10 top-paying companies for data scientists in 2020 (2023)

By Danielle Bilbruck for Galvanize

In this day and age, there is no shortage of data collected by companies, whether it’s data on existing users, data around overall CX/UX, data about their competitors, data around social listening, data about sentiment around a product or service… the list goes on. Most companies don’t have a problem acquiring the data anymore; as a matter of fact, companies are likely drowning in it and don’t know what to do next. Making sense of the data has become a critical need, and that’s where a data scientist comes in.

Now that companies have collected all this data for themselves, they need to know what to do with it when it comes to insights, research and development, forecasting, and more. Data scientists help put the puzzle pieces together in a way that makes sense for company decision-makers and leadership, and can often help directly contribute to increasing revenue or market share.

Companies are willing to pay a pretty penny to bring in the best talent they can find into their data science departments because they know what a good investment these roles truly are for their bottom line.

Just how much are companies willing to pay for such a valuable skill set?

Here are 10 companies paying the most for data scientists to join their teams in 2020:

1. Snap, Inc.

Headquarters: Santa Monica, CA
Total average compensation package: $238k
Average cost of living: 106% higher than the national average

While many folks think of Snap, Inc. as a social media company because of the social media application Snapchat, Snap actually considers itself a “camera company,” looking to reinvent how cameras are used overall. They’ve done this by incorporating wildly popular augmented reality filters into their application, making your cell phone camera a lot more fun than it would be just on its own.

(Video) Top 10 Highest Paying Data Science Careers In 2020 | Data Science Jobs | Data Science | Simplilearn

Snap has a big road ahead: They’re trying to outpace competitors like Instagram, and to do that, they need good information and crystal-clear forecasting. That’s why they offer one of the highest compensation packages nationwide for even more junior to mid-level data scientists, at $238K annually. On average, inside this package, $170K is set aside for the base salary, with a $13K annual bonus and a whopping $55K in company equity. Additionally, they sweeten the deal for potential interviewees with signing bonuses around $18K. That’s a pretty picture.

2. Airbnb

Headquarters: San Francisco, CA
Total average compensation package: $223k
Average cost of living: 80% higher than the national average

For the folks over at Airbnb, it made more sense to allow people to open up their homes as rental income streams than deal with non-negotiable prices dictated by hotel overlords. Data scientists are a critical part of Airbnb’s operation, allowing the company greater visibility into things like short-term rental markets or big accommodation seasons.

That’s why they are willing to pay handsomely for this particular skill set, with an average annual compensation package of $223K! Broken down, this package averages a base of $145K, with an average annual bonus of $16K and a very generous $62K in company equity. While their signing bonus hovers around $11K, this company package is one to write home (or an Airbnb!) about.

3. Netflix

Headquarters: Los Gatos, CA
Total average compensation package: $222k
Average cost of living: 138% higher than the national average

Netflix overhauled the entire entertainment industry starting in 1997, taking on at-home video giants like Blockbuster and Redbox. Over 20 years later, they’ve created new viewing styles like the “binge-watch” and developed their own production company, capitalizing on a new golden age of entertainment in both film and television.

But how do they know what kind of TV or movies will succeed? How can they tell what is popular or what kind of entertainment will be enjoyed by which demographics? Data science! Data scientists are an incredibly integral part of the company, upon which much of their future success is hinged. Their average compensation package reflects that, at an average of $222K annually. While numbers could not be obtained regarding a breakdown of that package, the total package number is absolutely a box-office hit.

(Video) Top 10 Data Science Companies to Work For!

4. Pinterest

Headquarters: San Francisco, CA
Total average compensation package: $212k
Average cost of living: 80% higher than the national average

Another wildly popular company that many think is a social media platform, Pinterest positions itself as the world’s go-to visual search engine, providing “boards” for users to pin important links, products, services, and ideas.

Because they’ve got big shoes to fill and other major search engines to compete with, Pinterest has a vested interest in making sure their data makes sense when developing new product updates and giving users what they need. Their total compensation package for data scientists who can make that happen is $212K, broken down into a $145K base salary, an average annual $12K bonus, $55K in company equity, and a $16K signing bonus. Put a pin in that one.

5. Lyft

Headquarters: San Francisco, CA
Total average compensation package: $209k
Average cost of living: 80% higher than the national average

One of a few companies transforming the taxi industry into a “rideshare” industry, Lyft connects gig workers to folks needing a ride to and from their destination. In the last couple of years, Lyft also released rental scooters, a product development influenced in large part by a wealth of data. They need data scientists to help them stay on the cutting edge of what ridesharing evolves into, so they also provide commensurate compensation packages to attract top data science talent.

Their average total compensation package is around $209K, with an average base salary of $147K, with $62K in company equity. With an average signing bonus of $18K, you could call that a definite lift.

(Video) Top 7 Jobs and Salary in Data Science! (2020)

6. Etsy

Headquarters: Brooklyn, NY
Total average compensation package: $207k
Average cost of living: 129% higher than the national average

Clocking in as our only East Coast HQ on the list, Etsy has created a platform for creators and artisans to sell their products online, turning some folks’ hobbies into side hustles or full-time careers. Being the premier online marketplace for makers, Etsy relies on a great deal of data to help match shoppers to the products they’re looking for, cutting out the noise in between.

Data scientists help them do just that, with an average total compensation of roughly $207K, which is a great number even in New York City! Around $143K of the package is base salary, with a very high annual bonus rate of $26K with $13K in company equity. While the signing bonus is a bit less than others on this list at around $9K, Etsy’s overall package is enough to make any data scientist very happy.

7. Uber

Headquarters: San Francisco, CA
Total average compensation package: $206k
Average cost of living: 80% higher than the national average

Joining Lyft on this list is the other big-name ridesharing giant, Uber, crossing into not just gig-driven ridesharing, but also luxe vehicle accommodations, public transportation, and food delivery. If you think that all of that is pretty diverse for a company originally meant to put drivers behind their own income wheel, you’d be right, and they have data scientists to thank for diversifying into different solutions areas.

At Uber, data scientists can expect an average total compensation package of $206K, with ample company equity at around $66K, and annual bonuses of $19K. Topped off with an $11K signing bonus, Uber may take you where you want to go in your data science career.

8. Facebook

Headquarters: Menlo Park, CA
Total average compensation package: $198k
Average cost of living: 119% higher than the national average

The first true social media platform on our list, Facebook arguably invented the kind of social data we know today. Not only are data scientists critical at Facebook to help them determine user experiences and needs, but also because they provide paying customers, or Business Pages, with the data they need to have available to them.

Data science is a highly necessary part of the platform’s existence and progression, which is why they also offer a nice total compensation package averaging $198K. Of this, the average base is around $144K with an annual bonus of $16K and $39K in company equity. A $27K signing bonus may make this company one to watch in any data scientist’s book.

(Video) Which country pays highest salary to data scientists and machine learning engineers?

9. Twitter

Headquarters: San Francisco, CA
Total average compensation package: $198k
Average cost of living: 80% higher than the national average

It’s only fitting that the other major player in social data come in tied with the first. If it can be argued that Facebook created social data as we know it, Twitter sought to refine it completely. Anymore, news breaks on Twitter, and with their own proprietary social listening platforms, they have become a major data provider for companies looking to understand customer sentiment and competitor strategy.

Since data is at the core of everything Twitter does, it only makes sense that they would also offer compensation packages to prove how valuable data scientists are to them, tied with Facebook for a total average of $198K. With just a bit higher base salary average of $145K, as well as a bit higher company equity stake at $41K, they do clock in just a bit lower than Facebook when it comes to annual bonuses, at $13K. While their average $15K signing bonus does feel substantially less than their competitors, it’s still definitely not for the birds.

10. Dropbox

Headquarters: San Francisco, CA
Total average compensation package: $183k
Average cost of living: 80% higher than the national average

Masters of online storage, Dropbox counts on data for its continued existence, keeping users happy with their cloud-based storage plans. Even though they come in last on this particular list, their total compensation package is still significant, at an average of $183K. With a typical $122K base and annual $15K bonuses, they have assuredly earned their ranking on this list, to say nothing of an estimated $47K in equity and a $16K signing bonus, just a couple things about the company you can put in a box.

As you can probably see from this list, major companies are willing to pay handsomely for even entry-level data scientists looking to grow their careers in meaningful ways, doing meaningful work.

Graduates of bootcamps such as Galvanize also have the advantages of a career services teams to help data science bootcamp grads find their dream job.

Share on FacebookTweet
(Video) Top 10 Highest Paying Jobs In Data Science Career

FAQs

Which company is best for data scientist job? ›

Which Company Is Best for Data Science
  • IBM. IBM is an American multinational technology corporation with its headquarters in Armonk, New York. ...
  • Wipro. Wipro is known for its information technology, consulting, and business process services. ...
  • Cloudera. ...
  • Splunk. ...
  • Numerator.
12 Jul 2022

Who is No 1 data scientist in the world? ›

Andrew Ng is a scientist and professor at Stanford University, and he has made a name for himself in the data science community. Ng has been working on artificial intelligence since before it was trendy. His work has helped scientists revolutionize Google Brain—the company's massive AI project that is still underway.

Which company pays highest salary for data scientist fresher? ›

IBM. American multinational tech company IBM was named a leader in the 2021 Gartner Magic Quadrant for data science and machine learning platforms.

Which IT company gives highest salary in USA? ›

Best Paying Jobs in Technology
Highest paying Technology Companies
Top Tech CompaniesTech company Salary% High Job Satisfaction
Facebook$116,80096%
Google$106,90089%
Microsoft$102,500No Data
16 more rows
2 Apr 2020

Do Google hire data scientist? ›

The exact method varies slightly depending on the position, as Google may hire data scientists to be placed in research, product analysis, or other areas. At the start of the process, your recruiter will provide you with information outlining the types of interviews you can expect. Step one is to apply.

Which country is best for data science? ›

Best Country for Data Science Job
  • United States. Data scientists in the US are paid handsome salaries amounting to USD 165,000 on average per year. ...
  • Switzerland. In Switzerland, data scientists earn an average salary of USD140,000 annually. ...
  • UK. ...
  • Australia. ...
  • Israel. ...
  • China. ...
  • Canada. ...
  • India.
13 Jul 2022

Which company recruit data scientist? ›

Microsoft. Microsoft, a leader in software, hardware, gaming, cloud, edge, and digital transformation, has a diverse range of career opportunities for data scientists. Microsoft, undoubtedly, is one of the top companies hiring data scientists in 2022.

Why data scientists get paid so much? ›

Demand: We all are familiar with the demand concept of Economics – Higher the demand, higher is the price. Same is applicable here as well. The demand for data scientists at a global level is immense and that forms a base for an attractive data scientist salary.

Is TCS good for data science? ›

With proprietary tools, TCS also helps in converting data into easy-to-interpret visual reports and dashboards. Analytics, Insights, and Intelligence: We provide generic or customized services involving Big Data, predictive, and prescriptive analytics.

Which job has highest salary in world? ›

The Top 6 Highest Paying Jobs in the World
  • Chief Executive Officer (CEO)
  • General Surgeon.
  • Senior Software Engineer.
  • Investment Banker.
  • Data Scientist.
  • IT Systems Manager.
4 Oct 2022

Which job has highest salary? ›

  1. Medical Professionals (Doctors and Surgeons) Healthcare offers one of the highest salary jobs in India. ...
  2. Data Scientist. ...
  3. Machine Learning Experts. ...
  4. Blockchain Developer. ...
  5. Full Stack Software Developer. ...
  6. Product Management. ...
  7. Management Consultant. ...
  8. Investment Banker.

Who is father of data science? ›

The modern conception of data science as an independent discipline is sometimes attributed to William S. Cleveland. In a 2001 paper, he advocated an expansion of statistics beyond theory into technical areas; because this would significantly change the field, it warranted a new name.

Who is the youngest data scientist? ›

Young Veer Shandilya caught his attention in the technological aspect of fiction in Sci-fi movies. His interest paved the way to becoming the youngest Junior Data Scientist (AI) at Clevered.com globally at 11.

Who is father of AI? ›

Abstract: If John McCarthy, the father of AI, were to coin a new phrase for "artificial intelligence" today, he would probably use "computational intelligence." McCarthy is not just the father of AI, he is also the inventor of the Lisp (list processing) language.

Which IT job is best for future? ›

Data Scientist

It is the highest paid job and the Data Scientists are highly skilled in both technology and social science. Data Scientists are also known as Data engineers, Data analysts, Business intelligence specialists and Data architects.

Which software company pays highest salary? ›

Top 9 companies that pay software engineers the most in 2022
  • Google. ...
  • Netflix. ...
  • LinkedIn. ...
  • Apple. ...
  • Uber. ...
  • Amazon. ...
  • Stripe. Stripe, an online payment platform, is another Silicon Valley-based software giant with 14 global offices. ...
  • Microsoft. Microsoft is another tiered company, with levels from SDE (entry-level) to 67 at the top.
3 Jan 2022

Which company is best for IT jobs? ›

  • IBM. 4.1★ 96.2T. Reviews. 28.8T. Salaries. 8.2T. Jobs. ...
  • Infosys. 3.9★ 86.5T. Reviews. 78.8T. Salaries. 3.1T. Jobs. ...
  • Wipro. 3.8★ 49T. Reviews. 40.3T. Salaries. 2.8T. Jobs. ...
  • Cognizant Technology Solutions. 3.9★ 80.5T. Reviews. 65.1T. Salaries. 5.8T. ...
  • DXC Technology. 3.6★ 21.1T. Reviews. 8.8T. Salaries. 1.7T. ...
  • Tech Mahindra. 3.6★ 29T. Reviews. 21.8T. Salaries. 605.

Does Amazon hire data scientists? ›

Sign in to save Data Scientist I at Amazon. We are looking for motivated data scientists with excellent leadership skills, and the ability to develop, automate, and run analytical models of our systems.

Who earn more data scientist or software engineer? ›

The average yearly salary for data scientists is $120,103 . The average yearly salary for software engineers is $102,234 . Software engineers also receive an average of $4,000 in bonuses each year. Your salary may vary depending on your experience, skills, training, certifications and your employer.

Is there a PHD in data science? ›

The Ph. D. specialization in data science is an option within the Applied Mathematics, Computer Science, Electrical Engineering, Industrial Engineering and Operations Research, and Statistics departments.

How do I get a high paying data science job? ›

Preferred qualifications: A bachelor level education combined with a master's degree and field instruction in enterprise architecture can help you enter the workforce as an enterprise architect. The excessive & growing demand makes enterprise architects land on one of the highest salary data science jobs in India.

Which country is cheapest for data science? ›

Top 10 Affordable Countries to study Data Science
CountryAverage First Year Cost of MS (in Lakhs)Average First Year living Costs (in Lakhs)
South Korea5.9694.52 K
Italy6.033.98
Spain6.846.92
Cyprus7.353.61
6 more rows
1 Apr 2022

Can a data scientist become a CEO? ›

There aren't any barriers for data scientists to become a CEO, but they have to prove their skills in each aspect. But they will not have enough time to do data scientist's work because to be an efficient senior manager, their time and abilities utilize in interacting with peoples.

Which industries hire the most data scientists? ›

Top Industries with Data Science jobs
  • BFSI.
  • Media & Entertainment.
  • Healthcare.
  • Retail.
  • Telecommunications.
  • Automotive.
  • Digital Marketing.
  • Professional Services.
5 Jul 2022

Where are data scientists most in demand? ›

Highest Paying Countries in Need of Data Scientists 2022
  • Israel. ...
  • Norway. ...
  • China. Average Annual Salary – $98,169. ...
  • Canada. Average Annual Salary -$95,000. ...
  • India. Average Annual Salary – $93,680. ...
  • Belgium. Average Annual Salary – $90,000. ...
  • Netherland. Average Annual Salary – $89,000. ...
  • Germany. Average Annual Salary – $88,000.
2 Feb 2022

Which industry will benefit from data science? ›

Data Science in 7 Different Industries

Here we offer some examples of how data science is used in: banking/finance, media/advertising, healthcare, government, manufacturing, tech startups, and retail.

What is the highest salary of data? ›

Top 10 Big Data Careers
  • Big Data Engineer. Annual Salary Range: $115,250–$168,250+ ...
  • Data Architect. Annual Salary Range: $127,750–$176,500+ ...
  • Data Security Analyst. Annual Salary Range: $115,000–$166,750+ ...
  • Database Manager. ...
  • Business Intelligence Analyst. ...
  • Data Scientist. ...
  • Data Modeler. ...
  • Database Developer.
9 Mar 2022

Do data scientists code? ›

In a word, yes. Data Scientists code. That is, most Data Scientists have to know how to code, even if it's not a daily task. As the oft-repeated saying goes, “A Data Scientist is someone who's better at statistics than any Software Engineer, and better at software engineering than any Statistician.”

What is the highest salary of data scientist in USA? ›

Experienced data scientist salary.

The median salary for experienced data science professionals is $165,000—while the median salary for experienced manager-level professionals is considerably higher at $250,000.

How much do Netflix data scientists make? ›

The average Netflix Data Scientist earns an estimated $164,977 annually, which includes an estimated base salary of $137,128 with a $27,849 bonus. Netflix's Data Scientist compensation is $35,768 more than the US average for a Data Scientist. Data Scientist salaries at Netflix can range from $70,000 - $270,000.

Which company pays highest salary for data analyst? ›

Top Companies for Data Analysts in the US
Name of the CompanyAverage Salary per year
Target$132,122
Facebook$130,180
Pacific Gas and Electric Company (PG&E)$127,159
Citizens$126,312
6 more rows

Does Goldman Sachs hire data scientist? ›

178 Goldman Sachs Data Scientist jobs in India (4 new)

How can I get high salary in data science? ›

Although programming might not be required, they must have proficiency in working with databases (like SQL) or developing data visualization (like graphs and charts) to elucidate their findings. Data analysts with programming skills can get the highest salary of data scientist in India.

How much does a data scientist make at Spotify? ›

The average Spotify Data Scientist earns $190,000 annually, which includes a base salary of $150,000 with a $40,000 bonus. This total compensation is $60,791 more than the US average for a Data Scientist. Data Scientist salaries at Spotify can range from $150,000 - $190,000 with equity ranging from 0-25k.

How do I become a data scientist on Netflix? ›

The Data Science Role at Netflix
  1. Advanced degree (MS or PhD) in Statistics, Econometrics, Computer Science, Physics, or a related quantitative field.
  2. 5+ years of relevant experience with a proven track record of leveraging massive amounts of data to drive product innovation.
24 Feb 2020

How much do data scientists make? ›

Despite a recent influx of early-career professionals, the median starting salary for a data scientist remains high at $95,000. Mid-level data scientist salary. The median salary for a mid-level data scientist is $130,000. If this data scientist is also in a managerial role, the median salary rises to $195,000.

Videos

1. Companies To Apply For Data Scientist And ML And DL Roles in 2021- Dont Wait-Just Apply✌ ✌ ✌ ✌ ✌ ✌
(Krish Naik)
2. Top Companies Which Are Utilizing Data Science For Growth
(Finions)
3. Data Science Salaries Around the World
(365 Data Science)
4. Top 10 World's Best Data Scientists To Follow In 2020 | Analytics Jobs
(Analytics Jobs)
5. CBC News: The National | Ford ordered to testify, British PM, Inside the Amazon
(CBC News: The National)
6. real talk about my Data Scientist jobs + salary for entry level data science
(The Almost Astrophysicist)
Top Articles
Latest Posts
Article information

Author: Corie Satterfield

Last Updated: 09/13/2022

Views: 5800

Rating: 4.1 / 5 (62 voted)

Reviews: 85% of readers found this page helpful

Author information

Name: Corie Satterfield

Birthday: 1992-08-19

Address: 850 Benjamin Bridge, Dickinsonchester, CO 68572-0542

Phone: +26813599986666

Job: Sales Manager

Hobby: Table tennis, Soapmaking, Flower arranging, amateur radio, Rock climbing, scrapbook, Horseback riding

Introduction: My name is Corie Satterfield, I am a fancy, perfect, spotless, quaint, fantastic, funny, lucky person who loves writing and wants to share my knowledge and understanding with you.