People have their perceptions about different job profiles. The two most common perceptions surrounding the job of a data analyst are that this job is complicated and that it is well-paying. While the matter of complexity is quite subjective, the matter of pay is definitely true. Yes, data analysts are definitely paid more than others, especially at the fresher levels, because of their critical role in a company.
Before we get into the details of the average salary of a data analyst in Pune, it is a good idea to understand more about the roles of a data analyst, the importance of this role in any business and the various factors that affect the salary paid for this profile.
Roles and responsibilities of a data analyst
A data analyst collects and organizes unstructured and raw data. Analysts then structure the data in an organized manner. They are involved in data mining and data extraction as they use the latest tools and techniques in computing, mathematics, statistics, coding, AI and more. Data analysts present the data in a format that is easy to understand.
The top management depends on this organized data to make important decisions like launching new products, improving profitability and sales numbers, reducing risk and duplications, understanding the pulse of the target audiences, tracking competitor trends and more. Data analysts need to be extremely good at understanding patterns in the large volumes of data in front of them. Their job also involves building predictive and analytical models for the business, so that they can plan the future course of action.
As you can see, the role of a data analyst is very important in any business. The work done by these analysts forms the base for most of the business decisions taken by owners, CEOs and top management. A slight mistake in understanding the patterns, or a small slip while drawing insights from the data can lead to huge losses for the business, as it may lead to wrong and risky decisions.
Fundamental skills required to be a data analyst
As perceived by many, data analytics is not a complex career choice at all. If you are a data analyst, you will find your role to be extremely challenging and exciting, especially if you have decent knowledge of the following skills:
Mathematical concepts – Though you may not be an expert in math, you should be aware of some of the basic mathematical concepts used in data analytics. These include linear algebra, geometry, trigonometry and calculus.
Statistical concepts – Data analytics relies heavily on your statistical skills. So, you should be good in concepts like probability distribution, regression analysis, sentiment analysis and hypothesis testing to shine in your analytics career.
Computer Science Concepts – You need not be an experienced coder, but you should have enough knowledge of programming languages like Python & R, querying languages like SQL, data analysis tools like Advanced Excel and data visualization tools like Power BI and Tableau.
Soft skills – Apart from your technical expertise, you should have the necessary soft skills to become a successful data analyst. These skills include the ability to draw inferences and insights from large volumes of data, number-crunching, the knack for establishing patterns and relationships among variables, creativity, problem-solving skills, excellent report writing and presentation skills and communication skills.
What factors play an important role in determining the salary of a data analyst in Pune?
You can point your numbers to a fixed number when asked about the salary of data analysts in Pune or elsewhere. This is because like other profiles, the salary paid to data analysts too depends on various factors like the following:
- Level of job
A fresher in data analytics will definitely be paid lesser than a senior-level data analyst in any company. So, the first factor that determines the salary of a data analyst is the candidate’s experience. Here is the average salary based on one’s experience level:
- For Freshers – approximately Rs.3.5 to Rs.4.0 lac per annum
- For candidates with experience of 1 to 4 years – approximately Rs.5.0 to Rs.5.5 lac per annum
- For candidates up to 9 years of experience – approximately Rs.8 to Rs.9 lac per annum
- For candidates having more than 10 years of experience – approximately Rs.10.0 to Rs.15lac per annum
- Skills of the candidate
Even if you have bagged a good job in the data analytics department of a reputed company, you have to keep upgrading your skills regularly, as this can bring about a good pay increase for you. While the entry-level data analyst is paid about Rs.4.5 lac per annum, mastering all the analytics skills to be able to check the quality of the overall data can get you an annual pay of Rs.16,00,000 lac per annum.
If you have specialized knowledge in a particular skill like SQL, Tableau, Python, or MIS (Management Information System), you can earn an annual salary of anywhere between Rs.5.0 and Rs.6.5lac per annum.
- Based on Job Profile
Some of the most common job profiles of a data analyst are systems analyst, business analyst, financial analyst, etc. The nature of work involved in these profiles is vastly different, and therefore, these analysts are paid differently, even if they are at the same level. Here is how these different analyst profiles are paid: (all are approximate figures)
- Business Analyst – Rs.9.5 lac per annum
- Business Intelligence Analyst – Rs.7 lac per annum
- Data Analyst – Rs.6 lac per annum
- Reporting Analyst – Rs.6.5 lac per annum
- Financial Analyst – Rs.5. 3 lac per annum
- Systems Analyst – Rs.3.0 lac per annum
- Based on Company
Different companies pay their data analysts differently as the roles of these analysts are very different from one company to another. Here is the average industry pay (approximate figures) for data analysts at the same level.
- TCS – Rs.4.3 lac per annum
- Cognizant – Rs.5.25 lac per annum
- Wipro – Rs.4.5 lac per annum
- Capgemini – Rs.4 lac per annum
- Amazon – Rs.5.4 lac per annum
- Accenture – Rs.6.10 lac per annum
- Infosys – Rs.5 lac per annum
- Deloitte – Rs.6.45 lac per annum
You should equip yourself with all the basic data analytics concepts, and keep upgrading your skills at frequent intervals to get paid on par in your job.
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