Data Scientist – A lucrative Career with great Salaries

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The demand for data experts is expected to grow by at least 19 percent in 2026.

Burning Glass

The year 2020 was been quite a peculiar anomaly for whatsoever was taking place worldwide. The COVID-19 pandemic specifically has opened the doors to work more smartly by adopting the latest and advanced technology. Even in the current year 2022, the unusual circumstances are still continuing. But the best thing is data science is continuing to grow more in each and every industrial sector.

In this article, let’s understand how much salary a big data scientist makes in the year 2022.

According to Glassdoor, a data scientist earns an average salary of USD 113,396 in the United States as of March 2022. The demand for data scientists is quite high and is expected to grow by 31 percent, according to US Bureau of Labor Statistics (BLS).

This job role will remain a high demand job from 2019 to 2029. It is much quicker than the average growth rate for all jobs, which is at 3.7 percent.

The huge demand for data science professionals is closely linked to the rise of big data and its increasing importance to businesses and other industries. People who have done a big data scientist certification will have more chances to be a part of this rapidly growing discipline.

Growth of data science

Data science is an emerging field. It is also among the rapidly growing industry, which offers exciting opportunities for many individuals. The high demand for data scientists makes this field lucrative. The salaries that one can get in the data science industry are also very high.

The field of data science has comprehended several advanced concepts like the internet, artificial intelligence, machine learning, and many more. Many industries are looking for talented data scientists, as their role is important because they allow businesses and organizations to manage large chunks of data.

Cities that pay the highest salaries for big data scientist in the USA

Apart from experience, another crucial aspect that plays an key role in determining the salary of a Data Scientist is where they are based i.e., the location affects highly.

According to Indeed, the average Data Scientist salary in US is approximately USD 70,684 per year and these salaries are also depends on multiple factors like experience, industries, location, company, skill.

Following are the cities and the average salaries per annum one can earn in the USA.

City and StateAverage salaries per year in USD
San Francisco, California$132,247
Plano, Texas$104,583
Minneapolis, Minnesota$104, 527
New York, New York$99,951
Los Angeles, California$96,718
Austin, Texas$88,998
Chicago, Illinois$85,822
Atlanta, Georgia$79, 513

Data Scientist salary in the US by experience

Experience is very essential factor when it comes to salary in every field out there in the world. If one is just beginning their career as a big data scientist, at the entry level they can expect around USD 66,994. A midcareer with 3-5 years of experience would take around USD 74,860. An experienced with 10+ years of experience would be around USD 83,673.

Data Scientist salary in US by companies

Since big data scientist is becoming part of each growing industry, there has been a massive potential in earning but salary differs from one firm to other. So, here’s the list of top-most firms with better incomes for them in US. The average salaries in US by top companies are:

  1. Target — USD  132,579 / year
  2. Facebook — USD  130,137 / year
  3. Pacific Gas and Electric Company — USD 129,648 / year
  4. Citizens — USD 121,328 / year
  5. Move Inc — USD  116,665 / year
  6. USAA — USD 111,217 / year

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