Comments
UC Berkeley Breeds Data Scientists Online: $60K, 18 Months
Threaded  |  Newest First  |  Oldest First
Zman7
50%
50%
Zman7,
User Rank: Strategist
6/23/2014 | 12:46:41 PM
Hmmmm...
Yeah - I'll bet that's a real high quality education.  
MedicalQuack
50%
50%
MedicalQuack,
User Rank: Moderator
6/23/2014 | 12:48:14 PM
Quantitated Justificatiions..for things not true
As everyone pushes for the miracle solutions in quantitating everything, more of this will appear as well.  I'm not saying it's all junk by any means,but this lives within the framework as well as all you have to do with a news article is put an algebraic formula in the article and people just suck it up like it has to be the truth.

http://ducknetweb.blogspot.com/2013/12/quantitated-justification-for-believing.html

My Killer Algorithm page is stocked with many experts smarter than me that explain how this works and sometimes how Quants, data scientists, just flat out guess when they use non linear formulas and can't find actual numerical relationships...just don't get soaked on "all" reports and studies you read as this lives out there too.

http://www.ducknet.net/attack-of-the-killer-algorithms/

 
ChrisMurphy
50%
50%
ChrisMurphy,
User Rank: Author
6/23/2014 | 1:03:54 PM
Premium vs. Cost Savings
We heard a lot about online education being able to lower the cost of higher ed. This goes the opposite direction -- a way to get a degree to market quickly and capture a premium by meeting a perceived skill shortage.
jastroff
50%
50%
jastroff,
User Rank: Ninja
6/23/2014 | 1:42:10 PM
I'll Skip this Program...
Wow -- did they really say this?

>> The program appeals to a certain niche of student, such as women who dropped out of the workforce to have children, currently have young kids at home, and now want to reenter the workforce with a new set of highly marketable skills.

"That's a fantastic niche for us," says Weber.

Regardless of how off-putting that statement is, the program takes too long and costs too much. By the time you are done the market will have changed three times.

Some academic and lots of hands-on training in less than a year for about $18K with guaranteed placemement should do it.
zaious
50%
50%
zaious,
User Rank: Moderator
6/23/2014 | 10:58:56 PM
Re: I'll Skip this Program...
I think severla other universities will jump into the same band wagon and start offering online courses like these. (There are options but from top schools, it is few in number.) Naturally, the more providers deliver it, the cheaper it will be. I am not confiednt that they will be able to hold the price at that level for long.

jastroff
50%
50%
jastroff,
User Rank: Ninja
6/23/2014 | 11:04:53 PM
Re: I'll Skip this Program...
State universities often susidize in state tuition with high professional program fees There is no excuse for a master's program to be more than 2 semesters.
Brian.Dean
50%
50%
Brian.Dean,
User Rank: Ninja
6/24/2014 | 2:36:33 PM
Re: I'll Skip this Program...
I think that MOOCs will be the future of digital/online learning, this form of delivering education has the potential to not cost as much as other traditional online course, with the added benefit that the network will contain a higher level of education quality, due to diversity. An environment that has a diversified peer group, such as, a few full-time student, a few part-time student, professional/students, business/students and professors that are studying other courses, will create the quality in a collective environment.  
Laurianne
50%
50%
Laurianne,
User Rank: Author
6/23/2014 | 3:34:02 PM
Money matters
You can certainly find less expensive MOOCs, however, this is a master's degree program from a respected university, so it is a different animal from a one-off online course. Also you are paying for access to that UC Berkeley alumni network -- no small matter in the Bay area. Would a one-year timeframe make it more appealing, readers?
Technocrati
50%
50%
Technocrati,
User Rank: Ninja
6/23/2014 | 11:48:56 PM
Re: Money matters

I agree there is a certain premium that I would expect to earn a Master's from Berkley.   Considering that most who would seriously pursue this degree already have had considerable work experience  - I think a year time frame would work better but 18  months isn't that bad.

Technocrati
50%
50%
Technocrati,
User Rank: Ninja
6/23/2014 | 11:58:09 PM
Re: Money matters

On another note, it takes years of experience to become an effective Data Scientist.   And for the record, I don't think 18 months can qualified one for that title.

But the degree is from Berkley, so I would be willing to give it a go if financial aid were not an issue.

 

Too much for my budget.  I guess if I decide to go this route, then I will have to do it the old fashion way.

Technocrati
50%
50%
Technocrati,
User Rank: Ninja
6/23/2014 | 11:43:31 PM
Data Science Hits Main Stream ?

This is really great news for the field of Data Science.  I am not so sure one can " write their own salary" once you attain the lofty requirements to earn this degree, but I do think a degree in Data Science is the most exciting new degree today.

Brian.Dean
50%
50%
Brian.Dean,
User Rank: Ninja
6/24/2014 | 2:49:48 PM
Re: Data Science Hits Main Stream ?
The level at which one can "write their own salary" will most probably be a function of what the universities are paying data science professors. Overall, I agree, data sciences degrees are in high demand at the moment, and since the growth of data is only expected to continue -- demand for the professionals that deal with data will continue exist.  
Technocrati
50%
50%
Technocrati,
User Rank: Ninja
6/25/2014 | 1:25:13 PM
Re: Data Science Hits Main Stream ?
@Brian Dean    Good point.  Salaries will probably be benchmarked against the latest teaching salaries.
Laurianne
50%
50%
Laurianne,
User Rank: Author
6/24/2014 | 5:20:39 PM
Big data salaries
The companies themselves have driven up the pay offers, right? The West coast data science salary bubble won't last forever, but demand does not look to cool nationwide for some time, recruiters say.
Technocrati
50%
50%
Technocrati,
User Rank: Ninja
6/25/2014 | 1:28:33 PM
Re: Big data salaries
@Laurianne    It is supposed to work that way, but IME  many companies try to ignore what the market does in terms of salaries for the most part.  

I can see the tag of "entry level" attached to the listing and that means you may never get fair market for your skills.
Laurianne
50%
50%
Laurianne,
User Rank: Author
6/25/2014 | 2:56:35 PM
Re: Big data salaries
Sure, some companies will try to lowball on market averages -- but good luck trying in this hot category.
Technocrati
50%
50%
Technocrati,
User Rank: Ninja
6/25/2014 | 3:15:08 PM
Re: Big data salaries
@Laurianne   I agree, if a company is serious enough to want a DS then they should be ready "to pay the freight", as these potential employees have more leverage than most.

The more I think about this, the more I think this might be something to aspire too.  I have a MIS background and plenty of real world experience so that would be a good start. 

Still thinking about this new field to be honest, but I like being on the cutting edge of things, so it is very appealing for that reason alone.  Oh and the compensation is nice too ; )
Technocrati
50%
50%
Technocrati,
User Rank: Ninja
6/25/2014 | 1:33:04 PM
Re: Big data salaries
"....but demand does not look to cool nationwide for some time, recruiters say."

 

@Laurianne    That is great news actually.  Because developing the skills to become a true DS will take a considerable amount of time, so it is nice to know there will be a employment for one's hard earned degree.  Not always the case, but I believe the field of Data Science will continue well into the future.


The Business of Going Digital
The Business of Going Digital
Digital business isn't about changing code; it's about changing what legacy sales, distribution, customer service, and product groups do in the new digital age. It's about bringing big data analytics, mobile, social, marketing automation, cloud computing, and the app economy together to launch new products and services. We're seeing new titles in this digital revolution, new responsibilities, new business models, and major shifts in technology spending.
Register for InformationWeek Newsletters
White Papers
Current Issue
InformationWeek Tech Digest Septermber 17, 2014
It doesn't matter whether your e-commerce D-Day is Black Friday, tax day, or some random Thursday when a post goes viral. Your websites need to be ready.
Flash Poll
Video
Slideshows
Twitter Feed
InformationWeek Radio
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.