What Can I Do with A Statistics Degree: 10 Careers in Statistics

In today’s data-driven world, graduating with the skills to convey information into meaningful insights that can be used by companies worldwide is extremely beneficial.

As you should already know, statistics is a math-heavy subject four year degree. Getting a statistics degree would appeal to those who love working with numbers, collecting data, and conducting analysis. If you’re still wondering if getting a degree in statistics would be worth it, here are some top occupations to get you started.

1. Financial Analyst

The financial analyst makes it on the list for statistics degree jobs. Your primary duties are providing help to individuals or businesses as they consider investments. Your daily tasks include analyzing the performance of bonds and stocks. Financial analysts are also required to forecast future market outcomes using their statistical knowledge. You are expected to make accurate predictions about how the market is going to behave. Because of its risky nature, those of you wanting to venture into this field will be earning an average of $60,070.

2. Actuarial Analyst

The next best jobs for statistics majors are actuarial analysts. If you enjoy problem-solving and have a knack for mathematics, this is the right statistics career for you. Your responsibilities include producing statistical reports and analysis by using special computational software on a regular basis. If you’re keen on this, various areas in the finance or insurance industries will need your expertise. An actuarial analyst ‘s average salary is $72,688 in the United States with a range that falls between $64, 524 and $80,309.

3. Statistician

Majoring in statistics can certainly get you a statistician job. You will have to use statistical methods to analyze and collect data to solve problems in your respective niches’ organization. After determining which data is needed to resolve the issue, you will conduct surveys to gather information. Most of the time, you’ll have to use well-known concepts during analysis but at times, you will also need to create new theories or models. The yearly average salary of a statistician is $37,802 as of March 29, 2021.

4. Economist

Jobs for statistics majors where your degree would be useful include becoming an economist. You’re entrusted to collect and analyze data to provide economic advice to the organizations that need them. Similar to financial analysts, you’re required to use specialized software to produce forecasts of economic trends and provide recommendations to enhance efficiency. As of March 29, an economist’s average salary is $87,233 with a range of $73,477 and $99,884.

5. Data Scientist

Data scientists are another statistics career you can pursue after graduating. The immense amount of data generated today calls for an increased need for data scientists. Your job is to review figures and statistics to reach conclusions to improve an organization’s business. Creating data sets, building tools to automate tasks, and identifying trends are some of the skills needed. A data scientist earns an average of $132,018, topping today’s list of the highest statistic major salary.

6. Operations Research Analyst

These mentally engaging math-related statistics jobs require you to apply your mathematical and statistical skills to evaluate ways to solve problems and streamline processes for the better. Big and small cooperation depend on operations research analysts to report their findings and influence the decisions to ensure a successful outcome. These positions in the United States get you an average of $69,2021 with a range of $60,793 and $77,481.

7. Market Research Analyst

Like any other statistics degree jobs, market researchers also focus on analyzing and forecasting sales for products and services. You’re to assess the end results of marketing programs and translate those data into reports and charts. Since many business decisions require knowledge in statistics, obtaining statistics majors with a career as a market research analyst will be the right choice. On average, you will be earning a median of $60,943 in the United States.

8. Accountant

One of the most popular careers out there, accountants regularly deal with numbers. Statistical analysis has become a go-to tool for accountants. When forecasting the consumption, earnings, and cash flow of an organization, having a thorough understanding of statistics will enable you to make better predictions of the future. If you enjoy working with quantitative data, as statistic majors this field will be the right path for you. In the United States, many accountants earn between $50,850 and $105,600.

9. Database Administrator

As the name suggests, database administrators are hired to store, categorize and organize information. All the backups, restorations, and data security are part of your duties. Professionals may get to develop, create and modify new databases whenever required. Besides learning statistics in university, having coding knowledge in Structured Query Language (SQL) will greatly help you get the job done quickly. Becoming a database administrator means you’re getting an average of $94,331 as of March 29, 2021. Go get that degree in statistics already!

10. Sports Statistician

Have a degree in statistics and love sports? Then this might be your dream job! Sports statisticians use statistical methods to compile and analyze data from sports events. During tournaments or matches, you’ll seek interesting findings to improve the game. If you’re into basketball, baseball, football, or hockey, there will be job openings for sports statisticians, so grab one when the opportunity arises! The average base salary in the United States for this career would be $60,375.

The ever increasing demand for data and the need for high-level analysis will see statistics majors increasing in every sector. Having an analytical, rational, and methodical personality will get you very far if you decide to enroll as a statistics major. While many see nothing but numbers, those with a statistics degree will see complex reasoning behind them. With these ten common careers laid out, all the best in any of the careers you choose to venture into!