CNBC Special Report Calls Careers in Data Science “Next Big Thing”
July 28, 2014
More parents may find themselves encouraging their children to become data scientists in the same way they’ve long encouraged them to become doctors, lawyers or bankers, says a new article by CNBC.
Why? Because statisticians are in strong demand and their salaries are high. Here’s an excerpt from the report about earnings of statisticians:
According to Burtch Works’ 2014 study of salaries for data scientists – typically those with university degrees in a quantitative field of study that are comfortable with programming languages and statistical methods – the median salary for employees not working as part of a team was $80,000 for those with 0-3 years’ experience and $150,000 for those with 9 or more years’ experience.
At the managerial level the median salaries were higher, with those responsible for a team of 1-3 earning $140,000 and those responsible for a team of 10 or more earning $232,500.
By contrast, the mean average annual income for a lawyer in America was $131,990 in 2013, while doctors earned $183,940, according to data from the U.S. Bureau of Labor Statistics.
That’s pretty impressive. But it’s far from the only reason to pursue a career in statistics. There are three other big reasons—to make a difference, have fun, and satisfy curiosity.
This is Statistics is proud to announce the winner of our 2017 #StatsGrad contest. Congratulations to Edie Espejo at UC Davis on her winning entry, and her BS in Statistics. Her entry featured statistical play on America’s Next Top Model posing with her fellow graduates as “America’s Next Top Liner Model”. Check out the winning entry…
Nick Thieme is an AAAS Mass Media Fellow with the sponsorship of the American Statistical Association, working at Slate Magazine over the coming months. Through this series, he will give us a glimpse behind the scenes of his journey as a statistician and data journalist. It was a busy time of year at Carnegie Mellon University,…