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With digital transformation and the growing importance of decisions and functions based on data, statistics holds a critical position in the process of analyzing, controlling, and presenting data. Statistics is the only key to control, manage, and learn from data and also determine problems that often lead to incorrect solutions.
Statistics is present in all the fields starting from research, marketing and sales, financial markets, engineering to healthcare, sports, natural disaster, and many more. Statistics are the sets of mathematical equations that are used to analyze and manage data. In today's world statistics has become a priority because with digitization every single thing has become data and information oriented. To collect data, to extract information from data, to analyze the proper flow of data, to control data, to present data, and also to maintain database statistics are everywhere.
Having the world giving so much importance to statistics, the career and job opportunities in statistics are also rising. This article will take you through the careers and job opportunities in statistics.
Statistics include the field of marketing, economics, biology, public health, sports, medicines, and many others. Statistics is a branch of mathematical study. Statistics can be used in scientific research fields such as economics, medicine, demography, psychology, advertising, etc.
Professionals who make use of statistics to collect, design, and explicate data in different fields of industry are called statisticians.
Statistical studies include core concepts of logic, statistical reasoning, mathematics, data analysis, data evaluation, and interpretation, and also research methods. There are two major branches of statistics.
• Descriptive Statistics: Descriptive statistics is a subject that uses the data to provide descriptive interpretation. Graphs and numerical calculations are a few techniques used in descriptive statistics.
• Inferential Statistics: Inferential statistics uses random samples for evaluating and interpreting the data.
The basic required degree to become a Statistician is the completion of 12th with Mathematics or Statistics.
Other than these, there are many certifications, diplomas, and master courses that are considered to be the best courses to become a Statistician.
Bachelor Courses:
• Bachelor of Arts (BA) in Statistics
• Bachelor in Statistics
• Bachelor of Science (Hons) in Statistics
Master Courses:
• Master of Arts in Statistics
• Master in Statistics
• Master of Science (Hons) in Statistics
Doctoral Courses:
• Master of Philosophy in Statistics
• D. in Statistics
All the above courses include the basic concepts of logic, statistical reasoning, mathematics, evaluation data, analysis data & research methods at bachelor's and masters' levels of education.
Students who have a 12th degree in Mathematics or Statistics are eligible to apply for bachelor courses and then for master courses. For doctoral courses, students must hold a master's degree like M.Stat or M.Sc. in statistics.
Every field requires skills that are related to the profession and course of study. For statisticians following are the skills that a candidate must have:
• Strong base in Mathematical Statistics
• Logical thinking & ability to understand key facts
• Strong Background in Statistical computing
• Ability to stay updated on the latest literature & statistical software
• Versatility in solving problems
Firstly, a student should meet the eligibility criteria for the course. Indian Statistical Institute (ISI), one of the leading institutions of India, offers admissions based on an admission test named the ISI exam.
Other entrance exams conducted by different universities for admission in Statistics are listed below:
• Aligarh Muslim University: Department of Statistics and Operations Research Entrance Exam (AMU 2021)
• Indian Statistical Institute Entrance Exam (ISI 2021)
• Delhi University 2021
• University of Pune Entrance Exam
• Kalinga Institute of Industrial Technology Entrance Examination (KIITEE 2021)
• Indian Statistical Institute, New Delhi
• Indian Statistical Institute, Bangalore
• Indian Statistical Institute, Kolkata
• Xavier's College, Ahmedabad
• University of Delhi, New Delhi
• Devi Ahilya Vishwavidyalaya: School of Statistics, Indore
• Aligarh Muslim University: Department of Statistics and Operations Research, Aligarh
• Stanford University, United States.
• The University of Oxford.
• Harvard University, United States.
• The University of California, Berkeley (UCB)
• Georgia Institute of Technology, United States
• Imperial College London, London
• University of Cambridge, United Kingdom
• Massachusetts Institute of Technology (MIT), United States
• ETH Zurich – Swiss Federal Institute of Technology, Switzerland
• University of Oxford, United Kingdom
• Carnegie Mellon University, United States
• National University of Singapore (NUS), Singapore
• University of Michigan, United States
• Cornell University, United States.
• The University of Tokyo, Japan
• University of Washington, United States
Along with taking a degree in statistics, students and also experienced professionals can take courses on statistics to gain more knowledge and skills in any specific subject of statistics.
• Introduction to Probability and Data – Duke University
• Basic Statistics – University of Amsterdam
• Statistical Inference – Johns Hopkins University
• Inferential Statistics – University of Amsterdam
• Bayesian Statistics: From Concept to Data Analysis – University of California, Santa Cruz
• Statistics with R – Duke University
• Decision Tree: Theory, Application, and Modelling using R (Udemy)
• Methods and Statistics in Social Sciences – University of Amsterdam
• Understanding Clinical Research: Behind the Statistics – University of Cape Town
• Statistics for Genomic Data Science – Johns Hopkins University
There is a high demand for professional statisticians all around the world. Industries like agriculture, business, industry, computer science, health sciences, government, private, scientific, and other fields use statistical hypotheses and methods at every point of decision making.
Candidates with a statistical degree also have the chance to join the Civil Services, Indian Statistical Services & Indian Economic Services.
In India, the average salary of a statistician can be expected between Rs. 2.5 to 3.5 lacs per annum. After gaining experience in this field one can earn more than Rs. 4.5 lacs per year.
In the United States, one can easily earn an average salary of US$70 K annually. Candidates with good experience and a master's degree in this field can earn an awarding salary package.
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