Data scientists’ wages decline for the first time since 2016

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A latest report exhibits a 1.four% decline in pay for knowledge scientists. Karen Roby talks with a Glassdoor analyst concerning the causes behind the dip.

Knowledge scientists’ wages decline for the primary time since 2016
A latest report exhibits a 1.four% decline in pay for knowledge scientists. Karen Roby talks with a Glassdoor analyst concerning the causes behind the dip.

As demand for knowledge scientists has elevated, so has the variety of applications and boot camps that put together staff for the sphere. The titles that make up the information scientist workforce are altering, and for the primary time in two years, a Glassdoor report exhibits a decline in pay. I spoke with Sarah Stoddard with Glassdoor concerning the potential causes behind the change. The next is an edited transcript of our interview.

SEE: Tech jobs: Methods to recruit and retain the perfect IT staff (ZDNet)

Sarah: Knowledge scientists who’ve been within the information for having a extremely enticing job, they really noticed that the wages had a decline for the primary time that we have seen since 2016 with a 1.four% decline in February.

Karen: A 1.four% decline is critical as a result of the sphere has been sizzling for a while now. What are among the totally different causes for the change?

Sarah: A number of years in the past, when knowledge science jobs have been very talked-about, we noticed a growth in enrollments in knowledge science applications and boot camps. Corporations have been beginning to regulate their job titles to type of match the information science function, so there’s slightly little bit of a muddling of job titles and the talents type of related to that. And since there may be at this level such a excessive provide of information science job seekers, we’re truly seeing the wages decline very barely this previous month.

Karen: The median base pay for a knowledge scientist in line with that Glassdoor report is just below $96,000. The report additionally famous that tech hub San Francisco noticed the quickest annual pay development for the seventh month in a row. TechRepublic and ZDNet have a substantial amount of data out there in regards to the discipline of information science, in addition to the state of the present job market and far more, so you should definitely test it out. Thanks for watching.

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