In the world of high-paying data science roles in financial services, not all jobs are created equal. While hedge funds and trading firms are typically the best places to work, there is still the potential to make significant money in banks or fintech companies. A new compensation report from recruiting firm Selby Jennings provides insight into data science salaries by seniority, industry sector and region.

According to the report, top data scientists at hedge funds in top locations such as New York and San Francisco can earn more than double their counterparts in banking roles. The Selby Jennings study looks at data scientist salaries in seven additional locations across the US and Europe, offering a comparative analysis of average analyst salaries in each region.

The report reveals that data scientists can earn between $1 million and $2 million on average, potentially nearly three times the average compensation for senior hedge fund employees. For young scientists in Europe, Switzerland is emerging as an attractive location, according to data from Selby Jennings. French data scientists working in banks generally earn more than their German counterparts, while the opposite is true on the buy side. Salaries for junior data scientists in London banks appear to be noticeably low, with entry-level data scientists in New York earning three times as much, and twice as much on the buy side.

In conclusion, when it comes to high-paying data science roles in financial services, it’s important to consider factors such as seniority, industry sector and location when searching for job opportunities. With this new compensation report from Selby Jennings, job seekers can gain valuable insights into salary trends and make informed decisions about their career path.

By Samantha Johnson

As a dedicated content writer at, I immerse myself in the art of storytelling through words. With a keen eye for detail and a passion for crafting engaging narratives, I strive to captivate our audience with each piece I create. Whether I'm covering breaking news, delving into feature articles, or exploring thought-provoking editorials, my goal remains constant: to inform, entertain, and inspire through the power of writing. Join me on this journalistic journey as we navigate through the ever-evolving media landscape together.

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