Scope of Masters in Data Science in Australia
Upon graduating, there is a huge scope of data science in Australia, specifically for those candidates who fetch good scores throughout their academics. Your sound knowledge of computing and statistical methodology will equip you for one of the best careers in the field of data science while also helping you evolve as the field of data science evolves from time to time. For the uninitiated, masters in data science are in huge demand in Australia, with reports claiming that data scientists earn around three times more than the national average salary. Also, a recent survey by the IAPA or Institute of Analytics Professionals of Australia states that the top data science professionals in the country earn around $300,000 every year.
Job opportunities after masters in data science in Australia are available in consulting firms, financial services companies, government organisations, telecommunication companies, IT firms, public research institutions and universities. Career prospects of data science in Australia abound, with the graduates working at the highest-paying positions in companies. Popular career profiles include data scientist, data analyst, data infrastructure engineer, software engineer, statistician and business intelligence analyst. Since the field of data science is constantly evolving, graduates can also be employed in titles such as research scientist, data miner, analytics specialist, data architect, web analyst, analytics programmer, management advisor, analytics manager, strategist, analytics consultant, market research analysts, marketing specialists, risk analyst, supply chain analyst, big data manager, actuarial consultants and portfolio manager.
Nevertheless, the best careers to consider after completing your master's in data science in Australia are data modellers or, architects and statisticians. That's because the salary range for these career profiles is huge, and there are good scopes of growth in this field as well. As a statistician, you need to analyse data and create interpretations and projections. You will also play an important role in producing statistical inferences based on available or collected data within an organisation. Conversely, as a data architect or modeller, you need to use data for modelling situations and finding the best results. You also need to build IT-facing and statistical systems to model current operations and solve numerous problems.
The past decade has seen an exponential increase in the demand for data expertise, and this is only set to grow further with an overload of AI and big data. So, taking up a master's in data science in Australia is probably a good idea as it offers you the required skills to pursue an internationally mobile career.
>For more information about career profiles you can pursue after your master's in data science in Australia, consult the study experts at GoAustralia.