Data Science Salaries in Amsterdam: Talking about Money 🤑, Benefits & Dutch Working Culture

in this video we're going to talk about data science jobs in amsterdam the netherlands we're going to talk about salary ranges for different data science jobs in amsterdam depending on your position and seniority level the benefits you get when working in the netherlands the dutch working culture salary increases networking promotion and all that matters and i got a little dutch souvenir for you if you don't know what it is stay until the end of this video my search of the salaries is based on both publicly available information that you can find on glassdoor indeed or linkedin for a particular role as well as my own experience the offers i got from companies and a bit discussion with friends who work in the same field about their experience as well the salary ranges that we'll be talking about is before applying payroll tax i'll put a link in the description for you if you want to check out the tax calculation for certain salary we do pay quite a bit of tax over here so it's good to check it out when you're still in university and working towards completing your bachelor or master's study you might do an internship or maybe a master thesis with a company it's really hard to say how much you can get compensated i think in recent years most data science internships are paid internships even though companies are not obliged to pay for the interns paid internships usually have the salary ranging between 500 and 1500 euros on a full-time basis but keep in mind that most internships are part-time internship due to your schoolwork so if you work only two or three days a week you would of course earn half this amount internship is usually a great step to an official entry-level data science job so let's move straight to the first data science rule data analyst an entry level data analyst often makes around 30 000 to 55 000 euros per year as a base salary with a median salary of 42 000 if you're living somewhere like in the us you're probably thinking what that's pretty low yeah you do often get less in europe than in the us for the same job but taking into account other benefits like vacation days and healthcare costs which i'll talk about later in this video i think it's actually not bad 30 000 to 55 000 is a very large range and i was quite surprised that salaries seem to differ a lot per company industry sector and also depends on your prior experience in general if you're applying for an entry-level data analyst job at a commercial company here in amsterdam straight out of your master's or internship i think it's reasonable to aim for a base salary of around 35 to 40 000 per year but it's always good to do some extra research on the starting salary in your specific company and industry cdo data analysts with two to five years of experience can expect to earn an extra 10 to 20 000 euros per year compared to an entry level position so you might expect to earn up to 70 000 euros per year or even more especially if you have the right combination of skills and domain knowledge moving on to the business analyst position business analysts in general earn roughly the same salary as data analysts maybe slightly higher on average from 32 to 60 000 euros per year the median annual salary of a business analyst in amsterdam is around 45 000 euros i do realize the trend that the bigger company it is the higher salary for business analysts it usually offers business analysts are the people who help directly with the decision making of a business so bigger companies probably want to put more importance on this role moving on next to the data science consultant position my current salary as a data science consultant in which i do a little bit of everything around data science is around 61 000 euros per year and this is after in total five years of working in my first job i earned like 29 000 euros per year as a junior data analyst even though it's not much i remember i felt so happy i felt so rich i didn't have to check the price tag of everything at the supermarket like i did when i was a student so i guess money matters a lot but to a certain point it's probably not gonna make you any happier now let's talk about the sexiest job of the 21st century data scientist let's first talk about the junior data scientist job studio data scientists or just data scientists salaries range somewhere between 33 to 82 000 euros per year with a median salary of 47 000 euros this insanely large salary range is probably due to the fact that data scientist is being used for a lot of different roles out there because there's a lack of a clear definition of what it means to be a data scientist so a lot of data scientist positions i've seen are more similar to data analyst or even data engineer position however those companies that really know what they are looking for usually offer really good salaries senior data scientists or data science team leads are probably the richest ones with 61 to 99 000 euros as a base salary with a median salary of 73 000 euros large companies here like booking.com or shell pay more than 100 000 euros for senior data scientists especially for those who have a phd or masters in computer science econometrics mathematics statistics and an extensive working experience in data science to put it in perspective 100 000 euros salary in the netherlands is a lot if you think about the median salary of the whole working population here it's just roughly 35 000 euros per year however you might also realize that data science salaries in the netherlands don't tend to be that high if compared to those in the uk well london specifically and san francisco where data scientists are paid much higher but i think salary is often the less important part of working in the netherlands one of the best thing about working here is the work-life balance and it comes with a lot of benefits well it sounds like almond fat advertising for the netherlands everyone who is employed in the netherlands gets a minimum of 20 days of paid vacation most employers actually offer 25 or more vacation days on top of the minimum 20 vacation days every employee has a right to holiday allowance of at least eight percent of their yearly salary so every year in may you get some extra cash on top of your monthly salary to make the most of your summer holidays or whatever you decide to spend on it's also not uncommon that overtime hours also paid out as vacation days so if you work overtime you can write down that overtime hours and use it in the future as holidays next to vacation leave there's also sick leave because everyone gets sick once in a while if you get sick for just a few days though you don't need to tell your employer what you have but if someone gets sick for an extended period of time due to disability or burnout they are entitled to 70 of their income for the next two years if you become a parent you of course get a parental leave i think right now the maternal leave is 14 to 16 weeks in total so summing up the time off before and after giving birth from what i remember new fathers also get about two full weeks of paternity leave at full wage and they can also take additional 5 weeks at 70 of their daily wage in the netherlands your employer also contributes partly to your social insurance this social insurance ensures a basic level of well-being when someone hits retirement age or they become chronically ill and can't work for health insurance though you have to pay for your own health insurance it's not expensive here but it's required by law that everyone has health insurance so every year you might need to pay between a thousand to 1500 euros for your own health insurance depending on how much your insurance covers you might also get other benefits such as the wellness allowance at my company there's a well-being budget of 1 000 euros per year that you can spend on personal development courses yoga sport classes or almost anything that might help with your physical and mental health so we have talked about data science salaries before how about bonus bonus is often determined by your performance and seniority level and also by how well the company has been doing in the past year if you're a data analyst or data scientist in a financial sector like banks or asset management companies you're likely to get higher bonus but i think in general you can expect something between five to ten percent of your annual salary if you're doing okay another benefit that most companies offer is the learning budget that you can use for going to events trainings conferences or even postgraduate degrees many of my colleagues got sponsored to study part-time for professional qualification or postgraduate degree my second degree in computer science is also paid 100 by my company which i also talked about in one of my previous videos i mentioned a bit earlier about the work-life balance here in the netherlands even if you work for a corporate you are not expected to work overtime a lot at least it is not the norm before joining blc here i thought at a big four like this i would probably have to make long hours every day and you know i've read horrible stories about people who got fainted or heart attacks from working too much but luckily it's not the case i feel like people appreciate working smarter than working harder at my office most people would leave by five or six pm and then you'll find yourself sitting by yourself in the darkness because the all the lights would automatically turn off and you feel like an idiot as a result of the pandemic though i've heard that people work longer hours at home for many different reasons and there's more easily get a burnout but i think it's not part of the working culture and i don't think that it has changed moving on to the dutch personality and working culture in general the dutch are famous for being very blunt and direct they have absolutely no problem with saying no and no problem with giving you some constructive feedback which to some culture could be considered quite harsh if you're not used to it it's not because your colleagues are mean to you or anything it's just because they value being honest being efficient and not wasting each other's time beating around the bush this can be a challenge for someone who moved from a more reserved culture for me personally i'm a asian heritage i was born and raised in vietnam lived there for a good 23 years of my life before moving here and yes that's why you hear me speak english with an amazing vietnamese mixed with dutch accents when it comes to communication and networking you probably don't have to worry too much about the language barrier because the dutch speak one of the best english in the world except for the accent so the question is do you really need to be able to speak dutch at work yes and no some companies might be very international they have mostly international business partners and employees especially that to work in data science and everything is most likely in english anyway but many companies do use dutch quite a lot both in casual and professional context in the team that i'm in at blue c at the moment most of my colleagues are dutch and our projects are also often with dutch clients so naturally i have to learn to speak dutch as well but to be honest it's not a very hard language to learn especially if you've learned the foreign language before however no matter what kind of company you're working for if you decide to work in the netherlands in long term i would really encourage you to learn dutch because it helps you a lot regarding the networking aspect it also helps you feel more flexible more connected and included at work for example when you are going out to eat lunch with your dutch colleagues and everyone burst out laughing at a joke except you it's kind of awkward and if you're applying for a job here in the netherlands the employers will be very impressed if you can speak some dutch and they truly appreciate that so it makes your application a bit stronger as an expat and that's a little tip that got me a job as well twice in amsterdam there are a lot of events conferences and meetups in data science and there are also a lot of hackathons you can join and it's also a very good way of networking in the netherlands most people use linkedin so it's quite convenient to connect with people and take advantage of their connections as well once you get a job and start working the next question that comes up is the salary raise annual salary increase of the companies i've worked with is usually between three to five percent it's clearly not a lot if you're looking for a big promotion and a big salary raise the best way is probably to apply for another job at another company that offers higher salary generally after two to three years in data science you can raise your price quite a bit because two to three years in data science is such a long time the field just developed so rapidly some of my friends use the higher salary offers that they got from other companies to negotiate with their current employers hoping that they would agree to offer an even higher salary and benefit to be able to have you it's a smart trick and it works in many cases it might get you a 30 or even 50 raise immediately but after you do the negotiation and then still decide to stay at the company after all it kind of sucks i don't know about you but personally i don't think it's a fun situation to be in so if you decide to go for it do think it through and have some backup plans so the beginning of this video i showed you this little thing it's a wooden shoe or a dutch clock it's an important part of the dutch culture if you came here in medieval time and worked in a farm because obviously we didn't have computers and excel sheets yet to play with you might be wearing these too they're not so practical though not sure if you can even run in those shoes but i hope the information in this video is practical and useful for you and that you know now more about what to expect when working in data science in amsterdam and in the netherlands in general if you like this video don't forget to hit the like button if you dislike it please feel free to hit it twice i hope you enjoy this video and see you next time bye [Music] you

Channel: Thu Vu data analytics

Views: 29,714

Keywords: data analytics, data science, python, data, tableau, bi, programming, technology, coding, data visualization, python tutorial, data analyst, data scientist, data analysis, power bi, python data anlysis, data nerd, big data, learn to code, business intelligence, how to use r, r data analysis, vscode, amsterdam, netherlands

Id: MsdyvI3ZI5k

Length: 14min 8sec (848 seconds)

Published: Fri Feb 18 2022