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About This Role
Data Scientist
We're looking for a hard\-working, thoughtful Data Scientist who delivers results. You'll transform messy data into useful models and decision\-making tools, collaborate closely with engineering and business development teams, and own projects from start to finish—including scoping, deployment, and monitoring.
In Business Development at Millennium, we identify and onboard trading talent and data advantages that drive profitability. We evaluate data vendor solutions and surface novel data points that create early, differentiated signals ahead of competitors. Some work involves delivering reliable, established solutions, while much of it is creative—extracting hidden insights from existing data and discovering new sources.
Strong Python skills are required. Hands\-on experience with large language models (LLMs) and their practical applications is a significant plus. We value humility, reliability, clear communication, and collaborative teamwork.
Responsibilities:
- Own outcomes: break projects into milestones, estimate realistically, meet deadlines, and surface risks early with options.
- Build and deploy models: develop ML models (including LLM\-enabled solutions when appropriate), design features, evaluate rigorously, and contribute to production\-grade pipelines.
- Work the full data lifecycle: wrangle and clean data, implement data quality checks, write maintainable Python/SQL, add tests, and document decisions.
- Collaborate cross\-functionally: translate business questions into analysis, present trade\-offs clearly, and iterate with stakeholders and tech partners.
- Deploy to production: partner with data engineers to ship to production (APIs, batch jobs, monitoring) and create feedback loops for continuous improvement.
- Drive system improvements: propose pragmatic improvements to data, tooling, and process that reduce manual work and increase reliability.
Qualifications/Skills Required
- Bachelor's degree in Computer Science, Data Science, Statistics, or a related field.
- 3\+ years of hands\-on experience in data science, analytics, or ML, with at least one end\-to\-end project shipped to production used by real stakeholders.
- Strong Python proficiency (Pandas, NumPy, Matplotlib, and Scikit\-learn).
- Sound understanding of ML fundamentals: problem framing, validation, metrics, overfitting, feature engineering.
- Experience with SQL and NoSQL database structures along with relational, columnar and document databases.
- Experience with LLMs and modern NLP: prompt engineering, retrieval\-augmented generation (RAG), vector databases, knowledge graphs—plus a pragmatic sense of when not to use them.
- Strong data visualization and storytelling abilities using tools such as Plotly, Dash, Streamlit, or similar frameworks.
- Familiarity with cloud services (AWS/Azure) for data storage, compute, and deployment.
How we work (what success looks like)
- Strong ownership: Plan thoroughly, communicate proactively, and meet deadlines—we value reliability over last\-minute heroics
- Humble and collaborative: Seek and provide constructive feedback, write clear documentation, and pair program when it helps the team
- Bias toward action: Start simple, deliver iteratively, and improve based on evidence
The estimated base salary range for this position is $165,000 to $250,000, which is specific to New York and may change in the future. Millennium pays a total compensation package which includes a base salary, discretionary performance bonus, and a comprehensive benefits package. When finalizing an offer, we take into consideration an individual’s experience level and the qualifications they bring to the role to formulate a competitive total compensation package.
Salary Context
This $165K-$250K range is above the 75th percentile for Data Scientist roles in our dataset (median: $155K across 226 roles with salary data).
View full Data Scientist salary data →Role Details
About This Role
Data Scientists extract insights and build predictive models from data. In the AI era, many roles now include LLM-powered analytics, automated reporting, and integration with generative AI tools. The role has evolved from 'the person who runs SQL queries' to 'the person who builds AI-powered data products.'
Modern data science roles fall into two camps: analytics-focused (insights, dashboards, experimentation) and ML-focused (building predictive models, recommendation systems, NLP features). The best data scientists can operate in both modes. The AI shift means that even analytics-focused roles now involve building automated insight pipelines using LLMs, going well beyond one-off reports.
Across the 3,708 AI roles we're tracking, Data Scientist positions make up 8% of the market. At Millennium Management, this role fits into their broader AI and engineering organization.
Data Scientist roles remain in high demand, though the definition keeps shifting. Companies increasingly want candidates who can bridge traditional statistics with modern ML and LLM capabilities. The 'pure insights' data scientist role is consolidating into analytics engineering, while the 'build models' data scientist role is merging with ML engineering.
What the Work Looks Like
A typical week includes: analyzing experiment results for a product feature launch, building a predictive model for customer churn, creating an automated reporting pipeline using LLM-powered summarization, presenting insights to stakeholders, and cleaning data (always cleaning data). The ratio of analysis to engineering varies by company, but expect both.
Data Scientist roles remain in high demand, though the definition keeps shifting. Companies increasingly want candidates who can bridge traditional statistics with modern ML and LLM capabilities. The 'pure insights' data scientist role is consolidating into analytics engineering, while the 'build models' data scientist role is merging with ML engineering.
Skills Required
Python, SQL, and statistical modeling are the foundation. Increasingly, roles want experience with LLMs for data analysis, automated insight generation, and building AI-powered data products. Familiarity with cloud data platforms (Snowflake, BigQuery, Databricks) and ML frameworks (scikit-learn, PyTorch) covers most job requirements.
Experimentation design and causal inference are underrated skills that separate strong candidates. Companies care about whether their product changes cause improvements, and can distinguish causation from correlation. A/B testing methodology, Bayesian statistics, and the ability to communicate uncertainty to non-technical stakeholders are high-value skills.
Good postings specify the data stack, the types of problems you'll work on, and the team structure. Look for companies that differentiate between analytics and ML data science. Vague 'data scientist' postings that list every skill under the sun usually mean the company doesn't know what they need.
Compensation Benchmarks
Data Scientist roles pay a median of $192,890 based on 463 positions with disclosed compensation. Mid-level AI roles across all categories have a median of $200,000. This role's midpoint ($207K) sits 8% above the category median. Disclosed range: $165K to $250K.
Across all AI roles, the market median is $217,500. Top-quartile compensation starts at $272,100. The 90th percentile reaches $325,000. For comparison, the highest-paying categories include AI Safety ($300,000) and Research Engineer ($280,000). By seniority level: Entry: $120,000; Mid: $200,000; Senior: $230,000; Director: $272,150; VP: $250,000.
Millennium Management AI Hiring
Millennium Management has 3 open AI roles right now. They're hiring across AI/ML Engineer, Data Scientist. Based in New York, NY, US. Compensation range: $250K - $250K.
Location Context
AI roles in New York pay a median of $220,000 across 1,045 tracked positions.
Career Path
Common paths into Data Scientist roles include Data Analyst, Statistician, Quantitative Researcher.
From here, career progression typically leads toward Senior Data Scientist, ML Engineer, AI Product Manager.
Start with statistics and SQL. Build a real analysis project on public data that demonstrates insight generation alongside model building. The market values data scientists who can communicate findings clearly to business stakeholders. If you want to move toward ML engineering, invest in software engineering fundamentals and production deployment skills.
What to Expect in Interviews
Interviews combine statistics, coding, and business acumen. SQL is almost always tested, often with complex joins and window functions. Expect a case study round where you're given a business problem and asked to design an analysis plan. Coding rounds focus on pandas, statistical modeling, and visualization. The strongest differentiator is how well you communicate insights to non-technical stakeholders during presentation rounds.
When evaluating opportunities: Good postings specify the data stack, the types of problems you'll work on, and the team structure. Look for companies that differentiate between analytics and ML data science. Vague 'data scientist' postings that list every skill under the sun usually mean the company doesn't know what they need.
AI Hiring Overview
The AI job market has 3,708 open positions tracked in our dataset. By seniority: 102 entry-level, 1,705 mid-level, 1,469 senior, and 432 leadership roles (Director, VP, C-Level). Remote roles make up 14% of the market (508 positions). The remaining 3,180 roles require on-site or hybrid attendance.
The market median for AI roles is $217,500. Top-quartile compensation starts at $272,100. The 90th percentile reaches $325,000. Highest-paying categories: AI Safety ($300,000 median, 21 roles); Research Engineer ($280,000 median, 147 roles); AI Architect ($254,798 median, 67 roles).
Data Scientist roles remain in high demand, though the definition keeps shifting. Companies increasingly want candidates who can bridge traditional statistics with modern ML and LLM capabilities. The 'pure insights' data scientist role is consolidating into analytics engineering, while the 'build models' data scientist role is merging with ML engineering.
The AI Job Market Today
The AI job market spans 3,708 open positions across 16 role categories. The largest categories by volume: AI/ML Engineer (2,605), Data Scientist (310), AI Software Engineer (259). These three account for the majority of open positions, though smaller categories often have higher per-role compensation because of specialized skill requirements.
The seniority mix tells a story about where AI teams are in their maturity. Entry-level roles (102) are outnumbered by mid-level (1,705) and senior (1,469) positions, reflecting that most companies are past the 'build a team from scratch' phase and need experienced engineers who can ship production systems. Leadership roles (Director, VP, C-Level) total 432 positions, representing the bottleneck between technical execution and organizational strategy.
Remote work availability sits at 14% of all AI roles (508 positions), with 3,180 requiring on-site or hybrid attendance. The remote share has stabilized after the post-pandemic correction. Senior and specialized roles (Research Scientist, ML Architect) are more likely to be remote-eligible than entry-level positions, partly because experienced hires have more negotiating power and partly because these roles require less hands-on mentorship.
AI compensation is structured in clear tiers. The market median sits at $217,500. Top-quartile roles start at $272,100, and the 90th percentile reaches $325,000. These figures include base salary with disclosed compensation. Total compensation (including equity, bonuses, and sign-on) runs 20-40% higher at companies that offer those components.
Category matters for compensation. AI Safety roles lead at $300,000 median, while Prompt Engineer roles sit at $140,000. The spread between highest and lowest-paying categories reflects the premium on specialized technical skills versus broader analytical roles.
The most in-demand skills across all AI postings: Python (1,890 postings), Aws (1,103 postings), Azure (877 postings), Rag (855 postings), Gcp (631 postings), Prompt Engineering (560 postings), Pytorch (545 postings), Claude (498 postings). Python dominates, appearing in the vast majority of role descriptions regardless of category. Cloud platform experience (AWS, GCP, Azure) is the second most common requirement. The newer entrants to the top skills list (RAG, vector databases, LLM APIs) reflect the shift from traditional ML toward generative AI applications.
Frequently Asked Questions
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