Despite the coronavirus pandemic, India contributed 9.8 percent to the total global analytics job openings in August 2020 compared to 7.2 percent in January this year, by edtech firm Great Learning
As many as 93,500 data science
jobs were vacant in India at the end of August 2020, showed a study by edtech
firm Great Learning.
The study said despite the
coronavirus pandemic, India contributed 9.8 percent to the total global
analytics job openings in August 2020, compared to 7.2 percent 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 May 2020), the demand has continued to be fairly consistent across
key industry sectors.
Moneycontrol reported that
close to 10.8 million jobs have been lost so far due to the pandemic and the
subsequent lockdown.
Data science jobs provide an
alternative career option to these job seekers, provided they are upskilled to
meet the demands of the role.
According to the Great Learning
study, the factors contributing to the increased demand for data science
include a year-on-year increase in funding in Indian analytics startups and
investment in the development of enhanced analytics capabilities in India,
among others.
"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,” said Hari Krishnan Nair, Co-founder, Great
Learning.
The research presented in this
report has been collected from publicly available data, including news reports,
job sites, and other information sources.
Hiring
by experience levels
The study showed that there is a
demand for mid- and senior-level professionals with over seven years of
experience in 2020. Last year was dominated by the demand for young
professionals.
Professionals with more than 7
years of experience commanded the highest proportion of jobs with a share of
14.9 percent in August 2020, up from 12.5 percent in January 2020, and 6.7
percent last year.
Interestingly, the demand for
those with 10 to 15 years of experience increased to 11 percent in August 2020
after doubling to 8.6 percent in January 2020 from last year.
The demand for those with mora
than 15 years of experience has also witnessed a big leap to 4.9 percent in
August 2020 after almost tripling to 2.8 percent in January 2020 from 1 percent
last year.
City-wise
demand
Bengaluru continues to create the
maximum number of jobs, contributing around 23 percent of analytics jobs in
India, a marginal increase from last year, followed by Delhi-NCR at 20 percent,
and Mumbai at approximately 15 percent.
Other popular metros like
Hyderabad, Pune, and Chennai witnessed marginal growth in the proportion
of jobs in August 2020 over the last year.
Interestingly, the proportion of
jobs advertised for Tier-II and Tier-III cities has increased this year to 10.5
percent from 8.4 percent in January 2020.
Great Learning said this is
mainly because the pandemic 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
Apart from IT, the BFSI sector is
the largest recruiter of analytics and data science talent (outside of IT),
creating around 35 percent of all analytics jobs in the country.
Among others, the pharmaceutical
sector has seen an increase in the proportion of analytics jobs at 16.3
percent, an overall increase of 3.9 percent over the last year. This is due to
the focus on developing vaccines and other cures for the novel coronavirus.
Top
recruiters
The list of 10 leading
organisations with the most number of analytics openings this year is 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.
When it comes to the IT sector,
almost 68 percent of the demand is getting generated by MNC IT & KPO
Service Providers, the highest this year but have decreased from 74.6 percent
at the start of the year.
Jobs in captive units in India,
which stated one of the highest analytics job requirements three years ago,
have now fallen to 5.8 percent in August 2020.
Salary
trends
The study further reveals that
the median salary for data science professionals in India stands at Rs 9.5 lakh
per annum in 2020 as per the listed job openings.
For those with more than a decade
of experience, packages are in the range of Rs 25 lakh to Rs 50 lakh depending
on the role and expertise.
Skills in
demand
The demand for Python professionals
continues to remain the highest among recruiters with almost 27 percent of the
jobs requiring Python as the core skill.
It is closely followed by
Java/JavaScript that is witnessing a 22 percent demand. R comes third in the
list at 10 percent, the same as last year.
Among Dashboarding and business
intelligence (BI) tools, Tableau skills are most in demand at 11 percent in
August 2020, followed by Microsoft Power BI contributing 6.5 percent.
With greater adoption of cloud
platforms across enterprises, the demand for cloud solutions including AWS (15
percent), Azure Skills (9.7 percent), and Google Cloud (5 percent) continued to
soar even during the lockdown.
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