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A degree in statistic requires students to learn the methods and mathematics used to extrapolate information from data. Students may study statistics at the bachelor or graduate level. Statistics is very mathematics intensive, requiring students to learn various forms of mathematics to develop and utilize statistical models. A bachelor's degree is not necessary to pursue graduate level degrees in statistics, though a math background is required.
A curriculum in statistics may include:
- Data Analyses
- Linear and Experimental Models
- Statistical Methods and Models
A career in statistics will involve the design, implementation and interpretation of statistical models in order to obtain information for specific purpose. This may be performed through the development of surveys, experiments, polls or other methods where the collection of data takes place. The statistician will then examine this data and interpret the results in order to present a conclusion. The use of statisticians in business and government is widespread. Statisticians work with government most agencies in order to determine probabilities and recognize trends. Private companies will utilize statisticians to track trends in markets, compile historical data, determine demographics, and more.
Jobs for statisticians are expected to grow as fast as average over the next decade. Increased growth will come from the need for data analyses for tech companies, increased data efficiency for government agencies, and the need for data to make informed decisions for businesses in general. Additionally, statisticians are heavily used by pharmaceutical companies, particularly to extrapolate data from drug tests to see the effectiveness of new medications.
Statisticians with master or doctoral degrees will be able to consult privately, as well as develop new test model for data collection. Independent researchers are able to propose project ideas, and often work alongside agencies or private firms in order to tackle specific issues. Graduate degrees will also open up teaching opportunities in statistics.
The average pay for statisticians:
- Federal Government - $95,000
- Research and Development – $83,000
- Insurance Companies - $66,000
- Teachers (all levels) – $65,000
- State Government - $45,000
Individuals interested in statistics may also be interested in mathematics, demography and population study, or business statistics.