Judging by the way things have been going on the stock market these past few years, you’d think that the financial industry’s glory days as first choice for top talent are behind us.
While every industry has its pros and cons, the pay for Data Scientists is substantially higher in the following industries, per the most recent O’Reilly Data Science Salary Survey: Yep, you guessed it! This compensation does not influence our school rankings, resource guides, or other information published on this site.

With their specialized skills of data analysis, data scientists work as the secret weapon for an enterprise to identify business issues and solutions for it. Data analysts work hands-on with data and tend to be at a point in their careers when they are focused on building up data science tools and skill sets. Business Degrees 2020. Salary range: $85,000-$170,000, Data analyst Furthermore, this trend is more prominent among non-managerial positions.

reported the latest salary trends based on experience: The median salary for a mid-level data scientist is $130,000. 20,00,000. Retrieved from, 10 Data Science Jobs That Pay Ridiculous Money. For every year of experience, data science professionals make an average of $2,000 to $2,500 more. We get what we negotiate for. The core tasks of the data warehouse manager include the safe and efficient managing of data while providing as much efficiency as possible.

Data scientists use analytical, statistical and programming skills to collect, analyze and interpret large amounts of data.
813,531. As companies collect increasing amounts of data to improve products and services and gain competitive advantage, data scientists remain in high demand across industries, according to a recent report from Indeed. Learn the latest news and best practices about data science, big data analytics, and artificial intelligence.

Not to mention, this is one of the upskilling options as well.

Hence, it’s a need for businesses to learn how to formulate tasks for future prediction and to translate a business problem into a mathematical formula.

These reports are used to enhance company efficiency and processes, and also help to decrease the cost to profit ratio.

Sign up for our weekly newsletter below! A data warehouse manager is responsible for housing huge amounts of data safely in a secure facility. All industries need (or will soon need) Data Scientists and other analytical talent. As per PayScale, the average national salary for data scientist jobs in India is. We live in an age where software makes the world go ‘round, so it is little wonder that software companies big and small are looking to gain a competitive edge by mining their data for profitable insights. For example, data scientists who are skilled with Hadoop, Machine Learning, Java, Python, R, and Data Mining draw more salary than others. One of the biggest mistakes young professionals make is worrying about the present and losing the vision of the future. CTRL + SPACE for auto-complete. Engineers can solve problems and drive business value by building the platforms and applications that data scientists use to perform data analytics. It is said that, in business, as in life, we do not get what we deserve. Well-funded software startups, in particular, are known to pay their Data Scientists handsomely, and they are also widely seen as good indicators of longer-term trends in data science salaries. What is the average annual salary for a … But to make good choices with all of that data, they need to have workers who are skilled in data science.

Hence, if you are a data scientist along with Big data skill like Hadoop, then you can earn 26% more than the professionals who know only analytics. The good thing about being a data analyst is that it is not just limited to technology companies. Data Scientist Salary by Education.

It is common knowledge that the data scientist role is one of the most sought-after jobs in the country.