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As a data scientist, you are responsible for collecting and analyzing data for your company.
to evaluate. The average salary for data scientists is between 60 thousand and 80 thousand euros per year. But how high is a data scientist salary when starting a career and is it worth going abroad for the job?
This is difficult to generalize, as many factors influence how much you can earn - such as the industry, your experience or simply the size of your employer's company. You can find out all the details about the Data Scientist salary in our article.
By the way: If you are interested in further training to become a data scientist, you can do so thanks to education voucher even free of charge under certain conditions.
What is a Data Scientist salary?
The salary range for data scientists is wide. While Bachelor graduates in Germany with an annual salary between 44,000 euros and 52,000 euros can calculate, a job in America can average around 96,000 dollars.
But academic further training also has a positive impact on your salary: with a Master's degree annual salaries in the amount of up to 57,000 euros retrieve, with a Promotion even up to 67,000 euros. In addition to the region and your degree, other factors also influence your salary.
Starting salary as a data scientist: know your worth!
If you are preparing to start as a data scientist, it is important to know the different
factors influencing your salary. Here in Germany, the Data Scientist starting salary ranges from on average between 44,000 and 60,000 euros per yearThe choice depends on sectors, regions and company sizes.
Your individual qualifications, professional experience and negotiation skills also have an influence on how high your remuneration will ultimately be. But what exactly does that mean in figures?
Data Scientist salary after graduation & experience
The Training and experience factors are probably the ones that you influence the most.
and which can also be significantly reflected in your salary:
With a Bachelor's degree At the start of your career, you can earn a salary of 44,000 euros.
up to 52,000 euros. They are correspondingly higher if, in addition to your
have already worked as a student trainee or have relevant internships. Do you already have a Master's degreeyou are in the salary range between 48,000 euros and 57,000 euros.
Certified further training are also positively noted as experience. You can find these, for example, at StackFuel: The 100 % remote Data Scientist Course offers you the opportunity to consolidate and expand your Python skills completely flexibly alongside your work or full-time.
Salaries for data scientists are particularly attractive with with promotion. Your doctorate will earn you an average annual salary of 63,000 to 67,000 euros, and in some cases you can even find jobs for up to 71,000 euros.
How much does a data scientist earn in different industries?
Contrary to what one might expect for a data scientist, it is not the
insurance industry has the highest starting salary, but the Automotive industry. Here
The remuneration for career starters is just under 60,000 euros, while in the
Insurance salaries average 55,000 euros at the start of the career.
However, the lowest earnings of 49,000 euros for a career starter are in retail. The difference in remuneration can vary by up to 10,000 euros, depending on the industry. In our overview you will find the average salary of Data Scientists in different industries.
Data Scientist salary by company size
In addition to your choice of industry and the degrees and references you can provide, the
Data Scientist starting salary also depends on the size of your future employer.
Large companies, especially in the technology sectortend to do so,
offer more competitive salaries, while smaller start-ups tend to offer lower salaries.
pay starting salaries. In return, you usually have the opportunity to contribute more intensively and
actively shape the company.
Data Scientist salary Germany and abroad
At the beginning of the article, we teased that it may be worthwhile to pay for a better
payment to go abroad. But Even within Germany, you can change your
Starting salary can differ by up to 15,000 euros per yeardepending on the region.
One of the reasons for this is that the federal system in Germany means that salaries and the cost of living vary from region to region.
Data Scientist Salary Berlin, Hamburg and Baden-Württemberg
The top German state for starting salaries is Hessewith an amount of almost 60,000 euros. This is followed by Baden-Württemberg with 58,000 euros and Hamburg with 56,600 euros. The salary of a data scientist in Berlin settles in the middle at around 50,700 euros.
Lower salaries are paid in the new federal states in particular, with Mecklenburg-Western Pomerania bringing up the rear at around 44,500 euros. However, with around 400 vacancies across Germany, your choice is broad (as of March 2024 at Stepstone).
How much does a data scientist earn in other European countries?
Internationally, the European average is slightly lower than in Germany. According to Indeed, starting salaries in Spain are around 34,000 euros, while in France they are as high as 46,300 euros per year.
Metropolitan regions are again an exception - in the greater Munich area, for example, an above-average EUR 63,900 is paid for the federal state of Bavaria. London is also above the European average at EUR 58,000.
Data Scientist salary in the USA
Even greater leaps in salary can be seen in the USA, where Starting salaries already between 62,000 dollars and 86,000 dollars that is between 56,000 and 78,500 euros (exchange rate as at March 2024). Even if this is well above the European average, it should always be noted that the cost of living in the USA is significantly higher than here.
How does the data science salary develop with professional experience?
You've got your start - but what happens next? As your professional experience increases, so does your data science salary. Experienced data scientists often have a deeper insight and better understanding of complex data problems.
This enables them to plan better strategically and thus make better decisions. In concrete figures, this means that you can already after two years in the role of Junior Data Scientist, an average salary of 58,300 euros can earn.
As a professional You are considered to have between three and five years' experience. Here are remunerations between 60,100 euros and 74,600 euros the rule.
With five or more years of professional experience, you can apply for positions as a Senior Data Scientists apply. The latter has extensive knowledge of data analysis and machine learning, which makes him Salaries of up to 85,500 euros qualified.
If management experience is added to this, the Lead Data Scientist salary can be even more generous.
Average Data Scientist salary by professional experience:
Also as Data Scientist lateral entrant the starting salaries are worthwhile. Depending on your industry experience and technical skills, you can earn up to 64,500 euros per year without training. Are you curious about how to become a data scientist? In our Blog we will show you what the tasks of a data scientist are and how you can become one yourself.
Conclusion: This is how your data science salary is structured
- The salary range for a data scientist is between 44,000 euros and 100,700 euros
- Your salary is influenced by many factors, including your degree and other
- Experience, the industry and region of your employer and the size of the company
- You can influence your salary through further training and professional experience
The average Data Scientist salary in Germany is 63,500 euros per year, which corresponds to a gross monthly income of around 5,100 euros. With appropriate professional experience and management responsibility However, this salary can also be increased to up to 100,700 euroswhich corresponds to a monthly gross salary of around 8,400 euros.
So that you can increase your income, it is worthwhile, for example Online training. With the qualification for Data Scientist with focus on Python from StackFuel, you can use your
Deepen your knowledge of the programming language. This will enable you to process data on the fly.
easy to interpret and explain to your bosses. With an education voucher
the course is also completely free for you!
With the Selection of the company location you still have an influence on your salary.
The size of the company also has a positive effect on your remuneration. The most
but you can influence your salary through further training and experience. We are happy to accompany you
on the way and prepare you with the offers of StackFuel perfectly to your
Career as a data scientist!
Our training programs.
Data Analyst
Data Scientist
Sources
Stepstone (2024): "Data Scientist Jobs“ [12.04.2024]
GetinIT (2023): "Your salary as a data scientist“ [12.04.2024]
Transparency note: All figures are rounded median values and are paid by around 50 percent of employers. Lower and higher salaries can always be paid in reality, we always recommend that you have a specific salary discussion with your future employer.
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