What Is the Data Analyst Salary in India? Current Trend in 2023

What Is the Data Analyst Salary in India: In the world of business, data is everything. It is used to make important decisions, track progress, and forecast future trends. But what good is data if it cannot be analysed and interpreted in a meaningful way? This is where data analysts come in.

They are responsible for analysing data, identifying patterns and trends, and presenting their findings in a way that is easily understandable. In this article, we will explore the salary range of data analysts in India, as well as the qualifications required to become one.

Why should one opt for data analyst jobs?

Data analysts play a critical role in the success of any business. They help companies make better decisions by providing insights into customer behaviour, product performance, and market trends. Here are a few reasons why one should opt for data analyst jobs:

Rising demand for the job

With the increasing amount of data being generated by companies, the demand for data analysts has been on the rise. According to a report by McKinsey, the demand for data analysts in India is expected to grow at a rate of 45% annually.

Diverse roles in an evolving work environment

Data analysts have a wide range of roles to choose from, including business analyst, data scientist, data engineer, and many more. With the evolving work environment, there are new opportunities and roles being created that require data analytics skills.

Improvement in product standards

Data analysis helps in identifying the areas where product improvements can be made. By analysing customer feedback and usage patterns, data analysts help in improving product standards and overall customer satisfaction.

What are the qualifications required to become a data analyst?

To become a data analyst, one needs to have a bachelor’s degree in a related field, such as statistics, mathematics, economics, or computer science. A master’s degree in data analytics, business analytics, or data science can also be helpful. Additionally, one needs to have strong analytical skills, knowledge of programming languages such as SQL, Python, and R, and a good understanding of statistics.

Data analyst salary in India

The salary of a data analyst in India varies based on several factors such as location, experience, and the company they work for. On average, the salary of a data analyst in India is ₹6,00,000 per year. However, this can go up to ₹15,00,000 per year for those with more experience and specialized skills.

Data analyst salary based on location

The location also plays a crucial role in determining the salary of a data analyst. The major cities in India offer a higher salary as compared to the smaller towns. For instance, the average salary of a data analyst in Bangalore is ₹7,00,000 per year, while in Mumbai, it is ₹6,50,000 per year. Similarly, the average salary of a data analyst in Delhi is ₹6,00,000 per year.

Data analyst salary based on work experience

As with any profession, the salary of a data analyst increases with experience. A data analyst with 1-4 years of experience can expect to earn an average salary of ₹4,50,000 per year, while those with 5-9 years of experience can earn an average salary of ₹9,00,000 per year. Senior data analysts with 10-19 years of experience can earn an average salary of ₹17,00,000 per year.

Companies paying the highest data analyst salary

There are several companies in India that offer a high salary to data analysts. Some of these companies include Amazon, Flipkart, Google, and Accenture. The salary offered by these companies can go up to ₹30,00,000 per year for highly skilled and experienced data analysts.

Data analysis is a highly in-demand skill in the current job market, and the salary range for data analysts in India is quite competitive. With the increasing demand for data analysts, the career prospects in this field are quite promising. A data analyst with strong analytical skills, programming knowledge, and a good understanding of statistics can expect to have a fulfilling career with ample opportunities for growth and development.

Moreover, data analysis is not just limited to the technology industry but is also being used in various sectors such as healthcare, finance, and retail. This means that there are various options for data analysts to choose from based on their interests and preferences.

In conclusion, the data analyst profession is a rewarding career option with a good salary range in India. With the right qualifications and skills, one can pursue this career path and expect to have a promising future. As data continues to grow in importance, the demand for data analysts is only going to increase, making it an excellent time to consider a career in this field.

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