Entry-level data analysts are essential to the large field of data analytics because they provide the fundamental framework that firms seeking to use data must have to succeed. New hires must comprehend their earning potential and the range of things that influence it, with a special emphasis on entry-level data analyst salaries in India.
In this article, we will explore the Salary of a Data Analyst based on Roles, Locations, and other factors that affect the salary of a data analyst.
Average Entry-Level Data Analyst Salary
In India, the average yearly compensation for a trainee data analyst is ₹6,20,000 as of April 2024. The median salary for professionals starting a career in data analytics is seen in this figure.
- Range of Monthly Salary: Entry-level data analysts typically make between ₹45,000 and ₹55,000 per month, however this might vary. Depending on several variables we will cover later, some jobs may pay as little as ₹40,000, while others may pay as much as ₹60,000.
- Hourly Rates: Hourly rates are typical for contract or freelance data analyst work. In India, entry-level data analysts usually charge between ₹500 and ₹700 per hour on average. The exact project needs, the skill set required, and the type of engagement may all affect this pricing.
Data Anaysts Salary Based on Location
There are differences in pay possibilities across the many industries that the data analytics industry services. The following lists the typical yearly compensation for entry-level data analysts in a few of India’s well-known industries:
|
Industry |
Average Annual Salary |
|---|---|
|
Information Technology (IT) |
₹6,50,000 |
|
Finance and Banking |
₹6,30,000 |
|
Retail and E-commerce |
₹5,80,000 |
|
Healthcare |
₹5,50,000 |
|
Manufacturing |
₹5,20,000 |
|
Telecommunications |
₹5,80,000 |
|
Government Sector |
₹4,80,000 |
Comparing Data Analyst Salary With Other Roles
Let’s compare the entry-level data analyst pay to that of other popular entry-level jobs in comparable sectors to get some perspective:
Comparison of Data Analyst Salary with other roles
Data analysts make more money than those in positions like marketing associates and business analysts. But beginning pay for jobs like software engineer and financial analyst are around the same or a little bit more.
Data Analyst Salary Based on Experience
Data analysts at the entry level have a bright future ahead of them, with substantial room for pay development. Data analysts may rise to senior analyst jobs or specialized responsibilities, which come with greater wages, with experience and skill growth. The average pay for various career phases is shown below:
Data Analyst Salary Based on Experience
|
Years of Experience |
Average Annual Salary |
|---|---|
|
0-1 years |
₹6,20,000 |
|
2-4 years |
₹7,50,000 to ₹9,00,000 |
|
5-9 years |
₹10,00,000 to ₹15,00,000+ |
|
10+ years |
₹18,00,000+ |
Data analysts could anticipate a significant rise in pay as they develop their expertise and get more experience.
Factors affecting the Salary of Data Analyst
The pay for an entry-level data analyst in India is determined by a number of variables. Comprehending these components will enable prospective professionals to make well-informed job decisions and skillfully negotiate their pay contracts.
- Location: Earning potential is greatly influenced by one’s geographic location. Because they have greater cost of living and more concentrated concentrations of IT enterprises, metropolitan areas like Delhi, Bangalore, and Mumbai often provide higher pay. An entry-level data analyst in Mumbai, for example, would make ₹6,50,000 a year, while a tier-2 city might offer ₹5,50,000 for the same position.
- Company Size: An organization’s size may have an effect on future pay opportunities. Bigger businesses, especially multinationals, sometimes have stronger budgets and can pay competitive wages. On the other hand, beginning salary for small and medium-sized enterprises can be a little lower due to their potential resource limitations.
- Industry: The wage distribution across industries shows that certain industries pay more than others. Since data analysis is so important in the financial and banking sectors, for example, these industries often provide higher pay. Similar to this, the IT sector often pays top people attractive wages in order to draw them in.
- Education and Credentials: A person’s educational background and certificates are important factors in determining their pay. Higher beginning wages are often awarded to candidates with a master’s degree in a quantitative subject (such as computer science or statistics) or who possess specialist certifications (such as Certified Data Professional or Certified Analytics Professional).
- Skill Set: A data analyst’s prospective income is influenced by the particular skill set they possess. Strong foundation in statistical techniques, proficiency with analytics tools (e.g., Tableau, Power BI), and proficiency with programming languages (e.g., Python, R) are highly sought. The potential for greater pay increases with a more varied and sophisticated skill set.
- Experience: Although entry-level roles are our main emphasis, previous relevant experience might raise wage expectations. Internships, research projects, and part-time data analyst positions completed throughout an academic career, for example, may significantly enhance a candidate’s profile and lead to higher compensation offers.
Conclusion
The pay outlook for prospective data analysts in India is favorable, with competitive compensation available for entry-level roles. Because of the field’s dynamic nature and increasing dependence on data and technology breakthroughs, qualified individuals are in great demand.
As we’ve seen, a number of variables affect what people anticipate to be paid, and knowing these subtleties is essential for career planning and negotiating. It is anticipated that entry-level data analyst salaries in India would continue to be competitive, indicating the importance that businesses focus on efficiently using data.
Salary: Entry Level Data Analyst in India 2024 – FAQ’s
What is the typical monthly pay in India for a data analyst with no experience?
A. An entry-level data analyst in India makes, on average, between ₹45,000 and ₹55,000. But this may change based on things like the person’s skill set, industry, location, and size of the business.
What is the difference in pay between entry-level data analyst positions and other IT roles?
A. While entry-level data analysts may make less than those in specialized positions like machine learning engineers or data scientists, which sometimes required for more extensive training and experience, they often make significantly more than software engineers and business analysts.
What are some strategies for raising the possible compensation of an entry-level data analyst?
A. It’s important to have a solid fundamental skill set that includes statistics, analytics tools, and programming. Furthermore, adding real-world experience to your résumé via volunteer work or personal initiatives might help it stand out.
What is the salary range for entry-level data analysts in India compared to other countries?
A. Salary possibilities differ greatly across nations. In India, entry-level data analysts often make less money than their colleagues in the US, UK, or Australia, where starting wages range from $60,000 to $70,000 per year. When doing these kinds of comparisons, one must also take purchasing power parity and the cost of living into account.