The Master of Science in Analytics was created in North Carolina State University in 2006. Today, there are about 280 colleges and universities that offer a similar graduate degree and in total, they will produce about 10,000 analytics master graduates in 2019.
“The demand is there, but the supply [of data scientists] is catching up quickly,” said Michael Rappa, who founded the Institute for Advanced Analytics at North Carolina State University.
Graduates of these programs are typically called data scientists, a relatively new term that’s often cited as one of the most in-demand occupations in the U.S. These programs aren’t completely unique. Graduates with degrees in statistics, for instance, were forerunners of the shift to analytics. Despite the increase in graduates, the entry level salaries remain strong, typically beginning at $80K plus.
Amazon recently cited data scientists as a second fastest internal growing occupations.