Data Analytics Salary In India (2024)

Be it for more informed decision-making or to make evidence-based strategies; data analytics has emerged as a significant process in leading organizations to success. The person who is apt and trained to do this complex task is what we refer to as Data Analytics.

Specialized in uncovering valuable patterns and skilled with acute analytical abilities, such a professional is high in demand across various industries. A career in data analytics not only promises lucrative financial rewards but also provides the chance to work on cutting-edge technologies and influence key business outcomes.

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Let us dig deeper to understand Data Analytics salary in India 2024 and examine why to become a Data Analyst.

Why Become a Data Analyst?

If you are someone who enjoys working with numbers and solving puzzles, then choose to become a Data Analyst. By becoming a Data Analyst you will get several opportunities to analyze different sets of information and trends to help businesses make better decisions. You will find yourself surrounded by tools to create charts and reports to make complex data look easier to understand. Above all, this job is exciting because it offers both intellectual challenge and professional growth for people who are passionate about transforming data into meaningful insights.

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What is the Data Analytics Salary in India Based on Designation?

In India, salaries in data analytics vary widely depending on the designation and level of experience. Entry-level roles like Data Analysts typically offer competitive starting salaries, while specialized positions such as Data Scientists and Data Architects command higher compensation due to their advanced skill sets and responsibilities. Overall, the field offers attractive financial rewards and significant growth opportunities across different roles.

Listed below are the Data Analytics salary based on different designations:

1. Data Analyst: Companies these days are keen on hiring Data Analysts to collect, process, and analyze data to support their business decisions.  Data Analysts are in great demand for tasks such as data cleaning, reporting, and visualization.

Approximate Salary: Rs 5 lakh - Rs 10 lakh per annum

2. Data Scientist: Another lucrative job profile that comes under the field of Data Analytics is that of a Data Scientist. These experts can easily develop complex algorithms and models for large datasets. This is not all, Data Scientists are capable of using advanced techniques in machine learning and statistical analysis that help solve business problems.

Approximate Salary: Rs. 3.8 lakh - 15.9 lakh per annum

3. Risk Analyst: The person found apt for evaluating the financial and operational risks within an organization is known as a Risk Analyst. These professionals are hired to predict the potential risks and develop strategies to mitigate those risks.

Approximate Salary: Rs 5 lakh - Rs 10 lakh per annum

4. Marketing Analytics Analyst: Such a professional is hired to analyze the marketing trends with the main purpose of enhancing the overall campaign effectiveness. Marketing Analytics Analysts are experts when it comes to analyze the metrics regarding customer behavior, and campaign performance to improve the overall ROI for the organization.

Approximate Salary: Rs 5 lakh - Rs 7 lakh per annum

5. Business Intelligence Analyst: Companies hire Business Intelligence Analysts to generate actionable insights for proper business strategies. Such a professional creates reports for organizations to help them understand their performance and areas of improvement.

Approximate Salary: Rs 6 lakh - Rs 11 lakh per annum

6. Financial Analyst: The prime role performed by a Financial Analyst is to assess the financial data of a company and provide investment recommendations. Such a professional is held responsible for analyzing past and present market trends and economic conditions for better business planning.

Approximate Salary: Rs 2 lakh – Rs 12.3 lakh per annum

7. Data Architect: There is a lot of demand for Data Architects these days, who manage the structure of data systems and databases for firms. It is their key responsibility to store data safely and securely.

Approximate Salary: Rs 14.4 lakh - Rs 50 lakh per annum

Who are the Top Recruiters for Data Analytics in India?

You will be glad to know that India is home to talented Data Analytics, who are always in great demand in leading companies. Listed below are the top recruiters who hire Data Analytics in India:

• Tata Consultancy Services (TCS)
• HCL Technologies
• Wipro
• Infosys
• SAP Labs India
• IBM India
• Accenture
• Capgemini
• Microsoft India
• Amazon India
• Cognizant
• Intel India
• Cisco Systems Inc

Conclusion

To sum up, Data Analysts in India enjoy a diverse range of salaries influenced by their location, industry, and skill set. Major cities and high-demand industries offer higher pay, while advanced skills in tools and techniques further enhance earning potential. Enrolling in an online course from Amity Online University can significantly boost your career prospects.

Their programs provide in-depth training and up-to-date knowledge in data analytics, equipping you with the skills needed to excel and command higher salaries in this dynamic field. Investing in such education can be a key step toward achieving greater financial and professional success.