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haha well i could do that if i just study statistics on my free time without taking out loans
If I spill a box of toothpicks, can you immediately tell me how many are on the floor? If so, go get cleaned up, buy yourself a designer suit, and descend the escalator into the casino like a champ. But don't try roulette, that's not your game.
I'm considering getting a masters in Statistics after graduation from undergrad. I want to do so because :
1). i want a quantative masters degree to stroke my ego
2). statistics is virually applicable to any field
3). statistics is the foundation of critical thinking and decision making
4). i like statistics
However, BLS says there are 30k statisticians in the US. BLS predicts an increase of 10k jobs in this field in the next decade. This is still a very small number of jobs! I want to know what other jobs a masters in stats would help me get if i can't/don't want to be a statistician, before i invest the time, effort, and money on getting a masters in stats. Please tell me if you have any idea. Thanks
You can be a math teacher. College professors make like 70k a year!.
If you are ambitious and energy filled and you like math, you could become a civil engineer. Get a master's in civil engineering or something. You don't need to go back and get a second bachelor's, as you may already know.
And then volunteer for Habitat for Humanity, to get construction experience over the summers, and then voila! When you graduate, you'll be able to find a job as a civil engineer somewhere, or maybe even an entry level construction manager!
The problem lies with whether you know how to APPLY the statistics you learned. Is the degree from the Mathematics dept. or Business school, or something else? You MUST know how to apply it - theory will get you nowhere. Big data is where it's at now.
Location: In a city within a state where politicians come to get their PHDs in Corruption
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Masters in Statistics by itself is not very helpful actually. You'll be competing with peers who have Ph.Ds and have much deeper understanding of the core subject. Or, overseas labor (China, India) which is much cheaper.
Not to be a downer, but the mere fact that you have to ask what kind of a job one can get with a master's degree in statistics shows that you are not prepared for the world in which you will be competing.
I urge you to think this through a little bit more before you decide to go down this path.
With a stats degree, you have a solid foundation of math in general. You can work in actuarial science, data science, and most research areas (including science). There's plenty of opportunities.
Opportunities to make great money increase when you complete you PhD.
Learn to program SAS and pick up some biomedical classes and they will knock your door down with job offers. I ended up being a crime analyst but already had a background in that area and have a background in GIS systems.
I'm considering getting a masters in Statistics after graduation from undergrad. I want to do so because :
1). i want a quantative masters degree to stroke my ego
2). statistics is virually applicable to any field
3). statistics is the foundation of critical thinking and decision making
4). i like statistics
However, BLS says there are 30k statisticians in the US. BLS predicts an increase of 10k jobs in this field in the next decade. This is still a very small number of jobs! I want to know what other jobs a masters in stats would help me get if i can't/don't want to be a statistician, before i invest the time, effort, and money on getting a masters in stats. Please tell me if you have any idea. Thanks
Financial firms look for arbitrage opportunities and use statisticians to realize and act on them. All that high frequency trading you hear about? Someone with a brain is behind those. I'd try there.
Ok, now getting down to work. Operations Research & related work. Such as product test & evaluation (I mean the technical side of things, not the mall walker surveys). Statistical Process Control (branch of QC). The key is being able to apply statistics to product testing, planning, requirements. We're looking for an Ops Research/Statistician right now to lead application of stats to our engineers.
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