Data science is one of the most worthwhile fields that uses statistical and computational methods, domain knowledge, and computer science to obtain profound insights. This field requires enhanced proficiency and extra skills training to provide positive outcomes. Completing an MSc in data science can be a game-changer for professionals seeking opportunities to advance their data science career.
Earning this master’s degree can help in securing career paths with higher salaries. According to Glassdoor, a data scientist can get a median salary of more than $110,000 annually. It can offer plenty of opportunities for career progression. Here are some most lucrative career options you can select after pursuing an MSc in data science.
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Data Scientist
Data scientists are responsible for getting meaningful insights and patterns from unorganized data by applying advanced analytical methods like NLP (natural language processing), machine learning (ML), deep learning, etc. They build and deploy data models that can help with estimation, sorting, gathering, sentiment analysis, and other tasks. Data scientists with key data scientist knowledge and skills can earn around $1,56,828 annually in the US, as reported by Glassdoor on January 24, 2024.
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Data Analyst
Data analysts gather, clean, assess, and visualize data to solve business queries. They use different tools and techniques to adapt and present data meaningfully. Some of these techniques include Tableau, SQL, R, Python, Power BI, and more. The best thing is that interested candidates can apply for data analyst jobs in numerous sectors like healthcare, banking, education, etc. The average annual pay of a data analyst in the USA will range from $82,226 – $117,900 in 2024, according to Glassdoor.
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Data Science Manager
As depicted in the name, data science managers are responsible for managing a team of data science professionals like data scientists, data analysts, etc. They are basically the bridge that connects the data team with business stakeholders to ensure the achievement of business expectations and objectives. The average salary of a data science manager in the US is $165,018 annually as of January 19, 2024, reported ZipRecruiter.
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Data Science Educator
Data science educators are responsible for teaching and training other professionals in the data science field. They can work as a mentor, professor, instructor, lecturer, etc. in different educational institutions to provide quality data science education and analyze the learning outcomes of students. Additionally, they can have a role in creating data science courses. According to DataCam, a data science instructor’s salary ranged from US$76,000 – US$184,000 in 2023.
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Data Engineer
Data engineers design, develop, and preserve data infrastructure and pipelines that help with data accumulation, storage, processing, and evaluation. They create secure and scalable data systems that can seamlessly manage extensive varieties and large volumes of data. They work with different data professionals to makes sure the data quality and availability for numerous purposes. According to Glassdoor, the average salary of a data engineer in the US is $125,277 yearly as of January 23, 2024.
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Machine Learning Engineer
This is one of the most in-demand jobs in the data science career. Professionals who build, test, and deploy ML models and systems are known as machine learning engineers. The systems they develop can learn from data and perform several activities with less human involvement. They use TensorFlow, Scikit-learn, Python, and other tools and frameworks to develop and optimize ML algorithms like classification, reinforcement learning, etc. According to Indeed, the average salary of a machine learning engineer in the US is $161,427 yearly as of January 24, 2024.
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Data Science Consultant
Data science consultants have the roles and responsibilities of guiding clients and helping them with data-associated challenges. For example, they can guide or provide expertise for data collection, data modeling, data analysis, etc. They are also responsible for assisting with data science solution execution and optimization including data pipelines, ML models, and more. According to ZipRecruiter, the average salary of a data science consultant in the US is $122,738 yearly as of January 18, 2024.
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Business Intelligence Analyst
Business intelligence analysts measure and enhance business performance using data. Just like all other data science professionals, business intelligence analyst uses several tools and techniques like Power BI, Python, SQL, etc. to gather, evaluate, and report data associated with important business metrics including user experience, sales, profit, etc. They work closely with business stakeholders to help them with data-driven insights for effective business decision-making and strategies. According to ZipRecruiter, the average salary of a business intelligence analyst in the US is $99,864 annually as of January 18, 2024.
Conclusion
During the MSc data science program, learners develop strong knowledge and skills in data science. The jobs are offered while taking into account the skills and specialization of the graduates. The above mentioned are top jobs offered for people searching for a growing and rewarding career path after an MSc in data science. All these professions are in high demand. Therefore, take the right step and secure your bright career in the growing field of data science.