What is the average salary of a data scientist in Singapore? In this article, we will delve into the remuneration trends and factors that influence the earning potential of data scientists in Singapore, exploring the competitive compensation packages offered in this dynamic field. Discover the range of salaries available to data scientists and gain insights into the factors that contribute to variations in pay, providing a comprehensive understanding of the financial opportunities awaiting professionals in Singapore’s data science industry.
What do data scientists do?
Companies rely on data scientists to make better business decisions. Data scientists are skillful in analysing large sets of data using the latest analytical methods, machine-learning algorithms and other tools to extract meaningful insights.
A typical day for a data scientist involves looking at data and formulating insights that will help businesses take the right actions. They can help business leaders make better decisions by using their expertise in math, statistics, and computer science to find answers to their most pressing business questions.
5 Benefits of Becoming Data Scientist in Singapore
Becoming a data scientist in Singapore presents a multitude of advantageous opportunities that can significantly impact your professional journey. Here are five notable benefits that await those who embark on this path:
1. Lucrative Career Growth:
By venturing into the realm of data science in Singapore, you open doors to a plethora of lucrative opportunities for advancement. The demand for skilled data scientists in various industries is steadily increasing, offering you the potential for rapid career progression and attractive remuneration packages.
2. In-Demand Skill Set:
As a data scientist, you will acquire and hone highly sought-after skills in data analysis, machine learning, and predictive modeling. Singapore provides an ideal environment to develop your expertise in these domains, with numerous training programs, workshops, and industry collaborations available to enhance your knowledge and proficiency.
3. Diverse Industry Exposure:
Singapore’s vibrant and thriving economy ensures that data scientists can explore an extensive range of industries. From finance and healthcare to e-commerce and technology, you will have the opportunity to work with diverse organisations and tackle unique challenges. This exposure allows for continuous learning and the application of data-driven insights to solve real-world problems across various sectors.
4. Networking Opportunities:
Singapore’s data science community is robust and tightly knit, providing you with unparalleled networking prospects. Collaborating with top-notch professionals, attending industry events, and engaging in knowledge-sharing platforms allow you to build strong connections, exchange ideas, and stay abreast of the latest trends and advancements in the field.
5. Making a Meaningful Impact:
As a data scientist, you possess the power to contribute to significant societal and business advancements. By leveraging your expertise and analysing vast amounts of data, you can generate valuable insights and inform strategic decision-making processes. This empowers you to solve complex problems, drive innovation, and make a tangible and meaningful impact on organisations, industries, and even society as a whole.
Data Scientist Demand in Singapore
Data scientists are highly sought-after in Singapore, and it’s easy to see why. According to LinkedIn’s 2020 Emerging Jobs Singapore report, data scientist roles rank among the top 5 emerging jobs, experiencing tremendous growth over the past 5 years.
Their expertise in data mining, machine learning, predictive analytics, AI, and deep learning empowers businesses to make better data-driven decisions.
Singapore, serving as a technological hub for start-ups and tech giants, will continue to witness increasing demand for skilled data scientists as the region becomes more data-centric.
Salary of a Data Scientist in Singapore
On Glassdoor, it was found that the average salary for a Data Scientist is $6,000 per month in Singapore. Salaries estimates are based on 449 salaries submitted anonymously to Glassdoor by Data Scientist employees in Singapore.
According to Talent.com, the average data scientist salary in Singapore is $83,200 per year. The median based on 280 salaries is $6,933 per month.
Data scientist’s salary varies based on company, industry, and experience level. Multiple factors influence earning potential.Entry-level positions start at $63,300 per year, while most experienced workers earn up to $105,780 per year.
Data Science Course Is Currently Unavailable
Unfortunately, at this time, our data scientist course is currently unavailable. However, we would be delighted to add you to our waiting list. Kindly fill out the form provided, and we will notify you as soon as the course becomes available.
Explore Vertical Institute’s In-demand Courses
Explore our alternative courses: Data Analytics, Digital Marketing, and other exciting options, as the Data Science course is unavailable.
1. Cybersecurity Course:
Delve into the world of cybersecurity and gain the skills necessary to protect data, networks, and systems from cyber threats. Explore various security measures and strategies to safeguard valuable information in today’s digital landscape.
2. Blockchain Course:
Discover the revolutionary potential of blockchain technology and its applications across various industries. Learn about decentralised systems, smart contracts, and the fundamentals of blockchain development, enabling you to harness this transformative technology.
3. Advanced Data Analytics Course:
Take your data analysis skills to the next level with our Advanced Data Analytics Course. Dive deeper into statistical modelling, predictive analytics, and machine learning techniques to extract valuable insights and make data-driven decisions with confidence.
4. Digital Marketing Course:
Explore the dynamic field of digital marketing and learn how to create effective online campaigns, optimise search engine rankings, engage with customers on social media, and leverage digital platforms to grow businesses and reach target audiences.
5. Data Analytics Course:
Develop a solid foundation in data analysis and gain proficiency in techniques such as data visualisation, data interpretation, and statistical analysis. Discover how to transform raw data into actionable insights and drive informed decision-making processes.
Feel free to explore these alternatives and find the perfect fit for your learning journey. Each course offers unique knowledge and skill sets that can enhance your professional profile and open doors to exciting career opportunities.
Why Choose VI for Unleashing Your Full Potential?
At Vertical Institute (VI), we are dedicated to preparing individuals for the jobs of tomorrow. As a leading institution, we specialise in teaching in-demand skills, equipping our students with the tools they need to thrive in the ever-evolving tech landscape. Our world-class tech courses and certifications are designed to nurture the next generation of changemakers and inventors.
But don’t just take our word for it. Here’s what our alumni have to say about their experience with our courses:
Took the Data Science Boot Camp at Vertical Institute just to get a taste of data science and its applications.
I thoroughly enjoyed the course. The entire pre-course process – from registration to class prep – was very easy and straightforward.
Stan, my instructor, was patient with the class and explained the important bits in detail.
Lastly, the capstone project at the end of the course was a little challenging but very doable.
The course was paid for by both my SkillsFuture credits and funding support by the Institute of Banking & Finance Singapore. So I actually didnt have to pay anything to get taught a new skill, which is pretty rare these days.
If you’re looking to get into data or tech courses, I highly recommend Vertical Institute.Joshua Lee
About Vertical Institute
Vertical Institute prepares individuals for the jobs of tomorrow. We specialise in teaching in-demand skills, building the next generation of changemakers and inventors through our world-class tech courses and certifications.