How Data Science is Disrupting the Job Market

Researchers plotted data science and analytics job titles on a two-by-two matrix to visualize the difficulty of filling each position and the number of new positions expected in the United States in the next five years. Data scientist, data engineer and director of analytics are the fastest-growing and hardest-to-fill positions (with high costs to hire).

How Data Science is Disrupting the Job Market
Occupation Number of Postings in 2015 Projected 5-Year Growth Average Time to Fill (Days) Postings Requiring Master’s or Higher Postings Requesting Experienced Workers (at Least 3 Years Prior Work Experience) Average Annual Salary
Budget Analyst 5,769 5% 32 9% 65% $66,921
Business Intelligence Analyst 58,116 19% 37 6% 80% $72,859
Business Intelligence Architect 4,366 27% 47 2% 53% $99,970
Business/Management Analyst 297,455 18% 40 5% 76% $72,483
CIO/IT Director 35,242 14% 56 5% 95% $102,928
Compensation/Benefits Analyst 48,674 15% 36 2% 65% $57,015
Computer Systems Engineer/Architect 117,979 11% 46 4% 88% $86,883
Database Administrator 152,470 11% 43 3% 84% $74,657
Data/Data-Minding Analyst 66,209 13% 38 7% 72% $67,396
Data Engineer 9,911 39% 46 4% 88% $108,808
Data Scientist 14,394 39% 48 43% 82% $105,676
Director of Analytics 1,662 26% 73 4% 98% NA
Finance and Risk Analytics Manager 23,623 12% 40 13% 94% $102,568
Financial Examiner 4,629 24% 34 4% 71% $70,580
Financial Manager 122,798 16% 41 5% 89% $88,805
Human Resources Analytics Manager 848 44% NA 5% 96% $111,095
IT Project Manager 175,661 15% 60 4% 92% $94,164
Marketing Manager 153,117 16% 45 6% 89% $92,225
Market Research Analyst 38,829 23% 40 9% 64% $69,893
Procurement/Sourcing Manager 19,711 8% 42 3% 93% $83,446
Product Manager 64,453 12% 55 5% 89% $100,124
Risk Consultant 4,161 13% 19 5% 84% $91,063
Statistician 9,876 20% 43 36% 71% $69,265
Systems Analyst 205,231 19% 58 3% 81% $73,811

Jobs with highest projected 5-year growth rate and lowest difficulty of filling position:

Jobs with lowest projected 5-year growth rate and lowest difficulty of filling position:

Jobs with lowest projected 5-year growth rate and highest difficulty of filling position:

Jobs with highest projected 5-year growth rate and highest difficulty of filling position:

The Data Science/Analytics Landscape

Source: “The Quant Crunch: How the Demand for Data Science Skills is Disrupting the Job Market” (Burning Glass Technologies, 2017).

Reprinted with permission. Copyright 2017 by Harvard Business Publishing; all rights reserved.


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