Data Science currently ranks among the top #3 professions in all major developed countries like the USA, Canada, UK, Australia, etc. In 2022, you cannot go wrong with a Master in Data Science. Universities spend too much in this area of study, and it would be unfortunate not to make it of use. Moreover, industrial experts recommend a data science profession for the most prosperous career in these countries.
The data science master’s program comes with a hefty tuition cost. However, it’s not true that you cannot manage this. Various scholarships are available to study a master’s program in abroad countries. You can opt for government-funded scholarships, private organizations scholarships, and university scholarships. So, It seems like a good deal.
Master in Data Science
Data Science is an interdisciplinary area that uses scientific methods, processes, algorithms, and systems. It extracts knowledge and insights from noisy, structured, and unstructured data. The need for this data and information obtained is immense. Organizations apply this knowledge which leads to a broad range of application domains. It gives access to a better functionality of the business and growth.
Without data science, we are mere workers repeating the same tasks and hoping for a better change in results. Some people say it is the definition of insanity. Anyway, data science modules are used to determine the cause of change or what is not. Analyzing complex data can be pretty tough. Therefore, it is necessary to make them easy to understand. All of these actions fall under the data science field.
Master in Data Science Abroad: Top Universities
It is an in-demand, high-paying, dynamic job industry. It is increasing not just in top countries abroad but everywhere globally. As per the U.S. Bureau of Labor Statistics, data scientists’ jobs will grow by 22% from 2020 to 2030. It is much faster than the average growth rate of all occupations. The same goes for other countries as well.
You can find the best universities that offer masters in many forms like MSc, MSE, S&DS, etc. USA-based universities are the foremost for providing top-quality programs; however, the UK is also a strong contender. So, Another good suggestion is Canada.
Top 10 Institutes for Master in Data Science;
Rank |
Institute Name |
Program |
| 1 | Oxford University | MSc in Social Data Science |
| 2 | Harvard University | Data Science |
| 3 | Stanford University | Data Science |
| 4 | University of Cambridge | Big Data |
| 5 | Yale University | Statistics & Data Science (S&DS) |
| 6 | Columbia University | MS in Data Science |
| 7 | Imperial College London | MSc Statistics (Data Science) |
| 8 | University of Pennsylvania | MSE in Data Science |
| 9 | University of Toronto | Data Science |
| 10 | University College London | Data Science MSc |
Master in Data Science Abroad: Top Specializations
- Data mining and statistical analysis
- Machine learning
- Data engineering
- So, Database management
- Data visualization. …
- So, Data operations
- Hence, Data analysis
It has now spread to all major sectors of the industry. For instance, the engineering field is now highly interlinked with data science. Thus, Data engineering is one of if not the fastest-growing job industries with a 50% growth rate. The engineering sector is already prosperous enough to allow professional work with different roles. So, The use of data in the field has widened its range even more.
Machine learning has always been a significant specialization in it. Hence, It is a process of data analysis that automates analytical model building. In other words, machine learning in data science is a branch of artificial intelligence (AI) that uses the idea of systems learning from data. So, It is done to identify patterns and make decisions with the least human involvement.
Think About Management
Management is yet another excellent area of work in data science. Thus, Keep in mind that the managerial roles in science are not limited to handling and managing tasks and teams. So, You have to have an understanding of data principles. Hence, Database management requires precision and technical knowledge to deliver the most effective strategies possible to gather information. So, It can be rewarding as well. A database manager in the USA can easily earn around $70,000 (about 53 lakhs).
It is not just any STEM course. It is highly technical and can be regarded as one of the most complex fields of study. So, if you are not interested in analytics and concentration on databases, it may not be a good idea. But, in case you are involved with these areas, there cannot be a better master’s program for you other than a Master’s in Data Science. Thus, Call it a master course for nerds, if you will.
Master in Data Science Abroad: Scholarships
Pursuing a master’s degree abroad can be expensive. It is not just a matter of the tuition fee. So, The cost of living in countries like the USA, UK, and Canada can be high. Thus, On average, you can expect a minimum of 10 lakhs yearly expense if you choose to forfeit certain services. Otherwise, it can reach beyond 15 lakhs. Therefore, it makes financial aid much more than necessary.
Thus, Scholarships are an easy way to get your education abroad with a limited budget. However, securing a top scholarship requires top qualifications. So, Due to most scholarships being based on the merit system, students have to ensure good grades in their undergraduate studies. Also, the scholarships apply to a level of degree. For example, a particular scholarship can be for a master’s program in the USA. However, it does not apply to a specific course.
However, a scholarship may be available for a particular field of studies like computer science or engineering. But, these scholarships are less found and not much accessible. Hence, here are a few scholarships that are available with the most accessibility:
All About Scholarships
- Asian Women in Business Scholarship Fund
- Fulbright-Nehru Research Fellowships
- So, N. Bose Scholars Student Exchange Program for Indian Students
- British Council GREAT scholarships for Indian Students
- Charles Wallace India Trust Scholarships
- Hence, LSE Commonwealth Shared Scholarship Scheme (CSSS)
- Oxford and Cambridge Society of India (OCSI) Scholarships
- Saltire Scholarships
- Canada Memorial Scholarship
- Canada ASEAN-SEED
(Did you know? Data Scientist has been called “the most promising career” by LinkedIn and the “best job in America” by Glassdoor.)
Conclusion
It is one of the best-paid jobs in the world. Thus, A professional data scientist with ten years of experience can earn more than $1,00,000 as a yearly salary. So, It equals more than 75 lakhs per year. So you may be able to get the best out of the field, or maybe not. However, there is no denying that the area is rewarding. Thus, Not to mention, data scientist jobs are growing by 32%.
Author Bio
Abhyank Srinet is a passionate digital entrepreneur who holds a Masters in Management degree from ESCP Europe. So, He started his first company while he was still studying at ESCP. And, managed to scale it up by 400% in just 2 years.
Being a B-School Alumni, he recognized the need for a one-stop solution for B-School to get in touch with schools. And, it gets their application queries resolved. This prompted him to create MentR-Me, a one-of-a-kind portal with cutting edge profile evaluation. And, school selection algorithms, along with several avenues. So, It stays informed about the latest B-School Updates.