How to Become a 6-figure Earning Full Stack Data Analyst in 2023?

Top tips to become a 6-figure earning full stack data analyst in 2023

In 2021 and years before that, Data Analyst jobs saw a quick spike in growth, especially during the peak of the Covid 19 Pandemic, and many industries witnessed this steep growth that data brought to their competitors and hired more people with Analytical skills than any other in any department. A Full Stack Data Analyst is someone who knows how to understand business problems and convert them into analytical statements and produce analytical insights into business solutions. Here's how you can become a 6-figure earning full stack data analyst.

Being a Full Stack Data Analyst means mastering your analytical skills and going beyond that to establish relationships among business problem statements, analytical insights, and business target solutions. As a Full Stack Data Analyst, you need to go beyond Excel and SQL to understand what business stakeholders say to you and what they actually meant to say. Also what business stakeholders deem to achieve and what they really need to achieve. For instance, a business stakeholder may ask: analyze our customer data and recommend to us how we can improve the sales in our branch in the Bay Area.

Now when stakeholders ask questions like this, trust me they have sat down and discussed a lot. They just want to confirm or disprove if their preconceived suspicions are right or wrong or if you will surprise them with something new. In such a case, the first thing as a good Full Stack Data Analyst who knows not just excel and SQL will then rephrase their statement and remove the "how" and replace it with "why". The how can come later.

One of the biggest factors that can influence your salary is your level of experience. In general, the more years you spend working as a data analyst, the more you can expect to earn. Here's how experience can impact your data analyst salary, according to Glassdoor,

•           2 to 4 years (Senior Data Analyst): $98,6
•           5 to 7 years (Senior Data Analyst IV): $112,593
•           8+ years (Principal Data Analyst): $138,031

Moving into a leadership role can further boost your earning potential. Glassdoor reports that analytics managers earn an average salary of $129,076 in the US, while directors of analytics earn $180,392.

On the other hand, where you live can also have a big impact on how much you can make as a data analyst. Typically, working in a big city like San Francisco, New York, Boston, or Washington, DC correlates to a higher salary (as well as a higher cost of living). As more and more companies employ a geographically dispersed workforce (including remote workers), it's common for companies to offer location-based salaries—salaries that take into account location rather than merit alone.