I have been an IT business analyst for about 10 years and recently completed a Data Science program. I also have a Masters in Computer Science. As an analyst, I was earning 150K and have recently gotten a Data Scientist offer for 85K. I am trying to make a career transition and understand I will have to take a cut but is that large of a cut normal?

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Depending on the region, that seems a little low for data science (try for 100k with some flex by region), but also your analyst pay was petty high for that type of role, so you probably still will end up taking a pay cut of some amount initially.
Given how high your analyst pay was, can I ask your motivation for the switch? Most people I know who made that switch did it for a pay bump.

I don’t think that reduction makes sense ☹️

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