If you are considering a career in data, besides loving technology and data, salary plays a role for most people. Like any area, different levels of experience rate salary variations.
This article breaks it down into the core areas of data analysis, business intelligence, data science, reporting, management information, analytics, and insight.
Business Intelligence Salaries
If you like turning data into “big data,” business intelligence (BI) is an ideal career for you. Working with BI software and services, you will create meaningful insights from the company data. In addition, BI Analysts watch out for potential problems, monitor market trends, and “develop revenue-boosting strategies” to serve the company’s best interests.
- Business Intelligence (BI) Analyst : £31,019/ year
- Business Intelligence (BI) Developer : £36,051/ year
- Business Intelligence Manager : £47,750/ year
Data Science Salaries
Data scientists identify problems, collect structured and unstructured data sets, devise and apply models, and much more. The primary job of a data scientist is to “analyze data for actionable insights.“
- Data Analyst : £27,746/ year
- Data Engineer : £40,360/ year
- Data Scientist : £40,486/ year
- Data Science Manager : £70,589/ year
- Head of Data Science : £89,575/ year
As a reporting analyst, your job involves developing metrics, reports, and analyses for your company. Your information is instrumental for the decisions made by business leaders in the organization.
When you work with analytics, it is not only collecting the data. You will be in charge of “developing and implementing analytics solutions.“
- Analytics Consultant : £41,811/ year
- Analytics Manager : £48,212/ year
- Business Insight and Analytics Manager : £48,438/ year
- Senior Manager, Business Analytics : £63,871/ year
- Director of Analytics : £92,031/ year
Similar to the other roles, of course, insight jobs work with the company data. What is unique to the insight analyst career is how you turn that data into a “compelling story” depending on the audience receiving it. You interpret the data for senior management, key stakeholders, etc., by what they need to know to make the right decisions for the business.
Of course, you won’t want to make your career choice based on money alone, but you can make plans based on your potential salaries with these averages in mind. Also, when negotiating your starting salary and, later, raises, research the current norms to ensure you are getting a fair offer. But remember, these are averages, and employers consider experience, education, and other factors you may not be aware of when setting a salary. So be realistic about your options and get ready for an impressive career ahead of you.