The number of analytics jobs almost doubled from April 2016 to April 2017, it has been increased by 52% from April 2015 to April 2016, and by 40% from April 2014 to April 2015. Compared to worldwide estimates, India contributes just 12% of open jobs opening currently. The no. of jobs in India are likely to increase much faster vs. the rest of the world as more analytics projects get outsourced to India due to lack of skills across the world.
10 leading organizations with most number of analytics opening this year are – Amazon, Citi, HCL, Goldman Sachs, IBM, JPMorgan Chase, Accenture, KPMG, E&Y & Capgemini. While, it is difficult to ascertain exact number of analytics jobs openings; by our estimates, close to 50,000 positions related to analytics are currently available to be filled in India.
In terms of cities, Bengaluru accounts for around 25% of analytics jobs in India. This is down from 27% a year earlier. Delhi/ NCR comes second contributing 22% analytics jobs in India, down slightly from 23% a year ago. Approximately 17% of analytics jobs are from Mumbai. This is up from 15% from last year. The contribution of tier-B cities in analytics jobs have increased this year, from 5% in 2016 to 7% this year due to the increased number of start-ups operating in tier 2 cities.
Banking & Financial sector continues to be the biggest influencer in Analytics job market. 46% of all jobs posted on analytics were from banking sector. This is an increase from 42% a year ago. Whereas Ecommerce sector 10% of analytics Jobs & Media/ entertainment sector contributing to 7% of all analytics jobs.
80% of all employers are looking to hire analytics professionals with either an engineering degree or a postgraduate degree.
The demand for R professionals is the highest among all analytics recruiters. Almost 36% of all advertised analytics jobs in India demand for R as a core skill , 30% of all analytics jobs looking for Python professionals & Among visualization tools, Tableau skills are most in demand with 9% of analytics jobs looking for Tableau professionals.
The median salaries being offered by advertised analytics jobs in India is INR 10.5 Lakh/ annum. 28% of all analytics jobs offer a salary range of 6 to 10 Lakh, followed by 24% for 3-6 Lakh, Almost 40% of all advertised analytics jobs in India are offering a salary of more than 10 Lakh.
Captive centers/ GIC’s/ Backoffices have seen highest growth in terms of analytics in last few years. Almost 56% of all analytics demand is with Captive centers in India. MNC IT & KPO service providers follow next with 18% of all analytics jobs advertised this year. Domestic IT & KPO service providers and consulting firms follow at 15% & 11% respectively.