Data analytics is the process of gathering, cleansing, transforming, and analyzing data to glean insights. Typically in organizations, these insights are used for decision-making. Often, data analysts work on big data—large volumes of structured and unstructured data. But it isn’t always so. Data analysts also work on relatively small datasets or sample datasets to identify patterns. A recent study projected the global data analytics market size to be at $133 billion USD, with the US accounting for the largest share and growth in the next five years. Correspondingly, data analyst jobs are also projected to grow.
World Economic Forum’s Future of Jobs survey 2020 names ‘data analyst’ as the role with exponential growth in demand over the next five years.
The average salary of a data analyst is $62,500, with immense possibilities for growth. In fact, 25% of data analysts earn more than $118,000. With a growing demand for big data and analytics skills as well as competition for top talent, there are competitive salaries available for qualified analysts.
In this comprehensive salary guide, we explore all factors influencing the salaries of data analysts in the US. We also offer detailed advice on how you can build a productive and rewarding career in data analytics.