Data Analytics Salary 2024 - How Much Do Data Analysts Make?

Data analytics salary depends on location, experience, and industry. Keep reading to learn about the data analytics salary in 2024.

Data Analytics Salary: Data analysts leverage mathematical and analytical techniques to convert data into actionable insights for informed business decisions. With the growing volume of available data, there is an escalating demand for proficient data analysts capable of processing and interpreting this information. Due to their valuable skills, data analysts typically receive competitive compensation.

This article delves into the data analytics salary and explores how factors such as experience, industry, location, and job title can influence their salaries. Whether you are looking to commence or advance your career in data analysis, we will also discuss strategies that may enhance your earning potential.

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Table of Contents

What is Data Analytics?

Data analytics examines, cleans, transforms, and models data to discover useful information, draw conclusions, and support decision-making. It involves applying various techniques and tools to analyze data sets, extract meaningful patterns, and gain insights into trends, relationships, and outcomes.

The primary objectives of data analytics include understanding the past, optimizing the present, and predicting the future based on data-driven evidence. It is an interdisciplinary field that combines statistics, mathematics, computer science, and domain-specific knowledge to uncover valuable insights from structured and unstructured data.

Also read: Data Analytics Meaning, Importance, Techniques, Examples

What is an average data analyst’s salary?

The average salary for a Data Analyst in India is ₹6,00,000 per year according to Glassdoor. This figure is based on the base pay for data analysts in the country. Coursera also supports this information, emphasizing that data analysts are well-paid for their skills.

Data Analytics Salary in India

Data analysts are crucial in transforming raw data into actionable insights, driving better business decisions across various industries. The salary of data analysts in India is influenced by factors such as industry, location, experience, and job role. Here’s an overview of starting salary of data analyst in India based on different parameters:

1. Industry Impact:

Industries with high demand for data professionals, such as hardware, networking, finance, and information technology, tend to offer higher salaries. Data analysts in these sectors typically earn more compared to other industries.

2. Location Influence:

The geographical location also plays a significant role in determining data analyst salaries. According to Glassdoor, here are the average salaries for data analysts in different Indian cities:

Bangalore: ₹6,50,000
Mumbai: ₹5,00,000
Chennai: ₹6,00,000
Gurugram: ₹6,60,000
Pune: ₹5,00,000
Hyderabad: ₹6,00,000

3. Salaries for Other Data Professionals:

As professionals gain experience and acquire advanced data science skills, they may transition into more specialized roles. Here are the average base salaries for various data-related positions in India (according to Glassdoor):

Database Administrator: ₹7,20,000
Statistician: ₹4,93,839
Data Engineer: ₹8,30,000
Data Scientist: ₹12,00,000
Analytics Manager: ₹21,00,000
Business Intelligence Analyst: ₹7,63,308
Machine Learning Engineer: ₹9,00,000
Data Architect: ₹22,00,000
Business Analyst: ₹8,37,500

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Data Analytics Salary for Freshers

The salary for entry-level Data Analytics positions in India (INR):

1. Junior Data Analyst:

Junior Data Analysts assist in collecting, processing, and analyzing data to support organizational decision-making. They often work with senior analysts to understand business requirements and contribute to data-driven insights.

Average Salary: ₹3,00,000 to ₹4,00,000 per annum

2. Data Scientist Trainee:

Data Scientist Trainees work closely with experienced data scientists to learn and apply statistical methods, machine learning techniques, and data analysis to solve business problems. They assist in developing models and algorithms.

Average Salary: ₹3,50,000 to ₹5,00,000 per annum

3. Associate Data Engineer:

Associate Data Engineers support designing, constructing, and maintaining scalable data pipelines and databases. They work with structured and unstructured data and contribute to creating efficient data architectures.

Average Salary: ₹3,50,000 to ₹4,50,000 per annum

4. Data Analytics Intern:

Data Analytics Interns gain hands-on experience by working on real-world projects.

Average Stipend: ₹15,000 to ₹25,000 per month

5. Research Analyst – Data Analytics:

Research Analysts in Data Analytics focus on gathering, interpreting, and presenting data relevant to specific research projects. They may collaborate with other teams to contribute insights for decision-making.

Average Salary: ₹3,00,000 to ₹4,50,000 per annum

Data Analytics Salary Per Month by Industry

Data analytics professionals are pivotal in helping organizations derive meaningful insights from vast data. The salary of a data analyst in India per month varies significantly based on the industry they work in. Different sectors have distinct demands for data expertise, influencing the compensation packages offered to professionals.

Data analysts often enjoy higher salaries in industries like hardware, networking, finance, and information technology, where the demand for data professionals is exceptionally high. These sectors leverage data analytics for strategic decision-making, and as a result, they are willing to invest in top talent to ensure effective data utilization.

As data professionals gain experience and expertise, they may progress into more specialized roles within the broader field. Salaries for related positions illustrate the earning potential as one advance in their data analytics career:

Business Analyst: ₹69,792 per month
Business Intelligence Analyst: ₹63,609 per month
Statistician: ₹41,153 per month
Database Administrator: ₹60,000 per month

Also read: Top 10 Data Analytics Tools for 2024

Highest Salary of Data Analyst in India by Location

The table presents the highest monthly salaries for Data Analysts in various Indian cities, showcasing the regional variations in compensation based on geographical location.

Highest Salary of Data Analyst in India by Location
Location	Highest Monthly Salary (INR)
Bangalore	₹54,167
Gurugram	₹55,000
Hyderabad	₹50,000
Mumbai	₹41,667
Chennai	₹50,000
Pune	₹41,667

Benefits of Choosing Data Analytics as a Career Option

Here are some of the benefits of choosing data analytics as a career option:

1) Lucrative Salaries:

Due to the high demand and specialized nature of the skills involved, data analysts often command competitive salaries. As professionals gain experience and expertise, they may see further increases in their earning potential.

2) Problem-Solving Skills:

Data analysts are tasked with solving complex problems by extracting meaningful patterns and trends from data. This constant problem-solving aspect of the job enhances critical thinking skills and contributes to personal and professional growth.

3) Global Opportunities:

The skills acquired in data analytics are in demand globally. This opens up opportunities for professionals to work in different countries and collaborate on international projects, broadening their exposure and experiences.

4) Job Security:

The increasing reliance on data-driven insights makes data analysts integral to the success of many organizations. This high demand for their skills provides a level of job security, especially for those with strong analytical abilities.

5) Contribution to Innovation:

Data analysts often play a key role in driving innovation within organizations. By uncovering trends and patterns, they contribute to the development of new products, services, and strategies, fostering a culture of innovation.

6) Fulfilling and Challenging Work:

Data analytics offers intellectually stimulating work that involves tackling complex challenges. The satisfaction of solving intricate problems and contributing to meaningful outcomes adds to the overall fulfillment of a career in data analytics.

Also read: 5+ Best Data Analytics Certifications for Success in Your Career 2024!

How To Get Started With a Data Analytics Career?

“Mastering Data Analytics” by Physics Wallah is an ideal choice for individuals seeking to elevate their data analytics skills to a professional level. Whether aiming for a career in data analysis, business intelligence, or related fields, this course provides a solid foundation and advanced expertise in the rapidly evolving domain of data analytics.

Key Features of the Course:

Holistic Learning Approach: The course takes a holistic approach, covering the entire spectrum of data analytics. Participants gain insights into both frontend and backend aspects of data analysis, ensuring a well-rounded understanding of the field.
Cutting-Edge Tools and Methods: Participants learn to leverage the latest tools and methods in data analytics. This includes hands-on experience with industry-standard software and platforms, empowering them to work with real-world datasets.
Data Collection and Organization: Understanding the importance of data collection and organization, participants learn effective strategies to gather and structure data. This foundational knowledge is crucial for accurate and meaningful analysis.
Data Processing and Analysis: The course covers advanced techniques for data processing and analysis. Participants gain proficiency in handling large datasets, cleaning and transforming data, and deriving actionable insights through statistical methods.
Data Visualization: Visualizing data is a key aspect of communication in data analytics. The course emphasizes the importance of data visualization tools and techniques, enabling participants to create compelling visual representations of their findings.
Multiple Data Sources: Recognizing the diversity of data sources in the modern landscape, the course prepares participants to handle data from various channels. This includes structured and unstructured data from sources such as databases, APIs, and web scraping.

Also read: Data Analyst Roadmap 2024: Responsibilities, Skills Required, Career Path

FAQs

How does experience impact Data Analytics salaries?

Experience plays a crucial role in determining Data Analytics salaries. Entry-level analysts can expect a lower salary, while those with several years of experience, often termed as senior or lead analysts, can command higher salaries. As experience grows, so does earning potential.

What industries offer the highest salaries for Data Analysts?

Industries such as finance, healthcare, and technology tend to offer higher salaries for Data Analysts due to the complexity and sensitivity of the data involved. However, salary levels can vary, and there is demand for data analysts across diverse sectors.

Does the location impact Data Analytics salaries?

Yes, location significantly influences Data Analytics salaries. Cities or regions with a high cost of living and strong demand for data professionals generally offer higher salaries.

What additional skills can contribute to a higher Data Analytics salary?

Skills such as proficiency in programming languages (e.g., Python, R) and experience with advanced analytics tools, machine learning, and data visualization can contribute to a higher salary. Additionally, domain-specific knowledge relevant to the industry one is working in can be advantageous.

Are certifications essential for salary growth in Data Analytics?

Certifications can enhance a Data Analyst's credentials and, in turn, impact salary growth. Certifications from reputable organizations, such as Microsoft, SAS, or Google, validate skills and can make individuals more competitive in the job market, potentially leading to higher salaries.