Over 93,500 data science jobs vacant in India: Study

a person wearing a costume: Over 93,500 data science jobs vacant in India: Study

Over 93,500 data science jobs vacant in India: Study

A study on jobs and hiring trends in analytics and data science domains conducted by Great Learning, one of India’s leading EdTech companies for professional and higher education reveals that over 93,500 data science jobs were vacant in India at the end of August 2020. The study provides a comprehensive view of the data science job landscape in 2020, including the impact that Covid 19 has had on the vacancies in the sector.

Demand despite Covid-19 fury

Despite Covid 19, the enthusiasm and optimism around the analytics function in India continues to remain high with India contributing 9.8% of the total global analytics job openings in August 2020 compared to 7.2 per cent in January this year. While the sector did witness a slight decrease in vacancies (from 109,000 vacancies in February to 82,500 vacancies in August 2020), the demand has continued to be fairly consistent across key industry sectors.

The factors contributing to the increased demand include a year-on-year increase in funding in Indian analytics startups, investment in the development of enhanced analytics capabilities in India, and a greater proportion of jobs outsourced to firms based in India owing to the pandemic. The current demand is dominated by MNC and Domestic IT and KPO organizations that are shifting jobs to India and are recruiting in large numbers.

Hiring by experience levels

The study reveals the growing demand for mid and senior level professionals with over 7 years of experience in 2020. While 2019 was dominated by young professionals in terms of the number of jobs available, this is the year when the industry is pulling all the stops for the mid-level and senior counterparts.

Professionals with more than 7 years of experience commanded the highest proportion of jobs with a share of 14.9 per cent in August 2020, up from 12.5 per cent in January 2020 and 6.7 per cent last year. Interestingly, the demand for those with 10 to 15 years of experience increased to 11 per cent in August 2020 after doubling to 8.6 per cent in January 2020 from last year.

The demand for those with 15+ years of experience has also witnessed a big leap to 4.9 per cent in August 2020 after almost tripling to 2.8 per cent in January 2020 from 1.0 per cent last year.

City-wise demand

Bengaluru continues to create the maximum number of jobs, contributing around 23% of analytics jobs in India, a marginal increase from last year, followed by Delhi/ NCR at 20 per cent and Mumbai at approximately 15 per cent. Other popular metros like Hyderabad, Pune, and Chennai witnessed marginal growth in the proportion of jobs in August 2020 over last year.

Interestingly, the proportion of jobs advertised for Tier-II and Tier-III cities, has increased this year to 10.5 per cent from 8.4 per cent in January 2020. This is mainly because the outbreak has led to the adoption of remote working and hiring. This trend is expected to last till the second quarter of 2021.

Industry-wise demand

Despite the BFSI sector continuing to be the largest recruiter of analytics and data science talent(outside of IT), creating around 35 per cent of all analytics jobs in the country, the contribution of the sector has been going down year on year from 41 per cent in 2018 to 38.3 per cent in 2019 and 35 per cent in August 2020.

Interestingly, pharma sector has seen an increase in the proportion of analytics jobs at 16.3 per cent, an overall increase of 3.9 per cent over the last year. This is due to the focus on developing vaccines and other cures for the Covid 19 virus.

The hiring in the sector has also shown an upward swing owing to heightened demand and increased competition. Other sectors like E-commerce, Energy and Utilities, Media and Entertainment, Retail and Telecom have also shown a greater appetite for analytics talent this year.

Top recruiters

The 10 leading organisations with the most number of analytics openings this year are dominated by the IT and KPO players such as Accenture, Mphasis, Cognizant Technology Solutions, Capgemini, Infosys, Tech Mahindra, IBM India, Dell, HCL, and Collabera Technologies.

They are increasingly hiring for roles like Analytics Specialist, Data Scientist, Decision Science Manager, Business Analyst, Analytics Manager, Statistical Modelling, Statistical Analyst, Marketing Research Analytics, and Operations Analytics Manager.

When it comes to the IT sector, almost 68 per cent of the demand is getting generated by MNC IT and KPO Service Providers, the highest this year but have decreased from 74.6 per cent at the start of the year. Jobs in captive centres in India which stated one of the highest analytics job requirements 3 years ago, have now fallen to 5.8% in August 2020.

Salary trends

The study further reveals that the median salary for data science professionals in India stands at Rs 9.5 Lakhs/annum in 2020 as per the listed job openings (the actual salary is generally higher than the listed salary). For those with more than a decade of experience, packages are in the range of Rs 25 lakhs to Rs 50 lakhs depending on the role and expertise.

Skills in demand

The demand for Python professionals continues to remain the highest among recruiters with almost 27 per cent of the jobs requiring Python as the core skill. It is closely followed by Java/JavaScript that is witnessing a 22 per cent demand. R comes third in the list at 10 per cent, the same as last year.

Among Dashboarding and BI tools, Tableau skills are most in-demand with 11 per cent demand in August 2020, followed by Microsoft Power BI contributing 6.5 per cent demand. With greater adoption of cloud platforms across enterprises, the demand for cloud solutions including AWS (15 per cent), Azure Skills (9.7 per cent), and Google Cloud (5 per cent) continued to soar even during the lockdown.

Hari Krishnan Nair, Co-founder, Great Learning said, “Over the last year, we have seen an immense growth in the demand for professionals proficient with skills in data science and analytics. A key reason for this is the increased availability of top of the line analytics talent in India which has led to captive firms and international IT and KPO corporations moving more of their business to India, investing in newer technologies and digital competencies and opening new positions here. The talent pool in our country has been looking for avenues to learn, upskill, and accelerate their careers, and this rise in demand has been seen at a very opportune moment. To unlearn, learn and reskill is now an imperative for professionals to stay ahead of the curve.”

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