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.
Related Posts
Hindsight Is 2023 for Former Statistics and Data Science Students
It’s back-to-school season! Gear up for the upcoming semester and consider diving into the captivating world of statistics and data science. Looking for diverse job opportunities that span across every industry? Look no further! With a variety of graduate programs and jobs, now is a great time for students to become data scientists and statisticians….
Elizabeth J. Kelly: “Statistics is for Adrenaline Junkies”
Elizabeth J. Kelly has always loved math, and as a professional statistician at Los Alamos National Laboratory (LANL) and a recreational rock climber, Elizabeth is an avid thrill-seeker who enjoys a challenge. “Math reminds me of climbing, including the need to focus, problem solve and persevere. I guess I ended up in statistics because I…