TJM Data Scientist: At what price should you hire?
A pillar of data management and analysis, the data scientist can be required to collaborate with several company profiles. An expert in Big Data, he ensures the structuring and security of data to prevent IT risks. It detects breaches, offers protection solutions, and extracts strategic insights from data.
All these skills are worth paying for, and we're going to show you how to calculate your TJM as a data scientist.
Parameters to take into account to calculate the TJM of a Data Scientist
There are several factors to consider when it comes to determining a data scientist's TJM. Here are the main parameters:
The consultant's experience
Experience is a decisive criterion in the price of a Data Scientist. The more years of experience a professional has accumulated in the field, the greater their added value. Experienced data scientists, with their expertise, can claim a higher TJM than junior data scientists.
The Data Scientist Level
Skill level also plays a critical role in establishing the TJM. A data scientist who has reached a confirmed or senior consultant level may ask for a higher rate than a junior.
The duration and the service requested
The duration of the mission is an aspect that should not be overlooked. As a general rule, plus the Freelance assignment The longer the TJM can be traded lower. Long-term projects offer stability to freelance data scientists, which can influence their pricing.
In addition, if the mission proposed by the company is more complex and requires additional skills, the TJM may be revised up.
The geographical location
The location of the project can also play a role in calculating the TMR. Rates may vary depending on the specifics of the market in a given region. In some geographic areas where there is a high demand for data scientists, rates may be higher.
Average of Data Scientist TJMs
A Data Scientist's TJM is subject to variations depending on several factors. On average, it is between 300 and 800 euros per day. However, pricing depends greatly on the seniority of the professional.
Here is an overall estimate:
- Junior: around 350 euros per day
- Confirmed: around 550 euros per day
- Senior: around 650 euros per day
- Expert: 800 euros and more per day
This equates to an annual gross salary of around 40,000 euros for juniors to over 70,000 euros for seniors.
The missions of the data scientist
The missions of the Data Scientist are numerous and can be complex.
He is a versatile expert who intervenes at various stages of the data management and analysis process.
- In most cases, its first task is to collect, store, and process data, ensuring its integrity and security.
- It creates algorithm models, which will allow relevant and predictive conclusions to be drawn from the data collected. Thanks to these models, it is able to respond to the complex statistical problems posed by the company.
- Once the analyses have been carried out, the data scientist reports the results in the form of clear and detailed reports. This strategic information is essential to guide informed decision-making within the organization.
The average duration of a project for a Data Scientist is generally around 5 months, but this can vary depending on the complexity and scope of the mission.
Training to become a data scientist
To become a data scientist, solid training is essential. In general, a Bac +5 to +8 degree course is required. You can opt for business schools, engineering schools or courses in applied mathematics.
Once you graduate, you can start in the world of freelancing as a Data Scientist and offer your skills to various exciting projects.
If you are interested in this project, Beager accompanies you in order to find your first freelance assignment.
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