Forbes reported that 92 percent of enterprises are using data and analytics to gain greater insights into marketing. And if you’re looking for a new career opportunity becoming a data analyst is where you should be.
For instance, just imagine the amount of that a single marketing campaign can result in. What does all this data mean? What’s important and what can be discarded? What does this information say about the performance of a particular campaign? How can this data help for future marketing plans?
These are just some of the many things that a data analyst determines. They are trained to spot patterns, collaborate with others, create reports, collect data and set up infrastructures, and other essential tasks. Most companies these days see the value in data analysis and are in need of qualified data analysts to make meaningful sense of the data.
Most businesses deal with a massive amount of data. Pick any organization, and you’ll find how highly it is dependent on data for its continued success. And that’s a solid reason why it’s important for organizations to have data pros that can analyze the loads of data - rising salary potentials of data analysts like never before!
Read more: What Does a Data Analyst Do?
Rising Data Analyst Salaries
These days, just about every business operation is backed by numbers. From sales to marketing campaign efforts, the information extracted from all this data narrates a story. It provides much-needed insight and can give businesses a better idea of what worked well, what didn’t, what to do differently in the future and what to be consistent with. With the right data, businesses can make more informed decisions.
However the data analysts salaries vary depending on various factors like
- Country / Geography
- Size of the organization
- and sometimes the seasonality too
Data Analyst Salaries by Country
One of the biggest perks about working as a data analyst is that they’re in high demand around the world. If you don’t want to be tied down to a specific city, or even just to one country, working as a data analyst can offer you that freedom and flexibility.
Knowing about the average data analyst salaries in different countries ahead of time can be helpful, especially if you’re thinking about relocating. Average base salaries* in some of the top-paying countries around the world include:
- Average annual data analyst salary in India: Over ₹9,50,000
- Average annual data analyst salary in USA: Over $65,000
- Average annual data analyst salary in United Kingdom: Over £27000
- Average annual data analyst salary in Canada: Over C$56000
- Average annual data analyst salary in Australia: A$82K
- Average annual data analyst salary in Singapore: S$55K
- Average annual data analyst salary in Germany: €45,338
- Average annual data analyst salary in Denmark: DKK 881,794
- Average annual data analyst salary in Malaysia: RM 44127
Note: It’s also important to consider that while these are the base averages for various countries as a whole, they will also vary considerably based on the city.
Data Analyst Salary by Industry
Another advantage of working as a data analyst is the fact that so many different industries are employing data analysts. After all, most businesses these days make data-driven decisions, and qualified data analysts are needed to help with the process.
However, in case, you’re torn about what industry to pursue, average salaries might help you in the decision-making process. LinkedIn has identified the following as the top-paying industries for data analysts, along with average annual salaries in the United States:
- Natural Resource and Mining
Average annual Data Analyst salary: $107,000 - $117,000
- Scientific, and Technical Services
Average annual Data Analyst salary: $80,408
Average annual Data Analyst salary: $74,000 - $79,000
Average annual Data Analyst salary: $70,000
- Hardware and Networking
Average annual Data Analyst salary: $67,000
- Software and IT services
Average annual Data Analyst salary: $65,000
Average annual Data Analyst salary: $65,000
- Energy and mining
Average annual Data Analyst salary: $63,000
Average annual Data Analyst salary: $55,000 - $59,000
Although these are the averages for data analyst salaries in some of the top-paying industries, keep in mind that some companies also offer average annual data analyst salaries that surpass these amounts.
Data Analyst Salaries by Experience
Experience is an essential factor that determines the salary, irrespective of the profession and the industry, and that stands true for data analysts salaries too! Here are the average annual data analyst salaries based on experience-level:
- An experienced, senior data analyst earns from ₹831K to ₹1,573K annually!
- An entry level data analyst earns over ₹400K annually.
While salary is certainly an important factor to consider when deciding what industry to work in, it’s also essential to consider what industry would interest you the most. The great thing about working as a data analyst is that because so many industries employ data analysts, there are a lot of options. This means more opportunities throughout your career and the chance to always change things up and challenge yourself.
The Ultimate Way to Grab the Best Data Analyst Salaries
With more people recognizing the lucrative and exciting industry of data analysis, roles are becoming more competitive. Receiving adequate training is not only essential for ensuring your success as a data analyst, but for standing out amongst the competition. In other words, getting certified in this field can be a great way to learn the skills you need, while also adding an impressive credential to your resume.
At Simplilearn, we’re always on a mission to provide our learners with top-of-the-line instruction and the best online learning experience. That’s why we have collaborated with Caltech University to bring to you PGP Data Science Program. What makes this course so unique is its quality content and exclusively crafted learning materials, and the best one - masterclasses that you get from the Purdue faculty. Upon completion of the program you will not only learn all the skills needed to master data analysis, but will be fully prepared to accelerate your career as a data analyst, and not to forget - grab the best data analyst salaries out there!