Facts Behind Your Job Titles, Salaries, and Regions
Joy·
The job market today is tougher than ever. With intense competition, companies raising their hiring standards, and AI automating more tasks, landing a job feels like an uphill battle. Many qualified candidates send out hundreds of applications only to receive a handful of responses—if any at all. Employers are demanding more experience for entry-level roles, offering lower salaries, and stretching hiring timelines. In this climate, job seekers aren't just competing for opportunities; they're fighting to stand out in an overcrowded field where even the most skilled professionals struggle to secure a position.
Let's dive into this blog and break down the realities of today's job market.
The dataset used for analysis is AI-Powered Job Recommendations from Kaggle and the AI tool used for analysis is Powerdrill.
The dataset consists of 50,000 job postings spanning 7 industries, 7 locations, 3 experience levels, and salary brackets.
Highest Average Salary: Bangalore has the highest average salary among the regions analyzed, with an average salary of 95,640.10.
Other Regions: Following Bangalore, Toronto and San Francisco have average salaries of 95,235.58 and 95,204.78, respectively.
Lowest Average Salary: Berlin has the lowest average salary at 94,895.29.
Key Insight: Bangalore stands out as the region with the highest average salary across various job titles, indicating a potentially lucrative job market in this location.
Salary Distribution: The average salaries across the regions are relatively close, with a standard deviation of 263.30, suggesting a consistent salary range across these global cities.
Education: The most common skill required is Teaching, with a frequency of 4518 occurrences.
Finance: The most common skill required is Excel, with a frequency of 3573 occurrences.
Healthcare: The most common skill required is Patient Care, with a frequency of 4481 occurrences.
Manufacturing: The most common skill required is Production Planning, with a frequency of 5442occurrences.
Marketing: The most common skill required is SEO, with a frequency of 3671 occurrences.
Retail: The most common skill required is Merchandising, with a frequency of 5405 occurrences.
Software: The most common skill required is Python, with a frequency of 2657 occurrences.
Diverse Skill Sets: Each industry has a distinct skill that is most commonly required, reflecting the specialized nature of skills across different sectors.
High Demand in Manufacturing and Retail: The skills of Production Planning and Merchandising have the highest frequencies, indicating a strong demand in the Manufacturing and Retail industries.
Bangalore: Highest average salary at 97,079.41.
Berlin: Lowest average salary at 93,509.28.
Other Locations: Salaries range between 93,930.94 (Toronto) and 96,729.03 (New York).
Stable Salary Trends: The average salaries in the software industry are consistent across various global locations.
Location Impact: While there are slight variations, the overall trend shows stability, with Bangalore offering the highest average salary.
Highest Average Salary: The Software industry has the highest average salary at $95,606.27.
Other High Salaries: Healthcare and Marketing also have high average salaries, with $95,455.38 and $95,203.55 respectively.
Lowest Average Salary: Manufacturing has the lowest average salary at $94,409.40.
Software Industry Leads: The Software industry offers the highest average salary among the industries analyzed.
Close Competitors: Healthcare and Marketing industries also provide competitive average salaries, making them attractive options for job seekers.
Education: San Francisco offers the highest average salary in the Education industry, with an average of $95,957.24.
Finance: Berlin leads in the Finance industry, providing an average salary of $96,053.50.
Healthcare: Bangalore is the top region for Healthcare, with an average salary of $96,185.38.
Manufacturing: Sydney offers the highest average salary in Manufacturing, at $95,926.00.
Marketing: Toronto is the leading region for Marketing, with an average salary of $96,775.47.
Retail: Bangalore provides the highest average salary in Retail, at $96,896.62.
Software: Bangalore also leads in the Software industry, offering an average salary of $97,079.41.
Bangalore: This region stands out by offering the highest average salaries in three industries: Healthcare, Retail, and Software.
Diverse Leadership: Different regions lead in different industries, indicating a diverse economic landscape where specific regions specialize in certain sectors.
Consistent Salaries Across Levels: The bar chart shows minimal variation in average salaries across different experience levels within each industry.
Industry Comparison: Healthcare and Software tend to offer higher average salaries across all experience levels compared to other industries.
Minimal Influence of Experience: Experience level does not significantly influence average salary within each industry, as the differences are relatively small.
Industry-Specific Trends: Certain industries like Healthcare and Software consistently offer higher salaries, suggesting industry-specific factors may play a larger role than experience level.
Industry Categories: The dataset includes industries such as Education, Finance, Healthcare, Manufacturing, Marketing, Retail, and Software.
Experience Levels: The experience levels considered are Entry Level, Mid Level, and Senior Level.
Average Salary Calculation: The average salary for each experience level within each industry was calculated.
Education:
Entry Level: $96,232.90
Mid Level: $94,210.86
Senior Level: $95,133.14
Finance:
Entry Level: $95,125.69
Mid Level: $95,576.29
Senior Level: $94,130.25
Healthcare:
Entry Level: $94,943.09
Mid Level: $96,093.55
Senior Level: $95,328.53
Manufacturing:
Entry Level: $94,283.31
Mid Level: $94,340.98
Senior Level: $94,611.40
Marketing:
Entry Level: $95,825.03
Mid Level: $94,739.98
Senior Level: $95,071.34
Retail:
Entry Level: $95,754.90
Mid Level: $94,842.86
Senior Level: $95,022.89
Software:
Entry Level: $96,082.79
Mid Level: $95,332.09
Senior Level: $95,401.55
Salary Variation: The average salary varies across different industries and experience levels, with Education Entry Level having the highest average salary and Finance Senior Level the lowest.
Experience Impact: Generally, the salary does not consistently increase with experience level across all industries, indicating other factors may influence salary beyond experience level alone.
Industry Identified: The industry identified with the highest average salary for entry-level job titles is Education.
Average Salary: The average salary for entry-level positions in the Education industry is $96,232.90.
Key Insight: The Education industry offers the highest average salary for entry-level job titles among the industries analyzed in the dataset.
Implication: This information can be valuable for individuals seeking entry-level positions and considering salary as a significant factor in their job search.
Want to know more about the relationships between the job titles, salaries, regions, and industries? Ask Powerdrill and get the answers you need today!