Data scientist salary is one of the most important factors in determining whether to join a company. Data scientists are highly sought after and have a high demand in the job market. Many companies are willing to pay top dollar for data science talent,
but how much does a data scientist really make? The answer depends on many factors: location, role, industry and more. We’ve compiled all of this information into one easy-to-read article for you.
Data scientist salary range
Data scientists are in high demand. The data scientist salary range is $120,000 to $200,000. Data scientists with a strong technical background can expect to make at least $180,000 per year. Companies that can afford it pay up to $250,000 for their top data scientists.
Here are some average figures:
- $115k – $175k
- $125k – 190k
Data scientist salary by role
Data scientist salary by role
Data scientist salaries vary depending on the role. Here are some examples of data scientist salaries by role:
- Data Scientist (Entry Level): $55,000 – $120,000
- Data Scientist (Mid Level): $100,000 – $200,000
- Data Scientist (Senior/Leadership): $130,000 – $250,000
How much does it cost to hire a data scientist?
The cost to hire a data scientist is dependent on their experience, skills and the location of the job. Data scientists with experience in machine learning can earn between $160,000 and $187,000 per year. Data scientists in Facebook are paid an annual salary of $160k to $187k. A more experienced data scientist can charge higher fees for his/her services than someone just starting out or someone who has been working at it for less than 5 years.
Location and industry
A data scientist’s salary will vary by location and industry. In the U.S., for example, the average annual salary for a data scientist is $120,000; however, this number can increase significantly if you work in Silicon Valley or another tech hub.
In Europe and Asia as well, salaries tend to be lower than in America because of less demand for skilled workers and a smaller talent pool from which companies can draw upon when hiring new employees.
How much does a Facebook data scientist make?
You might be wondering how much a Facebook data scientist makes. The average salary for a Facebook data scientist is $145,000, with a range of $111,000 to $213,000. This means that half of the people in this role make more than $145k and half make less than that amount.
Averages can be deceiving because there are often many outliers who skew the average high or low. The median is another useful measure of central tendency in statistics—it indicates where most people fall on the scale within your sample group when you’re looking at salaries or any other set of numbers that can be sorted into order (like ages or weights).
In other words, it’s like an average except instead of adding up all the salaries and dividing by how many employees there are in your company (or industry), you take all salaries above some number and then divide them by two (or whatever factor) until you get down to “the middle” employee’s salary—the one right between everyone else who earns more than him/her but fewer than those who earn less than him/her.”
Conclusion
This gives you a good idea of what to expect for a data scientist salary and how much it varies by location, industry and role. It’s also important to remember that these figures are just averages and that there are plenty of factors that can impact your pay, including education level, years of experience in your field, certifications earned and potential bonuses offered by your employer.