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Omega


Total Posts: 426
Joined: Jul 2006
 
Posted: 2017-07-21 13:11
What is the average pay for Data scientist in finance?

Skills set would be python,sql +AI, ML and Deep learning experience



Maggette


Total Posts: 968
Joined: Jun 2007
 
Posted: 2017-07-21 18:31
That very very much depends on the shop you would be working for and the kind of work you would be doin..and of course the country you live in.

"In Finance" can mean a lot of things. Commercial or investment banking, hedge funds, mutual funds, prop market maker, exchanges, regulators and auditors, specialized software companies....

If head hunters offer me positions that include machine learning and are from the finance world, they are kind of "blue skye" reserach projects that IMHO will lead to nothing useful. Payment was also more on the lower end of spectrum what I get offered these days.

Ich kam hierher und sah dich und deine Leute lächeln, und sagte mir: Maggette, scheiss auf den small talk, lass lieber deine Fäuste sprechen...

Omega


Total Posts: 426
Joined: Jul 2006
 
Posted: 2017-07-22 11:41
UK

So is pay higher in ML outside of finance? and by finance generally i mean buy side (HF/Market Makers) or sell side (banks)

Maggette


Total Posts: 968
Joined: Jun 2007
 
Posted: 2017-07-22 14:35
Hi,

I am from Germany, and only twice was offered a projects (freelancer, not permanent) that combined finance in UK and Machine Learning . The first time we even didn't talk about money. So my sample is to small to add value here. The second time it was okay,. Roughly a 900EURs a day, but I had to live in London.

In Germany the freelancer finance ML projects that were offered to me were more on the lower end.

So again sorry, I am probably no help here. Others will have to step in.

Ich kam hierher und sah dich und deine Leute lächeln, und sagte mir: Maggette, scheiss auf den small talk, lass lieber deine Fäuste sprechen...

katastrofa


Total Posts: 362
Joined: Jul 2008
 
Posted: 2017-07-29 20:32
As a datapoint: I got an offer from an extremely prestigious company doing ML/AI research in London. The cash amount was significantly below what you get in finance, but equity part was very generous.
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