Quick facts about data analytics careers
Data analysts (Data Scientists) are specialists in Big Data, applied mathematics and computer programming with Machine Learning and Deep Learning, working in commerce, healthcare, manufacturing, finance and more. They apply models, algorithms (modeling methods) and charts to manage, mine, analyse and forecast, and to make important decisions for the goal under consideration based on collected data — thereby evaluating work already done and setting strategies and directions for future development.
Job growth: the projected job growth for market research analysts (another term for data analysts) in the period 2014–2024 is 19%, based on data from the US Bureau of Labor Statistics. That is a significant number of newly created positions.
- Salary: data analysts are well paid even if they do not continue into data science or engineering! How much do data analysts earn? According to Payscale, data analysts receive an annual salary of $60,000 – $180,000 (an average of US$131,389 according to 2019 figures from indeed.com).
- Data Scientist ranked #4 in Indeed’s Best Jobs in the U.S. Average Base Salary, 2019.
- Competitive advantage: this is a field where supply is low and demand is high. It is a very HOT field today, and you can work in any area such as Healthcare, Finance, Business, Banking, Marketing, Government, Fast Food, Retail IT, Industry, etc. Your foundation in Data Analytics with Machine Learning and Deep Learning is a strong competitive advantage that brings you a high income, a work environment with global interaction, and a solid base for doing well in AI-related jobs in the future.
- Data Analyst ranked #38 in Glassdoor’s 50 Best Jobs in America, 2018