Do you know, "What is data science course?" Data science courses illustrate techniques for extracting insights and knowledge from data. Data analysis is a fundamental component of data science, focusing on exploring and understanding data through statistical and visual methods. Let’s look into the exciting world of Data Analytics Careers in this digital age!
Over the past few years, organizations are becoming increasingly data driven. This is where the role of a skilled Analyst comes into the picture. With technological developments every day, the data analytics career is predicted to be in high demand in the upcoming years. With the help of data analytics, businesses get actionable insight to compete with others. Therefore, many businesses are focused on hiring skilled data analytics professionals.
The future of blockchain heavily relies upon data analytics career. Data analytics is a highly in-demand field with a huge scope in the coming years. If you want to make a career in data analytics, here is a well-curated guide for a career in 2023.
Why is Data Analytics an Essential Skill to Learn?
A data analytics professional collects, identifies, and analyses data to solve organizational problems. Data analysts are vital in the organization’s overall decision-making process. Data analytics has become one of the most important parts of many businesses. Hence, the demand for data analytics professionals is skyrocketing in the market right now.
Not only that but by 2026, the Indian data analytics industry is expected to grow up to $118.7 billion. Data analytics careers will grow massively, giving rise to new job roles. Also, data analytics career growth is very high. Apart from this, this field also attracts professionals with its handsome salary range. A data analytics professional's average annual salary is around $65,688 per annum.
Top Careers with Data Analytics Skills
As all organizations deal with massive data, data analytics has become crucial in the 21st century. Over the years, this field has grown so much that data analytics is no longer a general role. The rapid growth of data-driven organizations has led to various data analytic specializations. These specialized data analytics roles are discussed below:
1. Big Data Analyst
Big data analytics studies large data sets to find useful business insights. It helps uncover and analyze hidden trends and patterns to assist with business decision-making. Is big data analytics a good career? Everything about it is discussed below:
| Roles and Responsibilities | Conduct research
Mine and audit huge chunks of data
Find useful business insights
Assist in problem-solving
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| Salary Range | A big data analyst's average annual salary is around $82,471 annually. |
| Top Hiring Companies | Companies such as Accenture, Tata Consultancy Services, Genpact, Tech Mahindra, Fractal Analytics, Capegemini, Tiger Analytics, Absolutdata, etc., regularly hire skilled Big Data Analysts. |
2. Data Scientist
One of the most popular data analytics roles is Data scientist. It is everything about analyzing data to get meaningful insights.
| Roles and Responsibilities | Collect and analyze complex data sets
Identify future trends and patterns
Create data visualizations to communicate their solutions
Assist in the decision-making process
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| Salary Range | The annual average salary of a data scientist is $103,906 |
| Top Hiring Companies | Accenture, Deloitte, Amazon, Wipro, Flipkart, HCL Technologies, Oracle, Reliance Industries Limited, Paytm, Crayon Data, Mu Sigma, Myntra, etc., are the ones who hire Data scientists regularly. |
3. Business Intelligence Analyst
A Business Intelligence analyst is involved in helping organizations to make data-driven decisions by analyzing and interpreting complex data sets.
| Roles and Responsibilities | Collect and analyze data
Present data in an easy way
Help in the decision-making process |
| Salary Range | The salary of a Business Intelligence analyst is in the range of $87,751. |
| Top Hiring Companies | Companies such as Tata Consultancy Services, Capgemini, USEReady, Dell Technologies, Accenture, Wipro, Hewlett Packard Enterprises (HPE), IBM, Visual BI solutions, etc., are regularly hiring Business Intelligence analysts. |
4. Data Engineer
Data engineers are engineers responsible for creating reliable architecture and interface designs to collect and transform data from various sources.
| Roles and Responsibilities | Extract data from different sources
Evaluate and clean data sets to build complex data pipelines
Stitch all the data together
Create and expose data stores to analytical applications |
| Salary Range | The salary of a Data Engineer is in the range of $132,922 per year. |
| Top Hiring Companies | Companies such as Tata Consultancy Services, Capgemini, Infosys, Cognizant, Accenture, Tech Mahindra, Wipro, HCL Technologies, IBM, etc., regularly hire Data Engineers in India. |
5. Business Analyst
A business analyst analyzes and identifies business processes to implement changes to achieve better business goals. Being mostly focused on business-related fields, business analytics career opportunities are extremely.
| Roles and Responsibilities | Analyze the data models
Derive logical conclusions
Develop innovative solutions
Budget and forecast
Planning and monitoring |
| Salary Range | The average annual salary of a business analyst is around $83,527. |
| Top Hiring Companies | Companies such as Tata Consultancy Services, Fractal Analytics, Larsen and Toubro, VMware, Capgemini, Infosys, Cognizant, Accenture, IBM, etc., are regularly hiring Business analysts in India. |
6. Marketing Analytics Manager
A marketing analytics manager uses data analytics to optimize and process organizational marketing strategies effectively.
| Roles and Responsibilities | Collect and analyse the data
Use data to optimize the marketing campaigns
Provide vision and strategic direction for web
Led and managed the entire strategy for the web |
| Salary Range | The average annual salary of a Marketing Analytics Manager is somewhere around $116,699. |
| Top Hiring Companies | Companies such as PWC, Pepsi Co., UpGrowth, Mahindra and Mahindra, etc., regularly hire business analysts in India. |
7. Financial Analyst
Financial analysts are responsible for producing financial plans and reports to help the company make financial decisions.
| Roles and Responsibilities | Evaluate the company data
Examine the company’s financial statements
Studying the latest economics and business trends
Help the company in making investment decisions |
| Salary Range | A Financial Analyst's average annual salary is around $74,464 per year. |
| Top Hiring Companies | Companies such as Accenture, Deloitte, Amazon, Ernest & Young, American Express, JP Morgan, Citi Bank, etc., regularly hire financial analysts in India. |
8. Quantitative Analyst
A quantitative analyst applies mathematical and statistical methods to solve an organization's financial and risk management problems.
| Roles and Responsibilities | Research and examine the market trends
To Design quantitative models
To carry out regular statistical analysis |
| Salary Range | The average annual salary of a Quantitative Analyst is somewhere around $106,057. |
| Top Hiring Companies | Companies such as CRISIL, Credit Suisse, Barclays, HSBC, UBS, Morgan Stanley, American Express, JP Morgan, Citi Bank, etc., are regularly hiring Quantitative analysts in India. |
9. Risk Analysts
The professionals who help organizations with their technical risk management problems are called Risk analysts.
| Roles and Responsibilities | Analyze and identify risks
Find new solutions to reduce risk
Help the organization reach financial goals |
| Salary Range | The average annual salary of a Risk Analyst is $71,756. |
| Top Hiring Companies | Companies such as Amazon, Deloitte, Credit Suisse, Ernest & Young, Morgan Stanley, JP Morgan, Citi Bank, etc., regularly hire Risk analysts in India. |
10. Data Governance Analyst
They help organizations maintain safe and secure IT practices.
| Roles and Responsibilities | Administrate and test computer databases
Coordinate changes to the organization’s IT system
Identify, investigate, and resolve data problems. |
| Salary Range | The average annual salary of a Data Governance Analyst is $108,480 a year. |
| Top Hiring Companies | Companies such as Amazon, Ernest & Young, Volvo Group, Citi Bank, etc. regularly hire Data Governance analysts in India. |
11. Data Visualization Engineer
A data visualization engineer is responsible for designing and developing data visualization systems to help users quickly understand complex data sets.
Roles and Responsibilities
| Design, develop and maintain data visualizations
Present data in an easy format
Create dashboards and correct errors
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Salary Range
| The average annual salary of a Data Visualization Engineer is $96,852.
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Top Hiring Companies
| Companies such as HCL, IBM, Tata Consultancy Service, Accenture, Cognizant, Infosys, Wipro, etc., regularly hire Data Governance analysts in India.
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How to Pursue a Career in Data Analytics?
The Data Analytics career scope is extremely high in today’s modern era. If you are looking forward to pursuing a career in Data Analytics, you can start with a Bachelor’s degree in Statistics, Mathematics, Computer Science, Business, or Economics. Other than this, you can also get into this field by opting for a master's degree for a specialized role. You can also opt for a Data Analyst Bootcamp course from KnowledgeHut.
Top Certifications to Get for a Successful Career in Data Analytics
Data analytics has enormous job opportunities and is expected to grow massively in the near future. With so many opportunities growing rapidly, getting a Data analytics certification is the best way to succeed. The certifications not only help you to gain skills but also help you to stand out in the eyes of employers. It helps you chase your dream job successfully.
KnowledgeHut Upgrad offers you different Data Analytics Certifications specializing in Data Science, Business Analytics, Business Intelligence Analytics, Data Engineering, Data Science with Python course, etc. We also offer a Post Graduate Diploma in Data Analytics, which helps you to lead a successful career in the field. Here, you will get the proper guidance from industry experts and massive job opportunities.
The Bottom Line
Skilled data analytics professionals have become increasingly important in today’s internet era. The demand for skilled data analytics professionals is very high right now. Therefore, getting a data analyst certification should be your top priority if you want to become successful data analytics professional. There are ample opportunities with many certifications specializing in almost every data analytics field.
At KnowledgeHut UpGrad, you have many options to choose from. Depending on your budget and needs, you can opt for a certification.
