With all the talk about Data Analysts being in high demand, you may be wondering what they make. Well, let’s just say it’s a nice paycheck!
While the salary range is broad ranging from $45,000 to $170,000 annually, according to builtin.com the median Data Analyst salary in the U.S. is $78,215 base pay with an additional $44,430 in additional cash compensation. This brings the median total compensation package for a Data Analyst in the U.S. to $122,645. And…many Data Analysts are paid considerably more because they do freelancing jobs or work for private clients. Not too shabby, right? You haven’t even heard the best part yet…
Not only is the salary going through the roof for Data Analysts, but the demand has skyrocketed, too! Why? Because there is data everywhere and all that data needs to be analyzed in order for businesses of all types to make smart, data-driven decisions.
What’s the word on the street?
“Skilled data analysts are some of the most sought-after professionals in the world. Because the demand is so strong, and the supply of people who can truly do this job well is so limited, data analysts command huge salaries and excellent perks, even at the entry level.”Investopedia.com
The World Economic Forum (WEF) found that 96% of companies were definitely planning or likely to plan to hire new permanent staff with relevant skills to fill future big data analytics related roles. As a result, the “new role” of Data Analyst is forecast to be one of the most in-demand jobs by 2022.
“…the role of Data Analyst has finally become ubiquitous across industries and companies of all sizes. Why is this? Whereas a decade ago data used to be gathered up solely by individuals for analysis, today it is gathered and collected by both people and machines. Now the machines do more and more gathering every day, so more and more people are needed to manage and make sense of all this data.”Quanthub.com
So, how does a person go about getting into this career?
After hearing about the very nice compensation a Data Analyst draws, you may be thinking the only way into one of those positions is through years of college and fancy degrees. Well, you would be wrong! It’s actually much easier and much faster to get the skills needed to be job ready. Check out our post on How to Be a Data Analyst for all the deets on that!
It’s safe to say you will be hard-pressed to find another position with better pay and better perks than a Data Analyst. So, if you’re looking for an exciting, new career, we highly recommend it.
Let me know if I can help,
If you’d like to learn more about life as a Data Analyst and how to break into this amazing career path, check out my free training – The Making of a Data Analyst.