The Economist: Data Scientist Bls

Demand is high for data professionalsdata scientists and mathematical science occupations are expected to grow by 31 percent and statisticians by 35 percent from 2019 to 2029 says the US Bureau of Labor Statistics BLS. Data scientist is also shaping up to be a satisfying long-term career.

Data Scientist A Hot Job That Pays Well Indeed Hiring Lab

15-2098 Data Scientists and Mathematical Science Occupations All Other This occupation includes the 2018 SOC occupations 15-2051 Data Scientists and 15-2099 Mathematical Science Occupations All Other as well as the 2010 SOC occupations 15-2091 Mathematical Technicians and 15-2099 Mathematical Science Occupations All Other.

Data scientist bls. But the related profession of computer and information research scientists has an annual median wage of 118370 with a range between 69230 and 183200. Data scientists have a wide range of technical competencies including. What is the Median Data Scientist Salary.

According to the BLS data administrators one type of data scientist earn a median annual salary of 90070 and can expect a nationwide 9 job growth rate between 2018 and 2028. However you may also be interested in hiring a Data Scientist who has attended an accelerated data science bootcamp or is self-taught with a portfolio of projects to prove their skills. The median wage is the wage at which half the workers in an occupation.

Bureau of Labor Statistics Occupational Employment and Wage Statistics The median annual wage for mathematicians was 110860 in May 2020. Also known as data analysts data architects and data engineers data scientists help organizations operate efficiently and effectively creating algorithms to organize data and communicating data analysis results to decision-makers. A data scientist earns an average salary of 113396 in the United States as of March 2021 according to Glassdoor.

Data science is a fast growing and lucrative field with the BLS predicting jobs in this field will grow 11 percent by 2024. A data scientist is an expert in collecting organizing and analyzing information. According to PayScale data scientists working in IT the industry employing the most data scientists earn a median annual salary of 91260.

This data scientist salary guide will help you understand how experience location and industry impact a data scientists salary and some recommendations to maximize your earning. The lowest-earning 10 of data scientists earned less than 69990 and the highest-earning 10 earned more than 189780 putting data science careers in a relatively lucrative category of work relative to. Demand for experienced data scientists is high but you have to start somewhere.

Bureau of Labor Statistics. Data scientists commonly have a bachelors degree in statistics math computer science or economics. The median wage is the wage at which half the workers in an.

Data Scientists often need a bachelors degree or higher in computer science math software engineering statistics data science or a related technical field. Thats much faster than the average growth. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less.

Statistics and machine learning coding languages databases machine learning and reporting technologies. BLS data states that the median annual salary for data scientistsreferred to as Computer and Information Research Science by the BLSis 122840. According to the BLS data scientists and professionals in mathematical science occupations earn a mean annual salary of 100560.

The BLS forecasted that the data scientists market is expected to grow by 52oo between 2018 and 2028. According to the Bureau of Labor and Statistics BLS employment growth of computer information and research scientists which include data scientists from 2019 to 2029 is 15. Finally folks in some states such as New York North Carolina Maryland New Hampshire and Washington enjoy base salaries above 115000 on average according to the Bureau of Labor Statistics BLS.

The job market will experience around 16 of growth which shows three times more growth than the number projected in national average job market growth during the same. The Bureau of Labor Statistics does not provide specific salary data for data scientists. Exact salaries vary depending on a workers employer industry location education and experience.

Median wages are highest in this field in the following industries. Bureau of Labor Statistics Occupational Employment and Wage Statistics The median annual wage for operations research analysts was 86200 in May 2020. Bureau of Labor Statistics Occupational Employment and Wage Statistics The median annual wage for computer and information research scientists was 126830 in May 2020.

Data Scientists And Mathematical Science Occupations All Other