An understanding of consumer psychology, complex formulas, business acumen and programming are also necessary and desirable. Data scientists perform responsibilities like cleaning and organizing data, identifying valuable data sources, analysing large volumes of data to find meaningful patterns, and designing algorithms. The Educational Qualification for the field requires a BE/BTech and no coding experience is necessary.
Even with limited work experience or none at all, the field offers a salary ranging between 4 to 12 lakhs per annum (LPA) to certified experts and goes up to 60-70 LPA to professionals with five years of experience. The career has seen a 300% rise in demand since 2013 and 40% since 2019. Since, in today’s world, everything is data-driven, people with expertise and knowledge in managing data are highly appreciated and rewarded with the highest packages. With the rapid advancement in technology-based careers, this job profile brings a lot of promise and is significantly on the rise when it comes to demand. Want to know what the Top 10 Highest Paying Careers in India are? Then keep on reading! While there are some careers that pay well, it is important to recognize that the salary offered by different organizations and industries have different benchmarks and the salary one receives also depends on their educational qualifications, skills and experience. After investing years and years in Education, it is not surprising to want to work in areas that pay what you deserve.
While a career cannot be defined in terms of only monetary gains or salary, there is no denying that a job that pays well is a major attraction for most people.