It is becoming progressively harder for businesses to hire enough data scientists to assess large databases and derive useful conclusions. IBM predicts a 28% increase in the need for data scientists by 2023, making the field one of the brightest in terms of job prospects. The US Bureau of Labor Statistics predicts a 22 per cent increase in data-scientist salary between now and 2030.
The data scientist’s salary is increasing as a result of the growing demand for personnel. Data scientists may expect to earn an average annual salary of $112,359, as more and more businesses aim to offer jobs for data scientists. As the pool of potential candidates expands, it is likely that more of the market’s needs will be fulfilled. This could potentially result in a stabilization or plateau in pay.
The Job of a Data Scientist
Skilled data scientists who can mine massive databases for actionable insights are in high demand across all industries. Data scientists are expected to give a more strategic perspective on an organization’s data than data analysts, who are often entrusted with addressing smaller, more “tactical” data-related issues.
Skills That Amplify Data Scientist’s Salary
Demand for data scientists is predicted to increase as more businesses adopt data-driven operational strategies. However, to keep up with the market, data scientists will need to acquire new expertise in areas such as deep learning and natural language processing. The experience of working with a variety of programming languages and frameworks, including Python packages such as Scikit-Learn, TensorFlow, and PyTorch, can even help you acquire the senior data scientist salary.
Skills
Skills in areas such as data visualization, predictive modeling, machine learning, and Cloud computing, such as Amazon Web Services (AWS) and Google Cloud Platform (GCP), are also valuable. When looking for a data scientist position or attempting to negotiate a better wage, having a degree in data engineering and cloud services like AWS from a recognized firm won’t hurt. Boot camps and online training from companies like Google, IBM, and Microsoft are available to beginners.
Skills related to subjects such as data visualization, predictive modeling, machine learning, and Cloud computing, such as Amazon Web Services (AWS) and Google Cloud Platform (GCP), are also relevant. When looking for a data scientist job or trying to negotiate a better salary, having a data scientist certificate from a recognized platform such as USDSI™ always gives you a leveled foot.
Opening Salary Negotiations with Additional Skills
Data scientists work at the crossroads of technical and non-technical audiences, making fluency in both languages a necessity. If you can convince the hiring manager that you are capable of leading your team (and others involved) through challenging circumstances and complex projects, your chances of being hired surge.
Machine learning, statistics, computer programming, stochastic processes, and graph theory are among the top skill sets for data scientists today. The portfolio of a data scientist is undoubtedly strengthened by further education, with a focus on a Master’s or Ph.D. in the mathematical sciences.
In general, attending technical conferences and organizations is a good idea, as is innovating by making noteworthy and valuable contributions to the data science community via publications, intellectual property (such as patents), or technical reports.
Which Is the Best Certification to Acquire the Latest Data Science Skills?
Do you want to gain the skills required for an upgraded data scientist salary? Thankfully, a perfect certification program is available for acquiring the necessary skillsets and strategies, from elementary algebra to machine learning.
The Certified Senior Data Scientist (CSDS™) certification by USDSI® is unquestionably the perfect certification to be eligible for a senior data science salary because of its highly updated curriculum, which addresses current trends, and creates a future-ready Senior Data Scientist. Some studies by USDSI® suggest a senior data scientist is paid anywhere from US $150K to US $250K per year. With CSDS™ accreditation under your belt, the probability of being paid 40% more improves massively.
If you enroll in this data scientist certification program, you get a free self-study package with the newest version of your program, valued at up to $725. It includes the following:
- Customized Textbooks
- State-of-the-art lab-based eLearning with example projects and code
- Real-world workshop-based eLearning
- HD quality self-paced videos, reviewed by the world’s finest SMEs
- Sharable digital badge
The best part? Your career in data science will be accelerated with only 8–10 hours of weekly effort when you pursue the Certified Senior Data Scientist (CSDS™) certification program by USDSI®.
Final Words
Employers seek professionals with the knowledge and expertise to resolve complex problems and deliver meaningful insights. Data scientists must understand the fundamentals of data science, utilize analytical tools, and leverage advanced technologies to derive strategic solutions. Having a strong portfolio of past projects and the ability to communicate your findings to senior management are some of the additional factors that can help you stand out and maximize your earning potential. Beginning right with the most sought-after data science credentials is the best move for a flourishing data scientist’s career!
