Data Scientist Salary in India in 2023

India is one of the top countries in the world that hires data scientists. With the exponentially expanding IT sector, this demand for data scientists will also increase. Thus, to be able to understand the job landscape and get the best opportunity, understanding the right skills and identifying the right prospects are essential. 

To start your career as a data scientist, you have to have the essential skills, and getting into an MCA programme can help you in this regard. During your MCA degree, you can learn about data science and analytics. 

So, if you plan to become a data scientist, you may find this blog interesting as we have discussed data scientist salaries in India, along with other information that you need. 

Who is a Data Scientist?

A data scientist is a data expert with the necessary skills to solve complex issues, along with a thirst to explore the wide range of problems that need to be addressed. These people are highly-skilled professionals who know both the IT and business worlds. Hence, the role of a data scientist is that of a part-trend analyser, part mathematician, and part computer scientist. Because of this diverse knowledge, this is one of the job roles that offers multiple career opportunities and amazing packages. The salary of a data scientist in India is higher than a lot of other jobs in the field of computers. 

The requirement for a data scientist spans across industries. Here are some of the top industries where data scientists are required

• E-Commerce
• Manufacturing
• Healthcare
• BFSI
• Transportation

With the help of data science, the operations of any company have become more data-driven, efficient, and accurate. Through deep knowledge of the market trends, the data scientist helps businesses respond to these trends speedily, enhancing the business's working. This also helps companies get new consumers and enhance their profits in the long run. 

Data scientists understand the customers and help the firms make decisions that can help these customers. With this, the satisfaction of the customers increases, which also enhances the revenue of the companies. Data scientists have a great impact on the valuation of a firm. This is why they are compensated well for all their efforts in making the business bigger and better. Thus, the average salary of a data scientist in India exceeds many other jobs. 

The role of a data scientist must not be that conventional but it has a lot of potential. The role comes with great opportunities and a potential increase in the data scientist’s salary per month. Thus, this can be a great job prospect for you after your MCA.

Data Scientist Salary in India

The salary of a data scientist can differ depending on various factors like skills, experience, and firm. The average salary of a data scientist in the country is about ₹7 lakhs per annum. The salary of a fresher in the field can be about ₹5 lakhs per annum. If you have an experience between 1 to 4 years, the average salary can be ₹6 to 7 lakhs per annum. 

For 5 to 9 years of experience, the average salary is ₹10 to 12 lakhs per annum. For senior data scientists, the salary can be as high as ₹17 to 20 lakhs per annum. The highest salary of a data scientist in India has no upper limit. 

Responsibilities of a Data Scientist

Before you plan to work as a data scientist, you must know all the responsibilities that you will have. Here is the list of the top responsibilities that you will have as a data scientist. 

• Gathering huge amounts of data - unstructured and structured. Using the data to create some meaningful business insights. 
• Identifying any data-analytics-related solutions that are cost-effective and efficient to drive the growth and revenue of the business.
• Using data analytics tools and techniques like machine learning, text analytics, and deep learning to comprehend the given data to find any hidden patterns and trends.
• Solving complex business problems using some of the best data-driven solutions.
• Validating and cleansing the data so that efficiency and accuracy can be enhanced.
• Communicating any solutions and findings to the team of stakeholders through the method of data visualisations. 

Top Data Science Skills in 2023

To gain better job opportunities and salary packages, upskilling yourself is essential. This makes you stand apart from the crowd and ensures that you have that extra skill needed to grab that opportunity. If you are pursuing an MCA degree with a specialisation in data science, you will learn such essential skills. However, many data science courses in India can help you in this regard. 

Here are some of the top data science skills in 2023.

• Inferential Statistics
• Data Analysis
• Hypothesis Testing
• Logistics Regression
• Linear Regression
• Linear Algebra for Analysis

Conclusion

As a data scientist, there is no dearth of opportunities in India and globally. However, you need to stay updated with the trends and ensure that you keep upskilling yourself according to the demands of the market. To get access to industry-aligned courses and training modules, register with colleges powered by Sunstone - an education service provider with a pan-India presence. 

FAQ - Data Scientist Salary in India

What is the eligibility to become a data scientist?

To become a data scientist, one typically needs a strong educational background in a field such as computer science, statistics, or mathematics, as well as experience working with large data sets and using relevant tools and technologies such as machine learning, Python, or R programming languages, SQL, and big data technologies like Hadoop or Spark.