To translate data into better data-driven business decisions, data analysts utilize mathematical and analytical techniques. The need for knowledgeable data analysts to process and comprehend the growing amount of data that is available to businesses is growing as well. For their expertise, entry-level data analysts are frequently well compensated. You’ll discover the typical salary for a data analyst in New York in this post. We’ll also discuss some potential strategies to increase your earning potential if you’re interested in beginning or developing a career as a data analyst.
Data Analyst Salary
The US Bureau of Labor Statistics says that the median annual pay for a data analyst is $82,360, while the human resources consulting firm Robert Half sets the midpoint salary for a data analyst as $106,500. The average salary for a data analyst in the United States in December 2022 is $66,859. Even though the range varies, the average yearly wage for all occupations in the United States is $58,260, which is much greater than each of these salary estimates. The income you will receive as a data analyst will depend on a number of factors. Let’s examine a few of these factors in more detail.
Data Analyst Salaries by Experience
Your amount of experience is one of the main variables that can affect your pay. In general, you may anticipate making more money as a data analyst the longer you work in the field. Here is how the experience may affect the compensation of a data analyst:
- Data Analyst: $99,682 for two to four years
- Senior Data Analyst: $112,593 for 5 to 7 years
- Principal Data Analyst, 8+ years, $138,031
Data Analyst Salary by Industry
Data analytics may be used in almost every industry to improve business decisions. Industries with the highest demand for data specialists also tend to pay the highest salaries on average.
More than 75 percent of data job vacancies are in the fields of finance and insurance, professional, scientific, and technical services, information technology, management, and manufacturing.
- Analyst of financial data: $80,003
- Analyst of technical data: $78,332
- Analyst of scientific data: $93,849
Data Analyst Salaries by Location
Where you live can have a big impact on how much money you make as a data analyst. Working in a big city typically translates to a higher wage (to reflect a higher cost of living). As more and more businesses employ a geographically dispersed workforce (including remote workers), location-based salaries—pay that takes location into account rather than just merit alone—are frequently available. The following major US cities’ midpoint salaries for data analysts are:
- $85,806 in San Francisco
- $80,571 in New York
- $76,536 in Boston
- $66,106 in Washington, D.C.
- $79,137 in Chicago
- Arizona: $74,140
Data Analyst Salary Entry Level
With an average yearly compensation of $49,093, the anticipated total pay for a Data Analyst Entry Level in the United States is $51,966. These figures show the median, or the midpoint of the ranges, from our unique Total Pay Estimate methodology, which is based on data about wages gathered from our users. The expected annual increase in wages is $2,873. Cash bonuses, commissions, tips, and profit sharing are all possible forms of additional compensation. The values in the “Most Likely Range” fall between the 25th and the 75th percentile of all the pay information that is currently available for this role.
Typical Starting Salary For a Data Analyst
There isn’t a single, definitive answer to this issue. Still, since we’ll be using a variety of wage comparison websites—and each one uses a different set of data sources—during the course of this piece, we thought we’d give you a ballpark figure here. To give you a better idea of how much you might be able to make, we’ll use the average of several wages. As you can see, the figures are pretty broad, according to the following sources that compare salaries:
- Payscale: $65,805
- Payscale: $37,398
- Salary: $59,642
- $67,201 Salary.com
- In fact, $85,982
- Expert on Wages: $72,099
This variation demonstrates how difficult it is to determine a single data analyst’s wage based solely on their job title. Your location and the sector you work in will also have an impact on the figure.
But for the purpose of a single estimate, an average of these numbers indicates that entry-level data analysts in the United States might anticipate making somewhere around $46,000. That’s definitely nothing to sneeze at, even with the possible margin of error!
The amount you can make in the real world depends on a number of additional aspects as well, as was already explained. Now let’s look at a few of these.
Entry-level Data Analyst Salary Based on Location
The fact that data analytics has such significant international demand is one of the reasons why so many people decide to pursue training in the field. Companies and organizations all across the world are looking for qualified analysts who can give them reliable, data-driven insights as big data becomes an even bigger industry. Additionally, data analytics positions frequently allow for remote work, making them somewhat of a traveler’s paradise.
We’ve provided a list of entry-level data analytics salaries for several nations in this section. Although the precise earnings naturally change depending on the particular employment, the range’s approximation is very accurate. So let’s look at this:
- Germany: 63,275 euros ($67,862)
- $72,099 in the United States
- 96,430 Australian dollars, or $64,309.
- United Kingdom: $43,380 (or $52,804)
- 86,451 New Zealand dollars, or $53,830.
- Emirates of the Arab Peninsula: $51,849 (190,429 AED)
- South Africa: R378.889 ($20,868)
- Indian currency: INR (16,24,419 USD)
If you intend to move, be careful to investigate salaries for various job titles as well. To avoid further confusion, not every data analyst is named a data analyst. In the section after this, we’ll discuss this.
Entry-level Data Analyst Salary Based on Industry/Company
The business and sector in which you work will also impact how much money you can make. In this section, we’ve compiled a list of entry-level salaries from some well-known companies in two of the industries where data analysts are currently in high demand: big tech and accounting.
Entry-level Data Analyst Salaries in Big Tech
In big tech, data analysts play a crucial role. An entry-level data analyst at any of the following companies will typically be involved in developing dashboards to visualize the intricate streams of data that these online businesses continuously gather. Additionally, they will be involved in developing data storage and enhancing goods and services.
- $63,938 on Amazon
- Apple: $76,841
- $108,992 on Google
- $65,000 Microsoft
Entry-level Data Analyst Salaries in Finance and Accounting
Anyone interested in starting a career in data analytics and earning a respectable income at the same time won’t go wrong by applying to one of the “big four” accounting firms. Accounting data analysts employ their expertise in areas like risk management and finding ways to streamline processes to increase productivity. They serve as a fantastic starting point if you decide to later change the course of your career.
- $55,000 Ernest and Young
- KPMG: $62,250
- $64,685 Deloitte
- $63,658 PwC (PricewaterhouseCoopers)
Data Analyst Salary New York
The salary range for a data analyst in New York, NY, is typically between $87,617 and $109,522, with the average salary currently standing at $97,893. Salary ranges might differ significantly based on a variety of significant aspects, including schooling, credentials, supplementary talents, and the length of time you have been in your career. Salary.com can help you pinpoint your precise wage target because it has more online, real-time compensation data than any other website.
Midrange Data Analyst Salary in New York City
Due to their experience and the duties assigned to them in their various positions, mid-range data analysts’ wage ranges are marginally higher. Here are some wages that have been reported on various websites:
- Glassdoor: $83,479
- BuiltinNYC: $96,912
- Salary.com: $97,079
- Indeed: $87,236
Senior-level Data Analyst Salary in NYC
Naturally, a senior data analyst would be paid substantially more than someone in a more junior position. As a result, the salaries listed on websites for senior-level data analysts in NYC are typically higher than those for lower- and middle-level positions. Here are some wages that have been reported on various websites:
- Glassdoor: $95,730
- BuiltinNYC: $103,500
- Salary.com: $101,025
- Indeed: $97,505
Please keep in mind that many of these senior-level data analyst positions may also involve high-responsibility positions inside the companies in question.
Senior-level data analysts, for instance, can be in charge of coaching less experienced employees and presenting insights to the executive teams of their firms. Such extra duties will typically be reflected in the higher salaries or bonuses they receive.
Can I Become a Data Analyst in 3 Months?
Gaining experience as a data analyst can take several months to several years. The amount of time it takes you will depend on your current skill set, what type of school path you choose, and how much time you spend each week building your data analytics talents.
Does Data Analyst Require Coding?
Although some Data Analysts must code on a daily basis, coding expertise is not normally needed for positions in data analysis.
Is Data Analyst a It Job?
Data analysis is not strictly an IT (information technology) career but requires working with IT tools and systems. Data analysis entails applying statistical and computational approaches to generate insights from data, which can be applied in numerous areas such as healthcare, finance, marketing, and more.
Do Data Analysts Make Good Money?
Data analysts do, in fact, earn a lot of money. According to the Bureau of Labor Statistics (BLS), the average pay across all jobs in the US is $58,260. The average compensation of a data analyst is far above that.
Where Can a Data Analyst Work?
Higher education establishments, retail businesses, professional services firms, insurance companies, marketing firms, pharmaceutical companies, telecommunications corporations, and information technology businesses are among the employers of data analysts.
Is It Hard to Be a Data Analyst?
Although obtaining specific technical abilities, which some people may find more difficult than others, is necessary to become a data analyst, the job itself is not particularly difficult. Additionally, because of constant improvements in the field, data analysis is a professional path that requires ongoing education.
Which Analyst Has Highest Salary?
With an average pay of $82,360 per year recorded in May 2021, operations research analysts generally earn among the highest salaries among data analysts, according to the U.S. Bureau of Labor Statistics. Operations research analysts frequently employ analytical and critical thinking skills.
Who Pays Data Analysts the Most?
The US often has the highest average data analyst wages, followed by Canada, Germany, Australia, the Netherlands, and Australia. The top five industries with the highest salaries for data analyst employment are hardware and networking, banking, software, IT services, entertainment, energy, and mining.
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