• Sat. Apr 13th, 2024

Top Data Science Jobs in Financial Services: Exclusive Pay Report Reveals Hedge Funds Dominate While Banks and Fintechs Offer High Earnings Potential

BySamantha Jones

Apr 3, 2024
Earnings in Banks, Fintechs, and Hedge Funds: A Comprehensive Overview

In the world of high-paying data science roles in financial services, not all jobs are created equal. While hedge funds and trading firms are typically the top places to work, there is still potential to earn substantial money at banks or fintech companies. A new compensation report from recruitment firm Selby Jennings provides insights into data science pay based on seniority, industry sector, and region. According to the report, top data scientists at hedge funds in prime locations like New York and San Francisco can earn more than twice as much as their peers in banking roles.

Selby Jennings’ latest compensation report reveals that the average total compensation for a managing director-level position (with 15+ years of experience) in a hedge fund is $777k. The report also highlights that data scientists can earn between $1m and $2m on average, potentially nearly three times the average compensation for senior hedge fund employees. The study delves into the pay for data scientists in seven additional locations across the US and Europe, offering a comparative analysis of average salaries for analysts in each region.

Junior data scientists in Europe have Switzerland as an attractive location according to Selby Jennings’ findings. French data scientists working in banks generally earn more than their German counterparts, whereas the opposite is true on the buy-side. Entry-level data scientists in London banks appear notably low with junior data scientists in New York earning three times as much and twice as much on the buy-side. To share a confidential story, tip or comment contact via SMS, Whatsapp, voicemail or email. Comments on this article will be moderated by human beings so there may be a delay in posting. Any offensive or libelous content will not be published

By Samantha Jones

As a dedicated content writer at newszxcv.com, I bring a passion for storytelling and a keen eye for detail to every piece I create. With a background in journalism and a love for crafting engaging narratives, I strive to deliver informative and captivating content that resonates with our readers. Whether I'm covering breaking news or delving into in-depth features, my goal is to inform, entertain, and inspire through the power of words. Join me on this journey as we explore the ever-evolving world of news together.

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