A data scientist is responsible for analyzing large data sets to find trends and insights. In this video, we'll cover what a data scientist does and the skills you need to become one.

Data Scientist Role

A data scientist collects and analyzes large data sets, using statistical techniques to interpret analysis results and present them using data visualization techniques. They utilize this data to understand industry trends and develop business insights. They use predictive modeling to present solutions to business challenges and provide valuable business intelligence which can inform business decisions and improve business outcomes.

 

Salary Range

  • $50k-250k per year salary based on experience (USD)

  • Average salary for a Data Scientist is $95k per year (USD)

  • Average hourly pay is $45.67 per hour (USD)

 

Similar Job Titles

  • Business Intelligence Developer

  • Data Analyst

  • Data Analytics Analyst

  • Data Analytics Specialist

  • Data Architect

  • Data Engineer

  • Data Storyteller

  • Database Administrator

  • Machine Learning Engineer

  • Machine Learning Scientist

Job Duties

  • Design data modeling processes, build predictive models and algorithms, and perform analysis to understand industry trends and consumer behavior

  • Use data mining techniques to collect raw data and analyze, process, and model the data

  • Use a variety of statistical techniques to interpret data and create actionable solutions and plans

  • Communicate results of analysis to inform business performance and decision-making processes

  • Guide big data strategy to develop new ideas and products

 

Industries

  • Information Technology

  • Banking & Finance

  • Retail

  • Transportation

  • Education

  • Manufacturing

  • Media/Entertainment/Communications

  • Government

  • Energy & Utilities

  • Healthcare

Education

Most entry level data scientists will need a bachelor’s degree in data science, IT, computer science, machine learning, statistics, mathematics, economics, or a related field. Many positions may require a master’s degree.

 

Locations

  • New York

  • Massachusetts

  • New Hampshire

  • New Jersey

  • Connecticut

  • Vermont

  • Pennsylvania

  • Remote

Data Scientist Job Description

The data scientist generates actionable insights that can be applied in a variety of ways, from data analysis to data visualization. A data scientist plays a strategic role in understanding how to find the best approach to solve complex business issues and achieve desired business outcomes.   

A data scientist uses unstructured and unrelated data sets to generate independent business insights and to create manageable analysis processes within a data analytics department. The lead data scientist is responsible for leading the data science team, which may include data analysts and other data specialists. They build analytical models and use big data sources in a wide variety of forms. A data scientist job description includes cleaning up large, unstructured data, identifying data analytics problems, and building analytical capabilities to query the data for insights.    

The job descriptions for data science professionals include working with a variety of big data sets, such as EMR/EHR, claims data, and supply chain data. Data science projects can also include developing analytical products and leveraging the powerful scientific knowledge developed by the company’s data science team. They are also involved in identifying and managing challenges in data development within the company, and then implementing data science solutions such as data collection, exploratory data analysis, and data visualization.

Data analysts combine consumer-oriented business knowledge with computer and data technologies to draw insights for the company and achieve a higher impact in their business endeavors. The data scientist is responsible for advising companies and key stakeholders, providing new insights into their mission, and developing solutions that enable improved business performance. The data scientist plays a key role in supporting businesses by planning projects to analyze data and develop and implement data science solutions such as data mining and data visualization.

The data scientist must stay at the forefront of industry trends to make practical and insightful business recommendations. Data scientist responsibilities include deciphering large amounts of data and conducting detailed analysis to identify industry trends and interpret them in a meaningful fashion. They analyze complex data sets to filter out insights that companies can put into practice. Data scientists work in companies across the IT world with a focus on data science, analytics, and data visualization. 

Depending on the company, a data scientist can be expected to perform a variety of tasks, such as collecting, organizing, and analyzing structured and unstructured data. The data scientist differs from a data analyst or engineer in their ability to guide a company's big data strategy by asking the right questions and using the answers to develop new ideas, products, and services. A data scientist job description usually includes supporting product management and marketing campaigns using insights gained from data processing and analysis.

Those interested in a data science career will need a good understanding of data science, analysis, and visualization. Companies that want to hire data scientists expect potential candidates to perform statistical analysis and uncover vast amounts of information to make smarter decisions and deliver better products. Other key skills include critical thinking and problem solving. Soft skills like written and verbal communication skills, interpersonal skills, and good listening skills will also help aspiring data scientists excel in their careers.

In addition to understanding how to manipulate data, data scientists need to be familiar with SQL databases such as SQL Server and SQL Database Management System. SQL is the foundation for a career in data science and analysis, which requires the ability to create data visualizations with software such as Tableau. Programming skills should include proficiency in key programming languages such as Python and R. Other key skills for data scientists include a solid understanding of statistics and mathematics, as the analysis of data requires knowledge of statistical models.

In addition to extensive experience analyzing data, data scientists can also build and deploy prediction models, which often involve machine learning and deep learning protocols. They should have knowledge of machine learning techniques and machine learning algorithms and are also expected to understand how models are built, implemented, and used, and how algorithms and simulations are used and created.

Although data scientists are not data engineers, they should understand how databases are built and how data is extracted from them. They must also have knowledge of models that approximate the current and future environment and fit well with the data being analyzed. These models require fine-tuning, which relies on the mathematical expertise of data scientists.

The data scientist is usually expected to be able to work with large amounts of data gleaned from multiple sources to find ways to increase the effectiveness of the company's actions. The majority of employers expect data scientists to have strong technical skills and a high level of expertise in the areas of data analysis, data science, and data visualization. Experience with machine learning techniques and advanced statistical techniques is also desirable for those working in the data science field.

data scientist job questions

Data Scientist Job FAQs

 

What Is a Data Scientist?

Data scientists use a combination of computer science, modeling, statistics, analytics, and math skills to uncover answers to critical questions that need objective decisions.


Is Data Scientist a Good Career?

For those who can actually obtain this expertise, this is one of the most highly sought-after roles in modern business. Companies make data-driven decisions and data science is the critical component of this.

What Skills Are Needed to Be a Data Scientist?

Python programming, R programming, Hadoop, SQL, Machine Learning, Artificial Intelligence (AI), Data Visualization, and Comprehensive Business Mastery.

How Do I Become a Data Scientist?

Earn a bachelor’s degree and master’s degree in Information Technology (IT), computer science, math, physics, or another data-centric field. Gain business knowledge in the industry you intend to work in.

Do Data Scientists Get Paid Well?

Data Scientists are paid extremely well and are typically six-figure earners. People are paid in proportion to the size of the problems they solve and data scientists solve big problems for organizations.

Which Degree Is Best for Data Scientist?

An undergraduate degree in data science if possible, otherwise computer science, math, physics, or a highly analytical area of study. Most data science careers will also require a master’s degree.


How Many Searches for Data Scientist Happen Each Month?

Data Scientist has approximately 74,000 search volume (SV) per month on Google according to an independent study conducted by redShift Recruiting.

There are approximately 6,600 candidates per month searching for this position that we can confirm.

There are approximately 2,400 employers per month searching for this role’s job description that we can confirm.

This does not include other major job board data, and only considers natural occurring Google search volume estimates.


How Many Data Scientist Jobs & Job Seekers Are There?

According to Indeed Hiring Insights (May 2021): there are 9,112 open jobs posted by 2,858 employers hiring for 174,689 candidates looking inside the USA.

This means there are 19 job seekers per job on average for this tech position.