The Burtch Works Study - Data Science & Analytics ... · The Burtch Works Study Salaries of Data...

The Burtch Works StudySalaries of Data ScientistsMay 2018

@BurtchWorks #BWstudy

Use of data science

continues to spread

to new areas

Despite influx of professionals into

data science, more experienced

talent continues to be scarce

Traditional analytics

and data science

continue to blend

5th Annual Study

Compensation & demographic data

399 data scientists

Base salaries & bonuses

Job category

Industry & region

Residency status

Education & gender

TodayDefining & identifying data scientists

Demographic profile

Salary changes & trends

Other noteworthy findings

Predictions for data science’s future

Live Q&A

Defining & Identifying Data Scientists

Data Science vs. Predictive Analytics

Predictive Analytics Professionals

Analyze data to glean insights

and prescribe action

Quantitative skills

Structured data

Data Scientists

Analyze data to glean insights

and prescribe action

Quantitative skills

Unstructured, streaming data

Computer science/coding

© 2018 Burtch Works LLC

Most Data Scientists have advanced degreesMaster’s or Ph.D. in

Mathematics or Statistics

Computer Science

Engineering

Operations Research

Economics

Data Science

May have experience in non-traditional programs

Bootcamps

MOOCs

Data Scientists use a variety of tools

Python

Scala

Hive

Pig

Hadoop

Spark

TensorFlow

AWS

D3.js

R

SQL

Java

Data Scientists don’t includeSoftware Developers

Predictive Modelers

Data Engineers

Traditional MBA’s

Business Intelligence

Information Technology

Profiles matched to job categories

Individual Contributors

Level 1: 1-3 years of experience

early career professional

Level 2: 4-8 years

hands on, more advanced

Level 3: 9+ years

analytics subject matter expert

Managers

Level 1: 1-3 direct reports

tactical manager

Level 2: 4-9 direct reports

leads a function

Level 3: 10+ direct reports

executive leader, sets strategy

© 2018 Burtch Works LLC

Demographic Profile

The data science field is young

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

50%

0-5 6-10 11-15 16-20 21-25 26+

Years of Experience

Data © 2018 Burtch Works LLC

Median: 6.0 years

Mean: 7.8 years

Data Scientists are highly educated

Ph.D.

48%

Bachelor's

9%

Master's

43%


0%

10%

20%

30%

40%

50%

60%

70%

Bachelor's Master's Ph.D.

Da

ta S

cie

ntist

s

Pre

dic

tiv

e A

na

lytic

s P

ros

Among Data Scientists, a higher prevalence of PhD’s


0% 5% 10% 15% 20% 25% 30%

Economics

Social Science

Business

Engineering

Natural Science

Computer Science

Math/Statistics

Most study Math/Statistics, Computer Science, Natural Science


Many Data Scientists are foreign born

U.S. Citizen

62%

Other

1%

F-1/OPT

5%

H-1B

13%

Perm.

Resident

19%


Nearly half of early-career Data Scientists foreign born

0% 20% 40% 60% 80% 100%

IC-1

IC-2

IC-3

U.S. Citizen H-1B F-1/OPT

Perm. Res. Other


40%

10%

16%

8%

26%

West

Coast

Mountain

MidwestNortheast

Southeast

Most Data Scientists are on the coasts


Tech still employs the largest number of Data Scientists

0% 10% 20% 30% 40% 50%

Gaming

Government

Academia

Retail & CPG

Healthcare/Pharma

Consulting

Marketing Services

Corporate-Other

Financial Services

Technology


15% of Data Scientists

are women


10% of DS executive

leaders are women

22% of early-career DS

are women


Compensation of Data Scientists

Data Scientist salaries are leveling off

Individual Contributors

$0 $50,000 $100,000 $150,000 $200,000 $250,000

IC-1

IC-2

IC-32018

2017

+5%

+2%

+0%

$165k

$129k

$95k


Data Scientist salaries are leveling off

Managers

$0 $50,000 $100,000 $150,000 $200,000 $250,000

MG-1

MG-2

MG-32018

2017

+0%

-3%

-3%

$185k

$145k

$250k


5-Year Salary Trend: Individual Contributors

Level 2014 2015 2016 2017 2018

IC-1 $80k $91k $97k $95k $95k

IC-2 $120k $125k $125k $126k $129k

IC-3 $150k $150k $152k $157k $165k



Level 2014 2015 2016 2017 2018

IC-1 $80k $91k $97k $95k $95k

IC-2 $120k $125k $125k $126k $129k

IC-3 $150k $150k $152k $157k $165k



Level 2014 2015 2016 2017 2018

IC-1 $80k $91k $97k $95k $95k

IC-2 $120k $125k $125k $126k $129k

IC-3 $150k $150k $152k $157k $165k



Level 2014 2015 2016 2017 2018

IC-1 $80k $91k $97k $95k $95k

IC-2 $120k $125k $125k $126k $129k

IC-3 $150k $150k $152k $157k $165k


5-Year Salary Trend: Managers

Level 2014 2015 2016 2017 2018

MG-1 $140k $141k $140k $149k $145k

MG-2 $183k $185k $190k $190k $185k

MG-3 $233k $250k $240k $250k $250k


5-Year Salary Trend: Managers

Level 2014 2015 2016 2017 2018

MG-1 $140k +0% +0% +6% -3%

MG-2 $183k +1% +3% +0% -3%

MG-3 $233k +7% -4% +4% +0%


Data Scientist salaries continue to exceed others in analytics

$0

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

$140,000

$160,000

$180,000

IC-1 IC-2 IC-3

Da

ta S

cie

nc

e

Pre

dic

tiv

e A

na

lytic

s

+22%

+36%

+27%


Additional Findings

$137K

West

Coast

Middle U.S.

Northeast

Coastal salary disparity beginning to close

Level 2 Individual Contributors

$120K

$133K


Salary disparity between

tech & other industries decreasing

Level 2 Individual ContributorData © 2018 Burtch Works LLC

$0

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

$140,000

2017 2018

Oth

er

Ind

ust

rie

s

Tec

h

+11% +4%

$0

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

$140,000

$160,000

$180,000

$200,000

IC-3 MG-1 MG-2


Management not required for high salaries

Data scientists with PhDs outearn Master’s

Master’s, 64%

Master’s, 59%

Master’s, 48%

$0

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

$140,000

$160,000

$180,000

IC-1 IC-2 IC-3

Ma

ste

r’s

Ph

D

+10%

+8%

+10%


85.8% of quantitative teams planning

to hire in Q1/Q2 2018

Data science & analytics hiring intentions continue to be strong in 2018


77.0% of quantitative teams

expanding in Q1/Q2 2018

Data science & analytics hiring intentions continue to be strong in 2018


Recap/Demographicsof Data Scientists

48% hold PhD’s, 43% hold a Master’s

66% work/live on West Coast & Northeast

44% employed by tech companies

38% permanent resident or on a visa

15% female

72% have 10 or less years’ experience


Recap/Compensationof Data Scientists

Base salaries shifted only by single digit %

Data scientists outearn others in analytics

Highest salaries paid on the coasts

Tech data scientists earn more

PhD’s earn higher salaries


Additional data is available in

our full report

burtchworks.com/study

35+ pagesDemographics

Compensation

Year-Over-Year Trends

Qualitative Insights

Quartiles/Means

Predictions

for the Future

of Data Science

The Push for ROI Will Hound Both Legacy Firms & Startups

Specialists Will Become the Norm, Not “Unicorns”

The Hands-On Component Will Be Essential to Leadership

Expect more changes as data science

continues to evolve and grow!

Contingency &

Retained Services

Entry Data Science up to

Chief Data Scientist

[email protected]

Hiring Data Scientists?

Download the full report:

www.burtchworks.com/study

About Burtch Works

Leading resource for analytics, data science, and marketing research talent

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Data Science

Predictive Analytics

Marketing Research

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on jobs.burtchworks.com

• Data science

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…and many more!

Visit burtchworks.com/blog for more insights:

• How SAS, R, or Python preferences vary in the

quantitative community

• How many data science & analytics teams are hiring

• Long-term career growth advice

• Developing trends in the data science space

Thanks for joining us!

Download: www.burtchworks.com/study

Email us: [email protected]

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