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Data Scientist Jobs for Graduates With a Masterís Degree

by Ruby Singh - 21 May 2022, Saturday 143 Views Like (0)
Data Scientist Jobs for Graduates With a Masterís Degree

Working with data and systems, handling massive amounts of data entering an organization, and turning data into words and data visualizations that others can understand are some of today's most gratifying technical and management positions.

Over the last five years, the number of data engineers has increased to half that of data scientists. Over those five years, the number of data scientists more than doubled, while the number of data engineers quadrupled.

According to the US Bureau of Labor Statistics, employment in business and finance is expected to expand by 8% by 2030, creating around 750,800 new positions (BLS). As businesses and organizations grow, so will the demand for data science Jobs, data analysts, and data strategy managers who can organize and analyze data to assist firms in making critical decisions.

Here are five of the best jobs you can get with a Master of Data ScienceÖ?

A bachelor's degree or a data science certificate is required for some data science jobs. A graduate-level degree, on the other hand, makes an application much more competitive.

If you're wondering how to acquire a career in data science and how much a master's in data science salary can be, you have a lot of alternatives after graduation.

Here are just a few to consider:

Data Scientists and Mathematical Science Occupations: $100,000 or more.

According to a May 2020 BLS report, data scientists and similar occupations earn an average of $103,930 per year. You could potentially make more depending on the industry. According to the BLS, persons employed in scientific research and development services earn an average of $109,610 per year. The average pay in computer systems design and related industries is $111,490.

Computer and Information Research Scientists: $127,000.

According to the BLS, computer and information research professionals with a computer science or related degree earned a median masters in data science salary of $126,830 per year in 2020. Jobs in these disciplines are predicted to grow by 22% by 2030, far faster than the national average, which is good news if you're seeking a data science job right now.

Operations Research Analysts: $86,000.

According to the Bureau of Labor Statistics, operations research analysts earned a median salary of $86,200 in 2020. Because this profession is so complicated, many organizations prefer to hire applicants with master's degrees in management, operations research, analytics, computer science, or another technical or quantitative discipline. Through a graduate school in data science, you may become a competitive applicant and position yourself for successóand a master's-level wage in data science.

Market Research Analysts: $66,000.

If you're looking for a way to break into the data science field, market research is a good place to start. According to a BLS analysis, market research analysts earned median pay of $65,810 per year in 2020. According to the BLS, certain corporations and organizations may hire market research analysts with only a bachelor's degree, although some positions may require a master's degree. A graduate degree could provide you the competitive advantage you need in this competitive and difficult sector, as well as help you earn a master's in data science income.

Financial managers, analysts, and risk managers: $84,000.

Finance executives are now carrying out everything from corporate strategy to risk management, according to the BLS, if you're seeking a job in data science and machine learning that allows you to accomplish a number of jobs. Bachelor's degrees are often required for entry-level financial analyst roles, but a graduate degree in data science or a related discipline will demonstrate your skills to potential employers. According to the Bureau of Labor Statistics, financial analysts earned median pay of $83,660 in 2020.


A master's degree in data science can help you stand out as a candidate for these jobs, progress your career, and potentially earn more money. Completing a data science master's degree program demonstrates to potential employers that you have not only invested in your education but are also an expert in the subject.

Master's level training in business intelligence, data mining, and predictive modeling can help you lay the groundwork for gathering, analyzing, and interpreting data, as well as advising organizations based on your findings. You'll be well on your way to figuring out how to get a career in data science because you'll be well-versed in so many aspects of data science. Your salary is affected by your amount of experience, geographic region, and employer. A graduate degree, on the other hand, can demonstrate to potential employers that you are dedicated to the profession, can manage various duties, and can perform critical work, among other things.

Conclusion

There are two things that all of these data science careers have in common: data and a Master of Data Science. A Master of Data Science degree will prepare you for any of these positions. As technology advances, you can use this qualification to push the boundaries of data science and design your own professional screenplay. ????????