Career Options for Probability & Statistics
Those who enjoy working with probability and statistics are in luck. Careers involving statistical analysis, data manipulation, and complex interpretation of number reports are all possible. If you love the idea of presenting the findings of research, check out the jobs below and see if you might be interested in pursuing a career in probability!
|Job Title||Median Salary (2016)*||Job Growth (2014-2024)*|
|Market Research Analyst||$62,560||19%|
|Operations Research Analyst||$79,200||30%|
*Source: U.S. Bureau of Labor Statistics
Find schools that offer these popular programs
- Applied Math
- Computational Math
- Math for Computer Science
- Mathematical Probability and Statistics
- Statistics, General
Career Information for Probability & Statistics
Using existing and newly-developed principles, mathematicians can develop statistical models to analyze data. They can then use this analysis to support business decisions, and possibly develop strategies to improve the performance of a company or organization. Mathematicians are able to draw their own conclusions and provide interpretations of statistics from their extensive research and knowledge of their field. Careers as a mathematician usually require a master's degree, but it might be possible to start a career with a bachelor's.
Market Research Analyst
Market research analysts make use of specialized software to measure statistics and gather data on market conditions, as well as consumers and competitors. They are able to take complex chunks of data, and transform them into easily readable reports, graphs, and tables that can be interpreted by people outside of the research world. Statistics can come from a number of different areas, including surveys, literature reviews, and interviews. Most analysts will need a bachelor's degree to start their career, and many positions require a master's.
By analyzing meteorological data, atmospheric scientists (or meteorologists) can measure and provide predictions for weather events and anomalies. Computer programs can be written to support weather models, and meteorologists can also use this data to provide warnings about severe weather. Measured data is crucial in understanding weather-related information relevant to air pollution, droughts, and long term changes in regional climates. Working as a meteorologist requires a bachelor's degree; those who wish to pursue research as an atmospheric scientist will need a minimum of a master's.
Designing surveys, questions, and experiments, statisticians collect data through various means for observation and analysis. They will present findings after careful analysis, as their job is to prevent any inaccuracies in the interpretation of data. Statisticians also discover new methods for collecting data. Thanks to a vast need for statisticians in just about every public and private sector, a massive growth rate in available careers is expected.
Operations Research Analyst
Operations research analysts organize information from just about every facet of a business: computer databases, customer feedback, and sales histories. Analysts will then use statistical analysis to process this information and relay solutions to key decision makers in the company. In the form of memos, reports, and other documentation, operations research analysts are important tools of a management team in keeping a business functional and profitable. A bachelor's degree is possible for entry level positions, but most of these positions require a master's.
Financial analysts are in charge of the evaluation of historical and current financial data. They study the trends of economics and business trends , and can meet with company officials in order to understand the potential of a company's financial future. Typically, analysts will focus on a specific industry, world region, or type of industry product. Advanced positions require a master's degree, but careers are also available with a bachelor's.