The-Almost-Astrophysicist
In the video, Priya, a data scientist, discusses various factors that can impact a data scientist's salary, including location, experience, education level, and industry. Salaries in places like San Francisco are much higher, with experience and education level being other significant factors. Priya notes that salary progression in data science can be rapid, with example stories of real-world employees. The speaker considers companies like Facebook and Netflix to be the highest-paying tech companies, with an expected salary range of $140,000 to $212,000 depending on merit. With the growing value that data scientists bring, it is reasonable to anticipate a salary of $200,000 to $250,000 in the fourth year of work. Priya provides advice to negotiate top range listed on websites like Glassdoor and switch companies every two years to increase salary and find the best fit.
In this section, Priya, a data scientist, discusses the various factors that can impact a data scientist's salary. Location is the most significant factor and can impact salaries greatly, with salaries in San Francisco being higher than in places like Chicago. Experience and education level are also significant in determining a data scientist's salary, though Priya notes that not having a master's or PhD should not be discouraging. Industry is another critical factor, with salaries for data scientists in tech being some of the highest, with companies like Netflix being known for high-paying data scientist positions. Priya also shares her salary progression, noting that within 2 years, she was able to double her starting salary, indicating that data science is a field where one's value can grow quickly.
In this section, the speaker discusses the increase in salary for data scientists over time and the value they bring to tech companies. The speaker provides an example of a person who doubled their salary by switching from a smaller company to Facebook and moving from Utah to California. Depending on the value an individual brings, they could see high merit increases in the tech industry, with salaries ranging between $140,000 to $212,000 on average in top tech companies. The speaker believes that it is reasonable to expect a salary of $200,000 to $250,000 in the fourth year of work as a data scientist given the value they bring. They also advise negotiating for the top of whatever range is listed on websites like Glassdoor and suggest switching companies every two years to increase salary and find a good fit.
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