Why should you study Statistics?


26 November 2020

Statistics is for maths lovers, avid problem solvers and analytical people. If you consider yourself as one of those people, then studying statistics is the right career path for you. Take a look at all the interesting aspects of statistics, why you should pursue a degree in this discipline and the career possibilities you have. 



Statistics: What is it?


Statistics is defined as “The scientific application of mathematical principles to the collection, analysis, and presentation of data.”

Statistics is all about analysing information and using it to make decisions. The information can be gathered from any field of study, such as from business, law, medicine, politics, sociology, sciences and any other field.

Why should you study Statistics?


If you are interested in maths, want to study it further and would like to develop and use your analytical skills to solve problems, pursuing a degree in statistics is the right choice for you. 

Our world is driven by data, so being able to translate information into meaningful insights that can help companies, organisations and people in general in different fields of study is a very sought after skill. 

Different disciplines use statistics to analyse information that can seem uncertain and incomplete. These uncertainties are mitigated by statistics because the information is deeply analysed in order to get rid of misinformation. 

Students in statistics degrees learn to build and apply quantitative techniques to collect, organize, analyse, interpret and present the information. They then utilize statistical techniques to discover and investigate patterns, build predictive models, and control variability to improve decision making.

The Importance of Studying Statistics


Statistics are useful in helping us understand recurrent problems and trends occurring in society. Graduates use statistical insights to find or test solutions to different problems and Statistics studies focus on improving data collection through surveys or experiments. 

What Jobs can Statistics Graduates expect to have?

Statisticians go on to work in many different fields since many disciplines need to gather information, compare it and analyze it in a way that allows experts and people in general to know the typical aspects of each discipline. 

Some of the jobs Statisticians can expect to have are: 

  • Actuarial analyst
  • Actuary
  • Civil Service fast streamer
  • Data analyst
  • Data scientist
  • Financial risk analyst
  • Investment analyst
  • Market researcher
  • Operational researcher
  • Statistician

Statisticians may work across different disciplines, such as in finance, computing, management and medical fields. Statistics students study maths in-depth, how to use computer software for statistical analysis purposes and how to apply statistics to solve problems. 




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