Whether you are changing careers or chasing a promotion in your current one, getting the timing right for taking the leap and pursuing professional development training is a delicate calculation. It is important that you have confidence in the path you’ve chosen, both for your own peace of mind and to ensure that you are able to fully commit to your new goal.
For those interested in pursuing a career as a data scientist, the timing has never been better. Read on to find out why today’s outlook for careers in data science is so positive.
Take Advantage of the Growing Number of Data Science Jobs
As any data scientist knows, the numbers don’t lie. When it comes to the number of data scientists demanded by employers, the truth is far from hurtful. In 2012, the Harvard Business Review declared that a data scientist was the sexiest job of the 21st century, and with nearly 80% of data scientists reporting a shortage of qualified professionals in their field, it’s easy to see why. According to a recent Glassdoor report, there are more than 4,000 openings for data scientists in the USA, and the global demand for data scientists is expected to overtake supply by 50% by 2018. In short, data scientists are in demand, and this is not likely to change soon.
There are many job opportunities for professionals with data science expertise
Data Science Fundamentals Are Useful Across Sectors
One reason that the demand for data scientists is so high is that virtually every sector of the economy has use for them. While you might typically pair data scientists with the area of business analytics, their skills are needed in the public and non-profit sectors as well. For instance, data science is hugely beneficial to the healthcare industry, with potential applications in clinical care, patient experience, claims management, and research and development. Studying data science fundamentals can complement a diverse range of industry expertise.
Gain skills that are in demand regardless of industry when you study data science
Become a Data Scientist and Boost Your Salary Potential
Finally, a practical reason to take advantage of today’s professional climate and become a data scientist is the excellent salary prospects. Due to the combination of the advanced skills required for the job and the high demand for qualified professionals, data scientists are generally highly compensated. As of early 2017, the median salary for American data scientists was more than $120,000, and ranging from £55,000-£100,000 in the UK. The high range of the data science pay scale makes it clear to see how easily the investment in data science training can pay off—for your finances and for your career.
Are you ready to study data science online?
Contact the Southampton Data Science Academy to learn more.