Quick Answer: What Do Data Scientists Make?

Where do data scientists make the most money?

Here are the 10 US metro areas with the highest average data science salary, when adjusted for cost of living.Phoenix-Mesa-Scottsdale, AZ.

Portland-Vancouver-Hillsboro, OR-WA.

Houston-The Woodlands-Sugar Land, TX.

Seattle-Tacoma-Bellevue, WA.

San Francisco-Oakland-Hayward, CA.

Austin-Round Rock, TX.More items…•.

What qualifications do you need to be a data scientist?

How to Become a Data ScientistEarn a bachelor’s degree in IT, computer science, math, physics, or another related field;Earn a master’s degree in data or related field;Gain experience in the field you intend to work in (ex: healthcare, physics, business).

Is data science a stressful job?

Data scientists typically work on data for an entire company, which means scouring through thousands of transactions all at once. … “Data science is more exciting and adventurous than stressful,” he says. “It is only stressful when you are working to pay bills, and not to solve real-world problems,” he adds.

Can data scientists become CEO?

Data Scientists-Turned-CEOs There are a number of data scientists who became CEOs making data a core part of their strategy, operations, and decision-making process. … Brad Peters, a data scientist-turned-CEO, who founded business intelligence startup Birst.

Who is the richest data scientist?

The first name on the list is Dr. DJ Patil, the U.S Chief Data Scientist at The White House. … 2.Yann Lecun. Second on the list is Yann Lecun, Director of AI Research Wing, Facebook. … 3.Allen Bonde. Allen Bonde was one of the earliest advocates of the data-driven marketing concept. … 4.Jeff Hammerbacher. … 5.Josh James.

Is data scientist highest paying job?

In addition to being one of the highest paying data science jobs in India, it is also a fast-paced one. … But most statisticians hold at least a postgraduate diploma in mathematics, computer science, economics, or other quantitative fields. Salary: Average statistician salary in India is ₹508,647.

Is data science high paying?

The average base salary for Data Scientists is $117K per year, ranging from $89.2K to $242K. Based on recent job postings for Data Scientists, 65% need to know Python, 53% need to have R programming skills, 50% need to know SQL and have machine learning development skills.

Is a PhD necessary for data science?

Data scientists have more PhDs than any of the other job titles. However, a PhD is not required for becoming a data scientist; only 20% of data scientists have them. Advanced degrees (MA or PhD) are held by 75% of data scientists. Less than 5% of data scientists have only a high school diploma or associates degree.

Do data scientists make good money?

Experienced data scientists can make well over six figures, but you may make closer to $70,000 at the start of your data science career. That’s not too shabby for what is technically an entry-level data scientist salary.

Are data scientists in demand?

A McKinsey Global Institute study states that the US will face a shortage of about 190,000 data scientists and 1.5 million managers and analysts who can understand and make decisions using Big Data by 2018. The demand is particularly acute in India, where the technologies and tools now exist but not the skilled users.

Do I need math for data science?

When you Google for the math requirements for data science, the three topics that consistently come up are calculus, linear algebra, and statistics. The good news is that — for most data science positions — the only kind of math you need to become intimately familiar with is statistics.

How many data scientists are needed?

In 2014, we found only about 1,000 job ads for “Data Scientist” on indeed.com. In 2016, we examined Deloitte study that predicted Businesses Will Need One Million Data Scientists by 2018.

What does a data scientist do?

By extrapolating and sharing these insights, data scientists help organizations to solve vexing problems. Combining computer science, modeling, statistics, analytics, and math skills—along with sound business sense—data scientists uncover the answers to major questions that help organizations make objective decisions.

Is data scientist a good career?

Data Science is one of the most highly paid jobs. According to Glassdoor, Data Scientists make an average of $116,100 per year. This makes Data Science a highly lucrative career option.

Why do data scientists quit?

Here are three key reasons I’ve encountered that lead to employee attrition: Lack of Infrastructure: That’s the case with most businesses, they lack the infrastructure like computing systems, accessibility to tools, etc. to support the role of a data scientist.