What is the average salary for data scientists in Canada?
The job market for data scientists has never been better, whether in Canada or anywhere else in the world. There are a myriad of reasons why hiring a data scientist today will only be beneficial for you in the long run.
The job itself is incredibly flexible, allowing data scientists to work remotely and even independently, i.e., on a freelance basis. The career sector itself is currently quite promising. In fact, it is one of the most promising career fields out there with a tonne of options.
Along with a rather spectacular work environment, data scientists and data analytics professionals typically earn above-average median salaries, especially at entry-level positions. The majority of the world’s population is now connected to the internet, which means that there is more raw data on the internet than ever thanks to technology’s rapid advancement and new heights it reaches every day.
The market’s sudden expansion and demand for data scientists and analytics were precisely defined by this. So much so that experts predicted a 500% increase in demand for data scientists in recent years, which has led to corporations paying high wages to data scientists because there is a shortage of these professionals. In addition to the advantages listed above, the discipline of data science also offers a number of other advantages. To name a few, here are some:
- There is a lot of room for advancement in your career.
- Work that is satisfying and centred on the topic, with a good balance of interpersonal and technical aspects.
- Many other employment categories might easily benefit from technical expertise.
- Flexible work from home options.
- There are no imposed qualifications.
- Data science education is readily available.
- incredibly varied roles.
To put it simply, Canada has one of the strongest economies in the world, delivering the finest living standards as well as employment prospects in the aforementioned industry. Newbies to the field have the chance to flourish and merely exceed in such a supportive setting. The following are some additional advantages of the nation: The highest average wage of any country.
- Demand has increased by four.
- There are several opportunities.
- Lots of room for growth and investigation.
- Flexibility
Here are the 10 industries where data scientists and analysts are most in demand.
- Healthcare and pharmaceuticals
- Internet industry
- Marketing- Advertising
- Automotive Industry
- Telecommunications industry
- Retail Industry
- Finance and banking
- Entertainment and Media
- Education
- Outsourcing industry
- Finally, the government
Data science salaries in Canada
The size of the data science area demands the establishment of a hierarchical structure. There are many employment roles one can hold within the sector, and it goes without saying that each role has a different pay scale. Here are a few
- Business Analyst–$ 78,574/year
- Data Scientist – $120,000/year
- Business Intelligence Analyst – $ 77638 /year
- Data Architect – $81,000/year
- Business Intelligence Developer – $ 81945 /year
- Application Architect – $110,000/year
- Data Engineer – $ 120,000/year
- Machine Learning Engineer – $ 140,000/year
- Data Scientist – $107,500/year
- Machine learning scientist – $ 162,625/year
- Data Analyst – $ 60,416/year
- Data Mining Engineer – $ 80,673/year
Data scientists have undoubtedly climbed a ladder that only leads up, given their broad range and high demand!
