What is the salary offered to data scientists in India in different companies?
The salary offered to data scientists in India can vary significantly based on several factors, including the company's size, location, industry, candidate's experience and qualifications, and the demand and supply of data scientists in the job market. While it is difficult to provide an exhaustive list of salaries for every company in India, we can provide an overview of the salary range offered to data scientists in different types of companies.
Multinational Corporations (MNCs): Multinational corporations operating in India typically offer attractive salaries to data scientists. Entry-level data scientists in MNCs can expect salaries ranging from INR 6 to 10 lakhs per annum ($8,000 to $13,500). Mid-level data scientists with a few years of experience can earn around INR 10 to 20 lakhs per annum ($13,500 to $27,000), while senior-level data scientists with significant experience and expertise can earn anywhere between INR 20 to 40 lakhs per annum ($27,000 to $54,000) or more.
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Indian IT Companies: Indian IT companies, including major players like Tata Consultancy Services (TCS), Infosys, and Wipro, also hire data scientists. The salary range for data scientists in these companies is slightly lower compared to MNCs. Entry-level data scientists can expect salaries ranging from INR 4 to 8 lakhs per annum ($5,400 to $10,800), mid-level data scientists can earn around INR 8 to 15 lakhs per annum ($10,800 to $20,300), and senior-level data scientists can earn between INR 15 to 30 lakhs per annum ($20,300 to $40,600) or more.
Startups and Small to Medium-sized Enterprises (SMEs): Startups and SMEs in India also employ data scientists, but the salary ranges can vary widely. Entry-level data scientists in these companies may receive salaries ranging from INR 4 to 8 lakhs per annum ($5,400 to $10,800). Mid-level data scientists can earn around INR 8 to 15 lakhs per annum ($10,800 to $20,300), while senior-level data scientists may earn between INR 15 to 25 lakhs per annum ($20,300 to $33,800) or more. However, it is important to note that these figures are approximate and can differ depending on the specific startup and its funding.
Research Organizations and Academia: Data scientists working in research organizations and academic institutions typically earn lower salaries compared to the corporate sector. Entry-level data scientists may receive salaries ranging from INR 4 to 8 lakhs per annum ($5,400 to $10,800), mid-level data scientists can earn around INR 8 to 12 lakhs per annum ($10,800 to $16,200), and senior-level data scientists may earn between INR 12 to 20 lakhs per annum ($16,200 to $27,000) or more. However, it's worth noting that these roles often provide other benefits such as opportunities for research and publications.
It's important to remember that the figures provided above are rough estimates and can vary depending on multiple factors. Additionally, these salary ranges are based on the market conditions as of my knowledge cutoff in September 2021. It's advisable to research current salary trends and negotiate with employers based on your qualifications and experience.
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