1 month ago
Business DescriptionThe demand for Data Scientists is predicted to increase by 30% by 2021. With the inclusion of Cloud and IoT technologies, there has been an exponential growth of data that has led to the expansion of roles for data scientists in the field of Machine Learning and Big Data technology. In the times to come a Data scientist role will not be just subjected to technical aspects but will rise to more of a collaborator and a facilitators role. An entry-level fresher earns around Rs.4.0 lakhs. And if he decides to stay put for another 5 to 10 years on the job, he gets a handsome promotion to the Rs 7 to 11 lakhs per annum layer. If he persists and dedicates a lifetime to growing in his career he can garner anywhere from 25 lakhs to a whopping one crore per annum.
In India, Data Scientists have 4 job hops in 8 years with a 2-year tenure with each employer. They normally get a 60-100% salary increase on job changes. First, the aspirant joins as an intern or in a Junior position and then moves on to becoming a Senior Data Scientist. After this, he gets elevated to the Principal position and finally heads as Chief Data Scientist of the company. The top employers in Data Science are IBM, Accenture, JPMorgan Chase, Amex, McKinsey & Co, Impetus, Wipro, and Microsoft. Accenture offers the highest salary of Rs.19.6 lacs per annum.