Businesses are in dire need of increasing data literacy and enjoy the advantages of data analytics. According to IDC, around 175 zettabytes of data are to be generated by 2025, that can be analyzed and processed by trained professionals.
Individuals from all over the world are grabbing the opportunity by investing in the data science certification program and learning data analysis and data science skills, making this field a whooping career option.
Before jumping to any conclusion, you must know about the salary trends of data analytics fields. Let’s first have a look at the average salary of data analysts according to data science skills and experience in the data science industry.
Data Analyst Salary According to Experience
Like any other job profile, the salary of a job position depends upon factors like skills, location, niche, etc. However, it’s safe to comment that a career as a data analyst is highly lucrative and can offer a good salary right from an entry-level position.
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Average Salary of Beginner-Level Data Analyst
Professionals with less than one year of salary can expect to get around $56,590 per year, according to the PayScale report. These numbers are expected to grow in the coming four years.
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Average Salary of Mid-Level Data Analyst
With 3-5 years of experience, professionals can expect to earn around $69593 in the US in a year. Depending upon industry and location, these numbers can change minorly.
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Average Salary of Senior-Level Data Analyst
According to Payscale reports senior data scientists and data analysts can earn around $132,186 in the US. Experts claim that with high-level skills, an individual can cross this number.
With this, let’s come to the question of which industry pays the highest salary to data analysts.
Which Industry Pays the Highest Salary?
The demand for skilled data analysts is high across every industry, providing fair salary benefits to professionals. The top industries that pay the highest salaries are IT, entertainment, manufacturing, etc. Let’s see some numbers for the same according to PayScale.
- The average salary in the entertainment industry is $70,000 per year.
- In the finance industry, data analysts brag around $65,000 every year.
- The average salary in the energy and mining industry is 63,000$.
- The healthcare industry comes next at 62,200$ per year.
In the top industries mentioned above, data analysts with skills like data visualization, data science, and machine learning can expect financial growth in terms of numbers.
Apart from industries, the location of work plays a major role in deciding the salary of professionals. Cities in the US like Washington, Charlotte, Santa Clara, California; North Carolina, and D.C. have the highest paying salaries in the field.
While these salaries require huge skills, here’s how you can get a better salary.
How to Get a High-Paying Data Analyst Job?
How can one get better pay with the right data science skills? The answer lies in selecting the right path while starting the journey or upskilling.
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Get Certified
Kickstarting a journey or upskilling with the right certification program will take you on the right path. Becoming a data analyst requires technical skills which data management programs and famous institutes like USDSI®, Harvard, and MIT can provide best with project-based learning.
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Specialization
It’s better to be a master of one trade than to be a jack of all trades. Consider working as a data analyst for a few years to gain experience and get a master’s degree. After building the proper foundation, specializing in a field will let you get higher pay for a data analyst role.
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Work Location
As mentioned above, certain cities in the USA pay higher salaries as compared to others. With the right skills, you can consider applying for jobs in selected cities to increase your chances of getting better pay.
Apart from these, the last critical factor is to stay updated with the latest industry trends & insights. Data analytics is an evolving field with new updates, trends, and information coming every few days. Research new tools and languages and widen your knowledge.
Move Towards High Paying Job as Data Analyst
Skilled data analysts are offered varied roles, from senior data scientists to data architects and engineers. With the salary insights mentioned in the guide, you can predict the growing demand in the field. Based on these understandings, it’s your turn to invest in a data science certification program and get the opportunity to build a highly rewarding career. Make an informed decision today!
