Big Data is arguably the hottest topic of the year. The people who drive this revolution -Data Scientists. Data scientists mine through mass amounts of data and find the connections that can then be translated into valuable information that would otherwise be very difficult to detect. For those who are smart enough to be a data scientist, it is quite the lucrative business.
The average salary for a data scientists is $118,000 a year. It doesn’t matter if you are a kid straight out of college of a distinguished individual, with a salary like that you are sitting pretty. Now, mining through data isn’t for the faint of heart. Finding meaningful relationships in a mound of data can be like finding a needle in a hay stack and can sometimes take a long time to uncover anything relevant. With that being said, those who have the training and the patience to succeed in this profession have the opportunity to work for some pretty fun companies.
Google has been rated one of the best places to work and they love their data scientists. Google prides themselves on knowing their users and being able to accurately market to individuals, which takes data and a lot of it. According to Glassdoor, Google pays their data scientists anywhere from $137,626 to $149,292 a year. With this type of salary on top of being able to work at one of the most well liked companies, I would say being a Data Scientist at Google would be a pretty great gig.
Facebook is arguably the biggest social media site on the internet today. The amount of data Facebook collects from its users is colossal, which means they rely heavily on Data Scientists. Have you ever wondered why the advertisements surrounding your Facebook page are eerily accurate to your interests and desires. From volleyball gear to engagement rings, Facebook advertisements always had me pinned. This is because the Data Scientists at Facebook take the information they gather from uses and sell it to companies, allowing them to more accurately market to unique demographics. Facebook pays their Data Scientists between $135,098 and $178,789 a year. Again, not too shabby.
IBM is the world’s largest information technology company and its products include hardware, multiple types of software, storage products, and customized microchips. Similar to Big Data itself, IBM has infiltrated almost any industry you can think of. IBM uses the best Data Scientists to partner with these different industries to make change happen and help lead those industries to better efficiency. IBM compensates its Data Scientists with a salary ranging from $108, 984 to $112,984. Sounds like a great position, being paid well, while also getting to work on some of the most innovative and new technology the world has ever seen!
These are just a few of the popular companies that utilize the brains of Data Scientist to make a difference in the world. Data Scientists are slowly improving many of the largest industries from oil and gas to healthcare and these changes will surely effect us all.
Let us know what you think about Data Scientists, are they paid too much, too little, or just right?
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