Everything about Data Scientist Salary in India | 2024

Whenever we decide to do a job, the first thing that we would notice apart from the passion is the salary that we get out of it. If the pay is good, even if we don’t have passion, we’ll do it. The salary range in the technology field is always higher than in other fields.

If that’s the case, have you ever wondered what would be the average data scientist salary in India? Data science is considered to be one of the highest-regarded jobs out there.

In order for you to get a clear picture, we formulated this article which focuses on data scientist salary and the factors influencing them. So, without further ado, let us get started!

Who is a Data Scientist?

Before we understand anything about data scientist salary, let us understand the role of a Data Scientist.

Data scientists are analytical professionals who possess a unique blend of expertise in computer science, mathematics, and statistics. Their role involves collecting, analyzing, and evaluating large datasets to identify patterns and extract meaningful information.

By combining industry knowledge, contextual insights, and critical thinking, data scientists offer innovative solutions to solve complex business challenges.

They play a pivotal role in bridging the gap between technology and social sciences and contribute to the success of organizations across various industrial sectors.

If you are intrigued by the world of data science and want to become a data scientist, refer here – A Complete Guide To Become A Data Scientist In 3 Months

Factors Influencing Data Scientist Salary in India

The interesting aspect of Data Science careers is the salary potential. In India, the Data Scientist salary is an attractive compensation package right from the beginning, even for freshers in the industry. Let us understand the factors influencing data scientist salary in India.

But before we go any further, if you want to learn and explore more about Data Science and its functionalities, consider enrolling in a professionally certified online Data Science Course that teaches you everything about data and helps you get started as a data scientist.

The average Data scientist salary in India is approximately INR 9,20,000 per year, according to Ambition Box. However, it’s essential to note that several factors influence data science salaries, such as experience, skills, job roles, company, and location.

1. Experience

Experience plays a significant role in determining data science salaries. Entry-level data scientists may start with a lower salary, but as they gain experience and expertise in on-demand skills, their earning potential increases.

Mid-level and seasoned Data Scientists with several years of experience can demand higher salaries, given they keep up with evolving trends and Data Science advancements.

Salary Based on Experience

• As a fresher with less than one year of experience, you can expect an average data scientist salary of around INR 5 – 7 Lakhs per year.

• With 1-4 years of experience, your earning potential increases to approximately INR 8 – 9 Lakhs per year.

• Mid-career data scientists with 5-9 years of experience can command an average annual salary of up to INR 16 Lakhs per year. And, those with 10-19 years of experience can earn up to INR 25 Lakhs per year.

2. Skills

Having a diverse skill set can significantly impact your data scientist salary. In-demand skills like machine learning, Python, statistical analysis, and big data analytics can enhance your earning potential.

Employers value professionals who possess a comprehensive understanding of these skills, as they contribute to more efficient data analysis and problem-solving.

By continuously upgrading your skills, you can stay competitive and command higher salaries in the data science job market.

Salary Based on Skills

• Data Scientists with Machine Learning expertise can earn around 5 lakhs INR to 16 lakhs INR as they advance in the industry.

• Data Scientists with sound knowledge and experience in AI can earn a handsome salary in the industry space.

• Professionals with expertise in Big data get paid well compared to others.

3. Companies

The choice of employer also plays a crucial role in determining data science salaries in India. Prominent organizations often offer more lucrative compensation packages to attract top talent.

The reputation and size of the company determine the data scientist salary of its employees. Companies like IBM, Wipro, Deloitte, Amazon, Microsoft, Accenture, and Flipkart are known for their competitive salaries for data scientists.

It is worth noting that different positions within these companies may have varying data scientist salary ranges, so it’s essential to research and compare offers before making a decision.

4. Location

Geographical location is another significant factor influencing data science salaries in India. Major cities like Bangalore, Mumbai, Chennai, Delhi, Gurgaon, Hyderabad, Pune, and Noida offer abundant job opportunities in the field of data science.

Salaries can vary depending on the cost of living and demand for data scientists in these cities.

Salary Based on Location

• Data scientists in Bangalore can expect an average annual salary of INR 10 – 11 lakhs per year while those in Mumbai earn around INR 8-9 Lakhs per year.

• The average annual salary of Data Scientists in Chennai is INR 8-9 Lakhs Per year and that of Delhi is INR 9-10 Lakhs per year.

5. Job Roles

Data science encompasses various job roles, each with its own responsibilities and salary ranges. Data analysts, data scientists, and data engineers are some of the key roles in the field.

Data analysts focus on collecting and analyzing data to solve business problems and help business stakeholders make more informed decisions.

Salary Based on Job Roles

• Data scientists command an average salary of INR 8 Lakhs per year, given their expertise in data collection, analysis, and translation of insights into actionable strategies.

• Data engineers, responsible for managing and transforming raw data, also earn an average annual salary of INR 8-8.5 Lakhs per year.

If you are confused about Data Science and Data Analytics, here is a breakdown of the two trending domains – Data Science vs Data Analytics | Know Everything About These Two

Top Industries Hiring Data Scientists and Their Salaries

Data science finds applications in various industries, offering diverse opportunities for Data Scientists. Let’s explore some of the top industries and their corresponding data scientist salary in India.

These diverse industries provide an ample sum of data scientist salary and landing a job in any one of these can make your dream come true!

Tips to Advance Your Data Scientist Salary

If you aspire to maximize your earning potential and increase your data scientist salary, consider the following strategies:

1. Continuous Skill Development

Staying updated with the latest advancements in the field of Data Science is crucial for career growth and a rewarding job with higher salaries. Let us find out what skills help Data Scientists skyrocket their salaries.

a) Data visualization

As you advance in a career, the role of Data Scientist isn’t limited to just analyzing, organizing, and categorizing data, you’ll also need to master data visualization & trending data visualization tools like Power BI Tableau, and Microsoft Excel. By honing your visualization skills, you can effectively communicate the value of your work.

b) Interpersonal skills

You’ll have to develop corporate interpersonal skills like communication, team management, listening, organizing, storytelling, accountability, leadership, and more in order to increase your data scientist salary.

Improving your interpersonal skills will help you collaborate with ease and build strong relationships at work.

c) Machine Learning and Deep Learning

As a data scientist, it’s important to master machine learning and deep learning. These techniques can enhance your skills by enabling you to gather and synthesize data more efficiently and predict the outcomes of future data sets.

2. Build a Portfolio

Building an online portfolio is a great way to stand out in the crowded Data Science job market. Showcase your technical projects and visualization skills to attract job opportunities with a high data scientist salary.

Building a strong track record of successful projects and demonstrating your ability to deliver results can lead to higher salaries and better job prospects.

3. Gain Experience

Experience is a critical factor in determining data science salaries. Seek opportunities to work on challenging projects, take on leadership roles, and continuously develop your expertise.

4. Pursue Certified Courses

Obtaining relevant certifications in data science can serve as a testament to your expertise and dedication.

Certifications offer a structured learning path and provide validation of your skills, making you a more desirable candidate for high-paying positions among the others.

Consider enrolling in reputable data science certification programs to enhance your knowledge and boost your resume’s outlook.

If you are looking to upskill your Data Science knowledge and its prospects, consider enrolling for
GUVI’s certified Data Science – Zen Class Career program and earn a high-paid data scientist job!

Conclusion

In conclusion, data science offers an exciting and interesting career path in India. With the growing importance of data-driven decision-making, businesses across industries are in desperate need of skilled data scientists.

As companies increasingly recognize the value of data-driven decision-making, the importance of data scientists will only continue to grow and so will the data scientist salary. So, if you’re considering a career in data science, now is an excellent time to pursue it.

FAQs

1. Do I need a degree to become a data scientist in India?

While a degree in computer science, mathematics, or statistics can be beneficial, it is not always a strict requirement to become a data scientist. Many data scientists come from diverse educational backgrounds.

2. How can I improve my data scientist salary in India?

To maximize your earning potential as a data scientist, you should stay focused on gaining in-demand skills, obtaining certifications, gaining valuable work experience, building an excellent portfolio, and targeting positions in top companies.

3. What are the career opportunities for Data Scientists in India?

As industries continue to require data-driven insights, data scientists can expect to grow into managerial positions or specialize in specific fields like big data analytics, deep learning, or artificial intelligence.

4. How hard is data science?

Data Science might appear difficult to learn and understand in the beginning. Continuous skill development, strong foundational knowledge, and practical experience can make Data Science, an interesting field of study.

5. What is the future of data science?

With the rapid advancement of technology and the exponential growth of data, the field of data science is expected to continue to expand in the coming years. This means that the demand for skilled data scientists will remain high.