Salary of Statistician Overview

What is A statistician?

Statisticians practice the science of using data to make decisions. They decide what data they need and how to collect it, design experiments, analyze and interpret data, and report conclusions. And unlike many careers, statistics can be applied to a large number of fields or issues, such as the environment, public safety, health care, and sports. As the famous mathematician and statistician John Tukey once told a colleague, “The best thing about being a statistician is that you get to play in everyone’s backyard.”

“I absolutely fell in love with statistics,” says Devan Mehrotra, Executive Director of Biostatistics at Merck Research Laboratories. “Any real-world problem almost always requires analyzing and interpreting data and creating value-added solutions. Using statistics.”

In addition, Mehrotra has witnessed the close collaboration of statisticians with colleagues from biomedical sciences, computer science, environment, genetics and social sciences, as well as participation in quantitative solutions related to human rights and the fight against terrorism. Mehrotra says, “Statistics is one of the oldest professions in the world; it dates back to the 1700s. There’s a tremendous history…and now there are more exciting opportunities. It’s never been a better time to be a statistician.”

While some may confuse statisticians with the growing profession of data scientist, the fields have key differences. Statistics is only one component of data science. Data scientists must have a basic working knowledge of statistics. However, data scientists tend to focus more on software programming and machine learning than statisticians. Data scientists may serve as lead software engineering coordinators in companies with smaller data science teams. Data scientists must have data capture skills that are not necessarily expected of statisticians.
The Bureau of Labor Statistics has projected employment growth of 35.4 percent for statisticians between 2020 and 2030. During this period, about 14,900 jobs should be created.

How much does a statistician earn?

The average salary for statisticians in 2020 was $92,270. The top 25 percent earned $121,800 that year, while the bottom 25 percent earned $68,810.

How to become A statistician?

To qualify for statistics-related jobs, statisticians must have at least a bachelor’s degree in statistics, although a master’s degree in statistics, mathematics, or survey methods can open more doors. However, to teach or conduct research, professionals may need to obtain their Ph.D.

“People need statisticians, people with the right level of training, who ask the right questions, who know how much data to collect, and who know how to apply statistical principles,” says Mehrotra. These days, even people with a bachelor’s degree in statistics have tremendous potential.

Job Satisfaction

The average American works well into their 60s, so workers may have an enjoyable and fulfilling career. A job with a low stress level, good work-life balance, and strong prospects for improvement, promotion, and higher pay make many employees happy. Here’s how Statisticians Job satisfaction is rated in terms of upward mobility, stress level and flexibility.