7 Most Rewarding Careers in Data Science

Nikita Joshi

Content Curator

Data science is the career of the century. Organizations are now transitioning and using data science tools and techniques to make better business decisions. 

Data Science is everywhere. Not only as a stand-alone profession but it is also required in multiple domains such as Business Analytics, software development, Finance, healthcare, etc. The various job roles to look for in the field of data science are mentioned below.

1. Data Scientist

A data scientist works on collecting business-related data from various sources and analyzing it to get an idea of the performance of any organization. They use statistical tools, Machine Learning algorithms, and various AI tools to automate a variety of processes to solve business problems.

A data scientist can expect to earn INR 5 - 6 lakhs annually as a fresher. Data scientists with more than 4 years of experience can expect INR 8 - 10 lakhs annually.

2. Data Analysts

A Data Analyst’s role is to turn raw data into useful information or insight. This insight is further looked upon by the management team to solve problems related to business. They make use of various Data Analysis tools to identify any type of patterns or insights from data. 

A data analyst can expect to earn INR 3.5 - 4 lakhs annually as a fresher. Data analysts with more than 5 years of experience can expect INR 7 - 8 lakhs annually.

3. Data Engineer

Data engineers are responsible for constructing a database and its overall architecture. They help data scientists to set quality standards, check errors, and establish dataset procedures that help with data processing, Data Mining, and production.

A data engineer can expect to earn INR 4.5 - 5 lakhs annually as a fresher. Data engineers with more than 5 years of experience can expect INR 7 - 8 lakhs annually.

4. Machine Learning Engineer

Machine learning engineers develop algorithms that enable various models or machines to identify a certain pattern or insight from data. They work with Big Data and feed data into models that are developed by data scientists; hence, data scientists and machine learning engineers work together to identify patterns from datasets.

A machine learning engineer can expect to earn INR 5 - 6 lakhs annually as a fresher. Machine learning engineers with more than 4 years of experience can expect INR 7 - 8 lakhs annually.

5. Business Analyst

Business Analysts are expected to recognize business requirements, work on a dataset to identify the same, and derive solutions. They are also required to give some innovative solutions to bring a change in the strategy and operations of the organization.

A business analyst can expect to earn INR 4 - 5 lakhs annually as a fresher. Business analysts with more than 5 years of experience can expect INR 7 - 8 lakhs annually.

6. Database Administrator

Database administrators are responsible for the configuration and smooth functioning of any database system. They are expected to develop backup systems for the maintenance of data and make it accessible to other parts of the organization. 

A database administrator can expect to earn INR 2.5 - 3 lakhs annually as a fresher. Database administrators with more than 5 years of experience can expect INR 8 - 9 lakhs annually.

7. Statistician

Statisticians are responsible for collecting various types of data such as demographic, historical, or health data. They are also expected to identify any kind of changes, patterns, or possible predictions based on the dataset. Overall, they help in data collection and decision-making.

A statistician can expect to earn INR 4 -5 lakhs annually as a fresher. Statisticians with more than 5 years of experience can expect to earn INR 9 - 10 lakhs annually.

According to the Harvard Business Review; Data Scientist is a “high-ranking profession with the curiosity and training to make discoveries in the world of Big Data”. The career opportunities in the data science field are limitless. Professionals with data science skills will continue to benefit from the revolution.