How much money does a data analyst make

This is represented by both their salaries and workload — they are usually either taken into a company for practice i. Updated: December 17th, What am I worth? That said, prime data analyst jobs are available in plenty of other metropolitan areas around the country. After all, they are two of the hottest jobs in tech and pay pretty well, too. People send an average of million emails every minute. In addition to their main job, they might get tasked to become mentors for junior or even entry-level data analysts.

Choose a country to display salary information.

In the fast-paced and high-stakes economy today, one of the most desired jobs is that of the financial analyst. With opportunities to work in large corporations and firms, earn over double the national average salary, and hoa in a variety of sectors, it’s no wonder the position is so enviable. But, how much do financial analysts actually make, and what is the average financial analyst salary? According to the U. The U. Highest paying sectors: Investment banking, scientific moneg technical services, management of companies and enterprises.

Popular Employer Salaries for Data Analyst

The pay can range based on experience and location. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply. Hottest Questions. Previously Viewed.

High Demand for the Highly Skilled

The Cambridge Analytica fiasco in brought renewed public attention to the data collection practices of Facebook FB. People began asking questions. Why had Facebook allowed this to happen? It seems like there should be a substantial amount of money at stake for Facebook to risk a public relations disaster. It is difficult to be sure, but we’ve made our best guesses. It was designed to provide an insight into the multibillion-dollar data brokerage industry.

This industry is built around profiting from trading thousands of data points on the personal information of people across the globe. The calculator was last updated in July We will explore the estimates provided by the Financial Times personal data calculator.

We will use them to estimate how much money Facebook can make from selling such data. For this analysis, we will take essential data points that Facebook users provide voluntarily, such as age, gender, and location.

There are other common data points that users willingly fork over while building their profiles on the network. This data is easily extracted from user activity and updates posted on Facebook by users or their connections. These data how much money does a data analyst make include relationship status, family size, shopping preferences, ownership of cars, fitness, travel preferences, and other assets owned.

We use this calculator to generate the monetary value of the personal data points of an average person residing in America in a rented apartment. This average person lives a healthy life without any major ailments.

She or he works as an Accountant, Beautician, or Health Professional with an average income. This person is recently married with no kids, wants to go on a foreign trip or cruise, and is a fitness buff. Changing the job profile to Company Owner or Banking Executive does not change the data value of the person very. That makes sense. Such significant events come with the potential for big expenses. These expenses often include buying baby-related products, moving to a larger house, and increased healthcare costs.

All this makes the user a big potential customer for various services and products. Social media networks can easily deduce such information through algorithms that work in the background.

That happens even when the individual user does not explicitly mention these life milestones on social media. Health conditions also play an important role in calculating the worth of your data. The algorithms of Facebook are reasonably good at estimating the probability that you have such conditions.

Cookies from health-related websites that you visit for booking appointments, searching for doctors, and general querying help.

The value rises more if your home is larger. If you indicate any how much money does a data analyst make of moving to a new house through online searches, your data becomes more valuable. You then achieve the elite status of a wealthy customer who can be targeted as a potential buyer of a high-value asset. Topics include food, cooking, cars, gaming, politics, government, social issues, education, loyalty card programs, and financial products.

The more topics one has searched for, the more valuable the data. Trying out different combinations for a variety of user profiles, browsing habits, and preferences gives you a good idea of the average.

It is challenging to map the precise value due to Facebook’s worldwide reach. However, a few assumptions will allow us to make an estimate. Combining the data worth value derived from the Financial Times calculator with the number of American users of Facebook leads to some interesting conclusions.

Statista reports that Facebook had around million users in America in July However, there are other points to consider. The above estimate is only for Facebook users in America. India had million Facebook users, topping the list. The U. Overall, there were about 2. Ad revenues for running such targeted campaigns based on the personal data points of users or the purchase of user data varies across the globe. However, there are more than 12 times as many Facebook users globally as there are in America.

It is not surprising that personal data is a big industry. Despite these large numbers, implicitly and explicitly selling user data is only one part of how Facebook makes money. Disclaimer: The above estimates are based on projections available from various online platforms. They are not official numbers from Facebook or other companies. Home Ownership. Behavioral Economics. Top Stocks. Your Money. Personal Finance. Your Practice.

Popular Courses. Stocks Tech Stocks. Facebook has about million users in the U. Facebook has over 2. Compare Investment Accounts. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Related Articles. Partner Links. Robo-advisors are digital platforms that provide automated, algorithm-driven financial planning services with little to no human supervision.

Social Networking Service — SNS A social networking service SNS is an online vehicle for creating relationships with other people who share an interest, background or real relationship. Barter or Bartering Definition Barter, or bartering, is the act of trading a good or service for another good or service without the use of money. Inside Behavioral Analytics Behavioral analytics is a sector of data analytics geared toward providing insight into the actions of human beings.

Insight Lab. Honing these skill sets will not only allow you to take on the day-to-day responsibilities of the average analyst, and but excel in this demanding field. January 16, — Industry Advice. Where can a Snalyst Analyst earn more? According to the Bureau of Labor Statisticsthe field is projected to grow 23 percent from to —much faster than the average for all occupations. Current Events. And this can impact the znalyst analyst salary. Compensation Software. You should always pick and choose what feels right to you. United States change. Are you paid fairly?