• Thu. Apr 25th, 2024

Top Data Scientists in Financial Services: Salaries and Insights from Selby Jennings’ Compensation Report

BySamantha Nguyen

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

As a journalist, I would like to present the following article:

When it comes to high-paying data science roles in financial services, there are several factors that determine the salary. While hedge funds and trading firms are typically the top places to work, banks and fintech companies also offer substantial salaries for data scientists. A recent compensation report from recruitment firm Selby Jennings sheds light on this topic by analyzing 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.

The forthcoming 2024 compensation report from Selby Jennings reveals some interesting insights into data science pay. The average total compensation for a managing director-level position (with 15+ years of experience) in a hedge fund is $777k, with top data scientists potentially earning between $1m and $2m on average – nearly three times the average compensation for senior hedge fund employees.

Selby Jennings’ 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. For junior data scientists in Europe, Switzerland emerges as an attractive location according to Selby Jennings’ data. French data scientists working in banks generally earn more than their German counterparts, whereas the opposite is true on the buy-side. The pay for junior data scientists in London banks appears notably low, with entry-level data scientists in New York earning three times as much.

If you have any confidential story or tip about this topic or any other subject matter please feel free to contact us via SMS, Whatsapp, voicemail or email. We will make sure your message is heard and reported accurately!

By Samantha Nguyen

As a content writer at newsqwe.com, I am passionate about crafting engaging and informative articles that captivate our audience. With a background in journalism and a keen eye for detail, I strive to deliver content that is not only well-researched but also adds value to our readers' lives. From breaking news stories to in-depth features, I take pride in my ability to tell compelling stories that resonate with our diverse audience. When I'm not typing away at my keyboard, you can find me exploring new cafes, practicing yoga, or getting lost in a good book. I am thrilled to be a part of the newsqwe.com team and look forward to sharing my love for writing with all of our readers.

Leave a Reply