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The differences between statisticians and economists can be seen in a few details. Each job has different responsibilities and duties. Additionally, an economist has an average salary of $109,102, which is higher than the $84,726 average annual salary of a statistician.
The top three skills for a statistician include data analysis, statistical methods and statistical techniques. The most important skills for an economist are economic research, research findings, and economic analysis.
| Statistician | Economist | |
| Yearly salary | $84,726 | $109,102 |
| Hourly rate | $40.73 | $52.45 |
| Growth rate | 31% | 6% |
| Number of jobs | 17,782 | 1,029 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 58% |
| Average age | 37 | 45 |
| Years of experience | - | - |
A statistician is an individual who gathers data and uses mathematical techniques to analyze and interpret data and draw conclusions. Statisticians are required to develop survey questionnaires or reporting forms so that they can collect the data they needed. Once the data are available, statisticians must analyze those data by calculating averages, reliabilities, and other specifics to identify trends and relationships. Statisticians must also write reports to explain their findings and recommend how to improve the design of future surveys or experiments.
The primary role of economists is to study how society distributes resources, including raw materials, land, and labor, to create goods and services. They perform various tasks, including conducting research, monitoring economic trends, and devising forecasts on a wide range of issues such as inflation, interest rates, and employment. Additionally, they are responsible for preparing reports and presentations and advising individuals, businesses, and governments on economic issues. Economists are also responsible for designing policies or making recommendations for resolving economic problems.
Statisticians and economists have different pay scales, as shown below.
| Statistician | Economist | |
| Average salary | $84,726 | $109,102 |
| Salary range | Between $60,000 And $119,000 | Between $73,000 And $162,000 |
| Highest paying City | San Francisco, CA | Washington, DC |
| Highest paying state | California | Montana |
| Best paying company | The Citadel | Cornerstone Research |
| Best paying industry | Pharmaceutical | Professional |
There are a few differences between a statistician and an economist in terms of educational background:
| Statistician | Economist | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 58% |
| Most common major | Statistics | Economics |
| Most common college | University of Pennsylvania | Harvard University |
Here are the differences between statisticians' and economists' demographics:
| Statistician | Economist | |
| Average age | 37 | 45 |
| Gender ratio | Male, 63.2% Female, 36.8% | Male, 59.2% Female, 40.8% |
| Race ratio | Black or African American, 5.1% Unknown, 5.0% Hispanic or Latino, 7.6% Asian, 22.7% White, 59.4% American Indian and Alaska Native, 0.2% | Black or African American, 6.4% Unknown, 5.7% Hispanic or Latino, 12.1% Asian, 13.1% White, 62.4% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 9% | 8% |