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There are various sections of the construction world where you can choose to specialize into, like residential Statistics, commercial Statistics or industrial Statistics etc. Career options that open their gates for you after you get an online Statistics degree or pursue a full time Statistics degree course include-
Actuaries rely on statistical research and analysis to calculate risks and insurance premiums for their clients. They thoroughly understand and apply principles of probability, calculus and statistics. They also have solid computer skills, communication skills in their day to day work.
Actuaries work across health insurance policies, retirement benefits policies and pension schemes. They develop, analyze and maintain projection models for companies. Using computer software, actuaries generate tables, reports and graphs to report and present their findings on likelihoods of specific outcomes assigned to them. Casualty, property and health are other fields besides insurance where actuaries work.
Statisticians analyze all kinds of data using mathematical techniques and formulas. They calculate information such as trends, averages and reliability for reports. Statisticians may for example study census data to inform governments on service provision and projection of resources based on current lifestyle trends.
Statisticians are also not only proficient in numbers but also in communication and computer skills. They will use their vast computer skills to package the results of their analyses. They will also package clear oral, written and also visual reports of their findings for the comprehensible consumption of the same. They examine data as they apply business solutions to enable organizational solutions to challenges ultimately enhancing business decisions.
Economists diagnose issues touching on the distribution and production of resources, goods and services in an industry. They focus on researching market trends, data collection and applying statistical models to inform decisions. They work for government agencies and business agencies offering solutions for economic challenges.
Economists require strong decision making and critical thinking skills to work in fast-paced corporations and environments. They will work on financial, political and socioeconomic data. They will conduct surveys and apply varied sampling techniques. They will make use of past gathered data. The economist will research in fields not limited to education, politics, energy, healthcare etc. They will give their organizations a competitive edge as they advise on economic practice.
Accountants will apply logic and math to help individuals, companies, nonprofit organizations, community organizations etc. manage their finances for optimum financial gain. To achieve this, they will reconcile and review financial statements, tabulate complex and simple money related data to then advise on how to increase revenue, reduce operational costs to make a profit.
Accountants will be the financial spine for an organization handling the daily transactions. Therefore, they will have fluency in numbers and a numerical systematic approach to every business deal. Accountants will advise companies on tax returns and procedures. The company’s financial health is in the hands of the accountant.
An Operations Research Analyst will combine big data mining, statistical analysis, optimization and applied mathematical modelling to achieve this compelling career. They will work in businesses as well as other sectors solving high-level business challenges using advanced techniques. They will assess the most practical way to allocate scarce business resources yet ensure profitable turnover. They will help their clients to achieve seamless profitable business processes.
Operation research analysts will set aside a business challenge while beginning a project, they will research on the problem and eventually develop a solution model that fixes the problem. They will work with team leaders in making business decisions based on solutions offered from their research.
Stock traders use very well done technical analyses to capitalize and identify future market trends. Stock traders spend every day of their careers dealing with numbers, probabilities and figures, theirs is a fast-paced, dynamic career pathway marked with highs and lows. They will research and calculate vantage timings and best prices at which to trade stocks, sell and buy shares and bonds as well as other financial assets. Stock traders will require statistics majors to be able to manoeuvre this intricate world of data and figures in the real-time market. Their clients will mainly be brokerage firms, investment companies, retirement funds and financial institutions
A market research analyst conducts product-market research and packages it into information which in turn empowers a business to understand its customers. Analyzing customer data is a mainstay of the market research analyst. They will apply organized and clearly structured effort in their customer assessment.
Market research analysts will keep businesses competitive by understanding customer needs and availability and fulfilling them accurately. They will conduct targeted and specific surveys for precision. These can be implemented face to face, through the internet or by making calls to customers. The findings gathered will then be analyzed and applied to the business model for success in business.
Software engineers and developers come up with computer applications, network systems and computer software. They gather data and analyze the requirements of their users as a lead up to the development and testing of their products. They will use models and application maps which they will create to test and develop their programs. They will design, develop. test and implement the final product after evaluation.
Software engineers will recommend system upgrades and continuous software maintenance schedules. They will develop elements of software that will ensure the efficiency of the whole software. They will collaborate with information technology project managers, computer programmers and managers of information systems.
Data scientists scrutinize figures and statistics looking for insights and conclusions as they seek solutions that will offer their clients opportunities with the highest potential. They will use their statistics skills to set up sets of data, identify variables, build models and trace patterns and trends. They will also use their communication skills to pass on the findings through reports and presentations to relevant audiences.
Data scientists will communicate on how to use analytical data to influence business decisions that may mean; changes in business operations, product improvement or process improvement, creation of new products or services. These are decisions that will leverage a business to desired profitable levels.
Check out the list of most popular questions around statistics programs