Most data science and analytics jobs show a tilt toward professionals with two–five and five–seven years of experience because of their adaptability and lower cost to organisations compared to more senior-age groups.
While there has been an increase in the share of jobs in both groups since 2022, the two–five-year experience bracket saw a higher jump (13%) in openings as a consequence of cost-cutting measures by companies.
Opportunities for more experienced individuals (seven+ years) have reduced. Because of the tough macroeconomic conditions, organisations prefer to upskill their employees internally instead of making fresh, expensive hires, the report said.
Open data science and analytics jobs in the income ranges of Rs 6–10 lakh per annum and Rs 10–15 lakh per annum make up close to 60% of all data-related jobs in 2023. This statistic is in line with the rising number of jobs for those with two–five and five–seven years of experience.
The share of jobs for MBA graduates has risen this year by 7% as companies hire candidates with not just data science skills but also managerial skills to handle existing teams. Business analyst was the most sought-after job role—with a 25% share—while natural language processing, data architect and AI/ML engineer roles rose in 2023.
