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4 Financial Aid Options for Data Science Students

Posted by Rebecca Esposito on Aug 1, 2019 7:26:00 AM

young woman working in technology on a computer

It's not surprising: Pursuing a job in the field of data science can result in an extremely lucrative career (trust us, we did the research, and we'll cover it in this post!). 

While data science professionals can anticipate landing a high-paying job, it's no secret that going back to school for a graduate degree can be costly. For that reason, we've researched and outlined four financial aid options for students seeking to pursue the field of data science.

Download our guide — Why Today's Information Technology Field Needs Data  Science Professionals — to learn more about advancing your skills in data  science!

1. ACM SIGHPC/Intel Computational & Data Science Fellowships:

Sponsored by ACM SIGHPC and Intel, these fellowships are specifically intended for women or students from racial and ethnic backgrounds that are underrepresented in the computing field. Fellowship recipients receive a stipend of $15,000 annually for up to two years.
  • Pro Tip: For more information on Marymount University's Data Science specialization, check out our digital resource that answers the question — what is data science? — and so much more.

2. NSF Graduate Research Fellowship Program:

The NSF Graduate Research Fellowship Program supports graduate students in science, technology, engineering, and mathematics disciplines. Fellows conduct research at any accredited U.S. institution and receive a three-year annual stipend of $34,000 and a $12,000 allowance for tuition and fees. NSF has funded more than 50,000 Graduate Research Fellowships since 1952.

3. Women Techmakers Scholars Program:

Dedicated to the encouragement of women's involvement in computer science, Google's Women Techmakers Scholars Program offers a $10,000 reward for selected undergraduate and graduate students. Scholarship recipients will also be invited to attend the Google Scholars' Retreat in Mountain View, California. Scholars become part of a global community that supports women in tech.

4. Generation Google Scholarship:

Recipients of the Generation Google Scholarship demonstrate a commitment to improving representation of underrepresented groups in computer science and technology. Selected students are awarded $10,000 for tuition, fees, and other education-related expenses.
  • Pro Tip: For more information on Marymount University's Data Science track within the Cybersecurity graduate program, explore our new resource, which covers info on data science jobs, career outlook, tips for picking a program, and much more.

Data Science Jobs & Career Outlook:

Now that we've discussed just few of the ways that you can finance your graduate degree, let's dive into research surrounding data science jobs and career outlook.
The career options for professionals who have a background in data science are vast. The Bureau of Labor Statistics predicts that the field of data science will grow 11 percent by 2024, which is higher than the national average.
While educational level continues to play a role when it comes to compensation, individuals who hold a master’s degree in a tech-related field earn several thousand more than those who hold only a bachelor’s degree. In fact, while salary ranges for professionals working in a data scientist career vary, Indeed reports that data scientists can earn anywhere from $88,778 per year (for a junior data scientist) to as much as $169,133 (for a director of data science).
While the title “Data Scientist” is a catch-all term used to describe professionals who work with datasets, there are many job titles that exist that don’t include the words “data” and/or “science.” It’s important to keep this in mind when seeking a position in order to ensure that you choose the role that’s a good fit for you. Below are just a few of the job titles available to professionals who have a background in data science:
  • Analytics Manager
  • Data Architect
  • Business Analyst
  • Data Engineer
  • Database Administrator
  • Statistician
  • Data Visualizer
  • Quantitative Analyst

Transform the Tech Industry by Specializing in Data Science:

Both Marymount University's Information Technology graduate program and Cybersecurity graduate program allow students to specialize in Data Science. We've launched these specializations in response to the growing need for tech professionals who understand how to harness the power of data.
We're dedicated to preparing the data scientists of the future. That's why we'd like to invite you to request more information or to attend one of our upcoming in-person or virtual events — to discover how the Marymount difference ties into your purpose.
MS in IT Data Science eBook Cover

Download our new resource — Why Today's Information Technology Field Needs Data Science Professionals — to learn more about boosting your IT career and your skills in data science.

Download the Guide


Posted by Rebecca Esposito

Rebecca Esposito is the Associate Director for Graduate Enrollment Services at Marymount University. She works with students interested in all School of Business and Technology programs. Prior to joining Marymount, she worked with undergraduate students across the state of Texas, where she also earned her M.Ed in Educational Leadership and Policy Studies.

Topics: Financial Aid, Business & IT Programs

About this blog

This blog is intended to help busy working professionals and recent college graduates to be informed about graduate school options. We explore various academic disciplines, professional development opportunities, and industry trends related to graduate education.

From what to look for in a graduate program to how to balance life, school and everywhere in between, we hope that our tips and advice will help you end up at the right school, in the right program, and at the right time.

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