Statisticians: Salary, Job Description, How To Become One, and Quiz

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Job description

Statisticians develop or apply mathematical or statistical theory and methods to collect, organize, interpret, and summarize numerical data to provide usable information. May specialize in fields such as bio-statistics, agricultural statistics, business statistics, or economic statistics. Includes mathematical and survey statisticians.

  • Analyze and interpret statistical data to identify significant differences in relationships among sources of information.
  • Identify relationships and trends in data, as well as any factors that could affect the results of research.
  • Determine whether statistical methods are appropriate, based on user needs or research questions of interest.
  • Prepare data for processing by organizing information, checking for inaccuracies, and adjusting and weighting the raw data.
Read more about what does a Statistician really do at work and what is it like being and working as one.



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Salary

Average salary
$92600 per year

Average hourly wage
$45 per hour


Statisticians with little to no experience tend to make between $53000 and $67440 while the more experienced ones can earn over $113670 per year.

Top 5 paying statesHourlyAnnual
NJ$56$116,090
ID$55$113,780
MA$52$108,670
MD$52$107,400
DC$50$104,310

One of the easiest ways to increase your salary as a Statistician is to move to a higher paying state like NJ. Right now, the highest paying states for Statisticians are NJ, ID, MA, MD and DC.

However, a higher pay at NJ doesn’t guarantee that you will make more because the living expenses at NJ might be twice as high than where you are currently at now.

Three other factors that can increase your salary as a Statistician is the degree you hold, the industry you work in, and lastly the company you work for.


Requirements

Recommended degree level
Master’s Degree

We asked other Statisticians what degree they had when they got the job and most of them said they had a Master’s Degree followed by a PhD.

Other than that, we also asked them what did they major in and here are the most popular majors that came up.

Biostatistics
Mathematics, General
Applied Mathematics, General
Computational and Applied Mathematics
Statistics, General
Read more about how to become a Statistician and the degree, training and education you need.

Pros and Cons

Here are some of the pros and cons of being a Statistician.

PROS
Suitable for people who likes to follow routines
Suitable for people who wants independence and likes to work on their own and make decisions
This career is perfect for people who love to work indoors.
Very high salary (top 25% highest paid careers)
Normal working hours (40 hours per week)
CONS
Not suitable for people who likes to help and teach others
It is very hard to get into this career. Extensive skill, knowledge, and experience is required for this career.

What is the job like

Job satisfaction
72%

Is this job meaningful
69%


72% of Statisticians said they were satisfied with their job and 69% said they feel like their job is making other people’s lives better.


Is this right for me

Best personality for this career
The Organizers and The Thinkers

You can read more about these career personality types here.

People who are suitable for this job tends to like following set procedures and routines. They like working with data and details more than with ideas..

They also like working with ideas, and require an extensive amount of thinking. They like searching for facts and figuring out problems mentally.



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Related career information

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