Careers in Analytics

We’re do­ing an ana­lyt­ics road­show with UpGrad, AnalyticsVidhya and IIIT-B. The event’s tagline is “The next 100 thou­sand jobs in ana­lyt­ics.”

How far away are 100,000 jobs? Not far at all — Naukri re­ports 36,000 act­ive ana­lyt­ics jobs, while LinkedIn has 22,000 ana­lyt­ics pro­fes­sion­als in India already.

It’s use­ful to un­der­stand where these jobs are com­ing from. Let’s ex­plore the Naukri data­base.

To be­gin with, we find that the IT in­dustry is ab­sorb­ing al­most half of all of the ana­lyt­ics jobs. Banking is the second largest, but trails at al­most one fourth of IT’s re­cruit­ing volume. It is in­ter­est­ing that data rich in­dus­tries like Retail, Energy and Insurance are trail­ing near the bot­tom, lower than even con­struc­tion or me­dia, who handle less data. Perhaps these are ripe for dis­rup­tion through ana­lyt­ics?

Among Bangalore leads the cit­ies, fol­lowed closely by the Delhi NCR. Mumbai is next. Between them, they cov­er over 50% of the de­mand. These cit­ies are also hubs not just for ana­lyt­ics, but for any data job in gen­er­al.

Does this mean you need to be in Bangalore look­ing for an IT job to get in­to ana­lyt­ics? Well, it does help, but it’s use­ful to know which com­pan­ies are re­cruit­ing spe­cific cit­ies. For ex­ample, at Hyderabad, pharma com­pan­ies like Novartis Healthcare and E I DuPont are re­cruit­ing act­ively. So are fin­an­cial ser­vices com­pan­ies like Invesco and Thomson Reuters.

These jobs typ­ic­ally pay between 6-10 lakhs. Of course, this var­ies based on level of ex­per­i­ence. There are 30 open po­s­i­tions today that pay over Rs 1 cr, as well as over 5,000 po­s­i­tions that pay un­der Rs 3 lakhs. But there’s no doubt that a ca­reer in ana­lyt­ics is luc­rat­ive and has a heavy up­side — at least for the scale of re­cruit­ing that is on­go­ing. (Investment bank­ing does pay more. But there are far few­er jobs.)

The most com­mon edu­ca­tion­al re­quire­ment is an en­gin­eer­ing de­gree, fol­lowed by an MBA. Among the gradu­ates, the pref­er­ence for en­gin­eers is over­whelm­ing, and the de­mand for a B.Com, B.Sc or B.A is less than a sixth of the de­mand for an en­gin­eer. On the post-graduation side, the dif­fer­ence is less stark. An MBA is pre­ferred mar­gin­ally over M.Tech who are pre­ferred mar­gin­ally over CA, MCA or MS.

So there you are. The clas­sic can­did­ate for an ana­lyt­ics job is an en­gin­eer with an MBA work­ing for a soft­ware com­pany in Bangalore. But there’s enough room for ana­lyt­ics jobs for any gradu­ate in Hyderabad in pharma com­pan­ies, or in Pune at tele­com com­pan­ies and so on.

What you need is to pre­pare your­self with the right skills. Join us at the ana­lyt­ics road­show. We’ll ex­plain what it takes.

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