I have been observing that candidates with PhDs( even the ones with mechanical engineering) get the applied scientist or machine learning engineer roles while the MSc grads are stuck with menial data analyst roles, although all of them share the same "data scientist" name. Does not having a PhD restrict one's shifting from data analyst roles to ml roles ( even though you possess much more work experience than recent PhD grads )? This behaviour is much more rampant in FAANG companies. Also, PhD guys get paid more. Does anyone have any anecdotes of MSc grads getting into FAANG companies in ML roles? All being said, I have immense respect for PhD grads. Just a tad bit..... overrated.
Core DS, like building production models facing customers, most ppl seem to have phds, especially managers and above, but not without an exception, seen some msc guys up there. Otherwise, most of them seem to be in BI orgs.
exactly. MSc peeps, I believe, are extremely undervalued for BI roles
Im one of them msc in bi org, been with multiple companies and thought hard about switching to Product management, which pays much more and more valued, but one thing i learned is that some companies started to figure out how to really use BI/decision support to the extreme, and started valuing them much more than they used to. Theres a huge difference in output and thought partnerships between menial data analyst and an experienced BI professionals with proper analytics/stats background, and they know that these phds will not resort to it and having hard time finding the right talents who fit those profiles. So yeah I’m still on in this ride, and I hope I didnt make a mistake by not switching to the PM world.
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I’m sure the phds think they should be paid more due to the huge opportunity cost they incurred. PhDs will likely make less over a lifetime due to the opportunity costs they incur early on their career. They also had to do a lot of menial work while working in the PhD.
I'd disagree. Most of them have semi/fully funded degrees and decent stipends. This is pretty rare for MSc degrees. The opportunity cost is pretttttttttty non-existent. Though, your point deviates away from OP's question, To each to their own.
@vxFX54 definitely not rare to have MSc fully funded + stipend. Especially if you’re a US citizen