Statistics professionals can find employment in sectors like: Business and Industry – Manufacturing, Marketing, Engineering, Statistical Computing. Health and Medicine - Public Health, Pharmacology, Genetics, Epidemiology. Learning – Education, Science Writing and Journalism.
With a predictive job outlook of an increase of 34% over the next ten years, which is higher than average for all occupations (7% is the average growth rate per
9 Best Careers For Statistics Majors
Rational, methodical, and precise—these are just some of the valuable qualities that characterize statistics majors.
Students in this challenging degree learn a wide range of skills during their studies, including how to conduct research, analyze data, and present their findings in clear, compelling ways.
They tend to have a high level of numeracy .
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Accountant
Accountants use their math and logic skills to help companies, individuals, and not-for-profit organizations of all kinds manage their finances more accurately and efficiently.
To do so, they review and reconcile financial statements, organize complex monetary data, and provide their clients with advice for how to reduce costs, increase revenues, a.
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Actuary
Risk and uncertainty are the bread and butter of any actuary.
These clever professionals rely on statistical research and analysis to calculate insurance premiums and risks for their clients.
Most actuaries work for insurance companies, where they help determine everything from health insurance policies to pension and retirement benefits.
Thriving .
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Business Analyst
Like statistics majors, business analysts have a natural talent for identifying the patterns within data.
They use their rational thinking and data analysis abilities to assess companies’ financial and technological systems, identifying strengths, weaknesses, and suggestions for improvement.
In doing so, they help their clients function more effici.
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Data Scientist
The daily life of a data scientist can look very different depending on where, and for whom they work.
Many are employed in research labs, where they use their coding skills to process and explore trends in experimental data.
Others work for tech startups, using their skills to process, analyze, and manage large amounts of healthcare or user behavi.
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Financial Quantitative Analyst
As the financial assets trade becomes increasingly complex, the demand for skilled quantitative analysts— or "quants"—continues to grow.
This challenging profession brings together methods and theoretical knowledge from mathematics, finance, computer science, and statistics.
By building and applying mathematical models and rules, quants help their .
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How do I choose a career path?
Consider your personal and professional goals to determine which path you want to follow.
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How many careers are there for a statistics major?
In this article, we list 10 careers for statistics majors, along with job descriptions and typical compensation.
Statistics is a branch of mathematics concerned with collecting, organizing, analyzing and interpreting large amounts of numerical data.
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Market Research Analyst
Who buys more microwave dinners: college students or working parents.
Are rural or urban customers more price sensitive when it comes to groceries.
These are just a couple of examples of the kinds of questions a market research analyst might be asked to answer.
By conducting market research and analyzing consumer data, these talented professionals .
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Operations Research Analyst
Big data mining, statistical analysis, optimization, and mathematical modeling come together in this important, mentally engaging career.
Operations research analysts serve businesses and organizations of all kinds, applying advanced techniques to solve high-level problems.
By assessing how to best allocate scarce resources or how to introduce more.
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Stock Trader
The life of a stock trader is fast-paced and dynamic.
These skilled professionals spend their days playing with numbers, figures, and probabilities—relying on detailed technical analyses to identify and capitalize on future market trends.
Through research and calculation, they aspire to predict the best time and price at which to buy, sell, and tra.
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What are alternative career paths?
Two possible alternative career paths include:
- becoming a data analyst or becoming a data scientist
Similar to statisticians, data analysts identify and communicate data-driven insights that allow business stakeholders to make better-informed decisions.
Nearly all industries have a need for skilled data analysts, at least to some degree.
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What is the job outlook for statisticians?
The job outlook for statisticians is positive.
According to our job posting data analysis, overall employment for mathematicians and statisticians is expected to grow 35.5 percent from 2021 to 2031.
