Why is statistics a growing field




















Regardless of whether a statistician works in the public or private sector, their daily tasks are likely to include:. In order to be successful, statisticians typically have a unique combination of technical, analytical, and leadership skills. These include:.

However, those who demonstrate proficiency in both statistical analysis as well as another subject area—for example, economics and econometrics, computer and material science, or biology—can have a distinct competitive advantage when seeking employment in a specialized industry.

Students are encouraged to take classes in computer sciences as well, which has important applications on the job. Those specifically considering a career in research or academia are typically required to earn a PhD.

Two possible alternative career paths include becoming a data analyst or becoming a data scientist. Similar to statisticians, data analysts identify and communicate data-driven insights that allow business stakeholders to make better-informed decisions. Nearly all industries have a need for skilled data analysts, at least to some degree. Industries with the greatest demand tend to be sales, marketing, healthcare, and various sciences.

Data analysts typically work with teams to complete projects or address problems as needed. Since most work is done on a computer, there are possibilities to work remotely in this field. Although at first glance it may seem statistics and data analytics are one and the same, there are some major differences that set these careers apart.

Data analysts should also have a strong feel for statistics, but their real skills focus on being able to use tools to extract information from the data. He points out that analysts are charged with cleaning, formatting, and integrating data so that it can be input into software to be analyzed. In contrast, statisticians must be devoted to the computational nature of their work and be highly confident in their ability to solve complex mathematical equations.

The demand for data analysts is similarly high, as it is for statisticians. Recent projections by IBM estimate that there will be more than 2. By comparison, the aforementioned 33 percent growth rate for statistician jobs in the U. The earning potential for these roles is also promising. Another possible alternative to a career in statistics could be to pursue a role in data science.

While there is a fair amount of overlap between the fields of statistics and data science, there are several important distinctions. For example, whereas statisticians use mathematical analysis to solve real-world problems, data scientists take a multidisciplinary approach which is more focused on computing techniques in order to extract insights from data.

Unlike data analysts who interpret and draw conclusions from data sets, data scientists design processes for modeling data. Cal U also offers online SAS certificates in data science at both the undergraduate and graduate levels, so you can boost your degree and land a lucrative data science career.

There are many reasons to pursue a data science and statistics degree from Cal U , but perhaps the most compelling is the incredible job growth that is currently happening in the field.

According to a recent study by LinkedIn, the highest growth jobs related to data science and data analysis include:. Learn more about what you can do with a Cal U statistics and data science degree.

Read on to learn more about the growth and opportunities in data science, data analysis, and statistics careers. As a result, businesses will increasingly need statisticians to analyze the large amount of information and data collected.

Statistical analyses will help companies improve their business processes, design and develop new products, and advertise products to potential customers.

Many of the new jobs for statisticians are expected to be in research and development, consulting, and computer systems design and related services. Much of the employment growth for mathematicians is expected to be in research-based roles in academia, research and development, and consulting services.

These estimates are available for the nation as a whole, for individual states, and for metropolitan and nonmetropolitan areas. The link s below go to OEWS data maps for employment and wages by state and area.

All state projections data are available at www. Information on this site allows projected employment growth for an occupation to be compared among states or to be compared within one state. CareerOneStop includes hundreds of occupational profiles with data available by state and metro area.

There are links in the left-hand side menu to compare occupational employment by state and occupational wages by local area or metro area. There is also a salary info tool to search for wages by zip code.

This table shows a list of occupations with job duties that are similar to those of mathematicians and statisticians. Actuaries use mathematics, statistics, and financial theory to analyze the financial costs of risk and uncertainty. Financial analysts guide businesses and individuals in decisions about expending money to attain profit. Market research analysts study market conditions to examine potential sales of a product or service. Operations research analysts use advanced mathematical and analytical methods to help solve complex issues.

Postsecondary teachers instruct students in a variety of academic subjects beyond the high school level. Economists collect and analyze data, research trends, and evaluate economic issues for resources, goods, and services. Computer programmers write and test code that allows computer applications and software programs to function properly. For more information about mathematicians, including training, especially for doctoral-level employment, visit.

American Mathematical Society. American Statistical Association. This is Statistics. Society for Industrial and Applied Mathematics. Office of Personnel Management. Bureau of Labor Statistics, U. Last Modified Date: Wednesday, September 8, The What They Do tab describes the typical duties and responsibilities of workers in the occupation, including what tools and equipment they use and how closely they are supervised.

This tab also covers different types of occupational specialties. The Work Environment tab includes the number of jobs held in the occupation and describes the workplace, the level of physical activity expected, and typical hours worked.

It may also discuss the major industries that employed the occupation. This tab may also describe opportunities for part-time work, the amount and type of travel required, any safety equipment that is used, and the risk of injury that workers may face.

The How to Become One tab describes how to prepare for a job in the occupation. This tab can include information on education, training, work experience, licensing and certification, and important qualities that are required or helpful for entering or working in the occupation. The Pay tab describes typical earnings and how workers in the occupation are compensated—annual salaries, hourly wages, commissions, tips, or bonuses.

Within every occupation, earnings vary by experience, responsibility, performance, tenure, and geographic area. For most profiles, this tab has a table with wages in the major industries employing the occupation. The Job Outlook tab describes the factors that affect employment growth or decline in the occupation, and in some instances, describes the relationship between the number of job seekers and the number of job openings.

The Similar Occupations tab describes occupations that share similar duties, skills, interests, education, or training with the occupation covered in the profile. The More Information tab provides the Internet addresses of associations, government agencies, unions, and other organizations that can provide additional information on the occupation. The wage at which half of the workers in the occupation earned more than that amount and half earned less.

Additional training needed postemployment to attain competency in the skills needed in this occupation. Work experience that is commonly considered necessary by employers, or is a commonly accepted substitute for more formal types of training or education. The employment, or size, of this occupation in , which is the base year of the employment projections. The projected percent change in employment from to The average growth rate for all occupations is 8 percent.

Menu Search button Search:. Summary Please enable javascript to play this video. What Mathematicians and Statisticians Do About this section Mathematicians and statisticians work with formulas and data to help solve problems in industry, academia, and government.

Work Environment About this section Mathematicians and statisticians may work on teams with engineers and scientists.



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