The market has twice the number of jobs as jobseekers, as per an industry study by Great Learning
Key Highlights:
- Unfilled jobs in analytics have grown by 45% since last year
- 70% of analytics openings are for candidates with less than 5 years of experience
- Bengaluru continues to be the hub for data science jobs
- BFSI and energy industries are top job creators in analytics
- The top 10 organizations which have posted the highest number of job openings this year are Accenture, Amazon, KPMG, Honeywell, Wells Fargo, E&Y, Dell International, eClerx Services and Deloitte
- The top designations advertised are: Analytics Manager, Business Analyst, Research Analyst, Data Analyst, SAS Analyst, Analytics Consultant, Statistical Analyst, Hadoop Developer
New Delhi, 28 February, 2019: A study on the hiring trends in the analytics sector in India, conducted by Great Learning, India’s leading online ed-tech company for working professionals, indicates close to 97,000 positions related to analytics and data science that are currently vacant due to a dearth of qualified talent. A majority of these job openings are for junior level roles. The number of unfilled positions has seen a whooping increase of 45% over last year indicating the widening talent gap in the industry.
Experience requirements
This year, companies are boosting entry level hiring in a bid to create a talent pipeline, keeping with the long-term vision of building deep expertise in the space. Around 70% of job openings this year are for candidates with less than 5 years of experience, an increase of 8% over last year. Opportunities for freshers have also increased with openings for them accounting for 21% of analytics jobs, compared to 17% last year. 31% of the job openings in the sector this year are for professionals with over 5 years of experience.
Hari Krishnan Nair, Co-founder, Great Learning said, “A 45% increase in the supply gap in just one year indicates the pace at which businesses are adopting analytics and data-based decision making. In the last few years, many large players have been forced to acqui-hire talent to keep the wind in their sails. At the same time, for those looking to enter the sector, a surplus of jobs is a great opportunity. The need of the hour is for professionals to reskill themselves and get job ready. Companies are also looking inwards to identify talent to capitalize on new opportunities. Here, skill development programs will play a critical role in updating analytics capabilities and preparing the workforce for newer roles.”
City wise demand
Accounting for 24% of total analytics jobs, Bengaluru continues to be the hub of analytics professionals. Financial centers like Mumbai, Delhi and Chennai have increased their share of analytics jobs this year with Delhi/ NCR contributing 22% of analytics jobs in India, Mumbai contributing 15% and Chennai 7% .
Salary trends
According to the report, the median salary being offered for analytics jobs in India is INR 11.5 lakhs/annum. There has been an increase in the number of analytics jobs offering more than INR 15 lakhs/annum. 23% of all advertised jobs last year were offering more than INR 15 Lakhs as opposed to 20% a year ago.
Industry demand
While BFSI and Energy sector continue to be the major job drivers for the analytics industry, e-commerce, pharma and retail sectors have posted strong growth in demand for analytics professionals this year. 38% of all jobs posted are from the banking sector. Retail has more than doubled its share of jobs to 7% from ~2% last year. E-commerce, pharma and automobiles have contributed 12%, 13% and 6% of the jobs respectively. Telecom on the other hand, has seen the biggest fall in demand with just 4% of job postings as opposed to 8% last year.
The top 10 leading organizations which have posted the highest number of job openings this year are Accenture, Amazon, KPMG, Honeywell, Wells Fargo, E&Y, Dell International, eClerx Services and Deloitte. Full-time positions significantly outweigh part-time and contractual openings in the country, indicating the continuing importance of Data science professionals for organizations. The top designations advertised are: Analytics Manager, Business Analyst, Research Analyst, Data Analyst, SAS Analyst, Analytics Consultant, Statistical Analyst, Hadoop Developer.
Skills in demand
According to the report, demand for Python is the highest amongst all the recruiters with almost 17% job postings, closely followed by Java with 16% job openings. R comes third in the most critical skills list, with 10% of all analytics jobs requiring this skillset. Tableau, AWS, Azure, Hadoop, SQL and segmentation continue to be the other skills in demand. The report highlights the multidisciplinary nature of jobs in the sector and stresses that a professional programmer or a data analyst should have the ability to learn new coding languages to stay relevant.
About Great Learning
Great Learning is an Ed-Tech company that offers programs in career critical competencies such as Analytics, Data Science, Big Data, Machine Learning, Artificial Intelligence, Cloud Computing, Deep Learning & More. Over 5000 professionals have taken Great Learning programs and it has already delivered 4 million hours of learning. The company is on a mission to make professionals proficient and future ready. Great Learning programs are offered in multiple modes such as Weekend classroom learning with online resources; online videos with weekly-personalized mentorship sessions and full time boot-camp programs. The offline classroom sessions happen through Great Learning centers that are present in Gurgaon, Bangalore, Hyderabad, Pune, Chennai and Mumbai.