What Is Data Science
Data Science is an interdisciplinary field that uses techniques, processes, algorithms, techniques, and systems to gain knowledge and insight from unstructured and structured data. The people who specialize in collecting and analyzing large amounts of unstructured and structured data are called Data Scientists.
As the methods of conducting business become more digital, Data Science is now among the top demanded jobs since almost all digitally-related jobs require the ability to collect data expertise.
The process of obtaining a Master’s diploma with a focus on Data Science is one great choice you can make to secure your future.
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The salary of the entry-level position of a data scientist starts at 60,000 USD per year. If you have a Master’s degree in Data Science, you earn an average of 70,000 to 90,000 USD per year.
According to a magazine, aside from the economic recession resulting from Covid-19, business automation will also increase. If data scientists don’t improve their skills or re-train themselves in the future, it will result in the absence of highly skilled data scientists within the business. Learning about big data can help make you more qualified for jobs such as:
- Data analyst
- Administrator of databases
- Data Architect
- Data Engineer
- Consultant in Analytics
- Quantitative analyst
There are many scholarships that data science students are eligible to apply for! Make your love of numbers into dollars by applying for one of the below savings in scholarships for data analytics.
Top Scholarship for Masters in Data Science
Below are data science master degree scholarship which mainly includes scholarships for masters in data science or data science master scholarship
1. SMART Scholarship Program
- Awards: N/A
- Total Amount: $25,000–$38,000
First on our list of top scholarship for masters in data science is SMART scholarship program. The Science, Mathematics, and Research for Transformation (SMART) Scholarship-for-Service Program, funded by the Department of Defense (DoD), supports STEM students with full tuition and education-related expenses, mentoring, and other opportunities to help them begin a DoD career. The award also provides funding for health insurance as well as other costs.
Qualifications: Candidates must be in the process of requesting at minimum one year of financial aid before their graduation and have at least a GPA of 3.0 on a 4.0 scale, and be willing to work post-graduation in the DoD and working towards an undergraduate or postgraduate degree in a recognized STEM area within any recognized U.S. institution. Multi-year scholars should be able to finish at minimum an internship during the summer.
2. UPE/ACM Scholarship
- Awards: Four
- Total Amount: $1,000
Also on our list of top scholarship for masters in data science is UPE/ACM scholarship. The International Society for the Computing and Information Disciplines, also known as Upsilon Pi Epsilon (UPE) and the ACM, offer the UPE/ACM Scholarship for students just beginning their careers in the field of computing.
Qualifications: Candidates must be full-time graduate or undergraduate students with ACM members and active members of the Student Chapter of their college or university.
3. Wellington HBCU Scholars Program
- Awards: Varies
- Total Amount: Up to $15,000 renewable annually
Also on our list of top scholarship for masters in data science is Wellington HBCU Scholars Program. The Wellington HBCU Scholarship Program is a merit-based annual award to students attending historically black universities and colleges (HBCUs) and includes two internship opportunities.
Qualifications: Applicants must be full-time HBCU undergraduate students who are juniors or sophomores majoring in economics, business finance, accounting, technology, and STEM programs.
4. ACM SIGHPC Computational and Data Science Fellowship
- Awards: Varies
- Total Amount: $15,000 annually, for up to 2 years
Also on our list of top scholarship for masters in data science is ACM SIGHPC Computational and Data Science Fellowship. The goal is to increase the diversity of graduates in data science. The Association of Computing Machinery (ACM) Special Interest Group on High-Performance Computing (SIGHPC) Computational and Data Science Fellowship is given preference to applicants with backgrounds from other disciplines that can provide new perspectives to the field.
Qualifications: Candidates must be recommended by their advisor, who is enrolled in a data science graduate program by the beginning of the year of application and less than halfway through the program’s completion, and be female and from an ethnic or racial group that is underrepresented in the field of data science in the country in which they are pursuing their degree.
5. Acxiom Diversity Scholarship
- Awards: Up to 10
- Total Amount: $5,000
Also on our list of top scholarship for masters in data science is Acxiom Diversity Scholarship. The Acxiom Diversity Scholarship program invites women, veterans, minorities, and people with disabilities to apply. The maximum number of winners are allowed to work with Acxiom in the summer.
Qualifications: Applicants must be an individual belonging to a historically underrepresented segment of the workforce of information technology and is enrolled as a full-time senior or senior student, or graduate or Ph.D. student in a program of data science in an approved U.S. institution that has an at-least cumulative 3.25 GPA on a 4.0 scale.
6. AIGC Science Post-Graduate Scholarship
- Awards: Varies
- Total Amount: $1,200–$10,000
Also on our list of top scholarship for masters in data science is AIGC Science Post-Graduate Scholarship. The American Indian Graduate Center (AIGC) Science Post Graduate Scholarship Fund grants funds for educational opportunities in science and mathematics.
Qualifications: Applicants must be active as a member of a U.S. officially recognized American Indian tribe or Alaska Native group or have an amount of federally acknowledged Indian blood and be employed at a school financed with the help of the Bureau of Indian Education a school on a reservation one with a 20% of American Indians or Alaska Natives being enrolled in an accredited school or one recognized as part of Tribal Colleges and Universities (TCU).
7. ASA Pride Scholarship
- Awards: Two in 2021
- Total Amount: N/A
The American Statistical Association (ASA) provides its ASA Pride Scholarship for students to help raise awareness and encourage the progress of LGBTQ+ statisticians, data scientists, and their colleagues while recognizing their skills and the perspectives the professionals bring to their respective fields.
Qualifications: Candidates must identify as LGBTQ+ or an ally, enroll in a data or statistics science graduate program, or obtain their degree within five years of the award date.
8. Google SVA Scholarship
- Awards: Eight
- Total Amount: $10,000
On our list of master of data science scholarship is Google SVA Scholarship. The Google Student Veterans of America (SVA) Scholarship program is a collaboration between Google and SVA to assist veterans in schools.
Qualifications: Candidates must be students who are graduate or undergraduate students or are planning to be enrolled as a full-time student at the university of their choice; studying for the degree of computer science, engineering in computers, or a related technical fields while maintaining an outstanding academic record; and being honored dismissed or otherwise in good standing in their respective branch of service.
9. Great Minds in STEM Scholarship
- Awards: Varies
- Total Amount: $500–$5,000
Also on our list of master in data science scholarship is Great Minds in STEM Scholarship. In addition to financial awards, The recipients of the Great Minds in STEM (GMiS) Scholarships are also provided with transportation to attend the Annual GMiS Conference.
Qualifications: Applicants must be fully enrolled in an undergraduate or graduate program to earn an education in a STEM-related field for the fall semester that is coming up with a minimum GPA of 3.0 on the 4.0 scale. In addition, they must be of Hispanic origin and demonstrate significant leadership or involvement in the community.
10. HIMSS Foundation Scholarship
- Awards: One undergraduate scholarship and one master’s scholarship
- Total Amount: $5,000, plus a trip to the HIMSS Global Health Conference and Exhibition (restrictions may apply)
Lastly on our list of data science masters scholarships is HIMSS Foundation Scholarship. The Healthcare Information and Management Systems Society (HIMSS) Foundation offers scholarships to students studying for information technology and health care degrees.
Qualifications: Candidates must be an undergraduate who is a member of HIMSS or be an initial-term junior at an undergraduate institution or university; not serve on one of the HIMSS boards, whether employed and contracted with HIMSS, and not be a scholarship judge, and be not a former HIMSS Foundation scholarship
(Note: This masters in data science scholarships for international students also)