Data scientists require a mix of skills that can be utilized in the modern tech world, although the role itself is still being defined as duties and responsibilities evolve. For the most part, data scientists are charged with driving initiatives to improve a user's website experience in addition to website monetization, all while delivering analytics that can help companies better understand user engagement. They may focus on optimizing performance platforms, ensuring the maximum amount of revenue is being produced per impression, or working on a team to scale and refine data management procedures. Responsibilities will vary by company, but data scientists should be masters of analysis.
Data Scientist Job Education Requirements
Data scientists work with large amounts of data, so they must have advanced math, programming, and statistics skills in order to apply their analytic powers. Obtaining the right skills can be achieved through self-learning courses, but many employers prefer applicants to have a relevant degree. For the most part, though, employers want to hire data scientists with real-world skills, so it's important to aim for technical know-how.
Data Scientist Job Market
Predictions have shown that the United States will face a major shortage of people with advanced analytical skills within just a few short years. This should lead to a higher demand for data and information scientists who are masters of analysis. It also means enjoying a stable, lucrative career.
Data Scientist Job Salary Information
Like the top IT professionals, data scientists enjoy an impressive starting pay. In fact, entry-level professionals that work in Silicon Valley have seen six-figure starting salaries. The minimum pay for data scientists is about $76,000 per year, which is still an impressive figure. The highest paid professionals enjoy an annual income of nearly $150,000.