To maximize your earning potential, career experts suggest that you focus on four areas: mastering today’s in-demand data skills, considering an advanced degree, seeking extra experience, and knowing the range in which your salary lies. According to RHT’s Salary Guide, the top industries hiring for these roles in 2022 are: While there is a need for data analysts in nearly all industries, some fields are experiencing higher demand-and increasingly competitive compensation standards-for skilled data professionals. Highest Paying Industries For Data Analysts
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For more advanced roles, salaries become much higher.ĭownload Our Free Guide to Breaking Into AnalyticsĪ guide to what you need to know, from the industry’s most popular positions to today’s sought-after data skills. According to Robert Half Technology’s 2022 Salary Report, these professionals earn between $87,500 and $126,250 on average, depending on their experience, education, and skill set. This industry need, coupled with the shortage of qualified talent, means data analysts are well compensated. Per LinkedIn, there has been a 650 percent increase in data science jobs since 2012-and on average, these roles take longer to fill than the national average, given the specialized nature of the work. These professionals are responsible for helping organizations make sense of their technical data in order for executives to make better business decisions, and that requires a unique skill set, which combines technical savvy with business knowledge. This growth is driven in part by an increasing number of businesses launching AI initiatives, adopting Big Data technologies, and prioritizing data in decision making.īut finding qualified individuals to fill these roles isn’t easy. Data Analytics Job Market and Salary TrendsĪccording to the Bureau of Labor Statistics, analytics jobs will grow by about 31 percent by 2030-much faster than average.
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Professionals who understand how to leverage this data to help organizations make better business decisions will be in high demand-and command high salaries-for years to come. In fact, experts now predict that more than 150 zettabytes of data will need analysis by 2025, creating thousands of analytics jobs within a wide range of industries.
There’s good news for these professionals in the analytics field: Job opportunities are growing. These skills and roles set you apart from IT because they give you the fluidity to bounce between departments, making you more marketable and valuable.” “They’re not just a subset of IT, they’re embedded in departments across the company. “Analytics professionals are like a Swiss army knife,” says Paul Wallenberg, unit manager of tech services at IT recruiting firm LaSalle Network.
Organizations in virtually all industries increasingly rely on data to drive the decision-making process and identify business inefficiencies that need to be addressed. Most successful data analysts have to wear many hats.
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