Team Apr 29, 2024 No Comments
“What’s the data scientist’s salary in India?” Aspiring data scientists often ask this question.
You see, the data science field is constantly in demand. It combines coding, math, and business skills to uncover valuable insights from massive datasets and help businesses make smart decisions.
But if you are considering a career in this field, you might be curious how much it can pay you. After all, we all need strong reasons to jump into a career path.
In this blog post, you will know the salaries of data scientists in India and in major Indian cities. This will surely inspire you to learn and upskill to become an expert data scientist and get impressive paychecks.
And, if you actually want to learn data science, you can enroll in Ivy Pro School’s Data Science and AI Certification course in partnership with E&ICT Academy, IIT Guwahati. This solid online course will make you job-ready in just 45 weeks.
The salary of data scientists in India is affected by several factors. But before we get into the details, here’s a general figure:
Average Salary: The average salary of data scientists in India is ₹13.5 lakhs per year (Glassdoor). This salary varies within the range of ₹8 lakhs to ₹19 lakhs per year.
Starting Salary: The starting salary of data scientists in India with less than one year of experience is ₹6 lakhs per year, including tips, bonuses, and overtime pay (Payscale).
Early Career Salary: The average salary of data scientists with 1-4 years of experience is ₹9 lakhs per year. Whereas the average salary of data scientists with 5-9 years of experience is ₹15 lakhs per year (Payscale).
Senior Career Salary: A senior data scientist with 10-19 years of experience earns an average salary of ₹21 lakhs per year. Glassdoor says that a senior data scientist with over 8 years of experience can earn in a range of ₹25 lakhs to ₹52 lakhs per year.
Here are some of the key factors influencing how much data scientists earn in India (there may be exceptions):
Experience: It’s what happens in most jobs – the more experienced you are, the more you are likely to earn. Freshers start at the lower end, while highly experienced data scientists with specialized skills get really handsome paychecks, some even reaching an astounding ₹52 lakhs per year (Glassdoor).
Location: Tech hubs like Bangalore, Mumbai, and Delhi usually offer better salaries compared to smaller cities due to a higher demand for data scientists and a higher cost of living. We will see the average salary of data scientists in those Indian cities in the following sections.
Industry: Some industries, like finance and e-commerce, really value data-driven insights. They’re prepared to pay more for skilled data scientists. For instance, the average annual salary of data scientists in financial services in India is ₹15.3 Lakhs (AmbitionBox).
Company Size: Generally, big-name companies and multinational corporations offer more competitive salaries and benefits packages than smaller startups. For instance, a data scientist at IBM earns an average base salary of ₹14.5 lakhs per year (Glassdoor).
So, now you realize data scientists really make big money. But there is a reason why they are paid so much. Actually, if you want to enter this field, you will be more motivated by the impact you create than the money you make. This brings us to the next section:
Here are the primary reasons why data science is one of the top 10 highest-paying jobs in the world:
Businesses Need to Understand Data: By 2025, it’s estimated the world will create roughly 463 exabytes of data daily. Businesses collect these datasets, which can be about customer behavior, market trends, machines, etc., to find valuable insights. But that data means nothing unless they can understand it. Data scientists have the skills to transform raw data into actionable insights that help companies make better decisions.
Data Scientists have Unique Skill Set: Data science is a mix of technical and business skills. Data scientists need to know not only statistics and programming but also problem-solving and communication. They also need to understand business problems and how to translate data into solutions. That’s what makes them valuable.
High Demand, Low Supply: There’s a lot more data out there than data scientists can handle. Businesses across industries are eager to find data-driven insights, but finding qualified data scientists remains a challenge. Businesses have to utilize data to survive in the market, or their competitors will win. This necessity and shortage of good data scientists drive up salaries as companies compete for top talents.
So, the thing is, companies need good data scientists. Because they rely on data-driven insights to optimize pricing, target advertising, predict customer churn, streamline logistics, and perform countless other business processes. That’s why they are willing to pay so much to skilled professionals. Now, let’s move on to the next section…
Here are some of the Indian cities that pay data scientists the most with the average salary they offer. This will help you choose the right city for jobs and make your career a fulfilling journey.
Delhi has tons of jobs for data scientists, including various sub-domains like ML, AI, and data analytics. You will find big companies, new startups, and even government projects that need skilled professionals. The average salary of data scientists in Delhi is ₹15 lakhs per year. Apart from this, you will love the delicious street food and local markets like Chandni Chowk and Sarojini Nagar.
One of the most rapidly developing cities, Gurgaon, is a favorable environment for data scientists with a significant number of job opportunities. Many multinational companies and international startups have offices there, so you will find good jobs with good pay. It’s modern and close to everything Delhi has to offer. And the average salary of data scientists in Gurgaon is ₹17 lakhs per year.
Mumbai offers a vibrant landscape for data scientists. There are multinational companies, tech firms, and startups with new data scientist positions being added daily. It’s a busy, exciting city where you can meet ambitious people. The average salary of data scientists in Mumbai is ₹16.5 lakhs per year. And in this city of dreams, you will like to spend peaceful time near the beaches and have luxurious dinners in 5-star restaurants.
Bangalore is a hotspot for data science professionals, with over 39,000 data scientist jobs. These job openings are for various domains within data science, like junior data scientists, Python developers, machine learning engineers, and data science specialists. The average salary of data scientists in Bangalore is ₹17 lakhs per year. The city offers a professional environment, with most people working in corporations. And you are certainly going to love the pleasant weather here.
Hyderabad offers thousands of data scientist jobs, with new job openings being added regularly. There are big companies and smaller startups, so you have choices of where you want to work. The average salary of data scientists in Hyderabad is ₹12 lakhs per year. It’s a more relaxed city than some of the biggest ones, so you can expect a peaceful time here. And did we mention the delicious Hyderabadi biryani?
Now that you know the data scientist’s salary in India, you must be feeling excited to enter this field.
So, if you want to learn and become a skilled data scientist, you can join Ivy Pro School’s Data Science and AI Certification course in partnership with E&ICT Academy IIT Guwahati.
This course teaches you all the industry-relevant skills like ML, AI, Cloud, Gen AI, Data Analytics, Data Visualization, etc., with tools like Adv Excel, SQL, Python, Power BI, VBA, Tensorflow, etc.
In this 45 weeks of training, you will be coached by professors from IIT and experts from Amazon, Google, Microsoft, etc, making you ready for high-paying data science jobs.
Visit this page to learn more about Ivy’s Data Science and AI Certification course.
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