This goes without saying that the job of a data analyst sounds very dry and boring. However, the attractive salary packages that Nigerian companies offer to data analysts make it a career worth having.
|Monthly Salary Range:
|₦108333 – ₦369000
|Average Monthly Salary:
|Data analysts deal with collecting, cleaning, and analyzing data that can help a business make better decisions for its future.
|In order to become a data analyst, the individual needs to have at least a Bachelor’s degree in Finance, IT, Mathematics, Computer Science, or Statistics.
A data analyst can easily make as much as ₦369,000 per month. But a major point here is that this amount comes with a higher level of qualification, as well as many years of experience present in the resume of the person. The rest of the details about data analysts’ salaries are shared in the article below.
Overview of Data Analyst Salary
Data analysis is a highly in-demand job in Nigeria, which explains the salary packages. According to the salaries shared above, the average salary of a data analyst per month is ₦238,666.
This amount can increase based on the experience as well as the qualification of the data analyst. Those who have a Bachelor’s degree will get paid less than those with a Master’s degree.
A data analyst can get extra bonuses aside from their salaries. However, bonuses are not fixed and depend upon each company.
Mostly, they get performance-based bonuses that are based on either the company’s performance or the individual’s performance. These bonuses are often awarded annually to employees in Nigeria.
The salary structure of data analysts is different. The major cause of the difference is the ranking or the position, and a few major ranks and their salary in Nigeria have been shared in the table below.
|Minimum Salary per Month
|Min Salary per Year
|Senior Data Analysts
|Senior Data Scientists
Responsibilities of Data Analyst
The major responsibility of a data analyst is collecting data from various sources and databases. They are responsible for cross-checking and verifying the authenticity of the data, analyzing it, and then offering a report to the business that can help them in making future plans.
Apart from interpreting data, they are also responsible for coming up with systems for data analysis and data collection that can offer accurate and high-quality results. Staying updated with the new tools and methods of data collection is also the job responsibility of a data analyst in Nigeria.
What is the salary range for data analysts in Nigeria?
The salary range for data analysts in Nigeria starts from ₦108,333 per month for fresh graduates who have no experience in the field. However, with time, as the individual gains experience, their salary increases and can go up to ₦369,000 per month.
What factors affect data analyst salaries in Nigeria?
The major factor that affects the salaries of data analysts in Nigeria is the qualification of the person. In addition to that, previous work experience, location, and the type of company also affect the salaries of different data analysts in the country.
What are the job prospects for data analysts in Nigeria?
The job prospects for data analysts in Nigeria are very promising. As the need for people in this field is growing in different industries, it is increasing the number of jobs.
Is data analytics in high demand in Nigeria?
Yes, the job of data analytics is in high demand in Nigeria. From the financial sector, including banks, to many businesses and companies, multiple sectors in the country require the expertise of data analysts to help their businesses grow.
What are the benefits of being a data analyst in Nigeria?
The major benefit of being a data analyst in Nigeria is that the job comes with attractive salary packages. In addition to that, many companies also offer bonuses to their employees. There are also opportunities for growth and advancement.
How does the salary structure for data analysts in Nigeria vary by industry?
Industry is another major factor that affects the salaries of data analysts in Nigeria. Those who are working in the banking sector or oil companies are earning a higher level of salaries than those individuals who are working in other industries, such as government agencies.
Article Modified on October 28, 2023. The data in this article is written and collected by multiple authors. Learn how we research on About Us.