It's useful to work backwards from the knowledge a DS needs to be worth their weight. Imagine a small team of $400K/yr DS + $400K/yr DE + ... and whatever hw/sw . So say a $2-3M/yr project driving $3M+ of new growing revenue or $6-12M of annual savings. At bigger companies, even more magnitudes & pressure :)
The DS will likely:
- be close to the business case & business stakeholders to ask questions a normal lead can't
- know the relevant math + ML algorithms, and build up specializations pairing DS niches ("time series forecasting") with industry niches ("supply chains in manufacturing")
- enough engineering & performance understanding to work with a DE on going from small data sets to big ones
- have an intuitive feel for all of the above - how data/usecases/etc. go right/wrong
That's a lot!!
One path is jumping in as a low-paid intern or new grad and doing your time. But a pivot is different, esp. to get paid along the way. Most CS grads had little math ("intros to stats, combinatorics, & algs; dropped linear algebra"), weak ML ("did algs; intro to ML only covered kmeans & bayes; tried running a BERT model on some data"), and little intuition for how ML typically goes wrong ("what's class imbalance?"). So if they do get hired directly as a mid-level DS, it's probably on a team of the blind-leading-the-blind. Oops.
BUT SQL/Spark/K8S/pandas/regex are real skills. Doing the data engineering, ML operations, etc., around making an ML pipeline more than a fanciful notebook that wouldn't last a minute in production is real work. That stuff does pay well, and by working with the ML folks, you'd naturally get pulled into the ML tasks as well. DS write all sorts of bugs that surface as production evolves and the full team works together on, and new features that needs a team to make real. So taking a job that mixes engineering specialties with ML specialties is a smoother pivot path for the typical CS backgrounds I've seen. Over time, drift to more ML-y aspects of the projects happening until you can do the full hop. (Nit: That won't teach the math & deeper intuition, so I'd still do courses + projects on the side.)
I wish I had real numbers. So instinct from what I've seen:
- a data analyst role rebranded as a DS role will be lower paid than a DE role, maybe 50% diff
- an actual DS role is probably higher paid than a DE role, but really depends on the job+co
- a great DS role and a great DE role are both super well compensated. Though maybe again DS higher than DE in most just b/c ability to more directly drive $. Unless something like an infra company, the DS will be inherently closer to the business & outcomes. ("I did this clever thing that netted 2% revenue spike that adds up to $40M/yr in new revenue, what did you do?")
The DS will likely:
- be close to the business case & business stakeholders to ask questions a normal lead can't
- know the relevant math + ML algorithms, and build up specializations pairing DS niches ("time series forecasting") with industry niches ("supply chains in manufacturing")
- enough engineering & performance understanding to work with a DE on going from small data sets to big ones
- have an intuitive feel for all of the above - how data/usecases/etc. go right/wrong
That's a lot!!
One path is jumping in as a low-paid intern or new grad and doing your time. But a pivot is different, esp. to get paid along the way. Most CS grads had little math ("intros to stats, combinatorics, & algs; dropped linear algebra"), weak ML ("did algs; intro to ML only covered kmeans & bayes; tried running a BERT model on some data"), and little intuition for how ML typically goes wrong ("what's class imbalance?"). So if they do get hired directly as a mid-level DS, it's probably on a team of the blind-leading-the-blind. Oops.
BUT SQL/Spark/K8S/pandas/regex are real skills. Doing the data engineering, ML operations, etc., around making an ML pipeline more than a fanciful notebook that wouldn't last a minute in production is real work. That stuff does pay well, and by working with the ML folks, you'd naturally get pulled into the ML tasks as well. DS write all sorts of bugs that surface as production evolves and the full team works together on, and new features that needs a team to make real. So taking a job that mixes engineering specialties with ML specialties is a smoother pivot path for the typical CS backgrounds I've seen. Over time, drift to more ML-y aspects of the projects happening until you can do the full hop. (Nit: That won't teach the math & deeper intuition, so I'd still do courses + projects on the side.)