How Much Do Data Analysts Make In India

How Much Do Data Analysts Make In India. Data analysis is one of the famous and high-demand jobs in the world. If you are looking into a career as a data analyst, take a look at the data analyst salary in India.

A data analyst with 1 – 4 years of experience has a gross income of Rs 3,96,128. A mid-career data analyst with more than five years of experience earns up to Rs 6,03,120, depending on the workplace’s position and location. A matured and experienced professional who has been in the sector for more than ten years earn an average of Rs 9,00,000. 78% of the employers in India are under the salary bracket of 0 – 6 Lakhs during freshers. As there is an increase in the number of freshers data analysts in India, it indicates the maturing of the industry. Data Analyst salary in India is affected by multiple elements like location, skills, experience and company.

Who is a Data Analyst

Data analysts are professionals who turn numbers, statistics, and figures into plain English that can be easily understood by everyone. Given the current economic environment, there is always an increasing need for Data Analysts, and it can be an attractive profession for those with solid backgrounds in mathematics, statistics, computer science, or business. Data mining and fluency in languages like SQL, Python, etc. are among the skills required for this position to extract the relevant insights from the data set and convey them through visualizations and reports.

Skills Required for the Profile of a Data Analyst

1. Solid Domain Understanding

The ability to use Data analytics to solve problems is key. It requires them to understand the variables in a business, the levers they have the potential to exploit to effect a significant positive change and the external and internal factors that affect its growth and to make the required decisions in line with these factors. Business understanding is a must and one of the most important skills if you wish to become a data analyst and directly affect the data analyst salary in India.

2. Mathematics and Statistics

It is a defining factor in how to solve any particular decision. To make objective decisions, you must rely on Mathematics and Statistics. Probability computations, classification, and clustering algorithms are required to arrive at the best solution. Mathematical and statistical knowledge will be the tool of choice.

3. Soft Skills

Last but not least, in data analytics, you should be able to communicate your solution to stakeholders in the most simple and clear way possible; they may not be knowledgeable about KS Statistics, root mean square error or your clustering algorithm, but this is where your soft skills come in. Impactful communication, the use of great visualization and visualization tools such as Tableau, QlikView, ggplot, etc, are all viewed as vital.

Elements Affecting the Salary of a Data Analyst in India

1. Based on Experience

Experience plays a significant role in finalizing the wage of a Data Analyst. An experienced person has deep knowledge, practical solutions, graceful working and leadership skills to train others in this field. Therefore, an experienced analyst has more payment than the salary of the fresher in the industry.

The Average Wage for Data Analysts Based on Experience is as Follows

Entry Level (less than one yr. of expertise) – ₹342,363/yr.
Early Career – ₹422,408/yr.
Mid-Career – ₹690,734/yr.
Experienced – ₹942,653 to ₹1,750,000/yr.

2. Based on Location

The salary of a data analyst can be different in Mumbai from Bangalore. Location is one of the factors affecting the data analyst job income. Every city or state has its cost of living and job demand, and accordingly, the pay is decided.

The mean data analyst salary in Bangalore is ₹516,455
The mean wage of a data analyst in New Delhi is ₹407,672
The mean salary for a data analyst in Mumbai is ₹406,409
The mean data analyst salary in Chennai is ₹410,431

3. Based on Skills

To secure a high-paying job with fewer years of experience, a data analyst should master different skills needed for data analysis. They have to upskill themselves beyond just a degree in data analysis.

Skill sets that Affect the Salary of a Data Analyst are

SKILLS	AVERAGE PAY/yr. (in ₹)
Data Quality Skills	₹364K – ₹2M
Database Management & Reporting Skills	₹219K – ₹1M
SQL	₹251K – ₹1M
Statistical Analysis Skills	₹211K – ₹1M
Microsoft Excel	₹198K – ₹799K
Python	₹289K – ₹1M
Web Analytical Skills	₹0 – ₹750K

4. Based on Company

Different companies and employers have distinct requirements in mind while hiring an employee. The salary of a data analyst is also affected by the company based on its position, the role and the skills required.

The mean Salary for a Data Analyst Based on the Employer is

COMPANY	AVERAGE BASE PAY/yr. (in ₹)
Accenture	₹289K – ₹1M
Tata Consultancy Services	₹254K – ₹784K
Flipkart	₹302K – ₹1M
Cognizant	₹307K – ₹2M
Capgemini India Pvt Ltd	₹235K – ₹632K
Tech Mahindra	₹175K – ₹500K
Genpact	₹182K – ₹560K
Latent View Analytics	₹446K – ₹680K
Novartis	₹562K – ₹1M
Infosys	₹294K – ₹766K

Conclusion

The potential of Data Analytics is currently at its prime in India due to the vast amount of data produced by businesses and the widespread availability of data and tools to analyze it — and the urge to derive insights from it. It includes the rise in Data Analyst salaries and Data Scientist salaries in India, which are likely to increase each year by approximately 15%. You’ll need these skills whether you’re new to data analysis or already seasoned in the field.

Frequently Asked Questions (FAQs)

Is it Worth Learning Data Analytics?

If you are a tech-savvy individual, you know how important the word “data” is. Without data, the world is nothing, and hence, we need someone who can play with it and make something useful from it. A data analyst, on average, can make up to $72,250 per year — which is pretty impressive.

Do Data Analysts get Paid Well in India?

Less than one year of experience makes a data scientist average about $500,000 per annum, while one to four years of experience pays around $610,811. In India, a mid-level data scientist with 5 to 9 years of experience earns around Rs.1,004,082 per annum.

What is the Starting Salary for a Data Analyst in India?

The starting salary of a Data Analyst in India is around ₹2,13,500 gross per year. Fresher Data Analysts usually have a lower salary.

What is the Highest Salary for a Data Analyst in India?

The highest salary of a Data Analyst in India can reach and exceed ₹11,00,000 gross per year. Senior Data Analysts usually have the highest salaries.

Do you Need a Degree to be a Data Analyst?

Even without a formal degree in data analytics, you can pursue a career in data analytics by enrolling in comprehensive boot camps with a six-month job guarantee, such as the Springboard Data Analytics Bootcamp. Find tips on navigating the data analytics industry, learn how to negotiate salaries, and more.