The world of data analytics continues to evolve rapidly, with professionals playing a pivotal role in deciphering vast amounts of information to drive strategic decisions. As the demand for skilled data analysts surges, understanding compensation trends becomes paramount for both employers and employees alike. The AIM-Research Data Analytics Salary Study for 2024 provides a comprehensive analysis of compensation trends within the data analytics industry. It covers median salaries across various dimensions, including year-on-year comparisons, sectors, job roles, company types, cities, educational qualifications, and work models.
In a nod to the burgeoning field of generative AI, the report goes beyond traditional data analytics roles to examine the median salaries of generative AI professionals. By analyzing compensation trends across years of experience and job roles within this specialized domain, the study provides valuable insights into the emerging field of artificial intelligence. In summary, the AIM-Research Data Analytics Salary Study for 2024 presents an exhaustive examination of compensation trends in the data analytics industry. Its findings furnish stakeholders with indispensable insights essential for effectively maneuvering through the dynamic terrain of talent acquisition and retention within this rapidly evolving field.
Read past year’s reports:
2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015
Key Highlights
- The data for 2024 indicates a stabilization in median salaries, with only a marginal 1% decrease compared to the previous year.
- Experienced professionals saw a notable salary decrease in 2024, indicating that longevity in a career doesn't always ensure continuous salary growth.
- Pharma & Healthcare: Shows consistent growth, with salaries ranging from 7.8 LPA to 19.8 LPA across experience levels.
- Chennai, Pune, and Hyderabad demonstrate similar median salaries, ranging from 14.7 LPA to 14.8 LPA.
- Professionals working under a hybrid work model enjoy the highest median salary at 16.1 LPA.
- The overall median salary difference between data analytics professionals and generative AI professionals is INR 50,000.
Read the complete report here:
- AMDās Server CPU Business Faces a New AI Boom
- How an Engineer Is Using AI to Bridge the Accessible Education Gap
- AI Agents are Making Human Customer Service a Specialist Job
- Why Nandan Nilekani-Backed F2A Believes India's Investment Opportunity Lies in Edge AI
- India Needs to Build the AI 'Brain' for Robotics, Not Just Import Hardware
- Why Enterprise AI Prototypes Break in Production