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Data Scientist (m/f/d)

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Data scientists: experts dealing with big data

Data scientists usually work in the areas of big data and business intelligence. They analyse and systematically evaluate data and extract valuable information from a jungle of data to support the management with strategic decisions affecting the company.

Which opportunities do data scientists have on the labour market?

The amount of stored data is increasing exponentially every day. Consequently, the demand for data scientists extracting useful information from this huge amount of data is growing as well. Data scientists are highly sought-after in different areas, e.g. big data, data engineering, data mining, smart data or predictive analytics, and thus have very good career prospects. Financeengineering and IT companies, for instance, rely on the expertise of data scientists and can offer them great chances.

What are the tasks and responsibilities of data scientists?

The massive volumes of data imply an enormous information potential. In this context, the key task of data scientists is to use structured analyses to exploit this potential. They interlink and evaluate (big) data by applying different approaches. The related results serve them as a basis for advising companies and helping management boards achieve their strategic business goals.

  • Interlinking and evaluation of huge volumes of data
  • Quantitative data analyses and extraction of valuable information
  • Explanation of the collected information in a comprehensible way and support with strategic decisions

Which hard skills and soft skills should data scientists have?

Data scientists require theoretical knowledge of IT and mathematics and should be familiar with practical data extraction methods. Furthermore, they need to possess expert skills in probability calculation and statistics.

As they fulfil an advising role for companies, data scientists should have strong communication skills, which they also apply to explain analysis results in an understandable way to help management boards derive strategic business decisions.

  • Knowledge of different methods to evaluate big data
  • Expert skills in statistics and probability calculation
  • Knowledge of machine learning
  • Programming skills
  • Team spirit
  • The ability to present and explain complex results in a comprehensible way

What is the average salary of data scientists?

While the starting salary of data scientists amounts to approximately EUR 45,000, they may later earn up to EUR 70,000. Top employers even pay gross annual salaries of EUR 85,000 or more to highly qualified employees.

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Permanent employment Contracting/freelance work Temporary employment Workforce management