A data analyst collects data from several sources and performs analysis to help organizations make informed decisions and achieve their goals. Apart from this, a data analyst uses a lot of techniques, like statistics, programming, data visualization, and data mining. The Idea is to extract insights and patterns from data and communicate them to stakeholders. The thing is that a data analyst ensures the quality and accuracy of data and reports. In this article, we will find out what the salary of a data analyst is. Read on to find out more.
According to various sources, the average annual salary for a data analyst in India is around ₹4.3 lakhs, with salaries ranging from ₹1.7 lakhs to ₹12 lakhs. The salary may vary based on many factors, like experience, skills, education, industry, and location, just name a few.
Learn the core concepts of Data Analytics Course video on Youtube:
Factors affecting data analyst salaries
Let’s start by explaining some of the factors that can influence how much a data analyst earns in India.
Experience
Experience is one of the most important factors that affect data analyst salaries. As a general rule, the more experience a data analyst has, the higher their salary will be. According to PayScale, an entry-level data analyst with less than one year of experience can expect to earn an average total compensation of ₹3.9 lakhs. On the other hand, a senior data analyst with 10-19 years of experience can earn an average total compensation of ₹11.9 lakhs.
Skills
Another factor that effect a data analyst salary is their skills. Data analysts need to have a combo of technical skills and soft skills to perform their job effectively. Some of the technical skills that can help a data analyst command a higher pay are SQL, Python, R, data visualization, and machine learning, to name a few.
Apart from this, some of the soft skills that can boost a data analyst’s salary are communication, problem-solving, and domain knowledge, just to name a few.
Education
Education is another factor that can affect data analyst salaries. Often, data analysts need to have a bachelor’s degree or a master’s degree in analytics, computer science, mathematics, statistics, or a related field. Having a higher level of education or a relevant certification can increase a data analyst’s salary and career prospects.
Industry
Industry is another factor that can affect data analyst salaries. Data analysts can work in various domains and industries based on their interests and expertise. Some of the industries that pay higher salaries for data analysts are IT services, e-commerce, banking and finance, consulting, and so on.
Location
Location is another factor that can affect data analyst salaries. Data analysts can work in different cities or regions based on the availability and demand for their skills. Some of the cities that pay higher salaries for data analysts are Bangalore, Mumbai, Hyderabad, Pune, and Chennai, among others.
Comparison of data analyst salaries in different Indian cities
According to AmbitionBox, here are some of the average annual salaries for data analysts in different Indian cities based on 64.9k latest salaries received from data analysts:
- Bangalore: ₹5 lakhs
- Mumbai: ₹4.8 lakhs
- Hyderabad: ₹4.6 lakhs
- Pune: ₹4.5 lakhs
Data analyst salaries in India with other countries
According to Glassdoor, here are some of the average annual salaries for data analysts in different countries:
- United States: $67k (₹49 lakhs)
- United Kingdom: £30k (₹30 lakhs)
- Canada: CA$58k (₹35 lakhs)
- Australia: A$71k (₹40 lakhs)
Tips to help you negotiate a data analyst salary
Now, let’s talk about a few tips that may help you negotiate your pay as a data analyst in India.
Research the industry and company
Before you start a salary negotiation, we suggest that you do some research on the industry and company you are applying to. You may want to find out the average salary range for data analysts in your field, location, and level of experience.
Besides, you may want to research the company’s financial situation, culture, and values. This will help you determine a realistic and fair salary expectation that matches your skills and value. Therefore, you can use reliable sources such as Glassdoor, PayScale, Indeed, or LinkedIn to find salary information and reviews.
Emphasize your skills and experience
When negotiating your salary, you may want to highlight your skills and experience that make you a valuable data analyst. For instance, you can demonstrate how you can use data to solve problems, generate insights, and improve outcomes for the company.
Earn yourself a promising career in data science by enrolling in the data analytics training in Pune offered by 360DigiTMG.
Apart from this, you may want to mention any relevant certifications, education, projects, or achievements that showcase your data analysis abilities. We suggest that you use specific examples and numbers to quantify your impact and value.
Demonstrate your value to the company
When negotiating your salary, you may want to show your interest and enthusiasm for working at the company. For instance, you can explain how your goals and values align with the company’s mission and vision.
In the same way, you can show how you can contribute to the company’s growth and success in the short and long term. The idea is to make the hiring professional realize that you can fit into the company’s culture and team. Therefore, you may want to express your willingness to learn new skills and take on new challenges.
Data Analytics Placement Success Story
Be flexible and open to negotiation
When you negotiate your salary, you may want to be prepared to compromise and negotiate with the employer. In other words, we suggest that you have a salary range in mind rather than a fixed number.
Apart from this, you may want to consider other aspects of the compensation package, such as bonuses, benefits, and stock options, to name a few. You should be respectful and polite throughout the negotiation process and avoid making ultimatums or demands. Besides, you may want to be ready to walk away if the offer is too low or unacceptable.
Long story short, we hope this explanation will help you understand data analyst salary in India better.
Navigate to Address:
360DigiTMG – Data Analytics, Data Science Course Training in Pune
No. 408, 4th Floor Saarrthi Success Square, near Maharshi Karve Statue, opp. Hotel Sheetal, Kothrud, Pune, Maharashtra 411038
089995 92875
Get Directions: Data Science Training
