The demand for data scientists has increased exponentially in recent years. This rising demand has created great career opportunities in this field, and it is expected that the field of data science will generate more than 1.5 lakh new career opportunities in the upcoming years. This trend is the obvious response to the current digital society and world, which revolves around data. So, all around the world, big companies and organisations are taking the help of data science and data scientists for the betterment of their business organisation and economic activities.
Here’s a look at the highest-paying data scientist jobs.
Note: according to the Bureau of Labor Statistics (BLS), jobs for computer and information research scientists and data scientists will experience 14 percent growth through 2028
Data science is a field that comprises mathematics and computer applications; the aim of data science is to collect, store and analyse data. Specific algorithms and machine learning technics are used to analyse and get insights from the data, which will result in fostering an environment that is growing continuously. A data scientist will be a master in data collection, data conversion, data exploration, data analysis, and changing the data to a workable model by using machine learning techniques.
According to the US news, just in the United States, there are nearly 20,000 open positions for data scientists, and there isn’t enough supply to fill these positions; this is one of the many reasons why the data science professions command high salaries. According to Glassdoor, data science professionals typically earn around $117,000 a year, and this can vary depending on factors like level of education, location, and area of specialisation. In general, machine learning engineers earn more than data analysts, and the people working in the consumer technology sector usually make more than those who work for government agencies.