Importance of Education
Name – Shruti Sharma
Profession – Data Analysis
Designation – Senior Analyst
Organisation – Boston Consulting Group
Age – 28
City – New Delhi
Work Experience (Years) – 6 years
Under-Graduation – BSc. Computer Science, Kalindi College
Post-Graduation – MSc. Operational Research, Hindu College
Please give us a summary of your Career.
I started my career in Absolutdata Research & Analytics Pvt. Ltd., Gurgaon, where my main responsibilities were building predictive models using statistical techniques. I then moved onto KPMG, India in May 2014 and Accenture Digital in February 2015. I joined my current company in June 2017. Here, my main work is to build an assortment quantification model to support the buying process pre-season and deciding the optimal order quantity using big data technology. I develop advanced analytics solution to forecast demand, determine the optimal quantity to order and an optimal quantity split between ground and trail orders. There are many other aspects to my job, which are conducted on a daily basis.
Please describe your current Job Responsibilities as a Senior Analyst.
In BCG, most projects are handled by individual owners and there is less of a teamwork. I usually start my day by distributing the given task to each stakeholder. The key responsibility is for maintaining & developing several core products, two of which I am personally involved in developing. So usually the first part of my day is taken to make sure that the models developed are running correctly and applying any necessary fixes if needed. Yet the greater part of my day is taken with ad-hoc tasks and meetings.
Average Income in Data Analysis in the current scenario
Starting out/Fresher – 5-10 Lakhs Per Annum
5 Years of Experience – 10-20 Lakhs Per Annum
10 Years of Experience – 20-40 Lakhs Per Annum
15 Years of Experience – 40-80 Lakhs Per Annum
20 or more Years of Experience – 80+ Lakhs Per Annum
How do you rate the Income Potential in your career?
Work-Life Balance in Data Analysis Profession
On an average, how many hours do you work per day?
More than 9 hours
On an average, how many days in a week do you work?
How often are you required to work in night-shift?
Does your work require you to travel?
Does your work require you to relocate to different town/cities?
How would you consider the job security in your profession?
Would you consider this Profession Risky?
Overall, how would you rate Work-Life Balance in your Profession?
Overall, how would you rate Job Stability of your Profession?
What are the different ways of entering this profession?
Degree in Statistics or Operational Research is required in order to enter this field.
How would you rate Stress-Level in your Profession?
How would you rate your office/work infrastructure?
How would you describe your co-workers?
Generally speaking, your work is
Overall, how would you rate Work-Culture in your Profession?
Importance of Education in Data Analysis Profession
Would you say that Education from top School/College plays a major role in the success in this Profession?
What level of Education is sufficient to be successful in the Data Analysis Profession?
Post-Graduation in Relevant Stream
Would you say that Studious students are generally successful in Data Analysis Profession?
How would you consider the Cost of Education post 12th?
At present, which institutes are best for the education of Data Analysis profession?
Indian Statistical Institute
Overall, how would you rate the role of Education in your Profession?
According to you, what kind of person is likely to be Happy & Successful in Data Analysis Profession?
First Personality Trait – Prefer working alone or in small groups and focus on few tasks at a time
Second Personality Trait – Focus on facts and details and apply past experiences to come up with practical solutions to problems
Third Personality Trait – Prefer to make decisions using logic by weighing pros and cons
Fourth Personality Trait – Prefer to be organised and stick to plan
Fifth Personality Trait – Prefer to seek new experiences and create new things
Sixth Personality Trait – Prefer to be self-disciplined and organised
Seventh Personality Trait – Prefer to be cooperative and compassionate
Eighth Personality Trait – His/Her Family and Friends agree that S/he is usually relaxed, calm and happy
Please provide details
Determination and persistence are the two most important qualities one needs to have in this field.
What are some of the positives, which would encourage someone to join Data Analysis Profession?
Being a Data Scientist is one of the hottest and trending career options of the decade. The demand for data scientists is huge, the number is said to be much higher than the available candidates. It is one of the highest paid job currently in India as well as in the US. Data Science is a field that encompasses related to data cleansing, preparation, and analysis. Data science is an umbrella term in which many scientific methods apply. For example mathematics, statistics, and many other tools scientists apply to data sets. Scientist applies the tools to extract knowledge from data which makes it a core artifact in all the business making for any company. So if these areas of studies interest you, this field is for you.
What are some of the negatives that you would want someone to be aware of when considering a career in Data Analysis Profession?
Not everything you do with data is data science. The best data-scientists know a lot about business, data, tech, are great leaders and are great in communication which comes with experience. However, it is not an easy set of requirements for junior candidates. It is very common for management to underestimate the complexity, depth of understanding, time and intensity needed to do solid, defensible data science work. So, they often misuse you or have expectations of productivity that are not realistic causing long working hours. This can be very tiring after a while, being a cause of stress for many.
Recognition in Data Analysis Profession
What is your family’s view of your Profession?
My Family is Impressed
What is Friends’ view of your Profession?
My Friends are Impressed
What is Society’s view of your Profession?
Society is Neutral
Overall, how would you rate the Recognition aspect of your Profession?
General Information of Data Analysis Profession/Business
What kind of family’s financial background can maximize success in this profession?
It Doesn’t Matter
What is the ease of starting own business in this field?
Getting clients who understand the complexity of statistical models and believe in its outcomes are difficult to get by, making it a difficult field to start your own business in.
How easy is it to move to a different country in this profession?
Maybe Easy for Few
Now you have several years of work experience and you have seen professions of others. If you are taken back to 10th/12th class and allowed to pick a profession, then which profession will you pick and why?
I would choose Data Science only as it allows you to utilize the mathematical equations in a fancy way.