Risk and uncertainty are the bread and butter of any actuary. A statistician should have the ability to communicate results and findings to other non-statisticians and the ability to influence others. According to IBM, the number of jobs for data professionals in the U.S will increase to 2,720,000 by 2020. A statistician should have a practical as well as a strategic approach to work and a high level of accuracy to detail. Then after the bachelor’s degree a master’s degree program in the same field or a related field in statistics. In the field of politics, statistics can be really useful for deriving the sentiment of the people and predict the results. Employers typically look for graduates with a degree that has a statistical or quantitative component. StatisticianJobs where your degree would be useful include: 1. Business analyst 2. Typical first jobs in this field include Mathematical Statistician and Research Assistant. A statistician should have strong hands in SQL (Structured Query Language) for getting the required data for analysis (Usually the analysis (EDA Explanatory Data Analysis) is done on a small set of data). Mathematics, computer, and economics classes are important preparation for this and many careers that use statistics. Actuarial analyst 2. After that one is good to go and have a full fledge full-time employment. ALL RIGHTS RESERVED. A statistician should be able to interpret the data and making sure that the decisions he/she makes are not solely based on intuitions. Median Salary: $75,500 By closing this banner, scrolling this page, clicking a link or continuing to browse otherwise, you agree to our Privacy Policy, Black Friday Mega Offer - Statistical Analysis Training (10 Courses, 5+ Projects) Learn More, 10 Online Courses | 5 Hands-on Projects | 126+ Hours | Verifiable Certificate of Completion | Lifetime Access, Programming Languages Training (41 Courses, 13+ Projects, 4 Quizzes), Virtualization Training Program (9 Courses), Cyber Security Training (12 Courses, 3 Projects), Useful Career Advice for College Students, Advice for Investment Banking Career Guide, How to Become a Best and Responsible Security, ITIL Certification Foundation Exam Study (Guide), A statistician should have a bachelor degree or a master’s degree in order to build the careers in statistics, mathematics, engineering, economics or. In this article, we list 10 careers for statistics majors, along with job descriptions and typical compensation. Machine learning engineer 8. Most Statisticians continue on to get a more advanced degree. What would be the oil price? Their role is to take difficult data sets and translate them into easily understandable graphs, tables, and reports that can be used by people … Below table represents the salaries of the different job titles under which the statisticians are engaged in companies and their pay grade. Recommended High School Courses: Jobs in Statistics From helping companies understand consumer tastes and preferences to analyzing clinical research, statisticians are making sense of the world around us. In the field of environment collect data to monitor levels of air pollution and to keep an eye on the levels of toxic gases. A statistician uses math techniques to analyze data by calculating specific information like averages, reliability, and trends. Internships and other career opportunities’ open up once you do your masters and doing 2-3 internships would notch up your chance of getting your dream job. What would be the airfare price? The discipline can apply to problems in economics, engineering, education, biology and sports. With a major in statistics, you can pursue a wide range of careers in business, finance, operations management and other industries. A statistician should have a bachelor degree or a master’s degree in order to build the careers in statistics, mathematics, engineering, economics or computer science. Here we have discussed the Introduction, Education, Career Path in Statistics, Salary and Career Outlook in Statistics. Statistics is a branch of mathematics, and there are many careers that use statistics in calculating, analyzing, and presenting information. As we heard about big data technologies and how data from different sources are brought together to form big warehouses of data. Job Spotlight: Advanced Manufacturing Engineer. Market researcher 9. After you graduate with your bachelor’s degree in statistics, there are only a few areas where you can find entry-level positions. Civil Service fast streamer 4. A statistician should be able to design experiments conduct trials on data or generate questions for surveys to produce the required data. Financial risk analyst 7. Financial manager 5. Is only collecting data enough? But what to do with them? With the advent increase in technology like AI (Artificial Intelligence) and machine learning techniques, statistics become a core course (backbone) of these technologies. Some … Job Description: Data analyst 5. Statistics can also be applied to one’s personal life, for example, one may be interested in investments say mutual funds and he can apply his stats skills and make some good money out of it. A bachelor’s or master’s degree is required. They gather and break down complex data on consumers, competitors, and market conditions. A statistician should be able to present his/her results to senior managers, regulatory authorities or clients thereby taking a call on the key decisions based on results and advising policymakers and government authorities. Actuary 3. Who would win the elections? Operational researcher 10. Jobs for statistics majors Chartered accountant 3. May minor or double-major in Statistics or Economics Works for big insurance companies or the government Job titles include: Actuary - Insurance Plan Designer - Insurance Rate Setter - Retirement Plan Designer - Statistician Mathematical Scientist or Research Analyst Statistics is a branch of mathematics, and there are many careers that use statistics in calculating, analyzing, and presenting information. THE CERTIFICATION NAMES ARE THE TRADEMARKS OF THEIR RESPECTIVE OWNERS. In the field of education sector for providing projections of future student numbers which will allow changes in the birth rate and assess the number of teachers that will be needed in the sector. © 2020 - EDUCBA. Working and workless households in the UK: April to June 2020 The economic status of households in the UK and the people living in them, where at least one person is aged 16 to 64 years. Data scientist 6. Investment analyst 8. A statistician should be able to carry out research, often as part of a team and writing reports or articles for publication. The following are just some of the careers that use statistics as an important part of the work to be done. Careers in Statistics are used in each and every field nowadays and here are few of them. Insurance underwriter 7. Statistics is the study of data organization to provide specific information and for measuring and determining uncertainty and probability. you may also look at the following article to learn more –, Statistical Analysis Training (10 Courses, 5+ Projects). A modern-day statistician should also have strong coding skills which can be used to design new algorithms on the way. Etc. Everyone looks out for a high paying job and what makes statistics stand out of all is that it can join the dots of problem and give a solution which is notable based on intuition but backed up by real logical reasons from the data. Here are some real life examples of jobs statisticians perform: Public Service Health and … Financial trader 6. Here is a list of career opportunities in statistics. Most of these professions are not commonly known. In the field of medicine for designing experiments to assess the effects of drugs and associated side effects or to design implement and analyze clinical studies. Hadoop, Data Science, Statistics & others, Statisticians are the decision makers in the real world when it comes to calling shots like whether to invest in ABC company or not? Economist 4. Education Required: CAREERS INVOLVING PROBABILITY AND STATISTICS Please note: This website is no longer being maintined; material may be out of date or links may be broken.

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