Data scientists and front-end developers were the roles that received the maximum compensation increases in startups in 2017. Both received an average salary increase of about 25% last year, compared to the year before, according to data shared by recruitment firm Belong.
Data scientists are responsible for using computing systems to collect, analyse and interpret large amounts of information to identify ways to help a business improve operations and gain a competitive edge over rivals. They require a knowledge of mathematics, computer science and the ability to spot trends. The Belong study, which looked at the top 40 startups and at those with three to five years of experience, said the annual salary of data scientists rose to Rs 25-29 lakh last year.
“With the boom in AI (artificial intelligence), a lot of companies are building out huge data analysis teams,” said Rishabh Kaul, co-founder at Belong.
Front-end developers are the bridge between the user experience (UX)/user interface (UI) designer and the backend programmer, bringing to life the designer’s final design and ensuring it works with back-end systems through appropriate coding. They are responsible for everything a visitor to a site sees, clicks, or uses to input or retrieve information, and need to be both creative and tech-savvy.
Product managers — who are responsible for the strategy, road map, and feature definition of a product — saw a 20% increase in compensation to about Rs 24 lakh in 2017. Python developers have seen a 20% compounded annual growth rate in compensation since 2014, and last year earned around Rs 20 lakh per annum.