Most Statisticians continue on to get a more advanced degree. Careers in Statistics are used in each and every field nowadays and here are few of them. 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. 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. The trendy way is to pick up a micro course in data science and participate in hackathons which will open up opportunities for people with a non – mathematics background. 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. Statistics is a branch of mathematics, and there are many careers that use statistics in calculating, analyzing, and presenting information. © 2020 - EDUCBA. Data scientist 6. A bachelor’s or master’s degree is required. Many careers involve heavy use of probability and statistics. Their role is to take difficult data sets and translate them into easily understandable graphs, tables, and reports that can be used by people … STEM type: Advisor Insurance underwriter 7. Actuary 3. A statistician should be able to interpret the data and making sure that the decisions he/she makes are not solely based on intuitions. Who will give the insights of what is really happening with the data? This website or its third-party tools use cookies, which are necessary to its functioning and required to achieve the purposes illustrated in the cookie policy. Civil Service fast streamer 4. A large number of Statisticians work for the government, and the majority of job opportunities for new graduates are with government agencies. Mathematics, computer, and economics classes are important preparation for this and many careers that use statistics. The discipline can apply to problems in economics, engineering, education, biology and sports. In this article, we list 10 careers for statistics majors, along with job descriptions and typical compensation. But what to do with them? Statistics is the study of data organization to provide specific information and for measuring and determining uncertainty and probability. A statistician should be able to carry out research, often as part of a team and writing reports or articles for publication. Here are some examples, with links to further information. Some of the best ways to really know how statisticians work can be seen in few movies like Alan Turing’s “Imitation Game” and “Money Ball”. A large number of Statisticians work for the government, and the majority of job opportunities for new graduates are with government agencies. A statistician should have a practical as well as a strategic approach to work and a high level of accuracy to detail. A statistician should be able to consult with clients to discuss what data to be collected and how much data is needed to be collected. Financial manager 5. Statistics is a branch of mathematics, and there are many careers that use statistics in calculating, analyzing, and presenting information. 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). ALL RIGHTS RESERVED. Then after the bachelor’s degree a master’s degree program in the same field or a related field in statistics. Typical first jobs in this field include Mathematical Statistician and Research Assistant. Some … It will a good thing to go for a Ph.D. program if one goes through the traditional way of making your career path in statistics. As we heard about big data technologies and how data from different sources are brought together to form big warehouses of data. Job Description: Jobs in Statistics From helping companies understand consumer tastes and preferences to analyzing clinical research, statisticians are making sense of the world around us. A modern-day statistician should also have strong coding skills which can be used to design new algorithms on the way. Investment analyst 8. Machine learning engineer 8. Data analyst 5. According to IBM, the number of jobs for data professionals in the U.S will increase to 2,720,000 by 2020. Most of these professions are not commonly known. Below table represents the salaries of the different job titles under which the statisticians are engaged in companies and their pay grade. “Statistician’s” are the ones who can look through the data and derive insights by converting it to information. 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. Demand for knowledgeable data analytics professionals currently outweighs the supply, meaning that companies are willing to pay a premium to fill their open job positions. With a major in statistics, you can pursue a wide range of careers in business, finance, operations management and other industries. This has been a guide to Careers in Statistics. 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. 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. The following are just some of the careers that use statistics as an important part of the work to be done. Risk and uncertainty are the bread and butter of any actuary. These clever professionals rely on statistical research… Market research analysts use specialized software to analyze ‘market data’. A statistician should be able to design experiments conduct trials on data or generate questions for surveys to produce the required data. Etc. Employers typically look for graduates with a degree that has a statistical or quantitative component. 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? ; 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). There are two ways, one is the traditional way and the other is the recent trendy way. Economist 4. In the field of food, researchers collect data to measure the toxicity of food additives and recommend which items should be included in food production. 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. With the advent increase in technology like AI (Artificial Intelligence) and machine learning techniques, statistics become a core course (backbone) of these technologies. A statistician should have the ability to communicate results and findings to other non-statisticians and the ability to influence others. A statistician should be able to meet deadlines and work with teams or alone. Like working with numbers? Who would win the elections? 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