The Analytics and Big Data Salary Report 2016 for the Indian Market is here!!
With companies now realizing that Analytics & Big Data are the key drivers for their organizations growth, the demand for data scientists has risen phenomenally. From understanding consumer behaviour, to predicting market trends, even right down to product features, many business decisions today are driven by Data Analytics. The Analytics and Big Data sector has seen a consistent growth in the last five years and is expected to further grow at a CAGR of 33.2% and 26.4% respectively, almost six to eight times that of the overall IT sector.
To give you more insights and updates on this booming sector we at Jigsaw Academy, in association with Analytics Vidhya have published the Analytics and Big Data Salary report 2016, for the Indian market. The report’s findings were based on information collected from 60,000+ analytics professionals with advanced Analytics / Data Science skills. It is a comprehensive analysis of the industry, including hiring trends and includes some interesting numbers and statistics about jobs in this sector. According to the report, analysts experience the biggest jump in salaries once they have clocked 5 years in the industry, and can expect a raise of up to 70% with an average pay of Rs.12.3 lakhs p.a.
Key Highlights of the report:
Methodology used for study
The data points include people who came into contact with Analytics Vidhya through their website, job platform, hiring competitions and other sources. This number also includes, but is not limited to, people applying for jobs on the Analytics Vidhya website, confidential searches, hackathons, and tie-ups with skill-enhancement partners.
People with only advanced analytics / data science skills were considered for the study. For example, people who were only experienced in MIS have been excluded from the study. Once filtered, the skill sets of the survey participants were appropriately categorized in order to gain insights into the data.
The findings are open to biases arising from the nature of the jobs/ competitions hosted on Analytics Vidhya’s website. However we believe that even with this bias, this first-of-its-kind study of the Indian Analytics industry and the thousands of analytics professionals it employs, reveals many fascinating ground realities.
To gain all the insights, you can view the full report here.
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