Video Counseling
Data Science is one of the most sought-after professions today across the globe. Many multimedia platforms have even labeled it as “The Coolest Profession”. Data scientists enjoy lucrative salary packages owing to the great demand of the procession. This sudden increase in the demand for data science professionals is because of the enormous increase in the total data in the world.
Top 7 In-Demand and Highest Paying Jobs In the Data Science Domain
If you are into data science and technology then you must have heard of the BIG DATA for sure. If not, big data is nothing but the collection of huge volumes of complex data sets. Data Science is all about collecting and filtering out meaningful insights from this big data and using them for various tasks. Read: What Is Data Science and Its Application?
Big data is an important player in this digital age. This is because businesses benefit the most from this big data with the help of data science mechanics. Data science has revolutionised many businesses and helped them gain impeccable profits. Therefore, businesses now are willing to pay more than ever to highly experienced data science professionals.
The table below has mentioned the top 7 in-demand and highest paying jobs in the data science domain. You will find the salary for each job role in India as well as in the US, for those who wish to pursue their careers overseas.
| Job Title | Avg. Base Salary in India | Avg. Base Salary in US |
| Data Scientist | ₹8,64,729/- | $97294 |
| Data Architect | ₹20,40,312/- | $1,23347 |
| Data Analyst | ₹4,63,202/- | $62838 |
| Data Engineer | ₹8,65,518/- | $93272 |
| Machine Learning Engineer | ₹7,23,386/- | $112513 |
| Business Intelligence (BI) Developer | ₹5,98,580/- | $82448 |
| Database Administrator | ₹5,09,032/- | $74451 |
7 Highest Paying Data Science Jobs
Data science is a very broad subject and consists of various sub-domains like machine learning (ML) and deep learning, as well as partner domains like artificial intelligence (AI). Hence, there are numerous job opportunities within this field. Read: Top 10 Online Data Science Colleges In India!
We have here listed the top 7 jobs within the data science domain along with their salary trends based on actual salary surveys.
#1 Data Scientist
This is the most common job role in the field of Data Science. Based on your qualifications and experience in the field, you can be a Lead Data Scientist and even a Senior Data Scientist. These are some of the highest-paying roles and are achieved after years of experience in this particular field.
Average Base Salary- ₹8,64,729/-
- With less than 1 year of experience, a Data Scientist can earn a total amount of INR 5,76,440 per annum (this includes overtime, bonuses, incentives, and other allowances).
- For professionals with 1-4 years of work experience, the total salary is around INR 8,02,304 per annum.
- For professionals with 5-9 years of work experience, the total salary is around INR 14,38,777 per annum.
- For professionals with 10-19 years of work experience, the total salary is around INR 19,10,886 per annum.
- For professionals with more than 20 years of work experience, the total salary is around INR 20,00,000 per annum.
#2 Data Analyst
Data analyst is another very important role when it comes to Data Science. A data analyst works on gathering information on specific data. They have to sometimes perform surveys as well to collect meaningful insights for data modeling. Again, the salary of a Data Analyst varies a lot based on the experience of the professional.
Average Base Salary- ₹4,63,202/-
- With less than 1 year of experience, a Data Analyst can earn a total amount of INR 366094 per annum (this includes overtime, bonuses, incentives, and other allowances).
- For professionals with 1-4 years of work experience the total salary is around INR 450438 per annum.
- For professionals with 5-9 years of work experience the total salary is around INR 708944 per annum.
- For professionals with 10-19 years of work experience the total salary is around INR 993673 per annum.
- For professionals with more than 20 years of work experience the total salary is around INR 15,00,000 per annum.
#3 Data Engineer
Data Engineers are the ones who work with the data that has been extracted by the data scientists and analysts to perform a certain task. They help in designing and building the data model to satisfy the business needs. Data engineers with good experience gain lucrative salary packages.
Average Base Salary- ₹8,65,518/-
- With less than 1 year of experience, a Data Engineer can earn a total amount of INR 467737 per annum (this includes overtime, bonuses, incentives, and other allowances).
- For professionals with 1-4 years of work experience the total salary is around INR 724067 per annum.
- For professionals with 5-9 years of work experience the total salary is around INR 1362116 per annum.
- For professionals with 10-19 years of work experience the total salary is around INR 1906224 per annum.
#4 Data Architect
Data architects work with data engineers for designing, structuring, and maintaining the data within the database of the company or organisation. They do the required technical work on the data usually using Machine Learning and Deep Learning techniques. A high-level data architect with a good number of years of experience enjoys great salary packages.
Average Base Salary- ₹20,36,905/-
- For professionals with 1-4 years of work experience the total salary is around INR 950000per annum.
- For professionals with 5-9 years of work experience the total salary is around INR 1626904 per annum.
- For professionals with 10-19 years of work experience the total salary is around INR 2195182 per annum.
- For professionals with more than 20 years of work experience the total salary is around INR 2598272 per annum.
#5 Machine Learning Engineer
Since Machine Learning is one of the most important sub-domain of Data Science, the post of Machine Learning has also become very popular. Many business models in the Data Science domain are based on machine learning and artificial intelligence. Therefore, with more demand, the salary packages also increase.
Average Base Salary- ₹7,23,386/-
- With less than 1 year of experience, a Machine Learning Engineer can earn a total amount of INR 515794 per annum (this includes overtime, bonuses, incentives, and other allowances).
- For professionals with 1-4 years of work experience the total salary is around INR 704470 per annum.
- For professionals with 5-9 years of work experience the total salary is around INR 1474332 per annum.
- For professionals with 10-19 years of work experience the total salary is around INR 2015877 per annum.
#6 Business Intelligence Developer
Business Intelligence Developers work primarily with company databases as well as on different types of softwares. They are also known as BI developers and are responsible for developing IT solutions for data handling. They must know how to handle various BI tools effortlessly.
Average Base Salary- ₹5,98,580/-
- With less than 1 year of experience, a Business Intelligence Developer can earn a total amount of INR 3,23,052 per annum (this includes overtime, bonuses, incentives, and other allowances).
- For professionals with 1-4 years of work experience the total salary is around INR 4,99,258 per annum.
- For professionals with 5-9 years of work experience the total salary is around INR 9,83,946 per annum.
- For professionals with 10-19 years of work experience the total salary is around INR 13,40,801 per annum.
#7 Database Administrator
Database administrator is responsible to make sure that the softwares in use of database management is maintained properly to ensure quick access to data and other information when needed. Since the database server is used very very often for so many purposes, its efficiency needs to be maintained, which is what Database Administrators do.
Average Base Salary- ₹5,09,032/-
- With less than 1 year of experience, a Database Administrator can earn a total amount of INR 291,290 per annum (this includes overtime, bonuses, incentives, and other allowances).
- For professionals with 1-4 years of work experience the total salary is around INR 423,179 per annum.
- For professionals with 5-9 years of work experience the total salary is around INR 821,420 per annum.
- For professionals with 10-19 years of work experience the total salary is around INR 1,305,947 per annum.
- For professionals with more than 20 years of work experience the total salary is around INR 10,00,000 per annum.
Factors affecting Data Science Salary Structure
There are three key factors among many that affect the salaries of Data Science professionals. This means that the salary might be different for the same designation based on these factors.
Given below are these factors explained and the salary distribution based on these factors. Since the Covid-19 pandemic has greatly affected all sectors and employability, we have graphically described the variation in salaries from 2020-2022.
Experience
The salary details mentioned in the table above are just the base salary. There are other allowances, tips, incentives, bonuses, overtime pay, and other such factors that affect the overall salary. The bigger the company, the better the allowances. However, there is another factor that matters much more than anything else which is- EXPERIENCE.
The salary varies greatly based on the experience of the professional. Relevant degrees also play a vital role in the recruitment process, but with experienced professionals, recruiters might overlook your academic background because at the end what matters more than your knowledge is your skillset.
Cities
You might not know but even different cities might affect the salary of Data Science professionals. This is because different cities have different exposure to certain professions. In the case of Data Science, metropolitan cities that consist of IT firms offer the maximum salaries to Data Science professionals. Cities like Gurgaon, Bangalore, New Delhi, Mumbai, etc are rich in Information Technology (IT) field and hence are some of the best places for high paying IT jobs.
Sectors/Industries
The importance of Data Science varies across different industries and sectors. There are a lot many sectors where Data Science is a vital and integrated part of the organisation. However, its importance is different for different sectors which in turn reflects on the salary of the professionals. For instance, the salary of Data Science officials is more in E-Commerce/Internet industries as compared to Travel/Hospitality industry.
Now that you know how well paying Data Science jobs are, you must be wanting to pursue an online Data Science course as your career. The field has immense scope in the future because of the data increasing around the world. If you are already working or someone who can not afford the expensive regular courses, then you can definitely opt for online courses in Data Science. However, you must judiciously choose your online university as it is an extremely important decision. In order to get you an authentic online university, we at College Vidya have listed more than 50 online colleges (UGC approved only) so that you are away from any sort of scam. Read: MBA with Specialization In Data Science!
