Harvard, Bloomberg, and Forbes have called Data Scientist the “sexiest”, “hottest” job of the 21st century. As data explodes in abundance, the need for skilled, practical, and creative minds to extract useful insights from data grows. But how much do Data Scientists get paid?
In this post, we’ll look at how Facebook pays its Data Scientists. Fun fact: Facebook is where the term “Data Scientist” was first coined in 2008.
Based on the Salary Project’s data, Data Scientists at Facebook have a median base salary of about $171,000, ranging from around $130,000 to $190,000, and total compensation (including stock grants and bonuses) of about $240,000, ranging from around $183,000 to $370,000.
Of course, one’s compensation depends on a lot of things like location, years of experience, level, education, etc. Given the data on the Salary Project so far, here’s what the base salary ranges for a Facebook Data Scientist look like, by level:
- IC4: $150,000 (only one data point)
- IC5: $171,000 – $190,000
Facebook Data Scientists have the highest median base salary out of all the Data Scientist roles that the Salary Project has data for.
Breaking out the additional compensation that Facebook Data Scientists tend to get, we see that the median annual bonus is about $17,000 a year, and median annual stock-RSU grant is about $45,000 a year.
There are many kinds of Data Scientists out there though, and not all of them work at Facebook!
Are you a Data Scientist? Anonymously submit your salary to the Salary Project. The more data we have, the more insights we can find about how companies pay their Data Scientists!