Frequently Asked Questions
What is data science?
While still relatively new, data science is a field that incorporates preparing and analyzing data to draw conclusions. Data scientists design and build new processes for data modeling by using algorithms, prototypes, predictive models, and custom analysis. People should pursue data science if they’re interested in asking questions and creating algorithms and statistical models to estimate the unknown.
Is data science in high demand?
All of the data in the world is projected to grow to a staggering 181 zettabytes by 2025. And this growth has translated into high demand for data scientists—even outpacing the speed with which colleges and universities can train them. Data scientist ranks No. 3 among the 50 best occupations in the U.S., according to Glassdoor’s list of the best jobs for 2022, and was beat out only by the roles of enterprise architect and full stack engineer.
How can I become a data scientist?
Some people may choose to follow a step-by-step guide to become a data scientist. First, you may want to pursue an undergraduate degree that focuses on technical skills like programming or statistics. Then, you should identify an area of specialization and hone this specialization by enrolling in a master’s degree program in data science. Finally, you should showcase your data science experience when applying for jobs.
Is a master’s degree in data science worth it?
In addition to high demand, people with a master’s degree in data science can expect to enter a rapidly-growing field with solid salary prospects. Through 2026, the U.S. Bureau of Labor Statistics (BLS) projects data science jobs will grow by 28% per year. Even before graduation, some data science students in master’s degree programs are fielding offers of $125,000 and up.
How much money can you make in data science?
As with any career, pay prospects can vary by company and role. Data scientists made a median salary of $164,500 in 2020, according to a 2021 survey of engineering professionals by the Institute of Electrical and Electronics Engineers (IEEE).
What is the highest paying data science job?
The median base salary for data scientists is $120,000, according to figures from Glassdoor, though the likely range for positions goes as high as $294,000. Some tech companies are even paying in excess of $300,000 for senior-level data scientist roles.
What kind of jobs do data scientists do?
The sky’s the limit for job opportunities for data scientists, including careers in tech, entertainment, pharmaceuticals, telecom, sports, consulting, or even as a company executive who understands data. What’s more, new job titles are likely to be created, particularly related to ethical concerns with sensitive data and as companies look for new ways to utilize their massive data sets and emerging technologies such as cloud computing, A.I., and machine learning.
Is data science a good career field?
In 2012, Harvard Business Review called the role of a data scientist “the sexiest job of the 21st century.” Ten years later, data science remains a good career field for many people thanks to the wide range of jobs available now and in the future, along with robust demand and six-figure salary prospects.
Is it hard to get a data science job?
The class of 2022 from master’s degree programs in data science were fielding job offers, with competitive salaries, months ahead of graduation. Demand for data scientists is growing faster than colleges and universities can train them. Even so, job applicants should still expect a rigorous interview process that often entails showcasing examples of work or a commitment to staying up-to-date in a rapidly changing industry.
