Daily Ticker

The Sexiest Job of the 21st Century

The sexiest job of the 21st century is not a social media entrepreneur nor Hollywood producer. If you take a cue from the Harvard Business Review, the title goes to data scientists. That’s right. Data scientist, as in, the type of person who can write computer code and harness the power of big data to come up with innovative ways to use it for companies like Google (GOOG), Amazon (AMZN), and Yahoo! (YHOO). (Full disclosure in case you didn’t notice – this writer works for Yahoo!)

Related: ‘Big Data’ Generates Big Returns: Q&A With VC Roger Ehrenberg

Of course you have to buy the logic that what makes a career “sexy” is when demand for your skills outstrips supply, allowing you to command a sizable paycheck and options (as in the kind where there are plenty of employers that would welcome your talent).

Just how in demand are these candidates?

PEHub cites a tech recruiter who says he’s aware of thousands of data science jobs awaiting candidates in the Silicon Valley area. Nationally, McKinsey & Co. estimates the U.S. has as many as 190,000 fewer people with analytic expertise than needed.

This affords big data bigwigs the luxury of choice and a hefty payoff.

PEHub reports pay for data scientists is upwards of $225,000 even for people straight out of graduate school, up from $125,000 just a few years ago. For someone with a few years of experience working in the field, pay can reach much higher. One Seattle software-company CEO describes candidates with these skillsets “almost like unicorns.” One got away from the executive when Microsoft approached the data scientist with a $650,000 salary plus bonuses.

Related: How a 17-Year-Old Brit Is Revolutionizing Mobile News

Courtney Reagan, CNBC reporter and host of Big Data Download, a twice daily show you can find right here on Yahoo! Finance, discusses these unique data-mining skills and what businesses are clamoring for them in the accompanying video.

“They’re not really looking for people who have these computer science backgrounds or folks that perhaps would have previously gone to a hedge fund or a quant team to work on the algorithms, but people from all sorts of other majors – maybe science majors, ecology majors, people who have a different way of thinking about data,” Reagan explains. “There is no major or school you go to learn to be a data scientists.”

The Harvard Business Review actually compares these “data scientists” to the quants of 1980s and 1990s on Wall Street, who pioneered “financial engineering” and algorithmic trading.

Related: Why Warren Buffett is Wrong about High-Frequency Trading

But the burgeoning field of big data has given rise to a new level of big brother. Reagan describes a controversial pilot program at Bank of America (BAC) which improved productivity, but did so by putting tracking devices on employees to monitor their every movement.

Tell Us What You Think!

Got a topic you’d like covered? Have a guest you’d like to see interviewed? Send an email to: thedailyticker@yahoo.com.

You can also look us up on Twitter and Facebook.

More from The Daily Ticker

Cyprus Debacle Shows Not All Euros Are Equal

Bank Board Directors Get Huge Pay Increase For a "Cushy, Part-Time Job"

The Most Expensive Cars at the New York Auto Show

Loading...

Editor’s note:Yahoo Philippines encourages responsible comments that add dimension to the discussion. No bashing or hate speech, please. You can express your opinion without slamming others or making derogatory remarks.

  • US renews travel warning to Mindanao
    US renews travel warning to Mindanao

    The US State Department renewed its warning about the risks of travel to the Philippines, in particular to the Sulu archipelago, certain regions and cities of Mindanao and the southern Sulu Sea area. In an update on Wednesday of a travel warning it issued Nov. 20, 2014, the State Department said US citizens should continue to defer non-essential travel to the Sulu archipelago due to the high threat of kidnapping of international travelers and violence linked to insurgency and terrorism there. …

  • Phl gains support for APEC Action Agenda
    Phl gains support for APEC Action Agenda

    The Philippine initiative to put the interests of micro, small and medium enterprises (MSMEs) front and center in global and regional trade has made significant progress following the conclusion on Thursday of the 2nd APEC Senior Officials’ Meeting (SOM2) and Related Meetings in Boracay, Aklan. Called “The Boracay Action Agenda to Globalize MSMEs,” the Philippine proposal calls for a host of specific, concrete and practical interventions that APEC economies can implement to provide MSMEs wider …

  • Phl to join Bangkok meet on Rohingya crisis next week
    Phl to join Bangkok meet on Rohingya crisis next week

    The Philippines will join a 15-nation meeting in Bangkok, Thailand next week to address the migration crisis involving thousands of Rohingyas who escaped persecution in Myanmar and Bangladesh. Justice Secretary Leila de Lima bared this yesterday after meeting with United Nations High Commission for Refugees (UNHCR) representative to the Philippines Bernard Kerblat. In an interview, De Lima said the Philippine government has been invited to the meeting. …

  • Magnitude 4.2 quake jolts Sorsogon
    Magnitude 4.2 quake jolts Sorsogon

    LEGAZPI CITY—A magnitude 4.2 earthquake hit Prieto Diaz town in Sorsogon before dawn yesterday, the Philippine Institute of Volcanology and Seismology (Phivolcs) said. …

  • Drought-resistant rice breeds bared
    Drought-resistant rice breeds bared

    SCIENCE CITY OF MUÑOZ, Nueva Ecija – Amid the searing heat, the Philippine Rice Research Institute central experiment station here has identified nine rice breeds which have been proven to be drought-resistant and produce high yields in temperatures as high as 38°C based on a recent study. Thelma Padolina, lead researcher of the study titled “Screening of rice-induced mutants for heat and drought tolerance,” identified the breeding lines as the Ballatinaw lines, PSB Rc72H and Azucena lines. …

  • Phl, US assert rights, ignore China warning
    Phl, US assert rights, ignore China warning

    The United States military will continue air and sea patrols in international waters even after the Chinese navy repeatedly warned a US surveillance plane to leave the airspace over artificial islands China is creating in the disputed South China Sea. The Philippine government also declared it would continue activities in the region, calling on China to respect freedom of navigation and aviation. “Our position on the importance of letting freedom of navigation, freedom of aviation and …

  • MM shutdown eyed for quake drill; 6 schools warned
    MM shutdown eyed for quake drill; 6 schools warned

    Electricity and mobile phone services would be cut throughout Metro Manila, and all private and government offices and businesses, including shopping malls, would be closed. The Philippine Institute of Volcanology and Seismology (Phivolcs) has warned that an earthquake of that magnitude could occur and kill at least 33,500 people and injure at least 113,600 others following a movement in the West Valley Fault. The West Valley Fault has moved four times in the past 1,400 years at an interval …

  • Subaru XV now priced among sedans
    Subaru XV now priced among sedans

    Motor Image Philipinas (MIP), the authorized distributor of Subaru in the country, has positioned its brand new crossover SUV, the Subaru XV, well within the sedan segment’s price range. This move, according to MIP, was made to give the public an opportunity to experience the brand’s unique automotive technologies by lowering its price. Buyers of […] The post Subaru XV now priced among sedans appeared first on Carmudi Philippines. …

POLL

Should Aquino be held accountable over the Mamasapano operations?

Loading...
Poll Choice Options