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Introduction
Are you looking to grab a job as a Data Scientist at Paytm? Kudos, you landed on the right page.
This article is mainly focused on the position of Data Scientist at Paytm. We will discuss the process, skill sets, and roadmap that will help you grab this dream job. We have also included some resources that will help you in your journey.
About Paytm
India's top digital payment and financial services provider, Paytm, aims to attract customers and merchants to its platform by providing them with various payment use cases. Customers can use Paytm Payment Instruments (PPI) such as Paytm Wallet, Paytm Payments Bank Netbanking, Paytm UPI, Paytm FASTag, and Paytm Postpaid. Buy Now, Pay Later to make payments for services like utility payments and money transfers. Paytm provides acquiring tools to businesses, including Soundbox, QR, and Payment Gateway. This is where payment aggregation is carried out via PPI, as well as financial tools from other banks. Paytm provides commerce services to merchants through advertising and the Paytm Mini app store to help them grow their businesses.
Now, let us discuss the role of a Data Scientist at Paytm, its roles and responsibilities, and a proper guide to crack the opportunity.
About the job
A data scientist is a person that uses data to understand as well as explain the phenomena around them. They also help organizations in making better decisions.
Data scientists decide what questions their team should be asking and then work out how to use data to respond to those questions. They frequently create predictive models for forecasting and predicting.
By creating and implementing analytical solutions and offering data-driven insights to business stakeholders to comprehend and resolve various lending business complexities, you will advocate for and illustrate the value and effect of analytics for informed business decision-making.
After the Job description, let’s move on to the Roles and Responsibilities of a Data Engineer at Paytm.
Roles and Responsibilities
As a Data Scientist at Paytm, you will be responsible for the following:
Building and strengthening the relationships with functional leaders in sales, product, risk, growth, and collections by identifying the areas where analytics can help in solving existing problems or strengthen business operations.
Applying problem-solving frameworks to break the complex business problems faced by the B.U.s and organization into smaller, more manageable problems and translate the business problem into data and analytics problems.
Identifying various business opportunities and applying analytics to optimize conversions and risk.
Generating actionable recommendations based on massive platform data and communicating the insights generated by the teams.
Sharing reports and dashboards with business stakeholders empower them to make data-driven decisions.
Managing transformation projects that help to improve the top line or bottom line through an analytical solution.
Becoming the champion of data and insight-led decision-making in the organization and driving change management efforts to bring stakeholders on board.
Managing a team of business analysts to deliver analytical solutions and data-driven insights to the business stakeholders.
After the roles and responsibilities, let’s move on to the Skills that are required for a Data Scientist at Paytm.
Skills Required
To become a Data Scientist at Paytm:
You must have completed Graduation or Post Graduation in Mathematics or Statistics.
It would be great if you had a high level of drive with a hunger to take the initiative. You must also have self-motivation.
You must have skills and experience in the Python programming language.
You must have skills and experience in SQL.
You must have skills and experience in Machine learning techniques.
You must have the ability to take internal as well as external stakeholders along with you.
You must have intense people management exposure.
You must have a love for simplifying.
You must have a Growth Mindset.
You must be willing to experiment and improve the quality of your work continuously.
After all, that, let’s move on to the Preparation Strategy that will help you in getting the role of Data Scientist at Paytm
Preparation Strategy
Now, let’s check out some ways that will help you in your preparation.
Get a Degree:
Most Data Scientists start by getting a Bachelor's or Master's degree in Computer Science or any other related field.
Start Coding and Working on Projects:
Start learning Programming using Python and spend some time in that field. Try to work on some projects as well.
Gain Skills:
The next is to focus on specific skills like Data Visualization and Big Data. For this role, one of the essential things is experience.
Also, start working with Machine Learning techniques. Additionally, it would be best if you spent some time on SQL and Hive.
For Interviews:
With all the above skills, start working on your communication skills as well.
Before the interview, you must have some knowledge about the company like the principles and focus of the company.
Check out the interview experiences before any interview.
Career Map
Data science is a vast field with a wide range of job choices. It's perfectly normal to be uncertain about each role's responsibilities or which career path would be best for you.
The growth in this field is also quite good. You can gain experience in other tools as well and switch to either Data Engineer or Data Architect.
Data architects are responsible for creating a blueprint for all the data management systems in an organization. The organization must develop and maintain every system and infrastructure associated with data by locating all viable structural and installation options. Data architects are in charge of designing analytics for various platforms and making sure their company's data solutions are built for performance and scalability.
A data engineer is in charge of constructing, maintaining, as well as managing data pipelines that will help in constantly making information accessible to data scientists. They are also in charge of coming up with innovative and cutting-edge solutions that will help the organization handle the growing complexity and variety of the data. These folks collaborate closely with product managers, analysts, and front-end and back-end engineers.
Resources
Now, check out the following resources. They will help you in your journey.
The salary of a Data Scientist at Paytm starts from ₹ 15,50,000 to ₹ 30,00,000 per year, which would make the average base salary be:
Average Annual Salary (/yr)
₹ 19,57,154 per year
Estimated Take Home Salary
₹ 1,29,468 - ₹ 1,33,985 per month
The average salary mentioned above is subject to change by Paytm.
Perks
Now, let’s discuss the perks you will receive as a Paytm Employee:
Job Training,
Competitive Salaries,
Medical Insurance,
Flexible Leave Policy,
Cafeteria.
Link to Apply
You can apply for this job via the Paytm Jobs portal using this link.
So, what are you waiting for?
Still nervous about the preparations? No issues. Practice makes the man perfect and confident! So why don’t you practice and gain some confidence? Check out the link that will help you to crack any interview😉👍.
In the end, it's always you vs. you!
Frequently Asked Questions
What is Data Science?
Data science is a multidisciplinary subject where technology, algorithm development, and inference from data are combined to address analytical issues or offer data-related insights.
Is it hard to become a data scientist?
You should anticipate difficulties on your path to becoming a data scientist. Strong communication skills, as well as reasonably sophisticated programming and statistical expertise, are required for this position.
Can I learn data science in 1 month?
It would be best to grasp data science fundamentally and another month to create your resume before you can call yourself a data scientist.
Do data scientists use Excel?
The basic premise behind spreadsheets is straightforward. You can make calculations or graphs by correlating the information in the cells. Excel still remains incredibly useful after more than 30 years. It is virtually unavoidable in the data science field.
Will A.I. replace data science?
A.I. does not threaten employment in data science. They will probably develop into knowledgeable helpers for data scientists, enabling them to execute more complex data simulations.
Conclusion
In this article, we have thoroughly discussed the Data Scientist of Paytm. We hope that this article has helped you enhance your knowledge regarding the Data Scientist role at Paytm and its preparation material as well as the process.
Now, check these articles that will help you in reaching your goals,
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