Data Scientists vs Financial Analysts salary

Based on data from the US Bureau of Labor Statistics, on average, Data Scientists make $108,660 annually, while Financial Analysts make $103,020 per year. As a result, these two professions have salaries that are similar.

Nevertheless, it's worth mentioning that factors such as location, experience, and the specific workplace can affect salary. As an example, Data Scientists in Washington may have higher earnings (averaging $133,900 per annum) compared to those in West Virginia ($64,360). As another example, the average pay of Financial Analysts in New York is 84% higher compared to those in Utah.

Data Scientists vs Financial Analysts overview

Data Scientists and Financial Analysts are essential to the Professional, Scientific, and Technical Services industry. Many people are interested in understanding the differences between these jobs, as well as the average salaries for each.

Data Scientist job description

Alternative names: Data Analysts, Machine Learning Engineers, AI Engineers

Data Scientists develop and implement a set of techniques or analytics applications to transform raw data into meaningful information using data-oriented programming languages and visualization software. Apply data mining, data modeling, natural language processing, and machine learning to extract and analyze information from large structured and unstructured datasets. Visualize, interpret, and report data findings. May create dynamic data reports.

Data Scientist average salary

According to data from the US Bureau of Labor Statistics, the number of Data Scientists employed by the United States in 2021 was 105,980, and they earned an average of $108,660 per year. The bottom 10 percent had a salary of $59,430 or less, and the top 10 percent had a salary of $167,040 or more.

Do Data Scientists make good money?

Data Scientists are typically paid well, since their mean salary is 87% above the average pay in the United States ($58,260). Moreover, they make 19% more than the mean salary of the Professional, Scientific, and Technical Services industry ($91,150).

Data Scientists are typically paid well, since their mean salary is 87% above the average pay in the United States ($58,260).

Financial Analyst job description

Alternative names: Financial and Investment Analysts

Financial Analysts conduct quantitative analyses of information involving investment programs or financial data of public or private institutions, including valuation of businesses.

Financial Analyst average salary

According to data from the US Bureau of Labor Statistics, the United States had a workforce of 291,880 Financial Analysts in 2021 and the mean income they earned annually was $103,020. The lowest earning 10 percent made $57,900 or less, and the highest earning 10 percent made $166,560 or more per year.

Do Financial Analysts make good money?

The average salary of Financial Analysts is 77% higher than the average salary in the United States ($58,260). In contrast, they earn 13% less than the average pay of the Securities and Financial Investments industry ($119,040).

The average salary of Financial Analysts is 77% higher than the average salary in the United States ($58,260).

FAQ

Do Data Scientists or Financial Analysts make more?

These two professions have salaries that are similar. The average annual salary for Financial Analysts is $103,020, compared to $108,660 for Data Scientists.