Key Findings in the Asia Pacific
Following the success of our previous salary reports within the Data Science market for the Asia Pacific, we undertook a more focused look into the Data Science market.
With responses from over 600 Data Science professionals in the region, we’ve compiled our most data-rich report to date. The countries with the highest volume of responses were Singapore, Australia, Malaysia, Thailand and China. The majority of responses were from Data Scientists, however, we’ve also seen a large response from all levels. Including engineers and researchers, students to C-level – we’re able to offer a broader look into the market.
Some key findings from the survey are as follows:
Years with current company vs Years’ Experience
We found that the respondents in the Asia Pacific are, on the whole, very experienced. Compared to the years they’ve been working at their present company, over 75% have been at their current company for two years or less. This is indicative of the continued lack of supply of Data Science talent and the heightened demand for these professionals.
The countries that pay more for PhD level talent revealed
We can see that in countries like China, Japan and Malaysia, there is a difference in pay between Master’s and PhD level talent. Here, PhDs are more sought after for top-level positions and can command a higher salary. Whereas in Singapore, Hong Kong and Australia, companies are willing to pay those with Masters similar salaries to that of PhD level candidates. This enables companies to fill hiring gaps within companies.
Changes in why people would seek new jobs
For a second year, higher earning potential remains the driver for people finding new jobs. However, there has been a shift in other priorities. Candidates now want to work on more meaningful projects over the desire for a better work-life balance. This could be due to an increase of employers offering more flexible working arrangements for staff as the demand for this amongst workers increases.
To get your copy of the report or have your say in next year’s survey click here.
