Introduction:
Professionals that gather, arrange, and analyze data to offer insights and guide decisions are known as data analysts. Pune is one of the largest cities in India, and data analyst job demands are high here. Education, skills, experience, and organization size are some variables that affect a data analyst’s compensation in Pune.
Describe data analysis:
The people who collect and process the data for further use or reduce the dimension of the data by compressing it to evaluate the structure or trend of the data for making the right decision in business or any other sector are called data analysts. Data analysts use machine learning algorithms, data visualization, statistical analysis, and other techniques and tools to get accurate outcomes for their problems.
In our rapidly changing world, the data set of any sector becomes huge day by day, which needs to be processed for future use. For that reason, the operation techniques of data analysts become essential. The demand for efficient data analysts increased rapidly as data-driven decision making is getting beneficial in every sector. It is also useful for estimating trends or patterns in the data.
Job opportunities are also high in this domain as data processing is essential in every sector, like rail, technology, health, etc. They could work as independent consultants or contractors or be directly engaged by businesses or organizations.
Data analyst salaries in Pune are affected by the following factors:
Education:
A data analyst’s income is greatly influenced by their degree(s). If someone does their graduation in data science or a statistics-related domain, then they will get a higher salary than others. Also, if they have a master’s degree in this domain, then their salary also increases. A newbie in Pune with a bachelor’s degree might anticipate a salary of between INR 3 and 5 lakhs annually.
Skills:
A data analyst’s income can be greatly impacted by the talents they possess. Data analysts should have some features for their work, such as data compression, programming, machine learning algorithms, visualization of the data, etc.
Programmers with extensive knowledge of Python, R, SQL, and SAS are in high demand and may expect to make more money. With these talents, a recent graduate can expect to make between INR 5 and INR 7 lakhs per year in compensation.
Work experience:
The income of a data analyst is significantly influenced by experience. Freshmen with no prior work experience in the sector might start with a lower wage range, while those with experience might make more money. With one and two years of experience, a data analyst in Pune may earn between INR 6 and 8 lakhs annually.
Size of the Company:
A major factor in a data analyst’s pay is the size of the company. Due to the volume of data analysts work with, large organizations often pay greater wages. While smaller businesses may pay less, they could also provide prospects for advancement. Depending on the size of the organization, the annual compensation of a new data analyst in Pune can range from INR 3 to 7 lakhs.
Location:
Another important factor that has an impact on a data analyst’s income is location. Data analysts have several options in Pune because it is a center for IT. Pune offers a lucrative package for data analysts, with salaries varying depending on the city.
Negotiation Skills:
Negotiating skills are also very important in deciding a data analyst’s wage. Applicants that are good at negotiating with the employer stand a better chance of receiving a better compensation package. Soft skills like good communication skills, attractive personality, confidence, the mindset of an individual, etc., effectively impact your interview. This can boost you towards a high-paying job.
Type of Industry:
The pay scale of data analysts is different in every sector. There is a wide range of industry sectors present in Pune. These involve IT, banking, production, etc. In general, people from the banking or healthcare sector get more salaries than technology. However, the salary in the industry can also depend on the situation, location, and various other factors.
Demand and Supply:
The salary of data analysts in Pune may be affected by supply and demand. Salaries may rise if there is a significant demand for data analysts but a shortage of qualified candidates. Whereas if the number of data analysts is increased in the market, then due to the availability of applicants, the salary could be reduced.
Business Reputation:
A new data analyst’s income may be impacted by the standing of the organization where they work. Companies with a solid market position and a good reputation are likely to pay greater salaries than startups or less well-known businesses.
Specialization:
Finally, the specialization of a young data analyst may affect their pay. High demand exists in the market for specialized capabilities like machine learning, data mining, or big data analysis, which can result in greater pay.
Position of Responsibility:
The data analyst’s job tasks may have an impact on their pay. The pay of people with greater duties—such as directing teams or overseeing projects—is probably higher than those with lesser obligations.
Salary of a fresher data analyst in Pune:
In Pune, the pay for a new data analyst varies according to the aforementioned variables. According to research and surveys undertaken by several job portals, the typical income for a rookie data analyst in Pune ranges from INR 2.5 to 4.5 lakhs annually.
The industry in which a data analyst is employed can also affect their pay in Pune. The fresher data analysts working in the IT sector get INR 2.5 to 4.5 lakhs per year, whereas data analysts working in the financial sector may get INR 3 to 5 lakhs per year.
Conclusion:
In Pune, the pay for a fresher data analyst varies depending on some criteria, including their level of schooling, talents, industry, and job title. In Pune, the average annual compensation for a new data analyst is roughly Rs. 4,00,000. However, salaries can range from Rs. 2,50,000 to Rs. 6,50,000. Applicants might anticipate better pay if they have a bachelor’s or master’s degree in computer science, statistics, or mathematics in addition to extra certifications like CAP or SAS Certified Basis Programmer. A greater pay may also arise from knowing programming languages like Python, R, and SQL. Data analysts are likely to make more money than individuals in other industries working in sectors like technology, healthcare, banking, and e-commerce. Experienced people are generally more efficient in this data analysis field, so their pay scale is larger than freshers, as experience is necessary for this domain.
Browse Other Courses
- Artificial Intelligence Course in Pune
- Business Analytics Course in Pune
- Cloud Computing Course in pune
- Cyber Security Course in Pune
- Data Analytics Course in Pune
- Digital Marketing Course in pune
- Ethical Hacking Course in Pune
- IoT Certification Course Training in Pune
- Machine Learning Course in Pune
- PMP® Certificate Course in Pune
- Python Course in Pune
- Tableau Course in Pune
Navigate to Address:
360DigiTMG – Data Analytics, Data Science Course Training in Pune
No. 408, 4th Floor Saarrthi Success Square, near Maharshi Karve Statue, opp. Hotel Sheetal, Kothrud, Pune, Maharashtra 411038
089995 92875
Get Directions: Data Analytics Certification
