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.

  • Muslim group calls for universal peace
    Muslim group calls for universal peace

    As predominantly Catholic Philippines and the rest of the Christian world observe the Holy Week, peace advocates like the Young Muslim Professionals Network (YMPN) are appealing to Filipinos of various creeds and persuasion to embrace the universal message of kindness, love and peace. The group issued the call as peace negotiations between the government and the Moro Islamic Liberation Front teeter due to the Mamasapano incident where members of the rebel group killed 44 police commandos on a …

  • Ex-WB exec pushes BBL passage
    Ex-WB exec pushes BBL passage

    A former World Bank official has warned of dire consequences for the Philippines if the proposed Bangsamoro Basic Law (BBL) is not passed into law. Nigel Roberts, former director on conflict, security and development, said that more conflict could occur without the BBL. “It takes about 15 years to get back to pre-conflict GDP growth rates, and 20 years for trade to recover,” Roberts said in his blog at the World Bank website. The World Bank estimated that economic losses amounted to $10 …

  • Despite typhoon, summer is here
    Despite typhoon, summer is here

    Super Typhoon Chedeng roared toward Luzon as the weather bureau announced the official start of summer in the country yesterday. The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) announced yesterday the official start of the dry or summer season in the country due to the termination of the cold northeast monsoon. “The general public is advised to take precautionary measures to minimize heat stress and take note of the need in optimizing the daily use of …

  • Noy told: Just answer the questions
    Noy told: Just answer the questions

    Just answer the 20 questions. The Makabayan bloc of seven party-list representatives made this appeal to President Aquino yesterday after his spokesman claimed the Chief Executive has already answered most of the questions posed by the militant lawmakers regarding the Mamasapano incident. For instance, he said the President has not yet explained why he allowed then suspended Philippine National Police chief Director General Alan Purisima to take the lead in Oplan Exodus or the mission to …

  • DFA: Malaysia paying rent for Sabah
    DFA: Malaysia paying rent for Sabah

    Malaysia does not acknowledge the Philippine claim over Sabah but the Department of Foreign Affairs (DFA) maintained yesterday that the Malaysian government is paying rent for Sabah, indicating it rightfully belongs to the Philippines. The Malay Mail Online reported that Malaysian Foreign Minister Datuk Seri Anifah Aman said Malaysia has not and does not acknowledge the Philippine claim over Sabah when asked by media about the reported offer of the Philippine government to downgrade its Sabah …

  • 63 OFWs returning from Yemen
    63 OFWs returning from Yemen

    Sixty-three overseas Filipino workers (OFWs) are set to return home from war-torn Yemen, Labor Secretary Rosalinda Baldoz said yesterday. Baldoz said the licensed recruiters of the OFWs have assured the government of their immediate repatriation. Administrator Hans Cacdac of the Philippine Overseas Employment Administration has ordered the recruitment agencies to fulfill their obligation to bring home the OFWs. Baldoz called on Filipinos still in Yemen to avail themselves of the government’s …

  • Jinggoy gets furlough for shoulder checkup
    Jinggoy gets furlough for shoulder checkup

    Despite opposition from ombudsman lawyers, the Sandiganbayan yesterday granted detained Sen. Jinggoy Estrada’s request to undergo a medical checkup at the Cardinal Santos Memorial Hospital. Estrada was allowed to undergo a medical examination for pain in his left shoulder from 3 p.m. to 6 p.m. The senator was ordered to shoulder the expenses incurred by the Philippine National Police in  escorting him. In a pleading filed Monday with the anti-graft court’s Fifth Division, Estrada’s lawyers …

  • Tekken’s Josie Rizal gets flak
    Tekken’s Josie Rizal gets flak

    A professor of the University of the Philippines yesterday hit the portrayal of a Filipino character, whose name was based on Jose Rizal, in a Japanese-produced video game. “(It’s) offensive and unsuited for a big company like Bandai because they have the money to do research,” Gonzalo Campoamor II, professor of Life and Works of Rizal in UP Diliman, told The STAR. Japanese giant Namco Bandai recently introduced Josie Rizal, the first Filipino character in the popular fighting game franchise …

POLL

Should Aquino be held accountable over the Mamasapano operations?

Loading...
Poll Choice Options