If you’re an aspiring data scientist or are planning to get promoted, here are the top data scientist salaries for display. But before we get into this, it is worth knowing that the average data scientist salary in the United States is a reported $124,512 (Source: Indeed).
At the same time, it is crucial to note that the market share of advanced analytics in data science is spread out with MATLAB taking about 14.5 percent in the states per Statista.
Since the data science industry encompasses a lot of occupations and job titles, we cannot always base the salary on the beginner’s or senior data scientist’s salary. Let’s have a look at the salaries in detail for each area.
A Guide to Data Scientists’ Salary
When it comes to a data scientist’s salary, several factors have a say in terms of compensation. Note that the average salaries may range in different roles which is why it is crucial to know the factors that go into it.
Experience
Having significant experience is vital in influencing a data scientist’s salary. Generally, more years of experience make it to higher pay. This is why entry-level data scientists earn less compared to the ones with years of experience.
Skill
Having a specific skill set to your name also makes a lot of difference in the salary. For instance, proficiency in machine learning, data mining, and programming languages namely Python, SQL, and R can be seen as an advantage when applying for a data scientist’s job. Moreover, a specialized skill set such as natural language processing (NLP) and deep learning might be an added advantage for those opting for a higher position. This is primarily why a senior data scientist salary is more than the entry-level salary.
To understand more about the impact of skills and acquiring them simultaneously, start with the Certified Data Science Professional (CDSP™) certification by USDSI®. This certification offers an introduction to fundamental data scientist skill sets and prepares you for a stellar career in data science.
Location
A very common factor in itself, the geographic location mostly determines the variations in one’s salary. This is due to the living standards and demand for data scientists in varied locations. For instance, data scientists in New York City often take home higher salaries compared to other competitive spaces.
Industry
Industries like finance and healthcare command significantly higher salaries compared to academia and other non-profit institutions. This occurs due to the complexity of work offered in some fields. Additionally, a quick background check can reveal the nature of one’s education. It is common for people with master’s or PhD in certain vocations to expect more salary.
Average Data Science Salaries
The average data scientist’s salary depends on several factors. To increase your chance of upskilling and landing the job of your dreams, go for the Post Graduate Program in Data Science offered by Purdue University. Designed for working professionals, this certification course validates learning in areas like Generative AI, and prompt engineering. Now that we have discussed these, let’s look at some actual figures.
| Role | Entry-level data scientist salary | Mid-level data scientist salary | Senior data scientist salary |
| Predictive Modeler | $47,867 | $80,184 | $134,319 |
| Database Administrator | $65,816 | $96,086 | $140,277 |
| Analytics Manager | $78,975 | $117,176 | $173,856 |
| Machine Learning Engineer | $103,840 | $160,785 | $248,957 |
| Statistician | $60,189 | $97,238 | $157,093 |
| Data Scientist | $81,572 | $124,512 | $190,056 |
| Quantitative Analyst | $74,855 | $124,273 | $270,412 |
| Computational Linguist (in AI/NLP) | $54,811 | $91,558 | $152,942 |
| Business Intelligence Analyst | $59,167 | $90,585 | $138,685 |
| Data Architect | $97,482 | $131,410 | $177,146 |
| Data Mining Engineer | $57,660 | $94,381 | $154,488 |
| Cloud Engineer | $82,484 | $124,592 | $188,197 |
| Data Engineer | $81,002 | $126,020 | $196,058 |
| Data Visualization Specialist | $12.88 hourly | $24.50 hourly | $46.58 hourly |
| Research Scientist (in Data Science/AI) | $55,068 | $99,356 | $179,265 |
(Source: Indeed)
Conclusion
The data science field is expected to rise by 65% as more companies enter the market gradually. (Source: Statista) For those who plan on getting on the data science bandwagon, skills are a must-have. Apart from these, other factors like the latest technology and the growing Silicon Valley environment contribute to a data scientist’s salary.
Get certified today! The best way to get into the field is by taking a certification that helps you make an impact in the field. Most data scientists have been successful in landing themselves a job that caters to their skills and fulfills their dreams. The average data scientist in the world earns anywhere from $47,867 to $270,412. Considering the multiple vocations offered by companies, knowing a data scientist’s salary is the first step to go about it. Keep reading to learn more!
