What Career Can You Have with an MS in Data Science Degree?
What is a data scientist and what does a data scientist do? Data scientists use an array of tools and methodology to analyze and interpret data. They weave together statistics, machine learning, and critical thinking processes to interpret data and extract deeper insights.
Through a rigorous course of study at Drexel’s MSDS program, students develop a comprehensive and competitive skill set, enabling graduates to explore an exciting range of data science career paths.
Potential jobs after obtaining an MS in data science include:
- Business intelligence specialist - A business intelligence specialist collects and evaluates data -- such as internal, industry-wide, and competitor data -- to help businesses take advantage of market trends more successfully. The Bureau of Labor Statistics (BLS) reports a median income of over $78,000 for business intelligence specialists.
- Data analyst - Data analysis is the practice of assessing and correlating data (including expenses, sales, social factors and more) to deliver actionable recommendations to businesses. The average annual salary for a data analyst is over $57,000 per year.
Data engineer - Data engineering involves collecting and processing information, developing databases, and performing system maintenance, among other roles. The average annual salary for a data engineer is over $90,000 per year.
- Project manager - Project management is a leadership role that involves strategically planning and carrying out a wide array of business projects, accounting for factors like budget, timeline, and objectives. A project manager generally earns anywhere from $89,000 to $134,000 per year.
Statistician - A statistician collects and presents various datasets in order to help businesses make better marketing and budgetary decisions. Statisticians sometimes serve as consultants for other companies. The yearly salary for a statistician ranges anywhere from approximately $65,000 to $85,000.
The need for data scientists spans a variety of industries that range from technology and finance to telecommunications and market research. As more and more companies attempt to harness the power of Big Data to make more informed business decisions, the demand for jobs that place a focus on data science will only increase.
The median base salary for those with a Master’s degree in Data Science is $92,500, however they have the potential to earn more depending on their level of experience. Professionals with Master’s degree in Data Science stand to make up to 36% more than others in the predictive analytics field.
Through Drexel’s unique capstone project and dual degree option, MSDS students are empowered to build robust foundations for career and professional development, while maintaining a high level of academic achievement. Successful students emerge from the MSDS program equipped to become pioneers and leaders in a diverse array of rapidly-growing global industries.
Please visit our Graduate Admissions page for admissions deadlines and requirements for the MS in Data Science program.