The following will give you more information for the various career planning involved for each primary field:
- Government
- Health, Medicine, & Insurance
- Industry & Operations Management
- Banking and Finance
- Academics
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 |
2021 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. |
Bachelor’s degree |
$105,900 |
|
|
Business intelligence analysts produce financial and market intelligence by querying data repositories and generating periodic reports. They devise methods for identifying data patterns and trends in available information sources. |
Bachelor's degree |
$100,910 |
|
|
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 |
$95,570 |
|
|
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. |
Bachelor's degree |
$99,270 |
|
|
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 |
$65,170 |
|
|
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 |
$101,000 |
|
|
Data scientists develop and implement a set of techniques or analytics applications to transform raw data into meaningful information using data-oriented programming languages and visualization software. They apply data mining, data modeling, natural language processing, and machine learning to extract and analyze information from large structured and unstructured datasets. They visualize, interpret, and report data findings and create dynamic data reports. |
Bachelor’s degree |
$100,910 |
|
|
Economists study the production and distribution of resources, goods, and services by collecting and analyzing data, researching trends, and evaluating economic issues. |
Master’s degree |
$105,630 |
|
|
Financial analysts provide guidance to businesses and individuals making investment decisions. They assess the performance of stocks, bonds, and other types of investments. |
Bachelor’s degree |
$95,570 |
|
|
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. |
Bachelor’s degree |
$63,920 |
|
|
Mathematicians conduct research to develop and understand mathematical principles. They also analyze data and apply mathematical techniques to help solve real-world problems. |
Master’s degree |
$96,280 |
|
|
Operations research analysts use advanced mathematical and analytical methods to help organizations investigate complex issues, identify and solve problems, and make better decisions. |
Bachelor’s degree |
$82,360 |
|
|
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. |
$79,640 |
||
|
Software developers create the computer applications that allow users to do specific tasks and the underlying systems that run the devices or control networks. |
Bachelor’s degree |
$109,020 |
|
|
Develop or apply mathematical or statistical theory and methods to collect, organize, interpret, and summarize numerical data to provide usable information. May specialize in fields such as biostatistics, agricultural statistics, business statistics, or economic statistics. |
Master’s degree |
$95,570 |
|
|
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. |
Master’s degree |
$59,740 |