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Overall, if it is a major you can do well and enjoy yourself in, yes, statistics is a great major. Combine it with other majors like finance or economics or research-oriented disciplines like psychology, it'll be really good training for you.
The Bureau of Labor Statistics reports that the demand for statisticians and mathematicians is expected to grow by a phenomenal 33% from 2016 to 2026. However, the high demand for statisticians is thought to outpace this growth!
How Much Does a Statistician Make? Statisticians made a median salary of $87,780 in 2018. The best-paid 25 percent made $113,670 that year, while the lowest-paid 25 percent made $67,440.
Job prospects for statisticians are projected to be very good. An increasing number of jobs over the next decade will require high levels of statistical knowledge. Job opportunities are expected to be favorable for those with very strong quantitative and data analysis skills.
The rising reliance on data and the need for high-level analysis in many industries means that statistics majors are increasingly in demand in every sector. Consider these 10 possible career paths with a statistics degree: Market Researcher. Financial Analyst.
Statistics is the science and, arguably, also the art of learning from data. Statistics lies at the heart of the type of quantitative reasoning necessary for making important advances in the sciences, such as medicine and genetics, and for making important decisions in business and public policy.
The ability to collect and interpret data is an incredibly valuable skill, especially these days when data is becoming increasingly prominent in technology. With a statistics major, you could open doors in: Actuarial science. Biostatistics.
To summarize, the five reasons to study statistics are to be able to effectively conduct research, to be able to read and evaluate journal articles, to further develop critical thinking and analytic skills, to act a informed consumer, and to know when you need to hire outside statistical help.
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