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What does a Data Scientist do?
Data Scientists use coding and other computer programming tactics to automate data collection and storage tasks. They may work closely with company departments or even create a system for storing collected information within their databases. Data Scientists help companies by providing them with valuable insights into how to improve their business operations.
What are the duties and responsibilities of a Data Scientist?
Data Scientists are responsible for leveraging their programming skills to develop automated systems that help companies improve business operations. Their duties include collecting raw data from different sources; this entails analyzing results or creating new studies and transferring it into an appropriate format which is then analyzed. In addition, they must work closely with other departments and make decisions about where data should go and what information is needed - all while following relevant guidelines set forth by law or regulation.
What makes a good Data Scientist?
Good Data Scientists are the bridge between business and data. They must have a deep technical understanding of how to communicate complex data in an accessible way while also having the ability to visualize their findings. A good data scientist will also possess excellent writing skills and analytical and problem-solving skills.
Who does a Data Scientist work with?
A Data Scientist typically works within an organization or business alongside a team of other Data Scientists to analyze various amounts of data. They may report their progress and findings to higher-ups, such as a Lead Data Scientist.
What Companies Hire Data Scientist?
How Much does a Data Scientist Make?
The average Data Scientist in the US makes $128,789. The average bonus for a Data Scientist is $10,584 which represents 8% of their salary, with 60% of people reporting that they receive a bonus each year. Data Scientists make the most in Seattle at $147,235, averaging total compensation 14% greater than the US average.
Salary Ranges for Data Scientist's
The salaries of Data Scientists in the US range from $42,000 to $390,000 , with a median salary of $124,250 . The middle 57% of Data Scientists makes between $124,500 and $212,000, with the top 86% making $390,000.
How much tax will you have to pay as a Data Scientist?
For an individual filer in this tax bracket, you would have an estimated average federal tax in 2018 of 24%. After a federal tax rate of 24% has been taken out, Data Scientists could expect to have a take-home pay of $103,590/year, with each paycheck equaling approximately $4,316*.
note: * assuming bi-monthly pay period. Taxes estimated using tax rates for a single filer using 2018 federal and state tax tables. Metro-specific taxes are not considered in calculations. This data is intended to be an estimate, not prescriptive financial or tax advice.