Data scientists and chartered accountants both earn a lot of money since they are well compensated for their work. But in this post, we’ll delve a little further and look at the variables that might have an impact on their pay. You may use the knowledge in this article to help you make the best decision and select the career that will provide you the most satisfaction. Continue reading to learn more.
Data Science:
Learn the core concepts of Data Science Course video on Youtube:
Who are CAs?
A chartered accountant’s responsibilities include a variety of services, including accounting, financial management, auditing, and business counselling, to mention a few. To become a CA, you must pass a number of tests and complete a rigorous training programme. This is the only way to obtain ICAI certification.
Who is a data scientist?
A data scientist’s job is to analyse data using various scientific methods, algorithms, and techniques. Both organised and unstructured data of this size are possible.
Wish to pursue career in data scientist? Enroll in the Data Science Certification to start your journey.
You need a broad variety of abilities in many various disciplines, including arithmetic, computer science, communication, and statistics, to mention a few, if you want to become a data scientist. You may work as a data scientist in a variety of industries, including e-commerce, healthcare, and education, to mention a few.
The salary of a data scientist and chartered accountant in India depend on a variety of criteria. To help you understand what these elements do, an explanation is given below.
Looking forward to becoming Data scientist? check out the Data Science Course with Job Guarantee in Bangalore and get certified today.
- Education
Whether you are a data scientist or a CA, your academic background may have an impact on your compensation. After passing multiple tests, you must receive your CA certification from the appropriate authorities.
On the other side, you could wish to get a degree in computer science or statistics, for example, if you want to work as a data scientist. The acquisition of a degree is not necessary, though.
Kickstart your career by enrolling in this Best Data Science Course in Hyderabad with Placement.
The point is that the job of a data scientist depends on their skills and experience. If you have a lot of experience working with different programming languages, tools and techniques, you may be able to get a higher salary than the professionals with less experience in this field.
But it can help you a lot if you get a higher degree. The reason is that it will increase your likelihood of landing a job with a good institute.
Wish to pursue a career in data scientist? Enroll in this Best Data Science Course with Placement in Pune to start your journey.
- Experience
Your experience in this field may also affect your salary potential. As a general rule, you may be able to get a higher salary if you have years of experience in your field. After all, you need to have several years of experience to gain expertise.
According to statistics, beginners make around ₹589,126 annually in the field of data science. On the other hand, fresher CA professionals may earn around ₹5,00,000 annually.
Pursue a career in Data science with the number one training institute 360DigiTMG. Enroll in the Best Data Science Course in Chennai to start your journey.
By contrast, senior data science professionals who may have spend more than 5 years in this field can earn around ₹1,500,000 annually. On the other hand, senior chartered accountants make around ₹12,00,000 annually.
- Skills
Your skills play a significant role in deciding your salary whether you are a data scientist or a chartered accountant. If you are a CA, your essential skills may include analytics, communication, taxation and accounting, to name a few.
But if you are into data science, you need to have other skills like communication, machine learning, data analysis and programming, to name a few. With advanced skills, you may expect to earn more.
- Location
The location where you work as a CA or data scientist may also effect your salary. This is partly due to the cost of living in some areas. For instance, you can get paid more for your services in some cities like Bengaluru, Mumbai, and Delhi as a data scientist or CA.
- Industry
Another factor that may affect your salary as a professional data scientist or CA is the industry you work in. In other words, the pay scale varies by industry because of several factors like innovation and profitability, among others.
If you are looking for the top industries with respect to pay scale, then you may try E-commerce, Banking and Finance and IT services. They pay well to data scientists.
Similarly, if you are a CA, you can earn more by working in IT services, Banking and finance and Manufacturing.
The salaries by different regions and sectors in India
Based on statistics, we can say that data scientists may command a higher salary than chartered accounts regardless of the region or sector in the country. For instance, data scientists who offer their services in the IT sector make around **₹17.1 lakhs annually.
On the other hand, in the same sector, chartered accountants make around ₹8.6 lakhs annually. In the same way, Mumbai data scientists make around ₹16.6 lakhs annually working in the IT industry.
According to other reports, chartered accounts can command a higher salary in other sectors like manufacturing. In this industry, these professionals can make around ₹9.2 lakhs annually. By contrast, data scientists make around ₹8.8 lakhs annually, which is lower than the pay of CAs. So, it all depends on some sectors.
Data Science Placement Success Story
Long story short, in this article, we have compared the pay of data scientists and chartered accountants. We have also taken a look at different factors that may have an impact on the pay of these professionals, such as skills, sector, demand, supply and cost of living, to name a few. We have learned that some sectors pay more to data scientists, while others pay more to chartered accountants. Plus, skills and experience also effect the salary potential of these professionals in India.
Data Science Training Institutes in Other Locations
Tirunelveli, Kothrud, Ahmedabad, Hebbal, Chengalpattu, Borivali, Udaipur, Trichur, Tiruchchirappalli, Srinagar, Ludhiana, Shimoga, Shimla, Siliguri, Rourkela, Roorkee, Pondicherry, Rajkot, Ranchi, Rohtak, Pimpri, Moradabad, Mohali, Meerut, Madurai, Kolhapur, Khammam, Jodhpur, Jamshedpur, Jammu, Jalandhar, Jabalpur, Gandhinagar, Ghaziabad, Gorakhpur, Gwalior, Ernakulam, Erode, Durgapur, Dombivli, Dehradun, Cochin, Bhubaneswar, Bhopal, Anantapur, Anand, Amritsar, Agra , Kharadi, Calicut, Yelahanka, Salem, Thane, Andhra Pradesh, Greater Warangal, Kompally, Mumbai, Anna Nagar, ECIL, Guduvanchery, Kalaburagi, Porur, Chromepet, Kochi, Kolkata, Indore, Navi Mumbai, Raipur, Coimbatore, Bhilai, Dilsukhnagar, Thoraipakkam, Uppal, Vijayawada, Vizag, Gurgaon, Bangalore, Surat, Kanpur, Chennai, Aurangabad, Hoodi,Noida, Trichy, Mangalore, Mysore, Delhi NCR, Chandigarh, Guwahati, Guntur, Varanasi, Faridabad, Thiruvananthapuram, Nashik, Patna, Lucknow, Nagpur, Vadodara, Jaipur, Hyderabad, Pune, Kalyan.
Data Analyst Courses In Other Locations
Tirunelveli, Kothrud, Ahmedabad, Chengalpattu, Borivali, Udaipur, Trichur, Tiruchchirappalli, Srinagar, Ludhiana, Shimoga, Shimla, Siliguri, Rourkela, Roorkee, Pondicherry, Rohtak, Ranchi, Rajkot, Pimpri, Moradabad, Mohali, Meerut, Madurai, Kolhapur, Khammam, Jodhpur, Jamshedpur, Jammu, Jalandhar, Jabalpur, Gwalior, Gorakhpur, Ghaziabad, Gandhinagar, Erode, Ernakulam, Durgapur, Dombivli, Dehradun, Bhubaneswar, Cochin, Bhopal, Anantapur, Anand, Amritsar, Agra, Kharadi, Calicut, Yelahanka, Salem, Thane, Andhra Pradesh, Warangal, Kompally, Mumbai, Anna Nagar, Dilsukhnagar, ECIL, Chromepet, Thoraipakkam, Uppal, Bhilai, Guduvanchery, Indore, Kalaburagi, Kochi, Navi Mumbai, Porur, Raipur, Vijayawada, Vizag, Surat, Kanpur, Aurangabad, Trichy, Mangalore, Mysore, Chandigarh, Guwahati, Guntur, Varanasi, Faridabad, Thiruvananthapuram, Nashik, Patna, Lucknow, Nagpur, Vadodara, Jaipur, Hyderabad, Pune, Kalyan, Delhi, Kolkata, Noida, Chennai, Bangalore, Gurgaon, Coimbatore.
Address:
360DigiTMG – Data Analytics, Data Science Course Training Hyderabad
2-56/2/19, 3rd floor,, Vijaya towers, near Meridian school,, Ayyappa Society Rd, Madhapur,, Hyderabad, Telangana 500081
Contact Number: +91-9989994319/1800-212-654321
Get Direction: data science courses
Source Link: What are the Best IT Companies in Hyderabad
