Data Scientist Salaries — Your Ultimate Guide
Who is a Data Scientist?
Data scientists are professionals who translate huge volumes of available information from massive information sources and turn them into viable answers, solving business problems. Data scientists have paved the way to almost all types of businesses that deal with data and help them solve the problems related to humongous volumes of categorized or uncategorized data. For example — predict users’ tastes and show them the best option or discover the chances if a person may be at risk of suffering from a disease.
Data scientists have great mathematical and statistical knowledge and, in addition, they have an impeccable command over statistical software and programming, as well as the concepts of artificial intelligence, big data, machine learning, data mining, deep learning, data warehouses, among others.
Data Scientist Salaries: What to Expect
Data scientists work on different data-driven projects where they are involved in the end-to-end lifecycle. From data acquisition to communicating insights to the management and stakeholders, the demands for skilled data scientists are shooting, and they have been able to pull down significant salaries.
Data scientist salaries depend on various factors, including experience, job location, skill sets, industries, and companies employed, to name a few.
Data Scientist Salary in India — By Experience
Entry-Level Data Scientist Salary
Entry-level is the starting point for any career, and data science is no different. Entry-level data scientists are usually the ones who have just graduated or are changing their careers and are totally new to this field. The salary of a data scientist at the entry level affects the median salary of the profession, so discussing it is also important. So coming to the point, the average entry-level salary of data scientists in India as per Ambitionbox is Rs. 4.0–6.8 LPA.
Junior Data Scientist Salary
Data scientists with 1–4 years of experience can be considered junior data scientists. This group covers the widest population of data scientists, and their salaries can be regarded as the standard when the subject of a data scientist’s salary comes up. This group of data scientists usually have worked on novice and important data science projects and are on their way to becoming senior data scientists.
Senior Data Scientist Salary
Senior data scientists have a broad range of skill sets and experience working with crucial data-driven projects. On average, they draw a salary of Rs. 21 LPA in India.
Lead Data Scientist Salary
Principal data scientists or lead data scientists usually form the top layer of the data scientist hierarchy. They lead the organization’s data science projects and are responsible for drawing business insights from the data/information pulled by their teams. The median data scientist salary in India is Rs. 24.3 LPA.
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