Statisticians with advanced degrees have many career opportunities in business, healthcare, and government organizations. They can design studies, analyze trends, and make predictions based on data in various fields, including manufacturing, finance, insurance, clinical trials, psychology, public opinion, and ecology. Specialization in a particular area of statistics is common.
There are many types of career opportunity statistics for people with degrees in this discipline. Although statisticians are employed in some places after graduation, statisticians with advanced degrees are more in demand and often better prepared for one or more of the many positions available. Statisticians can be employed in a variety of different industries, but the most common career opportunities in statistics are in business and industry, healthcare, and government organizations. In many cases, statisticians specialize in a particular area of statistics in order to better prepare for these different types of careers.
In business and industry, career opportunities in statistics can be found in many fields, including manufacturing, finance, insurance, and computer science. These statisticians can design studies or experiments to determine what kind of reception a new product can expect in a given market. They can also look at trends to determine potential areas of growth within a company. In insurance, statisticians work with complicated equations that help develop insurance rates based on past behavior patterns. In business, statisticians can develop algorithms that help predict which investments are likely to be profitable.
The field of health and medicine also offers many statistical career opportunities. Clinical trials use statistics to determine the effectiveness of new drugs, and statisticians may be involved in designing a study and interpreting the results. They may also work in the field of psychology, examining and quantifying aspects of human behavior. These types of careers usually require knowledge of statistics and medicine or psychology; many of these statisticians specialized in either medical or biological statistics, taking classes related to both fields.
Government organizations employ statisticians in many different ways. They might be experts who offer advice or interpretations of data, or researchers who determine trends in public opinion. Statisticians are often employed in jobs where they are asked to make predictions based on a variety of different variables, including how certain populations have behaved in the past. Social and economic behaviors can also be analyzed statistically to determine if there is a cause and effect relationship between two different events. Some career opportunities in statistics are also found in ecology, and many statisticians work on projects that assess the current or future state of the environment in a given area.
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