There is no denying the fact that there is a massive amount of data being generated daily. Every human connected to the internet leaves a trail of data that is collected by different companies. The data which is collected via this procedure is useless if there is no one to analyze and make sense out of the data. So, the need for professionals who can convert this unprecedented amount of data into meaningful information is also growing at a blinding rate. We listed are the top 10 highest paying cities for data science.
Data Science is the field of mathematics and computers that aims to derive insights from seemingly unrelated data with the help of specific algorithms and machine learning its subset. The need for a data scientist is proliferating in every organization regardless of the size. A data scientist is supposed to be a jack of all trades knowing everything from collecting the data (by scraping the web, etc.), converting the data into a usable form, doing exploratory analysis on the data, and then finally applying the needed machine-learning algorithm to produce a workable model.
Data scientists are also responsible for presenting the findings or the insights they gather to the organisation which employs them. The reasoning behind is very simple, since the data is to be used to propel the company, the heads must also be able to understand it. A good data scientist would ensure that even a layman with no prior knowledge could just look at the charts and enjoy the correlations which are found by the data scientist.
Needless to say that being a data scientist, you are bound to make some serious money. However, the money that you would make will depend on the geographical location of your operation. You will find below a comprehensive collection of the best cities for data science or the highest paying companies in India.
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Top 10 Highest Paying Cities For Data Science
Although the pay that any data scientist is subjected to receive in India is not bad by any means, with that being said, there are just better places for you to be working as a data scientist in terms of the sheer amount of money that you would make. Listed below are some of the best cities for data science:
San Jose, California
San Jose, California, or better known as Silicon Valley, has to be the dream working destination of any tech enthusiasts. San Jose is primarily known for being the hotspot for the data scientist. You will find almost the headquarters of almost every major big American tech company. That reason alone is enough to push the salary and the number of jobs available for any through the roof. It is estimated that any chief data scientist working from San Jose, California, can earn about ₹120,726 making it one of the highest paying cities for data science.
Bengaluru (Bangalore), India
Bangalore is hailed to be the Silicon Valley of India and rightfully so. This city in the heart of Karnataka is home for every significant technological advancement. There are dedicated AI labs in the city. Bangalore’s main attraction is the lucrative offers by the state government, thus allowing even startups to flourish. If you decide to work in Bangalore, you can make about 9.8 Lakh Indian National Rupees per annum making it one of the highest paying cities for data science.
Lexington Park, The United States of America
Lexington Park, situated in the United States of America, is leading the industry of STEM. Lexington Par is also responsible for creating the most number of job opportunities in STEM fields. Other than STEM-based options, Lexington park is also known to have a thriving tech community. If you are a data scientist working from Lexington Park, you can earn about 97,656 United States Dollars (which estimates to about 71 lakh Indian National Rupee) making it one of the highest paying cities for data science.
The city of Geneva in Switzerland is one of the costliest European cities to live in. However, if you happen to become a data scientist in Geneva, you will not have to worry about the city’s obnoxious living cost. The reasoning behind that assertion is straightforward because this city is ranked top in terms of salary provided to any data scientist.
The mean wage that you are expected to earn will be 180,000 Swiss francs (which estimates to upwards of 1crore Indian National Rupee) if you happen to be a researcher in the field of data science. If you happen to be the lead data scientist, you will earn about 200,000 Swiss Francs (which estimates to about one crore and 61 lakhs Indian National Rupees). The average bonus would range between 9,650-18,000 Swiss Francs making it one of the highest paying cities for data science.
The capital city of Netherlands, Amsterdam, is ranked second in the number of opportunities and the salary of any data science professional would get. You can make about 30,000 euros.
London, United Kingdom of Great Britain
Living through Brexit’s repercussion, the capital city of the county of England still provides a haven for any data scientist. With the United Kingdom of Great Britain’s government rallying behind technology and focusing a huge amount of resources to create jobs in the tech sector, your pay should be nothing but assured. According to Glassdoor.com, the average salary that any data scientist or any is bound to earn working from London is about 41,217 Pounds making it one of the highest paying cities for data science.
The Macron government lays good and strong work for Artificial Intelligence to be adopted throughout the country. If compared with other European countries, Paris’s city lags behind in terms of both the money to be made and the number of opportunities created. However, the future of AI under Macron’s guidance seems to be very positive, but it will take some time for Paris to reach the standard of other European cities. If you happen to work from Paris, you can expect yourself to make about 41,249 euros on an average making it one of the highest paying cities for data science.
Home to one of the best automobile industries on the entire planet, Germany’s capital city does not lag behind much in terms of the money that any or data science professional would earn. For a chief data scientist or a, you can expect to earn about 54,587 euros making it one of the highest paying cities for data science.
2. In India
Listed below are the best cities to be a data scientist in India:
The capital city of Tamil Nadu, located in the southern part of India, is the heart of any data scientist. If you work from Chennai, you can expect yourself to earn from anywhere about 3,42,000 to 20,00,000 Indian National Rupee making it one of the highest paying cities for data science.
This capital city of Maharashtra is best known to be the film city of India. However, film stars are not the only ones to make it big in this city of dreams. If you work as a data scientist or a from Mumbai, you are expected to earn from anywhere in the range of 3,87,000 to 20,00,000 Indian National Rupees making it one of the highest paying cities for data science.
Gurgaon (or Gurugram)
Gurgaon is on its way to compete for the title of being the Silicon Valley of India. With recent advancements of technologies and many tech companies choosing Gurgaon as their base of operations in this city, any data scientist or ‘s future looks very bright. The average salary that you are expected to get is about 10,30,000 Indian National Rupees. At the same time, the range of salaries goes from 5,09,000 to 10,00,000 Indian National Rupees making it one of the highest paying cities for data science.
Pune has the title of being the second largest city of the Indian state of Maharashtra. Pune also houses the headquarters of companies like Infosys, TCS, Wipro, Tech Mahindra, Capgemini, Cognizant, etc. If you work from Pune and you happen to be a data scientist or a, you can make anywhere from about 4,98,000 to 16,80,000 Indian National Rupees making it one of the highest paying cities for data science.
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These are the top highest paying cities for data science. Data science is a growing field, and the need for data science professionals is never going to die down. However unfortunate it may seem, the amount of money you would make depends on the country or the city you work from. There are many highest paying companies in India, which could get you driving a fortune, but most of them happen to be abroad. To be a data scientist and work in India, you would have to choose one of the cities from the best cities for data science in India.
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What are the opportunities in the data science field?
There are a number of wonderful career options that open up for you in the data science field. You can pursue higher studies in one of the specialized subjects to pursue a career as a Machine Learning Scientist, Data Engineer, Data Analyst, Data Architect, Data Scientist, Business Intelligence Analyst, and many more doors of opportunities will open up for you.
Since data is the heart of the data science field, various roles revolving around data are there to pursue.
Which Indian city pays the most for data science roles and how to grab job offers in this city?
Bengaluru, Chennai, Gurugram, and Pune, are some of the biggest hubs for data science and related job roles. As a data scientist, you can get around INR 10 Lakhs per annum being a fresher. This will increase with the gain in experience and you can easily grab high paying roles in this field as an experienced professional.
You should always keep an eye on companies having openings both for freshers as well as experienced professionals. You can target these companies to prepare for them by referring to previous interview experiences.
What is the future of data science in terms of job opportunities and competition?
No doubt data science is going to see an exponential rise in demands of experienced and highly skilled professionals thereby increasing the jobs as well. With the rapid advancement in technology, there will be many automation tools that will automate a lot of tasks. However, this does not harm the jobs in any way.
As more and more companies are understanding the value of data, they also need skilled professionals who can understand this data and help them grow their businesses.