Data analysts are experiencing more frequent salary reviews compared to other IT professionals, according to a recent study. Over the past six months, 38% of data specialists received a pay increase or salary review, which is higher than the 33% average across the IT sector. Specifically, 37% of data analysts had their salaries reviewed in the last six months, while more than half received an adjustment within the past year. However, 13% of analysts who have been with their current employer for over a year reported no salary increase during their tenure.
Leaders in analytics saw the highest salary adjustments, with 85% receiving pay increases. Managers followed with a 71% increase rate, heads of departments at 67%, and mid-level professionals at 60%. The most common roles experiencing salary reviews include Heads of Analytics, Data Analysts, and Product Analysts.
Data Science, Engineering, Machine Learning, and AI specialists are also seeing similar trends, with 40% receiving pay increases in the last six months. Junior employees and team leaders generally received the most frequent salary increases over the past year.
Interestingly, those with lower median incomes are receiving salary increases more often. For instance, analysts who last received a pay raise over two years ago reported a median salary of $3,200, while those who received an increase in the last six months reported a median of $2,000. In the Data Science and related fields, those who saw salary increases more than two years ago reported a median of $4,200, compared to $2,940 for those whose salaries were reviewed recently.
The highest median salaries, at $4,750, were noted among professionals who received pay raises one to two years ago. Despite uneven changes in analyst salaries over the past six months, many specializations remain higher than a year ago, with significant increases reported for Senior Business Analysts and Senior Data Analysts.
This trend suggests a competitive edge for data analysts within the IT sector, as companies may be prioritizing their retention and recruitment strategies in response to the increasing demand for data expertise.
Informational material. 18+.
