Data Analytics Salary in 2023 [How much Experienced & Freshers make!]

Introduction

Wondering what is data analytics salary in the United States? Well, according to the U.S. Bureau of Labor Statistics, the average data analyst salary is $100,560, while HR consulting firm Robert Half indicates a median salary of $106,500 for a data analyst. 

But if you are thinking why is this so much in demand & salary for data analyst is so high! Let’s give you an even better insight. According to Forbes, 92% of companies use data and analysis to better understand marketing. And if you are seeking a new career opportunity to become a data analyst this is the time to be.  

Another determining factor behind high data analytics salary in data science is that organizations realize the power of big data and want to use it to boost intelligent business. The majority of companies process a massive amount of data. Pick any organization, and you'll see how dependent it is on data for its ongoing success.

In this article, you'll discover how much data analysts make on average, how diverse factors, such as experience, industry, location, and job title, can affect your data analyst's salary. As well, learn to boost your career as a data analyst with huge earning potential.

So what are you waiting for! Let's dive into it straight for a better understanding of data analytics salary!

Data Analyst: What Makes Them Important in 2022!

According to job listing site Glassdoor, the average data analyst salary in the US in 2022 is $69,517.

Data analysts use mathematical and analytic methods to turn data into better data-based business decisions. As the amount of data available to enterprises increases, the demand for qualified data analysts to process and interpret them also increases. Thus, increasing salary for data analyst.

With so much data available, Data Analysts are trained to answer:

• What does all this information mean? 
• What is important and what can be excluded?
• How do these insights contribute to future marketing plans?
• How does this information relate to the performance of a specific campaign? 

And this is what makes them highly valuable and salaried. But, several factors may affect your salary as a Data Analyst. 

So what are you waiting for! Let's dive into it straight for a better understanding of data analytics salary!

Read: How to Become Data Analyst? 

Attract Top Salary: Factors Affecting A Data Analyst Salary

It's no secret that data analysts can bring tremendous value to this table. Companies want to hire a person who can give businesses a better idea of what has worked well, what has not worked, what to do differently in the future, and what to comply with. 

So, here are some of the factors that make employers prepared to pay the highest salaries for talented data scientists.

• Experience
• Job title
• Industry
• Company size
• Region
• Education

Data Analyst Salary: Your Experience Is Worth In Gold

(Source: Builtin)

A major factor that can affect your data analytics salary is your level of experience, Data analysts earn an average of $2,000 to $2,500 more per year of experience. Here are the average annual data analyst salaries based on experience level:

Entry-level data analyst salary (0-1 Years)

Data analyst salary entry level is quite good. Despite a recent influx of professionals at the beginning of their careers, the entry level data analyst salary remains high at $71,819. 

Mid level data analyst salary(1-5 Years)

• 1-3 years- $75,586
• 3-5 years- $84858

A data analyst starting salary is quite high but these figures tell us why experience matters. While the average salary for data analyst professionals is provided above if they shift to the managerial role it increases up to $195,000. 

Experienced data analyst salary(5+ years)

• 5-7 years- $95244
• 7+ years- $105,517

Thinking, how much do data analysts make after so many years of experience! While the average salary of data analyst professionals is provided above if they shift to the managerial role it increases up to $250,000 

Although wages are certainly an important consideration when deciding which industry to work in, it is also essential to consider the job profile that suits your needs. So, let's jump into the next segment of data analyst salary. 

Data Analyst Salary: How Much Does Your Dream Job Title Pay

Another factor affecting the data analytics salary is the job title. Securing a job as a data analyst could be the first step in your data career. In O'Reilly's Data Science Salary Report, 45% of respondents said they held the title of "Data Analyst". 

Now, here are a few of the job titles that you obtain once you gain experience and new data science skills:

• Junior Data Analyst- $61,439
• Junior Business Analyst- $66,353
• Data Analyst- $78,092
• Business Analyst- $82,712
• Business Intelligence Analyst-  $87,631
• Senior Data Analyst- $97,779
• Business Intelligence Developer- $100,582
• Data Scientist- $123,397
• Business Intelligence Manager- $124,480
• Director of Analytics- $157,279
• Data Engineering Manager- $158,916
• Engineering Manager- $162,423
• Chief Information Officer- $215,812

(Source: Builtin)

Although job profiles are certainly an important consideration when deciding which industry to work in, it is also essential to consider the industry that suits your needs. So, let's jump into the next segment of data analyst salary. 

Data Analyst Salary: What Industries Pay the Highest?

(Source:  O’Reilly Salary Data Science Salary Report)

Another factor affecting the data analytics salary is the industry you work in. The other benefit of working as a data analyst is that so many different industries employ data analysts to make better business decisions. However, in case you are torn about which industry to work as a data analyst, these average wages could help you in the decision-making process.

• Natural Resource and Mining- $107,000 - $117,000
• Entertainment- $70,000
• Hardware and Networking- $67,000
• Scientific, and Technical Services- $80,408
• Utilities- $74,000 - $79,000
• Software and IT services- $65,000
• Finance- $65,000
• Energy and mining- $63,000
• Manufacturing- $55,000 - $59,000

(Source: Linkedin)

Although which industry you work in is certainly an important consideration when deciding where to work, it is not a secret that the size of a company alters the pay.

So, let's jump into the next segment of data analyst salary. 

Data Analyst Salary: What Skills Are Recruiters Looking For!

(Source: Payscale)

Another factor affecting the data analytics salary is the skills that you acquire. Most organizations – especially product-driven businesses are looking for skills in statistical analysis, SQL, and Machine Learning as a must-have. The skills are a must because analysts need a flexible skillset and they should be able to adapt to new analytical tools and technologies. And these increase the data analyst salary.

It is clear from the above data that the skills of data analysts like SQL and Statistics pay higher wages than the average of data analysts.

But here are few more information on skills that might come in handy:

• Data analysts who know Informatica earn 29.33% above the average wage.
• Data analysts aware of Apple keynote & Adobe analytics earn 123.64% & 34.06% more than the average wage respectively.
• According to statistics, data analysts who know Tableau earn 15.61 % more than the average salary.

High Salaried Jobs Related to Data Analyst

The salary for a data analyst is high but if you don’t want to remain just in the data analyst segment, here are a few similar profiles related to data analyst jobs that you can apply for expanded career opportunities &, after completing the Data analyst training and doing further upskilling (if needed).

• Administrative Assistant

Avg. Salary: $30k — $58k

• Software Engineer

Avg. Salary $64k — $130k

• Project Manager, (Unspecified Type / General)

Avg. Salary: $50k — $115k

• Operations Manager

Avg. Salary: $44k — $107k

• Office Manager

Avg. Salary: $35k — $71k

• Customer Service Representative (CSR)

Avg. Salary: $29k — $56k

• Financial Analyst

Avg. Salary: $49k — $83k

• Software Developer

Avg. Salary: $51k — $107k

• Senior Software Engineer

Avg. Salary: $89k — $160k

So, here are some of the similar professions related to data analyst & data analyst salary. What's next! Let's move on to the segment where we tell you How can you “Really” Boost your Data Analyst Salary

How can you “Really” Boost your Data Analyst Salary

We have already answered the question of “how much does data analyst make?”. Now let's find the best way to boost your salary is to upgrade your skills in data analytics. Here are a few proven ways to resurrect your data analyst salary and get a career position that will suit you.

• You can opt into the graduate program in Data Science and Business Analytics.
• You can also uncover the true value of data with data analytics & SQL certification programs which will skill you up.
• Upgrade your business acumen, scientific curiosity, and strong leadership and communication skills with a proven soft skills training program. 

Well! Are you inexperienced or a fresher who also is willing to take a share of this priceless data analyst career! Let's take a look at our next segment of data analyst salary. 

Read: Top 30 Data Analyst Interview Questions And Answer

Why go for Data Analyst Certification: Here’s why!

The world of a data analyst is unlimited, and to project that here is how you can proceed your career from a junior level data analyst to one who becomes a manager or even a chief technical officer with experience & knowledge in the future. 

But then this is why a certification becomes really important. Want to know why! Let's take a look at them.

Strong demand for Data analytic professionals

According to the U.S. Bureau of Labor Statistics, the industry is expected to create approximately 11.5 million new jobs by 2026. Plus, professional certifications and certificates can validate your qualifications with employers at a fraction of the cost of a degree.

Thus making a Data Analytic certification extremely important.

Big data analysis is an absolute priority for many organizations

Approximately 77% of major organizations view data analysis as a critical factor in their growth. And with only 9% certified professionals hailing from math & computer background. It's ok to have skills but In order to rise above the competition and stand out, it is essential to be certified as well.

Skyrocketing salaries

According to the U.S. Bureau of Labor Statistics, the average data scientist salary is $100,560, now and by 2030 with almost 30 million+ vacancies the need for quality data analyst will never get over. Thus a certification will certainly skyrocket your data analyst salary.

Organized learning approach

By completing certification courses in structured data analysis, you learn each of the key areas of data analysis in an organized and logical way. Thus boosting your industry knowledge and standing apart from your competition.

No prerequisite to be certified

You can be a fresher or a professional. There are no prerequisites while choosing a course. As long as you invest the time and effort required to complete the course, you should be able to become certified. Most importantly, you will acquire the skills needed to become a data analytics professional.

Well, we have covered it all. So, let's share our final thoughts on data analyst salary. 

Final Thoughts!

The US Bureau of Labor Statistics estimates that data analyst employment will rise by more than 25% between 2020 and 2030, much faster than any other occupation. Thus skyrocketing data analyst salary.

The demand for the data analyst position is increasing and becoming increasingly inevitable in the growth of the business. As more people recognize the profitable and exciting data analytics industry, roles are becoming more competitive & the demand for better data analyst salaries is increasing at a rapid pace. 

Having said this, the data analyst salary has increasingly become dependent on the certification and training you require for growth. Remember, the salaries that are provided above are simply figures, the real influence of your salary is your skillset.

What's next! We have covered it all. So, are you ready to give your career a boost with data analyst certifications & training? At Janbask Training, our mission is always to offer our learners state-of-the-art teaching and the best online learning experience.

Have Questions on Data Analyst Salary? Let’s Put You on the Right Path!

Q1). Can a Master’s degree increase my data analyst salary?

Ans:- Although it is not always necessary to have a degree to get a job as a data analyst, an undergraduate degree is the most frequent basic training. Although a master’s degree certainly can rake up your salary.

Q2). Do data analysts work from home?

Ans:-  Yes, data analysts would be able to work from home as their role is to obtain, clean, interpret and communicate data for meaningful insights. 

Q3). Is coding a necessary skill to increase data analyst salary?

Ans:- No, coding is not an integral component of the work of a data analyst. However, a basic knowledge of programming languages may assist in handling complex issues.

Q4). Is data scientist a different profession as compared to data analyst?

Ans:-  Data analysts can progress to become data scientists in their career, to gain more insight on this topic check out our blog “Data science vs data analyst ”.

Q5). What is the difference between a Business analyst & a Data analyst? 

Ans:- The role of a data analyst and a business analyst varies in an organization. To gain more insight on this topic check out our blog “Business analyst vs Data analyst”

Still having an issue! Leave us a comment or even better, reach out to us. At JanBask Training, we are always there for you.