10 Highest Paying Countries for Data Analysts: Top Companies & Avg Salary

The highest-paying countries for data analysts are Switzerland, the USA, Denmark, Germany, Australia, Netherlands, Canada, France, Singapore and the UK.

These countries have vibrant job markets that offer competitive salaries and reflect the high demand for data analysts. 

In addition, these countries offer unique opportunities to expand your roles and enhance your knowledge, reflecting a higher earning potential. Furthermore, the countries also offer a dynamic work environment that leads to a perfect work-life balance, making them attractive destinations to pursue a career.

Here is a blog providing insights on these countries, discussing the average data analyst’s salary, cost of living,  top companies, top cities and more. It will help aspiring candidates seeking international job opportunities for data analysts. 

Do you know?

• According to the U.S. Bureau of Labor Statistics, the employment of operations research analysts is expected to grow by 23% from 2022 to 2032, much faster than the average for all other occupations.[1]. 
• The global big data analytics market,  valued at over 240 billion USD in 2021, is expected to grow to over 650 billion dollars by 2029[2]. 
• The market value for global Analytics as a Service (AaaS) is expected to reach approximately 69 billion USD in 2028[3].

Overview: 10 Highest Paying Countries for Data Analysts

Source:

Salaries: https://www.payscale.com/

Cost of Living: https://www.numbeo.com/cost-of-living/

Note: 

The cost of living includes average transportation costs and basic amenities like food and grocery bills, excluding rent.

10 Highest Paying Countries for Data Analysts

1. Switzerland – Avg Salary (CHF 86,354)

Switzerland has a competitive job market in data analytics. Aspiring data analysts seeking a high standard of living, competitive salaries, and challenging jobs abroad, Switzerland is a good place to start.

Highly qualified and experienced professionals in the latest tools and programming languages may get the best offers. Staying updated with the latest trends and advancements is also crucial. 

The average data analyst’s salary based on experience is as follows:

• Entry-level – Data analysts with less than 1 year of experience can earn CHF 70,000 annually. 
• Experienced professionals – Data analysts with 10+ years of experience can earn CHF 1,12,500 annually.

2. USA – Avg Salary (USD 67,349)

The United States of America is one of the highest-paying countries for data analysts. It has always seen an increase in data analyst jobs across various industries, such as banking, marketing, insurance, healthcare, and technology. The number of data analysts employed is set to increase from 1,09,900 in 2022 to 1,34,700 by 2032.

Mastering essential skills and building your portfolio can launch your career as a data analyst, leading to mid-level, senior, or specialist roles, or a transition to data scientist.

The average data analyst’s salary based on experience is as follows:

• Entry-level – Data analysts with less than 1 year of experience can earn USD 61,090 annually.
• Experienced professionals – Individuals with 10+ years of experience as data analysts can earn USD 76,166 annually.

Also read: How to get a job in the USA.

3. Denmark – Avg Salary (DKK 4,08,309)

Denmark’s robust economy, focus on innovation and technology, and high quality of life have made it a prominent location for data analysts aspiring to start their careers. Government efforts on digitisation have fuelled the growth of many startups, creating excessive demand for data analysts.

Data analysts can drive significant developments in strategic planning, product development and business processes. The top industries seeking qualified and experienced data analysts in Denmark are finance, retail, healthcare and manufacturing.

The average data analyst’s salary based on experience is as follows:

• Entry-level – A fresher with less than 1 year of experience can earn DKK 4,09,805 annually.
• Experienced professionals – Professional data analysts with 5 to 9 years of experience can earn DKK 4,54,910 annually.

4. Germany – Avg Salary (EUR 48,825)

Germany’s strong economy results in high employment and competitive salaries. Data analysts in Germany earn some of the highest salaries globally. The focus on data-driven decision-making across various sectors makes career opportunities for data analysts in Germany promising.

Aspiring data analysts must focus on developing skills such as statistical programming, machine learning, statistical visualisation, econometrics, probability and statistics and SQL to seek some of the highest-paying jobs for data analysts in Germany. 

The average data analyst’s salary based on experience is as follows:

• Entry-level – A fresher with less than 1 year of experience can earn EUR 43,505 annually in Germany. 
• Experienced professionals – A data analyst with 5 to 9 years of experience can earn EUR 58,638 annually.

Also read: How to get a job in Germany.

5. Australia – Avg Salary (AUD 76,621)

Australia has been witnessing a great demand for data analyst professionals with expertise in big data analysis. The top industries seeking data analysts include Finance, Insurance, Business Intelligence, Healthcare, Education, Sharing Economy, Entertainment, and Technical Services.

Popular job opportunities for data analysts are Digital Marketing Manager, Operations Analyst, Data Engineer, IT Systems Analyst, Research and Data Analyst, UX Designer, and Business and Data Analyst.

The average data analyst’s salary based on experience is as follows:

• Entry-level – Data analysts with less than 1 year of experience can earn AUD 65,188 annually. 
• Experienced professionals – A data analyst with 10+ years of experience can earn AUD 1,01,624 annually.

Also read: How to get a job in Australia.

6. Netherlands – Avg Salary (EUR 45,070)

The demand for data analysts in the Netherlands is rising due to a shortage of skilled professionals. Businesses of all sizes and industries seek data analysts for strategic decision-making.

The country is also known for data analyst jobs abroad, offering a supportive work environment, well-developed infrastructure, and compelling opportunities for innovation. 

The average data analyst’s salary based on experience is as follows:

• Entry-level – A data analyst with less than 1 year of experience can earn EUR 36,941 annually.
• Experienced professionals – A data analyst with 10+ years of experience can earn EUR 62,400 annually.

7. Canada – Avg Salary (CAD 62,024)

Canada is one of the best countries for data analysts to start your career or expand your role as an expert. They are among the most desired specialists in diverse industries and earn among the highest pay scales. 

Canada’s highest-paid and most popular data analyst profiles are Financial Data Analyst, Market Data Analyst, Healthcare Data Analyst, Technical Data Analyst, and Scientific Data Analyst. 

The average data analyst’s salary based on experience is as follows:

• Entry-level – Data analysts with less than 1 year of experience can earn CAD 54,384 annually.
• Experienced professionals – Data analysts with 10+ years of experience can earn CAD 75,487 annually.

Also Read: 5 Steps to Get a Job in Canada.

8. France – Avg Salary (EUR 40,703)

France has a thriving job market with industries ranging from financial services to healthcare systems, offering enhanced opportunities for career advancement.

In addition, the labour laws in France extend a secure working environment to lead a comfortable life personally and professionally. Companies promote work-life balance for increased productivity and job satisfaction while offering competitive salaries.

The average data analyst’s salary based on experience is as follows:

• Entry-level – A data analyst with less than 1 year of experience can earn EUR 38,236 annually in France.
• Experienced professionals – Data analysts with 10+ years of experience can earn EUR 58,475 annually.

9. Singapore – Avg Salary (SGD 55,793)

Singapore, a major business and tech hub, has seen substantial growth in data center operations. Its diverse economy offers industry-specific data science opportunities. High demand for data analysts exists in e-commerce, financial services, healthcare, and tech startups.

The average data analyst’s salary based on experience is as follows:

• Entry-level – A data analyst with less than 1 year of experience can earn SGD 47,599 annually.
• Experienced professionals – Data analysts with 10+ years of experience can earn SGD 98,870 annually.

Also Read: How to get a job in Singapore?

10. UK – Avg Salary (GBP 30,156)

London, being a global technology hub, has been witnessing the emergence of many startups and established businesses seeking professional data analysts. Some of the top companies in the technology sector have invested huge funds in artificial intelligence, big data analytics and machine learning. Therefore, there has been an increasing demand for data analysts in the UK. 

Proficiency in SQL, Excel, Python and knowledge of data visualisation tools such as Power BI are highly demanded for a higher data analyst salary.

The average data analyst’s salary based on experience is as follows:

• Entry-level – A fresher with less than 1 year of experience can earn GBP 26,038 annually.
• Experienced professionals – Data analysts with 10+ years of experience can earn GBP 33,530 annually.

Also Read: How to get a job in the UK?

Country-wise Salary of Data Analysts around the World

Note: The above table depicts the average salaries for data analysts in the top 10 countries. All the currencies have been converted to USD (for creating graphs). 

Sources: https://www.payscale.com/

Conversion as of 13th June 2024 at 15:45 HRS IST.

Currency conversion source: https://www.forbes.com/advisor/in/money-transfer/currency-conversion-calculator/

Other emerging countries for Data Analysts

We have identified some of the highest-paying countries for data analysts. Additionally, several emerging countries offer high-demand data analyst jobs abroad with attractive compensation packages.

• India
• China
• Italy
• Luxembourg
• Belgium
• Sweden
• Finland
• New Zealand
• Japan

Different types of Data Analyst jobs

Note: The above table illustrates the national average salary for the United States of America.

Source: https://www.indeed.com/career-advice/finding-a-job/high-paying-data-analytics-jobs

Finding jobs for Data Analysts abroad: Do’s and Don’ts

Do’s

• Develop skills, seek knowledge and master competencies that are in demand. Stay updated with industry trends and best practices by regularly participating in professional networks, industry publications and workshops.
• Create a strong online presence through LinkedIn and connect with international professionals. Engage in discussions, share expertise and showcase the skills developed and experiences gained.
• Join international data analytics communities, groups and forums. Network by attending international webinars, conferences and workshops, where you can interact with industry experts and experienced professionals. 
• Research countries with high demand for data analysts and identify companies offering job opportunities in diverse, high-growth fields.

Don’ts

• Obtain the required visas and work permits for your selected country. Familiarise with the application process, deadlines, and necessary documents to ensure a smooth submission.
• While planning to settle in a foreign destination, consider the cost of living expenses, including rent, transportation, and other utility expenses. 

Before you go

The highest-paying countries for data analysts offer competitive salaries, thriving job markets, and vibrant work environments. They also offer wide-ranging career opportunities across various industries, including financial services, technology and healthcare. Aspiring data analysts who wonder how to get data analyst jobs in foreign countries must develop in-demand skills and stay updated with industry trends. 

Before choosing a destination, it is important to value different factors, such as the demand for data analysts, prospects for career growth and average salaries. This helps to access ideal data analyst jobs overseas with long-term growth and higher earning potential. 

Further, moving to a new country requires effective financial management including sending money back home, securing funds for essential commitments and paying utility bills. Thus, choosing a dependable money transfer platform such as Instarem becomes important.

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FAQs

Q. Which country pays data analysts the most?

Data analysts are offered the highest-paying salaries in countries such as Switzerland (Average Salary – CHF 86,354), the USA (Average Salary – USD 67,349), Denmark (Average Salary – DKK 4,08,309), and Germany (Average Salary – EUR 48,825). 

Q. What is the highest-paid data analyst job?

Quantitative Analysts (Average Salary – USD 1,47,590) are highly paid professionals who specialise in analysing and interpreting complex data sets with advanced tools and technologies. 

Q. Do data analyst jobs in foreign countries for freshers offer higher salary packages?

Salaries for recent graduates with less than one year of experience can differ based on the company, job role, and location abroad. For example, entry-level data analysts in Switzerland may earn CHF 70,000 annually, while those in the USA could earn USD 61,090 per year.

Q. Are data analysts in high demand?

Yes, data analysts are in demand worldwide due to their significant role in offering strategic insights from the ever-evolving data volumes. They help businesses make data-driven decisions and gain competitive advantage in their industry sectors.

Q. Which is the best country for data analyst jobs for Indians?

The best country for data analyst jobs for Indians will depend on their individual career goals, educational background and experience. Some of the highest-paying countries for data analysts are Switzerland (Average Salary – CHF 86,354), the USA (Average Salary – USD 67,349), Denmark (Average Salary – DKK 4,08,309), and Germany (Average Salary – EUR 48,825). 

Q. What is the data analyst’s salary abroad per month?

The data analyst’s monthly salary abroad differs between countries based on demand and job specifications. For example, the average monthly salary for a data analyst in Switzerland is CHF 7,196.16 and for the USA, it is USD 5,612.41. 

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Disclaimers:

This article is intended for informational purposes only. All details are accurate at the time of publishing. Instarem has no affiliation or relationship with the products or vendors mentioned.

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Note: Salary and cost of living are taken from different websites between 11th June 2024 and 13th June 2024 and are subject to change.

Citations:

• [1]https://www.bls.gov/ooh/math/operations-research-analysts.htm#tab-6
• [2]https://www.statista.com/statistics/1336002/big-data-analytics-market-size/
• [3]https://www.statista.com/statistics/1234242/analytics-as-a-service-global-market-size/