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This question is about what a statistician does, statistician, and statistician salaries.
Do statisticians make good money?
Yes, statisticians make good money. The median annual salary for statisticians is over $110,000. The lowest 10% earned around $61,000, and the highest 10% earned more than $170,000 in a year.
Statisticians practice the science of using data to make decisions. They decide what data they need and how to collect it, design experiments, collect data, analyze and interpret data, and report conclusions.
And unlike most professions, statistics can be applied to a vast number of fields or issues, like the environment, public safety, health care, and sports. This makes it a very promising career for people looking to work in a field they are interested in while still making good money.
The amount of money a statistician makes depends on several factors. These factors include experience level, education, industry, and company. Industry is one of the major factors for salary for a statistician.
The top industries for statisticians are:
Federal government:
Research and development in the physical, engineering, and life sciences
Insurance carriers and related activities
Healthcare and social assistance
Experience is another major factor in the salary that a statistician can earn. Entry-level statisticians will likely earn closer to a $60,000 to $70,000 per year range. While highly experienced statisticians can easily make over $150,000 in a year.
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