Data Scientists
Overview
Introduction
Data scientists use scientific principles to study large amounts of data. They use algorithms and machine learning to extract valuable intelligence from data to help business executives make better decisions, reach more customers, or provide better services. Data scientists are also employed by nonprofit organizations and government agencies. They may also be known as analytics scientists. Mathematicians and statisticians often perform many of the same duties as data scientists, and, in some circles, they are also considere...
Quick Facts
Median Salary
Employment Prospects
Minimum Education Level
Experience
Skills
Personality Traits
Earnings
Data scientists earned salaries that ranged from $61,070 or less to $184,090 or more in May 2023, according to the U.S. Department of Labor. The median annual wage was $108,020. Those who worked for scientific research and development services earned about $126,430 per year, while those employed in management, scientific, and technical consulting companies averaged $103,00 per year.
Data...
Work Environment
The career of data scientist might seem like a solitary job (with data scientists spending hours at the computer developing data analysis tools and analyzing data). But while a typical day in the life of a data scientist certainly involves some solitary computer time, it also necessitates a significant degree of collaboration with other data science professionals at meetings and on the telephon...
Outlook
Employment of computer and information research scientists (a category that includes data scientists) is expected to grow by 36 percent through 2033, according to the Occupational Outlook Handbook (OOH), or much faster than the average for all careers. Approximately 73,100 new jobs will be added to the data scientists field by 2033. The U.S. Department of Labor reports that rapid growt...