The just-published 5th-annual Burtch Works Study: Salaries of Data Scientists provides fresh insights into the compensation trends for those holding the sexiest job of the 21st century: Similar to last year’s figures, the median base salaries of data scientists have remained relatively steady. After rising rapidly in 2015 and 2016, median base salaries at all job levels changed by a single-digit percentage point or not at all from March 2017 to March 2018.
The median base salaries range from $95,000 at level 1 (0-3 years of experience) to $165,000 at level 3 (9+ years) for individual contributors and from $145,000 at level 1 (1-3 reports) to $250,000 at level 3 (10+ reports) for managers. If you are a data scientist, you don’t need to become a manger to earn a high salary. Becoming a subject matter expert can be a separate career track that doesn’t have to lead to people management.
Author: Gil Press