Data Scientist Salary - How Much Does A Data Scientist Earn

Data Scientist Salary - How Much Does A Data Scientist Earn Data Scientist Salary How Much Does A Data Scientist Earn? 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Last updated on Mar 02,2020 11.7K Views Aayushi Johari A tech nophile who likes writing about different technologies and spreading knowledge. A technophile who likes writing about different technologies and spreading knowledge. Bookmark 5 / 7 Blog from Career Opportunities Become a Certified Professional By 2020, the amount of data generated by every human being every second will be 1.7 megabytes. With this, you can imagine the growth of data, and that is where a Data Scientist comes to the rescue by analyzing and organizing this data to provide business solutions. In this article, we will discussthe global Data Scientist salary and know why Data Scientist is the sexiest job title of the 21st century. In fact, a data scientist can expect an average salary of Rs693,637 (IND) or$91,470 (US)per year.Before we delve into the details on data scientist salary trends, let us first have a brief outlook on various industry job trends.Data Scientist Job TrendsAccording to the Harvard Business Review, a Data Scientist is a high-ranking professional wi th the training and curiosity to make discoveries in the world of Big Data. As data science is a vast domain, data scientists need to have a versatile skill set in their profile.The below table illustrates the number of jobs in different locations in theUS according to Indeed.com.STATENO. OF JOBSNew York, NY1813Seattle, WA1544San Francisco, CA1487Cambridge, MA936Boston, MA733Data Science career opportunities will only shoot through the roof! As the world is turning towards data for all sorts of decision making, both start-ups and well-established companies like Cisco, Dell, VMware etc. are offering lucrativesalaries to Data Scientist.Data Scientist Salary TrendsAccording to Payscale.com, below are graphs depicting the average Data Scientist salary forIndiaandUS.Data Scientist Salary (IN)Data Scientist Salary (US)According to Forbes, the number of Data Science and Analytics job listings is projected to grow by nearly 364,000 listings by 2020. Also, the productivity benefits that busi nesses analyzing data is estimated to be around $430 billion by 2020 over their rivals, who are not analyzing.This is quite evident as you might observefrom the above illustration.Data Scientists are responsible for many tasks in a business including analytics, building data products usingprogramming languages like Java, along with developing visualizations and machine learning algorithms in Python or R. Because of this, the average salary package of a data scientist is Rs 693,637(IND)or$91,470 (US)per year.Additionally, based on your experience and skill-set, companies can offer you up to $130,000 per annum.Note: This may vary based on the company, geography, and experience.In fact, companies do not weigh your professional background based on your years of experience if you are skilled in Data Science domain. You can observe that over 15% of data scientists that are being hired in India are fresh graduates. The number is even higher in the US.Refer the below plots to gain more insi ghts:Source: PayScaleLet me give youa fewnumbers based on the above factors as well:Data Scientist Salary Based On Company:I am listing down the salary offered to a Data Scientist by major companies who are actively hiring Data Scientists.CompanySalaryMicrosoftRs 1,500,000/yrIBMRs 1,350,000/yrAccentureRs 1,055,500/yrFacebook$135,000/yrAirbnb$130,000/yrCapital One$106,000/yrSource: GlassdoorData Scientist Salary Based on ExperienceEntry level Data Scientist Salary (IND):CompensationSalary Range Per AnnumSalaryRs297,414 Rs1,195,066BonusRs2,004 Rs161,146Profit SharingRs0.00 Rs322,976Total PayRs306,054 Rs1,215,966Entry level Data Scientist Salary (US):CompensationSalary Range Per AnnumSalary$61,598 $122,827Bonus$1,010 $15,019Profit Sharing$503 $16,638Total Pay$60,894 $127,894Mid-level Data Scientist Salary (IND):CompensationSalary Range Per AnnumSalaryRs590,734 Rs2,070,477BonusRs1,030 Rs792,758Profit SharingRs95,000Total PayRs595,982 Rs2,506,994Mid-level Data Scientist Salary (US):CompensationSalary Range Per AnnumSalary$74,623 $140,210Bonus$1,973 $19,998Profit Sharing$2,007 $20,608Total Pay$77,215 $158,409Experienced Data Scientist Salary (IND):CompensationSalary Range Per AnnumSalaryRs972,106 Rs2,927,745BonusRs35,000 Rs400,000Profit SharingRs25,000Total PayRs972,106 Rs2,928,194Experienced Data Scientist Salary (US):CompensationSalary Range Per AnnumSalary$78,424 $157,653Bonus$2,449 $22,400Profit Sharing$11,000Total Pay$79,321 $167,947Source: PayScaleWell, I believe it is a known fact that for the same work people in different countries get different pay. Lets see how much the salary of a Data Scientist varies based on the geography.Data Scientist skills will fetch big career opportunities in Data Science. Here are theskills to become a Data Scientist.Data Scientist Salary Based on Geography:I am listing down the Data Scientist salary for the following major cities:CitySalaryGurgaonRs 1,200,000/yrPuneRs 736,976/yrMumbaiRs 734,696/yrMountain V iew$124,882/yrSan Francisco$117,256/yrSeattle$116,898/yrSource: PayscaleIf you are someone looking to get into an interesting career, now would be the right time to up-skill and take advantage of the Data Science career opportunities that come your way.Edureka has a specially curated Data Science Masters coursewhich willmake you proficient in tools and systems used by Data Science Professionals. It includes training on Statistics, Data Science, Python, Apache Spark Scala, Tensorflow and Tableau. The curriculum has been determined by extensive research on 5000+ job descriptions across the globe.Got a question for us? 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