The following will give you more information for the various career planning involved for each primary field:
- Health, Medicine, & Insurance
- Industry & Operations Management
- Banking and Finance
Whether your goals are to get into academics, government, industry, or any other occupational field after graduation, chances are there will be an increased demand for students who have extensively studied statistics. 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 the Bureau of Labor Statistics ), the need for Statisticians is ever increasing.
The Department of Statistics is committed to guiding our students towards their career goals, regardless of their education level (Bachelor's, Master's, or PhD). From internships to professional development and biannual career forums, the Department of Statistics will offer you many tools and resources to guide you towards your career goals.
Listed below is just a small sampling of the possible jobs that a student of statistics could find themselves in after graduation. Each occupation title will take you to either the listing on the Bureau of Labor Statistics or Payscale sites so that you may research the listing more thoroughly.
|OCCUPATION||JOB DUTIES||ENTRY-LEVEL EDUCATION||2016 MEDIAN PAY|
Actuaries analyze the financial costs of risk and uncertainty. They use mathematics, statistics, and financial theory to assess the risk that an event will occur, and they help businesses and clients develop policies that minimize the cost of that risk. Actuaries’ work is essential to the insurance industry.
|A business analyst (unspecified type) examines sets of data and documents to make informed conclusions. Among other duties, a business analyst acts as a facilitator within an organization to make internal departments more efficient. This type of financial expert typically thrives in a high-stress environment and is quick to adapt to the ever-changing conditions of businesses.||Bachelor's degree||$58,454|
|Biostatisticians conduct statistical analyses for a wide range of biology-related topics, as well as assist with experimental design. They work with a scientific team on studies' statistical design, helping determine the team's needs and appropriate methods.||Master's degree||$74,521|
Computer systems analysts study an organization’s current computer systems and procedures and design information systems solutions to help the organization operate more efficiently and effectively. They bring business and information technology (IT) together by understanding the needs and limitations of both.
|Cost estimators collect and analyze data in order to estimate the time, money, materials, and labor required to manufacture a product, construct a building, or provide a service. They generally specialize in a particular product or industry.||Bachelor's degree||$61,790|
|A data analyst uses data to acquire information about specific topics. This usually starts with the survey process, in which data analysts find survey participants and gather the needed information. The data is then interpreted and presented in forms such as charts or reports.||Bachelor's degree||$58,023|
|Database administrators (DBAs) use specialized software to store and organize data, such as financial information and customer shipping records. They make sure that data are available to users and are secure from unauthorized access.||Bachelor's degree||$84,950|
|A data modeler is a specialize analyst who takes large chunks of data and attempts to pull useful information out of it. The modeler then uses this information to create detailed data reports for businesses and clients.||Masters's degree||$79,405|
|IT data scientists are responsible for mining complex data and providing systems-related advice for their organization. They design new ways to incorporate vast information with a focus on information technology topics. They work with teams of other IT professionals to manage statistical data and create different models based on the needs of their company.||Master's degree||$91,630|
Economists study the production and distribution of resources, goods, and services by collecting and analyzing data, researching trends, and evaluating economic issues.
Financial analysts provide guidance to businesses and individuals making investment decisions. They assess the performance of stocks, bonds, and other types of investments.
Market research analysts study market conditions to examine potential sales of a product or service. They help companies understand what products people want, who will buy them, and at what price.
Mathematicians conduct research to develop and understand mathematical principles. They also analyze data and apply mathematical techniques to help solve real-world problems.
Operations research analysts use advanced mathematical and analytical methods to help organizations investigate complex issues, identify and solve problems, and make better decisions.
|Postsecondary teachers instruct students in a wide variety of academic and career and technical subjects beyond the high school level. They also conduct research and publish scholarly papers and books.||Varies||$75,430|
|Software development engineers (SDE) work in a range of industries to apply the principles and techniques of computer engineering, information analysis, and computer science to design, build, and develop their employers’ computer systems and software.||Bachelor's degree||$102, 280|
|Sports Statisticians create mathematical models to evaluate players and teams from a variety of different sports in order to project performance.||Master's degree||$79,990|
|Statisticians use statistical methods to collect and analyze data and to help solve real-world problems in business, engineering, healthcare, or other fields.||
Survey researchers design and conduct surveys and analyze data. Surveys are used to collect factual data, such as employment and salary information, or to ask questions in order to understand people’s opinions, preferences, beliefs, or desires.