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Data science is one of the most sought-after and lucrative fields in the world today. Data scientists use various tools and techniques to analyze large and complex data sets, extract insights, and provide solutions for various problems. Data scientists are in high demand in various industries such as finance, healthcare, e-commerce, education, and more.
But how much do data scientists earn in Bangladesh? What are the factors that affect their salary? And what are the benefits and challenges of working as a data scientist in Bangladesh? In this article, we will try to answer these questions based on the available data and sources.
Average Salary of Data Scientists Per Month
According to Salary Explorer, the average salary of a data scientist in Bangladesh is around 42,200 BDT per month. This is equivalent to about $500 per month or $6,000 per year. The salary range for data scientists in Bangladesh is from 19,400 BDT (lowest) to 67,100 BDT (highest).
However, this average salary may vary depending on various factors such as experience, education, skills, location, industry, and company. For example, according to Glassdoor, the average salary of a data scientist in Dhaka, the capital city of Bangladesh, is 117,500 BDT per month. This is almost three times higher than the national average. The salary range for data scientists in Dhaka is from 40,000 BDT (lowest) to 800,000 BDT (highest).
Similarly, according to PayScale, the median salary of a data scientist in Bangladesh is 140,000 BDT per year. The salary range for data scientists in Bangladesh is from 98,000 BDT (lowest) to 600,000 BDT (highest).
The table below summarizes the average salary of data scientists in Bangladesh from different sources:
| Source | Average Salary (BDT) | Salary Range (BDT) |
|---|---|---|
| Salary Explorer | 42,200 / month | 19,400 – 67,100 / month |
| Glassdoor | 117,500 / month | 40,000 – 800,000 / month |
| PayScale | 140,000 / year | 98,000 – 600,000 / year |
Factors Affecting Data Scientist Salary in Bangladesh
As mentioned earlier, the salary of a data scientist in Bangladesh may vary depending on various factors. Some of the most important factors are:
- Experience: As with any other profession, experience plays a crucial role in determining the salary of a data scientist. Generally, the more experienced a data scientist is, the higher their salary will be. According to PayScale, the average salary of a data scientist with less than one year of experience is 102,000 BDT per year. The average salary of a data scientist with one to four years of experience is 140,000 BDT per year. The average salary of a data scientist with five to nine years of experience is 300,000 BDT per year. And the average salary of a data scientist with more than ten years of experience is 600,000 BDT per year.
- Education: Education also plays an important role in determining the salary of a data scientist. Generally, the higher the level of education a data scientist has, the higher their salary will be. According to PayScale, the average salary of a data scientist with a bachelor’s degree is 140,000 BDT per year. The average salary of a data scientist with a master’s degree is 300,000 BDT per year. And the average salary of a data scientist with a doctoral degree is 600,000 BDT per year.
- Skills: Skills are another important factor that affects the salary of a data scientist. Data science is a multidisciplinary field that requires various skills such as programming, statistics, machine learning, data visualization, communication, and domain knowledge. The more skills a data scientist has and the more proficient they are at them, the higher their salary will be. According to PayScale, some of the most valuable skills for a data scientist in Bangladesh are Python, R, SQL, TensorFlow, and Tableau. The table below shows the average salary of a data scientist in Bangladesh based on their skills:
| Skill | Average Salary (BDT) |
|---|---|
| Python | 140,000 / year |
| R | 140,000 / year |
| SQL | 140,000 / year |
| TensorFlow | 300,000 / year |
| Tableau | 300,000 / year |
- Location: Location is another factor that affects the salary of a data scientist. Generally, the salary of a data scientist will vary depending on the cost of living, the demand and supply of data scientists, and the economic development of the location. According to Glassdoor, the average salary of a data scientist in Dhaka is 117,500 BDT per month. The average salary of a data scientist in Chittagong is 50,000 BDT per month. And the average salary of a data scientist in Sylhet is 40,000 BDT per month.
- Industry: Industry is another factor that affects the salary of a data scientist. Generally, the salary of a data scientist will vary depending on the type, size, and profitability of the industry they work in. According to Glassdoor, some of the industries that pay the highest salaries for data scientists in Bangladesh are finance, e-commerce, and technology. The table below shows the average salary of a data scientist in Bangladesh based on their industry:
| Industry | Average Salary (BDT) |
|---|---|
| Finance | 150,000 / month |
| E-commerce | 120,000 / month |
| Technology | 100,000 / month |
- Company: Company is another factor that affects the salary of a data scientist. Generally, the salary of a data scientist will vary depending on the reputation, size, and revenue of the company they work for. According to Glassdoor, some of the companies that pay the highest salaries for data scientists in Bangladesh are Pathao, IDLC Finance, and Robi. The table below shows the average salary of a data scientist in Bangladesh based on their company:
| Company | Average Salary (BDT) |
|---|---|
| Pathao | 62,500 / month |
| IDLC Finance | 90,833 / month |
| Robi | 100,000 / month |
Benefits and Challenges of Working as a Data Scientist in Bangladesh
Working as a data scientist in Bangladesh has its benefits and challenges. Some of the benefits are:
- High demand: Data science is one of the fastest-growing and most in-demand fields in the world today. Data scientists are needed in various industries and sectors to solve complex problems and provide valuable insights. According to LinkedIn, there are over 200 job openings for data scientists in Bangladesh as of June 2023.
- High impact: Data science is one of the most impactful fields in the world today. Data scientists can make a positive difference in various domains such as healthcare, education, environment, social justice, and more. Data scientists can use their skills and knowledge to improve lives, empower communities, and drive innovation.
- High satisfaction: Data science is one of the most satisfying fields in the world today. Data scientists can enjoy working on challenging and interesting projects that require creativity and curiosity. Data scientists can also learn new skills and technologies constantly and keep themselves updated with the latest trends and developments.
Some of the challenges are:
- Low supply: Data science is one of the most competitive and demanding fields in the world today. Data scientists require a high level of education, skills, and experience to perform well in their jobs. However, there is a low supply of qualified and talented data scientists in Bangladesh due to various reasons such as lack of awareness, education opportunities, training resources, and mentorship.
- Low recognition: Data science is one of the most underrated and misunderstood fields in the world today. Data scientists often face challenges such as lack of recognition, appreciation, and support from their employers, clients, and stakeholders. Data scientists also have to deal with issues such as unclear expectations, miscommunication, and ethical dilemmas.
- Low compensation: Data science is one of the most underpaid fields in the world today. Data scientists often face challenges such as low compensation, inadequate benefits, and unequal pay compared to their counterparts in other countries or regions. Data scientists also have to deal with issues such as high taxes, inflation, and currency devaluation.
Conclusion
Data science is one of the most exciting and rewarding fields in the world today. Data scientists can enjoy working on diverse and meaningful projects that require various skills and techniques. Data scientists can also earn a decent income that can support their lifestyle and career goals.
However, working as a data scientist in Bangladesh also has its drawbacks and difficulties. Data scientists have
