To increase your salary as a data scientist, consider the following options:
- Change of industry: Consider changing to an industry that is more competitive and willing to pay higher salaries. Social networking companies like Google and Facebook often pay premium salaries for data scientists, as do financial organizations or manufacturers.
- Higher education: Data scientists who obtain a doctoral degree are generally able to qualify for more advanced positions and higher salaries.
- Leadership roles: Senior data scientists oversee junior data scientists in addition to their regular responsibilities.