Is Data Analytics a Good Career in 2024? Salary Jobs & Exit Options | Become a Data Analyst in 2024

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Data Analytics career future in 2024 seems to be very promising. In this video, I talk about what is Data Analytics, what is the Data Analytics scope, the data analytics skills required, and if you should pursue Data Analytics in the future. I try to answer the question, “Is Data Analytics a Good Career in 2024?” Salary Jobs & Exit Options. This should help you become a Data Analyst in 2024 or decide if you don’t want to. Data Analytics career is one of the best careers out there because of the jobs and growth opportunities it offers. This data analytics guide should help you decide if data analytics would be a good career choice for you or not.

Let’s first understand what is data analytics. In simple terms, data analytics means taking a huge amount of data and trying to make sense out of it. For example, Swiggy is spending a lot of money every year on IPL Advertisements, so Swiggy needs to understand what is the Return on the Ad spend. This is called marketing data analytics. Similarly, if Flipkart is operating in various cities then it needs to understand how many delivery partners it should have in each city given the amount of orders it receives from each city.

Many data analyst jobs will ask you to do this same thing. These data analytics jobs are about using a huge amount of data to understand what business decisions are necessary to be made. A data analyst does credit data analytics, supply chain data analytics, or marketing data analytics as per the requirements of his employer. What are the Data Analyst Jobs or what are the jobs in Data Analytics? As for the data analytics jobs for freshers in 2024, you can simply go and apply for data entry jobs at Internshala. This can be a good starting point for anybody aiming to build a data analytics career.
The second type of Data Analytics job will be related to ETL where you will be retrieving data using certain technologies from various sources. The third type of Data Analytics job is related to algorithm development. If you are retrieving some data you also need to develop statistical models to understand if that data is useful or not. Thus, you can move into developing statistical models and algorithms over time.

Then you need to visualize the data for the executives, the functional and non-functional guys, so that everyone on the team can understand your data analysis. If you are thinking of getting into Data Analytics then please check out Odin School’s live instructor-led 6-month bootcamp. In this boot camp, you will learn the basics of Data Analytics to the Advanced concepts under the guidance and leadership of an expert mentor.

What are the exit options after data analytics? You can go for Management Consulting or join any corporates after your stint in Data Analytics. You can also choose to grow in the field of Data Analytics and then go on to lead a big team working on big projects within data analytics. Then you can also go for a premiere MBA and your data analytics experience will shine through your MBA entrance essays.


Lastly, I shared a list of some data analytics companies. Do check them out. Hope you found this video valuable, see you in the next one.


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About Me

I publish meaningful and valuable content on this channel. My aim is to make business news more accessible and easy to grasp. If you find my videos informative and insightful then make sure to subscribe and leave a comment. I’ll see you in the next video

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Chapters

0:00 - Intro
0:18 - What is Data Analytics?
1:51 - Data Analytics Jobs
4:10 - Exit Options after Data Analytics
5:40 - Data Analysts Salary
6:48 - Data Analytics Companies
8:03 - Outro