Feb 01,2023      BY   Time Admin

Data Analyst Salaries Around The World (Based On Industries, Countries And Experience)

According to research, 92 percent of businesses are embracing data analytics to learn more about marketing. This makes a data analyst one of the most sought-after jobs. If you're seeking a new employment opportunity or unsure which path you want to go in IT, you should consider becoming a data analyst. 

Why is Data Analytics Important?

Thanks to data analytics, the world’s most successful companies are constantly growing. Consider the amount of data that a single marketing campaign could generate, for instance. What do all these numbers mean? What should be kept in mind and what can be ignored? What does this data reveal about the efficacy of a specific campaign? Here is where data analytics comes into play. The majority of firms work with enormous amounts of data and this shows how important data is to its ongoing success. So, businesses must have data experts who can sort through mountains of data.

Every business needs a skilled Data Analyst to analyze the data for business growth. The demand for skilled Data Analysts is high and the salary and perks are some of the best in the industry. Python for Data Analysis is in high demand since data analysts are needed across the top industries such as Finance, Technology, Marketing, and Healthcare.

Who is a Data Analyst? 

Data analysts identify patterns, work with others, produce reports, gather data, and set up infrastructures. Nowadays, most businesses recognize the significance of data analysis and recognize the need for trained data analysts to interpret the data in relevant ways. Data analysts now have higher earning potential than ever before due to their increased level of demand in various industries in the world today. We will be examining the data analyst salaries from various standpoints and views.

Data Analyst Salaries

Nowadays, almost all corporate operations are supported by numbers. The information gleaned from this data tells a tale about anything from sales to marketing campaign activities. It offers much-needed insight and can help organizations understand what worked and what didn't, what to change going forward, and what to stick with. However, the pay for data analysts varies depending on a number of criteria, including the following:

  • Industry

  • Experience

  • Region/Country

  • the organization's size, and perhaps its seasonality

Also read, Python Vs VB Which Programming Language is Right For You

Salary For A Data Analyst By Country

Being in great demand globally is one of the best benefits of working as a data analyst. Working as a data analyst might give you that independence and flexibility if you don't want to be restricted to a particular city or even just one country. Companies frequently provide location-based salaries—salaries that take into account location rather than just merit—as more and more businesses use a geographically dispersed workforce (including remote workers).

It can be useful to be aware of the average data analyst wages in other nations beforehand, particularly if you're considering moving. Some of the nations with the highest average base salaries include

        S/N           Country                 Annual Salary              
          1                 India                    Over ₹9,50,000
          2             USA                  Over $65,000
          3      United Kingdom                  Over £27,000
          4          Canada                  Over C$56,000
          5          Australia                  A$82,000
          6         Singapore                  S$55,000
          7         Germany                  €45,338
          8          Denmark                  DKK 881,794
          9          Malaysia                  RM 44127

 

It's vital to keep in mind that although these are the base values for different countries as a whole, they will also differ significantly depending on the city.

Data Analyst Salaries By Industries

The fact that data analysts are needed by so many different industries is another benefit of the job. After all, the majority of firms today make data-driven decisions, and the process requires competent data analysts. However, average pay could assist you in making a selection if you're unsure of what industry to pursue. 

Data analytics may be used in almost every industry to improve business choices. But your compensation may vary depending on the sector of the economy you choose to work in. The industries with the highest average pay rates also have the biggest demand for data specialists.

More than three-quarters of data job vacancies are in the fields of finance and insurance, professional, scientific, and technical services, information technology, management, and manufacturing. According to top researchers, the top sectors for data analysts are listed below, along with typical yearly incomes in the United States.

 S/N              Industries               

   Average Annual Data Analyst Salary Structure                             

     1 Natural Resources and Mining   $107,000 - $117,000
     2 Scientific and Technical Services   $80,408
     3 Utilities   $74,000 - $79,000
     4 Entertainment   $70,000
     5 Hardware and Networking   $67,000
     6 Software and IT services   $65,000
     7 Finance   $65,000
     8 Energy and Mining   $63,000 
     9 Manufacturing   $55,000 - $59,000

Although these are typical data analyst salaries in some of the highest-paying sectors, it's important to remember that some businesses also provide average yearly data analyst salaries that are higher than these figures.

Data Analyst Salaries By Experience

Your amount of experience is one of the main variables that can affect your pay. Typically, the longer you work as a data analyst, the more money you may expect to make.

It's vital to keep in mind that certain organizations also provide average yearly data analyst salaries that are greater than these statistics, even if they are typical data analyst salaries in some of the highest-paying areas.

  • Experienced and Top Data Analyst Earns about AED 175,000 annually

  • New and Entry Level Data Analyst Earns about AED 100,000 annually

When picking what business to work in, money is undoubtedly a significant consideration, but it's also crucial to think about what industry would interest you the most. Moving into a leadership role can further boost your earning potential.

The beautiful thing about being a data analyst is that there are numerous alternatives because data analysts are needed by so many different sectors. This opens up more professional choices as well as the possibility to challenge yourself and try new things.

To Wrap Up

Roles are growing more competitive as more people become aware of the profitable and fascinating field of data analysis. In addition to guaranteeing your success as a data analyst, receiving sufficient professional training is crucial for setting yourself apart from the competition. 

In other words, earning a certification in this area can be a wonderful method to acquire the necessary abilities while simultaneously enhancing your resume with an impressive credential.

You may also be interested in: How to Use Tableau for Data Science?

Time Admin

Time Training Center (TTC) is a leading education institute in Abu Dhabi that focuses on providing quality education and training programs. We provide authoritative info and blogs on various topics in which we focus our training programs. 

Through our expert blogs, we aim to hone and develop the human capital of Abu Dhabi in the field of Computer and Management education, fostering professional competencies in diverse areas. 

Search for Desired Courses

© 2022. All Rights Reserved by Time Training Center