Data Analytics For Professionals career : Paths, Opportunities & Earnings

With the world becoming progressively computerised, a career in Analytics is one of the most prevalent professions for those who love to polish data and arrive at a solution to a problem. Having a position in Analytics opens up various avenues and a chance to work with advanced technology and tools. Analytics needs a natural affinity to numbers, and technologies and a skilled problem-solving attitude. In recent years, Data Analytics has gained momentum and is in constant need of skilled analysts.  

• Research conducted by AIM (Analytics India Magazine) Research in June 2021 shows a 47.1% increase in the positions open for Analytics.  
• According to the US Bureau of Labour Statistics, the requirement for data analysts is predicted to increase by 23% by the end of 2031.  
• Forbes magazine says that data Analytics is opening up strong opportunities for startups, individual business people and people who run small businesses.  
• As AI is increasingly being preferred by non-tech companies, it is expected that the requirement for data scientists and machine learning engineers will grow by 28% in the next decade. 
• The sector of Analytics has seen a strong hike of 34.6% in 2022, where the market value has touched USD 61.1 billion. This is expected to increase further to USD 201 Billion by the end of 2027.  

Also Read: Data Analytics Overview

Top Careers in Analytics  

Apart from the above demographics, various statistics point towards a career in Analytics as being one of the most progressive career paths. Analysts are sought by not just industries and companies that are oriented towards technology. There are many other sectors that, in one way or the other, need the expertise that comes with data analysis. Apart from this, Analytics also help in sorting and streamlining the multitude of data that is presented by the clients.  

Data analysts are generally very good with numbers and the latest technological advancements. Some of the top careers in the Analytics industry are listed below:

• Data Analyst  

It is one of the positions that is required in every industry. As the main role of a data analyst is to look through and analyse the data of the company to get a specified value, it is in high demand. Once the data analysts are absorbed into a specific industry, they take the role that is given to them. For example, if an analyst is in the healthcare industry, then she/he will be designated as a healthcare analyst. Similarly, each industry’s data analysts have a unique role in extracting information through the industry’s data. The data analyst needs to be skilled in programming, and statistics and can visualise the data provided.  

• Consultant  

A data Analytics consultant does a similar job to that of any other consultant. The primary role of a data Analytics consultant is to provide well-studied advice to the company that will enable them to have different perspectives and a better plan of approach for development. The position of a data Analytics consultant is not unlike the one of a data analyst. Data Analytics consultants have the liberty to provide consultation to more than one company at the same time. Hence, consultants need to be very focused on the data of the various companies and work with clarity for each company they provide service for. 

• Marketing analyst  

With everything becoming digitised, the marketing sector is also seeking the service of data analysts to monitor their investments. Widely, the digital marketing sector uses standard available tools from the internet. But, for bigger projects, the marketing personnel prefer marketing analysts to provide them with valuable insights instead of online analysing tools. The position requires the ability to think from a variety of aspects and the ability to come up with smart ideas that will help the client in their marketing.  

• Data Engineer  

Data engineers work holistically to transform scattered data into comprehensible and analysable information. This data is further processed and used by others like data analysts and marketing analysts. They source and compile data from a variety of places. They have multiple roles like maintenance, design, and creation, all to be used with the data they compile. The engineers must know many tools, programming languages, cloud computing statistics and data visualisation. 

• Operations Analyst  

Operations analysts also have the choice of working as data consultants for many companies. The Analytics is done at the operational level, as the name suggests, the work is done with the primary focus on the running of the business that is in the inner framework. Usually, it is expected that the operations analyst has a good understanding of maintaining a business. Anything related to business, like manufacture, production or distribution falls under the responsibility of the analyst. As business is a worldwide presence, it is very easy for operations analysts to find a position that suits them.  

• Financial Data Analyst  

Financial data analysts are an important part of the company or business because they help clients in making well-informed decisions and make smart and valuable investments. They need to gather and pool a lot of data on the contemporary market situation, product value and the financial ability of the client. Providing optimum insight that suits the clients is very crucial for financial data analysts. Analysts need to have excellent statistical, mathematical and strong analytical skills. Financial analysts are required in many places like large companies, government projects, and other sectors where investment is involved.  

Also Read: Data Analytics Courses

Analytics Career Scope in India  

After UG and PG degrees in Data Analytics, the career prospect is positive and easily available. As India is now gradually progressing, one of the supporting and impactful pillars of support is digitisation. This has made the sector of Data Analytics more valuable and equally competitive. After either having a UG or PG degree in Data Analytics, a person can work in any of the companies in the position they have specialised in. Be it startups, small businesses or crucial government projects, the need for skilled analysts is always on the rise. Some of the popular careers in Analytics are data analysts, data scientists, data engineers etc.  

Choosing one of the above and many other careers in Analytics that are available will truly be beneficial for the person who aspires to work in this field. Financial data analysts, risk analysts, data journalists and business analysts are some more positions that are more promising. Some of the industries that have a high demand for Analytics are :

• Banking sector 

Data Analysts in the banking sector provide major support to its smooth functioning. The Analysts work on various areas of banking like Risk analysis, Fraud, and keeping track of NPA and also contribute significantly to marketing, HR, performance and much more.  

• Pharmaceuticals and healthcare industries  

In the pharma and healthcare industries, the role of analysts is to compile and monitor the supply and demand of the drugs produced by a particular company. They also work closely with healthcare and manage the data of patients, feedback from the doctors and the response to drugs. 

• Government agencies 

Data analysts play a major role in the government sector because they convert the collected data into analysable data that would be useful for any projects like schemes, census and large projects. apart from this the analysts also help in detecting fraud, and tax evasion and protecting the database from cybersecurity threats.  

• Transportation  

Data Analytics is now being preferred by a lot of transportation companies. The analysts help the company in keeping track of any issues that might hinder the transportation schedule like strikes, repair works and traffic incidents. This predictive analysis helps in forming a plan fast with the data available and approaching different decisions

• Education  

Data Analytics plays a major role in developing and adopting new pedagogic methods for the benefit of students. Analysts help teachers to make better decisions based on the previous performances of students.

Also Read: Data Analytics Syllabus

Average Salary Based on Job Positions  

A career in Analytics is one of the most promising jobs where there is always a chance for development and improvement. As the analyst gains experience, their value and service will be in demand. It is predicted that a lot of opportunities will be available for analysts owing to the increase in preference of industries over online Analytics.  

As analysts are very valuable in providing insights and helping clients with taking a decision that is good for the company, the sector is very competitive but rewarding. The table below gives the annual salary package for various positions in a career in Analytics.  

Job Position	Average package Per Annum (in INR)
Business analyst	6,07,700 LPA
Data scientist	8,13,000 LPA
Data Engineer	8,56,600 LPA
Financial analyst	5,50,000 LPA
Technology analyst	6,70,000 LPA
Data analyst	4,50,000 LPA

The salary packages given in the table are average placements packages that might change as per the recruiting company’s norms and they might also vary from one institution to another.  

Top Recruiters for Analytics graduates  

A career in Analytics is one of the sectors where there is a growth in the need for skilled analysts in different companies and industrial domains. This makes Analytics a very versatile and valuable career choice. As analysts help provide helpful insights that are very much needed in different aspects of each type of data, it will always be an upward curve of demand and development for their service.

Some of the top recruiters in the field of Analytics with good annual salary offers for graduates are  

• Deloitte  

• Amazon  
• Accenture  
• Linkedin  
• Flipkart  
• BAJAJ Allianz  

• Reliance  
• Excide Life Insurance  

The above-mentioned companies are some of the top recruiters of analysts across educational institutions in India. Apart from the ones mentioned above, there are much other government and private agencies that recruit analysts based on eligibility criteria and other requirements.

Top Analytics Colleges for Placement  

There are many colleges and universities in India that offer very rewarding placements with good salary packages for students who complete either their undergraduate degree or postgraduate degree. Once the placements are done for the year, each institution will release statistics of the top companies that have visited them and the highest package that was offered for the students in that fiscal year.  

The table below provides the educational institutions that offer a good career in Analytics during placements:

Name of the College/University	Average Annual CTC (in INR)
Christ University	6,20,000
Amity University	5,00,000
Presidency College	4,50,000
St.Xavier’s College	4,00,000
Chandigarh University	6,50,000
Jain Deemed-to-be University	6,00,000
St.Joseph's College	3,50,000
Vellore Institute of Technology	5,50,000
Jawaharlal Nehru University	7,90,000
Dr MGR Educational and Research Institute	5,00,000

Also Read: Popular Colleges for Data Analytics

How to Get a Job After Completing Analytics Course? 

A career in Analytics is a pretty longstanding one because there will always be requirements for analysts in various sections of a company or industry. This is not just related to digitalisation, but also various other factors like an increase in startups, business, advancement in technologies and also consumerism. So, being well prepared and well equipped with the required specialisations will be very helpful in the time of applying for the analyst position.  

There are thousands of opportunities that are available on the internet. One needs to be careful so that they don’t apply to false portals. An important pre-application thing to do is to prepare a well-written resume and cover letter. The resume should include all the potentially important skills or experiences that are relevant to the job.  

Apart from online portals and forums, magazines and newspapers become another source of great opportunities. These are important because a lot of job vacancies posted in the newspapers will be from government projects. Hence, checking the daily newspapers and some magazines will help in keeping up with the vacancies.  

Top Indian Cities to Get Lucrative Jobs After Analytics  

• Bangalore : Bangalore is called the ‘IT Capital of India’ and rightly so! Bangalore is the hub of Analytics. As the startup trend is increasingly becoming widespread, the need for analysts, especially data analysts is also getting increased. BTM Layout and Whitefield are two of the most popular IT localities, where there are higher chances of getting an analyst position. The average salary for analysts in Bangalore is around INR 8,00,000 LPA.  

• Gurugram : DLF Cyber City in Gurugram is another place similar to Bangalore. It is an IT hub where a lot of popular startups are based. Hence, being famous for startups, naturally, there are a lot of opportunities for analysts not just for data, but also for risk analysts and financial analysts. Gurugram is progressively becoming a city which has a lot of demand for good analysts. The average salary for analysts in Gurugram is around INR 7,50,000 LPA.  

• Chennai: Chennai is famous for its companies like TCS, Accenture and Deloitte. The city is now becoming famous for its strong standing in the IT sector. There are also a lot of vacancies and opportunities for analysts. The average salary for analysts in Chennai is around INR 9,00,000 LPA. 

• Pune: Pune, in recent years, has also gained recognition for being one of the top cities in IT and Analytics apart from being known for its history. Just like any other city, Pune is home to a lot of startups. As it is expected that more startups will be set up in future, there is and will be a great demand for analysts in Pune. The average salary for analysts is around INR 6,00,000 LPA.  

• Hyderabad: The city has one more feather in its crown apart from its fame for its beautiful pearls. It is an IT hub and startup culture is taking its roots here. Hence, there are a lot of opportunities for analysts. What's more, Amazon has made Hyderabad its location for one of its biggest campuses. DLF and Raheja IT Park are some of the famous IT parks present there. The average salary for analysts in Hyderabad is around INR 7,00,000 LPA.  

Life After Completing Analytics 

As seen above, it is true that as long as business ventures grow and companies expand, the trajectory for a career in Analytics will only grow. There is no uncertainty that there might be a decrease in demand for Analytics. With the right and necessary skill set and genuine curiosity to learn, many agencies and companies will be willing to offer positions as analysts in their ventures.  

It is highly sought after because it needs a lot of focus and dedication. Moreover, the values obtained from the data that have the potential to develop the company are interpreted by the analysts only. 

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