In financial services, statistics is popularly used for predicting the risk of loans, for example. Mathematicians and statisticians are also poised to earn highly competitive salaries, with a median salary of roughly $84k per year. TD Ameritrade. I doubt I could have ever gotten a PhD in math even if I had wanted to.Thoughts? For example, analytics technology, supported by statistics, provides data-driven insights to emergency services by enabling more efficient resource allocation and improving disaster response planning. A masters in statistics is a thing, that those outside of the field won't really have much of a relevant opinion on. This translates into a conversion analysis, which shows how many people who visited the site go from visitors to clients, users, or subscribers. Statistics professionals can work in numerous sectors; according to PayScale, the top companies for those with an M.S. As the top-ranked job in U.S. News & World Report’s “Best Business Jobs” category, statisticians are in high demand—and the Master of Science in Applied Statistics and Analytics is regarded as one of the most versatile degrees a school can offer. With their increased use across industries, the statistics career outlook is excellent. Go to company page Statistics can be easily spun to fit a number of "hot" job areas (i.e., biostatistics, machine learning, econometrics); even better with a good undergraduate course or masters in a complementary field. Go to company page But study because you are interested in it not because you have to study. Web analytics, on the other hand, applies statistical analysis to understand not only how many people visit a website, but how they interact with the content and what those interactions mean to the business. Part of what makes a master’s in applied statistics worth it is that you are not only learning how to leverage data to solve real-world problems, but which techniques and methods to utilize in specific scenarios. It seems like you want increase the value for your education that is appreciable. Because degrees don't affect upward mobility in software eng, as long as you have an undergrad. This can influence marketing plans, product design, and helps determine the success of the business overall. The University of Delaware offers a 100% online M.S. Because degrees don't affect upward mobility in software eng, as long as you have an undergrad.Also the program I'd complete is not proof oriented. Also the program I'd complete is not proof oriented. By tracking how, when and where individuals use a transportation system of a given area, for example, statistics can be used to optimize the distribution of busses or determine where additional routes may be needed. In applied areas, you (probably) won't start off doing 'fun' stuff immediately, but you can get there eventually, and eventually (on the decade timescale) you'll end up in … Marketing research 2. I'm personally not that intent on working in one industry over another. |, enabling more efficient resource allocation, NLP algorithms’ ability to identify parts of speech, provides the foundation for many data science techniques, insurance actuaries determine the best policies, online M.S. Email: onlinestats@udel.edu Decision sciences 5. I have some programming background and know the tech industry a little better than say the genomics or bioinformatics industry. i am learning quite a bit from it, but it could be overkill in the end. These full-time faculty members aptly prepare students for jobs with a median base salary of $80,000. I am a SWE with > 10 years experience. Energy as a whole is an area in which statistical analysis is used consistently, not only to develop better management techniques for our current energy uses, but to utilize the resources that we have more efficiently. Or is switching from SWE to DS a mistake to begin with? Read below to find out more about some of the exciting developments and work available. Phone: 844-247-6251, © 2020 MS in Applied Statistics Online | University of Delaware Online. But it is lacking in theory, which I don't mind but am wondering if it would hurt my career later on. Las Vegas, for example, has leveraged the Internet of Things (IoT) trend by using tourist data to improve the experience for visitors to the city. I studied statistics in the mid 80s. Master's Degree in Statistics (or Applied Statistics): Employment Opportunities Per PayScale , the average annual salary for those with a Master of Science in Statistics is $80,000. The same technology supports convenience-oriented services, such as providing information about commuter delays and can enhance public transportation security. Master of Science (MS), Applied Statistics - Salary - Get a free salary comparison based on job title, skills, experience and education. I'm wonder if it's worth my time to try applying for jobs that statistics degree holders are … Why Pursue a Master’s in Applied Statistics. Google. Sometimes, as here, a good answer makes a question worth … Or in DS are you doomed to always be underleveled without a PhD? Distance learners benefit from close relationships the University of Delaware maintains with large, locally based companies in numerous sectors, including the financial services, healthcare, chemical, pharmaceutical, technology and farming industries. in Applied Statistics include Discover Financial Services, Booz Allen Hamilton, Hospital Sisters of St. Francis and QVC. I've always been good at math, but am not theory guy. With hands on training in SAS as well as experience with logical regression, game theory and other statistical methods, a master’s degree program in applied statistics will prepare you to pursue work in a diverse range of fields. From psychology to sports, applied statistics finds itself in even more places as technology advances in to every sector of our world. Been thinking about switching to DS some time in the future.Wondering, is it worth it for me to continue taking courses towards a Masters in Applied Statistics? The Bureau of Labor Statistics has projected the career opportunities in statistics and mathematics to grow 34 percent through 2026, significantly faster than the average rate for all industries (7 percent). Some focus on the more applied side and give masters degrees in "applied statistics" while others have more theoretical coursework and grant degrees in "statistics". 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