For M.Tech graduates in Computer Science (CSE), the salary difference between roles in software development and data science can be notable due to varying demand and specialization. Here’s a comparison:
1. Base Salaries:
- Software Development: Entry-level roles typically offer an average salary of $70,000 to $90,000 annually. With experience, this can grow to $120,000–$150,000.
- Data Science: Entry-level data scientists often start higher, around $80,000 to $110,000, with experienced professionals earning $130,000–$180,000 or more.
2. Industry Demand:
- Data Science: High demand for data analysis and AI skills often leads to higher starting pay and quicker salary growth.
- Software Development: Still highly in demand, though there is more competition, which can moderate salary growth compared to data science.
3. Specialized Skills:
- Data Science: Advanced skills in machine learning, AI, and big data analytics can command premium salaries.
- Software Development: Specialized developers in fields like system architecture or cybersecurity can also earn high salaries, but generalist developers may earn comparatively less.
4. Career Progression:
- Data Science: Potential for roles like Data Scientist Lead, Chief Data Officer, often with higher pay scales.
- Software Development: Senior Software Engineer or Engineering Manager roles can be lucrative, though slightly less than specialized data roles.