Top 7 Lucrative Data Analytics Careers to Pursue in 2023


Jun 5, 2023
Top 7 Lucrative Data Analytics Careers to Pursue in 2023

A data-driven world will always require skilled professionals like Data Scientists or Data Analysts as long as data analytics remains the fundamental aspect of the new economy. From finance to healthcare, various major industries use data analysis for their growth. Since most modern organizations are adopting data analysis, data analytics careers are often lucrative and in demand. The data analytics job market was worth $23 billion back in 2019, and by 2026,it is expected to be $133 billion.

What Is Data Analytics?

Data Analysis is the examination and evaluation of data to find meaningful trends, patterns or insights. The process of Data Analysis uses various tools and techniques which are particular to the type of data to be analyzed. With the help of Data Analysis, a lot of organizations are making informed decisions, eventually making them stronger as an organization.

Here are some of the roles that a Data Analyst performs in an organization:

    Collecting and cleaning data

    Conducting statistical data analysis

    Collaborating with other organizational teams.


Why Should One Choose A Career In Data Analytics? 

Are you an aspiring Data Analyst wondering whether going for this career is worth it? There are many reasons which make a career in Data Analysis worth it. Here are some of the reasons why many pursue this career.


    Career Advancement: Whatever level of expertise you have, you can work as a Data Analyst at any level - you can start at entry-level and move up to managerial levels to advance your career and handle more tasks.


    Future Proof Career: The demand for Data Analysts remains high for a long time and will remain or even increase in the coming years. If you are looking for a future-proof option, then this career option will definitely not disappoint you.


    Variety Of Roles To Choose From: As more and more industries and organizations are reliant on data, different industries or organizations offer different roles related to Data Analytics. Apart from these, there are also various roles within the same organization.


Top 7 Lucrative Careers in Data Analytics


As we mentioned, you could choose from various roles; here, we have compiled some top Data Analytics careers that pay the highest, their roles and responsibilities, and what skills you will need for those roles.

Data Scientist  


Using statistical and Machine Learning techniques, Data Scientists analyze and interpret complex data sets. As a Data Scientist, you will also develop models and algorithms for data analysis.

Roles and responsibilities


    Gathering data from different sources and cleaning them

    Developing and implementing machine learning models and algorithms for data analysis 

    Keeping up with the latest data analysis technologies and advancements

Required skills

    Background in computer science, mathematics, and statistics

    Understanding and hands-on experience with programming languages like Python and R.

Salary insights:

    US: $1,21,078

    India: ₹12,00,000

    UK: £50,028


Source: https://www.glassdoor.co.in/Salaries/india-data-scientist-salary-SRCH_IL.0,5_IN115_KO6,20.htm?clickSource=searchBtn

Data Engineer

As a Data Engineer, you will be dealing with the design, development and maintenance of data infrastructure used for Data Analysis. This position requires you to act as a bridge between the developers and traditional data science positions, which means it requires technical skills, also.

Roles and responsibilities

    Designing and developing infrastructures and systems that are used for Data Analysis

    Ensuring the security and accuracy of data


Required skills

    Programming skills like Python, Java, SQL

    Hands-on experience with big data technologies like Hadoop, Spark, etc.

Salary insights

    US: $1,14,168

    India: ₹8,00,000

    UK: £49,242


Source: https://www.glassdoor.co.in/Salaries/india-data-engineer-salary-SRCH_IL.0,5_IN115_KO6,19.htm?clickSource=searchBtn

Data Architect

Data Architects aren’t necessarily directly associated with analyzing data, but they design and create blueprints for data management and storage systems. Like Data Scientists, Data Architect is also a desirable job profile within the data science field.

Roles and responsibilities

    Create data monitoring models, particularly for different products

    Ensuring the integrity and security of databases within an organization

     Recommend solutions and new database storage

Required skills

    Programming languages like Python, Java, Perl, C/C++

    Understanding of concepts like predictive modeling, Machine Learning, NLP and text analysis


Salary insights

    US: $1,28,222

    India: ₹22,00,000

     UK: £71,928


Source: https://www.glassdoor.co.in/Salaries/india-data-architect-salary-SRCH_IL.0,5_IN115_KO6,20.htm?clickSource=searchBtn

Quantitative Analyst

This area of Data Analysis is associated with leveraging mathematical and statistical techniques for valuable financial decision-making. As a Quantitative Analyst, you will work in areas like trading, risk and portfolio management, etc.

Roles and responsibilities

    Finding patterns and trends in financial datasets

    Working on quantitative investment strategies to develop and implement them

    Leverage mathematical and statistical techniques for the development of economic systems.

Required skills

    Background in mathematical or quantitative areas like engineering, physics and mathematics

    Programming languages like Python, R, Basel III, etc.

Salary insights

    US: $1,17,335

    India: ₹14,00,000

     UK: £79,258


Source: https://www.glassdoor.co.in/Salaries/india-quantitative-analyst-salary-SRCH_IL.0,5_IN115_KO6,26.htm?clickSource=searchBtn

Database Administrator

Database Administrator has sufficient knowledge about general structures, data storage, warehousing, etc., as they have to ensure that the database storage and structure meet the needs of a particular organization.

Roles and responsibilities

    Maintaining the policies and standards of databases, along with maintaining availability and performance

    Monitoring different database statuses like usage, concurrency levels, transaction volumes, response times, etc.

Required skills

    A background in IT, Computer Science, Engineering, etc.

    Understanding and hands-on experience with SQL and database technologies

    Familiarity with programming languages and coding

Salary insights

    US: $89,758

    India: ₹7,00,000

    UK: £38,431


Source: https://www.glassdoor.co.in/Salaries/india-database-administrator-salary-SRCH_IL.0,5_IN115_KO6,28.htm?clickSource=searchBtn

Business Intelligence Analyst

As a Business Intelligence Analyst, you will analyze and interpret complex data to drive insights. These insights help organizations make data-driven decisions. You will use different techniques and tools specifically for this role to analyze data and help understand the insights of the relevant team. As a Business Intelligence Analyst, you will use descriptive analysis to draw data insights.

Roles and responsibilities

    Gathering and analyzing data for organizations using which they make data-driven decisions

    Using data visualization software to present insights in a way so that relevant non-technical teams can understand them.

Required skills

    Background in Business or other related fields

    Hands-on experience with BI tools and data warehousing

Salary insights

    US: $88,481

    India: ₹7,63,308

    UK: £39,629


Source: https://www.glassdoor.co.in/Salaries/india-business-intelligence-analyst-salary-SRCH_IL.0,5_IN115_KO6,35.htm?clickSource=searchBtn

Financial Analyst

As a Financial Analyst, you will be associated with data-oriented and quantitative roles - and having skills matching for these roles is important. In this role also, you will be responsible for analyzing data and communicating the insights.

Roles and responsibilities

    Finding trends and patterns in financial data

    Working with financial models

    Automating business processes

Required skills

    Presentation skills

    Background in Business, Finance, or related fields

    Financial analysis, financial reporting, etc.

    Mathematical skills

Salary insights

    US: $76,459

    India: ₹5,00,000

    UK: £42,131


Source: https://www.glassdoor.co.in/Salaries/india-financial-analyst-salary-SRCH_IL.0,5_IN115_KO6,23.htm?clickSource=searchBtn

Where To Start?


The path and duration required to becoming a Data Analyst might be different for different individuals, based on their educational background and professional goal. One of the best parts of this field is that you can work as an entry-level Data Analyst before moving ahead with bigger roles. If you have a relevant background that requires a Data Analyst, you can enroll in Data Analysis courses, which will help you with your basics and professional certifications.


A Data Analytics career path might be challenging if you are not already sure - but with the salary insights, background requirements and roles in an organization, it will be easier for you to filter down.




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