Most employable emphasis for Applied Statistics major?

Click For Summary

Discussion Overview

The discussion centers around the employability of different emphasis options within an applied statistics major at a university. Participants explore which of the three offered emphases—Business, Economics, and Science—might provide the best career opportunities, considering various fields such as finance, medical research, and data analysis.

Discussion Character

  • Debate/contested
  • Conceptual clarification
  • Exploratory

Main Points Raised

  • Some participants suggest that the Economics emphasis may lead to lucrative careers in finance or as an actuary, while the Science track might be better suited for medical research.
  • Others argue that any of the three emphases are employable, emphasizing the growing need for statisticians in big data analysis.
  • A participant expresses uncertainty about the future relevance of current industry trends, noting that predictions may change over time.
  • Some participants believe that the choice of emphasis may not be as critical as developing strong statistical and data analysis skills applicable across various fields.
  • One participant mentions the potential to pursue market research with a Science emphasis, suggesting that the statistical methods used are similar to those in the Business track.
  • Concerns are raised about the prerequisites for the Business option, which may delay graduation, and perceptions of it being less engaging compared to the Science track.

Areas of Agreement / Disagreement

Participants express differing opinions on which emphasis is most employable, with no clear consensus reached. While some favor the Business and Economics tracks for their perceived job prospects, others maintain that all options can lead to successful careers depending on skill development.

Contextual Notes

Participants note the importance of foundational skills in statistics and data analysis, as well as the relevance of internships for gaining experience. There is also mention of the evolving nature of industry demands, which may affect the employability of different emphasis areas over time.

annoyinggirl
Messages
217
Reaction score
10
http://oi59.tinypic.com/50lfv9.jpg

Above is a link to the list of the three different emphasis offered at my university for statistics major (it is named "statistics" major but has an "applied statistics" curriculum).

Please tell me which emphasis of the three you think is most employable. Please rank them from which you think is most employable to least employable. Thanks
 
Last edited:
Physics news on Phys.org
annoyinggirl said:
http://oi59.tinypic.com/50lfv9.jpg

Above is a link to the list of the three different emphasis offered at my university for statistics major (it is named "statistics" major but has an "applied statistics" curriculum).

Please tell me which emphasis of the three you think is most employable. Please rank them from which you think is most employable to least employable. Thanks

If you are interested in making good money, the economics emphasis looks like it would be a good match for pursuit of a career in finance or as an actuary, etc. if you want to work in e.g. Medical research, the science track would probably be better.
 
Any of the three are employable. If I were in your shoes, I'd choose the business option. The need for statisticians to work on big data sets continues to grow.

However, all that said, the industry does change. What I say today may be completely useless a year from now. If I really knew how to make prognostications like this, I could be very wealthy.
 
  • Like
Likes   Reactions: annoyinggirl
To annoyinggirl:

Are you absolutely required to choose one of the three emphasis offered at your university's statistics major, or do you have some flexibility in deciding what emphasis you choose? Because in my mind, it really doesn't matter which emphasis you choose (at least as selected). The key is the ability to develop skills in statistical and data analysis that can be applied in any area, whether that be in business, finance, marketing, medicine, pharma/biotech, IT, engineering, etc. So long as you develop the fundamentals, develop some programming ability, and seek internships to gain experience, you should be fine.
 
StatGuy2000 said:
To annoyinggirl:

Are you absolutely required to choose one of the three emphasis offered at your university's statistics major, or do you have some flexibility in deciding what emphasis you choose? Because in my mind, it really doesn't matter which emphasis you choose (at least as selected). The key is the ability to develop skills in statistical and data analysis that can be applied in any area, whether that be in business, finance, marketing, medicine, pharma/biotech, IT, engineering, etc. So long as you develop the fundamentals, develop some programming ability, and seek internships to gain experience, you should be fine.
I have to choose one of the three offered emphasis.
 
annoyinggirl said:
I have to choose one of the three offered emphasis.

Hi there. Sorry I didn't respond earlier.
If you're asking me what I would choose if I was in your shoes, I would go for either the Business option (which would help you break into finance/market research etc.) or the Science option (a bias from working in the pharma/biotech sector). But as I've stated earlier, it really doesn't matter, so long as you are building a solid foundation in statistics and data analysis.
 
StatGuy2000 said:
Hi there. Sorry I didn't respond earlier.
If you're asking me what I would choose if I was in your shoes, I would go for either the Business option (which would help you break into finance/market research etc.) or the Science option (a bias from working in the pharma/biotech sector). But as I've stated earlier, it really doesn't matter, so long as you are building a solid foundation in statistics and data analysis.
thank you for responding.
The business option seems more employable but requires a few prereqs that would delay graduation. Also, it seems very common-sense and boring. Do you think I could do the science track and do market research, too?
 
Last edited:
annoyinggirl said:
thank you for responding. Actually, it was I who responded late, due to falling sick and having to find out the answer.
The business option seems more employable but requires a few prereqs that would delay graduation. Also, it seems very common-sense and boring. Do you think I could do the science track and do market research, too?

Yes, I think you could do the science track and do market research, since the statistical and computing methods used for one shouldn't differ from what is covered in the business track. I would suggest you speak with your department to get more details, but that is what I think (I've known people with science backgrounds working in data science for market research, insurance, or finance companies).
 
StatGuy2000 said:
Yes, I think you could do the science track and do market research, since the statistical and computing methods used for one shouldn't differ from what is covered in the business track. I would suggest you speak with your department to get more details, but that is what I think (I've known people with science backgrounds working in data science for market research, insurance, or finance companies).
thank you very much for your help
 

Similar threads

  • · Replies 6 ·
Replies
6
Views
2K
  • · Replies 12 ·
Replies
12
Views
26K
  • · Replies 12 ·
Replies
12
Views
3K
Replies
1
Views
3K
  • · Replies 15 ·
Replies
15
Views
2K
  • · Replies 18 ·
Replies
18
Views
15K
  • · Replies 16 ·
Replies
16
Views
7K
  • · Replies 1 ·
Replies
1
Views
2K
  • · Replies 6 ·
Replies
6
Views
3K
  • · Replies 4 ·
Replies
4
Views
2K