One of the easiest topics in mathematics when we were all in school, was statistics. The graphs and data analysis was an easy job comparing to integrations and different problems in maths. Well, it is not that easy when it comes to a career as a statistician because you have to apply those statistical model methods to real-world problems.
One who prepares and analyses statistics is called statisticians. You have to work with theory and applied statistics by combining your knowledge from different areas in the field. You can help many decision making processes by gathering, analyzing, and interpreting data.
- Thorough knowledge of mathematics and statistics in particular
- Strong problem solving as well as analytical skills
- Wide range of experience in computer
- Communications skills to explain findings to non-statisticians
- A realistic mind and attitude
- Ability to manage time
- Organizational skills
ELIGIBILITY AND COURSES
After your bachelor’s in statistics, mathematics, economics, or material science, you can do a master’s in the same. Most entry-level jobs as a statistician require only a degree but to achieve high achievements in the career you can take a Ph.D. or a master’s degree.
The top courses and programs with a two-year duration that you can pursue after your bachelor’s degree are:-
- M.A. Statistics
- M.Sc Statistics
- Ph.D. in Statistics
- Master of Philosophy in Statistics
An average starting salary of a statistician in India is 5.1 LPA.
In the U.S., it is expected that a statistician can earn $70,000 per annum.
There will be a phenomenal growth of 33% over the next decade for statisticians. It is listed as one of the top 5 jobs in America.
OPPORTUNITIES AND JOB OUTLOOK
A person with a statistics degree and relevant skills can work in any of thee following fields:-
- Business Analyst
- Market Researcher
- Data Scientist
- Data Analyst
- Financial Analyst
- Risk Analyst
- Database Administrator
- A statistician can work in:-
- Education Field
- Government Sectors
- Psychology field
Top institutes that provide the best courses and program in and out of India are listed below without any particular order:-
- The University of Oxford
- Stanford University
- Georgia Institute of Technology
- Massachusetts Institute of Technology
- University of Cambridge
- The University of California
- Harvard University
- Indian Statistical Institute
- University of Delhi
- St. Xavier’s College, Kolkata
TOP COUNTRIES AND COMPANIES
There are great opportunities for skilled statisticians worldwide, and some of the countries where a statistician can explore career-wise are the USA, UK, Germany, Canada, Ireland, Sweden, Australia, etc.
Some of the top companies inside and outside India that hire statisticians are listed below:-
- American Express