research analyst career growth in india

Research Analyst Career Path: Roles, Salaries & Progression

From a broad perspective, the role of research analyst can be used to describe any individual who collects and interprets data, and presents their findings in a clear way to help guide any decisions that need to be made by an organization.

In the finance sector, research analysts are usually involved in creating market reports on assets, securities or other investment opportunities for use either internally, such as by an investment bank, or to provide to external clients. 

A range of titles are used such as investment analyst or perhaps more commonly equity research analyst, depending on the specific company and area of finance they work in. However most analysts are responsible for similar scopes of work, which is to gather data, analyze and present information that forms a foundation for their firm’s strategy and decision making.

Becoming a research analyst will provide professionals with a great deal of career flexibility. As these positions are also in high demand, recruiters are always looking for individuals who possess the talent and drive to ascend to the next level. 

Are you considering a research analyst career path? Here’s everything you need to know to decide if it is right for you.

Buy-side versus sell-side analysts

When talking about research analysts, an important distinction needs to be made. Those who take on the role of a research analyst will normally be provided with two possible career paths:

• Sell-side analysts
• Buy-side analysts

What are the differences between these two terms? 

Sell-side analysts are primarily concerned with industry-specific stocks and assets, and conduct their research in order to provide targeted investment advice. They can work in tandem with institutional investors, traders and wealth management specialists. This communication takes place via research reports and ratings in regard to the asset(s) in question.

Buy-side analysts are more directly involved with the investments themselves. Often working on the behalf of a company, their main goal is to provide opportunities for capital growth that is in accordance with the aims (and the portfolio) of the firm itself. This research is generally not offered to the public. Opportunities often involve asset classes such as mutual funds, private equity schemes and pensions.

It’s worth bearing in mind that the market for sell-side analysts has slightly dried up in recent years. This is primarily due to an increase in the number of regulations that have been put in place, such as MiFID II. While there are still opportunities available, a growing number of candidates tend to be more focused upon buy-side positions.

What does a research analyst do?

Although the exact responsibilities of a research analyst will vary depending upon the position and the company, some of the core duties are likely to include:

• Keeping up to date with the latest news and data.
• Performing quantitative and qualitative analyses in relation to this data, mainly building earnings models and valuations.
• Monitor market conditions and anticipate the potential short and long term impact it has on an asset under coverage.
• Communicating and presenting investment ideas with others such as managers, co-workers, and clients.

As an entry level associate or junior analyst, you’ll most likely report to a senior analyst and a typical day will be structured according to priorities set by managers. Hours can sometimes be long, with 12 hour days not unusual, or longer at busy periods such as financial results announcement season.

Why become a research analyst?

Those who progress through the ranks as an analyst can enjoy decent salaries, challenging, analytical work where everyday is different. While hours can sometimes be long, particularly for entry level roles, a career as an analyst can be financially rewarding.

In addition to a good compensation, another advantage associated with this career is the sheer level of expertise that an analyst is required to possess. Highly desirable by firms that hope to embrace a competitive edge, this enables experienced analysts to diversify into other similar fields as potential future exit opportunities.

Despite experienced research analysts having a significant amount of knowledge, this field is reasonably easy to get into, at an entry level at least, in comparison to some other financial careers . Therefore it can be a good option for those who are keen to get their career underway right out of university or college and who possess a degree in the right subject.

While the job can be demanding, for those who enjoy using their analytical and numerical skills to identify the best solutions, it can also be extremely satisfying and intellectually stimulating. Analysts can work and specialize in a variety of different industries and asset types and, which makes this career path quite dynamic.

Personality traits which will normally be associated with a good research associate or analyst candidate include:

• Critical thinking
• Strong communication skills
• Logical reasoning
• An attention to detail
• A talent for maths and numbers in general

Research analyst hierarchy and progressing within the role

Assuming that you have decided to explore the role of a research analyst, how will your career progress in accordance with your experience? 

Unlike roles in investment banking which progression times are more ‘standard’, the exact time required to advance between stages in a research analyst career path is rather fluid. In other words, some individuals will ascend faster than others. That said, here are the typical 4 stage progression structure in a research role:

Research associate

Most associates will be accepted into an entry-level position after having graduated with a bachelor’s degree in business, finance or a similar field. These individuals will be directly supervised by a senior or VP analyst; enabling them to further hone their skills while gaining real-world experience. It is not uncommon for new entrants to be shifted between different senior analysts during the first few months.

Once one has gained enough experience, he or she will be granted the title of “Analyst” as opposed to “Associate”. While this might seem like a minor change, analysts can hold a number of additional titles such as vice president of analytics. Additionally, there can be different levels of analysts in research analytics, meaning not everyone who is an analyst is operating at the same level within the hierarchy. 

Analysts will therefore oversee their junior associates while also communicating with their seniors. While they still perform a fair amount of basic tasks, the added responsibility will provide room to further improve existing skill sets.

Senior VP analyst

Senior analysts are heavily involved in the final interpretation of data before it is presented to stakeholders (such as institutional investors or company management). Thus, they represent the “face” of an organization more than an associate or a mid-level analyst. Some additional duties involve taking ownership of the covered sector coverage, build relationships with investor relations teams of covered companies, communicating with clients, and making well-informed recommendations. Due to the technical nature of this position, many senior analysts will seek to obtain a master’s degree.

Research director

This final stage generally represents the top of the food chain within the career of a research analyst. Directors are responsible for overseeing the day-to-day operations of a firm. The duties can vary in accordance with the exact position, but some core roles include:

• Approving the onboarding of new employees.
• Monitoring team performance.
• Meeting with high-level clients and travelling when required.
• Defining the overall mission statement of an organization.
• Determining which asset classes/opportunities are in alignment with short- and long-term goals.

Due to the sheer number of responsibilities associated with a research director, up to 7 years of prior managerial experience may be required.

Research analyst salary

How much can you expect to earn as a research analyst? This will once again be based on experience and the exact role. Let’s compare typical average salaries of those working in financial centres in the UK and the US.

Expected research analyst salaries in London

Expected research analyst salaries in new york.

As this illustrates, research analysts in the US could generally expect to receive higher pay than those in the UK (and indeed the rest of Europe). It’s important to point out that salaries can range quite significantly between firms and location, with larger banks usually paying higher than smaller ones.

How to become a research analyst

Most research analysts will require a formal university degree in subjects such as economics, business, finance, or accounting in order to join as an entry level associate. That said, obtaining a summer internship whilst still studying can certainly improve your odds to secure a full time role before graduating. 

From there, it’s a matter of performing well, gaining experience and keeping an eye out for opportunities. Research teams can often be smaller than in other financial roles like investment banking , which means opportunities to progress can be more limited. It may therefore be necessary to move between firms to rise up the ranks more quickly.

Those who wish to switch their careers from a different financial role , such as investment banking into equity research could do so given the high transferable skills. However, it may be still necessary to begin at an entry-level position. The primary difference is that those with prior experience will tend to ascend faster through the hierarchy.

What types of skills do recruiters look for when headhunting potential research analysts? While technical knowledge is certainly important, a handful of traits are just as critical, including:

• A familiarity with financial analysis software and the ability to learn new programs.
• An understanding of human behaviour and behavioural finance (important when identifying specific trends).
• Superior levels of reading, writing, communication and data analysis.
• The ability to maintain focus within individual and group settings.

Above all, analysts should always possess the ability to embrace new skills; the learning curve within this career never truly ends.

What qualifications are useful as a research analyst?

The competitive nature of this field dictates that candidates who possess prior qualifications tend to be hired quicker than those with little knowledge other than a university degree. Thankfully, a number of the best finance certifications are available to those either already working as a research analyst, or hoping to do so, and each of these offers its own unique advantages.

Chartered Financial Analyst (CFA)

Those who hold a CFA (Chartered Financial Analyst) distinction will already possess an advantage over their competitors. As perhaps the gold standard of financial qualifications, a CFA charter demonstrates real-world skills and knowledge that are highly relevant to anyone wanting to begin or already following a research analyst career path. There are nearly 170,000 CFA charterholders worldwide ( some of these being research analysts ) and this number is expected to grow into the future.

Chartered Alternative Investment Analyst (CAIA)

A Chartered Alternative Investment Analyst (CAIA) certification is another useful “string to the bow” for research analysts. As a growing number of investors and organizations are interested in diversification and seeking higher returns, those who possess a working knowledge of alternative investment opportunities are now in high demand. More than 70,000 professionals are certified as CAIA charterholders and while narrower in scope when compared to the CFA, it is becoming extremely popular amongst a range of finance professionals.

Environmental, Social & Governance (ESG) certifications

Environmental, social and governance (ESG) concerns are becoming increasingly important topics in this day and age. This is particularly relevant when discussing buy-side analysts due to the amount of transparency that is now required. Those holding an ESG certification will be able to appreciate the environmental impacts of their recommendations while also being capable of assessing any potential risks that may be present.

As investment groups become even more concerned with potential compliance issues, ESG analysts are now more relevant than ever before, and qualifications like the CFA Institute’s Certificate in ESG Investing (and a whole range of ESG qualification options ) are designed to equip finance professionals with the skills to navigate this fast growing sector.

Master of Business Administration (MBA)

An MBA (Master of Business Administration) certification is another possible option for those involved in the research analysis sector. This is generally something undertaken by those wanting to move into a senior analyst or director role, as they will be required to oversee the day-to-day operations of an organization as well as its subordinates.

An MBA is also an excellent way to increase one’s existing salary; some studies finding that annual pay rate may rise by up to 50%. Whether an MBA versus a CFA or other financially focused qualification is the best choice largely depends on the individual and the way in which they’re aiming to progress their career.

Research analyst career outlook

Aside from strong data analysis skills, candidates will also need to possess a working knowledge of common financial software packages to handle bigger datasets. Some other notable observations include:

• The ability to adapt to a hybrid work environment.
• A greater focus upon ethical and sustainable investment opportunities.
• Critical thinking is expected to gain more weight within the field.

However, it is prudent to highlight that the demand for sell side equity research analysts has somewhat dampened in recent years. The US Bureau of Labor Statistics estimated that employment of research analysts (both buy and sell side) is expected to grow 6% on average from 2020-2030 , about as fast as the average for all occupations. This may be the result of increased regulations and leaner business models associated with lower commissions.

Although there are still opportunities, some are not as attractive as they once were. This brings us to the next point.

Research analyst exit options and opportunities

The good news is that those who have recently entered into the field of research analytics always have the opportunity to gain experience and to progress to higher professional levels. This is particularly the case for anyone who is a CFA charterholder or a similar certification.

What about potential exit opportunities? Assuming that you wish to change financial careers , numerous options may be available. For instance, the technical nature of this position may provide the ability to migrate into investment banking . Some other interesting alternatives include:

• Portfolio management
• Hedge funds
• Corporate finance/development
• Private equity
• Wealth management

The exact career path will ultimately depend upon your experience, interest and career goals.

Is a research analyst a good career choice for you?

Would the role of a research analyst fulfil your professional goals? Not only is this position quite varied, good salary and work life balance (compared to investment banking), but it is unique in the fact that there are a variety of potential exit opportunities in the future.

Still, there are some possible downsides. These include:

• The demand for sell-side analysts has diminished in recent times.
• It is not normally possible to obtain an entry-level position without a university degree.

Ultimately, it is wise to balance these observations with all of the other metrics highlighted throughout this article. If you’re interested in a fast-paced, yet sustainable finance career with a strong focus on combining analytical and qualitative work to make an informed decision, it’s likely that research analyst career may be suitable for you.

We hope the guide above shed some light on a research analyst career. Do you think  this career path suits you ? Let us know in the comments below!

Meanwhile, here are related articles which you may find interesting:

• Finance Career Quiz: Which Finance Career Fits Your Skills & Personality?
• CFA Careers: What Are Typical Job Opportunities for CFA Charterholders?
• Why is ESG Important and Which Careers Can Benefit From It?
• Finance Career Change: Plan Your Finance Career Switch With Our Free Tool
• Epic Career Path Guides:  Accounting  |  Investment Banking  |  Corporate Finance | Portfolio Management | Financial Planning  | Private Equity | Wealth Management | Risk Management | Hedge Funds | Fintech

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• Last updated July 15, 2024
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Study: Analytics and Data Science Jobs in India: June 2021

Illustration by Study: Analytics and Data Science Jobs in India: June 2021

• Published on June 11, 2021
• by Kashyap Raibagi

The analytics job report, presented by Analytics India Magazine (AIM), provides a broad study of the data science job landscape – covering profiles and roles that require analytics competencies and skills. The research provides a comprehensive view of the talent market that was affected by the Covid-19 pandemic and its recovery since the lockdown restrictions were lifted. The report highlights the upswing in analytics jobs in the post-pandemic world and factors that have led to it.

This report also outlines which functional analytics skills and programming languages are currently most in-demand in the market. The report provides insights for recruiters and hiring companies to study the demand for skills across the analytics function. They can identify and close any capability gaps across workforces. By highlighting the talent hotspots in the country, the report enables organisations to build a steady talent pipeline from various regions or cities.

Benefits and Key Takeaways

We hope the report is a handy point of reference for aspiring professionals, industry experts, and think tanks. As a result of the unfortunate pandemic, the analytics space in 2020 witnessed changes and churn in terms of job losses and a slowdown in job creation. The accelerated adoption of data science/AI technologies that began immediately after the 1 st wave of the pandemic, and the renewed business activity of companies, which led to the hiring of analytics professionals, are crucial factors that have led to an upswing in data science jobs. The enthusiasm and optimism around the analytics function in India continue to remain high, and the industry is cautiously anticipating what the future holds for data science and jobs within this domain.

Introduction

This Job Study is a holistic analysis of the Indian Analytics and Data Science jobs and skills landscape. This study/report covers the top job trends in the analytics space, specifically open jobs at a given point in time. It provides a detailed break-up and analysis of jobs by certain criteria, such as cities, industries, experience levels, technologies/tools, and salary hierarchies. The report provides details and analysis of the types of companies that are recruiting key talent in the data science domain.  The report identifies reasons for significant shifts or changes in hiring trends across the criteria defined above.

Please find reports from previous years here: 2020 | 2019 | 2018 | 2017

Top Trends In Analytics And Data Science

(Source for the job figures and trends below: Leading career portals, including Naukri.com, LinkedIn jobs section, and Monsterindia.com)

Open Data Science Jobs Trend (April 2014 to June 2021)

• These open jobs are available jobs to be filled in the data analytics function at any given point in time and not the absolute number of new jobs created each month.
• Last year, the pandemic caused a large decline in jobs after the declaration of the lockdown in March 2020. The open jobs fell to an average of 93,755 in June 2020.
• From a peak of 109,000 analytics jobs in February 2020, the open jobs figure fell to a low of 82,576 in June 2020, a drop of 24.2 %.
• From June 2020 to June 2021, the number of open analytics jobs increased by 67.0 %.
• Many analytics professionals had to be laid off during the lockdown because of the economic uncertainty created by the pandemic. However, as companies recover from the Covid impact, many of these positions need to be backfilled, leading to a significant increase in the analytics jobs advertised post lockdown.
• To add to that, the pandemic has accelerated digital/AI adoption to a great extent. The country observed a 45% increase in AI adoption rate, according to a PwC report. The report also said that around 94% of organisations in India now believe that AI will help create more opportunities than be a threat to their industry. Companies thus think that this is the right time to invest in improving their digital capabilities, increasing the demand for analytics professionals.
• An evolving analytics domain in India evidenced by a year-on-year increase in funding in Indian analytics start-ups and development of niche analytics capabilities, including Data Analytics, Digital, Cloud Analytics, Artificial Intelligence, Robotics, and Natural Language Processing (NLP).
• Organisations are investing in the development of enhanced analytics capabilities in India. This has led to Domestic IT firm, Semiconductor and Electronics, International Technology, and Software corporations advertising a greater no. of open jobs in India (v/s globally). 
• India became a leading adopter of AI among all major economies (including the US, Japan, and the UK) amid the pandemic.
• The ten leading organisations with the greatest number of analytics jobs advertised in August are dominated by the MNC and Domestic IT & KPO organisations – Accenture, Capgemini, IBM India, Deloitte, Hewlett-Packard, Fiserv, Cognizant Technology, Eaton Technologies, Dell International, and Mphasis.
• 97.0 % of analytics jobs advertised in India are full-time, signifying the strengthening of the Indian analytics hiring market. Just 3% of the jobs form part-time, internship or contractual jobs – similar to January 2020 and the overall trend of 2019, when an approximate 97.5 % full-time and 2.5% part-time jobs were advertised.
• The top designations advertised are Analytics Specialist, Data Scientist, Decision Science Manager, Business Analyst, Analytics Manager, Statistical Modelling, Statistical Analyst, Marketing Research Analytics, and Operations Analytics Manager.

Analytics Jobs By Cities

• This is evident because Bengaluru is home to the maximum number of analytics start-ups that received the highest funding for three consecutive years (after removing the single largest funding for 2019) to 2020 – translating to a greater proportion of job openings in the city.
• Moreover, most of the Technology, IT, and Boutique Analytics firms run most of their Digital, Analytics, and Data Science operations from the city, propelling the city to the top of the list of preferred locations for open jobs.
• The proportion of jobs in Delhi as of June 2021 has been the lowest since 2018, indicating a shift in location preferences for those companies advertising analytics jobs.
• Approximately 12.2 % of the analytics jobs in June 2021 advertised were for the location of Mumbai, down from 14.8 % in August 2020.  This decrease in proportion is largely due to the base effect of the total number of jobs. While the overall number of analytics jobs (across major cities) from August 2020 to June 2021 increased by 22.3 %, Mumbai’s jobs increased by only 0.7 %. Despite this, Mumbai still holds the third-highest proportion of analytics jobs as of June 2021.

Analytics Jobs By Sector Or Industry (Excluding Analytics Jobs In The IT Sector)

• Banking & Financial Sector : The financial sector continues to be the biggest influencer in the analytics job market, with 27.8 % of all analytics jobs in June 2021 advertised by BFSI firms. However, this proportion has been seeing a declining trend since 2018 (when it was at 41.0 %). There has been a sharp decline of 8.4 percentage points from August 2020 (when it was at 36.2 %) to the current levels.
• Energy & Utilities : The proportion of jobs in the Energy & Utilities sector increased significantly from August 2020 to June 2021. The sector advertised 17.3% of the overall analytics jobs in June 2021, up from 9.5% in August 2020 and 10.6% in January 2020. Moreover, the June 2021 proportion has been the highest since 2018.
• Media & Entertainment : The Media & Entertainment sector also saw a sharp rise in analytics jobs from 9.3% in August 2020 to 17.3% in June 2021. The sector has observed a steady rise in the proportion of analytics jobs over the years as there is a greater demand for analytics in the digital media and online streaming sub-vertical.
• E-commerce : The proportion of analytics jobs advertised by the E-commerce sector dropped to 11.6% in June 2021 from 15.0% in August 2020. This comes after e-commerce saw the largest increase in the proportion of analytics jobs compared to other sectors from January 2021 to August 2021 (4.2 percentage points).
• Telecom Industry : The proportion of jobs in the Telecom sector decreased slightly to 4.3% in June 2021, down from 5.5% in August 2020, which in turn is an increase from 4.6% in January 2020.
• Pharma & Healthcare Industry : This sector saw decreased analytics jobs from 16.7% in August 2020 to 12.9% in June 2021. The hiring in this industry has seen a continuous upward trend, with analytics jobs increasing from 11.1% in 2018 and 12.6% in 2019 to 16.1% in January 2020. The decline from August 2020 to June 2021 is largely due to the base effect of the total number of jobs.
• Retail & CPG : The proportion of open jobs advertised for the Retail & CPG sector is 5.6% in June 2021, up from 3.8% in August 2020 and down from 6.8% in January 2020.
• Automobile : The proportion of analytics jobs advertised in the Automobile sector has shrunk to 3.2% in June 2021, from 3.5% in August 2020 and from 3.7% in January 2020. Moreover, the June 2021 proportion is the lowest since 2018.
• Travel & Hospitality : The sector advertised no analytics jobs in June 2021, down from a minor proportion of 0.4% jobs posted in August 2020

Experience Requirement For Analytics Jobs

• The proportion of jobs for 7 – 10 years’ experience range increased to 16.3 % in June 2021, up from 14.9 % in August 2020, 12.5% in January 2020 and 6.7% in 2019. This increase took place after a drop from 10.5% in 2018 to 6.7% in 2019.
• Similarly, the proportion of jobs for 10 to 15 years of experience increased to 12.5 % in June 2021 from 11.0 % in August 2020. Before this, the proportion of analytics jobs in this bracket doubled to 8.6% in January 2020 from 4.3% in 2019.
• The proportion of jobs for analytics professionals with greater than 15 years of experience also saw a big jump to 8.9 % in June 2021, up from 4.9 % in August 2020, 2.8% in January 2020 and just 1.0% from 2019
• The trend of a greater proportion of jobs for experienced professionals endures despite an overall recessionary environment, signifying a maturing Analytics and Data Science domain in India.
• Almost one in ten ( 8.9 %) analytics jobs were advertised for an experience level greater than 15 years. This highlights the hiring of leadership roles across the Data Science domain instead of roles focused on delivery or programme management. This is further emphasised by the combined proportion of 37.7% of jobs for analytics positions with experience greater than seven years (highest since 2018).
• For the experience category of 5-7 years, the proportion of jobs has marginally increased to 18.7% in June 2021 from 18.6% in August 2020. This proportion was 19.3% in January 2020.
• For the experience category of 2-5 years, the proportion of jobs has decreased to 18.9% in June 2021 from 20.6% in August 2020 and 24.1% in January 2020.
• For the experience category of 1-2 years, the proportion of jobs has decreased to 13.0% in June 2021 from 16.6% in August 2020 and 17.9% in January 2020.
• For the experience category of 0-1 years, the proportion of jobs has decreased to 11.8% in June 2021 from 13.3% in August 2020 and 14.7% in January 2020.

Analytics Jobs By Tools & Technologies

The figures researched for the jobs across the categories of Tool and Technologies are a proportion of the Total Analytics Jobs.

• Almost 26.3 % of advertised jobs require Python as a core skill in June 2021, a negligible decline from 26.6% from August 2020 but an increase from 18.5 % in January 2020.
• The proportion of Java/Javascript jobs has declined to 19.6 % in June 2021, down from 22.5% in August 2020, but an increase from 16.0% in January 2020. 
• R skills come third at 6.3 % (down from 9.6% in August 2020), and demand for SAS skills increased to 4.8% in June 2021 (up from 4.2% in August 2020)
• Among Dashboarding and BI tools, Tableau skills are most in-demand (increasing to 11.9 % in June 2021 from 10.8% in August 2020 and from 7.6% in January 2020), followed by Microsoft Power BI (increasing to 8.9% in June 2021 from 6.5% in August 2020, and from 3.3% in January 2020). QlikView also saw a significant increase in its demand (increasing to 6.2% in June 2021 from 1.9% in August 2020 and 1.4% in January 2020)

Salaries Advertised For Analytics Jobs

• The median salary advertised for analytics jobs in India as of June 2021 is INR 9.7 Lakhs per annum , a slight increase from August 2020 when it was 9.5 lakhs per annum and from January 2020 when it was 9.4 Lakhs per annum. Advertised salaries tend to be lower than actual salaries.
• 13.5 % of all jobs in June 2021 advertised a salary greater than Rs. 15 Lakhs as opposed to 13.1% in August 2020. In January 2020, this proportion was 13.8%.
• 11.1 % of all advertised jobs in June 2021 offer a salary between Rs. 15-25 Lakhs as against 10.3% in August 2020 and 10.5% in January 2020.
• Around 2.1 % of all advertised jobs in June 2021 offer a salary between Rs. 25-50 Lakhs. Only 0.2% offer a salary between 50-75 Lakhs per annum.
• None of the jobs advertised in June 2021 was for salaries greater than 75 Lakhs per annum.
• The lower proportion of advertised jobs in the higher salary ranges is attributed to employers withholding salary details of the higher paying analytics jobs – this provides employers more negotiating power at the time of salary discussions – this is all the more significant during the recessionary environment as there are proportionately fewer jobs, more candidates, and a greater likelihood of negotiating lower salaries when offers are made.
• A combined proportion of 86.5 % of the advertised jobs is for salaries less than 15 Lakhs.
• The 6-10 lakh salary range had the highest proportion of analytics jobs advertised in June 2021 at 31.5%, a marginal increase as compared to August 2020, when it was 30.7%
• 64.3% of the jobs advertised in June 2021 offer a salary less than 10 Lakhs per annum, as opposed to 68.0% in August 2020 and 69.0% in January 2020
• 8.5% of the jobs advertised in June 2021 offer a salary between 0-3 Lakhs per annum, as opposed to 9.6% in August 2020 and 12.4% in January 2020
• 24.3% of the jobs advertised in June 2021 offer a salary between 3-6 Lakhs per annum, as opposed to 27.7% in August 2020 and 26.7% in January 2020.

Analytics Jobs By Company Type

• More than four in five analytics jobs advertised in June 2021 were posted by MNC IT & KPO Service Providers . These firms have observed a rising proportion of analytics jobs from 2018 (when they advertised only 23.6% of the analytics jobs). Since then, this proportion has increased to 59.4% in 2019 and 74.6% in January 2020, only to see it drop to 67.8% in August 2020. As of June 2021, MNC IT & KPO Service Providers make up 81.5% of analytics jobs advertised.
• Domestic IT & KPO Service providers contributed to only 9.0% of the total analytics jobs advertised in January 2020. This percentage more than doubled by August 2020 to reach 18.9%, only to drop back to 9.0% in June 2021.
• Over three years back, Captive Centres in India had one of the highest percentages (40.7% in 2018) of analytics job requirements. However, this percentage fell to 4.1% in June 2021 from 5.8% in August 2020 and 11.0% in January 2020.
• The Indian consumer firms contributed to only 1.6% of the analytics jobs in June 2021, the lowest among all company types. These firms advertised 9.1% of the total analytics job postings in 2018, after which this percentage has seen a declining trend. This percentage reduced to 4.0% in 2019 and 1.6% in January 2020.
• Consulting Firms’ proportion of analytics job postings increased from 2.5% in August 2020 to reach 3.7% in June 2021, the same as January 2020. The Consulting companies run their analytics operations in India as cost centres – and have reduced hiring as a direct result of the recessionary environment. Hence, these firms have also seen a declining trend in the proportion of analytics job advertised, reducing from 13.3% in 2019 to 3.7% in June 2021.

There are approximately 138,000 jobs open in June 2021 , a 67.0% increase from June 2020 when the average of advertised analytics jobs reached the lowest due to the pandemic.

This increase in job numbers can be mainly attributed to the backfilling activity of companies after they laid off many employees due to the lockdown in March 2020. It can also be attributed to the accelerated adoption of AI/data science in India, which is a direct result of the pandemic.

Read the complete report here:

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Kashyap Raibagi

Marvelling at the ThinkSystem N1380 Neptune, Huang said, “Tell me this isn’t beautiful. To an engineer, this is sexy!”

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