Analytics &#038; Data Science Jobs in India 2022 — By AIM &#038; Imarticus Learning
The data science/analytics job report, presented by Analytics India Magazine (AIM), provides a broad study of the data science job landscape, covering profiles and roles requiring analytics competencies and skills. The research provides a holistic view of the talent market that was affected by the Covid-19 pandemic and its recovery since the lockdown restrictions were lifted. The report highlights the upswing in data science/analytics jobs in the post-pandemic world and the factors that have led to it. This study includes a snapshot of advertised jobs in key data science roles and an overview of potential career opportunities across different skills and educational qualifications. The insights about the talent market in this study assist stakeholders in developing better plans/strategies around the recruiting process, as having a broader view of the market allows them to target the right talent faster across different categories. This report can be studied by recruiters, industry policymakers, companies, and data science experts/aspirants to get the overall view of the job market across multiple roles, sectors, cities, experience levels, and others. Read reports from the previous years here: 2021 | 2020 | 2019 | 2018 | 2017 Top Trends in Analytics And Data Science Jobs Figure in thousands 179.4K Around 179K open jobs were available at the time of reporting in the 2nd week of April 2022 30.1% Analytics jobs figure for April 2022 witnessed a 30.1% increase in open jobs compared to the same period last year 73.5% Open analytics jobs in India have increased by 73.5% from the start of the pandemic in March 2020 to April 2022 Although it is difficult to ascertain the exact number of open data science/analytics jobs for a given month, around 179,470 open jobs were available at the time of reporting in the 2nd week of April 2022, according to the analysis carried out by AIMResearch. This is the second-highest number of data science/analytics jobs advertised in India (since AIM Research started recording these numbers in April 2015). It was the highest in February 2022 at 180,468. These open jobs can be filled in the data science/analytics function at any given point in time and not the absolute number of new jobs created each month. The job market for analytics/data science professionals, which plunged by more than 20.1% during the first wave of Covid-19 (from March 2020 to June 2020), has rebounded substantially post covid. There is an increase of 73.5% in open jobs from the start of Covid-19 in March 2020 to April 2022. There was a slight decline of 3.8% in the open jobs between April 2021 to May 2021 during the second wave. Since then, it has again been on the rise. The data science/analytics jobs figure for April 2022 witnessed a 30.1% increase in open jobs compared to last year (April 2021). In 2022, India contributed to 11.6% of the total global data science/analytics open jobs. This is a considerable jump from 9.4% of global open jobs in June 2021. India’s share of global analytics jobs has increased because of the following factors: The continuous investment made by domestic companies in the development of advanced data science/analytics capabilities.MNC and Domestic IT & KPO organisations have moved their analytics or data science jobs in large numbers to India.Captives Centres have been witnessing a significant increase in their open jobs as these companies focus more on transforming their technology capabilities by building data science teams in India.The increasing funding of AI/Analytics based startups in India—the total funding in 2021 was $1.1B, a growth rate of 32.5% on a Y-o-Y basis. To know more about startup funding, read our report here. The ten leading organisations with the greatest number of analytics jobs advertised in April’22 are dominated by the MNC IT & KPO organisations and Captives – Accenture, IBM India, Flipkart, eClerx Services, Dell International, Capgemini, Wells Fargo, Shell, United Health Group, JP Morgan. 98.6% of data science/analytics jobs advertised in India are full-time, signifying the strengthening of the Indian data science/analytics hiring market. In contrast, just 1.4% of the jobs form part-time, internship or contractual jobs. The top data science/analytics designations advertised are Data Engineer, Data Scientist, Deep Learning, NLP, Computer Vision, Data Architect, Big Data Analytics, AI/ML Engineer, and Statistician. Data Science Jobs By Sectors 2.5 Open jobs in Retail & CPG increased by almost 2.5 times in 2022 (7.7K jobs) compared to 2021 (3.1K jobs) 1/4 BFSI accounts for more than one out of four open analytics/data science jobs in 2022 among all the key sectors 4.2pp Travel & Hospitality witnessed a 4.2pp increase in its share of open jobs compared to the previous year when the sector advertised almost no jobs Increasing tech adoption across industries and entirely tech-enabled sectors such as eCommerce/Internet, and BFSI, has led to a growing demand for data science professionals. With 18,712 jobs advertised in the market in 2022, the BFSI sector contributed to the highest number of jobs among all the key sectors. This was a 19.9% increase on a y-o-y basis. Similarly, the eCommerce/Internet advertised around 13,167 in 2022, twice what the sector advertised at the same time last year. The open jobs for data science professionals in new age industries are higher than in traditional industries as they are more focused on digitisation to streamline business processes. The Retail & CPG witnessed the highest increase in the number of analytics jobs advertised. The number increased from 3,143 in 2021 to 7,743 in 2022—a y-o-y increase of almost 2.5 times. Post covid, the Hospitality & Travel industry is witnessing a massive increase in the open jobs. The number of total open jobs increased to 2,964 in 2022 compared to almost no jobs in 2021. The Hospitality & Travel industry was one of the hardest-hit sectors as the pandemic halted everything in the industry. This resulted in the loss of many jobs in the sector. The open jobs for data science professionals in new age industries are higher than in traditional industries as they are more focused on digitisation to streamline business processes. Data Science Jobs By Company Type 3/4 More than three out of four open jobs (139.3K jobs out of 179.4K) are advertised by MNC IT & KPO Service Providers 1st MNC IT & KPO Service Providers have consistently advertised the highest number of analytics jobs among all company types since 2019 4.4 The open jobs in domestic firms (non IT) grew close to 4.4 times on a y-o-y basis MNC IT & KPO Service Providers continue to be the largest job provider for analytics professionals, accounting for 139,323 (77.7%) of all open jobs. Advertised jobs by companies in the segment increased by 24.0% on a y-o-y basis. For captive centres, open jobs increased from 5,654 in 2021 to 19,339 in 2022. This significant rise (242.0%) can be attributed to some of the biggest brands in the world increasing their focus on digitisation and opting to set up captives in India to facilitate this. Furthermore, we have seen “the great resignation” wave in the last two years, which points to an increased flow of experienced and skilled talent back in the market. Captives are rushing to tap into this talent pool. The rising footprints of multinational corporations in India to enhance productivity through tooling, automation, simulation, prediction, and optimisation are fuelling the growth of data science/analytics jobs. The open jobs in the domestic firms (Non-IT) witnessed the highest increase (336.4%) on a y-o-y basis. The jobs advertised by these firms increased from 2,206 in 2021 to 9,628 in 2022. In terms of percentages, the share of open jobs increased from 1.6% to 5.4% over the same period of time. This growth is fuelled by the increasing adoption of data-driven technologies in traditional organisations. On the other hand, consulting firms decreased their share of advertised jobs from 3.7% (5,102) in 2021 to 1.5% (2,633) in 2022. Also, the share of Domestic IT & KPO Service Providers has come down to 4.7% (8,476) in 2022 from 9.0% (12,411) in 2021. Data Science Jobs By Experience Level 2/5 More than two out of five open jobs are for professionals between 2 to 7 years of experience 7.4 Open jobs for professionals with more than ten years of experience grew by 7.4 times from 2019 to 2022 4.4pp The share of open jobs for professionals with less than two years of experience have been declining since 2020. The trend continues in 2022, with a y-o-y decline of 4.4pp The highest growth in the posted jobs is witnessed by professionals with 7 to 10 years of experience, at 46.4% on a y-o-y bais. The number of open jobs advertised in the experience bracket stood at 32,912 in 2022, which is 10,434 higher than in 2021 (22,478). The second-highest percentage increase in the listed jobs is observed by the professionals with an experience of 5 to 7 years. The overall open jobs in the experience bracket increased to 37,469 in 2022 from 25,787 jobs in 2021—a growth rate of 45.3% on a y-o-y basis. On the other hand, there has been a continuous decline in the share of advertised jobs for professionals with less than two years of experience since 2019. The share of open jobs for the experience bracket of 1-2 years declined from 13.0% in 2021 to 11.5% in 2022. Similarly, the share of open jobs for less than one year of experience declined from 11.8% in 2021 to 8.9% in 2022. The higher cost of upskilling freshers and the instability in their retention coupled with higher demand for experienced professionals have contributed to the continual decline in the share of advertised jobs. Over the last few years, the share of open jobs for professionals with 0-2 years of experience has been steadily decreasing. The drop in share is attributed to a preference for experienced professionals. There has been a close to 7.4 times increase in the demand for professionals with more than ten years of experience from 2019 (4,828) to 2022 (35,681). However, 2022 observed a slight decline in the share by 1.5pp on a y-o-y basis from 21.4% in 2021 to 19.9% in 2022. Data Science Jobs By Salary Bracket 15.2K Open jobs offering a salary of 25-50 lakhs saw the highest y-o-y increase (15.2K) in absolute number from 3,585 in 2021 to 18,776 in 2022 20 Open jobs offering salaries greater than 50 lakhs increased by almost 20 times 1/4 Almost one out of four open jobs posted, offer a salary of 3-6 lakhs The open jobs offering a salary of 25-50 lakhs saw the highest increase in absolute numbers among all brackets, from 3,585 in 2021 to 18,775 in 2022. As a result, the share of these jobs as a percentage of the total increased from 2.6% in 2021 to 10.5% in 2022. Similarly, open jobs offering 15-25 lakhs salary increased from 12.2% in 2021 to 17.3% in 2022. The advertised jobs for the professionals in the salary brackets of more than 50 lakhs also witnessed a significant increase compared to the previous year. The number increased by almost 20 times, from 276 in 2021 to 5,472 in 2022. The number of open jobs in the 0-3 lakh salary bracket increased from 11,722 in 2021 to 18,095 in 2022—a y-o-y increase of 54.4%. Similarly, the share of open jobs between 3-6 lakhs increased by 32.9% over the same period. On the other hand, advertised jobs for data science professionals in 6-10 and 10-15 lakhs salary brackets have seen a decline in overall share in 2022. The largest decline is witnessed by the 6-10 lakhs salary bracket, at 11.6pp, followed by 10-15 lakhs salary brackets with a decline of 7.3pp. This reflects AIM’s Data Science India Salary Study 2022, which indicates an overall increase in the median salary commanded by analytics professionals in 2022. An increase in the median salary commanded by analytics professionals is reflected in the greater share of open jobs offering higher salaries. Data Science Jobs By Cities 28.5% Bangalore emerged as the top destination for analytics/data science professionals for the fifth year in a row, with 51,149 open jobs, accounting for 28.5% of entire market 1/2 Almost one out of two (47.6%) open jobs are either for Bangalore or Delhi NCR 42.9% Hyderabad saw the highest y-o-y increase (42.9%) in the number of jobs advertised across top cities Bengaluru continues to create the maximum share of jobs (28.5%) of all analytics/data science positions in India in 2022. In terms of absolute numbers, open jobs have gone up from 38,474 in 2021 to 51,149 in 2022—a growth of 32.9% on a y-o-y basis. The city’s high-tech IT infrastructure and the presence of many unicorn companies specialising in edtech, fintech, artificial intelligence, and other fields contribute to the city’s increasing share of open jobs. Delhi NCR emerged as the second-largest city in terms of the share of open jobs for analytics/data science professionals. The number of jobs is 34,200 in 2022, which is 7,861 higher than posted jobs in 2021. The increase in the share is supported by employees’ return to the workplace at a faster rate than in other cities. The world-class infrastructure and well-diversified markets, from ​​trading and manufacturing to BFSI contributed to an overall increase in job opportunities. Mumbai, the third-largest city with regard to the share of open jobs, witnessed a growth of 40.2% on a y-o-y basis. The number of jobs increased to 23,591 in 2022 from 16,824 in 2021. The increase in the number of jobs is supported by the higher demand for professionals in BFSI and domestic conglomerates which are largely based out of Mumbai. Core IT hubs – Bangalore, Hyderabad, and Delhi NCR, are seeing an increase in job opportunities than their counterparts. These cities offer better salary hikes, job opportunities, and career growth to the professionals. Hyderabad has been witnessing a continuous rise in its share of open jobs on a y-o-y basis for the last couple of years. The number of jobs has gone up to 19,712 in 2022 from 13,790 in 2021, with a growth rate of 42.9% on a y-o-y basis. A skilled workforce, large tech businesses, cheaper office space, and government initiatives towards promoting AI development and foreign investment have increased the share of data science jobs in Hyderabad. In terms of other metropolitan cities, Chennai saw a marginal decrease of 0.3pp in its share in 2022 (7.5%) from 2021 (7.8%). However, the number of open jobs has increased to 13,427 in 2022 from 10,756 in 2021. The IT and ITes investment, skilled workforce, clubbed with dozens of great engineering colleges in Chennai, make recruiting easier. In the same way, Pune, Ahmedabad, and Kolkata witnessed a marginal decline in their open jobs share. The y-o-y decline in the share is 0.4pp and 0.5pp in Ahmedabad and Pune, while it is 0.1pp for Kolkata. Data Science Jobs By Educational Qualification 1/3 Almost one out of three open jobs are for engineering undergraduates 2.2 Advertised jobs for engineering undergrads are roughly 2.2 times higher than engineering postgraduates 1.2 Advertised open jobs for MBAs are close to 1.2 times higher than Non-MBAs The highest share of jobs in engineering demand an undergraduate degree in engineering. This makes up a third or 55,983 of the total advertised jobs. This is followed by non-engineering undergraduate degrees at 35,201 and engineering postgraduates at 25,871. The advertised jobs under non-engineering undergrads are largely from B.C.A, B.Sc, and B.Com backgrounds. The number of open jobs demanding an MBA degree is 17,389, which is close to 1.2 times of open jobs for Non-MBAs (14,420). The degrees considered under the Non-MBAs segment are M.Sc, M.Com, M.Ed, and others. The number of advertised jobs for PhD is 13,996, accounting for 7.8% of all job postings. Hiring managers prefer engineers over non-technical graduates as they are well-versed in technical fundamentals and can easily adapt and learn quickly. Open Jobs For Key Data Science Roles 1/4 Almost one out of four open jobs for key analytics roles are for data engineers 1.8 Open jobs for Data Engineers are 1.8 times higher than Data Scientists 7.4% The share of Deep Learning open jobs is the highest among all AI-related jobs Under key analytics/data science roles, the advertised open jobs are highest for Business Analysts at 38,974, followed by Data Engineer (34,566) and Data Scientist (19,457). Advertised open jobs in key AI-related roles are highest for Deep Learning at 10,564, followed by NLP (8,618), Computer Vision (5,810), and AI/ML Engineers (2,215). The rapid rise in digital transformation has increased the demand for data engineering capabilities manifold. Most companies are focusing on creating a robust data pipeline that data science teams can leverage. Currently, the dearth of data engineers is felt more than data scientists. Download the complete report here
The data science/analytics jobs figure for April 2022 witnessed a 30.1% increase in open jobs compared to last year (April 2021).
The data science/analytics jobs figure for April 2022 witnessed a 30.1% increase in open jobs compared to last year (April 2021).
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Rahul is a Research Analyst at AIM, primarily focused on report writing in the space of AI and ML. Prior to joining AIM, Rahul spent 2.5 years in the market research industry, tracking, analysing, sizing, financial statement analysis, and revenue modelling for software and public cloud services companies in the global market.