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Demand and Salaries For Data Scientists Continue To Climb (ieee.org)

Data-science job openings are expanding faster than the number of technologists looking for them, says job-search firm Indeed. From a report: Back in August, a LinkedIn analysis concluded that the United States is facing a significant shortage of data scientists, a big change from a surplus in 2015. Last week, job-search firm Indeed reported that its data indicates the shortage is getting worse: While more job seekers are interested in data-science jobs, the number of job postings from employers has been rising faster than the number of interested applicants.

According to Indeed, job postings for data scientists as a share of all postings were up 29 percent in December 2018 compared with December 2017, while searches were only up around 14 percent. "The bargaining power in data science remains with the job seekers," Andrew Flowers, Indeed economist, stated in a press release. [...] Salaries for data scientists are up as well. Average salary in the area surrounding Houston, which topped the 2018 list when adjusted for the cost of living, climbed 16.5 percent since 2017, while the average salary in the San Francisco Bay Area, No. 2 on the adjusted list, jumped 13.7 percent over Indeed's 2017 numbers.

27 of 66 comments (clear)

  1. Training by lazarus · · Score: 3, Insightful

    No doubt the big money will be in Data Scientist training programs.

    --
    I am not interested in articles about life extension advancements.
    1. Re:Training by ShanghaiBill · · Score: 4, Funny

      What makes you think the majority of data scientists have any relevant training?

      Because it is so easy to do. Most of the courses are available for free on Youtube. I started watching Bayesian statistics and Tensorflow tutorials on Friday afternoon. By Monday morning, I was a data scientist.

    2. Re:Training by jythie · · Score: 1

      I would argue that this type of work is pretty resistant to AI. Data science is all about adding the human touch after big data has done all it can with collecting information. I am not sure how easily that can be automated since it is very human oriented.

    3. Re:Training by rtb61 · · Score: 2

      The demand is quite peculiar ie 'are you anal retentive enough to be completely blithely ammoral about prying into the private lives of people so that you can manipulative them in order to monetise their existence, then we have a job for you'. Now, that is the truth, that particular job is attracting the worst of the worst, in the digital arena both in terms of employers and employees, real slimey douche bag territory. Not all there are all sorts of valid data analysis problems but everyone knows thanks to the precedents set by the dick brains at Google and co, prying into and controlling people's private lives is the dominant focus, it's a fucking sickness.

      Being associated with that kind of employment is going to become a real stain upon a persons character, guilt by intimate association, oh your a data scientist, hows that anal probe program going.

      --
      Chaos - everything, everywhere, everywhen
    4. Re:Training by cheesybagel · · Score: 1

      It is just "Quants" 2.0. Another bubble that will eventually burst. Try reading about the guy behind Khan Academy for example.

    5. Re:Training by jma05 · · Score: 1

      Data Science is not just mining social network data. It applies to any data.
      The data science I am in contact with is all about publishing papers and little about monetizing anything.
      And this is stuff being done for ages, except that this is a new umbrella term since there are a common set of algorithms and technologies that everyone finds useful.

  2. Re:Fancy words for statisticians by Tablizer · · Score: 5, Funny

    why must tech nerds rebrand everything?

    We did it? You are not a troll, you are an Agitation Engineer.

  3. $50,000 by 110010001000 · · Score: 1

    Can you make more than $50,000? Asking for a friend...

    1. Re:$50,000 by TimMD909 · · Score: 1

      Can you make more than $50,000? Asking for a friend...

      Error 501 - Not implemented - No data scientists could be found to answer that question.

    2. Re:$50,000 by NicknameUnavailable · · Score: 1

      "Data scientist" isn't a real position, so no.

    3. Re:$50,000 by TeknoHog · · Score: 1

      Corollary: real scientists don't need no data. If a theory is any good, it can practically prove itself without any pesky real-world facts.

      --
      Escher was the first MC and Giger invented the HR department.
    4. Re:$50,000 by ClickOnThis · · Score: 1

      Can you make more than $50,000? Asking for a friend...

      Error 501 - Not implemented - No data scientists could be found to answer that question.

      Yeah, they're all too busy making more than $50,000.

      --
      If it weren't for deadlines, nothing would be late.
    5. Re: $50,000 by TeknoHog · · Score: 1

      A clear reference to AGW officianados

      Real scientist don't need no spelling either. The meaning of their theories should be obvious from the context.

      --
      Escher was the first MC and Giger invented the HR department.
    6. Re:$50,000 by NicknameUnavailable · · Score: 1

      That's kind of the point, all scientists are data scientists - "data scientist" isn't actually something anyone hires for. "Business analyst," "statistician," "business intelligence developer," etc are - but if any of those people tried to claim "sorry, I can't write code because I'm a data scientist" they'd get shitcanned within a day.

  4. Demand is not quite high enough yet it seems by Anonymous Coward · · Score: 1

    I keep applying for these jobs, all of which I am completely qualified for, but the computer sees that my college degree is from 1987 and instantly deletes my resume.

    1. Re:Demand is not quite high enough yet it seems by HornWumpus · · Score: 1

      Stop making shit up. Nobody with a degree from 1987 has their graduation date on their resume.

      --
      John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
  5. DC region appears skewed downward by MikeRT · · Score: 1

    The biggest culprit I can think of is that most government contractors are big on direct recruiting. For example, you often hear employees bring someone they know or a recruiter gets a resume and a manager will say "cool, we'll open a req." Then the req gets quickly filled and disappears.

  6. Really statistician programmers by SuperKendall · · Score: 1

    True, it really means "people who know statistics".

    But more than that, it also means people who know statistics but also how to work with numerical computations that deal with statistics.. stat understanding alone is far from the whole story.

    I would say it's probably more like a very specialized programming knowledge, than a statistician. And that is why supply is short, because the supply of people who know something like R well is smaller than people who have a good understanding of statistics... it also explains why a shortage remains, because as we all know programming is kind of hard and not something you can easily train anyone into to do well at.

    --
    "There is more worth loving than we have strength to love." - Brian Jay Stanley
    1. Re:Really statistician programmers by doom · · Score: 1

      True, it really means "people who know statistics".

      I thought it just meant "marketing".

      Of course, you've gotta respect the sales skills of a bunch of marketing wizards rebranding themselves as "data scientists".

    2. Re:Really statistician programmers by jma05 · · Score: 1

      > supply of people who know something like R well is smaller than people who have a good understanding of statistics

      Learning R is trivial. There are no difficult concepts at all. It is just a matter of getting used to it.
      Learning to think statistically isn't. Not everyone is even built for probabilistic thinking.

      Mathematical skills are always at a premium over coding skills.

  7. Re:Fancy words for statisticians by godrik · · Score: 1

    Actually it is not. I graduate a PhD student that does data science.
    When looking for job he realized that "data scientist" essentially means anything from "I need someone to key some form on the computer" to "I need someone to develop new machine learning model", going through "I need an engineer to set up a data lake", and including "I need an excel guru to prototype models and do some regressions".
    Salaries naturally range from barely-more-than-minimum-wage to six-digit-salaries.
    And the mess is not going to get better with degrees in Data Science that pops everywhere. How do you call a job which primary requirement is to have a BS in Data Science, it really is a Data Scientist position. But it can mean a million different things.

  8. Re:Fancy words for statisticians by TimMD909 · · Score: 1

    why must tech nerds rebrand everything?

    We did it? You are not a troll, you are an Agitation Engineer.

    I dunno know about that. Not good quality trolling. Probably only an Agitation Analyst.

  9. A hopeful sign by Anonymous Coward · · Score: 1

    Companies are accumulating massive amounts of data but don't have anyone to tell them what it means. Maybe this will one day result in someone asking why they accumulate the data in the first place.

  10. Re:Fancy words for statisticians by Sponge+Bath · · Score: 1

    Put a red shirt on him and beam him down to the planet surface.

  11. Re:Fancy words for statisticians by Anonymous Coward · · Score: 1

    If your hiring a PhD student to design a data lake your in a world of hurt.

  12. Re: Meh. Fake News. by Anonymous Coward · · Score: 1

    You also need 15 years experience working in a data scientist position, silly.

  13. If the lack of morals was the main requirement by rsilvergun · · Score: 1

    the job would pay minimum wage. Maybe less (they could "Uberify" it).

    Being a Data Scientist means math. Lots and lots of math. Really hard math like the kind very few people can do. Now, if you fully supported students you'd probably have plenty of them. But that means taxes for the wealthy, and we can't have that. After all, a 70% marginal tax rate means a guy making $10/hr only keeps $3 a day, right? So we'll import H1-Bs. Lots of them, and you'll pay out of pocket for your kid's college or go into debt like crazy. Because we're all about pulling the ladder up behind us ...

    --
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