Statistics Career Paths

A statistics degree is a very versatile degree. Large corporations these day utilize statisticians to get insight into marketing, profitability, quality control, medical analysis, research, and much more. While there are many jobs available to those with a bachelors in statistics, a masters can open up other opportunities such as quantitative finance.

While a statistics degree is the obvious choice for working as a statistician there are other paths one can take. Econometrics, biostatistics, and actuarial sciences are examples of degrees that are statistics applied to a specific field of study. Data science is more of a branch of statistics that a new field however data science is popular these days as companies look for new methods.

In this video I also provide a list of industries and areas within those industries where a statistician can work. My list is by no means complete but it should give you an idea of different ares to consider for a career.

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[Sai-tek]

Yes we liked the video. We would like you to make a book review series on statistics from beginner to advanced level. It would be great if you make it.

[joelrodriguez]

Awesome. Statistics is the awesomest path to go through. This video confirms that Statistics is the way to go.
I found a masters program with only 10 classes and it only costs 11k which is cheaper than most programs in the country and the reward you get is huge.
Great video Dimitri, you never disappoint !

[alvaroramos]

One of the few videos I've found that gives a great overview of the field and its career pathways. Thank you!

[slatful]

Finally a video that answers this important question. This was super helpful. Thanks!

[rashawnhoward]

I got a statistics masters degree and computer science undergraduate degree. Been doing a lot of machine learning, have you checked out the tidymodels package in r?

[kbps]

doing a stats undergrad now thanks to you

[joshuadoyle]

This is a fantastic video, lots of good information and visuals. Much appreciated

[chili]

Would you mind making a video on jobs for statistics majors in finance and quant finance? :)

[zinhtet]

Hi Dimirti, Thank you for the info, it was a great contact! If someone wants to work in the Finance industry, majoring in Fin or Quantitive Sat? Which one would you advise?

[jmccullough]

Dmitri what is you thoughts on DePaul’s applied math masters program. A little background on my I have a political science degree and planned on going to law school. I am trying to decide whether to go back to undergrad for a second bachelors in actuarial science then pursue a financial engineering or statistics masters like Purdue, UNCC, or Illinois GA StAte or just go straight unto a. Masters program ie DePaul that focuses. I want a little experience to classes in math, economics, finance and statistics to figure out what career I actually want to pursue. As I’ve been watching your videos on the differences between actuary, quant and data science and statistics. If you could offer any guidance on what route to pursue that would be great!

[puckme]

great video but you don't need to do a masters or phd in actuarial science to become an actuary. not sure where you got that from

[ishannagpal]

what would make a better investor. quant route or cfa route?

[aby]

Hi Dimitri, I am majoring in statistics for my undergrad and will be having a masters in statistics too but to end in Quant finance which is my dream career will that be okay or i will need a PhD afterwards and if I need a PhD, should it be in statistics or Quant finance. Please help me.

[deveshdalmia]

Hey Dimitri, im being advised by a QCF student that instead of doing a MS in QCF, I should instead do a MS in CS since the tuition is cheaper, and that I’ll be able to take some QCF classes in the CS pathway. Not sure what to do anymore....

[MrAADHIKYA]

Do you think after going through the whole quant journey you could trade for yourself? Why are all these smart brains going and working for a corporate? Do corporates have some sort or proprietary stuff which retail traders cant afford? Yes the speed (Hft stuff and all) but im assuming a retail trader with quant skills could have piece of the pie. Or am i missing something?

[pradeeppoi]

Sir I want to became an statistician now recently I have completed my 12th std so I have to study bsc and msc in statistics for 5 years from a higher level university so I want to just ask you thing is that how much a statistician earn per year??

[qualiqueancrum]

Could you get an actuarial science degree and still become a statistician ? Or would you need to get a Masters in Statistics?