5 Great Careers for a Statistician

5 In-Demand Statistician Jobs

  • Economist
  • Mathematician
  • Business Analyst
  • Software Engineer
  • Risk Analyst

Individuals who are good with numbers and have a passion for dealing with data and statistics may choose to become a statistician, which can be a good choice since there are several great careers for a statistician. Statisticians collect, analyze, organize and study numerical data that can be used to provide valuable information and solve problems. They also design and apply statistical or mathematical theories to help them determine what data is useful and how it can be used. Here are five great careers for a statistician.

1. Economist

Economists provide the distribution and production of resources, products and services by collecting and assessing data, studying trends and analyzing economic issues. They collect data and conduct surveys; research and predict market trends; write for academic journals; make recommendations to businesses and individuals on economic issues and present their research in charts, tables and reports. Economists also apply quantitative and qualitative economic analysis to subjects in various fields, including healthcare, education, development and the environment. The U.S. Bureau of Labor Statistics (BLS) projects that economists should see a job growth of 6 percent between 2016 and 2026. Economists earn an average annual wage of $102,490, according to BLS report.

2. Mathematician

Mathematicians, much like statisticians, analyze data and apply mathematical methods to find solutions and solve problems in fields like healthcare, engineering, business and many other fields. Using concepts like geometry and algebra, mathematicians develop mathematical concepts, theories and rules. Much of their data is obtained by performing experiments, designing surveys and doing opinion polls. They also decide which data is important and needed to solve certain problems or answer certain questions. Mathematicians are expected to see an employment growth of 30 percent during the 2016-2026 decade, according to the Bureau. The Bureau reports that mathematicians earn an average annual salary of $103,010.

3. Business Analyst

A business analyst helps businesses have the computer system that will best meet their needs and make them the most profitable. They analyze the company, analyze its computer system and business processes, meet with company management and IT professionals and advise them as to what type of system they need and how to make the system as effective as possible. The individual duties of a business analyst vary by the industry and the company. For instance, the needs of a healthcare facility would be different than that of an automobile manufacturer. Business analysts can earn annual wages ranging from $55,000 to $175,000, depending on experience, employer and industry.

4. Software Engineer

Software engineers play a vital role in the development and design of software. Once the software design team creates a software program, it is the software engineer who develops the way the program and functions work. Software engineers write, debug and modify software for applications as well as write code for specific applications. They work alongside coders, programmers and designers. They use flowcharts and spreadsheets to illustrate their designs to other professionals. Software Engineers earn an average annual wage of $82,621, according to a PayScale.

5. Risk Analyst

Risk analysts do exactly what their name implies. They research, study and analyze data and statistics and determine the risks that are involved. They then report back to management and make recommendations based on their findings. Although they generally work for insurance companies and banks, they may work for other industries as well. They create and study balance sheets, financial statements, credit reports and other documentation that helps them determine the riskiness of a client or transaction. PayScale reports that risk analysts earn an average annual wage of $61,855.

Related Resource: Top 25 Most Affordable Online Bachelor’s Degrees in Accounting 2018

Individuals who are looking for a career that can offer various job opportunities often find pursing a statistician degree a great choice. If the individual also has a passion for math and statistical data, it can be a win-win situation to become a statistician.

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