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Is it Easy To Get A High-Paying Data Scientist Jobs: Truth Revealed
Meet the Author : Mr. Bharani Kumar
Bharani Kumar Depuru is a well known IT personality from Hyderabad. He is the Founder and Director of Innodatatics Pvt Ltd and 360DigiTMG. Bharani Kumar is an IIT and ISB alumni with more than 17 years of experience, he held prominent positions in the IT elites like HSBC, ITC Infotech, Infosys, and Deloitte. He is a prevalent IT consultant specializing in Industrial Revolution 4.0 implementation, Data Analytics practice setup, Artificial Intelligence, Big Data Analytics, Industrial IoT, Business Intelligence and Business Management. Bharani Kumar is also the chief trainer at 360DigiTMG with more than Ten years of experience and has been making the IT transition journey easy for his students. 360DigiTMG is at the forefront of delivering quality education, thereby bridging the gap between academia and industry.
Table of Content
- Must have Skills for a Data Scientist.
- Data Scientists are Required in Every Field.
- Factors Influencing on a Data Scientist Salary.
- Workplace Location Influence Data Scientist Salary.
- Data Scientist Experience Must Count.
- Skillset Affect a Data Scientist Salary.
- Company’s Profile Involve in Salary Range.
Primer:
Professionals with experience in a variety of abilities, including data collection, handling, storage, analysis, and structure, are needed in the field of data science. Insights derived from the data are used to inform decisions. Our daily activities, such as our social media feeds, online transactions, the music we listen to, the television we watch, and online movie suggestions, all heavily rely on data science.
The job opportunities in data scientists have been in demand for several years. In the IT Industry, data scientist jobs are among the highest-paid resources. The average data scientist salary is dollar 113,436. As data is growing day by day, demand for its jobs is also rising.
Must have Skills for a Data Scientist
We should be aware of the required abilities that are crucial to building a data scientist's foundation in any sector of data science.
- Understanding of data
- Understanding of algorithms and logic
- Understanding of programming
- Understanding of Statistics
- Understanding of business domain
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Data Scientists are Required in Every Field
Data science workers are in high demand across all career sectors, not only in the IT sector.
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Data Scientist
Working as a data scientist is both gratifying and intriguing. They work with unstructured data and use machine learning to analyse it, utilising different techniques including clustering, classification, and regression. They gather insights to create the data necessary for making choices and resolving business issues.
Everyday tasks for a Data Scientist
- To make useful insights, they gathered organized and unorganized data
- For the growth of organizations, they identify useful solutions with analytical skills, deep learning and machine learning
- To solve complex problems, they follow an approach that is data-driven
- By cleaning and evaluating data, they enhance the efficiency and accuracy of data
- For understandable communication with organizations' stakeholders, they use data visualization
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Data Scientist Salary Range
A data scientist earns Rs. 698,412 year in pay. An entry-level professional can expect to make Rs. 500,000 annually. The starting pay for a data scientist is Rs. 610,811 with 1-4 years of experience. With five to nine years of experience, the median wage might increase to Rs. 1,004,082.
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Data Engineers
The person who develops the software infrastructure for a data scientist is a data engineer. They ought to be well-versed in a variety of technologies, including SQL, MapReduce, Hadoop, and big data. Data wrangling is the majority of what data engineers perform, which will be helpful to software programmers.
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Everyday Tasks For a Data Engineer
- Cleaning and consolidating the data, collected from different sources
- Develop software for data transformation, data extraction, and data loading using AWS, SQL, and big data
- By using statistical techniques, machine learning algorithms, they construct data pipelines
- To enhance data efficiency and quality, they develop creative ways
- Maintaining data architecture, testing data, and developing software
- Skills required for data engineers
- Strong skills manage unorganized datasets in analytics
- Programming skills in languages like Python, Java, C++, Ruby, etc.
- Experience in relational databases and knowledge of database software like SQL
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Data Engineer's Salary Range
In India, a data engineer makes Rs. 8,56,643 LPA. But it also relies on factors including firm size, geography, educational background, professional experience, and job title. Data engineers in large corporations like Amazon, Netflix, IBM, Spotify, etc. earn substantial salaries. Your market value increases with the amount of prior job experience you have.
The average pay for entry-level data engineers with 1-4 years of experience is Rs. 7, 37,257 LPA.
A mid-level employee with 5 to 9 years of experience may expect to make an average of Rs. 1, 218,983 LPA.
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Data Analyst
The data must be analysed by the data analyst. Data analysts gather, evaluate, and use statistical data to provide insightful conclusions. Languages for programming, such as SAS, R, and Python, are needed for this procedure. Companies require data analysts in numerous industries, including IT, healthcare, automotive, finance, insurance, etc., in order to operate profitably and successfully.
Everyday Tasks for a Data Analysts
- Through data mining and data analysis, they gather valuable patterns and identify correlations.
- They work with customer-oriented algorithms to modify them according to customer demand.
- Solve business problems by data mapping from different sources and tracing them.
- Under customer's, preferences create customized models for customer tastes and customer-centric market strategies.
- By developing statistical analysis, analyze and process consumer data research.
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Data Analyst Salary Range
A data analyst with 1-4 years of experience can expect to make an average income of Rs. 3,96,128.
A middle-level positions data analyst with 5 to 9 years’ experience can expect to make an average income of Rs. 6, 03,120, depending on where they work and with whom. An average compensation for data analysts with 10 to 19 years of experience is Rs. 90,000.
Factors Influencing on a Data Scientist Salary
- Company (small/big)
- Your experience
- Your skill set
- Workplace location
Workplace Location Influence Data Scientist Salary
The pay for data scientists varies by region. Greater salary is available in Mumbai than in Bangalore or New Delhi. Bangalore is thought of as India's IT sector powerhouse and offers greater prospects for entrepreneurs.
Data Scientist Experience Must Count
Data scientists have different salary packages according to their job level and number of years of experience.
Skillset Affect a Data Scientist Salary
You need to have a variety of abilities mastered in order to get high pay rates. Your master's degree and Bangalore data science courses alone won't be enough. You should be proficient in a variety of programming languages, as well as other software and analytical abilities.
Company’s Profile Involve in Salary Range
Reputable companies in the market offer high pay scale to their data scientists. They also have a reputation for an annual increase in salaries by 15%.
Conclusion
The demand for opportunities in the field of data science is now high. Businesses are seeing a rise in the volume of data, which is driving up demand for data professionals. It also included an increase in their pay. Your ability to advance in your career and earn more money, however, mostly depends on your abilities, experience, and how quickly you develop into a valuable asset to the organisation.
You earned a 15% wage increase every year. As you get more job experience and develop more talents, your salary will grow. Since you had some prior experience or were a newcomer, this will always be a motivating aspect for you.
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Data Science Placement Success Story
Data Science Training Institutes in Other Locations
Data Analyst Courses in Other Locations
Navigate to Address
360DigiTMG - Data Science, Data Scientist Course Training in Bangalore
No 23, 2nd Floor, 9th Main Rd, 22nd Cross Rd, 7th Sector, HSR Layout, Bengaluru, Karnataka 560102
1800-212-654-321
