Infographic: Compare careers in Data Science, Applied Statistics and Business Analytics

MIchigan Tech compare careers in Data Science, Applied Statistics and Business Analytics
MIchigan Tech compare careers in Data Science, Applied Statistics and Business Analytics

Compare careers in Data Science, Applied Statistics and Business Analytics

Statistician Career infographic

Download Infographic

DATA SCIENTIST

The Role: A data scientist knows how to extract meaning from and interpret data. This unique skill set requires the aid of statistical methods and machinery, but largely relies on analytical brainpower. - LinkedIn
Responsibilities/Skills: Programming, Statistics, Machine Learning, Linear Algebra and Calculus, Data Visualization, Communication, Data Wrangling, Software Engineering-Towards Data Science

STATISTICIAN

The Role: Statisticians solve practical problems by using theory to create innovative solutions that incorporate business culture and practices. They work with large data sets, develop models to organize and accurately interpret information, and use that data to create new products, interventions, and practices. Applied statisticians provide a deep understanding of problems in order to drive organizational growth and change. - Michigan Tech
Responsibilities/Skills: Predictive Modeling, Data Mining, Parametric Estimation, Model Diagnosis, Statistical Computing, Experimental Design, Forecasting - Michigan Tech

BUSINESS ANALYST

The Role: A business analyst proposes ways to improve an organization’s efficiency and helps decision-makers understand the performance of their company. - Merrimack
Responsibilities/Skills: Data Visualization, Finding/Using Trends to Make Predictions, Predictive Analytics, Mediation, Leadership -LinkedIn

Degrees of Success

DATA SCIENTIST Entry Level Degree: Master’s
STATISTICIAN Entry Level Degree: Master’s
BUSINESS ANALYST Entry Level Degree: Bachelor’s

Hiring Industries

According to The Bureau of Labor Statistics - bls.gov

  1. DATA SCIENCE
    • Computer Systems Design
    • Systems Design
    • Research & Development
    • Software Publishing
  2. APPLIED STATISTICS
    • Research & Development
    • Federal Government
    • Healthcare
    • Insurance Carriers
    • Colleges & Universities
  3. BUSINESS ANALYTICS
    • Professional, Scientific & Tech
    • Self Employed
    • Government
    • Finance & Insurance

Salaries

According to The Bureau of Labor Statistics - bls.gov

  • DATA SCIENTIST MEAN ANNUAL $123,850
  • STATISTICIAN MEAN ANNUAL $87,780
  • BUSINESS ANALYST MEAN ANNUAL $94,390

Job Growth

Projected outlook between 2018 and 2028, according to bls.gov

  • DATA SCIENTIST 16%
  • STATISTICIAN 30%
  • BUSINESS ANALYST 14%

The Top 7 Statistical Tools

According to imotions.com

  1. SPSS (IBM)
  2. R (R Foundation for Statistical Computing)
  3. MATLAB (The Mathworks)
  4. Microsoft Excel
  5. SAS (Statistical Analysis Software)
  6. GraphPad Prism
  7. Minitab

Applied Statistics By The Numbers

  • No. 1 Best Business Jobs U.S. News and World Report
  • No. 2 Top Jobs for Milennials smartasset.com
  • No. 2 Best STEM Jobs, U.S. U.S. News and World Report
  • No. 2 100 Best Jobs U.S. News and World Report
  • No. 2 Best Master’s Degree Forbes
  • No. 4 Fastest Growing Job in the U.S. with Salary More Than 60K bls.gov
  • No. 8 Fastest Growing Job In the U.S. bls.gov

Earn your degree online

A master’s degree in Applied Statistics from Michigan Technological University will prepare you for high-demand, high-paying positions in statistics and data science. 100 percent online 7-week courses 30 credits; 10 courses

Michigan Technological University's MS in Applied Statistics online program will help you develop the powerful and practical statistics toolkit necessary to meet the surging worldwide demand for data experts. Build on your experience and bachelor’s degree with a graduate education that adds depth and longevity to your career.
 

Email Admissions

Embed this on your page:

<iframe src="//onlinedegrees.mtu.edu/news/infographic-Compare-careers-in-Data-Science-Applied-Statistics-Business-Analytics" style="border:0px #ffffff none;" name="myiFrame" scrolling="no" frameborder="1" marginheight="0px" marginwidth="0px" height="400px" width="600px" allowfullscreen></iframe>