level data scientist in the US is expected to be $69,000.
- The annual salary for an entry-level data scientist in India is expected to be INR 5,00,000.
- A mid-level data scientist in the US earns an average of $89,000 per year.
- A mid-level data scientist in India earns an average of INR 13,00,000 per year.
Experienced Senior Data Scientist Salary
Senior data scientists are data professionals who have committed their careers to the data science profession and are one of the team’s most significant and vital resources and, by extension, their business. A senior manager’s data science salary is one to aspire for because they make the highest money out of their peers in the same field.
The average senior manager data science salary in the US for an experienced manager-level is $184,000.
India’s average senior manager data science salary for an experienced manager-level is INR 25,00,000.
Best-Paying Countries for Data Scientists
The data science salary per month is also affected by a country's development rate; for example, developed countries pay more excellent wages and have more work for data scientists than developing countries.
Top cities in India offer the highest paying data scientists jobs. Top 5 countries with the highest data science salaries in the world.
|COUNTRY||DATA SCIENTIST AVERAGE SALARY|
|United States of America||USD 120,000 (Annually)|
|Australia||AUD 75,233-121,578 (Annually)|
|Israel||USD 88,000 (Annually)|
|Canada||USD 77,870-17,750 (Annually)|
|Germany||EUR 2,740-9,470 (Monthly)|
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Data Scientist Salary – By Company
- Facebook data science salary: INR 63.4 LPA
- Google data science salary: INR 31.4 LPA
- IBM data science salary: INR 11.8 LPA
- Amazon data science salary: INR 15.5 LPA
- HCL Technologies: INR 9.1 LPA
- Accenture: INR 12.1 LPA
- Microsoft: INR. 28.1 LPA
- TCS: INR. 7.9 LPA
Average Data Scientist Pay vs. Other Best Jobs
Let’s look at the average salaries of other related roles compared to the Data Scientist salary in India.
- Software engineer average salary in India: INR 510,982
- Senior Business Analyst average salary in India: INR 975,409
- B.Sc. data science salary: INR 5,00,000
- MS data science salary in India: INR 6,98,412
- Technical Consultant average salary in India: INR 895,842
- MBA data science salary in India: INR 6,00,000
The job profile and data scientist pay are both quite appealing. If you have the necessary skill sets and desire to pursue a career as a data scientist, now is the time.
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Opportunities always abound, and the industry is in dire need of experienced individuals. So Go ahead and make the best career choice.
Frequently Asked Questions (FAQs)
1. How much money can you make in data science?
The median income for a data scientist is INR. 698,412. An entry-level data scientist with less than a year of experience makes around INR 500,000 per year. Data scientists with 1 to 4 years of experience make around INR 610,811 per year.
2. Is data science in high demand?
Data scientists are in high demand as data can be used for different purposes. Data Scientist jobs have grown by 650 percent, and this trend shows no signs of slowing down. According to the U.S. Bureau of Labor Statistics, demand for data science abilities will rise by 27.9 percent by 2026.
3. What is the highest salary in data science?
The Highest salary in Data Science is INR 25.0 Lakhs per year.