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What is the Salary of a Data Scientist in North America?

Are you a Data enthusiast?

Do you see yourself as a Data Scientist in the future?

Data Science is considered one of the lucrative jobs around the world. Every individual is curious to explore this field, for the various incentives it offers in terms of a job. Moreover, the Data Science profession is considered recession-proof and one that ensures longevity. Any profession gives an individual the opportunity to become better from good, and best from better. The same is true with Data Science. All your efforts are towards turning from a good Data Scientist to a better and best data scientist.

What is Data Science all about?

Business organisations are awash in big data, and there is a need for a systematic mechanism to use this data for achieving the end goal of decision making. Data Science is a field of study that helps in the collection, arrangement and analysis of huge data sets. It involves the confluence of the knowledge of Mathematics, Statistics, and Computer Science. A Data Scientist’s expertise lies in collating all the data and incorporating various statistical tools to derive the final output, which becomes instrumental for decision making.

The growth of Data Science as a discipline is a recent development. However, the domain has been subjected to numerous discussions among statisticians, computer scientists and many other professionals. The history of Data Science as such can be traced back to the early 60s, in a book named ‘The Future of Data Analysis, written by John. W. Tukey.

‘Data is the new Science. Big Data holds the answers’ – Pat Gelsinger. Data Science is manifesting in its completeness across organisations. Nowadays, business organisations are moving towards the data age. According to the U.S. advisory firm Forrester, the companies which work on data insights are expected to earn up to USD 1.8 trillion in

2021 and beyond. This will be possible by a mechanism called Data Lake. Data is collected from various sources and transferred to the data lake.

Data Science jobs are increasing at an exponential rate. According to the U.S. Bureau of Labour Statistics, there will be a total of 43,400 jobs in Data Science by 2029.

Is Data Science a lucrative career option?

Job options are always assessed based on how good salaries they offer. Engineering and Medical studies are till today, believed to be the ones resulting in the brightest career in India. Today, Data Science is considered to be giving out great career options. According to a study by Analytics India Magazine, Data Science jobs accounted for a total of 70%, with an experience range between 0-5 years. Glassdoor.com has identified Data Science jobs as No.1 in the U.S.

As per the reports by the U.S. Bureau of Statistics, the Data Science skills will lead to a 27.9% increase in employment levels by 2026.

Salary of a Data Scientist in North America

North America is one of the key markets to tap for Data Science opportunities. The upcoming paragraphs talk about the salary of a Data Scientist in different regions of North America.

Data Science Salary in the United States of America

According to Glassdoor.com, the average salary of a Data Scientist in the U.S. is $122,897. This is based on the 4.2k salary reports updated in February 2021. As per Glassdoor, the average salary of a Data Scientist is USD 1,13,309 p.a.

According to Payscale the average salary of a Data Scientist is USD 96,420 p.a.

There is a growing demand for Data Science courses in the United States A good Data Science can help a candidate to build the various skills needed to take up a data science job.

Data Science Salary in Canada

As per the reports by Indeed.com, the average salary of a Data Scientist in North America is C$ 83,293. This figure is arrived, based on the 127 salary reports submitted by Data Scientists on February 15 2021. The Payscale reports show that the average salary of a Data Science in Canada is C$78,990.

With the increasing number of individuals opting for Data Science Courses in Canada there is also the possibility of an increasing number of data science skills for companies to tap on.

Data Science Salary in Greenland

According to Salary Explorer, the average salary of a Data Scientist in Greenland is 44,300 DKK. The Data Scientists salary is based on skills and the number of years of experience in the domain.

Data Science Salary in Mexico

As per the reports by Indeed.com, the average salary of a Data Scientist in Mexico is MXN$ 112,376. Reports by Salary Explorer shows the average salary as MXN$ 44,300. According to Glassdoor, the average salary of a Data Scientist in Mexico is MXN$ 345000.

Data Science Salary in Cuba

Cuba is leveraging big data analytics to help its tourism industry. It is helping Cuba to streamline its tourism activities with the help of the increased accuracy in information obtained from the analysis of visitors. Cuba has huge employment opportunities for Data Science. With lots of companies offering Data Scientist positions.

According to the 2021 salary reports shown by Salary Explorer, the average salary of a Data Scientist in Cuba is 22700 CUP.

Data Science Salary in Panama

According to Payscale, the average salary of a Data Scientist in Panama is 39,200 PAB per annum. The majority of the professionals are found to be earning a salary of 5120 PAB per month. According to the data published by the Economic Research Institute, the average salary of a Data Scientist in Panama is PAB 35,038 per annum.

Conclusion

On an ending note, having seen the salaries of a Data Scientist in various countries in North America, we can conclude that the opportunities in the field are growing. This is the right time to learn Data Science and make yourself relevant in the job market. DataMites offers industry-oriented courses in Data Science, AI and Machine Learning. Datamites provides ‘Certified Data Scientist‘ course, accredited by IABAC.

About Data Science Team

DataMites Team publishes articles on Data Science, Machine Learning, and Artificial Intelligence periodically. These articles are meant for Data Science aspirants (Beginners) and for those who are experts in the field. It highlights the latest industry trends that will help keep you updated on the job opportunities, salaries and demand statistics for the professionals in the field. You can share your opinion in the comments section. Datamites Institute provides industry-oriented courses on Data Science, Artificial Intelligence and Machine Learning. Some of the courses include Python for data science, Machine learning expert, Artificial Intelligence Expert, Statistics for data science, Artificial Intelligence Engineer, Data Mining, Deep Learning, Tableau Foundation, Time Series Foundation, Model deployment (Flask-API) etc.

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