– Minimum data scientist salary per month –
Data Scientist is one of the most coveted titles in the field of Data Science and Business Intelligence today and has been termed as the “sexiest job of the 21st century” for all the right reasons.
A data scientist has the potential to decipher hidden information from a generous amount of raw data.
Now, you must be thinking, what is the salary of a Data Scientist? Well, let’s find out.
However, organizations today are keen to hire the best data scientists, and this demand clubbed with an exquisite set of skills that are a vital requirement are making the salaries soar higher than ever.
How Much Is a Data Scientist’s Salary?
The average data scientist salary is $100,560, according to the U.S. Bureau of Labor Statistics.
The driving factor behind high data science salaries is that organizations are realizing the power of big data and want to use it to drive smart business decisions.
And because the supply of data professionals hasn’t yet caught up with demand, starting salaries for these positions remain high, especially for those who have an advanced degree in data science or a related field.
What does a Data Scientist do?
Data scientists are specialists in the field of information technology who are in charge of analyzing enormous amounts of raw data.
They are an essential component of many businesses, including trade, government, and technical and scientific services.
Also, data scientists frequently collaborate with other technology experts in teams. They potentially qualify for senior data scientist positions as their experience grows.
Types of data scientist
You can work across a broad range of areas, including:
‣ Finance
‣ Academia
‣ Health
‣ Retail
‣ Government
Data Scientist Salary Per Month in the US, CA, AU, UK
There are several Data Scientists job openings in India, giving opportunities to data science pros to get ahead in their careers or data enthusiasts who want to begin a career in this field.
Data Scientist Salary in the US
As stated by the United States of Labor Statistics, the employment of all computer and information research scientists is expected to rise 19 percent by the year 2026, which is deemed much faster than the average for all professions.
Subsequently, about 5,400 new jobs are projected over the decade. According to LinkedIn, there are 20,000+ data science job opportunities in the US today.
According to PayScale the average salary of a Data Scientist in the US is $96,106.
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Data Scientist Salary in the UK
An entry-level Data Scientist with less than 1-year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of £34,717 based on 179 salaries.
However, an early career Data Scientist with 1-4 years of experience earns an average total compensation of £40,438 based on 1,031 salaries.
Salary
‣ Salaries for junior data scientists tend to start at around £25,000 to £30,000, rising to £40,000 depending on your experience.
‣ With a few years’ experience, you can expect to earn between £40,000 and £60,000.
‣ Lead and chief data scientists can earn upwards of £60,000, in some cases reaching more than £100,000.
Data Scientist Salary in the CA
The average data scientist salary in Canada is $102,500 per year or $52.56 per hour. Entry-level positions start at $59,400 per year while most experienced workers make up to $140,000 per year.
Similarly, an entry-level Data Scientist with less than 1-year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of C$70,179 based on 137 salaries.
While, an early career Data Scientist with 1-4 years of experience earns an average total compensation of C$78,194 based on 863 salaries.
Data Scientist Salary in the AU
The average salary for a Data Scientist is AU$92,221. The average data scientist salary in Australia is $110,973 per year or $56.91 per hour.
Entry-level positions start at $87,389 per year while most experienced workers make up to $160,000 per year.
Also, an entry-level Data Scientist with less than 1-year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of AU$76,150 based on 77 salaries.
An early career Data Scientist with 1-4 years of experience earns an average total compensation of AU$91,397 based on 428 salaries.
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Minimum Data Scientist Salary Per Month: Other Countries
‣ According to LinkedIn, the average salary of a Data Scientist in Singapore is SGD93,000 per year.
‣ According to Glassdoor, the average salary of a Data Scientist in London is £50,585 per year.
‣ According to LinkedIn, the average salary of a Data Scientist in Mexico is MX$3,96,000 /yr
‣ According to Indeed, the average salary of a Data Scientist in South Africa is R 611 179 per year.
‣ According to Indeed, the average salary of a Data Scientist in Spain is €34,000 /yr
‣ According to Payscale, the average salary of a Data Scientist in Nigeria is 1,943,798 NGN / per yr.
However, data scientists tend to have advanced degrees in quantitative disciplines such as data science, applied mathematics, statistics, computer science, engineering, economics, or operations research.
But only a data science master’s degree will give you the precise education you need to be ready for a career in data science.
Hope this was helpful. Kindly share with friends and loved ones to get along with the update.
StudentsandScholarship Team.
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