Pursue Data Science to Get a Good Salary

December 18, 2019

Pursue Data Science to Get a Good Salary

Data Scientists in India are more appreciated than ever before now. They have been making a big impact on modern-day industries which has increased their demand in several businesses by tenfold. This rise in their demand has also increased the amount they get paid for it.

Anyone with the profession of a data scientist can be sure to be paid a lot. People who are good in this field can even make a decent living while working minimal hours a week. This is what makes it so special and one of the highest paying jobs in the world. It is easy to understand why anyone with the desire to live a life of luxury would choose data science as a field. A lot of data scientists joined this profession back when it had only started and they didn’t get paid as much. However, they have now gained enough experience to be earning a good salary with a good position in their firm.

Why is Data Science So Important?

Data science is not like any other field of statistics or computer science. Instead, it is a combination of both and relies upon efficient methods of handling and sorting through large amounts of data to retrieve important information. The amount of data in the world currently is massive. So massive that no single computer on Earth can actually process it without the help of Data Science based algorithms. Data Scientists are put in charge of going through complicated data of a certain type and determining the algorithm to process this data. Sometimes, they may also need to write the code for the algorithm and implement it in software form. While the last step isn’t always important, it is guaranteed to make a better impression on the client as well as the end-users.

The uses of data science can be applied innumerably in various industries. Most of these industries use data science to study problems relating to their profits and customer handling data. This means that the information used for corporate planning, marketing, measuring customer satisfaction and retention, increasing conversion rates and profits, verifying the profit curves of certain products, etc. is all generated with the help of data science. Therefore, without data science to back them up, most modern companies would fail and go bankrupt. This immense need for data science has mostly arisen due to the advent of computers in offices and the use of big data analysis for maximizing profits. This has caused a burst of information overload for everyone in the world and has caused the information to grow at an exponential rate. This means that almost 90% of all the information in the world in a particular year is generated during that very specific year.

How Difficult is Data Science?

Now that you know the impact data science has on modern society, you might begin to feel that it would be an extremely difficult subject like rocket science. However, this is not really the case. Anyone with an affinity for seeing how data is processed, statistics and number systems, in general, can become a data scientist. The only real input required during a data science course comes from pure hard work and is used to make a difference in the world based on this. If you have generally been good at mathematics and have a strong foundation in logic and problem-solving skills, you are bound to excel in data science, provided that you put in the required hard work. This does not mean that anyone can become a data scientist or that it is an easy career to pursue, however.

How does One Become a Data Scientist?

The way to become a data scientist is quite similar to becoming a computer scientist. You need to join a college or university that offers the course, work hard during the course and score well in all your tests, make a good portfolio by adding personal projects that you have worked on in your free time, and do an internship as a data scientist in a reputable firm. The fact about data science is that it is an incredibly new field and does not have a lot of information about it available free online. This makes it harder for people to both teach and study the subject like they would in the case of any other subject. New topics are being discovered every day in the field, and it is likely that you may also discover something about data science while still in college. This may sound exciting, but it also means that your teachers may not be able to clear all your doubts which requires you to study more on your own to figure them out. In short, the hard work required for the field justifies the salaries that data scientists are paid.

Colleges in India offering Courses in Data Science

There are several colleges in India that offer courses in Data Science. However, it is important to choose the right one. With a new field like data science, it is possible that you aren’t taught the real subject by a phony college. Unless you clear JEE Advanced and qualify for one of the IITs that offer data science programs, your best option would be to study in Mumbai. Narsee Monjee Institute of Management Studies has a college branch for engineering called Mukesh Patel School of Technology, Management and Engineering which offers various programs relating to data science. The courses include B. Tech in Data Science, M. Tech in Data Science, B. Tech Integrated in Data Science, and MBA Tech in Data Science.
These courses can help you get a head start on your career as a data scientist and will also help you to learn a lot more about which companies you can intern in for increasing your database of knowledge. This is what makes it possible to work towards building a bright career as a data scientist who gets paid a handsome salary for analyzing large amounts of data.

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