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This article discusses Data Scientist Salary in UK & Comparison with Salaries in India.
It’s true that “data scientist” is one of the most sought-after roles over the world. We have seen more and more postings for data science positions, especially on LinkedIn, and other similar job-posting sites because Companies are eager to capture data and derive insights from it because of the technological advancements we are seeing. A data scientist creates a bigger impact on the company’s value which leads to them being highly compensated for their efforts and skills and because of this reason, companies are not shying away from offering increased data scientist salaries.
So, if you enjoy data science and expect to build your brand and career in it, then you can expect to have high payouts. If you are searching for salary details of data scientists in the UK and in India and want to know more about this then this article going to enrich you with all the necessary information. So, keep on reading this article!
Why To Work as Data Scientist? - Key Reasons
I) Highly in-demand field.
II)Availability of highly-paid and diverse roles.
III)Evolving workplace environments.
IV)An Ever-Evolving Field
V)Helping the world
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Average Salary of Data Scientist in the UK
The United Kingdom is a great place to work if you want to be employed as a data scientist. There isn’t a shortage of exciting job opportunities. A Data Scientist salary in UK ranges between approximately 57,000 GBP - 180,000 GBP (55 lakhs- 1.75 Cr). Typically, a Data Scientist earns an average salary of 116,000 GBP (up to 1,14 Cr)per annum. However, this salary may vary from one company to another and also depending on the city in the UK where you find employment in.
Data Scientist Salary in the Major Cities of the UK
London Approximately 58,000 GBP (50-55 lakhs)
Manchester Approximately 51,000 GBP (50-52 lakhs)
Edinburgh Approximately 51,500 GBP (48- 52 lakhs)
Cambridge Approximately 50,000 GBP (50 lakhs)
Bristol Approximately 45,000 GBP (43-45 lakhs)
Oxford Approximately 48,000 GBP (47-50 lakhs)
Leeds Approximately 40,500 GBP (30-40 lakhs)
Average Salary of Data Scientist in India
According to upgrad.com, “data scientist” is the highest-paying job in India. Data scientists are highly paid due to the ever-evolving nature of this field. Data Science Salary in India varies depending on the roles and responsibilities of candidates.
The entry-level average Data Scientist salary in India is Rs. 800750 per annum.
The mid-level average salary of Data Scientist in India is Rs. 1420229 per annum.
The senior-level Data Scientist salary in India is Rs. 1847542 per annum.
Data Scientist Salary in the Major cities of India
Banglore ₹8,40,000
Mumbai ₹7,45,000
Hyderabad ₹6,70,000
Gurugram ₹5,90,000
Pune ₹5,20,000
Same Job Different Salary - India Vs UK
The cost of living in India is one of the lowest globally while the UK is one of the most expensive places to live. This can partly explain the difference in salary. The average cost of living in India is 77% less expensive than in the United Kingdom. The average after-tax salary is enough to cover living expenses for 1.3 months in India compared to 1.6 months in the United Kingdom.
Data Scientist Job Outlook 2023
- The employment rate for data scientists will grow by 36% from 2021 to 2031.
- 49% of the job ads on LinkedIn are in the IT & Tech industry.
- Only 33% of job ads specifically require a data science degree.
- The most in-demand technical skills for data science experts are Python and SQL.
- Entry-level positions account for 55% of job offers.
- The average salary for a Data Scientist is £50,028 (49 lakhs -55 lakhs) in the United Kingdom.
- The estimated total pay for a Data Scientist is ₹12,31,056 per year in India.
Conclusion
If you are willing to keep yourself updated with the latest technology and advancements in the industry, then you are supposed to grow onward and upward in your career as a Data Scientist. The Data Scientist salary in India or UK is directly or indirectly dependent upon how upskilled and updated he or she is.
This article was written to give you an overview of Data Scientist Salary in UK & Comparison with Salaries in India. We hope you like this article!
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Frequently Asked Questions
What is the average salary of a data scientist in the UK?
The average salary of a data scientist in the UK varies depending on factors such as experience, location, and industry. However, as of [insert year], data scientists in the UK typically earn between £40,000 to £70,000 per year.
How does the salary of a data scientist in the UK compare to salaries in India?
The salary of a data scientist in the UK is generally higher than in India due to differences in cost of living, demand for skilled professionals, and economic factors. While the average salary for a data scientist in India ranges from INR 6,00,000 to INR 15,00,000 per annum, in the UK, it ranges from £40,000 to £70,000 per annum, which, when converted to INR, is approximately INR 38,00,000 to INR 66,00,000 per annum.
What factors contribute to salary differences between data scientists in the UK and India?
Several factors contribute to salary differences between data scientists in the UK and India, including the level of experience, skills, education, industry demand, and geographical location. Generally, the UK offers higher salaries due to its higher cost of living and demand for specialized talent compared to India.
Are there any notable trends in the salary growth of data scientists in the UK and India?
Over recent years, there has been a steady increase in the demand for data scientists globally, including both the UK and India, leading to upward trends in salary growth. However, salary growth rates may vary based on economic conditions, industry demand, and advancements in technology. It's essential for data scientists to stay updated with industry trends and continuously enhance their skills to remain competitive in the job market.
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