Business Intelligence Buyer's Guide

2023 Data Science Salary Expectations in the United States

Data Science Salary Expectations

Data Science Salary Expectations

Solutions Review explores the state of data science salary in the United States, along with a link to the most popular e-learning training.

Data science has emerged as one of the most lucrative career options in recent years, and the demand for data scientists in the United States continues to grow. As businesses increasingly rely on data to drive decision-making, the need for skilled professionals who can collect, analyze and interpret data is at an all-time high. With the growing demand for data science talent, it is no surprise that data science salaries in the United States continue to rise.

In 2023, data science salaries in the United States are expected to continue their upward trend. According to a report by Glassdoor, the national average salary for a data scientist in the United States is $113,309 per year. However, this figure can vary widely depending on factors such as location, industry, experience level, and education. For example, data scientists in the San Francisco Bay Area can expect to earn an average salary of $135,798 per year, while those in New York City can expect to earn an average salary of $128,527 per year.

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Data Science Salary Expectations

The industry in which a data scientist works can also have a significant impact on their salary. According to the same Glassdoor report, data scientists in the technology industry can expect to earn an average salary of $120,965 per year, while those in the finance industry can expect to earn an average salary of $103,887 per year. Other industries with high-paying data science roles include healthcare, government, and e-commerce.

Experience level is another key factor that influences data science salaries in the United States. Entry-level data scientists with less than one year of experience can expect to earn an average salary of $82,000 per year, while those with 1-3 years of experience can expect to earn an average salary of $100,000 per year. Mid-level data scientists with 4-6 years of experience can expect to earn an average salary of $125,000 per year, while senior data scientists with 7+ years of experience can expect to earn an average salary of $150,000 per year.

Education is also an important consideration when it comes to data science salaries in the United States. While a bachelor’s degree in a related field such as computer science, statistics, or mathematics may be sufficient for entry-level roles, a master’s degree or PhD can significantly increase earning potential. Data scientists with a master’s degree can expect to earn an average salary of $117,000 per year, while those with a PhD can expect to earn an average salary of $142,000 per year.

In addition to base salaries, many data science roles also offer additional perks and benefits. These may include bonuses, stock options, and flexible work arrangements. Companies may also offer other perks such as health insurance, retirement plans, and paid time off.

Data science continues to be a high-paying and in-demand career path in the United States. Salaries for data scientists are expected to continue to rise in 2023, and can vary widely depending on factors such as location, industry, experience level, and education. With the right combination of skills and experience, data scientists can expect to earn a comfortable salary and enjoy a rewarding career in a growing industry.

Recommended Data Science Training

TITLE: Become a Data Scientist Nanodegree

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Description: You’ll master the skills necessary to become a successful Data Scientist. You’ll work on projects designed by industry experts, and learn to run data pipelines, design experiments, build recommendation systems, and deploy solutions to the cloud. It is recommended that students be familiar with machine learning concepts and Python programming, probability, and statistics.

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