Know the Difference in Pay Between Junior Vs Senior Data Scientist

As the names suggest, there are many clear differences between junior and senior data scientists, but what are a few lesser-known ones?

Hiring managers and recruiters compare various seniority averages, income percentiles, and other variables that may influence a raise or reduction in compensation.

If you are a data scientist currently working in another field or are considering a career change into data science, compare junior vs. senior titles.

This information can be helpful for determining which role you would like to pursue. It can also be interesting to clear up some assumptions between these positions in regards to salary.

You can use this information to know which role among junior or senior data scientist can offer you the ultimate benefits that come with each role.

Junior Data Scientist Role 

 When it comes to pay, junior data scientists are the ones that are typically brought up as the "default" topic of conversation. These are the most typical kinds of data scientists you are likely to come across.

These individuals already have some professional experience. Generally, they work for a single company for a long time. This indicates that they have made a decision about their professional pathways and have climbed the ladder of both experience as well as data science salary.

However, this isn't always the defining feature of junior data scientists because not all of them have a stable job yet. They may be searching for odd jobs on the side. Though, in this area of expertise, it's certainly not that simple. One thing is certain, though: they typically don't require any kind of assistance because they already know what they're doing.

When discussing the average income of a data scientist, they are often cited. This makes sense, as their pay is higher than that of an entry-level data scientist but lower than that of a senior data scientist, right? Well, not in every case.

According to Glassdoor, the average salary for a junior data scientist is around $1,29,973 per year in the US. Also, the additional average cash compensation for a junior data scientist in the US is $20,472, ranging from $15,354 to $28,660.

Even though this is a junior position, the average salary remains low overall. But you could also be receiving a bonus, which would make this salary + bonus just great.

In order to become a data scientist, you usually require ample educational experience and have already worked in profiles like product management, software engineering, etc., so you could be getting a pay cut with this number. Despite the possible bonus, if you are a fresher and do not live in a city, it could be a good salary.

Senior Data Scientist Role

Lastly, we have some of the most committed experts in the field: the senior data scientists.

Those who have devoted their lives to the field of data science are known as senior data scientists. They are among the key members of the team and have typically worked for the same organization for many years.

In his managerial capacity, the senior data scientist supervises the work of the junior data analysts, making sure that their tasks are carried out correctly and that their actions are aligned with the entire goals and vision of the company.

The senior data scientist makes sure that the data scientist department uses suitable processes and top techniques for statistical analysis and modeling. This individual even rolled out big data capabilities, an analytic framework, consumer initiatives, and good practices within the Data and Analytics department.

In addition, the senior data scientist has a strategic role in which he develops fresh, original ideas for utilizing the enormous amount of data that the company has stored in its databases.

The pay of a senior data scientist is what you should strive for if the entry-level data scientist position is the lowest that you can expect to make when entering the area of data science. Out of all of their peers in the same profession, these individuals make the highest salaries.

In the US, the average senior data scientist salary is $2,15,862 annually. In the US, a senior data scientist typically receives $55,784 in additional cash pay, with a range of $41,838 to $78,098.

These numbers look great, especially considering bonuses are high for senior roles.

In Conclusion

Even though talking about salary can be taboo, it's crucial to talk about the factors that affect pay, such as years of experience, location, or skills.

Given everything said above, you might be wondering if it's still worthwhile to pursue a career in data science, even though the pay is great. And, in response, you would most likely get a YES. The demand for talented data scientists may potentially rise in the future.

So, if you've found this career fascinating and this is the course you wish to take, let's put you on the right track. Find the right online data science certification provider, check their courses, and enroll in the one that meets your interests and helps you get upskilled.

By pursuing the program, you can gain an industry-recognized certification that any data expert would find beneficial.