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SALARY STUDY
2019
By Analytics India Magazine
& AnalytixLabs
Analytics India Salary Study 2019 By AIM & AnalytixLabs
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TABLE OF 08 22
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FOREWORD
Ankita Gupta
Co-Founder & Consultant at AnalytixLabs
04 05
Analytics India Salary Study 2019 By AIM & AnalytixLabs
INTRODUCTION
The annual Analytics India Salary What we have observed is that over
Study presented by AIM and the last three years (2016 to 2018),
AnalytixLabs, now in its fifth year, is there has been a pronounced growth
the only study coming out of India in median salary across all experience
that digs deeper into salary trends levels, increasing from INR 9.5 Lakh
to give a comprehensive view at how in 2016 to INR 11.7 Lakh in 2017 and
analytics salaries have changed over touching INR 12.7 Lakh per annum in
the years, skills that are very much 2018. However, this trend has levelled
in-demand and the hiring challenges off with the average analytics salary
it could present. Our report looks at capped at 12.6 Lakh per annum
the distribution of average salaries across all experience levels in 2019.
across years of experience, job A high point is that analytics salaries
category, region, industry, education, continue to exceed other software
gender and tools and skills. All in all, engineering roles with analytics
we expect to see another busy year professionals out-earning Java
for analytics hiring market. counterparts by almost 50% in India.
The study also found a 1.8% increase
Data Analytics professionals are in salaries of entry-level analytics
currently benefitting from the big data professionals with experience
wave with analytics professionals between 0 to 3 years. It is also clear
earning 26% higher than an average that Big Data and Data Engineering
software engineer in India. Now, professionals who work primarily on
similar to last year, the average salary unstructured data continue to earn
of analytics practitioners has remained more than analytics professionals.
steady across all experience levels Our research also confirms the
with the remuneration remaining observation that organisations data
unchanged. However, the demand scientists with a PhD and they also
for mid-level professionals with lean towards candidates from elite
average compensation of INR 6 lakh engineering institutions.
onwards has surged, demonstrating
that analytics as a function in India Inc
has become more mainstream with
enterprises capitalsing on growth
opportunities.
06 07
RESEARCH METHODOLOGY
All salaries are in Lakh, per annum, in Indian rupees term (wherever not
mentioned).
Analytics India Salary Study 2019 By AIM & AnalytixLabs
45%
KEY TRENDS
25%
20%
15%
• The median analytics salary in • As compared to last year, median
10%
India for the year ending 2018-19 salaries for analytics and data 5%
remained steady at INR 12.6 Lakh scientists have remained steady 0%
across all experience levels and since a year ago 0-6 L 6-10 L 10-15 L 15-25 L 25-50 L 50 L-1 CR
skill sets Median Salary of Analytics Professionals
10
8
50 L-1 CR
6 2.1% 1 CR+
4 0.5%
25-50 L
2 6.8%
0
2015 2016 2017 2018 2019
ANALYTICS SALARY TREND OVER YEARS 15-25 L
13.7% 0-6 L
36.2%
• Over one third (36.2%) of earning 25 lakh and onwards with
analytics professionals take a the number coming down to 9.4%
salary of less than 6 Lakh. This this year from 9.5% in 2018 10-15 L
is lower than 2017 (39%) & 2018 16.6%
• Mid-level analytics professionals
(37.6%) which also implies that who command considerable
base salaries for entry-level subject matter expertise are 6-10 L
professionals has gone up visibly more in demand with 24.1%
• On the other hand, salaries at salary falling in the bracket of 6
senior managerial levels have lakh to 25 lakh per annum this
plateaued and dipped by one year, thus keeping the median
percent. There has been a one- salaries stable
percent decrease in professionals % OF PROFESSIONALS BY SALARY RANGE THIS YEAR
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Analytics India Salary Study 2019 By AIM & AnalytixLabs
analytics
professionals earn
26%
more than software
SALARIES IN ANALYTICS engineers
COMPARED TO IT ROLES
• Analytics professionals earn 26% • Analytics professionals out-earn
more than software engineers in Java programmers by almost
India 50%.
• In case of other IT roles, the
salary gap is higher, underscoring
the advantage held by analytics
professionals 14
12
10
0
ANALYTICS SOFTWARE DATABASE IT DEVELOPER SYSTEM JAVA
PROFESSIONAL ENGINEER ADMINISTRATOR ADMINISTRATOR PROFESSIONALS
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Analytics India Salary Study 2019 By AIM & AnalytixLabs
mumbai continues to be
highest paymaster in
analytics at
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Analytics India Salary Study 2019 By AIM & AnalytixLabs
76%
OF ANALYTICS PROFESSIONALS
EARN 0-6 LAKHS PER ANNUM
SALARY TRENDS ACROSS
EXPERIENCE LEVELS
Salaries across experience levels is a practice, the number of high-profile
critical factor to judge how the industry appointments have gone up. Beefing
rewards seniority. Experience Levels up the senior leadership stack is not
could also be seen as designation just limited to enterprises but also
like analyst, manager, director etc, high-growth startups like OYO and
but we chose to look at the number Swiggy that are hiring senior talent
of years in the industry. This is a to architect a global strategy and
more quantitative assessment and push growth. Those transitioning to
can resonate easily with senior folks. upper management can expect a
With more and more enterprises 60% jump in their salaries.
35 2%
setting up dedicated analytics
30 1%
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Analytics India Salary Study 2019 By AIM & AnalytixLabs
ANALYTICS SALARIES
ACROSS INDUSTRIES
Salaries within an industry is affected fledged analytics unit across a wider telecom sector command median increase in the salaries of analytics
by broadly two indicators — the rate spread of sector. Among the industries salaries more than 1Cr professionals, at 4% - from 11.2% in
of adoption for that technology within that value Data Science the most is • The largest number of entry 2018 to 11.7L this year.
that industry and the relative value telecom that has the highest median level analytics professionals • Media/ Entertainment has highest
that the industry garners from the salaries at 18 Lakhs, while Media are employed in Media/ decrease in the salaries of analytics
technology. What we have observed & Entertainment vertical offers the Entertainment firms. Almost half of professionals, at 4.2% - from 10.3%
is that more and more enterprises are least median salaries for analytics analytics professionals in Media/ in 2018 to 9.9L this year
morphing their traditional businesses professionals at 10 Lakhs. This is a very Entertainment firms command less
into data driven companies to succeed wide range (higher variances) in terms than 6 Lakhs salary
in the competitive market. of median salaries.
• Ecommerce sector has the highest
A higher adoption rate would signify a For eg: Banking sector was one of the
relative stabilization of resources and earliest adopters of analytics in India.
Salary of Analytics Professionals in INR Lakh
processes which in turn would cause It is also by far the biggest recruiter
a dip in salaries. Industries that have of analytics professionals in India. 0 2 4 6 8 10 12 14 16 18 20
recently adopted analytics would also The salaries in Banking for analytics
see a skew towards higher senior level professionals currently stands at the TELECOM
professionals vis-à-vis other industry, lower spectrum in median terms. RETAIL/CPG
thus pushing the median salaries Eventually, this salaries variance
higher. across industries should reduce as ENERGY/UTILITIES/
adoption increases over time. MANUFACTURING
We have seen a marked increase in
AUTOMOTIVES
global corporations launching full-
PHARMA/ HEALTHCARE
• Telecom industry pays the highest range of 50 Lakh – 1Cr salary range BANKING/INSURANCE
median salaries to its analytics • Media/entertainment industry pays TRAVEL/HOSPITALITY
professionals with average analytics professionals the lowest
compensation being 18 Lakh with average salary of 10 Lakhs. ECOMMERCE
• Telecom industry also has the • Energy/Utilities/Manufacturing
highest number of professionals MEDIA/ENTERTAINMENT
has the highest number of
(4.8%) commanding in the upper professionals with 1Cr+ salary range
management with salaries in the – 1.2% of analytics professionals in
ANALYTICS SALARY ACROSS INDUSTRIES
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Analytics India Salary Study 2019 By AIM & AnalytixLabs
AI PROFESSIONALS
ARE PAID HIGHEST AT
14.8 LAKH
SALARIES ACROSS
DATA SCIENCE ROLES
One of the most critical factors for grow and have become the most
the increase in salary expectations in-demand resources. Big Data
for an analytics professional would Engineers, Data Engineers and Data
be an advancement of skillset. With Scientists now form the bulwark of
companies moving data to the cloud, data science units and organisations
big data tools like Spark, Hadoop and willing to invest in top big data talent
Scala are becoming more popular. to maximise its business potential. As
This requires candidates with a result of this, we have seen a growing
experience with big data platforms demand for these professionals but
and in order to secure this talent, salaries remain steady as more and
16
enterprises are willing to offer a more professionals enter this field.
higher payscale. In the data science talent stack, 14
As organisations experience an analysts and BI experts command
the least pay package. 12
unexpected increase in data, their
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Analytics India Salary Study 2019 By AIM & AnalytixLabs
CAPTIVE ANALYTICS
CENTERS CONTINUE TO BE
HIGHEST SALARY PROVIDERS
IN ANALYTICS
SALARIES ACROSS
COMPANY TYPE
Essentially, five types of organizations delivery centers in India. Thirdly,
recruit data scientists in India and it we have seen a surge in domestic
is important to look at salaries for all Indian firms like Reliance and Bajaj
these company types. Firstly, captive Electricals setting up analytics unit
centers are Global Inhouse Centres for enterprise wide adoption.
(GICs) for large MNCs setting up Fourth, large IT service providers
operations in India. Analytics forms have setup analytics competencies 18
one of the core areas that these and provide services to global clients
captive centers work on. 16
around analytics. Lastly, we have
Secondly, Consulting firms (Big 4 ) observed a rise of domestic analytics
also provide analytics consultancy boutique firms providing specialised 14
and this can be either to domestic services to clients.
12
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Analytics India Salary Study 2019 By AIM & AnalytixLabs
SALARY BY
22 LAKH
EDUCATION LEVEL
As per our data, a premier institute elite engineering institutes can
credential is equivalent to a PhD in earn a base salary of 22 lakh while
India. Will data scientists with PhDs those from second-tier institutions
outearn candidates with a Masters, earn a package 12 Lakh. Also, the
certainly, but even though there is contribution of a Master’s degree
25
a huge demand for PhD candidates is significant, given that almost
in data science, data scientists with 60% of analytics workforce in India
a PhD currently form only 1% of the has it and 7% of workforce is from
analytics workforce. On the other premier undergrad or postgrad 20
hand, a specialisation from leading institution. Also, there is a demand
premier institutes (IITs) can fetch for professionals who have some
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Analytics India Salary Study 2019 By AIM & AnalytixLabs
women analytics
professionals get
9.2 LAKH
GENDER GAP
Similar to 2018 study, the data points It is a well-known fact that gender
to a huge discrepancy in salary pay disparity exists in the analytics
by gender, with women analytics field and women participation in
professionals earning 50% less as STEM has been very low. Given how
compared to their male counterparts. analytics is related to coding and
The pay gap has widened as mathematics, women salaries are
compared to 2017-2018 research evidently less from male analytics
wherein the respondents surveyed professionals.
reported earning 32% less vis-a-vis Over the last few years, there
men in the same company. While the have been concerted efforts from 16
pay gap is even more pronounced this the industry to increase women
year, average salaries commanded representation in the analytics field 14
by women over the last two years and close the gender pay gap,
remains steady. On median, women however we are yet to see any 12
data scientists command a salary improvement in this area.
2019 2018
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Analytics India Salary Study 2019 By AIM & AnalytixLabs
ANALYTICS SALARIES
BY TOOLS
• Python commands the highest • R, Tableau, SAS & SPSS saw a
salaries among analytics decrease in salaries compared
professionals – 15.1 Lakh as to an year ago. SPSS saw median
median. salaries decreasing by almost 4%
• Python also saw the highest jump
in median salaries vis-à-vis last
year – an increase of 8.6%
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Analytics India Salary Study 2019 By AIM & AnalytixLabs
CONCLUSION
India has emerged as one of the key of analytics, e-commerce segment
regions when it comes to growth also requires data scientists and are
of Data and Analytics technology willing to pay above market rate to
with demand for data scientists and drive growth and innovation.
analytics professionals booming.
Governments, for instance, in All in all, the year 2018 represented
Karnataka, Telangana and Andhra a year when digital transformation
Pradesh are heavily investing in its reached a peak and we saw enterprises
start-up ecosystem, and we are showing an increased understanding
seeing a rise in new-age companies of the value of data and how it is
— the data natives of India — Oyo, sharply co-related to revenue and
Ola, Freshworks, Byju’s, Swiggy, profitability. This also underscores
Zomato, Paytm entering the unicorn that senior management is investing
club. These high-growth companies more in their strengthening their
are now applying data to business existing analytics functions. Now,
models and strategies in innovative the challenge lies with professionals
way and driving the talent market and key stakeholders to upskill, take
with niche analytics roles. a leap of faith and find new, exciting
roles and work with data-driven
To cater to their demand, premier technologies.
Indian universities and edtechs are
now offering specialised courses and
Master’s programmes in Data and
Analytics, Machine Learning & AI. It
will be interesting to see the talent
emerging from these institutes and
how it will shape the analytics market.
Another trend that will dominate the
hiring market is that in order to secure
top talent, enterprises are willing to
pay top dollars and open doors to
talent specialised skill-set. And while
the heavily regulated Telecom sector
continues to be the major employer
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Analytics India Salary Study 2019 By AIM & AnalytixLabs
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