Senior Data Scientist Salary : How Much Will You Make in 2024?

Want to know how much a senior data scientist is worth in 2024? Refer to our Ultimate Senior Data Scientist Salary Guide.

Senior Data Scientist Salary : How Much Will You Make in 2024?
 |  BY ProjectPro

If you’re looking to get hired in an entry-level data scientist job or have just gotten a few years of data science experience under your belt as a senior data scientist, one of your motivations for upskilling might be the higher than average senior data scientist salaries that you can earn across many companies worldwide. And that definitely makes sense! 

So what do you do if you’re not making as much a senior data scientist salary as you hoped for? Well, the best way is to negotiate your salary by selling the exceptional data science skills you bring into the table. Wait, much before that it is important to understand how much you will earn as a senior data scientist.


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But let’s put first things first to understand what a senior data scientist does at any organization.

What does a Senior Data Scientist Do? 

A senior data scientist leverages data to shape the direction in which an organization grows by directing the efforts of entry-level and mid-level data scientists as they lead various data-driven projects. A senior data scientist is expected to have a complete understanding of the context and domain of the project and is held directly responsible for the success of any data science project.

An entry-level data scientist is expected to have good fundamental knowledge in data science. They are expected to conduct tasks delegated by the senior data scientists. Apart from technical skills, a good understanding of the business domain is also handy. A mid-level data scientist has a good grasp of the techniques used in data science projects and has some hands-on experience working on projects. They are also part of the decision-making and strategizing in projects. A senior data scientist has a working knowledge of the techniques and concepts used in data science along with a deep knowledge of their drawbacks. Senior data scientists are project leaders and not only are they part of the decision-making and strategizing process, but they also lead it. They communicate with the business team and take into account the non-technical aspects that influence the project. 

Average Senior Data Scientist Salary Trends

senior data scientist salary

A data scientist is of immense value to an organization. But finding a person who can excel at all the tasks required of a data scientist is challenging. Also, the competition to hire these professionals is fierce. This has resulted in employers being willing to pay skyrocketing paychecks to data scientists. A data scientist’s salary depends on several factors. A senior data scientist’s salary is directly proportional to the exceptional skills you’ve mastered over the years in your data science career.

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Senior Data Scientist Salary By Experience

According to PayScale, The average salary for a Data Scientist is ₹824,844. The average salary of an entry-level data scientist is ₹524,861. Whereas a senior data scientist earns around ₹1,772,747. Data scientists with 1 to 4 years of work experience can easily bag a salary of ₹7,00,000 onwards. With data science becoming a trending technology and data scientists the need of the hour, well-established MNC’s and startups pay senior data scientists’ salaries averaging ₹17,00,000 per annum. This figure could be a lot more depending on what exceptional add-on data science skills you bring and the level of expertise and management responsibilities you can handle.

Senior Data Scientist Salary By Experience

Source: PayScale

Senior Data Scientist Salary By Location

Average Senior Data Scientist Salary By Country

According to LinkedIn, The average salary for a data scientist in the United States is USD $1,10,000 /year and a senior data scientist with 6 to 14 years of experience can earn about USD $1,40,000 /year.

According to LinkedIn, The average salary for a data scientist in Canada is CA$85,800 /year and a senior data scientist with 6 to 14 years of experience can earn about CA$1,01,000/year.

According to LinkedIn, The average salary for a senior data scientist in Australia is A$1,00,000 /year and a  senior data scientist with 6 to 14 years of experience can earn about A$1,38,000/year.

According to LinkedIn, The average salary for a data scientist in Ireland is €50,000/year and a data scientist with 1 to 5 years of experience can earn about €53,000/year.

According to LinkedIn, The average salary for a data scientist in Singapore is SGD85,000/year and a data scientist with 1 to 5 years of experience can earn about SGD88,500/year.

According to LinkedIn, The average salary for a data scientist in Germany is €60,000 /year and a senior data scientist with 6 to 14 years of experience can earn about €70,000/year.

According to LinkedIn, The average salary for a data scientist in France is €43,000/year and a senior data scientist with 6 to 14 years of experience can earn about €54,500/year.

Here’s a look at the median salary for data scientists in different countries from the yearly Kaggle State of Data Science and Machine Learning 2020  global survey.

Average Senior Data Scientist Salary By Country

Source: Kaggle State of Machine Learning and Data Science 2020

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Average Senior Data Scientist Salary in India Based on Cities

As of October 2021, Naukri, one of India’s top job portals has 11,916 data scientist job openings posted. The average pay for a data scientist is  â‚¹824,844 ( Source: PayScale). The average salary for data scientists in Bangalore is ₹15,30,000 /year (Source: LinkedIn) and the average salary for data scientists in Delhi is ₹10,40,000/ year. ( Source: LinkedIn). The average salary for data scientists in Hyderabad is ₹10,00,000/ year. ( Source: LinkedIn). The average salary for data scientists in Mumbai is ₹9,00,000/ year. ( Source: LinkedIn).

The average senior data scientist salary for 6 to 14 years in Bangalore is INR 1,900,000.0

The average senior data scientist salary for 6 to 14 years in Mumbai is INR 1,550,000.00

The average senior data scientist salary for  6 to 14 years in Delhi is  INR 1,750,000.00

The average senior data scientist salary for  6 to 14 years in Hyderabad is INR 2,030,000.00

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Below is a table comparing the salaries of data scientists based on location and years of experience: 

Average Senior Data Scientist Salary in India Based on Cities

(Source: LinkedIn)

 

Bangalore

Hyderabad

Mumbai

Delhi

<1 year

₹600,000.00

₹675,000.00

₹690,000.00

₹600,000.00

1-5 years

₹830,000.00

₹880,000.00

₹900,000.00

₹1,100,000.00

6-14 years

₹1,900,000.00

₹2,030,000.00

₹1,550,000.00

₹1,750,000.00

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Senior Data Scientist Salary by Company

According to  PayScale, the company Mu Sigma offers an average salary of ₹6,50,000, Accenture pays ₹12,48,000 and Tata Consultancy Services Limited pays ₹9,04,419. Reported salaries are highest at Ericsson Inc. where the average pay is ₹1,500,000. Other companies that offer high salaries for this role include Amazon.com Inc and Accenture, earning around ₹1,375,000 and ₹1,248,000, respectively. Tata Consultancy Services Limited and IBM India Private Limited also pay on the lower end of the scale, paying ₹904,419 and ₹975,000, respectively. Google India offers a salary of ₹10,00,000, and Microsoft India pays ₹13,00,000. Flipkart, Walmart, and Fractal analytics offer higher salaries in the range of ₹14,00,000, ₹2560213, and ₹11,60,779 respectively.

Senior Data Scientist Salary by Skill/Language

Some of the most frequently used languages and skills for data scientists are  Machine Learning, Python, and Big Data Analytics that correlate to salaries above the average. Skills that attract lesser pay than the market rate include R and Statistical Analysis. Below is a plot of the average salary paid to data scientists based on their skills:

Senior Data Scientist Salary by Skill/Language

Source: PayScale

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How to Negotiate a Higher Senior Data Scientist Salary?

Knowing how to negotiate a higher senior data scientist salary is important! However, that doesn't mean it's easy. As a senior data scientist, salary negotiations are typically long and complicated. While negotiating the highest possible data scientist salary maybe your goal should be on discussing other perks (stock ops) and benefits that will help you close the gap between your expected data scientist salary at the senior level and what the organization can actually offer.

Data science is a booming trend and the role of data scientists is more relevant in our current world than ever before. Even during the COVID-19 pandemic, the role of data scientists has proven to be crisis-proof. Top sectors like healthcare, technology, finance, retail, and also government organizations heavily rely on data scientists to draw insights from enormous amounts of data. It all comes down to having the right skills, experience, and curiosity to learn and become expert data scientists to attract job opportunities with high-paying salaries. We at ProjectPro will help you enhance your skills with our latest projects on data science, Python, and machine learning, which will help you gain hands-on experience with the latest data science tools and technologies to negotiate a higher senior data scientist salary. Begin your exciting upskilling journey into the world of data science with solved end-to-end data science and machine learning projects.

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