Data science is a highly sought-after profession today and it only becomes imperative for us, data geeks, to find out which data science company offers the best packages. Among the several companies on the list, Amazon has been found to provide the best packages for data scientist employees.
In this post, let’s discuss why Amazon is an excellent location for data scientists and how the packages offered are pretty appealing.
Amazon has rightly chosen the strategy of using data-driven science and machine learning to improve continental business. Amazon deploys analytics within a wide range of its services, starting with Amaozn.com, the online store.
Through AWS, the best data science company (Amazon) has established a distribution channel across the United States and is now expanding its logistics arm in other countries. Such a buoyant market ensures a constant demand for experts in data science, and for this reason, compensation rates are quite steep.
Amazon pays relatively well, especially in its data science department, and it takes care of not only its employees but also the environment. According to different salary aggregator platforms, data scientists working with Amazon can earn a minimum of $120,000 and a maximum of $180000 PA. This figure depends on the level of seniority too.
Amazon pays relatively well, especially in its data science department, and it takes care of not only its employees but also the environment. According to different salary aggregator platforms, data scientists working with Amazon can earn a minimum of $120,000 and a maximum of $180000 PA. This figure depends on the level of seniority too.
Another enticing aspect of the supply is the net salary package that the employees are given, much of which includes stocks. Some collective incentives include the employees being awarded Restricted Stock Units (RSUs) as part of their remuneration package, which is extraordinarily valuable. The options tend to continue for over four years, hence promising long-term employee devotion and staunchness in the company.
In addition to the stock, Amazon offers a complete package through which employees can benefit from medical coverage, retirement savings (401k), and paid vacations, among other things. It also provides training and development, which are crucial for the organization to foster and ensure that the employees get career progression opportunities.
Among the key areas, it is possible to list those owing to its data scientists: some of the most inspiring and significant projects in the industry are implemented at Amazon. This environment opens up possibilities for constant education and enhances the skills of data scientists while letting them remain relevant in terms of technology.
In addition, the availability of numerous employment routes supported by the company’s diverse ecosystem ensures career advancement. Another data science career pathway for data scientists is to move to a new business function of the organization and become a manager.
Even though there are complaints of grueling working conditions at Amazon, the company has flexibility that can help employees in maintaining a good work-life balance. Flexibility in terms of location and working hours depends on the role and department.
But, it is much needed for data scientists as they require uninterrupted time to analyze data and, in some cases, for research purposes.
Amazon company's culture goals and values include embracing innovation, monitoring, and satisfying customers. Some of the best perks that Amazon's data scientists enjoy are: autonomy, where they are allowed to take risks, explore, and make decisions!
Based on the findings listed above, it is clear that Amazon provides the most attractive packages for data scientists due to the high pay and lucrative stocks. Being a firm that is striving to integrate data science into every aspect of its business, the people in data science roles are always busy with challenging and exciting work.