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Data Analyst is one of the most sought-after jobs in the world right now. With data becoming more and more accessible, almost every industry needs a Data Analyst. There are no bounds to what a Data Analyst can do for you or your business, from banking to healthcare to hospitality. This blog will help you understand which industry pays the highest salary to data analysts.

Are Data Analysts Paid Well?

Data analysis is a crucial part of every company, and it helps the company make the right decisions and make better business decisions. The data analysts are paid well as they help make a lot of money for their companies. So if you want to make a good income, this is the right profession for you. You can earn a six-figure salary working as a data analyst.

What's The Average Entry-level Data Analyst Salary?

Newly qualified data analysts (those with less than a year of experience) in the US make an average of $56,590 per year, according to PayScale. That number can reach around $61,234 in your first four years as a data analyst.

What's The Average Mid-level Data Analyst Salary?

Mid-level data analysts typically have three to five years or more of experience in the field. According to the PayScale data, the average US analyst (with five to nine years of experience) makes $69,417 a year. And if you're a novice data analyst, you can be sure that the average will rise over the next five years.

What's The Average Senior Data Analyst Salary?

According to PayScale, veteran data analysts can make around $73,000 in the US - and that's just the beginning. We've compared this to other job boards again, which seems like a whole number. And, higher the salary indicates more sophisticated skills, process management, and monitoring of the company's data strategy.

Which Industry Pays The Highest Salary To a Data Analyst?

While there aren't a lot of reliable or comprehensive records on the subject, we can get a reasonable estimate using the LinkedIn salary tool.

Again, there are two things to keep in mind: We have ranked these salaries from highest to lowest, emphasizing the average annual wage.

1. Entertainment

• The average annual salary is $70,000.
• The highest median wage is $110,000.
  

2. Hardware And Network

• The average annual salary is $70,000.
• The highest median wage is $108,000.
  

3. Finance

• The average annual salary is $65,000.
• The highest median wage is $100,000.
  

4. IT Software And Services

• The average annual salary is $65,000.
• The highest median wage is $110,000.
  

5. Energy And Mining

• The average annual salary is $63,000. 
• The highest median wage is $100,000. 
  

6. Health

• The average annual salary is $62,200.
• The highest median wage is $88,000.
  

7. Retail

• The average annual salary is $62,200.
• The highest median wage is $91,000.
  

Key Takeaways

In this blog, we've looked at the salary of data analysts across various industries and their experience. To summarize:

• The entry-level data analyst can make an average of $56,590 per year. That number can reach around $61,234 in your first four years as a data analyst.
• The top three high-paying data analyst industries include entertainment, hardware and networks, and finance.
  

To read more articles like this, visit Cogent Infotech.