Want to know what’s the salary for a data analyst is in the UK? Curious as to how data & insight salaries look like in 2022? This post is for you!
I’m sure you’ve decided to kick off your career in Data & Insight because of your love for numbers, analysis, and technology. That said, I’m pretty confident that salary still plays a part in your job satisfaction. It does for most people, including me. According to our recent survey ‘Emotional Intelligence 2022’, 100% of our respondents said pay was always at least somewhat important, with 65% saying it was very important.
Whether you want to make sure you’re getting a fair offer, in talks about a pay rise, or are newly hired and wanting to negotiate your new salary, this post is for you. But before we break down the Data & Insight salaries for 2022, let’s start with a brief introduction to the industry.
Data & Insight
Businesses worldwide are becoming increasingly aware of the importance of data-driven business strategies and decision-making. The need for data skilled employees, with both technical and soft skills, is on the rise. In fact, almost half of UK businesses recruiting for such talent have reported struggles (‘Quantifying the UK Data Skills Gap’.) Additionally, businesses surveyed were often recruiting for a “Data Analyst”, mostly at junior and entry levels. Identified areas needing improvement included data literacy, analysis, and communication.
The ability to collect and interpret data skilfully, and communicating insights clearly to the right stakeholders, can differentiate a successful company from an unsuccessful one. Data & Insight professionals carry a lot of responsibility informing business strategies and decision-making and, therefore, both demand and salaries tend to be quite high.
What does that usually look like for Data & Insight professionals in 2022? Like in any other area, different levels of experience mean the rate of salary varies. This article breaks it down into core areas of data analysis, business intelligence, data science, reporting, management information, analytics, and insight.
Without further ado, here are the average data & insight salaries for 2022.
Business Intelligence Salaries
Working with BI software and services, you will create actionable 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 (BI) 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
Like the other roles, of course, insight professionals 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, neither should you quit your job if your salary doesn’t match the one in this post. That said, you can make plans with these averages in mind. What’s more, when negotiating your starting salary and any future pay raises, research current standards to ensure you are getting a fair offer. But remember, these are averages and employers take experience, education, and other numerous factors into consideration. So, be realistic about your options and get ready for a rewarding career ahead of you.