Mathematicians vs Data Scientists salary

The US Bureau of Labor Statistics has reported that Mathematicians have an average annual salary of $112,430, while Data Scientists earn an average of $108,660 per year. This indicates that the salaries for these two occupations are similar.

However, it's worth noting that salaries can vary depending on factors such as location, experience, and the specific setting in which the employee works. As an example, Mathematicians who work in Washington DC (with an average salary of $143,060) may earn more than those who work in Nevada ($77,910). And Data Scientists in Washington earn 108% more on average than those in West Virginia.

Mathematicians vs Data Scientists overview

Mathematicians and Data Scientists are crucial to the Professional, Scientific, and Technical Services industry. Many people are interested in understanding the distinctions between these job titles, including the average earnings for each of them.

Mathematician job description

Mathematicians conduct research in fundamental mathematics or in application of mathematical techniques to science, management, and other fields. Solve problems in various fields using mathematical methods.

Mathematician education and experience

The majority of Mathematicians (50%) have obtained a Doctoral Degree. However this occupation also includes some employees who have a Master's Degree (25%) and a Bachelor's Degree (8%). In terms of experience, about a third of Mathematician jobs require no previous experience. A smaller percentage of jobs (29%) require a previous experience of 1 to 2 years.

Mathematician average salary

According to the US Bureau of Labor Statistics, there were 1,770 Mathematicians employed in the United States in 2021, and they earned a mean annual income of $112,430. The bottom 10 percent had earnings of $61,760 or less, and the top 10 percent had earnings of $169,500 or more.

Do Mathematicians make good money?

Mathematicians are usually paid well, as their average salary is 93% higher than the average wage in the United States ($58,260). Additionally, they earn 66% more than the average wage of the Federal, State, and Local Government industry ($67,800).

Mathematicians are usually paid well, as their average salary is 93% higher than the average wage in the United States ($58,260).

Mathematicians job growth

The demand for Mathematicians in the workforce has decreased in the last two years. In 2021, there have been 690 less positions than the previous year nationwide, which marks a decrease of 28%. The average job growth over the past 3 years has been -10.9%.

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

As reported by the US Bureau of Labor Statistics, in 2021, the number of Data Scientists employed in the United States 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).

FAQ

Do Mathematicians or Data Scientists make more?

The salaries for these two occupations are similar. The average annual pay for Data Scientists is $108,660, while Mathematicians earn $112,430 per year.