Last Updated on September 30, 2022
The demand for data scientists by private and public sectors, businesses and organizations alike makes it a trending job role for lots of youngsters. All over the world data science is being utilized for running business and economic activities in various companies and organizations which make the profession a highly demanded on and as such these companies are willing to pay high wages to these experts.
In this article we shall be considering the top 10 highest paying countries for data scientist that will assist you in erasing all doubts you may be having in choosing the best country where you would like to pursue a career as a data scientist.
But before we delve into the list we shall briefly consider some essential details in the course of this article which includes; what is data science, who are data scientists, the job/responsibilities of data scientists, skills required for this profession, and the qualifications for working in any of the countries we shall be considering. Keep reading for more information!
Table of Contents
What is Data Science?
Data science is a field of study that combines the knowledge of math and statistics, domain expertise, programming skills artificial intelligence, and computer engineering to analyze large amounts of data and derive meaningful information for businesses that requires them. These insights can be utilized as a guide in decision making and strategic planning.
Who are Data Scientists?
A data scientist is a professional that employs advanced analytics technology in determining trends and offer automated recommendations. Data scientists can seek employment in both private and public sectors, in information technology departments, institutions, banks, or consulting firms as the case may be.
What are the responsibilities of Data Scientists?
Data scientists are important professionals that perform vital roles that can determine the success of an organization. These responsibilities carried out by data scientist include:
- Identifying relevant data sources that are required for business needs.
- They collect structured and unstructured data.
- Organizing data in to usable formats
- Building predictive models
- Building machine learning algorithms
- Enhancing the data collection process
- They are responsible for processing, cleansing and verification of data.
- Analyzing data for trends and patterns and to find answers to specific questions
- Data scientists develop data infrastructure
- Sourcing missing data
- Assess quality of data and remove or clean data
- They develop information and insights from data sets and identifying trends and patterns
- Develop, implement and maintain databases
- Preparing reports for executive and project teams
- data scientist also create visualizations of data
Skills required in becoming a Data Scientist
If you want to pursue a career as a data scientist the following skills are required in this lucrative career path to aid you for success, productivity and to function efficiently in any given task. They include:
- Statistical analysis and computing skills
- Machine learning skills
- Deep learning skills
- Great Data intuition skill
- Processing large data sets
- Problem-solving skill
- Data Visualization skills
- Mathematics and Statistical skills
- Programming skills
- Strong Business Acumen skills
- Strong Communication Skills
- Data wrangling skills
Qualifications for foreigners to work abroad as a Data Scientist
If it’s part of your dream to work as a data scientist in foreign countries, you should consider making provision of the following essential documents to guarantee your qualification in working abroad and having an exciting work experience. These include:
- Medical certificate
- Passport
- Visas
- Resident permit
- Accommodation
- work permit
- Bank account/credit card
Having being acquainted with the skills required, the qualifications for working abroad, what data science and who a data scientist is. Let’s now dive into listing the countries with high pay for data scientists. In no particular order we shall consider the lists of the top 10 countries with highest pay for data scientists.
Top 10 Highest Paying Countries For Data Scientists
1. Israel
The IT hub in Israel by name “Tel Aviv”, create job opportunities for both amateur and experienced data scientists. The total annual salary of data scientist’s professionals that operates in Israel is $88,000.
2. Australia
Australia is one of the top 10 highest paying countries for data scientists when consider working as a data scientist in countries that pays data scientists high. As a data scientist in Australia you can earn up to$92450 per year as the average annual salary.
3. Netherlands
Netherlands provides crucial positions for beginner data scientists to master and explore more about the field. The total average annual salary for data scientists in the Netherlands amounts to $75,000.
4. Canada
Canada is one of the reputable places in the world that practices and operates on high technologies that provide jobs and several opportunities for data science enthusiasts. You can earn an average annual salary of $81,000.
5. United Kingdom
UK is also one of the top countries that come to mind when searching for the top 10 highest paying countries for data scientists. The average annual salary for data scientists’ career in the UK amounts up to $66,000.
6. United States
The United State is known as one of the countries with high pay for data scientists. Due to the influx of data scientists from other countries justified this fact. Data scientist in US can earn an average annual salary of $120,000 which can be high with respect to position held and experience.
7. Japan
Working as a data scientist in Japan can fetch you an average annual salary of $70,000. This amount is specific for entry-level, while experienced professionals in the field can earn average monthly salary of JPY825, 000.
8. Germany
An individual working in Germany as a data scientist can earn up to $88,000 at the average annual salary. It is also one of the top 10 highest paying countries for data scientists.
9. Italy
Data scientists job in Italy is a considered a very promising career for anyone who desire to pursue a career in this field. As a data scientist working in Italy you can earn up to $60,000 every year as the average annual salary.
10. France
France is also one of the top countries where data scientists are highly paid. Data scientists in France can earn up to $86,399 as the average annual salary.
Conclusion
Data scientist is a very promising career to desire as the world is gradually going digital and more companies and businesses are evolving and gaining insight on the importance of data. Therefore, the need for these skilled professionals who can understand data and assist them grow their businesses to attain their desired aim and objective to yield success become crucial. The list of the top 10 highest paying countries for data scientists will serve as a guide in making the perfect choice in pursuing a career in this field.