Can you become a millionaire by learning statistics to crack the lottery code?

A person spinning lottery balls

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 for businesses and governments by looking at statistical trends.

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.

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What Does A Typical Day At Work Look Like?

The duties of a statistician incorporate :

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  • Collecting, analyzing, and interpreting data to identify trends and highlight important statistical relationships

  • Designing ways to optimize data collection

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  • 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.

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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?

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Average yearly salary for a statistician in Canada is $85,578.

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Average yearly salary for a statistician in America is $97,951.

Should I Choose This Career?

A person presenting data on a screen

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?

Yes

No

Role Models Of The Field

These two statisticians were pioneers in their fields:

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Florence Nightingale

  • Developed ways to represent statistics in visually accessible ways

  • Used data to help India improve its medical system

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David Blackwell

  • Made important contributions to game theory, probability theory, information theory, and Bayesian statistics

  • Wrote an influential textbook, Basic Statistics

Take Action

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This Byte has been authored by

RA

Raheema Afridi

Passionate for science, teaching and coffee.