Is Data Science Really a Rising Career in 2020 ($100,000+ Salary)




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Is data science really is a rising career in 2020? And if it is – why and for how long? The answer to the first question is simple: yes, data science is without a doubt a rising career, even in 2020. The reason is simple: data science operates under the same supply and demand economic principles as the rest of the business world. To learn more about how that secures the data scientist career and high salary ($100,000+) in 2020, watch this video!

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According to Glassdoor, 2016 was the first year in which “data scientist” was the ‘Best job’ on the market. And after that? Well, it was in the lead in 2017, 2018, and 2019 as well! With a mean base salary of more than $100,000, being a data scientist seems like the dream job of this century. But why is that?

Of course, like any other business-related phenomenon, it follows the basic laws of economics – supply and demand. The demand for data science professionals is very high, while the supply is too low.

Think about computer science years ago. The internet was becoming a “thing” and people were making serious cash off it. Everybody wanted to become a programmer, a web-designer or anything, really, that would allow them to be in the computer science industry. Salaries were terrific and it was exceptional to be there. As time passed by, the salaries plateaued as the supply of CS guys and girls started to catch up with the demand. That said, the industry is still above average in terms of pay.

The same thing is happening to the data science industry right now. Demand is really high, while supply is still low. And, as stated in an extensive joint research performed by IBM, Burning Glass Technologies, and Business-Higher Education Forum, this tendency will continue to be strong for the years to come.

This, by itself, determines that salaries will be outstanding. Consequently, people are very much willing to get into data science…

Enjoy the video!

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  • 365 Data Science
    November 12, 2020

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    Comment, like, share, and subscribe! We will be happy to hear from you and will get back to you!

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  • 365 Data Science
    November 12, 2020

    Hi. I'm considering complex Data Science degree at Open University. Do you think that's a good idea (online university) or should I go to a regular and more reputable university?

  • 365 Data Science
    November 12, 2020

    Is it worth getting a masters degree in machine learning and becoming a data scientist for the future? Or are they gonna become "obsolete" thanks to autoML and such?

  • 365 Data Science
    November 12, 2020

    Can i become a data scientist without a college degree?

  • 365 Data Science
    November 12, 2020
  • 365 Data Science
    November 12, 2020

    Why Data Science is so underrated in Australia? They even don't have it in their skilled occupation lits.

  • 365 Data Science
    November 12, 2020

    Jamovi is a popular data science tool. A fantastic opensource alternative to SPSS. Check it out on my channel.

  • 365 Data Science
    November 12, 2020

    Decided to go for DS masters after my years in software engineering. Hopefully it's worth it lol

  • 365 Data Science
    November 12, 2020

    Im stating at the University of Arkansas in the fall and this year Data Science is a brand new degree there, thank goodness.

  • 365 Data Science
    November 12, 2020

    Is programming still above average?

  • 365 Data Science
    November 12, 2020

    Two unskippable ads on an 8 minute video. Disliked

  • 365 Data Science
    November 12, 2020

    Amazon doesn't predict what on person wants. They predict how likely they are to sell a product a product and how many in a general area. For example summer is coming in LA. They may stock up on sandles more. They predict how many sandles they will sell in a neighborhood from what was sold before.

  • 365 Data Science
    November 12, 2020

    CS salaries are still crazy high

  • 365 Data Science
    November 12, 2020

    Well it might level in next 5 years ! Unlike CS you might not need a data scientist in near future which could be replaced by self service ML/AI engine. It should also embedded at functional level in near future.

  • 365 Data Science
    November 12, 2020

    Great video! If anyone is interested on more considerations you should keep in mind in becoming a Data Scientist – I just uploaded a video on my channel sharing my thoughts!

  • 365 Data Science
    November 12, 2020

    It seems like a great career. I’m a financial analyst right now but I already know SQL and Power BI. I’d like to learn Python and R so I can move to a role where I can combine my existing finance knowledge with data science

  • 365 Data Science
    November 12, 2020

    There's a difference between encouraging people to get into a field that has the potential to give them financial stability and…literally standing in a pile of money, throwing coins in the air like Scrooge McDuck. I hope the graphics team had fun? But that's not an expectation i have as a data science student.

  • 365 Data Science
    November 12, 2020

    Few people can program and simultaneously understand statistics. Usually people pick one or the other.

  • 365 Data Science
    November 12, 2020

    Yes supply is high, but it’s a bs wack/lame nerd job man. You don’t want to do it.

    I deal with large data currently

  • 365 Data Science
    November 12, 2020

    The OGs of data science are researchers and statisticians. Having a statistics or applied statistics background as an undergrad, then go for a master's again in an applied field will get you further than a pure computer scientist or engineer. From my experience and what I've seen computer scientists and engineers just throw machine learning at all problems without carefully considering what the data is really about. Statisticians and researchers carefully look at data.

  • 365 Data Science
    November 12, 2020

    The demand for EXPERIENCED Data Scientists is high. The supply of entry level DS, especially in big US cities is way higher than the demand, resulting in a big bottleneck. That's why it's important to have one hell of a Resume & Portfolio as a Junior to distinguish yourself from the others. This video makes it sound like you're gonna get a thousand offers instantly anywhere and I thought I'd correct that. Videos like these never talk about the delta between entry level and senior level…

  • 365 Data Science
    November 12, 2020

    I'm trying to enroll guys.whats a cbc code on your bank card or details

  • 365 Data Science
    November 12, 2020

    Share some information about ALGOTRADING it would be nice

  • 365 Data Science
    November 12, 2020

    Can someone with "Senior Test Engineer" designation eligible for data science interview… assuming he or she did a PG course and posses skills. Will the previous designation matters in resume filtering. Your thoughts please

  • 365 Data Science
    November 12, 2020

    I did enroll for 365 Data Science boot camp thru Udemy with killer price. With that being said, it is only useful for guys with other main specialties with instant needs for data manipulation and analysis. I am good with SQL, VBA and Power BI plus a CPA and FRM certificates. Now need more practice on real projects to test various statistical models. In short, it ain’t that easy to be a true data scientist

  • 365 Data Science
    November 12, 2020

    Can you do a video on data engineering

  • 365 Data Science
    November 12, 2020

    Wrong … in 2019 it was front end though 2016-17-18 it was data scientist

  • 365 Data Science
    November 12, 2020

    Can any expert tell me right path or curriculum to become a data scientist?

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