Statistics play many important roles in society. As the human population has grown, it has become increasingly important to track, manage, and analyze data for the purpose of gaining insights and strategizing to create a healthier, happier, and safer world for us all. Applied statisticians do their work in the background, but they play a critical part in pushing forward a variety of initiatives that benefit society.
Although many students dread statistics classes, the truth is that applied statistics can be an extremely interesting, challenging, and fulfilling field for people with curiosity, critical thinking skills, and a knack for numbers. But what exactly can you do with a degree in applied statistics? Is a career in the field worth the effort of earning a degree?
In this Article
Is a Degree in Applied Statistics Worth It?
Data has become one of the world’s most important assets, and the demand for people who can manage and analyze it has grown sharply, in both the public and private sectors. There are a few different paths you can take if you’re interested in data analysis, including becoming a statistician or a data scientist.
Statistics is the foundation for data science and demand for statisticians remains strong. In fact, the U.S. Bureau of Labor Statistics estimates that the job outlook for mathematicians and statisticians will grow 33% from 2020 to 2030, which is much faster than average.
Applied statistics is a practical field that uses data to understand trends, identify problems, and suggest solutions. Statisticians interpret the data they collect to draw conclusions and gain insights. There are countless applications for applied statistics, from public health improvement to environmental impact to creating projections for the financial industry.
If you have excellent critical thinking skills, curiosity, and enjoy mathematics, then becoming an applied statistician might be a great choice. With many interesting job opportunities available and good salaries, getting a degree in applied statistics can be well worth the investment of time and money.
The Benefits of an Applied Statistics Degree
Studying statistics now will help set you up for success in the future. Because statistics are used in nearly every industry and the demand is growing, statisticians will generally be able to find work that they find interesting and fulfilling. An applied statistics degree will allow you to follow your passions, whether that’s solving social problems or helping businesses to succeed.
Although an applied statistics degree is versatile, it is important to note that a master’s degree is generally required for many positions within the field. Certification and basic programming skills are also helpful in seeking employment. If you think this is the career for you, a bachelor’s degree might allow you to get an entry-level position but likely won’t be enough for you to climb the ladder very far.
How to Earn a Master’s in Applied Statistics
Today, there are more options than ever for people who want to earn an advanced degree. If you have a busy schedule, then you may want to consider a master’s in applied statistics online. Online degrees provide the skill-building curriculum you’ll need to succeed as an applied statistician while offering convenience and flexibility for students. If you are a parent or your work schedule is incompatible with in-person classes, then a full- or part-time online applied statistics degree could allow you to reach your educational and career goals.
Choosing to earn a master’s in applied statistics is a commitment. Once you’ve been accepted to a program, you’ll need to put time, effort, and financial investment into your goal of earning a degree. With the strong demand for statisticians, however, getting an advanced degree in this field could be a smart move that will set you up for a successful career.