Simply put, statisticians use numbers to solve real-world problems. They collect and analyze data, applying statistical theory and methods, to offer solutions in engineering, science, business, and many other fields. Statisticians may specialize in a certain area, such as economics, business, or bio-statistics. Approximately 25 percent of statistics professionals work for the government, while the rest work in the private sector. The duties of statistician jobs often include:
Determining what data needs to be gathered to solve certain problems
Selecting methods for finding and gathering data
Collecting, organizing, analyzing, and interpreting data to devise solutions to problems
Developing surveys and other methods of data collection
Summarizing conclusions from data analysis
Statistician Job Education Requirements
Statistician jobs can take many forms, but most require at least a master's degree in mathematics, statistics, or survey methodology. On the other hand, entry-level jobs, such as statistical assistant jobs, may only require a bachelor's degree in statistics or a related field. For those who want to teach or conduct research, a Ph.D. is likely necessary. To specialize in a certain area of the field, you will also need education or experience within the specialty. For example, strategic forecasting jobs usually require training in business and economics as well as statistics.
Statistician Job Market
The Bureau of Labor Statistics (BLS) expects the employment of statisticians to grow by 27 percent in coming years, which is more than twice the national average. The BLS predicts growth in the sector due to the rise of "big data," or the practice of analyzing large data sets in order to make more informed business decisions. The colossal amount of data collected by smartphones, the Internet, and portable devices will create more demand for statistical analysis.
Statistician Job Salary Information
Statisticians make an average of $84,010 according to the BLS. The top-earning ten percent of the profession makes an average of $129,830, while the bottom-earning ten percent makes $43,840.