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11/17/2015
07:06 AM
Jessica Davis
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Data Science Skills To Boost Your Salary

Are you a data scientist wondering how your compensation stacks up to your peers? Or are you considering a career shift to data science? Here's a look at how much you can expect to earn.
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Salary Overview

The median annual base salary for data scientists is $91,000 worldwide, and $104,000 for US respondents, according to the O'Reilly survey. This shows no significant change from last year's findings. Those in upper management (director, VP, or CxO) earn $32,003 more than the worldwide median.
(Image: alexsl/iStockphoto)

Salary Overview

The median annual base salary for data scientists is $91,000 worldwide, and $104,000 for US respondents, according to the O'Reilly survey. This shows no significant change from last year's findings. Those in upper management (director, VP, or CxO) earn $32,003 more than the worldwide median.

(Image: alexsl/iStockphoto)

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shamika
50%
50%
shamika,
User Rank: Ninja
11/28/2015 | 8:59:22 PM
Re: More Meetings = More Money
However I have also seen failures even when the higher management conducts meetings. I think the success depends on your personality and soft skills too. What do you say?
shamika
50%
50%
shamika,
User Rank: Ninja
11/28/2015 | 8:57:07 PM
Re: More Meetings = More Money
@nomii true. With the experience you will know how to handle a meeting in an effective way. The success of the meeting always depends on what you talk and how you convince them towards your product/service. 
jries921
50%
50%
jries921,
User Rank: Ninja
11/27/2015 | 12:38:51 PM
Re: More Meetings = More Money
Such would be the nature of the free market (which is not entirely free, but...).  Loyalty and stability are good things, but as Chesty Puller said long ago, loyalty up never exceeds loyalty down; and the latter appears to be seen as not in keeping with the currently fashionable investor-centric business model,.
nomii
50%
50%
nomii,
User Rank: Ninja
11/26/2015 | 2:52:00 AM
Re: More Meetings = More Money

@Jries very true. But the hunger of making more money never ends in an individual. We have witnessed many individuals switch their jobs to earm more money. And many firms try to get a good supervisor out of other firms by offering him good package then what he was already earning. I think in one sense its good for individual but what about company and its loyality. What is your opinion?

jries921
50%
50%
jries921,
User Rank: Ninja
11/24/2015 | 10:31:46 PM
Re: More Meetings = More Money
I think that was my point.  Senior professionals, especially those with supervisory responsibilities (not all senior analysts have them), tend to both make more money and spend more time in meetings.  But attending meetings does not cause data scientists or most other professionals to earn more money.
jries921
50%
50%
jries921,
User Rank: Ninja
11/24/2015 | 10:26:51 PM
Re: More Meetings = More Money
We're talking about data analysts and statisticians (now fashionably grouped together as data scientists) here, not salespeople.  Admittedly, every self-employed person is also a salesman and the boss is always salesman in chief, but I was under the impression that the article was discussing meetings with managers and colleagues (the usual sort that employers insist on to make sure that the work stays coordinated).  Meetings with customers are in a different category and most analysts (other than independent consultants) don't make sales calls.
nomii
50%
50%
nomii,
User Rank: Ninja
11/24/2015 | 10:00:22 PM
Re: More Meetings = More Money
@Jries "I doubt that participation in meetings per se increases one's earning capacity".

I agree that in my opinion these kind of meetings have anything to do with increase in your financial status. Its a job years and your experience that will get it high. With seniority responsibility increases and you are paid according to your seniority or service structure. Initially in job you are an operator/ worker and later supervisor and than manager and hierchy goes up. With the seniority your pay also goes with it. What is your opinion. I hope I have got your point right?

shamika
50%
50%
shamika,
User Rank: Ninja
11/24/2015 | 9:48:28 PM
Re: More Meetings = More Money
Valid point. However don't you think more meetings will lead towards more money? Having more meetings will enable you to sell or market your product/service better. What is your idea?
shamika
50%
50%
shamika,
User Rank: Ninja
11/24/2015 | 9:45:02 PM
Re: Negotiation Skills
@nomii. I agree with you. It is always important to get the basic concept right. Having the basic knowledge will definitely help in improving and increasing the efficiency.
jagibbons
50%
50%
jagibbons,
User Rank: Ninja
11/23/2015 | 7:15:09 PM
Re: More Meetings = More Money
I agree that it isn't causal. But I'm not sure the supervisory issue exists in the specific case of a data scientist. In general, a supervisor is going to make more. In a highly specialized field, not necessarily so.
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