Data science is the art and science of extracting insights from large and complex data sets. According to statistics, data science is one of the most sought-after and rewarding careers in the 21st century. The reason is that data is becoming the new oil of the digital economy. If you want to become a data scientist, you may have a lat of questions on your mind, like what is a data science salary in Hyderabad. We will answer this question in this article. Read on to know more.
Data scientists are in high demand in many industries and sectors, like e-commerce, healthcare, finance, education, and entertainment, to name a few. As a data scientist, you need to have a combo of skills and tools. With these resources, you can collect, clean, process, analyze, and communicate data effectively.
Skills and tools that data scientists use
Given below is a description of some common tools and skills that today’s data scientists use. However, this is not a complete list of resources used by data scientists.
- Programming languages like Python, R, and SQL
- Data analysis and visualization libraries like pandas, numpy, matplotlib, and seaborn
- Machine learning and deep learning frameworks like scikit-learn, TensorFlow, and PyTorch
- Cloud computing platforms like AWS, Azure, and Google Cloud
- Data engineering tools like Apache Spark, Hadoop, and Kafka
Salary of a data scientist in Hyderabad
The average salary of a data scientist in Hyderabad is based on a lot of sources and factors. We will compare and contrast the salary ranges and trends of data scientists in Hyderabad with other cities and countries. The idea is to help you make an informed decision. So, you want to be on the safe side.
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After reading this article, you will have a clear idea of how much you can expect to earn as a data scientist in Hyderabad and what you can do to boost your income.
The average salary of a data scientist in Hyderabad
According to Glassdoor, the average salary of a data scientist in Hyderabad is ₹10,00,000 per year, with a range from ₹4,00,000 to ₹25,00,000. This is based on 902 salaries submitted anonymously by data scientist employees.
The average additional cash compensation for a data scientist in the city is ₹1,57,000, with a range from ₹54,600 to ₹7,67,810.
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Indeed reports a similar average salary of ₹9,96,000 per year based on 1,017 salaries submitted by data scientist employees and users. The typical tenure for a data scientist in Hyderabad is less than one year.
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AmbitionBox gives a slightly lower average salary of ₹8,00,000 per year, based on 2.9k salaries received from data scientists. The salary is between ₹3.4 Lakhs to ₹20.0 Lakhs.
As you can see, the salary of a data scientist in Hyderabad varies based on the source and the sample size. However, all sources agree that the salary is above the national average of ₹7,50,000 per year for data scientists across the country.
Factors that affect the salary of a data scientist in Hyderabad
Now, let’s talk about some major factors that affect the salary of a data scientist in Hyderabad.
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Experience level
As expected, the more experience you have as a data scientist, the higher your salary will be. According to Glassdoor, the average salary for a senior data scientist in Hyderabad is ₹20,00,000 per year, while the average salary for a senior data scientist is ₹24,00,000 per year. This shows that there is a significant jump in salary as you move up the ladder in data science.
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Company
The company you work for plays a role in determining your salary as a data scientist. Some of the top companies for data scientists are Microsoft (₹19,00,000 per year), Jio (₹19,99,156 per year), Amazon (₹17,93,474 per year), and Micron Technology (₹16,16,467 per year).
As a matter of fact, these leading tech giants and multinational corporations offer competitive salaries and benefits to attract and retain talent.
Industry
The industry you work in influences your salary. Some of the industries that pay well for data scientists are e-commerce (₹12,00,000 per year), healthcare (₹11,00,000 per year), finance (₹10,50,000 per year), and education (₹10,00,000 per year). These industries have a high demand for data-driven solutions and innovation.
Location
The location you work in affects your salary as a data scientist. Hyderabad is one of the major IT hubs and has a lower cost of living than other metro cities like Mumbai or Bangalore.
Therefore, you can enjoy a higher standard of living and save more money as a data scientist in Hyderabad. But keep in mind that if you compare your salary with that of professionals from other countries like the US or UK, you will find that there is a huge gap.
According to Glassdoor, the average salary for a data scientist in the US is $113k per year (₹83 Lakhs), while the average salary for a data scientist in the UK is £40k per year (₹40 Lakhs).
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How does the salary of a data scientist change over time? According to Glassdoor’s Salary Trends report, the average salary for a data scientist in Hyderabad has increased by 6% from April 2022 to April 2023. This indicates that there is a positive growth and demand for data science skills and jobs in Hyderabad.
Data Science Placement Success Story
Long story short, the salary of a data scientist depends on various factors like experience level, company, industry, location and time period. The average salary is above the national average and has increased over time. However there is still room for improvement when compared with other developed countries.
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