Breaking News

Trump Media & Technology Group Sends Correspondence to Nasdaq regarding ‘Naked’ Short Selling Inquiries Unexpected Health Benefits of Ozempic and Mounjaro London’s National Theatre to Debut Stage Adaptation of Ballet Shoes Francois Hardy Named Chief Technology Officer of Newmont (NYSE:NEM) Jaromír Jágr makes history as oldest professional hockey player by scoring in first game since turning 52, surpassing Gordie Howe

In the world of high-paying data science roles in financial services, there are many opportunities to earn substantial money, but not all jobs are created equal. While hedge funds and trading firms are typically the top places to work, banks and fintech companies also offer competitive salaries for top-performing data scientists. A new compensation report from recruitment firm Selby Jennings provides valuable insights into data science pay based on seniority, industry sector, and region.

According to the report, top data scientists at hedge funds in prime locations like New York and San Francisco can earn more than twice as much as their peers in banking roles. The average total compensation for a managing director-level position (with 15+ years of experience) in a hedge fund is $777k. Data scientists can earn between $1m and $2m on average, potentially nearly three times the average compensation for senior hedge fund employees.

Selby Jennings’ study delves into the pay for data scientists in seven additional locations across the US and Europe, offering a comparative analysis of average salaries for analysts in each region. For junior data scientists in Europe, Switzerland emerges as an attractive location, with French data scientists working in banks generally earning more than their German counterparts. On the buy-side, however, German junior data scientists outperform their French peers. The pay for junior data scientists in London banks appears notably low compared to entry-level data scientists in New York who earn three times as much and twice as much on the buy-side.

The Selby Jennings compensation report set to be released this Friday promises to provide even more valuable insights into the world of high-paying data science roles in financial services. To stay updated on these insights and share your own confidential story or tip with us, contact us via SMS, Whatsapp, voicemail or email today!

Leave a Reply