<\/p>\n

Before you even start dreaming of high data science salary, <\/strong>you should ensure to have sound domain knowledge.<\/span> From the skills to understand business problems and select the most apt data science model to address them, to having an eye for the detail, and the ability to interpret the findings and arrive at the final result, you need to excel in many aspects. Apart from sound domain knowledge, you also need to have good communication skills to convey your findings in a lucid language to the wider audience.<\/p>\n

1.3- Programming and statistical skills<\/em><\/h4>\n

<\/p>\n

Apart<\/em> from being adept in programming languages like Python and R, you should also have sound knowledge of mathematics, statistics, and algorithms.<\/span> But just having these skills isn\u2019t enough. You should ideally apply your knowledge to solve real-world problems. This would need you to be not only strong with the basic concepts, but also have the ability to use the technology tools to your advantage to create great models.<\/p>\n

The key is to learn the basics right and then build on them by applying the acquired knowledge to practical problems while understanding and overcoming the practical difficulties that you\u2019ve to face.<\/p>\n

Now that you have a fair share of knowledge about what makes one a good data scientist, let\u2019s take a look at what probably interests you the most \u2013 high levels of data science salary. <\/strong>We\u2019ve considered three different regions across the world (the US, the UK, and India) to find where they stand with respect to data science salary. <\/strong>We\u2019ve used information from Glassdoor, PayScale, Indeed, and some additional resources for the purpose.<\/p>\n

1.3.1- The scenario in the US<\/em><\/strong><\/h5>\n

<\/p>\n

According<\/em> to Glassdoor, the average base pay for a data scientist in United States stands at $117,345, but PayScale puts the figure at $92,521. Glassdoor also reveals the additional cash compensation (that includes commission, cash bonus, tips, and profit sharing) to be $11,530 on an average, while the range of such compensation is between $3,933 and $26,784.<\/p>\n

In case you feel interested in knowing which companies occupy the top positions with respect to lucrative data science salary <\/strong>they pay to their data scientists, the following (the average base salary in USD) will give you an idea of what\u2019s like to work for the reputed companies:<\/p>\n

\n
• Facebook \u2013 pays $135,000 per year<\/span><\/li>\n
• Twitter – pays $134,061 per year<\/li>\n
• Apple – pays $130,000 per year<\/li>\n
• Airbnb – pays $130,000 per year<\/li>\n
• Google – pays $127,000 per year<\/li>\n
• Uber – pays $121,500 per year<\/li>\n
• Microsoft \u2013 pays $120,000 per year<\/li>\n
• Amazon – pays $119,979 per year<\/li>\n
• LinkedIn – pays $119,800 per year<\/li>\n
• Oracle – pays $110,000 per year<\/li>\n<\/ul>\n

  If you want to know more about the salaries for some related job titles, here\u2019s what you need to know (these are the average base pay that the following jobs offer):<\/p>\n

  \n
  • Senior Data Scientist: $137K per year<\/span><\/li>\n
  • Quantitative Analyst: $116K per year<\/li>\n
  • Data Analyst – $67K per year<\/li>\n<\/ul>\n

    1.3.2- The scenario in the UK<\/em><\/strong><\/h5>\n

    <\/p>\n

    The<\/em> average base pay for a data scientist in the United Kingdom stands at \u00a345,000 according to Glassdoor. PayScale puts the figure at \u00a340,547, while Indeed says it\u2019s \u00a362,143 per year in London, which is 12% above the national average. According to Adzuna, an average data scientist earns \u00a366,441 per year in London. Adzuna further adds that thus figure is 16.4% over the average national salary for data scientist jobs. When compared to the average salary across London, the average data science salary <\/strong>in London that a data scientist gets is 59.3% more.<\/p>\n

    Glassdoor didn\u2019t reveal anything about additional cash compensation but according to it, here are some companies that pay a lucrative data science salary <\/strong>to their data scientists (the figures below show the average base salary in GBP):<\/p>\n

    \n
    • Barclays \u2013 pays \u00a352,150 per year<\/span><\/li>\n
    • Capgemini – pays \u00a350,000 per year<\/li>\n
    • Dunnhumby – pays \u00a344,000 per year<\/li>\n<\/ul>\n

      According to PayScale, the top five companies for hiring data scientists are<\/p>\n

      \n
      • McKinsey & Company<\/li>\n
      • PwC<\/li>\n
      • Deliveroo<\/li>\n
      • Deloitte<\/li>\n
      • Bloomberg<\/li>\n<\/ul>\n

        According to Indeed, here\u2019s what the top companies pay in terms of data science salary <\/strong>to their data scientists:<\/p>\n

        \n
        • Braintree Limited \u2013 pays \u00a399,517 per year<\/li>\n
        • OHO Group\u2013 pays \u00a368,445 per year<\/li>\n
        • Harnham \u2013 pays \u00a365,355 per year<\/li>\n
        • Kortx Ltd – pays \u00a3120,000 per year<\/li>\n
        • Client Server – pays \u00a362,555 per year<\/li>\n
        • X4 Group – pays \u00a370,356 per year<\/li>\n
        • Networking People (UK) Limited – pays \u00a372,565 per year<\/li>\n<\/ul>\n

          If you want to know more about the salaries for some related job titles, here\u2019s what you need to know (these are the average base pay that the following jobs offer):<\/p>\n

          \n
          • Data Analyst: \u00a330K per year<\/li>\n
          • Quantitative Analyst – \u00a365K per year<\/li>\n<\/ul>\n

            1.3.3- The scenario in India<\/em><\/strong><\/h5>\n

            <\/p>\n

            The<\/em> average base pay for a data scientist in India stands at \u20b9650,000 according to Glassdoor. PayScale puts the average data science salary<\/strong> (for a data scientist, IT) at \u20b9634,645, while Indeed says it\u2019s \u20b9708,076 per year.<\/p>\n

            Glassdoor didn\u2019t reveal anything about additional cash compensation but it lists a handful of companies that pay a lucrative data science salary <\/strong>to their data scientists (the figures below show the average base salary in INR):<\/p>\n

            \n
            • Mu Sigma \u2013 pays \u20b9497,500 per year<\/li>\n
            • Tata Consultancy Services \u2013 pays \u20b9757,500 per year<\/li>\n
            • IBM \u2013 pays \u20b91,350,000 per year<\/li>\n<\/ul>\n

              According to Indeed, here\u2019s what the top companies pay in terms of data science salary <\/strong>to their data scientists:<\/p>\n

              \n
              • Future Focus Infotech\u2013 pays \u20b914,63,789 per year<\/li>\n
              • 2COMS Consulting Pvt. Ltd \u2013 pays \u20b913,50,526 per year<\/li>\n
              • Crescendo Global \u2013 pays \u20b912,71,853 per year<\/li>\n
              • Okda Solutions \u2013 pays \u20b914,32,256 per year<\/li>\n<\/ul>\n

                In case you\u2019re interested in knowing more about the salaries offered by some related job titles, here\u2019s a glimpse for you to ponder upon (these are the average base pay that the following jobs offer, as per Glassdoor):<\/p>\n

                \n
                • Data Analyst: \u20b9405K per year<\/li>\n
                • Quantitative Analyst – \u20b9708K per year<\/li>\n<\/ul>\n

                  Final thoughts<\/em><\/strong><\/h3>\n

                  <\/p>\n

                  Perhaps<\/em> you now have a better idea about the data science salary <\/strong>structure that\u2019s prevalent in companies across the world. You should remember that apart from your qualifications and experience, how much value you bring to the company too would play a big role in the level of data science salary <\/strong>you\u2019re offered. <\/span><\/p>\n

                  So, step into this field if its elements really interest you and not just because you\u2019re chasing a fat pay packet. As we\u2019ve said before, a high level of data science salary<\/strong> alone won\u2019t take you a long way ahead unless you\u2019re driven from the inside by pure love and interest in the field.<\/p>\n