Employment of statisticians is projected to grow 34 percent from 2014 to 2024, much faster than the average for all occupations. Growth is expected to result from more widespread use of statistical analysis to make informed business, healthcare, and policy decisions. In addition, the large increase in available data from the Internet will open up new areas for analysis.
A substantial amount of data is generated from Internet searching and the use of social media, smartphones, and other mobile devices. Businesses, particularly those in the retail, finance, and insurance industries, will increasingly need statisticians to organize, analyze, and sort through the data for commercial reasons. Analyses will help companies improve their business processes, design and develop new products, and advertise products to potential customers.
In addition, statisticians will be needed in the pharmaceutical industry. The aging of the U.S. population will encourage pharmaceutical companies to develop new treatments and medical technologies. Biostatisticians will be needed to conduct the research and clinical trials necessary for companies to obtain approval for their products from the Food and Drug Administration.
The occupation will also see growth in research and development in the physical, engineering, and life sciences, fields in which statisticians' skills in designing tests and assessing results are highly useful.
Job prospects for statisticians are projected to be very good. An increasing number of jobs over the next decade will require high levels of statistical knowledge. Job opportunities are expected to be favorable for those with very strong quantitative and data analysis skills. Computer programming skills will remain important to many employers.
Graduates with a master's degree in statistics and a strong background in a related discipline, such as finance, biology, engineering, or computer science, are projected to have the best prospects of finding jobs in their field of study.
Percent change in employment, projected 2014-24
Mathematical science occupations
Total, all occupations
Note: All Occupations includes all occupations in the U.S. Economy. Source: U.S. Bureau of Labor Statistics, Employment Projections program