data science market outlook

Posted

We continue to be bullish on the 2023 data science job market. Despite concern about an economic downturn, we are still seeing strong demand for this type of talent. In an informal survey of clients, we found that hiring will continue to be robust for at least the next 12 months.

 

2023 Salaries

Senior Analyst – $100,000 – $120,000
Analytics Manager – $120,000 – $140,000
Director of Analytics – $140,000 – $170,000
VP of Analytics – $180,000 – $200,0000

 

The surprise to some candidates is that even at the Director level in the 2023 data science job market you are required to do hands-on analytics work. The difference as you move up is gaining strong managerial experience and acquiring the ability to effectively present to key stakeholders.

 

2023 Most In-Demand Jobs

#1 Data Scientist
#2Machine Learning Engineer
#4 Market Analyst

 

2023 Skills Needed For These Jobs

Python, R and SQL
Applying Statistics
Building Predictive Models
Working with Large Datasets

 

What’s with the wide salary band?

Data Scientist – $80,000 – $200,000

To achieve the higher compensation in the 2023 data science job market requires very niche in-demand skill sets such as natural language processing, text mining, computer vision or experience in Artificial Intelligence.

 

Data Engineer – $80,000 – $140,000
Senior Data Engineer – $140,000 – $200,000
Machine Learning Engineer – $ 120,000 – $200,000

As data continues its explosive growth the demand for in-house data engineers has also grown exponentially. The short supply of candidates has driven up salaries for the most talented engineers.

 

 

Interested in discussing your career path or in hiring a top-knotch data scientist? Contact Smith Hanley’s Data Science and Analytics Executive Recruiters.

Paul Chatlos & Nancy Darian

Executive Recruiters
Data Science & Analytics

Smith Hanley Associates

pchatlos@smithhanley.com
ndarian@smithhanley.com
203.319-4300 x215 & 847.773-7210


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