Data Scientist Salary 2021 : How Much Money do Data Scientists Make
In recent times, data has become an integral part of every organization worldwide. Organizations want to store them securely, but they also want to conclude it, which eventually contributes towards the organization’s growth. Therefore, there is a tremendous demand for data scientist professionals.
Since companies want to get the best, they aren’t hesitating to offer heavy remunerations to data scientists. As per a recent survey, India ranks in the 2nd position when it comes to hiring employees in the field of data science or data analytics.
So, if you are willing to have a challenging career and are open for continuous learning, then data scientist is the perfect field for you, and it has a bright future without any doubts.
Data scientists are experts in analyzing the data, and they have the required skills for solving complex problems. They constantly explore a wide array of issues that needs to be addressed. They are extremely proficient in both the fields, i.e., IT and business. So, yes, they are also a bit of mathematician, computer scientist and trend analyzer. Since data scientists enjoy a lot of demand in the USA, India, and many other countries, they are paid a heavy remuneration.
Today, in this article we will look at how much you can expect to earn as a data scientist in India, USA & other countries in 2021. But before we jump on to salary, we will understand the skills required to become a data scientist.
Below are the topics we’ll discuss in this article,
Skills Required to be a Data Scientist
They should possess knowledge on areas like algorithms, statistics, mathematics, and machine learning. Here is a list of the Things You Should Know Before Starting Your Career as a Data Scientist.
Programming knowledge – They must be well-versed in programming languages like Python, SQL, SAS, and Hive.
Structured Thinking – They should have the capability to understand business & should know which question they should ask and should be able to find answers with the available data.
Communication Skills – Good communication skills are required as they will have to speak to teams.
Data Scientist Salary
This blog will help you understand how experience, location, and skills impact a data scientist’s salary. Opportunities in the Data Science field are limitless, and job roles in Data Science promise high-paying salaries as well as plenty of opportunities.
However, salary growth is always dependent on knowledge, skills, and work experience, and the same rule is applicable for data science too- the more experience you have, the higher is your pay check.
Your skills and domain expertise play an important role in your salary growth. Individuals with skills, such as database schemas, pattern recognition, quantitative analysis, database administration as well as experience of Data Science tools can potentially earn higher salaries on average than those who have skills in less demand.
Big brands like Amazon, Airbnb, Spotify, Netflix, IBM, Accenture, Deloitte, and Capgemini, end up paying a high compensation to Data Engineers.
Data Scientist Salary by Location
- As per Payscale, the average salary of data scientist in India is ₹822,895 P.A.
- The one who falls under 0-1 years of experience bracket, earn an average salary is about ₹536,700 P.A.
- The one who brings in 1-4 years of experience will have an average salary of ₹786,214 per annum.
- A data scientist who brings in 5-9 yrs. of experience will get an average salary of ₹1,393,592 per annum.
- Senior level data scientist in India can earn a salary more than ₹1,747,802 P.A.
- As per Payscale, the average salary of a data scientist in USA is $96,501 P.A.
- The salary of an entry-level data scientist with 0-1 year experience in USA is $85,304.
- The Data Scientist with 1-4 years of experience will have an average salary of $95,192.
- A mid-career Data Scientist with 5-9 years of experience will get an average salary of $109,585.
- Finally, senior level experienced Data Scientist with 10-19 years of experience earn $122,158.
The Average Data Scientist Salary in UK:
- As per Payscale, the average salary of data scientist in UK is £40,435
- An entry-level Data Scientist with less than 1-year of experience will get an average salary of £34,461
- An early career Data Scientist with experience of 1-4 years will have an average salary of £40,485
- A mid-career Data Scientist with experience of 5-9 years earn £50,523
- A Senior-level experienced Data Scientist with 10-19 years of experience earn £50,782
The average data Scientist salary in Canada:
- As per Payscale, the average salary of a data scientist in Canada is C$79,184
- A Data Scientist with less than 1-year of experience can expect to earn an average salary of C$70,181
- Data Scientist with 1-4 years of experience earns will get an average salary of C$78,390
- Data Scientist with 5-9 years of experience earns an average total compensation of C$92,986
- An experienced Data Scientist with 10-19 years of experience earns an average salary of C$100,020
Data Scientist salary in Germany:
- As per Payscale, the average salary of a data scientist in Germany is €55,492
- The one who falls under 0-1 year of experience bracket for them, the average salary is €49,912
- The Data Scientist with having 1-4 years of experience will have an average salary of €55,107
- A salary for 5-9 yrs. Experienced data scientist is €64,987
- A Senior-level experienced Data Scientist with 10-19 years of experience earn €118,504
Data Scientist salary in Australia:
- As per Payscale, the average salary of a data scientist in Australia is AU$92,450
- The salary of an entry-level data scientist with 0-1 year experience in Australia is AU$76,150
- An early career Data Scientist with experience of 1-4 years will have an average salary of AU$91,567
- A mid-career Data Scientist with experience of 5-9 years earn AU$116,027
- A Senior-level experienced Data Scientist with 10-19 years of experience earn AU$121,008
Average data Scientist salary in Dubai:
- As per Payscale, the average salary of a data scientist in Dubai AED 182,607
- A Data Scientist with less than 1-year of experience can expect to earn an average salary of AED 170,000
- The Data Scientist with having 1-4 years of experience will have an average salary of AED 183,491
- Data Scientist with 5-9 years of experience earns an average total compensation of AED 209,027
- An experienced Data Scientist with 10-19 years of experience earns an average salary of AED 259,000
Data Analyst Salary in India
- The average salary of a Data Analyst in India is ₹436,988
- An entry-level Data Analyst with 0-1 year of experience as a Data Analyst can expect to earn an average salary of ₹341,169
- An early career Data Analyst with 1-4 years of experience will have an average salary of ₹419,357
- A mid-career Data Analyst with 5-9 years of experience earns ₹686,419
- A senior-level experienced Data Analyst with 10-19 years of experience earns ₹928,295
Data Analyst salary in USA
- The average salary of a data Analyst in USA is $61,469
- The one who falls under 0-1 year of experience bracket them the average salary is $56,129
- The Data Analyst with having 1-4 years of experience will have an average salary of $60,935
- A salary for 5-9 yrs. experienced data scientist is $68,923
- A Senior-level experienced Data Analyst with 10-19 years of experience earn $71,451
Conclusion
I would conclude by saying that don’t simply choose a career in data science by seeing the above figures because it is a field that is not only challenging, but it requires a continuous learning attitude.
So, if you are ready for a demanding career, only then step into it. Also, the salaries mentioned above give you a fair idea as they are subject to changes depending upon your experience, skills, location, and the organization.
In recent times, data has become an integral part of every organization worldwide. Organizations want to store them securely, but they also want to conclude it, which eventually contributes towards the organization’s growth. Therefore, there is a tremendous demand for data scientist professionals.
Since companies want to get the best, they aren’t hesitating to offer heavy remunerations to data scientists. As per a recent survey, India ranks in the 2nd position when it comes to hiring employees in the field of data science or data analytics.
So, if you are willing to have a challenging career and are open for continuous learning, then data scientist is the perfect field for you, and it has a bright future without any doubts.
Data scientists are experts in analyzing the data, and they have the required skills for solving complex problems. They constantly explore a wide array of issues that needs to be addressed. They are extremely proficient in both the fields, i.e., IT and business. So, yes, they are also a bit of mathematician, computer scientist and trend analyzer. Since data scientists enjoy a lot of demand in the USA, India, and many other countries, they are paid a heavy remuneration.
Today, in this article we will look at how much you can expect to earn as a data scientist in India, USA & other countries in 2021. But before we jump on to salary, we will understand the skills required to become a data scientist.
Below are the topics we’ll discuss in this article,
Skills Required to be a Data Scientist
They should possess knowledge on areas like algorithms, statistics, mathematics, and machine learning. Here is a list of the Things You Should Know Before Starting Your Career as a Data Scientist.
Programming knowledge – They must be well-versed in programming languages like Python, SQL, SAS, and Hive.
Structured Thinking – They should have the capability to understand business & should know which question they should ask and should be able to find answers with the available data.
Communication Skills – Good communication skills are required as they will have to speak to teams.
Data Scientist Salary
This blog will help you understand how experience, location, and skills impact a data scientist’s salary. Opportunities in the Data Science field are limitless, and job roles in Data Science promise high-paying salaries as well as plenty of opportunities.
However, salary growth is always dependent on knowledge, skills, and work experience, and the same rule is applicable for data science too- the more experience you have, the higher is your pay check.
Your skills and domain expertise play an important role in your salary growth. Individuals with skills, such as database schemas, pattern recognition, quantitative analysis, database administration as well as experience of Data Science tools can potentially earn higher salaries on average than those who have skills in less demand.
Big brands like Amazon, Airbnb, Spotify, Netflix, IBM, Accenture, Deloitte, and Capgemini, end up paying a high compensation to Data Engineers.
Data Scientist Salary by Location
- As per Payscale, the average salary of data scientist in India is ₹822,895 P.A.
- The one who falls under 0-1 years of experience bracket, earn an average salary is about ₹536,700 P.A.
- The one who brings in 1-4 years of experience will have an average salary of ₹786,214 per annum.
- A data scientist who brings in 5-9 yrs. of experience will get an average salary of ₹1,393,592 per annum.
- Senior level data scientist in India can earn a salary more than ₹1,747,802 P.A.
- As per Payscale, the average salary of a data scientist in USA is $96,501 P.A.
- The salary of an entry-level data scientist with 0-1 year experience in USA is $85,304.
- The Data Scientist with 1-4 years of experience will have an average salary of $95,192.
- A mid-career Data Scientist with 5-9 years of experience will get an average salary of $109,585.
- Finally, senior level experienced Data Scientist with 10-19 years of experience earn $122,158.
The Average Data Scientist Salary in UK:
- As per Payscale, the average salary of data scientist in UK is £40,435
- An entry-level Data Scientist with less than 1-year of experience will get an average salary of £34,461
- An early career Data Scientist with experience of 1-4 years will have an average salary of £40,485
- A mid-career Data Scientist with experience of 5-9 years earn £50,523
- A Senior-level experienced Data Scientist with 10-19 years of experience earn £50,782
The average data Scientist salary in Canada:
- As per Payscale, the average salary of a data scientist in Canada is C$79,184
- A Data Scientist with less than 1-year of experience can expect to earn an average salary of C$70,181
- Data Scientist with 1-4 years of experience earns will get an average salary of C$78,390
- Data Scientist with 5-9 years of experience earns an average total compensation of C$92,986
- An experienced Data Scientist with 10-19 years of experience earns an average salary of C$100,020
Data Scientist salary in Germany:
- As per Payscale, the average salary of a data scientist in Germany is €55,492
- The one who falls under 0-1 year of experience bracket for them, the average salary is €49,912
- The Data Scientist with having 1-4 years of experience will have an average salary of €55,107
- A salary for 5-9 yrs. Experienced data scientist is €64,987
- A Senior-level experienced Data Scientist with 10-19 years of experience earn €118,504
Data Scientist salary in Australia:
- As per Payscale, the average salary of a data scientist in Australia is AU$92,450
- The salary of an entry-level data scientist with 0-1 year experience in Australia is AU$76,150
- An early career Data Scientist with experience of 1-4 years will have an average salary of AU$91,567
- A mid-career Data Scientist with experience of 5-9 years earn AU$116,027
- A Senior-level experienced Data Scientist with 10-19 years of experience earn AU$121,008
Average data Scientist salary in Dubai:
- As per Payscale, the average salary of a data scientist in Dubai AED 182,607
- A Data Scientist with less than 1-year of experience can expect to earn an average salary of AED 170,000
- The Data Scientist with having 1-4 years of experience will have an average salary of AED 183,491
- Data Scientist with 5-9 years of experience earns an average total compensation of AED 209,027
- An experienced Data Scientist with 10-19 years of experience earns an average salary of AED 259,000
Data Analyst Salary in India
- The average salary of a Data Analyst in India is ₹436,988
- An entry-level Data Analyst with 0-1 year of experience as a Data Analyst can expect to earn an average salary of ₹341,169
- An early career Data Analyst with 1-4 years of experience will have an average salary of ₹419,357
- A mid-career Data Analyst with 5-9 years of experience earns ₹686,419
- A senior-level experienced Data Analyst with 10-19 years of experience earns ₹928,295
Data Analyst salary in USA
- The average salary of a data Analyst in USA is $61,469
- The one who falls under 0-1 year of experience bracket them the average salary is $56,129
- The Data Analyst with having 1-4 years of experience will have an average salary of $60,935
- A salary for 5-9 yrs. experienced data scientist is $68,923
- A Senior-level experienced Data Analyst with 10-19 years of experience earn $71,451
Conclusion
I would conclude by saying that don’t simply choose a career in data science by seeing the above figures because it is a field that is not only challenging, but it requires a continuous learning attitude.
So, if you are ready for a demanding career, only then step into it. Also, the salaries mentioned above give you a fair idea as they are subject to changes depending upon your experience, skills, location, and the organization.
