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5 reasons why a full-blown career in data science brings more money than what most doctors makePhoto by National Cancer Institute on Unsplash

During my last semester at the University, I thought a lot about what to do next.

After all, I realized that pure economics is probably as interesting as my latest bank statements.

(Mostly done in spreadsheets and Excel.)

These questions started occupying my mind:

Now, when I look at it with these eyes, it was a no-brainer

I liked mathematics, statistics (especially probability), and econometrics.

Also, there were a few programming subjects that I really loved.

All the rest out of the table!

So I got my answers I liked analyzing the data

Step by step, data science appeared to be a natural choice (minding these interests).

And yes, I am finally happy where I am.

(No regrets.)

I can tell you now that data science is a mix of a well-paid and interesting occupation.

Its definitely worth considering if you are still making up your mind or thinking of a career shift.

Here are several reasons that can help you make the right choice.

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Have you ever dreamed of having a job that everyone else wishes?

Well, for years, the data scientist occupation has been amongst the most desired positions

But why?

Companies must continuously improve their businesses to stay competitive.

And how do they do it?

Well, they have to understand and explore the markets demand. (So, they must hire a data scientist.)

Data scientists are necessary to:

Data science is a profession of the future and as such in high demand. According to the U.S. Bureau of Labor Statistics, employment in data science occupations is projected to grow 35 percent from 2022 to 2032.

The market isnt flooded (yet) So, its an excellent environment for beginners (unlike in other IT industries).

The demand for data scientists is far beyond the supply, which allows you to find a job even if you are not on the level of know-it-all.

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Once you learn the data science basics (e.g., Python, R, SQL), you open doors in many industries

Data science is crucial in various sectors for making good decisions.

So, you can end up working in any of the markets below (a single pass valid for all).

(Although some industry-specific knowledge is required.)

You will for sure learn lots of new things and work with experts from other branches.

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You will never worry again if there is an opening for your occupation As a data scientist, you can work at any of these jobs.

The median wage in May 2022 was $103,500 per year, $49.76 per hour (U.S. Bureau of Labor Statistics).

Data science is a lucrative career. The more time you invest in studying, the faster your salary will increase to this level.

You can easily find a fully remote job.

How about work and travel? (Its easy to afford it with this salary this high.)

Data is a crucial resource today.

And yes, we generate tons of it every second, making it hard not to throw baby with water bath.

Hence, there is a huge demand for experts in exploring these huge data sets.

If you decide to go down this path

Data science guarantees you a high salary, career growth, and professional development.

With this post, I wanted to tell you all the important advantages of being a data scientist.

So that you can make the best possible decision.

If you start learning now, you can be a competent data scientist much sooner than you think (matter of months).

Just dont wait!

The sooner you start, the better.

Write a comment if you have any questions here.

Data science rocks!

P.S. This post was written by my girlfriend, a data scientist.

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5 Reasons Why Data Scientists Are Better Paid Than Medical Doctors - DataDrivenInvestor