How the Statistics Major Prepares You for the Job Market
Statistics is the study of data and chance, using mathematical and computational skills to determine relationships, probability, and projections of future trends. Due to the broad applicable nature of statistics, statisticians can work in a number of different industries, from health care to technology to marketing. Statistics students take courses in calculus, statistical theory, probability, and other topics related to determining the link between a mathematic figure and what it means in the everyday world. Statistics majors also have general elective credits, which can be used to study subjects that pertain to the studentís field of interest. For example, if you are a statistics major and are interested in working in technology statistics, you can use your elective classes to learn more about technology and computers. This way, upon graduation, statistics majors will be well-versed in statistics work as well as in the field in which they hope to work.
Best Career Paths for Statistics Majors
Statistics majors have the option to work in a wide variety of industries, allowing them to pursue statistical work in a field that interests them. The best career paths for statistics majors are:
- Statistician. Statisticians are responsible for the analysis of numerical data. They work with companies in nearly every industry to collect and examine data, such as the percentage of patients who were cured by a new medicine or the number of additional sales generated by revamped packaging on a product. Statisticians can work in determining how effective any product is, or how likely it is to break down. Some statisticians specialize in a particular field, such as biostatistics, economics, or weapons efficiency. All in all, statisticians can provide valuable insight into probabilities, which can be immensely valuable in determining risks and judging needs. Statisticians make an average salary of $72,610 annually, according to the Bureau of Labor Statistics.
- Finance Advisor. Finance advisors work with individuals on how to best handle money in order to meet a monetary goal. For example, advisors may work with clients who are looking to save for retirement, prepare to fund a childís college tuition, or seek out a new home. Advisors look over the clientís spending habits and find areas where the client can save. They also suggest investment plans for the client to consider. Financial advisors earn about $69,050 annually, according to the Bureau.
How to Market Your Statistics Degree
The statistics degree is applicable to many different industries. To sell your statistics degree to employers, you must highlight the strongest qualifications that your college education has given you. For example, statistics majors are well-versed in mathematics, analytical skills, and technical writing due to the coursework that is required for graduation. Mention that your educational career has prepared you for working with real-world cases, and that you are quick and accurate in breaking down heavy loads of numeric data into meaningful research. Any additional relevant classes taken should be mentioned as well, as this extra background knowledge can only add value to your degree.
