Is a master’s in data science worth it?
In today’s world, data science is considered one of the fastest-growing sectors, providing numerous job opportunities. Firms and organisations of all scales and industries are looking for data-perceptive professionals that can successfully build value and profit from the large volumes of data accessible.
As an interdisciplinary domain, data science wields scientific techniques, processes, algorithms, and operations to draw ideas from structured and unstructured informative data to propel conscious decision-making by corporations.
Recently there has been a contemporary trend to create several undergraduate degree programs in this field to fulfil the increasing demand for data science.
But because data science is such a rapidly evolving field with multiple new experimental techniques proposed almost every year, many businesses and industries seek the valuable knowledge and deep understanding in addition to the expertise that comes with a master’s degree.
Therefore, even the administrators seek to comprehend the practice so they can use the strength of data more proficiently. Therefore, a post-graduation degree program enables professionals to learn to focus on the capacities and requisition of data and information technology, which comprises machine knowledge and artificial intelligence.
Various growing methods in machine learning and artificial intelligence are driven from and thus are inseparable from the field of data science. The techniques and processes may evolve, but data will resume being the footing for improvements in artificial intelligence, data science, and machine learning.
The professionals who understand how to govern and analyse data will be required to be in demand. An undergraduate degree in data science can provide a beginner with a highly equipped skill set. Still, the insight gained from work experience after the student’s internship programs available in master’s degree courses is immensely useful. During that period, the students successfully started to wield the components of data science in analysis, thereby proving to be highly effective.
In a master’s degree program, individuals learn how to navigate and interpret existing real-world difficulties into technical solutions as outcomes much more easily and efficiently. The market for data scientists has been expanding, but a data scientist’s depth of proficiency and experience, along with knowledge, is currently being emphasised.
High incomes are popular for individuals with masters in data science.
Whether learners begin to pursue a master’s degree with an undergraduate degree in a relevant field or are from entirely different careers, holding a progressive degree generally implies a substantial financial raise. A Data science master’s qualification unlocks a door of professional advantages, including higher pay, a faster road to administrative and management positions, and in-depth awareness of the analytical and logical applications of the sector.
Additionally, advanced degrees offer students to have a depth understanding of some of the particular aspects of the field, such as
- Artificial intelligence
- Big data
- Business analytics
- Data analytics
- Machine learning
- Algorithms
- Data mining
Some high-paying jobs that need a master’s degree in data science
Data and Analytics Manager
This profession is one of the best positions for individuals with a master’s degree in data science, especially if they’re experienced in working in a related field. They lead and supervise a team or group of data scientists, and their role requires management and knowledge of data analytics, leadership skills, and drive.
The average salary in this field ranges from 8 lakhs to 40 lakhs per annum.
Data Analyst
In simple language, a data analyst utilises data to answer problems, recognize areas of increment and then articulate the outcomes to the operators to enable them to make decisions effectively, which in turn helps increase their Marketing, sales, and much more.
The average salary of a data analyst in India ranges from 4.5 lakhs to 14 lakhs per annum.
Conclusion
Master’s students improve their familiarity with important tools like Excel, SAS, and R, learning advanced analytic methods and enhancing their programming aptitude in languages like Java and Python. While getting a master’s degree in data science isn’t the sole way to accomplish instant success in the field, it is a promising factor.
FAQs
Is data science better than MBA?
A postgraduate program in Data Science outperforms a general MBA degree in terms of average salary and highest package offered.
Is coding required in data science?
You must be familiar with various programming languages, including Python, Perl, C/C++, SQL, and Java, with Python being the most commonly required coding language in data science roles.
