Data Scientist Salary in Canada in 2024: Scope, Average Salary, Requirements
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Table of Contents
- Scope of Data Scientist in Canada
- Which are the Highest Paying Cities for Data Scientists in Canada?
- Average Salary in Canada for Experienced Data Scientists
- In-Demand Skills for Data Scientist Jobs in Canada
- Data Scientist Job Roles in Canada & Average Annual Salary
- Top Companies Hiring Data Scientists and Their Average Annual Salary
- What are the Minimum Requirements to Work in Canada as a Data Scientist?
- Data Scientist Salaries in Canada: Your Journey to Financial Prosperity
Are you curious about the earning potential of a data scientist in Canada in 2024? Wondering about the scope of this dynamic field and what it takes to kickstart a career in data science? Look no further. We'll delve into the average salaries, the growing scope, and the essential requirements for data scientists in Canada.
Discover the possibilities that lie ahead in this exciting profession and let’s deep dive and explore Data Scientist salary in Canada.
Scope of Data Scientist in Canada
Discover the vast scope of data science careers in Canada and unlock the benefits of being a data scientist in Canada. Explore the exciting opportunities, competitive salaries, and growing demand for data professionals.
- According to the latest report, there will be 29,300 new job openings for data scientists and data administrators from 2022-2031, with 32,700 job seekers expected to fill them.
- The IT sector is projected to witness a substantial 22.4% growth FY 2021 to 2024.
- The average salary of a data scientist with 1-3 years of experience is CA$121,000
- Canada has an estimated investment of 1.26 Billion Dollars for Data Scientist Jobs as per the Canadian government
- Canada's Express Entry category utilizes occupation-specific draws to boost the numbers, particularly in STEM fields like data science roles.
- As per the Conference Board of Canada, the country is set to fill more than 575,000 fresh STEM (Science, Technology, Engineering, and Mathematics) jobs in the next five years.
Which are the Highest Paying Cities for Data Scientists in Canada?
Explore the highest-paying cities for data scientists in Canada with the graph below, showcasing the average salaries for this profession across various locations. Additionally, delve into the table below for a comprehensive overview of the highest, lowest, and average data scientist salaries in Canada.
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Ottawa, ON |
$114,232 |
$86,710 |
$157,587 |
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Toronto, ON |
$105,343 |
$96,151 |
$153,418 |
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Vancouver, BC |
$100,883 |
$100594 |
$151,180 |
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Mississauga, ON |
$94389 |
$88,634 |
$138,706 |
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Montréal, QC |
$101000 |
$88,027 |
$138,527 |
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Regina, SK |
$92,522 |
$88,022 |
$136,533 |
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Calgary, AB |
$88,700 |
$90885 |
$134,142 |
|
Brampton, ON |
$90,900 |
$84,370 |
$133,085 |
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Victoria, BC |
$88,621 |
$76464 |
$126,853 |
Average Salary in Canada for Experienced Data Scientists
With a master's in data science, salaries show remarkable growth, reaching up to approximately 199,000 CAD for senior-level professionals. For those with a Ph.D., the potential salary is around CAD 273,000. Conversely, individuals with a bachelor's degree can expect an average salary of CAD 149,000.
Below is an approximate salary chart that outlines data scientist salaries based on experience levels.
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Entry-Level |
0-2 years |
CAD 65,000 to CAD 85,000 |
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Mid-Level |
3-7 years |
CAD 95,000 to CAD 120,000 |
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Senior-Level |
8+ years |
CAD 137,000 to CAD 190,000 |
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In-Demand Skills for Data Scientist Jobs in Canada
Here are the essential skills illustrated in the table below, sought after by employers for data scientist positions in Canada. These in-demand skills are crucial for excelling in the field and securing rewarding job opportunities.
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1. Mathematical Proficiency |
Mastery of mathematical and statistical calculations. |
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Proficiency in calculus and mathematics for machine learning. |
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2. Programming Expertise |
Proficiency in programming languages like Java, Python, Hadoop, SQL, and C++. |
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Essential for effective data analysis and modeling. |
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3. Data Communication and Visualization |
Ability to represent data in a simple and visually understandable manner. |
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Utilization of tools like Tableau and Power Business Intelligence for effective data communication. |
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4. Software Engineering Skills |
Proficiency in software engineering to handle large data sets. |
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High demand and premium pay for data scientists with software engineering abilities. |
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5. Data Analytics and Modeling |
Strong analytical and critical thinking skills. |
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Ability to create various data models for understanding and predicting outcomes. |
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6. Effective Communication |
Strong communication skills to convey data insights and findings. |
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Vital for explaining data visualization approaches and business forecasts. |
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7. ETL (Extraction, Loading, and Transformation) Skills |
Expertise in extracting data from various sources and transforming it into the right format. |
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Knowledge of data warehousing and interpretation. |
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8. Intellectual Thinking |
Ability to think critically and solve complex problems. |
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Curiosity and creativity in interpreting data. |
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9. Machine Learning and Deep Learning |
Proficiency in machine learning algorithms and forecasting. |
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Knowledge of deep learning concepts using Python and TensorFlow. |
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Data Scientist Job Roles in Canada & Average Annual Salary
Are you interested in starting a career in data science in Canada? It's crucial to understand the different job positions and their respective yearly salaries to analyze How much a data scientist makes in Canada.
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Machine learning scientist |
These professionals work with data and construct machine-learning models for smart decision-making. |
₹9934749 |
$162,625 |
|
Data Analyst |
Data analysts are highly sought-after in various Canadian sectors, offering abundant job opportunities. |
₹3690808 |
$60,416 |
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Machine Learning Engineer |
The growing data-driven industry in Canada demands machine learning engineers with strong programming, communication, data modeling, and analytics skills. |
₹8552589 |
$140,000 |
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Business Analyst |
Business analysts require effective communication, programming knowledge, and decision-making abilities for their careers in Canada. |
₹4800079 |
$78,574 |
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Data Architect |
Data architects are responsible for designing, deploying, and managing an organization's data structure. |
₹44948284 |
$81,000 |
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Data Mining Engineer |
Data mining engineers are in high demand for interpreting data in high-traffic transactional systems. |
₹4928307 |
$80,673 |
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Business Intelligence Developer |
These engineers utilize business intelligence software to interpret and present data for organizations, suitable for individuals with data science and software engineering skills. |
₹5006014 |
$81,945 |
Top Companies Hiring Data Scientists and Their Average Annual Salary
Here is a list of the most prominent businesses that are currently seeking to hire data scientists. Additionally, I have included the average annual salary that these companies tend to offer to their data science professionals. This information can be useful for current data scientists who are interested in exploring new job opportunities.
The Hospital for Sick Children | $133,000 |
Zillow | $118,000 |
RBC | $88,700 |
Microsoft | $125,000 |
Amazon | $103,000 |
Canadian Security Intelligence Service | $98,000 |
Capital One | $70,000 |
Boing | $115,000 |
What are the Minimum Requirements to Work in Canada as a Data Scientist?
There are some minimum prerequisites to pursue a career as a data scientist in Canada. Below are the requirements, including the education, skills, and experience needed to work in this dynamic field and seize lucrative opportunities.
- Typically, a bachelor's degree in fields such as statistics, mathematics, computer science, computer systems engineering, or related disciplines, or the completion of a college program in computer science, is a common requirement.
- In many cases, candidates are expected to hold a master's or doctoral degree in machine learning, data science, or a related quantitative field.
- Proficiency in programming is generally expected as part of the qualifications.
- Additionally, practical experience in statistical modeling or machine learning is typically a prerequisite.
Data Scientist Salaries in Canada: Your Journey to Financial Prosperity
In conclusion, understanding data scientist salaries in Canada is pivotal for embarking on a prosperous career journey in this dynamic field. With an ever-increasing demand for skilled professionals and competitive salaries, Canada offers abundant opportunities for data scientists.
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Frequently Asked Questions
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