Earning an Online Math Masters Degree
"There are three kinds of lies: Lies, damned lies, and statistics."—Benjamin Disraeli
The world wide web has been with us for more than 25 years now. As an example of how this fits into human history, here's the very first website, which was built in 1991.
Did you click the link to see a part of world wide web history? Fun stuff.
But a question remains - Did the world wide web bring us a web of knowledge or a web of lies? Probably both. We can unpack these complicated distinctions within the web itself - statistics is a great place to start.
Online Masters in Math : What Is Statistics?
They're informative, science-based, and everywhere. In fact, statistics affect us on the daily, whether you see a late night talk show joke about the latest study on YouTube or you Google plane crash stats while in line at JFK. We're surrounded. We've gotten so used to them that sometimes statistics only feel like knowledge but other times they actually reveal tangible facts. The fun part is that even facts and stats meant just for kicks still might just save your life. For instance, check out this one below…
Think on This!
You might want to think twice before starting that spat… around 40% of murders occur during arguments.
Still, who really knows if all these studies and stats at our fingertips are significant or even relevant? Statisticians do. They can help inform our inquiring minds so that the big data web enlightens us for real rather than just fantasy or fright. Because when you pile on the rumors, innuendo, and gossip that often spread right along with all that data… feels like we could all use a reality check. Statisticians get their expertise for exactly these reality checks with a Masters Degree in Statistics.
Did You Know?
Up to half of all North Americans with a genius IQ (140 or higher) never graduate high school.
Earn a Statistics Degree
Luckily you don’t need to be a genius to earn a Masters Degree in Statistics, since they only make up 1% of the population. You will, however, likely need a relevant Bachelor degree and a keen interest in statistics. But here again, you've struck luck because statistics are fascinating. It's easy to be interested with such amazing material at hand. In fact, knowing the difference between a statistically significant event and a coincidence isn't just intriguing. It's also considered essential for anyone making important decisions based on data.
In other words, statistics matter most in high-level decision making. That means understanding how statistics work may make you a crucial part of important conversations. You can be poised to make a significant impact when you have this skill and understanding.
Want to be in the room where it all happens? Statistics might just be your ticket to it. And just to clarify what this all means, speaking of luck and significance, when a finding is significant, you can feel confident that’s it real, not that you just got lucky or unlucky. That's statistics in a nutshell. It's all about getting real.
What Will You Study?
Lots and lots of math.
Subjects you may study as you pursue your online master’s degree include statistics, differential and integral calculus, linear and abstract algebra, differential equations, quantitative analysis, and probability theory.
How Much Do Statisticians Earn?
Statisticians made a 2016 annual median salary of $80,500, otherise known as $42K more than the median salary for all other occupations the same year. Add to this a 34% projected employment rate, which is MUCH faster than average. For the sake of comparison, the projected job growth for all occupations is a mere 7%. But don’t just take our word for it, according to U.S. News & World Report’s 2017 rankings, it’s the best job in STEM, it’s the best job in business, it’s the fourth best job, period. Part of this is due to the growing demand for data analysis in most industries. There are important decisions to make in all businesses, and statisticians help make those choices more informed. Every business knows they must stay abreast of their industry, and keeping up with all the relevant data is as critical as it is challenging.
We all have a growing need to parse the influx of information thanks to the world wide web. This is why the Jobs of the Future: Data Analysis Skills report shows that over the past five years, nearly two-thirds of organizations (65%) increased the number of positions requiring data analysis skills, and more than half (59%) expect to increase the number of positions at their organizations over the next five years.
Other Jobs for Statistics Experts
It's evident there are statistician jobs out there but what kind of jobs specifically? Just saying "statistician" doesn’t cover all of them, certainly. The Bureau of Labor Statistics grants us this sample list below.
Statistics Job Titles include Assistant Division Chief for Statistical Program Management, Clinical Statistics Manager, Human Resource Statistician, Private Statistical/Psychometric Consultant, Program Research Specialist, Senior Statistician, Statistical Analyst, Statistician, Statistician (Demographer), and Trend Investigator.i
Are numbers your thing? Look into earning your online math masters degree. In addition to traditional careers like math teacher and statistician, technology fields are opening up as cloud computing creates a need for data analysis.ii Don't believe us?
Job growth in mathematics is projected to grow 21 percent from 2014 to 2024.iii
An online math master's degree could be applied to many different fields including computer programming, systems engineer, statistician, operations research, and teaching.iv However, some jobs,including college math professor, may require that you earn a doctoral degree in mathematics.
- Median Salary of a Mathematician: $99,380v
- Median Salary of a Operations research analyst: $70,960vi
- Median Salary of a High school math teacher: $53,230vii
- Median Salary of a Computer programmer: $73,710viii
People are much more likely to return a lost wallet they have found if they find a picture of a baby inside.
The New, Now, Next for Statisticians
It's clear that statisticians are on track to have quite a future and also have been sought out quite a bit over the past five years. But what's happening now with statistics jobs may be even more than that. In fact, it's no surprise that 2017 may just be the year of the statistician.ix
A lot of noteworthy news organizations saw it coming, after all. In 2016, Forbes named Biostatistics and Statistics as the top two master’s degrees for pursuing jobs. That same year Fast Company placed "Data Scientist" at the top of their list for Most in-Demand Jobs.x Meanwhile, the Bureau of Labor Statistics named statistician as one of the top 10 fastest growing jobs in 2015.xi This is their time, and employers are responding quickly. Some of are even stressing about how much they need a statistician on the team to help with analytics.
In the Jobs of the Future study we mentioned earlier, four out of five responding organizations (80%) currently have positions that require data analysis skills, and another 2% expect to create data analytics positions. Those employers who filled a data analysis position within the last 12 months faced a challenge, with 78% reporting they had difficulty recruiting qualified candidates.
Everybody's looking for answers, and if you have a Masters Degree in Statistics you may be the one to help find them there, right in the numbers.
Choose a Degree
If all this sounds like what you want and you're enticed by a workplace devoted to math,ii you're in the right place to make your dreams that much closer to reality. Let us help you get started knocking at the doors of opportunity. Click our links here on eLearners.com to open some of them today.
Don’t make it harder on yourself than you need to. Here's a fun statistic about some Internet users who don’t take the typical route around the world wide web. Are they making it harder or did they find a fun shortcut?
The Pew Internet & American Life Project study, published in Aug. 2011, found that 8 percent of Internet users do not use email or search engines.
How do they find anything? One way could be visiting sites they know and then clicking links on those sites. That actually sounds pretty straightforward, right? You can practice that easy method right here with us.
All it takes is a click on one of our relevant links, and we can help you find your path forward. We make it happen for you with a free, fast, and easy match to a perfect degree. So why not get started?
[i] onetonline.org/link/summary/15-2041.00 [ii] bls.gov/ooh/math/mathematicians.htm#tab-6 [iii] bls.gov/ooh/math/mathematicians.htm#tab-6 [iv] bls.gov/ooh/math/mathematicians.htm#tab-4 [v] bls.gov/ooh/math/mathematicians.htm#tab-5 [vi] bls.gov/ooh/math/operations-research-analysts.htm#tab-5 [vii] bls.gov/ooh/education-training-and-library/high-school-teachers.htm#tab-5 [viii] bls.gov/ooh/computer-and-information-technology/computer-programmers.htm#tab-5 [ix] thisisstatistics.org/2017-is-the-year-of-the-statistician/ [x] thisisstatistics.org/data-scientist-most-in-demand-job-reports-fast-company/ [xi] thisisstatistics.org/statistician-projected-as-top-10-fastest-growing-job/