Before embarking on a particular field of study, it is natural to ask what kind of work you can do after graduation. Many people are more than happy to enter fields that require them to work in business. However, others choose to study in order to work for themselves as a freelancer. If you are currently pursuing a Masters in Data Science, here are some of the many jobs you could take on as a sole proprietor with big dreams.
Table of Contents
Teaching and tutoring
Many MS Data Science students from Malaysia are so passionate about the field data science that they want to share their knowledge with others. While you may be more than happy to share your experience for free, you also have the opportunity to earn money from teaching and tutoring.
After completing your Masters in Data Science, consider advertising your services on online platforms. You might be surprised at how many people want to learn the basics or more advanced areas of data science to help them in their own line of work.
Machine learning
Machine learning involves the use and development of computer systems that can learn and adapt to algorithms and statistical models without having to follow detailed instructions. This line of work is complex, which is why many enterprises choose to outsource machine learning to specialists who have spent months learning its many intricacies. When you freelance machine learning, you can enjoy working on a range of different projects. This includes building bots and recommendation systems that benefit companies.
Consulting
When you are a data science expert, your experience, skills and qualifications are invaluable. Use your talents to your advantage by contracting a business as a data science consultant. While you won’t be involved in the inner workings of data science, companies may hire you to solve problems, analyze current practices, and provide input to make sure they’re doing what’s best for their business. Of all data science careers, consulting is one of the most lucrative, with the average consultant earning up to $120,000 per year.
actuarial science
Actuarial scientists are highly qualified specialists working with financial and insurance organizations. They assess their risks and help with economic stability. They use their mathematical, statistical and probabilistic skills to help businesses take preventive action. In essence, they are trying to predict the future. With a master’s degree in data science, you can pave your way to a role in actuarial science. You can then potentially become a sought-after freelance actuarial scientist.
Digital product design
Digital product designers can perform a wide range of tasks in a business. This includes market research, UX writing, and software development. The responsibilities for this role are so broad. You can take on completely different projects at every company you work for.
Digital product designers are in demand because of their importance in attracting new customers to a business. Along with that, they add value to this business at the same time. Many startups, product corporations, and software companies are actively looking for digital product designers to help out on a short or long term basis.
Data cleansing
Data cleansing involves finding and fixing inaccurate or corrupted data from a database or recordset. It’s long and difficult. In addition, this task usually requires specialists with knowledge of data processing, who can also identify trends and anomalies. Due to the level of industry expertise this job requires and how labor intensive it can be, many businesses outsource data cleansing to companies and freelancers who can work on it at their own pace.
Data Science Modeling
If you are good at math and statistics, programming, big data technologies, and data visualization, you can become a data modeling freelancer. This job requires you to create descriptive link diagrams and develop storage options that allow for easy access and reporting. Because it requires a significant amount of work and skill, many people in this line of work can earn lucrative remuneration of over $50 an hour.
Data Science Content Creators
Many businesses are starting to see the value of knowledge in data science. If you can read data with more skill and understanding, you can make better decisions for your company. Solutions that increase its potential profit in the future.
However, knowing where to get this knowledge is not always easy. If you become a freelance data science content creator, you will be able to create programs and resources for businesses. Then charge them for that privilege. These educational resources can also provide you with a passive form of income while you pursue more lucrative work in the field.
It’s not always easy to figure out what you want to do after completing your MSc in Data Science. However, if the idea of working for yourself has always appealed to you, you might consider taking on some of the above jobs. The more companies you work for, the more prominent you can become in the data science community. Then, the higher your potential income can be.
