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Data Industry Salary Findings for 2021

by Xcede

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The importance of utilizing data to make critical business decisions has become increasingly evident over the past year more than ever before.

Although 2020 proved to be a challenging time for recruitment businesses across the globe, demand for workers with specialist data skills remained high. As illustrated by the latest Xcede Salary Survey, data salaries continued to grow despite economic uncertainty.

Download the survey to find out more and explore the data aspect of the survey in more detail below.

Career Focus: Data

As our global consumption of data increases, the data industry continues to grow. Estimates indicate that the global data science platform market will be worth around $25.94 billion by 2027, representing a growth of 26.9% between 2020 and 2027. This is reflected in our survey results, with average senior data salaries rising by 10% from 2019 and entry-level salaries increasing by 13%.

What you need to know

An acute focus on digital transformation projects during the pandemic meant organisations had a precise blueprint on the type of talent and seniority level they wanted to hire. As a direct result, the Xcede team saw less speculative hiring and a greater emphasis on candidates who possess the exact skills and experience dictated by project needs.

Employers in 2021 are looking for knowledge and proven experience in: 

  • Product analytics 
  • Machine learning 
  • Data science

In particular, the following data roles are the most in-demand: 

1. Product Analyst

  • Xcede survey average salary = £68,000
  • Skills to stand out = A/B Testing, SQL, Python, Statistical analysis

2. Machine Learning Engineer

  • Xcede survey average salary = £78,400
  • Skills to stand out =  Python, CI/CD, MLOps, Cloud technologies

Get in touch with our dedicated data team today to discuss our wide range of open permanent and contract opportunities.