Data Scientist Salary in United States during 2024

Salary details

The average Data Scientist salary lies between USD 116,377 and USD 200,000 in the United States. It represents the overall compensation/gross salary amount for the working year (before deductions like social security, taxes and other contributions), not including equity/stock options or similar benefits.

Region represents the primary country of residence of an employee during the year (or residence for tax purposes). All data shown are full-time equivalent (FTE) salaries. Part-time salary information has been extrapolated to its FTE value.

Last updated: Nov. 10, 2024

Salary trend

Top 20 Job Tags for Data Scientist roles

The three most common job tag items assiciated with Data Scientist job listings are Python, Machine Learning and Statistics. Below you find a list of the 20 most occuring job tags in 2024 and the number of open jobs that where associated with them during that period:

Python | 11893 jobs Machine Learning | 10671 jobs Statistics | 10100 jobs SQL | 8843 jobs Engineering | 8389 jobs Computer Science | 6774 jobs R | 6412 jobs Mathematics | 6088 jobs Research | 5637 jobs ML models | 4261 jobs Data analysis | 4239 jobs Testing | 3595 jobs AWS | 3552 jobs Deep Learning | 3017 jobs Pipelines | 2844 jobs Spark | 2835 jobs Data visualization | 2773 jobs NLP | 2755 jobs PhD | 2634 jobs Big Data | 2582 jobs

Top 20 Job Perks/Benefits for Data Scientist roles

The three most common job benefits and perks assiciated with Data Scientist job listings are Career development, Health care and Equity / stock options. Below you find a list of the 20 most occuring job perks or benefits in 2024 and the number of open jobs that where offering them during that period:

Career development | 10138 jobs Health care | 5322 jobs Equity / stock options | 3772 jobs Flex hours | 3447 jobs Startup environment | 3004 jobs Competitive pay | 2891 jobs Salary bonus | 2717 jobs Insurance | 2549 jobs Team events | 2237 jobs Medical leave | 2206 jobs Parental leave | 2181 jobs Flex vacation | 2111 jobs Wellness | 1465 jobs 401(k) matching | 1319 jobs Conferences | 640 jobs Flexible spending account | 523 jobs Fitness / gym | 490 jobs Unlimited paid time off | 478 jobs Relocation support | 454 jobs Home office stipend | 436 jobs

Salary Composition for Data Scientists

In the United States, the salary composition for a Data Scientist typically includes a base salary, bonuses, and additional remuneration such as stock options or equity, especially in tech companies. The base salary is the fixed component and usually constitutes the majority of the total compensation package. Bonuses can vary significantly depending on the company’s performance, individual performance, and industry standards. For instance, tech companies and financial institutions often offer substantial bonuses compared to other sectors. Additional remuneration, like stock options, is more common in larger tech firms or startups, where equity can be a significant part of the compensation package. Regional differences also play a role; for example, salaries in tech hubs like San Francisco or New York City tend to be higher due to the cost of living and competitive job market.

Steps to Increase Salary

To increase your salary beyond the median of USD 160,000, consider the following strategies:

• Specialize in High-Demand Areas: Focus on niche areas within AI/ML, such as deep learning, natural language processing, or computer vision, which are in high demand and can command higher salaries.
• Pursue Leadership Roles: Transitioning into a managerial or lead data scientist role can significantly increase your earning potential.
• Continuous Learning and Upskilling: Stay updated with the latest technologies and methodologies in data science. Advanced skills in cloud computing, big data technologies, or AI ethics can make you more valuable.
• Networking and Professional Visibility: Attend industry conferences, contribute to open-source projects, or publish research to increase your visibility and attract higher-paying opportunities.

Educational Requirements

Most data scientist positions require at least a bachelor’s degree in a related field such as computer science, statistics, mathematics, or engineering. However, a master’s degree or Ph.D. is often preferred, especially for roles involving complex data analysis or research. Advanced degrees can provide a deeper understanding of machine learning algorithms, statistical methods, and data modeling, which are crucial for high-level data science roles.

Helpful Certifications

While not always mandatory, certifications can enhance your credentials and demonstrate expertise in specific areas. Some valuable certifications include:

• Certified Data Scientist (CDS)
• Microsoft Certified: Azure Data Scientist Associate
• Google Professional Data Engineer
• AWS Certified Machine Learning – Specialty

These certifications can validate your skills in data analysis, machine learning, and cloud-based data solutions, making you a more competitive candidate.

Experience Requirements

Typically, data scientist roles require at least 2-5 years of experience in data analysis, machine learning, or a related field. Experience with programming languages like Python or R, data visualization tools, and machine learning frameworks is essential. For senior roles, more extensive experience, including project management and team leadership, is often required.

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