Unicorn Data Scientists (upgraded from “sexy data scientists”) are hard to find and are paid more than $200,000 per year. A new survey finds that the rising data science tide lifts the compensation of all other data analytics professionals , even if they don’t know how to code.
The Burtch Works Study: Salaries for Predictive Analytics Professionals is based on interviews with 1,757 data analytics professionals conducted over the 12 months ending April 2015 by executive recruiting firm Burtch Works. It is a unique source of information in that it does not rely on self-reporting or data provided by human resources departments. It also provides insights into how the demand for data scientists impact the salaries of other data analytics professionals because it excludes data scientists, covered in a separate Burtch Works study, published earlier this year (I wrote about that study here).
Burtch Works defines predictive analytics professionals as those who can “apply sophisticated quantitative skills to data describing transactions, interactions, or other behaviors of people to derive insights and prescribe actions.” Data scientists are a subset of this group—they have the “computer science skills necessary to acquire and clean or transform unstructured or continuously streaming data, regardless of its format, size, or source.”
The additional computer science skills put data scientists on top in terms of compensation regardless of their levels of experience and managerial responsibilities but predictive analytics professionals are keeping up, seeing their salaries and bonuses rise. For example, the median base salary for the most experienced individual contributors rose from $115,250 last year to $125,000 this year and for managers managing teams of ten or more the median base salary rose from $225,000 to $235,000.
Base salaries for managers
Base salaries for individual contributors
http://www.forbes.com/sites/gilpress/2015/10/09/the-hunt-for-unicorn-data-scientists-lifts-salaries-for-all-data-analytics-professionals/
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