MBA in Data Science Salary 2024: Average Salary Package, Top Job Roles

MBA in Data Science Salary 2024: Average Salary Package, Top Job Roles

Updated on 10 Sep 2024, 12:12 PM IST

The average MBA in Data Science salary in India is approximately Rs. 8.4 lakhs per annum. This is the number that a candidate can expect at the start of their professional career post-MBA. The data science specialization in MBA is fairly new. With companies becoming more and more data-driven in their major decision making the demand for data science MBA professionals is also increasing significantly. An MBA with a focus on data science can lead to a promising career not just in India but also abroad. With experience candidates also can seek the opportunity to serve in international roles of data science manager.

This Story also Contains

  1. MBA in Data Science Salary
  2. MBA in Data Science Salary Average Package
  3. Top Companies Offering MBA in Data Science Salary
MBA in Data Science Salary 2024: Average Salary Package, Top Job Roles
MBA in Data Science Salary

MBA in Data Science Salary

The MBA in data science salary can vary for different colleges. Educational background will also play an important role as candidates with an engineering background in data science are preferred for certain positions. The different factors that influence the MBA in data science salary are mentioned in the table below.

Factors Affecting MBA in Data Science Salary

Factors

Impact on MBA in Data Science Salary

Industry/Sector

Some industries rely much more heavily on consumer and other data factors to derive their operations efficiently than others. Consumer sectors like retail and e-commerce can pay a higher MBA in data science salary than others.

Job Location

Top-tier countries where data science has already been in action for some years can hire MBA candidates with Data Science skill sets for senior roles in the organization.

Job Role

Job roles such as data science manager, business intelligence analyst, and senior data architect can have great salary packages for which to be compensated.

Demand

The demand of data science MBA professionals also plays a crucial role in determining the MBA in data analytics salary. A higher demand among companies generally leads to a higher salary package and vice versa.

Experience Level

Candidates with prior experience in similar roles tend to get higher compensation as compared to the freshers.

Company Specific Factors

Different companies have factors specific to them when it comes to compensating employees. Some companies would give ESOPs to employees other than the salary packages. Some can offer a one-time joining bonus along with a fixed salary package.

MBA in Data Science Salary Average Package

The average package for an MBA in data science for different data-related roles is given in the table below.

Data Science Job Roles

Data Analytics MBA Salary Average Package

Data Analyst Salary

Rs. 6 to 15 Lakhs per annum

Data Scientist Salary

Rs. 8 to 25 Lakhs per annum

Data Analytics Manager Salary

Rs. 15 to 30 Lakhs per annum

Data Science Lead/Director Salary

Rs. 20 to 50 Lakhs per annum

Chief Data Officer Salary

Rs. 40 to 70 Lakhs per annum

Executive Roles Salary

Rs. 40 to 60 Lakhs per annum

Top Companies Offering MBA in Data Science Salary

The top companies offering MBA data analytics salaries along with specific roles are listed in the table below.

S No.

Top Companies Offering MBA in Data Science Salary

Job Roles

1.

Google

  • Data Scientist

  • Product Data Scientist

  • Data Analytics Lead

2.

Amazon

  • Data Scientist

  • Senior Data Scientist

  • Data Analytics Manager

3.

Meta

  • Data Scientist

  • Data Insights Lead

  • Analytics Manager

4.

Microsoft

  • Data Scientist

  • Senior Data Scientist

  • Data Science Manager

5.

IBM

  • Data Analytics Manager

  • Data Scientist

  • Senior Data Consultant

6.

Accenture

  • Data Analytics Consultant

  • Data Science Manager

  • Business Analytics Lead

7.

TCS

  • Analytics Lead

  • Data Scientist

  • Senior Analyst Data

8.

Infosys

  • Data Analytics Manager

  • Data Scientist

  • Senior Data Consultant

9.

Wipro

  • Business Analytics Lead

  • Data Scientist

  • Senior Data Consultant

10.

HCL Technologies

  • Data Analytics Manager

  • Analytics Consultant

Frequently Asked Questions (FAQs)

Q: What are the job roles for MBA data science students?
A:

The various job roles for MBA in data science include Product Data Scientist, Data Analytics Lead, Data Analytics Manager, Analytics Consultant, Business Analytics Lead, and Senior Data Consultant.

Q: What is the role of an MBA in data science?
A:

An MBA in data science equips candidates with skills like data analysis, data insights, data management, etc which are important to make data-driven decisions at the senior levels in an organization.

Q: Is an MBA useful for data scientists?
A:

Data scientist can pursue an MBA in data science for more advanced learning. It helps develop data-driven management skills for companies to make operations more efficient and products more customer-centric.

Q: What is the salary of an MBA in data science?
A:

The average MBA in Data Science salary in India is approximately Rs. 8.4 lakhs per annum. This is the number that a candidate can expect at the start of their professional career post-MBA.

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