Job of the week: Data scientist

Job description

A data scientist churns out and analyses large volumes of data. He or she builds business models that help fi rms arrive at strategic decisions. The niche role is both challenging and rewarding.

Who is hiring

Banking and financial sector, IT, social media agencies, business consulting firms, pharma and healthcare.

Why the job is in demand

Data science has been identified as a powerful tool to explore new possibilities for business growth and profi tability. With firms deploying datadriven strategies to gain a competitive edge and explore new avenues, demand for data scientists is on the rise.

To manage and address the growing need, companies are recruiting a large number of statisticians and mathematicians who are given inhouse training on the relevant software tools. Companies are also partnering with academia to customise their curricula to meet industry requirements.

Qualification and experience required: A bachelors degree in mathematics, statistics, economics, probability or computer science with 7-10 years of work experience.

Salary: Rs 15 lakh to Rs 25 lakh per annum

Industry take

This role requires knowledge of the business environment and statistical and analytical tools, besides the ability to predict market movements. Barring the consulting and IT sector, professionals work closely with the top management. - Dhurv Desai, HR head, Angel Broking