Key Insights Into The Asia Pacific Data Science Market
APAC Data Science Salary Report Key Findings
Following the successes from our previous salary reports within the Data Science market for Singapore in 2017, and Asia Pacific as part of a global report in 2018, this year we undertook a more focused look into the Asia Pacific Data Science market in its own exclusive report.
With responses from over 600 Data Science professionals in the region, we’ve compiled our most data-rich report to date. The top countries with the highest volume of responses from are Singapore, Australia, Malaysia, Thailand and China. From these, the majority of responses have been from Data Scientists however, we’ve also had a large response from all levels across the spectrum – engineers and researchers, students to C-level – offering up a broader look into the market.
Some key findings from the survey are as follows:
Years with current company vs Years’ Experience
We found that the respondents in Asia (Pacific) are, on the whole, well experienced. When compared to the years they’ve been working at their present company, there is a trend of over 75% that have been at their current company for two years or less. This is indicative of the continued lack of supply of Data Science talent and the heightened demand for these professionals.
The countries that pay more for PhD level talent revealed
We can see that countries like China, Japan and Malaysia, there is a greater difference in pay between Master’s level and PhD level talent, where PhD’s are more sought after for top-level positions, and can command a higher salary as compared to counterparts in Singapore, Hong Kong or Australia, where because of heightened demand, companies are willing to pay those with Masters similar salaries to that of PhD level candidates to be able to fill hiring gaps within companies.
Changes in why people would seek new jobs
For a second year, higher earning potential remains the driver for people finding new jobs. However, it is interesting to note that there has been a shift in people’s priorities for wanting to work on more meaningful projects over the desire for a better work-life balance. This could be due to an increased amount of employers seeing the value of offering more flexible working arrangements for staff as the demand for this amongst workers increases.
To get your copy of the report in full, for free, visit : https://www.bigcloud.io/salary-survey/
To have your say in next years’ survey, take part at : https://www.bigcloud.io/salary-survey-apac/