Employment for graduates holding a degree in Statistics are in demand and is projected to grow at a fast pace. A Master’s degree in Statistics is usually the minimum requirement for most Statistician jobs. If you plan to go into research or academics, a Ph.D. is required. Individuals with a degree in Statistics should have a variety of career opportunities to choose from, for example: investment analyst, financial aid director, IRS investigator, computer software engineering, biological science, banking, finance and education.About StatisticsStatistics is the science of effectively using numerical data relating to experiments or groups of individuals. It deals with the analysis, interpretation, and the planning and collection of data.What makes a good Statistics Candidate?If you like to collect and decipher numerical data, you should look into an online education in Statistics. Statisticians should be able to apply their knowledge of statistical methods to a variety of subject areas such as psychology, engineering and economics. Another technique that is equally important for a Statistic candidate to have is the ability to obtain information about a group of things or population of people by surveying a small portion of the total. For example, in order to determine the size of online shoppers for a particular product a few thousand people are surveyed rather than the entire population of online shoppers for that product. A Statistician needs to know where and how to collect information and how to determine the type, size, and other important facts about the surveyed group. This knowledge assists in the development of survey questionnaire or reporting form. Once the data is collected, a Statistician needs to analyze, interpret and summarize the information using up to date computer software.Online Education in Business StatisticsFor those of you looking to continue your education and advance your career but do not have the time to attend the traditional campus learning environment, you can attend online classes from home, or anywhere you choose. Most online programs are flexible and convenient and offer the same quality education and services as on campus programs. Online degree programs provide the same instruction, course materials and exam, with the flexibility to fit your busy schedule. There are several online accredited universities, offering Bachelors, Masters and Doctoral degrees in Statistics and other related fields. Don’t give up on your educational goals! An online degree in Statistics will help you achieve your goals for a better future.Employment and Salary for Degrees in StatisticsAccording to the Bureau of Labor Statistics, the demand for individuals with a background in Statistics is projected to grow 9% from 2006 to 2016, about as fast as the average for all occupations. The Bureau of Labor Statistics also reported that Statisticians held about 22,000 jobs in 2006. About 20% of these jobs were in the Federal Government, where Statisticians were contracted in the Department of Commerce, Agriculture, and Health and Human Services. Another 10% were found in State and local governments, including State colleges and universities. Most of the remaining jobs were in private industry, especially in scientific research and development services, insurance carriers, and pharmaceutical and medicine manufacturing.Median annual wage and salary earnings of Statisticians were $65,720 in May 2006. The middle 50% earned between $48,480 and $87,850. The lowest 10% earned less than $37,010, while the highest 10% earned more than $180,630, as reported by the Bureau of Labor Statistics.Earn your degree in Business Statistics from an accredited online university today!
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