The Burtch Works Study 2017: Salaries of Predictive Analytics Professionals
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Working in Predictive Analytics and want to know your market value? Or are you a hiring manager who wants to keep your offers competitive? Burtch Works compiles salary data to create comprehensive salary reports, with complete demographics and hiring market insights. View an overview of our findings in this deck, and visit burtchworks.com/study to download the full report for free!
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The Burtch Works Study 2017: Salaries of Predictive Analytics Professionals
- 1. The Burtch Works Study Salaries of Predictive Analytics Professionals 2017
- 2. 5th Annual Predictive Analytics Salary Study Compensation & demographic data Base salaries, plus bonuses Job category Industry & region Residency status Education & gender
- 3. In this deck Identifying predictive analytics professionals Demographic profile Salary changes and trends Other noteworthy findings Key trends and implications
- 5. Predictive Analytics Professionals are… Working with vast quantities of (mostly structured) data Gleaning insights via model development Prescribing action for their organization
- 6. Predictive Analytics Professionals have… Formal training in a traditional program: Statistics Mathematics Operations Research Economics Experience with new programs: MS in Predictive Analytics MS in Business Analytics Training through MOOCs or bootcamps: Coursera, Udacity, Metis, etc.
- 7. Using traditional analytics tools R SAS SQL Experimenting with other tools Python Hive Hadoop Spark Data visualization Predictive Analytics Professionals are…
- 8. Predictive Analytics Professionals are increasingly supporting open source tools Predictive Analytics Pros R 42% SAS 39% Python 20% Burtch Works © 2017
- 9. 41% 41% 42% 16% 20% 59% 43% 39% 0% 20% 40% 60% 80% 100% 2015 2016 2017 Predictive Analytics tool preference over time R Python* SAS *Python option added in 2016 Burtch Works © 2017
- 10. Predictive Analytics Professionals don’t include Web Analytics Traditional MBA’s Business Intelligence Information Technology Survey and Marketing Researchers Excel, PowerPoint, Adobe Analytics, Google Analytics, Tableau
- 11. Predictive Analytics vs. Data Science Predictive Analytics Professionals Analyze data to glean insights and prescribe action Quantitative skills Structured data Data Scientists Analyze data to glean insights and prescribe action Quantitative skills Unstructured, streaming data Computer science/coding Work on every stage of data life-cycle © 2017 Burtch Works LLC
- 13. Profiles matched to job categories Individual Contributors Level 1: 1-3 years of experience early career professional Level 2: 4-8 years hands on, more advanced Level 3: 9+ years analytics subject matter expert Managers Level 1: 1-3 direct reports tactical manager Level 2: 4-9 direct reports leads a function Level 3: 10+ direct reports executive leader, sets strategy © 2017 Burtch Works LLC
- 14. Predictive Analytics Pros are young 0 100 200 300 400 500 600 700 0-5 6-10 11-15 16-20 21-25 26-30 30+ Years of Experience Data © 2017 Burtch Works LLC PredictiveAnalyticsProfessionals
- 15. Predictive Analytics Pros are highly educated Ph.D. ABD 1% Ph.D. 16% Bachelor's 12% Master's 71% Data © 2017 Burtch Works LLC
- 16. Many Predictive Analytics Pros are foreign born U.S. Citizen 61% Other 1% F-1/OPT 4% H-1B 16% Perm. Resident 18% Data © 2017 Burtch Works LLC
- 17. Over half of early-career Predictive Analytics Pros are foreign born 0% 20% 40% 60% 80% 100% IC-1 IC-2 IC-3 U.S. Citizen H-1B F-1/OPT Perm. Res. Other Data © 2017 Burtch Works LLC
- 18. Financial Services & Adv/Mktg employ the most Predictive Analytics Pros 0% 10% 20% 30% Academia/Gov CPG Healthcare/Pharma Corporate-Other Retail Consulting Tech/Telecom/Gaming Advertising/Marketing Financial Services Data © 2017 Burtch Works LLC
- 19. 27% of Predictive Analytics Pros are female Data © 2017 Burtch Works LLC
- 20. 36% of executive leaders are female 11% of early-career Predictive Analytics Pros are female Data © 2017 Burtch Works LLC
- 22. Predictive Analytics salaries are leveling off Individual Contributors $0 $50,000 $100,000 $150,000 $200,000 $250,000 IC-1 IC-2 IC-3 2017 2016 +3% 0% +4% $130,000 $95,000 $78,000 Data © 2017 Burtch Works LLC
- 23. 5-Year Salary Trend: Individual Contributors Level 2013 2014 2015 2016 2017 IC-1 $65,000 +14% +3% -1% +4% IC-2 $85,000 +4% +2% +6% 0% IC-3 $115,000 <1% +9% +1% +3% Data © 2017 Burtch Works LLC
- 24. Predictive Analytics salaries are leveling off Managers $0 $50,000 $100,000 $150,000 $200,000 $250,000 MG-1 MG-2 MG-3 2017 2016 +8% +1% 0% $177,000 $130,000 $243.5k Data © 2017 Burtch Works LLC
- 25. 5-Year Salary Trend: Managers Level 2013 2014 2015 2016 2017 MG-1 $120,000 +2% +3% +4% 0% MG-2 $151,500 +6% +6% +4% +1% MG-3 $215,000 +5% +4% -4% +8% Data © 2017 Burtch Works LLC
- 27. Residency trends show strong interest among citizens at early career level 0% 20% 40% 60% 80% 100% 2015 2016 2017 U.S. Citizen H-1B F-1/OPT Perm. Res. Other Data © 2017 Burtch Works LLC
- 28. Predictive Analytics Pros with advanced degrees earn more Master’s, 64% Master’s, 59% Master’s, 48% $0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 $140,000 $160,000 Bachelor's Master's Ph.D. Level 1 Managers $122k $132k $135k Data © 2017 Burtch Works LLC
- 29. $140K West Coast Midwest Northeast Coastal Predictive Analytics Pros earn higher salaries Level 1 Managers $126K $135K Data © 2017 Burtch Works LLC
- 30. Salaries vary by industry Level 3 Individual ContributorsData © 2017 Burtch Works LLC $0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 $140,000 $160,000 Advertising/ Marketing Consulting CPG Financial Services Healthcare/ Pharma Retail Tech/ Telecom/ Gaming Other Corporate
- 31. Predictive Analytics salary increases when changing jobs Data © 2017 Burtch Works LLC 14.3% median base salary increase when changing jobs
- 32. 0% 5% 10% 15% 20% 25% 30% Predictive Analytics salary increases when changing jobs Data © 2017 Burtch Works LLC Salary Increase PercentageofProfessionals
- 33. Recap/Demographics of Predictive Analytics Pros 71% hold a Master’s, 17% hold PhD’s 58% have 10 or less years’ experience 45% employed in financial services or in marketing/advertising 39% foreign-born 27% female Data © 2017 Burtch Works LLC
- 34. Recap/Compensation of Predictive Analytics Pros Base salaries shifted only by single digits Highest increase for executive leaders Highest salaries paid on the coasts Salaries vary significantly by industry Master’s/PhD’s earn higher salaries Data © 2017 Burtch Works LLC
- 35. Additional data is available in our full report burtchworks.com/study 35+ pages Demographics Compensation Year-Over-Year Trends Qualitative Insights Quartiles/Means
- 37. Use cases for Predictive Analytics are diversifying Master’s, 64% Master’s, 59% Master’s, 48% 0% 10% 20% 30% 40% 50% 60% 2015 2016 2017 Data © 2017 Burtch Works LLC Financial Services & Advertising/Marketing All Other Industries Percentage of PAPs Employed by Industry
- 38. As lines between Predictive Analytics and Data Science continue to blur, familiarity with a wide range of tools increases your marketability
- 39. Employers should invest in learning & training, since this is attractive to strong candidates
- 40. Companies need insight, not just data, to drive value.
- 41. Analytics needs ambassadors, especially for a new capability to be successful.
- 42. About Burtch Works Leading resource for analytics, data science, and marketing research talent Download our salary reports burtchworks.com/study 30+ pages of data for: Predictive Analytics Data Science Marketing Research
- 43. Contingency & Retained Services Entry Analyst up to Chief Analytics Officer info@burtchworks.com Hiring Predictive Analytics Professionals?
- 44. Explore new roles or post a job and find niche talent on jobs.burtchworks.com • Predictive analytics • Data science • Marketing research • Consumer insights • Credit/risk analytics • Fraud analytics • Web analytics • Digital marketing/analytics …and many more!
- 45. Visit burtchworks.com/blog for more insights • Career advice • Hiring market insights • Additional salary research • Burtch Works news and updates
- 46. Follow Burtch Works on social media to stay updated on our latest research.
- 47. Learn more… Download @ www.burtchworks.com/study Email us @ info@burtchworks.com