DATA SCIENTIST -
ONE OF THE BEST CAREER STRATEGIES
The best career strategies include looking at careers that have high
demand. A data scientist is one of the hottest jobs in 2020 and the
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Data - Data Everywhere
In May 2018, Bloomberg published an article by Michael Sasso entitled "This is America's Hottest Job”. It states that data scientists are very much in demand.
When you stop to think about it, this does make sense. Since our world
has changed to incorporate so much of our life online, that is where all
of the data exists. And companies want to find our more about you and
what you really want so they can target ads and ideas directly to you.
What IS IT?
Word Cloud for “What Is A Data Scientist”
Photo courtesy of Justin Grimes
"Data science is an interdisciplinary field of scientific methods, processes, algorithms and systems to extract knowledge or insights from data in various forms, either structured or unstructured, similar to data mining."
What does this really mean? In my view, it means that if you the mathematical, statistical, and computer skill set, you may be able to make a lot of money.
Admittedly, not everyone fits into this category. But, for those that are starting out or are already experienced in some of these fields, the future looks bright.
If you can take unstructured and structure data and organize them using your math, statistics and programming skills, then you could be a data scientist. This converts into true value for a company as it looks for ways to improve its balance sheet.
Some consider it to be the sexiest job in the 21st century.
SALARY RANGES FOR ONE OF
THE BEST CAREER STRATEGIES
Data Scientist Panels Spread The Word
Photo courtesy of NYC Media Lab
What are we talking about? According to the Bloomberg article, a typical data scientist job pays about $119,000 at the midpoint. Other sites state that salaries range from a minimum of $76,000 to a maximum of $195,000. Those individual with Ph.Ds could get as much as $300,000. That makes it one of the best paying careers.
In 2018 the expected shortage of data scientist would run from 140,000 to 190,000 people with such deep analytical skills. There could be a shortage of managers and analyst that know how to use the analysis of big data to make effective decisions, per a McKinsey report.
Google, Amazon, Airbnb, LinkedIn, Uber are some of the big players that have such demand. But it doesn’t end there. Even smaller retail stores are looking for experts to help with the bid data issues. This pushes the salaries up… way up! Make way for one of the best career strategies.
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