5 Exciting Jobs for Statistics Majors
A statistics major gets you ready to utilize data to address real-world issues. As a statistics major, you learn to collect data, which you then study and help businesses interpret. The knowledge a statistics major gives you can be applied across various roles and industries, including healthcare and government. Discussed below are five exciting jobs for statistics majors.
1. Data scientist
A data scientist is an analytical expert who extracts meaning from data and translates it to resolve complex issues. As a data scientist, your role integrates statistics, computer science, and math to:
- Gather and organize information from various sources
- Interpret outcomes into actionable ideas
- Communicate findings to organizations
To be a successful data scientist, you must be:
- An effective communicator
- Team member
- Leader
- Analytical thinker
As a data scientist, you can work in different settings and industries, including:
- Government agencies
- Manufacturing
- Healthcare
- Research institutions
The high demand for data scientists guarantees job security, making it a great profession for anyone starting out or looking for a career change. Enrolling in accredited statistics degree programs can help you become a qualified data scientist.
2. Biostatistician
As a biostatistician, you utilize statistical and mathematical means to address investigations in:
- Biology
- Public health
- Medicine and other related domains
Your job will primarily include working with data collected through medical research to make predictions and draw conclusions. A biostatistician’s expertise lies in evaluating data, which comes in handy when looking to promote evidence-based decision-making in medical fields.
A doctoral or master’s degree comes in handy for biostatisticians looking to advance their careers or enhance their specialization chances. To be a successful biostatistician, you must possess several that will enable you to work effectively, including:
- Critical thinking
- Problem-solving
- Communication
- Ability to work with less supervision
3. Statistician
A statistician is a professional who applies statistical models and methods to real-world issues. They collect, study, and translate data to help make business decisions. Statisticians are invaluable in all fields as they can communicate data patterns to advise management on changing operations. Regardless of where you work, your job as a statistician includes:
- Gathering, studying, and interpreting data
- Identifying data relationships and trends
- Communicating results to stakeholders
- Designing data collection procedures
- Advising business and organizational strategies
- Helping in decision-making
4. Financial analyst
Financial analysts handle various research activities to inform investment strategies while making investment choices for organizations or clients. These tasks may include:
- Analyzing financial data
- Studying current market developments and events
- Analyzing a company’s financial statements
- Developing financial models to forecast future performance
Financial analyst positions are data-intensive and need robust analytical and mathematical skills. Their job revolves around guiding individuals and companies in decisions regarding spending money to earn a profit. As a financial analyst, you find employment in large corporations like mutual funds and insurance companies.
5. Actuary
An actuary has a deep understanding of business management, mathematics, and statistics, which they leverage to help with business growth while offering customers value. They use their problem-solving, critical thinking, and mathematical skills to determine the risk and probability of future events and their financial impact on businesses and customers. While most actuaries work in the insurance industry, they can also find employment in other fields.
Endnote
As a statistics major, you have many work options. Familiarize yourself with these exciting jobs for statistics majors.
