Can you become a millionaire by learning statistics to crack the lottery code?
Surprisingly, no...
But if you're passionate about numbers, you can make a good living as a statistician!
How Do Statisticians Contribute?
Statisticians solve real-world problems
Some examples:
Predicting weather and natural hazards
Managing the impact of climate change
Reducing hunger by assessing food trends
You can change the world with statistics!
You can use statistics to become a professional baseball manager or a member of the data science team of a U.S. presidential campaign.
What Does A Typical Day At Work Look Like?
The duties of a statistician incorporate
Collecting, analyzing, and interpreting data to identify trends and highlight important statistical relationships
Designing ways to optimize data collection
Explaining your findings to stakeholders (project managers, service providers, government officials, etc)
Helping businesses make decisions and develop strategies based on data
What Are The Job Qualifications?
The minimum academic requirement is a bachelor’s degree in Statistics or Applied Mathematics.
A graduate degree (master’s or doctoral) is typically required for higher level positions. A doctoral degree (PhD) is usually required to work in a research-intensive position.
Typical Employers of Statisticians:
Banks and trust companies
Insurance companies
Governments
Universities
Pension benefit consulting firms
Science & engineering firms
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Does It Pay The Bills?
Average yearly salary for a statistician in Canada is $85,578.
Average yearly salary for a statistician in America is $97,951.
Should I Choose This Career?
You'll love the job if you...
Enjoy analyzing the patterns and anomalies in data
Have an interest in using technology to figure out data
Can communicate data effectively
Have a degree in statistics, mathematics, or related work experience
You'll hate the job if you...
Have difficulty analyzing the meaning of data
Have an interest in more abstract concepts rather than numbers
Have difficulty sitting at a desk all day
Are not willing to work with a consistent 9-5 routine
Quiz
Jim likes to analyze patterns within data but is shy about presenting. Should he become a statistician?
Role Models Of The Field
These two statisticians were pioneers in their fields:
Florence Nightingale
Developed ways to represent statistics in visually accessible ways
Used data to help India improve its medical system
David Blackwell
Made important contributions to game theory, probability theory, information theory, and Bayesian statistics
Wrote an influential textbook, Basic Statistics
Did you know?
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