The listings below may include sponsored content but are popular choices among our users. U.S. News & World Report recently ranked the career #1 on its list of the Best Business Jobs, #2 among the Best STEM (science, technology, engineering and mathematics) Jobs and #6 on the list of 100 Best Jobs in America. See Full Salary Details » Degreequery.com is an advertising-supported site. Bachelor's Degree, Statistics Degree. The unemployment rate for Americans with less than a high school diploma is 8%, the highest of any of the educational categories. If you have an interest in the field of healthcare, you might want to work as a biostatistician in a hospital, public health agency or pharmaceutical company. $66k. What are the Fastest Schools for a Master’s Degree in Environmental Engineering? Which Degree Do You Need To Become A Doctor? Earn Transferable Credit & Get your Degree. They must be able to interpret their statistical analysis and present it in reports that are understandable for their clients. Individuals searching for Master's Degree in Statistics: Salary & Jobs found the following resources, articles, links, and information helpful. A degree in statistics is an excellent starting point for other math careers, such as actuary and operations research analyst. Retrieved from https://study.com/articles/masters_degree_in_statistics_salary_jobs.html. What is a Bachelor’s Degree in Public Health? For statisticians across the United States, the median salary is $84,060 per year, the Bureau of Labor Statistics (BLS) reported. a Study.com College Advisor at the end of the process. Master's Degree in Statistics: Salary & Jobs. Developing computer software, managing databases, and studying the use of resources as an economist are all well-paying career options you could pursue with a background in statistics. It's... An admission advisor from each school can provide more info about: Get Started with Mississippi State University, Get Started with Washington State University. Find Schools. How much Science is in an Environmental Engineering Degree? Web. No matter what your job title is or in what industry you work, having these highly-prized analytical skills will help you get a high salary. The best-paid 25 percent made $113,670 that year, while the lowest-paid 25 percent made $67,440. Is There Any Math Required for a Degree in Nursing? Though these jobs require the most education, they pay the least, with a median wage of just $70,780. They present their findings using tables and graphs in reports that are given to clients and management. What Is the Difference Between a Mathematics Degree and a Statistics Degree? Deciding what you want to do with your degree early on will help you make the most of your education. What is a Degree in Environmental Nutrition? Featured or trusted partner programs and all school search, finder, or match results are for schools that compensate us. Actuaries earn a median salary of $101,560 for their work calculating the cost of risk with the aid of statistical and mathematical software, the BLS reported. © copyright 2003-2020 Study.com. Among the industries that regularly employ statisticians, median wages range from $70,000 to more than $100,000 per year. They typically report their findings to management and officials in the organization. There are only a handful of statistics-based graduate programs that concentrate on analytics or business analytics. You might be surprised at the many different possible roles that are in this relatively small occupation of 37,200 American workers. Statisticians gather quantitative data through surveys, scientific experiments and other means and use their advanced mathematical knowledge, along with statistical analysis computer software, to better understand that data. There are many benefits of a career as a statistician. Many graduates of statistics degree programs go into careers in business, marketing and sales or in technology, data and analytics. $70k. Even beyond the math occupations, there are so many other options for a career with a statistics degree. Suite 203-A St. George, UT, US 84790. Statistics is a useful type of mathematics that provides information about various sets of data and can be applied to numerous fields and industries. Study.com, 30 May 2020 published. Mathematicians are somewhat similar to statisticians, and they generally need at least a master's degree. It's free! Scientific research and development roles offer the next highest wages, with a median annual salary of $91,610, the BLS reported. Jobs at colleges and universities account for just eight percent of statistician roles. What Kind of Job Can You Get With a Degree in Statistics? A master's degree in statistics gives students the necessary tools to be qualified for careers in several different areas. Salary: $68,562 Is a college education in statistics your formula for attaining a high-paying career? Those with a master's degree in statistics may find several career options in business. While you don’t need an advanced degree for many non-statistician jobs, you may need coursework in specific subject areas, such as business or computer science. What Are the Highest Paying Jobs With a Degree in Math? $46k. Average. Answer the following questions to find the best school options for your degree. Operations analysts do this by examining data from different sources, including workers close to the issue, and using statistics, models and simulations to try and find possible solutions. 25 Best Online Bachelor’s Degrees for 2021, 100 Most Affordable Online Colleges & Degrees 2021, 100 Most Affordable Online Graduate Schools of 2021, Top 25 Cheapest Online RN to BSN Degree Programs, 25 Cheapest Online Associate’s Degree Programs, 25 Cheapest Online Bachelor’s Degree Programs, 25 Cheapest Online Master’s Degree Programs, Top 50 Affordable Online MBA Degree Programs for 2021, 50 Most Affordable Online Degree Certificates in Cyber Security, Job opportunities with a statistics degree. Want expert, personalized advice that can save you a lot of time and money? Degrees in the same industry as Bachelor of Science (BS / BSc), Statistics, ranked by salary Master of Arts in Teaching (MAT), Mathematics & Statistics Avg. What degree should I get for medical school? "Master's Degree in Statistics: Salary & Jobs." This compensation does not influence our school rankings, resource guides, or other editorially-independent information published on this site. (Master's Degree in Statistics: Salary & Jobs. Study.com College Advisor that can help you compare costs and options. Where do statisticians work? Statisticians gather quantitative data through surveys, scientific experiments and other means and use their advanced mathematical knowledge, along with statistical analysis computer software, to better understand that data. Job opportunities with a statistics degree range from research statistician to sports statistician. Although actuaries only need a bachelor's degree and usually advance through certification exams, a master's degree in statistics could prove beneficial in their line of work. Statisticians who work in the field of healthcare and social assistance earn a median wage of $79,150, while those employed by insurance carriers make a median salary of $77,860, the BLS reported. Enter zip: There are many careers in different fields that involve statistics, and several even require a master's degree in the subject. All other trademarks and copyrights are the property of their respective owners. Businesses then use their work to set policies and strategies that minimize costs and risk. What Degree Should I Get To Join The FBI? They look at relationships between different factors, identify trends and interpret their findings to learn from the numbers. They may design surveys or experiments to collect the data and then examine the data to try and pull information that answers a particular question or solves an actual problem for a client. 169 W. 2710 S. Circle What Degree Do I Need to Work as a NASA Scientist? Majoring in this branch of mathematical science that focuses on collecting and analyzing numerical data can prepare you for a job with a great salary. Statisticians made a median salary of $87,780 in 2018. ), Study.com / Master's Degree in Statistics: Salary & Jobs. These analysts specialize in monitoring and predicting market trends to help businesses determine potential markets and price points for their products or services. Special Report: The Credibility of Online Degrees, Free International Universities for U.S. Students. Whether your passion is intellectual academic research that aims to solve the biggest mysteries known to man or tracking the performance data of your favorite athletes, there’s something to interest you. All rights reserved. They may collect data on consumers and competitors through surveys or polls and then analyze this information with statistical software. $111k. These professionals may research and study different mathematical principles and theories, or apply their knowledge in the field to solve problems for various industries. Operations research analysts, who earn a median salary of $81,390, apply mathematical and statistical methods to solving businesses’ and organizations’ problems and helping them to make sound, data-driven decisions. Job. If you don’t want to be a statistician, there are plenty of other opportunities to use your analytical and mathematical skills and still earn a lucrative salary. Below, we look at a handful of the possible careers for those with a master's degree in statistics. What is a Bachelor’s Degree in Bioinformatics? If you thought statisticians only worked in academia, you might be surprised. According to data from the Bureau of Labor Statistics (BLS), median weekly earnings for those with less than a high school degree are $493. Curriculum, relevancy of sample programs, and outcomes will vary by school. 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