DATA SCIENCE: ONE OF THE FASTEST GROWING OCCUPATIONS

SAFALTA Published by: Ishika Kumar Updated Thu, 19 May 2022 05:24 AM IST

Highlights

Data science is the future of India. thinking of building your career in data science then read this complete article for more information.

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In 2017, LinkedIn labelled data science the fastest-growing job, and Glassdoor named it the best job in the United States in 2018. "The top careers right now in America include titles like data scientist, data engineer, and business analyst," according to a recent PriceWaterhouseCoopers research.
A data scientist degree from California University of Pennsylvania can help you start a professional path in the rewarding and in-demand field of data science.
 

1.Job Growth Statistics in Data Science Careers-

There are numerous compelling reasons to pursue a data science and statistics degree from Cal U, but probably the most compelling is the field's current job boom. As a data science and statistics student, you'll be laying the groundwork for a career that includes:
Since 2012, job growth has increased by 650 percent (source: LinkedIn).
By 2026, 11.5 million new employment are expected (source: U.S. Bureau of Labor Statistics).

The average annual salary for a data scientist is $120,931 (source: Glassdoor), with an average salary of over $84,000 per year for 14 specific data analysis and data science careers linked to Cal U's statistics and data science degree programme (source: Pennsylvania's State System of Higher Education).
According to a recent LinkedIn research, the fastest-growing careers in data science and data analysis are:

8X job increase for Machine Learning Engineers. According to Payscale, the average pay is $100,956.

5X job growth for data scientists.

Source: SAFALTA

According to Glassdoor, the average compensation is $120,931.

7X job growth for Sales Development Representatives. According to Glassdoor, the average pay is $47,973.

Customer Success Manager: Job growth of 6X, with an average income of $78,818 according to Glassdoor.

Big Data Developer: 5X job growth, with an average compensation of $85,000 according to PayScale.

Full Stack Engineer: 5X job growth, with an average compensation of $104,463 according to Glassdoor.

Unity Developer: 1X job growth, with an average annual compensation of $83,318 according to PayScale.

Director of Data Science: 9X job growth, with an average income of $158,911 per year according to PayScale.

Full Stack Developer: 5X job growth, with an average compensation of $76,063 per year according to PayScale.

2. Employment Gap Statistics in Data Science Careers
 

Graduates of Cal U's data science and statistics programme will have an advantage in that there are more available jobs than competent applicants to fill them. "The shortage of data scientists is becoming a severe limitation in several areas," according to the Harvard Business Review.
 
Furthermore, Cal U data science and statistics majors stand out from their peers in job applications since our bachelor's degree in data science and our certificate programmes in data science prepare students to pursue the SAS Certified Big Data Professional accreditation.

Among the job prospects open to you as a data science and statistics major are:

In 2020, there are expected to be 2.7 million open positions in data analysis, data science, and related fields (source: IBM).

Employer demand for data scientists and data engineers is expected to climb by 39% by 2020. (source IBM).

A possible annual salary of $8,736 higher than any other bachelor's degree employment (source: IBM).

IBM forecasts the following new career prospects for data scientists and analysts:

Finance, information technology (IT), insurance, and professional services will account for 59 percent of all occupations. Finance and insurance account for 19 percent, professional services for 18 percent, and information technology for 17 percent.
Bachelor's degree holders will be eligible for 61 percent of data scientists and advanced analytic positions, while master's degree or Ph.D. holders will be required for 39 percent.
Positions in data science and data analysis are open for 5 days longer than the average for all other jobs, indicating that these professions have less competition and recruiters must work harder to locate competent individuals.
 

Is data science in demand in future?

Data scientists will be in great demand as we move towards 2020 and the following years. As you consider how to shape your education and knowledge base, keep in mind that a very particular, highly specialised skill set is becoming increasingly in demand.

Is data science still in demand 2022?

Data from Glassdoor shows that the number of data science job postings has been steadily increasing between 2016 and 2021. Already, in 2022, there is a 70% increase over 2021, although the year has just just begun.

Is data science a good career 2022 ?

In 2022, Data Science will be the most popular and in-demand topic among young people. Numerous statistical methodologies are used in data science. Data transformations, data modelling, statistical operations (descriptive and inferential statistics), and machine learning modelling are all examples of these methodologies.

Is data scientist a good job in India?

According to a recent poll conducted by The Hindu, over 97,000 data analytics positions are unfilled in India due to a shortage of qualified individuals. Last year, the usage of data analytics in practically every industry contributed to a 45 percent growth in overall positions related to data science.

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