2. Salary Study - 2016
For the last several years, several reports from think-tanks
like McKinsey, Deloitte and Harvard have consistently
forecasted that the demand for analytics professionals would
supersede the supply. However, it is only1 in the last two
years that the majority of organizations have started filling
this gap like never before. In such a scenario, salary
becomes an important factor for professionals looking for
lucrative career options.
3. Initiative - Analytics India Magazine
An initiative by Analytics India Magazine in partnership with
AnalytixLabs, the focus of this study is to compare the salary trends
amongst professionals, specializing in different skills and tools, while
also providing an overview of the analytics salary in key Indian
metropolitan cities as well as companies and across various
experience levels.
4. Key Trends
The average analytics salary in India for year ending 2015 was INR
9.5 Lacs across all experience level and skill sets.
There is an increase in the percentage of people, from 36.6% in
2015 to 42.2% in 2016, in lowest salary band as more freshers1
(specifically to analytics domain) joined the workforce.
A large number of job openings and hiring happening for the less
experienced in tier B cities, but with lower average salaries has
brought down the overall average salary scene in the sector across
the country.
Conversely, the overall salaries in metropolitan cities, individually,
has increased from 2015.
On one hand, the Analytics professionals commanding salaries less
than INR 6 Lacs has gone up from 36.6% in 2015 to 42.2% in 2016;
while Analytics professionals earning more than INR 15 Lacs has
increased from 10.5% in 2015 to 11.3% in 2016.
Analytics professionals with salaries in extreme brackets i.e. less
than 6 lakhs & more than 15 lakhs have increased, whereas
professionals in bracket 6-15 lakhs have decreased since last year.
5. Salary Trends across Tools & Skills
Advanced analytics/predictive modeling professionals are paid the
highest salaries compared to their analytics peers i.e. 12.1 Lacs on
average.
Big data professionals and data mining professionals get up to 9.7
Lacs & 9.5 lacs on average.
BI, Reporting , MIS professionals get upto 7.1 Lacs on average and
data engineer an average of 6.7 Lacs.
6. Salary Trends across Tools & Skills
Within Big data profiles:
◦ Hadoop professionals command an average of 9.9 Lacs
◦ Spark professionals command an average of 8.8 Lacs.
NoSql/ MangoDB professionals receive an average of 11.1 Lacs.
Qlikview professionals command marginally higher than Tableau
professionals in visualization skill jobs – 9.5 Lacs vs 9 Lacs on an
average.
Within Advanced Analytics profiles:
◦ On an average, professionals get up to 10.8 Lacs for R, vs 9.1
Lacs for SAS, vs 7.3 Lacs for SPSS professionals.
◦ Python gets highest pay of 11.3 Lacs compared to R, SAS and
SPSS.
7. Salary Trends across Cities
This year has seen an almost 15% increase in pay for Mumbai, from
an average analytics salary of 9.9 Lacs last year, it has increased to
11.4 Lacs.
This is closely followed by Bangalore with 10.3 Lacs salary, and a
5% increase from last year.
The third runner up is Delhi-NCR, where the salaries of analytics
professionals have increased from 9.4 Lacs to 9.9 Lacs. However,
percentage wise, it ties with Bangalore as, it is also a 5% increase in
one year.
In the 6-10 Lacs bracket, Bangalore leads the pack with 26%
earning within this bracket, followed closely by Pune and
Hyderabad.
In the 0-6 Lacs bracket, Hyderabad dominates with 46% of analytics
professionals earning below 6 Lacs followed closely by Pune at
42%.
8. Salary Trend For Skills Across Cities
Mumbai tends to pay the highest across all skills.
For predictive modeling / Advanced analytics, Delhi/ NCR has higher
pay scales than Bangalore, Hyderabad and Chennai, but for Data
Mining, Pune pays higher than Chennai & Hyderabad while
Bangalore and Mumbai have a tie for Big Data.
9. Salary trends across Experience
levels
At entry level, almost 81% of analytics professionals are under
the 0-6 Lacs salary bracket with an average salary of 4.1 Lacs.
The salaries of analytics professionals increase by more than
50% for each level increase in their designation. From senior
analyst to manager, the jump is more than 60% on average.
The senior analytics professionals, with more than 12 years of
experience can command an average of 24 Lacs as their salary.
10. Salary trends across Company Type
There is no difference in average analytics salaries for
consulting firms, domestic players or captive centers. The
analytics professionals in either of these spheres get up to 12
Lacs on average.
However, Boutique analytics firms pay the lowest – an average
of 7.9 Lacs, while large IT players pay 9.5 Lacs.
Nonetheless, analytics industry still falls in the higher paying
bracket compared to other industries such as telecom, e-
commerce, manufacturing, advertising, media, etc.
11. Conclusion
Analytics is the driving force for meaningful insights that lead to
better decisions. When open-source platforms like R and Python are
rapidly increasing the adoption of advance analytics, the Big Data
platforms like Hadoop & Spark are revolutionizing our ability to gain
valuable insights from the huge treasure chest of raw data.
India, being a KPO hub, is at the helm of this evolution, and new
skills requirements are coming up every day thereby increasing the
training demand from organizations and professionals who need to
up-skill and keep themselves updated. This change is not limited to
new tools and techniques, but many new job roles within Analytics
have emerged, in addition to the conventional business analytics
roles, like Data Visualization Analysts, Big Data Analysts, Data
Scientists, and Data Engineers.
12. Conclusion
Thus, on one side, there is tremendous growth opportunity as this
industry is moving ahead, and on the other side, the rapidly growing
and ever changing industry requirements mean that professionals
have to learn new skills and stay abreast of new age job
requirements, if they want to stay stronger and longer in the game.
In the near future, as salaries continue to increase, we may see
professionals from other sectors honing their analytics skills and
switching careers. In thi1s regards, this report hopes to present itself
as a benchmark for the analytics salary ecosystem in India.