Data Team Lead Salary in 2024

Salary details

The average Data Team Lead salary lies between USD 97,500 and USD 160,500 globally. 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.

All data shown are full-time equivalent (FTE) salaries. Part-time salary information has been extrapolated to its FTE value.

Last updated: Nov. 17, 2024

Top 20 Job Tags for Data Team Lead roles

The three most common job tag items assiciated with Data Team Lead job listings are Data management, Research and SQL. 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:

Data management | 49 jobs Research | 38 jobs SQL | 33 jobs Engineering | 30 jobs Excel | 24 jobs DataOps | 23 jobs Computer Science | 18 jobs Data quality | 18 jobs Data Analytics | 15 jobs KPIs | 15 jobs Tableau | 14 jobs Business Intelligence | 14 jobs Python | 13 jobs Power BI | 13 jobs Data analysis | 13 jobs Spark | 12 jobs AWS | 12 jobs Finance | 11 jobs Privacy | 11 jobs Machine Learning | 10 jobs

Top 20 Job Perks/Benefits for Data Team Lead roles

The three most common job benefits and perks assiciated with Data Team Lead job listings are Career development, Health care and Startup environment. 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 | 70 jobs Health care | 28 jobs Startup environment | 22 jobs Flex hours | 15 jobs Conferences | 15 jobs Team events | 14 jobs Competitive pay | 10 jobs Fitness / gym | 7 jobs Insurance | 6 jobs Salary bonus | 6 jobs Home office stipend | 6 jobs Wellness | 5 jobs Gear | 5 jobs Transparency | 5 jobs Equity / stock options | 4 jobs Parental leave | 4 jobs Flex vacation | 3 jobs Medical leave | 3 jobs Relocation support | 2 jobs 401(k) matching | 1 jobs

Salary Composition

The salary for a Data Team Lead in AI/ML/Data Science typically comprises a fixed base salary, performance bonuses, and additional remuneration such as stock options or benefits. The fixed base salary often constitutes the majority of the total compensation package, usually around 70-80%. Performance bonuses can vary significantly depending on the company and industry, ranging from 10-20% of the total salary. Additional remuneration, such as stock options, profit-sharing, or other benefits, can make up the remaining 5-10%.

Regional differences also play a significant role. For instance, salaries in tech hubs like Silicon Valley or New York City tend to be higher due to the cost of living and competitive job market. Industry-wise, tech companies and financial institutions often offer higher compensation packages compared to academia or non-profit organizations. Larger companies may provide more comprehensive benefits and stock options, while smaller startups might offer higher equity stakes in lieu of a higher base salary.

Increasing Salary

To increase your salary further from the position of a Data Team Lead, consider the following strategies:

• Skill Enhancement: Continuously update your skills in emerging technologies and methodologies in AI/ML. Specializing in niche areas like deep learning, natural language processing, or AI ethics can make you more valuable.

• Leadership Development: Enhance your leadership and management skills. Taking on more responsibilities, leading larger teams, or managing cross-functional projects can position you for higher roles.

• Networking: Build a strong professional network. Engaging with industry peers, attending conferences, and participating in relevant forums can open up new opportunities.

• Advanced Education: Pursuing further education, such as an MBA or a specialized master's degree, can provide a competitive edge and open doors to higher-level positions.

• Negotiation: Don’t hesitate to negotiate your salary during performance reviews or when taking on new roles. Research industry standards and be prepared to justify your value to the organization.

Educational Requirements

Most Data Team Lead positions require at least a bachelor's degree in a relevant field such as Computer Science, Data Science, Statistics, or Mathematics. However, a master's degree or Ph.D. is often preferred, especially for roles in research-intensive industries or companies. Advanced degrees provide a deeper understanding of complex algorithms, data structures, and statistical methods, which are crucial for leading data-driven projects.

Helpful Certifications

While not always mandatory, certain certifications can enhance your credibility and demonstrate your expertise:

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

These certifications can validate your skills in specific tools and platforms, making you more attractive to potential employers.

Required Experience

Typically, a Data Team Lead is expected to have 5-10 years of experience in data science or related fields. This experience should include hands-on work with data analysis, machine learning models, and data engineering. Leadership experience, such as managing a team or leading projects, is also crucial. Employers look for candidates who have demonstrated the ability to drive data initiatives and deliver business value through data insights.

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