India is expected to witness 1.5 lakh jobs opportunities for data scientists this year — which is an increase of about 62 per cent from 2019, led by the BFSI (banking, financial services and insurance), IT, manufacturing, healthcare, and e-commerce, reveals a new report.
Presently, 70 percent of job postings are for data scientists with less than five years of work experience and data science professionals, in a separate survey, claimed that the BFSI sector offers the highest average salary to them.
According to ed-tech company Great Learning, the average salary of data science professionals in the BFSI sector was 13.56 lakh per annum, followed by manufacturing at 11.8 lakh per annum and healthcare, also at 11.8 lakh per annum last year.
“With vast quantities of data being generated, the data science vertical is key to mining actionable insights for businesses. These has resulted in professionals acknowledging the scope of this field, and are working towards upgrading skills to meet the demand. 2020 is set to be a big year for data science in India,” said Hari Krishnan Nair, Co-founder, Great Learning.
In 2019, nearly 97,000 jobs related to analytics and data were vacant owing to dearth of qualified talent.
“While the current analytics talent, especially at senior levels, have migrated from IT, the next generation will be expected to have specialized skills in data across all prominent industries making upskilling mandatory for a role in the new economy,” the report stated.
In the contemporary scenario, there are four unique career paths that have emerged in the country, with entry-level job roles being data scientist, data analyst, data engineer and business intelligence developer.
For the study, a survey was conducted over working professionals in the field of data science with 46 percent of respondents being executives, 17 percent managers, and senior managers (8 percent), among others.
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