The two surveys about the data scientists were released this week, covering both the supply and demand sides of this hot new profession, “one of the hottest job of the 21st Century.”
Demand side—the challenges of recruiting and integrating data scientists — we have the Sloan Management Review and fifth annual survey of more than two thousand business executives, managers and analytical professionals worldwide. On the supply side — the talent available and what salaries it commands — We have the annual Burtch Works Study, surveying more than three hundred data scientists in the U.S.
The average salary of a junior level data scientist is 45 lakhs per annum, but those who are managing a team of ten or more than that data scientists earn base salaries of well over 1 crore per annum. Supply is still tight and top managers enjoyed over the last year an eight percent increase in base salary and average bonuses over 25 lakhs of ruppees only. Changing jobs, data scientists see a 15 percent increase in their average base salary.
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