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My 7 Sources of Income as a Data Scientist | by Egor Howell | Oct, 2024


All the ways I make money as a practising data scientist

Photo by Alexander Grey on Unsplash

Being a data scientist gives you many opportunities to generate multiple streams of income. In this article, I want to break down my 7 sources to hopefully give you some ideas that you can try yourself.

Nothing in here is financial advice.

My primary and most significant source of income is my full-time job as a data scientist. I have been in this career for over three years, and I love it.

I get to work on so many interesting problems, apply various algorithms, and use cutting-edge technologies like Generative AI daily.

As I have discussed in previous articles, becoming a data scientist is not easy. It takes a lot of effort and learning to break into the field, especially now.

However, that effort is rewarded very well. I can’t state my salary to respect my employer, but I earn quite a bit more than the average salary in the UK.

This is by no means to “flex,” but I am just being honest about the pay scale you can expect as a data scientist — and I am far off from being a millionaire!



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