One of the most exciting new fields in the technology sector today is data science. Businesses, governments and nonprofit organizations seek the expertise that data scientists provide, and the demand for their services is growing. One of the best ways to prepare for a career in this field, which is closely related to business analytics, is by earning a Master of Business Administration online. As you pursue your degree, you can study topics related to data and business analytics.
What Does a Data Scientist’s Job Entail?
A data scientist’s responsibilities call on the following skills:
- Coding — Data scientists often code in languages such as Java, Python, R and SQL.
- Data mining — This includes the ability to analyze data, build models and make recommendations based on your findings. It requires a strong background in mathematics, especially probability, linear algebra and statistics.
- Data interpretation — Knowing how to mine data for insights that correspond to business objectives is key to success as a data scientist. Understanding the goals of the business underlies effective data interpretation.
- Communication — Being able to distill data insights into plain language helps data scientists convey essential information to others who may not have a strong technical background.
Many data scientist positions pay well in excess of $100,000 per year. Entry-level jobs typically pay over $80,000 per year. Salary.com places the median salary for data scientists at $122,502, as of September 2017.
How You Can Prepare
Because data scientists must acquire a diverse set of skills to be effective in their positions, it is helpful to develop a broad background in business and technical areas. Choosing a comprehensive online MBA program is one way to prepare for a lucrative career as a data scientist. You will want to make sure you take a variety of courses to develop a strong foundation in programming, statistics and areas related to data. At the same time, you should learn as much as possible about fundamental marketing and management principles. A flexible online MBA program, such as the one offered by Florida International University (FIU), enables you to complete coursework that prepares you for such a career.
Due to the lack of qualified applicants to fill available positions, data scientists are currently in high demand. By earning an MBA with a Business Analytics concentration, you can gain the skills that will help you compete for, and succeed in, these high-paying jobs.
Learn more about the FIU online MBA program.
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