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Study: Salaries for early career data scientists decrease for first time

Salaries for early career data scientists decreased year over year for the first time in four years as did the percentage of early career data scientists with a Ph.D. while demand for data scientists continued to increase, according to a recently released Burtch Works’ 2017 salary study of data scientists. Salaries for more experienced data scientists generally held steady or increased slightly depending on an individual’s focus area, responsibility and geographic base, according to the report.

The study includes data on salaries and bonuses by industry, region, education, residency status and gender, as well as the data science hiring market trends and predictions for the future.

The study sample included more than 400 U.S.-based data scientists. Burtch Works defines “data scientist” as a “specific type of predictive analytics professional who applies sophisticated quantitative and computer science skills to both structure and analyze massive stores or continuous streams of unstructured data, with the intent to derive insights and prescribe action.”

Burtch Works Executive Recruiting is a resource for quantitative talent, job opportunities and information about hiring and compensation trends in the industry. To download the free, complete report click here.

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