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Associate Data Scientist Jobs in Schaumburg, IL (NOW HIRING)

Lead Data Scientist

Oak Brook, IL · On-site

$102.60K - $193.43K/yr

Direct activities of associate/senior data scientists, third-party contractors, and consultants for specific business projects. * Comply with health and safety guidelines and rules; managers should ...

Lead Data Scientist

Oak Brook, IL · Hybrid

$102.60K - $193.43K/yr

Direct activities of associate/senior data scientists, third-party contractors, and consultants for specific business projects. * Comply with health and safety guidelines and rules; managers should ...

Lead Data Scientist

Oak Brook, IL · Hybrid

$102.60K - $193.43K/yr

Direct activities of associate/senior data scientists, third-party contractors, and consultants for specific business projects. * Comply with health and safety guidelines and rules; managers should ...

Expand awareness and understanding of Data Science to peers and senior leadership * Demonstrate ... As an Inmar Associate, you: * Put clients first and consistently display a positive attitude and ...

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$56.5K

$66.8K

$126.7K

How much do associate data scientist jobs pay per year?

As of May 27, 2026, the average yearly pay for associate data scientist in Schaumburg, IL is $66,812.00, according to ZipRecruiter salary data. Most workers in this role earn between $57,900.00 and $58,400.00 per year, depending on experience, location, and employer.

What Does an Associate Data Scientist Do?

The duties of an associate data scientist are to analyze statistical data analysis on large sets and identify trends by using advanced mathematical and computer science skills. Their responsibilities often include assisting in the production of statistical models, tools, and processes. They typically are in the process of pursuing a master’s degree and report to a senior data scientist. The qualifications you need are a bachelor’s degree in statistics, computer science, or a related field as well as experience working with machine-learning and data mining algorithms.

What are the key skills and qualifications needed to thrive as an Associate Data Scientist, and why are they important?

To thrive as an Associate Data Scientist, you need strong analytical skills, a solid foundation in statistics, and proficiency in programming languages like Python or R, typically supported by a degree in a quantitative field. Experience with data visualization tools (e.g., Tableau), machine learning libraries (e.g., scikit-learn), and database systems (e.g., SQL) is often required. Critical thinking, problem-solving, and effective communication are vital soft skills for translating data insights into actionable business solutions. These skills and qualities are essential for extracting valuable insights from complex data and driving data-informed decision-making within organizations.

What are some typical projects an Associate Data Scientist might work on, and how do they collaborate with other team members?

As an Associate Data Scientist, you can expect to contribute to a range of projects such as developing predictive models, analyzing large datasets to uncover business insights, and supporting the deployment of machine learning solutions. Collaboration is key; you'll often work closely with data engineers to prepare and process data, as well as with business analysts and product managers to align your findings with organizational goals. Regular meetings, code reviews, and knowledge-sharing sessions are common, providing opportunities to learn from senior data scientists and broaden your technical skills.

What is the difference between Associate Data Scientist vs Data Analyst?

AspectAssociate Data ScientistData Analyst
Required CredentialsBachelor's degree in Data Science, Statistics, or related field; some roles prefer certifications in data analysis or programmingBachelor's degree in Statistics, Mathematics, or related field; certifications like Microsoft Excel or Tableau are common
Work EnvironmentCollaborates with data science teams, develops models, and analyzes complex datasetsPrepares reports, visualizes data, and provides insights for decision-making
Employer & Industry UsageUsed in tech, finance, healthcare, and consulting firms focusing on predictive modelingCommon across various industries for business reporting and operational analysis

The Associate Data Scientist typically focuses on building models and advanced analytics, requiring programming skills and statistical knowledge. Data Analysts mainly interpret data through reports and visualizations, often with less emphasis on coding. Both roles are essential in data-driven organizations but differ in technical depth and responsibilities.

What are the most commonly searched types of Data Scientist jobs in Schaumburg, IL? The most popular types of Data Scientist jobs in Schaumburg, IL are:
What are popular job titles related to Associate Data Scientist jobs in Schaumburg, IL? For Associate Data Scientist jobs in Schaumburg, IL, the most frequently searched job titles are:
What cities near Schaumburg, IL are hiring for Associate Data Scientist jobs? Cities near Schaumburg, IL with the most Associate Data Scientist job openings:
Infographic showing various Associate Data Scientist job openings in Schaumburg, IL as of May 2026, with employment types broken down into 43% Full Time, 51% Part Time, 3% Temporary, and 3% Nights. Highlights an 13% Physical, 6% Hybrid, and 81% Remote job distribution, with an average salary of $66,812 per year, or $32.1 per hour.
Associate, Digital Finance Transformation - Data Scientist - Private Equity Performance Improvement

Associate, Digital Finance Transformation - Data Scientist - Private Equity Performance Improvement

Alvarez and Marsal

Chicago, IL

$90K - $130K/yr

Full-time, Part-time

Medical, Life, Retirement, PTO

Posted 28 days ago


Job description

Description

Digital Finance Transformation - Data Scientist:  Associate –  Private Equity Performance Improvement

About Alvarez & Marsal

Alvarez & Marsal (A&M) is a global consulting firm with over 10,000 entrepreneurial, action and results-oriented professionals in over 40 countries. We take a hands-on approach to solving our clients' problems and assisting them in reaching their potential. Our culture celebrates independent thinkers and doers who positively impact our clients and shape our industry. The collaborative environment and engaging work—guided by A&M's core values of Integrity, Quality, Objectivity, Fun, Personal Reward, and Inclusive Diversity—are why our people love working at A&M.

The Team

A&M’s Private Equity Performance Improvement Services (PEPI) practice works with private equity held portfolio companies and provides our clients with solutions to preserve and generate value for their businesses. Our goal is to improve transparency to key drivers and business performance, to support increasing cash and EBITDA, and to provide benefits through hands-on involvement in our clients’ operations. Our job is to support PE firms to ensure their portfolio companies have credible plans and the ability to execute and deliver financial outcomes.

Our PEPI CFO Services practice includes the following pillar of services:

  • Strategic Finance and Liquidity Management
  • Accounting Advisory and Financial Reporting Solutions
  • Working Capital Optimization
  • Digital Finance Transformation
  • Interim Management

How you will contribute

We are seeking an Associate or Senior Associate to join our Digital Finance Transformation team within PEPI. This role focuses on helping private equity portfolio companies accelerate digital enablement within the finance function—modernizing data environments, automating processes, and building analytics-driven tools that create measurable business impact.

The ideal candidate blends strong technical expertise in Python, SQL, and modern data platforms with a solid understanding of finance and accounting operations. You will work directly with CFOs, Controllers, and FP&A leaders to design, implement, and operationalize digital solutions that improve performance, transparency, and scalability.

Qualifications

  • 3-6 plus years of professional experience; consulting or professional services experience preferred.
  • Advanced Python programming experience, including familiarity with machine learning libraries (e.g., scikit-learn, TensorFlow, PyTorch).
  • Strong SQL skills and experience with modern data platforms (Snowflake, Databricks, Azure Synapse, Microsoft Fabric).
  • Experience with ETL/orchestration tools (Dagster, Temporal, Azure Data Factory, AWS Glue, Fivetran, Matillion).
  • Demonstrated ability to develop lightweight finance applications using Streamlit or Retool.
  • Solid understanding of finance and accounting concepts, including forecasting, working capital management, and three-statement modeling.
  • Exceptional communication and collaboration skills; proven ability to translate between finance and technology teams.
  • Ability to travel as required

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Your journey at A&M

We recognize that our people are the driving force behind our success, which is why we prioritize an employee experience that fosters each person’s unique professional and personal development. Our robust performance development process promotes continuous learning, rewards your contributions, and fosters a culture of meritocracy. With top-notch training and on-the-job learning opportunities, you can acquire new skills and advance your career.

We prioritize your well-being, providing benefits and resources to support you on your personal journey. Our people consistently highlight the growth opportunities, our unique, entrepreneurial culture, and the fun we have together as their favorite aspects of working at A&M. The possibilities are endless for high-performing and passionate professionals.

The salary range is $90,000--$130,000 annually, dependent on several variables including but not limited to education, experience, skills, and geography. In addition, A&M offers a discretionary bonus program which is based on a number of factors, including individual and firm performance.  Please ask your recruiter for details.

Alvarez & Marsal recruits on an ongoing basis. Candidates are considered as they apply, until the opportunity is filled. Candidates are encouraged to apply expeditiously to any role(s) that they are qualified for and that are of interest to them.

Full-time Positions and Part-time Positions Over 30 hours

Regular employees working 30 or more hours per week are also entitled to participate in Alvarez & Marsal Holdings’ fringe benefits consisting of healthcare plans, flexible spending and savings accounts, life, AD&D, and disability coverages at rates determined periodically as well as a 401(k) retirement savings plan. Provided the eligibility requirements are met, employees will also receive an annual discretionary contribution to their 401(k) retirement savings plan from Alvarez & Marsal. Additionally, employees are eligible for paid time off including vacation, personal days, seventy-two (72) hours of sick time (prorated for part time employees), ten federal holidays, one floating holiday, and parental leave. The amount of vacation and personal days available varies based on tenure and role type. Click here for more information regarding A&M’s benefits programs.

Inclusive Diversity

A&M’s entrepreneurial culture celebrates independent thinkers and doers who can positively impact our clients and shape our industry. The collaborative environment and engaging work—guided by A&M’s core values of Integrity, Quality, Objectivity, Fun, Personal Reward, and Inclusive Diversity—are the main reasons our people love working at A&M. Inclusive Diversity means we embrace diversity, and we foster inclusiveness, encouraging everyone to bring their whole self to work each day. It runs through how we recruit, develop employees, conduct business, support clients, and partner with vendors. It is the A&M way.

Equal Opportunity Employer

It is Alvarez & Marsal’s practice to provide and promote equal opportunity in employment, compensation, and other terms and conditions of employment without discrimination because of race, color, creed, religion, national origin, ancestry, citizenship status, sex or gender, gender identity or gender expression (including transgender status), sexual orientation, marital status, military service and veteran status, physical or mental disability, family medical history, genetic information or other protected medical condition, political affiliation, or any other characteristic protected by and in accordance with applicable laws. Employees and Applicants can find A&M policy statements and additional information by region here.

Unsolicited Resumes from Third-Party Recruiters

Please note that as per A&M policy, we do not accept unsolicited resumes from third-party recruiters unless such recruiters are engaged to provide candidates for a specified opening. Any employment agency, person or entity that submits an unsolicited resume does so with the understanding that A&M will have the right to hire that applicant at its discretion without any fee owed to the submitting employment agency, person or entity.