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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.
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!
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.
Salaries range from $65,000-$85,000. A Statistician earns an average wage of somewhere between 56000 and 84000 depending on education and experience. Statisticians will most likely receive a compensation of Seventy Seven Thousand Eight Hundred dollars each year.
Salary range Entry-level Statisticians who start out at $60770 can expect to make $80500 after 3-5 years of experience in the field. The bottom 10% makes less than $22.350 per hour while the top 10% makes over $62.540 per hour. While the median wage is $80500 per annum or $38.700 per hour.
Statisticians apply their mathematical and statistical knowledge to the design of surveys and experiments. The collection, processing, and analysis of data. And the interpretation of experiments and survey results. Finally, statisticians analyze, interpret, and summarize the data with the use of computer software.
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.
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