The year 2020 witnessed a growing demand for mid-level and senior-rank professionals with more than seven years of experience. A study by Great Learning, reveals that while young professionals were highly sought after last year, it is the mid- and senior-level professionals who are being searched for this year.
The study also reveals that more than 93,500 data-science jobs were up for grabs in August 2020. About 9.8 per cent of the total global analytics jobs were offered by India in August, whereas the figure was 7.2 per cent seven months ago.
Although the number of vacancies in data science dipped from 109,000 in February, to 82,500 in May, the demand has remained more or less consistent across key industry sectors.
This is probably because Indian analytics startups have continued to receive funds and there has been no dearth of investment in the development of enhanced analytics capabilities in the country. Also, a significant portion of jobs have been outsourced to companies in India amidst the pandemic.
The median salary for data science professionals in the country is about Rs 9.5 lakh per year, based on the listed vacancies. Those with experience of over ten years can earn anywhere between Rs 25 lakh to Rs 50 lakh, according to their position and expertise. The demand for ‘Python’ professionals is the highest, followed by Java/JavaScript developers.
The maximum demand has come from multinationals, as well as Indian IT organisations and KPO companies that have been hiring in big numbers, having shifted most of their operations to India.
Bengaluru offers the maximum jobs, accounting for about 23 per cent of the analytics jobs in the country. The BFSI sector remains the largest consumer of analytics and data science talent (other than IT), although the number of jobs it creates has been dipping in the last two years.
The pharmaceuticals sector has witnessed an increase in the proportion of analytics jobs at 16.3 per cent, which is about 3.9 per cent more than last year. The reason for this is increased work in the area of vaccine development amidst the pandemic.
The maximum vacancies in data analytics were advertised by HCL, IBM India, Accenture, Collabera Technologies, Mphasis, Infosys, Cognizant Technology Solutions, Capgemini, Dell and Tech Mahindra.
