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My husband is director of data analytics at a large computer. They regularly hire people who have the educational background with no real world experience. And they have had good luck with most of those hires. I think there’s bigger market for data scientists than there are data scientists. So hopefully that’s the case in your market. 
Thank you both for your input! This is where I’ve been struggling—I know that there is a lot of demand for data analysts, but I’ve seen that it can vary greatly for data scientists.