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What does a Data Scientist earn?

08/31/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The salary of a Data Scientist can vary widely depending on several factors such as location, experience, education, industry, company size and area of responsibility. Data Scientists are highly skilled professionals who analyze data to identify insights, patterns and trends to make better business decisions. Here are some rough benchmarks for Data Scientist salaries in different regions:

Europe:

Entry or Junior Data Scientist: €30,000 - €50,000 per year

Experienced Data Scientist: €50,000 - €80,000 per year

Senior Data Scientist or Subject Matter Expert: €80,000 and above per year

USA:

Entry or Junior Data Scientist: $60,000 - $90,000 per year

Experienced Data Scientist: $90,000 - $120,000 per year

Senior Data Scientist or Subject Matter Expert: $120,000 and up per year

These numbers are general estimates and can vary widely by region and specific factors. It's also important to note that demand for Data Scientists is high in many industries, which can affect salaries. Some industries that rely heavily on data analytics, such as technology, finance, healthcare, and e-commerce, often offer higher salaries for Data Scientists.

In addition to base salary, Data Scientists may also benefit from bonuses, stock options, or other forms of compensation. It's a good idea to consult current data from salary surveys, professional associations, and industry sources to get an accurate picture of salaries for Data Scientists in your region and industry.

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