Data Scientist Salary Analysis
Whether you’re looking for a career as a Data Scientist or are a hiring manager looking for data talent, with Motion’s 2024 Tech Salary Guide you can better understand the market and what data scientists should be paid.
Overall, the salary for a data professional is increasing about 3.5% year-over-year. To get the full picture of the Data Science market, download Motion’s 2024 Tech Salary Guide today.
Data Talent Continues to Be in High Demand,
Despite layoffs at the start of the year, businesses in the United States are still seeking top data science talent. In the next 8 years, the Bureau of Labor Statistics estimates a 35% increase in data jobs, but only a fraction of that is mirrored in the estimated talent pool to increase supply. This increasing need highlights the lack of workers with the necessary data science skills companies need.
Data Scientists' Salary Growth Slows.
With the continued economic uncertainty, Data Scientist salary increases are more modest throughout North America this year - more than the 2% national average, but still under 4% increase going into 2024. However, the low unemployment rate of Data Scientists shows that the industry should further grow in the future - especially with 18,000 open data jobs to fill at any given moment.
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One Sheeters
"With newer industries like autonomous tech raising already high demand for data talent, companies need to offer above-market pay rates or a great work/life balance. Hiring managers may have to prioritize “needs” vs. “wants” and be flexible when it comes to hiring the specialized talent they need to complete projects on time."
Matt Najera
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VP of Enterprise Client Solutions, Motion Recruitment
