Students with BSc degrees in mathematics and statistics are considered very marketable due to their problem-solving and analytical skills. Statistics and mathematics – These two subjects are always in high demand.
Your knowledge and skills will have a high value in a wide variety of professions.
However, there is nothing wrong with exploring. After all, you want to be sure you are putting your foot in the right direction. So today, I am going to share some really good career options that you may consider after completing a BSc in Mathematics and Statistics.
- Data Scientist
If you have proper organisational skills and are curious enough stacks of information and convert them into positive outcomes, you are perfectly suited for the data scientist career option. Students majoring in mathematics and statistics choose this field to make sense of information and turn them into digestible and actionable takeaways.
As a data scientist, you will require to extract, analyse and interpret a large set of data from a large range of sources using artificial intelligence, algometric, data mining, machine learning and statistical tools.
You will need to build algorithms and design experiments to manage, merge, interrogate and extract data for supplying tailor-made reports to customers. You are also expected to assess data-gathering techniques and data sources and improve data collection methods.
Median salary: $91,000
- Actuary
The actuary is another great career option if you like paper help and determining risk-versus-reward outcomes. Actuaries handle financial risk management for businesses, individuals and government organisations. As an actuary, you will advise businesses and organisations on when, how and where to invest your money. Having a background in statistics and mathematics will suffice when you balance insurance risks and liabilities against potential benefits.
Students choosing this career path can easily forge a well-paying career path since there is a high demand for resource personnel. Your job includes analysing and mitigating risks on behalf of the firm. Having a great skill set both in business and economics will help you upgrade your career to a whole new height.
Median salary: $101,000
- Operations Research Analyst
As a research analyst, you will have to deal with activities like analysing, collecting, researching, interpreting and presenting data relating to different fields like finance/domestic, markets, domestic and international economics, customers, stock markets, and other information related to the field.
The whole corporate world depends on operations research analysts. They help them track their business practices and identify opportunities and problem areas, from basic, like how companies conduct business, to finding patterns using mathematical methods and predicting what the future might hold for one or several clients at a time.
Median salary: $79,000
- Statistician
Managing mountains of data is not an easy feat. In the era of social media channels, mobile apps, consumer sales operations, marketing, companies rely more on a statistician who can help them unpack all the information, ensuring the business stays successful. Statistician differs with data scientists only these way- statisticians tend to lie more on the mathematical and analytical side of the spectrum.
Once they figure out the data they need to resolve a problem, they use experiments and surveys to gather information.
As you grow up to be a professional in the field, you will require using established concepts in the analysis. However, you may also create new rules, theories and models during the process.
Median salary: $82,000
- Database administrator
This career field focuses on storing, categorising and organising information. If you choose this career field, you will be responsible for preserving data via restorations and backups. You will also be expected to maintain and update Data administrators tend to have high-level knowledge of languages like Structured Query Language (SQL) for doing their jobs effectively. So if you are rooting for this field, make sure to start mastering the language.
Median salary: $68,743
- Data Analyst
Data analysts are in high demand across all sectors like IT, manufacturing, consulting, finance, government, and education. As a data analyst, you will be responsible for developing management, processes, records and policies.
Your job requires you to identify, evaluate and implement external services and tools for supporting cleansing and validating data. With the help of appropriate techniques and tools, you will be able to gather, understand and document all detailed requirements of the business. Your primary job role is manipulating, analysing and interpreting all complex sets of the employer’s business.
Median salary: $58,000
Additionally, you must evaluate data sources and data collection procedures in order to enhance them.
If you enjoy choosing between risk and reward scenarios and paper help, the actuary is another fantastic job option. Actuaries manage financial risk for organisations in the public and private sectors. As an actuary, you will counsel companies and organisations on the best times, places, and ways to invest their funds. When weighing insurance risks, liabilities, and potential advantages, a background in statistics and mathematics is sufficient.
SUMMING UP,
Investigating your career options after completing a BSc in statistics and mathematics is wise. However, do not try overthinking them.
AUTHOR BIO: charley Reiley is a data analyst at one of the top accounting firms in the UK. He is also associated with MyAssignmenthelp.com, where he offers coursework help in both mathematics and statistics. He also provides tutoring lessons on mathematics and statistics subject.
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