In this article, we will find out Data Analyst salaries for freshers based on industries and countries. Let’s start with the basics of the data analyst job role.
Who is a Data Analyst?
A data analyst is a person who does data analysis. In simple words, a person who collects data cleans them, and interprets them to make better decisions is known as a Data analyst.
Role of a Data Analyst
Now, In this article of Data Analyst salaries for freshers, let’s talk about role & Responsibilities of a Data Analyst.
A Data analyst works with data and helps their companies make better business decisions using different techniques, including mathematics, computer programming, and statistics. Moreover, they conclude from data to describe, predict, and improve business performance.
Responsibilities of a Data Analyst
- Data analysts collect data by themselves by conducting surveys, tracking visitor characteristics on a company website, or buying datasets from data collection specialists.
- Also, the raw data which is collected might contain duplicates, errors, etc. The data analyst removes the duplicate/ corrupted data and fixes the coding errors and related problems if present.
- Moreover, they develop and maintain databases, data systems and reorganize the data in a readable format. They assess the quality and meaning of data by performing analysis.
- In addition, Data analysts filter data by reviewing reports and performance to identify and correct coding problems.
- Also, interpreting the data using statistical tools to identify, analyze, and interpret patterns and trends in complex data sets will help you answer the question at hand.
- Furthermore, Data analysts even prepare reports to manage trends, patterns, and predictions using the relevant data.
- Finally, the last step is presenting an analyst’s findings which is a key part of their job. Data analysts present their data by creating visualizations like charts and graphs, writing reports, and presenting information to the concerned people.
Important Tools Used by Data Analysts
Here are some of the important tools used by data analysts
- Google sheets
- Microsoft excel
- R programming
- Apache Spark
- Microsoft Power BI
- Jupyter notebooks
- Rapid Miner
Top Skills for Data Analysts
In order to understand the Data Analyst salaries for freshers more accurately, you need to know about top skills required for Data Analysts. Hence, in this section, we will discuss about top skills required for Data analysts.
Here are some top skills for Data Analysts.
- Critical Thinking
- Data Visualization
- Machine Learning
- Domain Knowledge
- Data WareHousing
- Problem Solving
- Statistical programming languages
Also Read: Highest Paying Job Roles In Data Science
Types of Data analysts
Let’s discuss types of Data analysts. Generally, there are different types of Data analysts
- BUSINESS INTELLIGENCE DATA ANALYST
- OPERATIONS ANALYST
- DATA SCIENTIST
- MARKETING ANALYST
- QUANTITATIVE ANALYST
- DATA ENGINEER
- DATA SCIENTIST
- IT SYSTEMS ANALYST
- PRODUCT ANALYST
Pros & Cons of Data Analyst Career
The pros and cons of the Data Analyst career path are as follows.
- Data analysts grab high Salaries
- Moreover, they can work with both technical and non-technical work
- Also, they have excellent career prospects
- Finally, Data analysis is a satisfying work
- Data analysts need to deal with messy data
- Moreover, they have a lack of consistency across companies
- Also, programming can be tough
Data Analyst Opportunities Around The World
According to research, there are currently more than 80 thousand open jobs worldwide seeking data analytics skills. Moreover, these positions are no longer simply titled as “data analysts.” This is because nearly every industry benefits from data analysis, and data jobs are branching off into various types.
In addition, Data analysts today specialize in finance, business, healthcare, e-commerce, and marketing. Also, Data analytics is driving our digital economy, which is booming in every new way.
Top Industries Hiring for Data Analysts
Top industries hiring data analysts right now are :
- Business Intelligence
- Health care
- Sharing economy services
Data analyst roles in the finance industry are typically titled as financial analyst, incident response analyst, or risk management analyst. Also, most of these companies hire data scientist roles.
How Much Does a Financial Analyst Make?
On average, an entry-level financial analyst earns about $60,000 per year. Also, financial analysts have a large number of opportunities for salary growth.
Who is Hiring for a Financial Data Analyst Job Role?
Companies like Paypal, Barclays are hiring from different countries like the US, UK, India, Germany, Japan, etc.
Business Intelligence first came to life in the 1990s. Moreover, business Intelligence includes data storage, data gathering, knowledge management, and data analysis to evaluate by transforming big data into useful insights. Moreover, it can be used to inform business strategies, operational optimizations, and other important decision-making.
In addition, business Intelligence stands in the top three industries when it comes to hiring data analysts. Also, almost 20% of data analytics jobs globally are in the business intelligence sector only.
Furthermore, global companies like Amazon and Netflix use data analytics and machine learning to create accurate predictive algorithms that drive their sales.
How Much Does a Business Analyst Make?
Business intelligence analysts earn around $60,000n per year in the US. Hence, business intelligence is becoming very important, and the salary of these analysts likely might change significantly over the next five years as demand for skilled analysts is growing at a fast rate.
Who is Hiring for Business Intelligence Analysts Job Role?
Global companies like Amazon and some small companies like Focus KPI and Affinity Solutions are hiring data analysts in countries worldwide, including the US, UK, Bangladesh, Australia, Egypt, and Japan.
Health care is the industry that could benefit most from data analysts’ insights, although it is one of the slowest to turn to big data. In addition, with the ever-improving electronic health record systems, healthcare and online patient portals, pharmaceutical apps, telemedicine, and teletherapy, healthcare is blossoming into a data-heavy field with many career options.
Moreover, most data analyst positions in this sector are simply titled data healthcare data analysts.
How Much Does a Healthcare Analyst Make?
On average, healthcare analysts make a salary of $78,000 in the US, increasing throughout their careers.
Who is Hiring For Healthcare Analyst Job Role?
CVS and Humana are hiring healthcare data analysts across the US and remotely.
Sharing Economy Services
Sharing economy was first launched in 1995. Moreover, sharing economy services are hiring data talent in nearly every urban area. Some of the examples of Sharing economy services are Uber, Lyft, GrubHub, Postmates, etc.
How Much Does a Data Analyst Make At a Sharing Economy Company?
On average, a person working in the sharing economy application sector earns about$90,000 per year. Surprisingly even entry-level data analysts make about $70,000 or more per year. Moreover, many sharing economy services are based on mobile applications which receive funding from venture capital firms or private investors to fuel their success.
Who is Hiring For Data Analyst In Sharing Economy Job Role?
Companies like Instacart, Lyst, Just Eat are hiring around the US, UK, and Belarus.
The entertainment industry is evolving faster than ever. Moreover, streaming services are taking over the market by using big data to drive growth. In addition, Netflix uses data so well that it can recommend movies to its users with an 80% success rate.
Furthermore, every user of a digital streaming service is producing tons of data while they consume the content that the subscription services offer them. Also, everything from when a user paused, clicked, scrolled, when they have used the app, what the weather is like, where they are, their demographic information, and more are continuously being collected. This data is used to improve the company’s revenue by improving them.
How Much Does An Analyst In Entertainment Industry Earn?
Data Analysts in the entertainment industry earn about $94,000 per year on average.
Who Is Hiring For Does An Analyst In Entertainment Industry?
- Hulu is looking for data analysts in China.
- Joyn is hiring data analysts around Germany.
Congratulations, if you have made it till here. We hope you have got to know how much demand data analysts have these days. Hence, in this article, you learned about Data Analyst Salaries for freshers. For more interesting articles, you can visit our blog section here.