Is Fintech really king of data science/ machine learning salaries?
I've been going back and forth with a few fintech opportunities and the all in is $700k-$1m across each of them. For context I have 3 professional years experience, one patent contribution and finishing masters at a top 15 university and have only one contribution to publication. I was always under the impression big tech is where the real payout is in machine learning. Now I'm starting to wonder otherwise.
Can you give some examples of companies?
What are we defining as "fintech"? Because in my head fintech is startups in the fintech space and innovation centres in financial services firms.. Not quant finance for e.g.
A combo of the spaces you listed actually. Mostly natural language processing.
Finance always had more money to throw on talent. They had become complacent and big tech became hotter momentarily.
Yeah I think so. Few years ago, everyone wanted to do MBA in finance so they could become an investment banker or join a hedge fund
What specific companies are you referring to in fintech (I’m a new grad and would like to know which companies pay the most for career)
I have come across few fintech and insurance companies and they are looking for data scientist joining their 50+ data scientist team with a low salary. I was heavily discouraged by the contribution they see a data scientist could make.
Could you tell more about the companies you have come across?
Nopes. Tech is good for software engineering. For ML, fintech and insurance are the best payers, followed by tech. I interviewed with tech initially but now I am more inclined to fintech. They do some amazing ML, esp around risk modeling. But seriously, 700-1m is effing high for 3 yoe.
That's exactly what I thought. I'm just hoping the desperation of the market stays this way.
I thought insurance pays low. I know a DS person who started in that industry and one reason they moved to tech was better pay.