By 2020, the amount of data generated by every human being every second will be 1.7 megabytes. With this, you can imagine the growth of data, and that is where a Data Scientist comes to the rescue by analyzing and organizing this data to provide business solutions. In this article, we will discuss the global Data Scientist salary and know why ‘Data Scientist’ is the sexiest job title of the 21st century. In fact, a data scientist can expect an average salary of Rs 693,637 (IND) or $91,470 (US) per year.
Before we delve into the details on data scientist salary trends, let us first have a brief outlook on various industry job trends.
Data Scientist Job Trends
According to the Harvard Business Review, a Data Scientist is “a high-ranking professional with the training and curiosity to make discoveries in the world of Big Data”. As data science is a vast domain, data scientists need to have a versatile skill set in their profile.
The below table illustrates the number of jobs in different locations in the US according to Indeed.com.
| STATE | NO. OF JOBS |
| New York, NY | 1813 |
| Seattle, WA | 1544 |
| San Francisco, CA | 1487 |
| Cambridge, MA | 936 |
| Boston, MA | 733 |
Data Science career opportunities will only shoot through the roof! As the world is turning towards data for all sorts of decision making, both start-ups and well-established companies like Cisco, Dell, VMware etc. are offering lucrative salaries to Data Scientist.
Data Scientist Salary Trends
According to Payscale.com, below are graphs depicting the average Data Scientist salary for India and US.
Data Scientist Salary (IN)
Data Scientist Salary (US)
According to Forbes, the number of Data Science and Analytics job listings is projected to grow by nearly 364,000 listings by 2020. Also, the productivity benefits that businesses analyzing data is estimated to be around $430 billion by 2020 over their rivals, who are not analyzing. This is quite evident as you might observe from the above illustration.
Data Scientists are responsible for many tasks in a business including analytics, building data products using programming languages like Java, along with developing visualizations and machine learning algorithms in Python or R. Because of this, the average salary package of a data scientist is Rs 693,637 (IND) or $91,470 (US) per year. Additionally, based on your experience and skill-set, companies can offer you up to $130,000 per annum.
Note: This may vary based on the company, geography, and experience.
In fact, companies do not weigh your professional background based on your years of experience if you are skilled in Data Science domain. You can observe that over 15% of data scientists that are being hired in India are fresh graduates. The number is even higher in the US. Refer the below plots to gain more insights:
Source: PayScale
Let me give you a few numbers based on the above factors as well:
Data Scientist Salary Based On Company:
I am listing down the salary offered to a Data Scientist by major companies who are actively hiring Data Scientists.
| Company | Salary |
| Microsoft | Rs 1,500,000/yr |
| IBM | Rs 1,350,000/yr |
| Accenture | Rs 1,055,500/yr |
| $135,000/yr | |
| Airbnb | $130,000/yr |
| Capital One | $106,000/yr |
Source: Glassdoor
Data Scientist Salary Based on Experience
Entry level Data Scientist Salary (IND):
| Compensation | Salary Range Per Annum |
| Salary | Rs 297,414 – Rs 1,195,066 |
| Bonus | Rs 2,004 – Rs 161,146 |
| Profit Sharing | Rs 0.00 – Rs 322,976 |
| Total Pay | Rs 306,054 – Rs 1,215,966 |
Entry level Data Scientist Salary (US):
| Compensation | Salary Range Per Annum |
| Salary | $61,598 – $122,827 |
| Bonus | $1,010 – $15,019 |
| Profit Sharing | $503 – $16,638 |
| Total Pay | $60,894 – $127,894 |
Mid-level Data Scientist Salary (IND):
| Compensation | Salary Range Per Annum |
| Salary | Rs 590,734 – Rs 2,070,477 |
| Bonus | Rs 1,030 – Rs 792,758 |
| Profit Sharing | Rs 95,000 |
| Total Pay | Rs 595,982 – Rs 2,506,994 |
Mid-level Data Scientist Salary (US):
| Compensation | Salary Range Per Annum |
| Salary | $74,623 – $140,210 |
| Bonus | $1,973 – $19,998 |
| Profit Sharing | $2,007 – $20,608 |
| Total Pay | $77,215 – $158,409 |
Experienced Data Scientist Salary (IND):
| Compensation | Salary Range Per Annum |
| Salary | Rs 972,106 – Rs 2,927,745 |
| Bonus | Rs 35,000 – Rs 400,000 |
| Profit Sharing | Rs 25,000 |
| Total Pay | Rs 972,106 – Rs 2,928,194 |
Experienced Data Scientist Salary (US):
| Compensation | Salary Range Per Annum |
| Salary | $78,424 – $157,653 |
| Bonus | $2,449 – $22,400 |
| Profit Sharing | $11,000 |
| Total Pay | $79,321 – $167,947 |
Source: PayScale
Well, I believe it is a known fact that for the same work people in different countries get different pay. Let’s see how much the salary of a Data Scientist varies based on the geography.
Data Scientist skills will fetch big career opportunities in Data Science. Here are the skills to become a Data Scientist.
Data Scientist Salary Based on Geography:
I am listing down the Data Scientist salary for the following major cities:
| City | Salary |
| Gurgaon | Rs 1,200,000/yr |
| Pune | Rs 736,976/yr |
| Mumbai | Rs 734,696/yr |
| Mountain View | $124,882/yr |
| San Francisco | $117,256/yr |
| Seattle | $116,898/yr |
Source: Payscale
If you are someone looking to get into an interesting career, now would be the right time to up-skill and take advantage of the Data Science career opportunities that come your way.
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