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Not required if you have experience, but helps to have one. You don't, so it'll be useful. Any form works, there are no rules to your protfolio. GitHub in combination with a few pages on a personal website is a common Medium (ba dum tss). You can quickly get something publication shape with Jekyll, or paste text and pictures into one of those ready website platforms. Medium itself works if you wanna do something blog-style. Kagglers like to link their accounts too, though most people looking at you as a candidate won't take Kaggle seriously. Folks who contribute on StackExchange sometimes link their profiles, too.
Worry about a portfolio when you know enough to have something worth showing. A good time for that is as you're doing homework. Apply the concepts on something, write about what you're learning. Then upload to the site, and voila!
This. Portfolio+blog is what I think is really valuable.
As you create projects/solutions to showcase in your portfolio, document your research, reasoning, process, etc. in a blog post (s) or somewhere else accessible.
A polished project in a portfolio to me is meh but if there's a link to some quick information on what problem you are solving, how you evaluated and chose your tools to build, and lessons learned then this quickly shows me that you can not only build something but can weigh decisions and articulate problems/outcomes. I'll generally just glance at it without reading through in depth but it shows me immediately that you can communicate/document technical work and makes great talking points for interviews.
I’ll be honest. I don’t find portfolios helpful when I am evaluating DS candidates. They are all generally using the same datasets and the same methods to explore the same challenges.
I also dislike the expectation that many people (esp tech) have that you should be spending more time to practice your passion in your free time. We are talking about work- we don’t evaluate doctors by how much first aid they dispense in their free time. Many clients still want their code and data to be kept secret — and they provide infrastructure. Similarly a surgeon or a cardiologist is not able to do much without access to lab, the OR, etc. Code reviews here don’t really help an awful lot unless you are going in for a much more senior level.
All of this to say — especially as you’re starting out - start one just to keep track for yourself and see your growth. School is actually the perfect time to start that portfolio. But be wary of employers who ask to obsess over your code base once you finish.