4.9 • 848 Ratings
🗓️ 19 July 2018
⏱️ 20 minutes
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O'Reilly's 2017 Data Science Salary Survey finds that location is the most significant salary determinant for data professionals, with median salaries ranging from $134,000 in California to under $30,000 in Eastern Europe, and highlights that negotiation skills can lead to salary differences as high as $45,000. Other key factors impacting earnings include company age and size, job title, industry, and education, while popular tools and languages—such as Python, SQL, and Spark—do not strongly influence salary despite widespread use.
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0:00.0 | You're listening to Machine Learning Applied. |
0:03.1 | In this episode, we're going to talk about money. |
0:06.0 | We're going to talk about data scientist salaries and what various factors affect those |
0:11.9 | salaries. |
0:12.8 | So this is a summary of a survey put out by O'Reilly called the 2017 Data Science Salary Survey, Tools, Trends, Titles, What Pays and |
0:24.6 | What Doesn't for Data Professionals. |
0:27.3 | And O'Reilly puts out these surveys once a year, starting from 2013. |
0:31.9 | They've been collecting data from professionals all the way back to 2013 in order to analyze what factors affect data scientist |
0:40.5 | salaries, things like location, age, gender, and all these things. And this survey is a PDF. |
0:47.6 | You can get the survey online. I'll put a link in the show notes. And I highly recommend you do get |
0:53.6 | the survey online and read the PDF. |
0:56.4 | They've got excellent charts and graphs that I think will convey the information more |
1:00.6 | effectively than this audio format, and their survey is a thorough presentation, whereas what |
1:06.7 | I'm going to present in this episode is going to be just my personal favorite highlights, |
1:11.7 | my own takeaways from this survey. So this will be biased towards my favorite highlights. So I |
1:16.4 | recommend getting the PDF link from the show notes after you listen to this episode and reading |
1:20.9 | it offline. And so the median salary of data professionals globally is $90,000, US dollarsS. dollars. So all the money in this survey is |
1:31.1 | discussed in U.S. dollars. 90K. Median salary globally. That's pretty high, actually, in my |
1:37.5 | opinion. They say it's up $5,000 compared to last year's median of 85K. and so it looks like data jobs are on the rise i |
1:45.9 | think that's no surprise to any of us here we all see machine learning in the sort as the way of the |
1:51.0 | future when we start going to different world regions we see that the united states has the highest |
1:57.6 | median salary of 112k and they note here that that's nearly double the |
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