Want to know where you’re likely to get the best salary? The Analytics & Big Data Salary Report 2016, released by Analytics Vidhya and Jigsaw Academy, outlines the current in-demand skill sets for analytics and big data professionals in India, and which types of companies will provide the biggest pay-packet.
Gaurav Zohra, CEO, Jigsaw Academy said the analytics and big data sector has seen consistent growth in the last five years despite an increasingly uncertain global outlook. The advanced analytics market is expected to grow at a CAGR of 33.2 per cent and big data at a CAGR of 26.4 per cent – almost six to eight times that of the overall IT markets.
The top five industries driving demand for data science skills in 2015 are professional, scientific and technical services; information technologies; manufacturing; finance and insurance; and retail, and this growth is expected to continue in 2016.
Professionals with skills in R, closely followed by Python, are most sought after, though the more varied the professional’s skill-set, the more they can earn. For those with multiple skill sets, combinations that include R and Python are best paid.
Typically big data professionals are earning 8 per cent more than data scientists, though analysts who have capabilities in both big data and data science are receiving the highest salaries – 26 per cent more than those skilled in data science alone.
Amongst start-ups, open source tools such as R, SQL, and Hadoop are most common, and they are paying higher salaries than large companies in India. However, professionals wanting to join larger companies will be well served by having skill sets such as SAS.
And experience pays off – analysts can expect a 70 per cent increase in their earnings once they cross the five-year mark, while a decade of experience can boost average pay by more than 250 per cent.
The report canvassed 60,000 people with advanced analytics and data science skills.
The full report can be accessed here.