ThimPressThimPress ThimPress
  • Home
  • Best Deals
    • Eduma – Education WordPress Theme – $439 $69 Only!
    • Eduma Mobile – React Native LMS Mobile App for iOS & Android – $149 $54 Only!
    • Storepify – Minimal Multipurpose Shopify Theme – $89 $29 Only!
    • Sailing | Hotel WordPress Theme – $54 Only!
    • LuxStay – Hotel & BnB WordPress Theme – $54 Only!
    • Coaching – Life And Business Coach WordPress Theme – $54 Only!
    • Course Builder – Online Course WordPress Theme – $49 Only!!
    • StarKid – Kindergarten WordPress Theme – $44 Only!
    • IvyPrep – Education & School WordPress Theme – $44 Only!
  • LearnPress
    • LearnPress – LMS WordPress Plugin
    • LearnPress Add-Ons
    • LearnPress PRO Bundle
    • LearnPress Store
    • Eduma Mobile App
    • LearnPress Mobile App
  • Plugins
    • All
    • LearnPress Add-Ons
    • Create Courses Add-Ons
    • Manage Courses Add-Ons
    • Sell Courses Add-Ons

    Plugins33

    LearnPress Pro Bundle (690x460)
    LearnPress PRO Bundle
    LearnPress Semi-Pro Bundle (690x460)
    LearnPress Semi-Pro Bundle
    WooCommerce add on for LearnPress 690x460px
    WooCommerce Add-On for LearnPress
    live course
    Live Course Add-On for LearnPress

    LearnPress Add-Ons33

    LearnPress Pro Bundle (690x460)
    LearnPress PRO Bundle
    LearnPress Semi-Pro Bundle (690x460)
    LearnPress Semi-Pro Bundle
    WooCommerce add on for LearnPress 690x460px
    WooCommerce Add-On for LearnPress
    live course
    Live Course Add-On for LearnPress

    Create Courses Add-Ons7

    Paid Memberships Pro 690x460px 1
    Paid Memberships Pro Add-On for LearnPress
    Frontend Editor 690x460px
    Frontend Editor Add-On for LearnPress
    Assignments 690x460px
    Assignments Add-On for LearnPress
    Random Quiz 690x460px
    Random Quiz Add-On for LearnPress

    Manage Courses Add-Ons17

    live course
    Live Course Add-On for LearnPress
    Certificates 690x460px
    Certificates Add-On for LearnPress
    Gradebook 690x460px
    Gradebook Add-On for LearnPress
    WPML addon 690x460
    WPML Add-On for LearnPress

    Sell Courses Add-Ons7

    WooCommerce add on for LearnPress 690x460px
    WooCommerce Add-On for LearnPress
    Paid Memberships Pro 690x460px 1
    Paid Memberships Pro Add-On for LearnPress
    Stripe add on for LearnPress 690x460px
    Stripe Add-On for LearnPress
    2Checkout add on for LearnPress 690x460px
    2Checkout Add-On for LearnPress
  • Themes
    • All
    • Education Themes
    • Shopify Themes
    • Hotel Themes
    • WordPress Blog & Magazine Themes
    • Free
    • E-Commerce Themes

    Themes16

    EduPress - Education WordPress Starter Theme for LearnPress
    Education WordPress Starter Theme For LearnPress
    RealPress - Real Estate WordPress Theme
    RealPress – Real Estate WordPress Theme
    Eduma - Premium LMS WordPress Theme
    Eduma | LMS WordPress Theme
    Coaching | Life and Business Coach WordPress Theme
    Coaching | Life & Business Coach WordPress Theme

    Education Themes7

    Eduma - Premium LMS WordPress Theme
    Eduma | LMS WordPress Theme
    Coaching | Life and Business Coach WordPress Theme
    Coaching | Life & Business Coach WordPress Theme
    course builder
    CorpTrain | Corporate Training WordPress Theme
    onelms education wordpress theme
    OneLMS – Education WordPress Theme

    Shopify Themes1

    Storepify - Minimal Multipurpose Shopify Theme
    Storepify – Minimal Multipurpose Shopify Theme

    Hotel Themes3

    Sailing Hotel WordPress Theme
    Sailing | Hotel WordPress Theme
    hotel
    LuxStay | Hotel & BnB WordPress Theme
    luxhotel hotel & bnb wordpress theme
    LuxHotel – Hotel WordPress Theme

    WordPress Blog & Magazine Themes3

    megabuilder
    MegaBux | Construction WordPress Theme
    magwp
    Magie | Magazine WordPress Theme
    magazette travel
    Magazette | News & Magazine WordPress Theme

    Free2

    EduPress - Education WordPress Starter Theme for LearnPress
    Education WordPress Starter Theme For LearnPress
    education pack
    Education Pack: #1 Free Education WordPress Theme

    E-Commerce Themes1

    RealPress - Real Estate WordPress Theme
    RealPress – Real Estate WordPress Theme
  • Blog
    • WordPress Theme Collections
    • WordPress Plugin Collections
    • Shopify
    • Education & LMS
    • Marketing & SEO
    • Tutorials & Docs
  • Our Services
    • Customization
    • Maintenance Service
    • Hosting Service
    • Advertise
  • Help Center
    • Support Forums
    • Ticket Center
    • Documentation
    • Knowledge Base
    • FAQs
    • Contact us
  • 0
  • Sign in

    Sign In

    Lost your password?

    Not a member yet? Sign up now

    Lost Password

    Please enter your username or email address. You will receive a link to create a new password via email.

    Are you a member? Sign in now

Back
  • Home
  • Best Deals
    • Eduma – Education WordPress Theme – $439 $69 Only!
    • Eduma Mobile – React Native LMS Mobile App for iOS & Android – $149 $54 Only!
    • Storepify – Minimal Multipurpose Shopify Theme – $89 $29 Only!
    • Sailing | Hotel WordPress Theme – $54 Only!
    • LuxStay – Hotel & BnB WordPress Theme – $54 Only!
    • Coaching – Life And Business Coach WordPress Theme – $54 Only!
    • Course Builder – Online Course WordPress Theme – $49 Only!!
    • StarKid – Kindergarten WordPress Theme – $44 Only!
    • IvyPrep – Education & School WordPress Theme – $44 Only!
  • LearnPress
    • LearnPress – LMS WordPress Plugin
    • LearnPress Add-Ons
    • LearnPress PRO Bundle
    • LearnPress Store
    • Eduma Mobile App
    • LearnPress Mobile App
  • Plugins
    • All
    • LearnPress Add-Ons
    • Create Courses Add-Ons
    • Manage Courses Add-Ons
    • Sell Courses Add-Ons

    Plugins33

    LearnPress Pro Bundle (690x460)
    LearnPress PRO Bundle
    LearnPress Semi-Pro Bundle (690x460)
    LearnPress Semi-Pro Bundle
    WooCommerce add on for LearnPress 690x460px
    WooCommerce Add-On for LearnPress
    live course
    Live Course Add-On for LearnPress

    LearnPress Add-Ons33

    LearnPress Pro Bundle (690x460)
    LearnPress PRO Bundle
    LearnPress Semi-Pro Bundle (690x460)
    LearnPress Semi-Pro Bundle
    WooCommerce add on for LearnPress 690x460px
    WooCommerce Add-On for LearnPress
    live course
    Live Course Add-On for LearnPress

    Create Courses Add-Ons7

    Paid Memberships Pro 690x460px 1
    Paid Memberships Pro Add-On for LearnPress
    Frontend Editor 690x460px
    Frontend Editor Add-On for LearnPress
    Assignments 690x460px
    Assignments Add-On for LearnPress
    Random Quiz 690x460px
    Random Quiz Add-On for LearnPress

    Manage Courses Add-Ons17

    live course
    Live Course Add-On for LearnPress
    Certificates 690x460px
    Certificates Add-On for LearnPress
    Gradebook 690x460px
    Gradebook Add-On for LearnPress
    WPML addon 690x460
    WPML Add-On for LearnPress

    Sell Courses Add-Ons7

    WooCommerce add on for LearnPress 690x460px
    WooCommerce Add-On for LearnPress
    Paid Memberships Pro 690x460px 1
    Paid Memberships Pro Add-On for LearnPress
    Stripe add on for LearnPress 690x460px
    Stripe Add-On for LearnPress
    2Checkout add on for LearnPress 690x460px
    2Checkout Add-On for LearnPress
  • Themes
    • All
    • Education Themes
    • Shopify Themes
    • Hotel Themes
    • WordPress Blog & Magazine Themes
    • Free
    • E-Commerce Themes

    Themes16

    EduPress - Education WordPress Starter Theme for LearnPress
    Education WordPress Starter Theme For LearnPress
    RealPress - Real Estate WordPress Theme
    RealPress – Real Estate WordPress Theme
    Eduma - Premium LMS WordPress Theme
    Eduma | LMS WordPress Theme
    Coaching | Life and Business Coach WordPress Theme
    Coaching | Life & Business Coach WordPress Theme

    Education Themes7

    Eduma - Premium LMS WordPress Theme
    Eduma | LMS WordPress Theme
    Coaching | Life and Business Coach WordPress Theme
    Coaching | Life & Business Coach WordPress Theme
    course builder
    CorpTrain | Corporate Training WordPress Theme
    onelms education wordpress theme
    OneLMS – Education WordPress Theme

    Shopify Themes1

    Storepify - Minimal Multipurpose Shopify Theme
    Storepify – Minimal Multipurpose Shopify Theme

    Hotel Themes3

    Sailing Hotel WordPress Theme
    Sailing | Hotel WordPress Theme
    hotel
    LuxStay | Hotel & BnB WordPress Theme
    luxhotel hotel & bnb wordpress theme
    LuxHotel – Hotel WordPress Theme

    WordPress Blog & Magazine Themes3

    megabuilder
    MegaBux | Construction WordPress Theme
    magwp
    Magie | Magazine WordPress Theme
    magazette travel
    Magazette | News & Magazine WordPress Theme

    Free2

    EduPress - Education WordPress Starter Theme for LearnPress
    Education WordPress Starter Theme For LearnPress
    education pack
    Education Pack: #1 Free Education WordPress Theme

    E-Commerce Themes1

    RealPress - Real Estate WordPress Theme
    RealPress – Real Estate WordPress Theme
  • Blog
    • WordPress Theme Collections
    • WordPress Plugin Collections
    • Shopify
    • Education & LMS
    • Marketing & SEO
    • Tutorials & Docs
  • Our Services
    • Customization
    • Maintenance Service
    • Hosting Service
    • Advertise
  • Help Center
    • Support Forums
    • Ticket Center
    • Documentation
    • Knowledge Base
    • FAQs
    • Contact us
  • Home
  • Marketing & SEO

Data Scientist Careers: Why They Are Paid So Well?

Article In Marketing & SEOBy catherrinegarcia - December 8, 2022

Are you sitting on your desk to earn pennies while your friend, the Data Scientist, is on his luxury yacht taking another holiday? You may be wondering why that is. It is because the salary for a data scientist is generally much higher than most of the average jobs in the USA.

In fact, when compared to jobs such as painter or decorator, police officer, or even teacher. A data scientist blows most of them out of the water when it’s based purely on salary. But why is that?

data scientist

According to the popular job-hunting website indeed.com, the salary for a data scientist is somewhere around 113% higher than the average American’s salary. That fact isn’t limited to certain areas either: This is a nationwide statistic from New York to Idaho, Maine to Dallas. Data science is a field that touches nearly every category of jobs at some level. This means those who are capable may take their career anywhere and reach untold potential.

Practitioners of data science are masters of math, statistics, programming, and critical thinking. It may sound like a straightforward profession. However, there is definitely a case of wearing many hats, with the need to think both critically and creatively at the same time being one of them.

Becoming a success in this field of data science involves many years of study. For example, taking one of the many data science masters programs available and getting a real understanding of complicated topics. Practitioners can then interpret and use the insights gained to the benefit of the business. This is a hugely complicated thing to do. Also, it may be very difficult to prove a return on investment for.

Table of Contents

  • Data Scientist Careers: Why They Are Paid So Well?
    • Money Makes The World Go Round
    • A Changing World
    • The Role Of Data scientists Is Very Tough
    • Data Scientists Are Valuable Communicators
  • Conclusion: Now You Know The Reason Behind It
Read more:  How to Optimize WordPress For Lead Generation

Data Scientist Careers: Why They Are Paid So Well?

Money Makes The World Go Round

According to indeed.com, the average salary for a data scientist is around $120,000 per year. An incredible salary for a median has been increasing year on year since the discipline became more formalized in the early 2010s.

money can make the world go around

The reasons for this increase are many. It’s a true fact that our world has become more complicated. And, the data has been driving decisions and has buying power. Twenty years ago, the phrase ‘big data’ was barely a pinprick of interest. But now companies of all sizes are getting in on the game and using data to drive their decisions and convert sales.

Using Big Data isn’t as simple as taking a survey and getting a nice PowerPoint bar chart result. Data scientists analyze all kinds of statistics and information sources to build a picture of the users or customers that the business needs to know about. This solves the ‘we don’t know what we’re doing’ argument that many businesses realize pretty soon.

A Changing World

It’s not like the world is going to get any more simple. In fact, it’s probably going to get worse. Even the average car is exponentially more complicated now than it was just five or ten years ago.

a changing world

All of this complication is getting worse too. Forbes states that there are 2.5 quintillion bytes of data created every day. But the ability to structure that data and categorize itis something that hasn’t caught up with the times. It means the ability to derive any use from the masses of data we are creating has been left up to a very small amount of experts.

Read more:  Passive Income - Generating Activities You Can Do On Your Blog

The data of the future will require different tools and levels of an expert to really use those tools. Data scientists are well placed to be that change in the world.

The Role Of Data scientists Is Very Tough

We’ve discussed how much the world data is generating and how difficult it is to interpret. These are two of the reasons that mean the role of a data scientist is actually very hard to do. And, one of the main reasons that the role is so well paid.

Data scientists need to master the skills of their profession as well as the skills of their job category. If they work in retail or in banking, they need to have an in-depth knowledge of that sector to be able to apply for their work. And results in a useful way and ask intelligent questions of the data they are given.

data scientist

One of the reasons that data scientists are so valuable to organizations is that their unique ability. It means they have an understanding of the reasons behind many data revelations and can organize that in both useful and helpful to others within the organization. Usefulness and helpfulness are not always the same outcome. It takes someone with incredible skill to be able to present both as such.

Data scientists use multivariate regression, contextual correlation, predictive and prescriptive modeling as the backbone of their knowledge. And, the knowledge revealing intelligence. This means they can present the findings in a way that speaks to those without an analytical mind or background.

This ability to straddle both disciplines is the main reason why data scientists are so well rewarded for their skills and knowledge when it comes to salary.

Read more:  Android App Development: 3 Important Features To Consider

Data Scientists Are Valuable Communicators

One of the most interesting things about the world of data science is the knowledge that ‘gut instinct’ is usually right. But there are not many companies willing to pay or run entire campaigns racking up millions of dollars to go on a ‘gut instinct’. And because of this, data scientists need to learn to communicate their reasoning and their findings in a solid way.

In simple terms, there’s no point in knowing something to be true if you can’t prove it in a repeatable way. That is the basis for all scientific exploration.

Learning good communication is an art as well as a skill. This is something that a master’s program level education will take students through to ensure that they are both good at their future jobs and communicating.

Conclusion: Now You Know The Reason Behind It

In conclusion, data scientists are paid so well because of a combination of factors. Firstly, money makes the world go round, and in the digital age, data is becoming increasingly valuable.

Secondly, the world is changing rapidly, and businesses need to adapt quickly to stay ahead. Data scientists play a vital role in this process, as they are responsible for collecting, analyzing, and interpreting data to make informed decisions. Thirdly, the role of a data scientist is very tough, and requires a broad range of skills and expertise.

Finally, data scientists are valuable communicators, able to translate complex data into understandable insights that can be used to drive business decisions. All these factors make data scientists highly sought after, and consequently, they are compensated accordingly.

Read More: Super Tips Regarding Blogging That Help Develop Success


Contact us, ThimPress: 

Website: https://thimpress.com/

Fanpage: https://www.facebook.com/ThimPress

Youtube: https://www.youtube.com/c/ThimPressDesign

Twitter: https://twitter.com/thimpress

TAGS: marketing

Related Articles

graphic design software

Best Graphic Design Software Collection for Designers

nextiva vs ringcentral

Evaluation RingCentral and Nextiva: Which is the ideal option for small businesses?

business name

3 Ways to Improve the Branding Success of Your Business Name

best email marketing services

Top 6 Best Email Marketing Services for Medium & Small Businesses (Update 2023)

How Can Mobile Apps Increase the Rate of Business Concentration?

Latest Articles

  • What Is User Experience

    What Is User Experience?

  • What Is An IP Address

    What Is An IP Address?

  • What Is Domain Name

    What Is Domain Name?

  • Graphic Designer Salary

    Graphic Designer Salary – Tips and Skills to Earn More

  • Real Estate WordPress Theme

    10 Best Real Estate WordPress Themes for Easily Creating a Property Selling Website

Categories

  • Blog
  • Tutorials & Updates
  • WordPress Theme Collections
  • Marketing & SEO
  • WordPress Plugin Collections

FEATURE THEMES

Education WordPress Theme | Eduma
$69
Education WordPress Theme | Eduma

Live DemoBuy Theme

Coaching | Coaching WordPress Theme
$54
Coaching | Coaching WordPress Theme

Live DemoBuy Theme

CorpTrain | Corporate Training WordPress Theme
$49
CorpTrain | Corporate Training WordPress Theme

Live DemoBuy Theme

Hotel WordPress Theme | Sailing
$54
Hotel WordPress Theme | Sailing

Live DemoBuy Theme

Hotel & BnB WordPress Theme | LuxStay
$54
Hotel & BnB WordPress Theme | LuxStay

Live DemoBuy Theme

Charitix | Nonprofit Charity WordPress Theme
$44
Charitix | Nonprofit Charity WordPress Theme

Live DemoBuy Theme

IvyPrep | Education & School WordPress Theme
$44
IvyPrep | Education & School WordPress Theme

Live DemoBuy Theme

Restaurant WordPress Theme - Resca
$44
Restaurant WordPress Theme - Resca

Live DemoBuy Theme

ADD-ONS FOR LEARNPRESS

  • Combo LearnPress Pro Bundle (690x460)Read more

    LearnPress PRO Bundle

    $610 $299

    The next level of LearnPress - LMS WordPress Plugin. More Powerful, Flexible and Magical Inside.

  • Combo LearnPress Semi-Pro Bundle (690x460)Read more

    LearnPress Semi-Pro Bundle

    $210 $149

    5 Most Powerful as well as Most Wanted Premium LearnPress Add-ons. Compact but Fabulous.

  • Add to cart

    WooCommerce Add-On for LearnPress

    $49

    Easy to connect WooCommerce to your LMS website, easy to sell your courses online with no obstacle.

  • Add to cart

    Live Course Add-On for LearnPress

    $19

    Create courses and live video meetings using Zoom or Google Meet Use shortcode to show the meeting content.

  • Add to cart

    Certificates Add-On for LearnPress

    $39

    Add Drag & Drop certificates builder as well as select designed certificates templates for each LMS course.

  • Add to cart

    Gradebook Add-On for LearnPress

    $39

    Track process and result of students in each LMS course. Allow to export the gradebook to CSV.

thimpress logo

We are a company that is passionate about developing products to help you build your business online. Our very first priority is to guarantee our customers’ experience and satisfaction.

"ThimPress" is a brand of "PhysCode LLC".
Address: 14936 DILLOW ST, #V301, Westminster, CA 92683.
Email: [email protected]


COMPANY

  • Privacy Policy
  • Terms & Conditions
  • Refund Policy
  • Item Support Policy

AFFILIATE

  • Become an Affiliate
  • Affiliate Terms & Policies

SUPPORT

  • Documentation
  • Forum
  • How to get help

PRODUCT

  • WordPress Plugins
  • WordPress Themes
  • Shopify Themes
  • Advertise
  • Partner

FIND US ON

  • Facebook
  • Twitter
  • Envato
  • Youtube
Designed by ThimPress. Powered by WordPress.
DMCA.com Protection Status
  • Terms & Conditions
  • Documentation