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Careers in Statistics

The demand for graduates with a degree in statistics from all levels of education is constantly increasing. As more fields become data heavy, statistics graduates are able to find themselves within a wide variety of fields after graduation. With a degree in statistics the possibilities are endless for the type of field you can find yourself in. For every “what can I do with a degree in statistics?” question there are countless answers and various paths that will get you to an end result. Resources such as the Bureau of Labor Statistics and PayScale have valuable information on occupations for students who have received a degree in statistics. Both of those websites allow you to research the levels of education, the work environments, median pay grades, the job outlook for the next several years, and similar occupations.

The following will give you more information for the various career planning involved for each primary field:

Government & Insurance
Health and Medicine
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.

SUCCESS AFTER GRADUATION

Top employers from across the globe actively recruit graduates from our programs (undergraduate and graduate) and continue to search for the best and the brightest that we have to offer. Our graduates have found employment in a wide variety of fields, such as: insurance and financial sectors, market research firms, consumer product research, engineering and manufacturing, biotech and pharmaceutical, and multiple government agencies.

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

ACTUARIES

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

BUSINESS ANALYST

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

BIO-STATISTICIAN

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

COMPUTER SYSTEMS ANALYSTS
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

COST ESTIMATORS

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

DATA ANALYST

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

DATABASE ADMINISTRATORS

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

Data Modeler

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

DATA SCIENTIST 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

ECONOMISTS

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

FINANCIAL ANALYSTS

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

MARKET RESEARCH ANALYSTS

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

MATHEMATICIANS

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

OPERATIONS RESEARCH ANALYSTS

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

POST SECONDARY TEACHERS

Post secondary 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.

SOFTWARE DEVELOPER ENGINEER

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

SPORTS STATISTICIAN

Sports Statisticians create mathematical models to evaluate players and teams from a variety of different sports in order to project performance. Master’s degree

STATISTICIANS

Statisticians use statistical methods to collect and analyze data and to help solve real-world problems in business, engineering, healthcare, or other fields. Master’s degree

SURVEY RESEARCHERS
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

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