In India, a Research Analyst with a BA (Hons) in Mathematics could earn anywhere between about INR 4.3 LPA to about INR 7 LPA as an entry level salary, depending on the industry and company. The average initial salary is approximately INR 4.4 LPA, although it depends on the skills, area, and planned duties of the employment. Research Analysts are the ones who analyze and present data, produce reports and give intelligence on the same to aid the decision making of the business and in such cases the mathematical and analytical skills are appreciated.
Salaries of Research Analysts grow tremendously with experience and is approximately INR 11.2 LPA annually in case of mid-level positions. Any Research Analysts with senior positions or even those in specialized industries or in good companies stand to earn an annual income above INR 19 LPA or even higher. This position usually features bonuses and other benefits, and thus may be an attractive career option to mathematics graduates interested in data analysis, finance, consulting, and market research.
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Research Analyst Salary after Experience
Research Analyst salaries increase with exposure to data analytics, market research, or financial analysis and especially with certifications like SQL, Excel, R, or Python.
Explore more about: MA Mathematics
Research Analyst Salary after different level of study
BA (Hons.) in Mathematics program is sufficient to begin as a research analyst and higher education or certifications in data analytics, statistics, or finance adds significant salary growth potential.
Research Analyst Salary as per Designation
The job role of a Research Analyst may vary as per the designation such as in finance, marketing, consulting, or academia which impacts the salary structure of the individuals.
Research Analyst Salary in Some Top Cities
Top cities offer better compensation due to higher demand for BA (hons.) Mathematics graduates from financial institutions, think tanks, and consulting firms.
Research Analyst Salary in Abroad Countries
Global opportunities are vast in investment banks, economic research firms, or consulting giants for the Research analysts in top countries such as the USA, UK, Germany, etc.
Skills Acquired after Civil Engineering BA (Hons.) Mathematics
Both science-based courses, graduates with a BA (Hons.) in Mathematics are equipped with a fine analytical and quantitative skill base that can make them fit as a Research Analyst where they analyze information, visualize patterns and make recommendations. The skills learned after doing BA (Hons.) are as follows:
Quantitative and Analytical Skills- During the course of study, the graduates learn to work with complex data, statistical tools and mathematical models in order to analyze and solve problems.
Data Collection and Interpretation- They are equipped with the skills of collecting, structuring, and interpreting data and converting them into quality insights.
Experience using Statistical and Analytical Software- Students use tools like excel, R, python and other data analysis software, which allow them to easily manipulate and visualize data.
Thinking and problem solving- The program promotes rational thinking and the ability to come up with pragmatic solutions depending on evidence-based sources.
Report Writing and Presentation Skills- The graduates learn how to make extensive reports, modeling data, presenting the findings in an understandable manner to audiences.
FAQs
Do Research Analysts require any additional education to get higher pay?
To boost salary and gain a chance to take positions of manager or leading researcher, postgraduate degrees in Statistics, M.Sc Mathematics, Data Science, or MBA with analytics specialization can be conducted.
What impact does experience have on the salary of a Research Analyst?
After gaining 3 to 5 years of experience, a Research Analyst may expect a payscale about INR 4.5 to 6 LPA. A salary of INR 6 lakh - 7 LPA or more yearly might be offered in the senior positions or the role of a business analyst.
How much do Research Analysts earn in India on average?
The average salary is approximately INR 3.4 LPA with the majority of professionals being between the range of INR 1.7 LPA (entry level) to INR 9 LPA (experienced) with a top performer and those who have progressed to metro cities earning even more.
Does the ability to know Mathematics boost the earning capacity of a Research Analyst?
Ans. Yes, mathematics graduates have extensive analytical and quantitative abilities that are quite useful in data analysis and research-related jobs. Experts in mathematics also tend to earn more, and some earn salaries averaging over INR 27LPA in the associated branches such as data science or analytics.
Which sectors or industries employ Research Analysts who have a Mathematics background?
The top areas of hiring can be financial services, market research firms, IT and software companies, consulting firms, analytics startups, and academic or government research organisations where quantitative skills are of imminent importance.
Do Research Analysts have an industry based pay difference?
The salary scale of Research Analysts in finance, consulting and IT markets are normally very high relative to others in smaller market research firms or in academia. The high technical expertise in areas such as in BFSI (Banking, Financial Services, and Insurance), can enhance salary.
