All over the world, human beings create an immense and ever-increasing volume of data, with new kinds of data regularly emerging from science and industry. A new understanding of the value of these data to society has emerged, and with it, a new and leading role for Statistics. To produce sensible theories and draw accurate conclusions from data, cutting-edge statistical methods are required. These methods use advanced mathematical ideas combined with modern computational techniques, which require expert knowledge and experience to apply. A degree in Mathematics and Statistics equips the students with the skills required for developing and implementing these methods and provides a fascinating combination of deep and mathematically well-grounded method-building and wide-ranging applied for work with data.
Mathematics is the abstract science of numbers, quantity, and space. Mathematics may be studied in its own right (pure mathematics), or as it applies to other disciplines such as physics and engineering (applied mathematics). Mathematicians solve problems. The Problems they work on range from pure mathematical problems to applied problems. Mathematicians try to find common features in seemingly distinct problems.
Statistics is the science of collecting and analyzing numerical data in large quantities, especially to infer proportions as a whole from those in a representative sample. Statisticians develop techniques to overcome problems in data collection and analysis. They use statistical methods to collect and analyze data and to help solve real-world problems in business, engineering, healthcare, and other fields.
Mathematics and Statistics Salary
The national average salary ranges quite a bit. Information from PayScale suggests that the average annual salary of a mathematician is roughly $69,000+. On the other hand, Salary.com provides another number which is around $77,574. Both of these sites aren’t wrong as the average may depend on the amount of data they have. Furthermore, the annual salary range covers a wide scope which is between $60,069 to $91,287. PayScale mentions that to reach a higher salary potential in this field, the students will have to have at least a master’s degree.
Mathematician and Statistician Job Description
Both Mathematicians and statisticians deal with numbers on a heavy scale. They are there to solve both scientific and engineering problems by applying their mathematical knowledge. Furthermore, some mathematicians develop and test formulas that engineers will use. Beyond helping with engineering, they also help with computers and computer software.
Mathematics and Statistics Careers
People working in this field require about 2 to 4 years of experience in the field with a bachelor’s degree in mathematics or statistics. While using different theories and methods, they collect, analyze, and interpret quantitative data to be a better use for companies, especially in market research and public opinion. Here are some careers that mathematicians and statisticians can enter.
- Statistician/Mathematician
- Statistician
- Mathematician
- Statistical Analyst
- Senior Statistical Analyst
- Quantitative Analyst
- Business Analyst
- Marketing Analyst
- Data Analyst
- Data Scientist
Why Major In Mathematics and Statistics?
Studying mathematics has been known to be extremely difficult. Hence, many people have been scared to pursue this major. There are many different reasons to consider this option, just as there are many ways in which mathematics can be used. The road to mathematics is by no means unique, and the motivations to choose one’s path to mathematics are varied. Mathematics has the reputation of being extremely hard and elitist. This has contributed to scaring people away from the start. As a mathematician and the Chair of the Mathematics Department, I can say in full honesty that learning mathematics requires work and dedication.
For more information, refer to Jobs, Salaries and Career after Masters in Mathematics and Statistics.
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