Stanford Law School vs Stanford Graduate School of Business – here’s a look at their paychecks
BY Meghan MalasAugust 17, 2022, 2:13 PM
Pedestrians in the financial district of San Francisco, California, seen in July 2022. (Photographer: David Paul Morris—Bloomberg/Getty Images)
Data science is one of the most critical and fastest growing fields of the last decade. With massive volumes of data being created every day, there is a growing need for people who can make sense of the data and draw conclusions from it. In fact, computer and information research jobs, including data scientist positions, are expected to grow 22% between 2020 and 2030, according to the Bureau of Labor Statistics.
Since interest in data science took off a decade ago, job satisfaction for data scientists has also increased. Glassdoor has ranked data scientists among the top three of America’s 50 Best Jobs for the past seven consecutive years.
But what does the new generation of workers think of this burgeoning field? Gen Z rates the role of data scientist as one of their most satisfying professions, according to a new report from Glassdoor. Gen Z includes people born between 1997 and 2012. For this study, the only companies included were those whose reviews were left by full-time U.S. employees who were 18 years of age or older. Students, trainees and army employees were excluded.
Although younger workers show a strong preference for creative roles, data scientist is ranked #4 – and the only other tech occupation ranked in the top 10 was IT specialist.
Fortune spoke with Richard Johnson, Associate Economist for Glassdoor, to learn more about why Gen Z employees prefer data scientist jobs and other career priorities.
Generation Z likes the competitive salaries, flexibility and creativity of data scientists
One of the results of the demand for data science talent is the high salaries awarded to those who are hired. While the average data scientist salary in the United States is $108,660, according to the BLS. But in the San Jose metro area, which also has the highest concentration of data scientist jobs in the United States, the average salary for data scientists is $157,110.
“Previous research on Glassdoor has shown that data scientists often earn high salaries, have many job offers, and high job satisfaction,” Johnson says. “There is therefore no doubt that these factors attract young workers at the start of their careers.
A career that promises job prospects and high pay can be especially appealing to a generation that has already seen a lot of economic turmoil. Entering the workforce during the COVID-19 pandemic hasn’t been easy for Gen Z, but younger workers say they’re more satisfied working for big companies that are built to weather turbulent economic times, according to the Glassdoor report.
Flexibility is also important for this generation, says Johnson. Since data scientists aren’t necessarily required to be in an office like some other roles, it’s very likely that companies will be able to offer these workers more flexibility to work remotely if they so choose. prefer.
While creative roles are heavily favored among Gen Z workers — the top three jobs for the generation were corporate recruiter, marketing manager, and social media manager — the field of data science also requires some creativity.
“Data scientists need to make sense of complex data patterns and integrate them into a simplified narrative for a variety of stakeholders,” says Johnson. “So in a way, Data Scientist could qualify as a creative tech role on this list, which makes it appealing to Gen Z.”
The data scientist is more favored among Gen Z workers than other generations
Although the role of data scientist is one of Glassdoor’s highest-ranked jobs, the profession hasn’t made the top 10 for any generation other than Gen Z. This is partly due to the newness of the discipline .
“In some way, every company is becoming a technology company, and as data continues to be an integral part of how companies make strategic decisions, working with and understanding data will become an expected skill for many workers. of Gen Z,” says Johnson. “With this in mind, Gen Z will have more access to data scientist opportunities than older generations.”
The Glassdoor report notes that data science jobs empower Gen Z employees to participate in strategic decision-making. Additionally, workers interested in expanding their social impact might be inclined to consider pursuing ethics in artificial intelligence (AI), a growing subfield of data science.
Top Employers Hire Data Scientists
Finally, the Glassdoor report also shows that the younger generation of workers want to work for some of the more established companies. Gen Z ranks Big Tech companies among the top employers, with Microsoft and Google taking the top two spots.
“We know that top-rated employers tend to offer their employees competitive perks and perks to attract and retain talent,” says Johnson. “Many Big Tech companies have relatively large teams of data scientists and are better positioned to deliver these competitive advantages, which, in turn, can lead to greater job satisfaction for employees.”
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