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How much is a Data Scientist’s Salary?

Data Science Salary

A data science career has become a great career option for the youth. However, the course requires a lot of knowledge about the realm, programming, maths, and statistics as the one who knows it is quite in demand. The demand for the post of data scientists and engineers has grown in recent times. This is because there has been a huge gap between the demand and the supply of highly skilled data science professionals.  

Very few applications for the job get selected because the job of a data scientist is quite difficult. This is because the job needs highly advanced technical skills and relevant experience. Hiring a good data scientist is a difficult task as one should reach the expectations of the company hiring them. Also read: Cyber Security Salary– Beginners and Experienced

Factors responsible for Salary

The main factor for the high paid salary of the data scientist by the companies is they have known the power of data and use it wisely in taking business decisions. And the post of data scientist has not been taken due to technical knowledge. To attract youth to different career options the salary is highly paid. 

The factors responsible for getting a good salary for a data scientist are:

The employee has much experience and had held a good position earning up to 24 lakh per annum. The promotion for the higher post in the field of data scientist increases by 50%.

Data Scientist Salary in Other Countries

The top five countries offering salaries are as follows:-

It is at the top of the list of countries that provide high salaries to the data scientists willing to work with them. The average salary of a data scientist yearly is $120,000 per year. So, It pays a higher salary than any other country.

It is ranked second in the list of countries providing high pay to data scientists. The salary of a data scientist is between AU$ 75,233 per year to AU$121,578 per year according to the experience.

Israel has become a hub of IT centers with several job opportunities for both beginners and experienced. They can earn up to $88,000 per year.

The salary in Canada for data scientists is $ 81,000 per year. The starting salary of a data scientist is $ 77,870 per year and can take a hike up to $117, 750 per year.

Data Scientists in Germany may have a salary of up to 5,960 euros per month. Working Data Scientists have a salary of between 2,740 and 9,70 euros per month. Also read: Web 1.0, Web 2.0 and Web 3.0

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