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I'm a statistician (with master of science degree). Here are additional points. 1. YES statistics is DIFFICULT to achieve. Math courses are prerequisites and you add more concepts of statistics. It's really a challenging but rewarding degree. 2. Speaking of a rewarding degree, you get - paid for freelance and consultation works - paid for research works that leads to scientific results (say, biostatistics) and policy recommendations (say, economics/econometrics) - some bragging rights.... while many people hate math, there are still numerous graduate degree takers and holders in the pure and applied sides, and statistics is even rarer. 3. The flexibility is also true. Applied Statistics is the single most used (and abused) field in STEM and Social Sciences as source "empirical evidence" to prove hypothesis. 4. Be it in academe or industry, statisticians are asked for collaborations in both short-term and long-term projects if data interpretations and modeling is needed. 5. You see beyond what the data tells you as it is intellectually challenging and satisfying - once you choose your field and applications (Biostatics, Econometrics, Survey Sampling, etc.), you should know current trends and findings about it as people around may ask your opinions about it specifically if you work in an academe. 6. Learning theoretical statistics is a huge boost: you can easily transition into data scientist and machine learning engineer through coding training or practice statistics in the industry or academe. PS: Earning a pure statistics degree in masters level might be the most flexible degree you could get if you want to get a PhD in other fields (Biology, Environmental Sciences, Economics, Meteorology, Agriculture, Engineering, Public Health, Computer Studies, Psychology, and the list goes on) or in Statistics itself. In general, for as long as data and uncertainty exists, a statistician has a job and direction. ;)
@@tparentful Yes! It still depends on your interests ang opportunities where you can apply for. I strongly suggest that a statistics graduate works in a full-time job and work from home then do some freelance consultancies. Some jobs in the industry includes business processing and outsourcing, banking, and in other industries. If you have a master's degree, you could also try academic works like teaching and/or funded research.
@Minda D Short answer: No. Details: statistics is versatile and frommy original post, it's rarer at least in our country. If you have a degree in statistics, you can choose working on the industry or work anywhere that deals with data until you discover your niche. On my end, I chose to stay in the academe. Collaboration, research, publishing journal articles, and teaching the proper applications of statistics are some of my interests. It's likely because I have a master of science degree. I'm more in the pure than applied side although YOU GET PAID MORE IN THE APPLICATIONS 😁 salaries of those who are connected in the industry is far better than in the academe (like everybody knows). But i enjoy my job as a collegeinstructor, perks as research incentives, and freelancing for consultancies.
@@tparentful Well, as a professor, I do teaching stuffs and other responsibilities that the job requires. A statistician still needs a day job. But if you are already a "legend" in the field like those with doctorate and vast experiences and connections through long years of practice, you can already rely on consultations from organizations, public and private sector and enjoy so much vacant time. Still quite far from that level though. That's the great thing about statistics- you'll never run out of options or directions. More on the context: when clients have consultations, i entertain their questions until their data is sent for analysis. My usual clients are physicians or those in the medical schools. It's more fun and higher paying to have professional clients. There, I said it. In my vacant time, I write journal articles specifically in the methodology and results as it is my expertise. You see, in the academe, research output published in ISI or Scopus indexed journals gives you higher points for promotion. Good thing for a statistician, you can collaborate with so many faculty members ad long as they need statistics specifically higher levels of statistical modeling. Then i go spend time with the family and have fun like cycling 😉 It may look like I'm very busy with these but it's the other way around. Statistics makes you earn beyond your day job in a short period through clients. PS: freelance consultancies are easier of 1. You graduated from at least a master's degree and 2. You are connected in the academe (at least in our country)
As a senior high school student who just applied to colleges, I cannot tell you how helpful this channel has been! I decided to apply to colleges with business and data science majors because of you :)
As someone who is about to finish his last semester do your research on professors before you take their class. Ask upper class students or look at ratemyprofessor. Good luck with college bro 👍🏾.
Lol, why people think their job has such low meaning? Meaning of statisticians is insane, basically all health related science based on statistics. Not only health, btw, economic, social, etc. It's kinda weird
I'd imagine it comes from the financial/management areas, where the effects are a lot less direct. Buying a share/bond second-hand doesn't necessarily do a lot of direct good, nor does presenting a statistical report to clients.
Stats MSc here I believe it comes in large part from the fact that loads of bachelor's have just a very basic stat course in the study plan. Usually, doing something superficially makes it feel devoid of meaning - which makes stats intro feel frustrating. All paired with widespread bad numeracy which makes the stat class be perceived as very hard even if it covers stuff you can surmount with sums, multiplications, and proportions. Perceived uselessness and disproportionate difficulty, for e.g. psychology students who have little to no math in all other courses and won't be "in the habit", spells a plausible scenario explaining stats' bad rep.
I made the decision to go for a statistics degree when I finished high school. If I was 18 years old again, I would make the same choice 100%. I am glad I had the brain +luck to find something I am good at, which also opens many job opportunities
Hey I'm about to start collage, and I will be Majoring in statistics. I'm glad to hear that. so, what are you working on now? also, I'm not that good at Math what do you recommend me?
@@mekdeswondimagegn3563 I have worked in two jobs. One is publishing studies for national economic sectors and the other is in finance (predicting the stock market etc). But in general there are many other job opportunities for statisticians (for example biostatistics, demographics etc). Now, my advice for you is, look at the description of the courses you are going to attend,google them and start studying. Study math carefully, they are not very hard. Start watching yt videos about anything you dont understand. Download R (programming language) and start implementing code by following online tutorials. Mark my words, follow these tips from now and throughout your studies and you will be ahead of the pack.
@@flyingbanshee8592 In this sector, you will find risk / quantitative analyst jobs that require a strong background in statistics. If you combine it with some type of actuary related studies/ courses / MSc you are guaranteed to get a lucrative job there
I'm a healthcare statistician and I was very insecure abt this career because no one knew what was it about, but now I feel more relief to find this video
I’m a data scientist 👨🏻💻. The job is really intellectually satisfying. It’s not just crunching numbers. It’s a lot of customer engagement to determine business needs, and then developing models with those needs in mind. I do some of the cutting edge machine learning (what people call artificial intelligence). You do have to know more than statistics, including how to code very well. I didn’t have a statistics degree though. I had a biomedical engineering degree. You can get the job with any mathematical major. Demand is high. Salaries starting out are high (120k plus is correct). It’s worth it if you love math, machine learning, etc.
Sir Iam very confused whether to take Bsc. MPCs or Bsc. MSCs. Can I become data scientist or data analyst soon after my degree graduation. If not what to study after BSc. Course..
@@chinnu8840 You can definitely become a data scientist with a bachelors of science. Any computational discipline is good. What matters more is internships and side projects for when you apply to positions.
I am personally someone that has always hated maths and have never been good at it. However, I have always been interested in research and enjoy reading graphs. This year i have been doing a statistics course unit at my university and am personally LOVING IT. I think you just need to be really passionate about research and finding answers, i find that the maths in statistics is very doable and relatively easy to pick up (After a few trial and errors haha!).
@@heatherlardizabal1893 Yeh applied statistics Lots of algebra and different kinds of formulas. Look up things like Pearson's correlation/regression, hypothesis testing, t-tests (all types), chi-squares and relative risk/odd ratios. These are the sorts of things i am working with.
As someone studying Statistics and Computer Science, I would like to give my input: 1. You mention that a potential negative is a lot of number crunching, but I tend to disagree. Or at least, it depends on what you mean by number crunching. There's a huge variety of jobs, some of which you'll barely do any math in and you'll mainly be making PowerPoints (typically more managerial) and doing meetings, but then there are other jobs (Machine Learning Engineer) where your main job is to develop Statistical Models. Of course, in most you'll work with math, but keep in mind Computers can do most number calculations instantly, so a lot less than is spent number crunching than you might think. I think the most popular job is Data Science at the moment, and it's a bit more programming heavy and essentially finding data, cleaning it and then deciding what model to use and what insights could be valuable. 2. With me and a lot of my friends, we are neutral with Math, but LOVE statistics. I would highly encourage anyone thinking of it, to just try some Statistics. Especially some practical, real life problems. Math is like the fuel and Statistics is like the race car. You might like it more than you'd think. Especially, if you're an analytical thinker with an inquisitive mind. I started off with accounting and then quickly discovered that I like statistics ;). 3. It's difficult. Applied Statistics is much easier, but the more theoretical courses (which most Bachelors should have) in Mathematical Statistics are difficult. However, it's not impossible for most people I'd say. Just work hard and enjoy the learning process.
@@tomthomas17 Hey man, if I understand your question correctly, it's essentially Statistics (applied) vs Mathematical Statistics. There's a lot of debate regarding this question, some people believe the deeper understanding that comes from learning the proofs are vital and others believe it's a waste of time. Having done both Applied and Mathematical Statistics, I'd say go for Applied and do maybe 1 or two Math Stats courses. The further you go in theoretical statistics, the more you lose touch with reality and the application thereof, which at the end of the day, is the important part. It also gets way more difficult (although doable) and can get a bit demotivating if all you're doing is difficult proofs. However, I believe that some theoretical background is crucial to ensure that you're really aware of what you're doing and the underlying theory behind statistics. You shouldn't just be applying formulas. From an employers point of view, I don't think most will care. At least where I'm from, it doesn't matter. Depends what you want do in Finance, but for the quantative fields a Masters degree is often required. Math/Comp Sci/Statistics (applied or theoretical) are all good for quantative finance positions and pretty much all of them are well respected. Depending on what you're interested in, CFA (Chartered Financial Analyst) could be important and relevant as well as FRM (Financial Risk Management - more quantative). Hope this helps :)
@@Sebastian48532 thank you so much! I think I might stick with the minor in applied Stats and try learning the more theoretical parts on my own/ take a few extra classes on it. Thanks again! You explained it so much better than any advisor at my school! I’m not sure if you’d know the answer to this, but if I minor in applied stats would I be able to go ge a masters after? Or would I need a bachelors in stats beforehand. Sorry for all the questions and thanks!
@@tomthomas17 It's a pleasure man, happy to have helped! :) It depends on the University, but I think you'd be able to. With the whole Data Science thing at the moment, it's becoming really common for non-stats majors to do a Masters in Statistics. For example, at my University a lot of Computer Science majors end up doing a Statistics Master. However, the crucial part is your Math background. Specifically, you need a solid foundation in Linear Algebra and Multivariable Calculus. You also get different Statistics Masters, so you get a traditional, pure Statistics Master and then you get ones with more of a Financial Concentration. And of course, nowadays you also get a Data Science version, which contains more Computer Science courses. I think, the Finance ones might be of interest for you. However, at the end of the day, they are all good and it doesn't really matter which one you pick. Even if later down the road, you decide you're not interested in Finance anymore, you can easily switch to a Data Science role. Hope that helps :)
@@Sebastian48532 thank you so much! My university does make it a requirement to go through the calc series and take linear algebra before the minor, so I’m hoping that will lay a good foundation for hopefully a later possibility of a masters in stats. Thank you so much again!!
Don’t forget, stats has a lot of opportunity for contracting. I have a full time job but also two ongoing conracts that pay a lot per hour. So the salary can easily go up, especially if you are willing to work more than 40 hours a week
@@worldwiderecords9220 Basically, you can work part time on other projects for companies and organisations. Typically, you work on a project and log your hours and t hen get paid hourly instead of a salary.
Personal opinion, I actually recommend going to university for pure mathematics and learning computer science on the side and taking statistics as a subject in grad school. You will have better foundation and clearer understanding, as well as be equipped with more tools. Also the pay nearly triples.
Major and degree was Economics with History, but along the way I took statistics. I remember telling myself how cool and potentially POWERFUL this science was. I tell all my friends to try and sell Stats to their kids as a major. As someone who's not strong in math, I would've 100% taken the Stats route if I could do it again.
I´m finishing my economics studies and Iwas insecure about wich path I should take, I was thinking on data science but my mathematics are not enough and I will have to compete with CS engineers and mathematicians, then, a friend suggested me to get a degree on statistics.
I was way better at Calculus than Intro Statistics, but I wish I was better at stats because it's so useful. As a CS major, calc is mostly useless, but stats is super valuable in several areas.
This is exactly my problem now, Algebra, Calculus, Geometry and Trigonometry are a breeze for me, but Statistics is so boring I can barely concentrate. I don't understand how it's harder than those topics for me... Scrolling through RUclips to make me appreciate it more.
I was so nervous that you were gonna talk about how being a stats major is not a good idea but I’m glad to hear I’ve made a good decision. I’m actually in a four year master program for Biostats so I’m saving 2 years worth of tuition and 2 years worth of time where I can be working and building my career. Good thing I picked a school that took all 32 of my AP credits. I just love statistics which makes me a huge nerd I know, but I always was good at math but wasn’t sure what I would do with it, and then when I took stats in high school and actually fell in love with it. I’m actually a math and stats tutor also at my university. As of now I’m hoping to be a data analyst for clinical trials, which with covid is in even more demand, but if that doesn’t work out my degree will still be a masters level statistics degree if I decide to not stay in the medical field.
Also I’m taking a stats in sports and a stats in the media class right now and they are so much fun. You mentioned marketing but not sports stats, which I know isn’t huge but that is another field people can get into
yes. there will be programming. and honestly, even if there isn't a lot, the reality is, having knowledge of statistics is harder to come by, then learning something like Excel, VBA, Python, or R. All of that is there and will be updated by developers eventually, and when you decide to learn, it will be the latest version w/download; statistics has strong fundamentals & foundations associated with it that are harder to ingrain or 'wing'. I'd say, statistics >= cs.
Programming is not cs,statistic major (unless you double major or minor in cs ) you won't learn,data structure and algorithm,cryptography,computer forensics,computer organization,parallel computing,quantum computing and many more.
I received a Statistics minor to pair with a bachelor's in International Business... ultimately a very, very useful skillset that can be applied in all areas of life... HOWEVER... As a previous Business Analyst, I quickly discovered that crunching numbers all day sucked the soul out of me. Stats if very fun tho!
Overall ranking for Statistics is 8.625. What's the margin of error and confidence level? 😁 Put in an application for an Applied Stats graduate certificate just yesterday...
Great insights! You can also enter into a Machine Learning Engineer or Data Engineer which are two career paths that are growing well (but that can still fall under the SWE category).
You know what's funny. I got my master degree because I wanted to improve my skills as a service provider (for my own online business), but, while I work towards building it, I need to have a job that pays the bills. The funny thing is, it's kind of difficult to find a job with my master (health and clinical psychology) and I came here to see what other masters I can get to get a job and then I remember, "you got a master for your own business". Sometimes is just hard to keep your focus, specially because even though I want to have a business, I also have dream jobs.
Thank you Shane for your videos 👏🏻🤓 definitely very helpful ! Can you make a video about Translation and Interpretation (and best languages to translate to) ? Im thinking about majoring in it 😆
Why stats is so disliked: Stats MSc here I believe it comes in large part from the fact that loads of bachelor's have just a very basic stat course in the study plan. Usually, doing something superficially makes it feel devoid of meaning - which makes stats intro feel frustrating. All paired with widespread bad numeracy which makes the stat class be perceived as very hard even if it covers stuff you can surmount with sums, multiplications, and proportions. Perceived uselessness and disproportionate difficulty, for e.g. psychology students who have little to no math in all other courses and won't be "in the habit", spells a plausible scenario explaining stats' bad rep.
I'm about to start my bs in statistics Any advice or suggestions regarding the journey ahead like handling the learning curve and any good books, resources and online certifications you recommend taking on alongside pursuing this degree? How were you all able to choose your specialization was it random or did you do something to better understand what you preferred? Are there any statistics-related projects or competitions or research opportunities and challenges you recommend participating in to build practical skills? Are there any extracurricular activities or student organizations related to statistics that you recommend i can form because there aren't many available where i live. How did you find internships or research opportunities related to statistics during your undergraduate studies? Was it LinkedIn? Can you provide any networking advice or suggest conferences around the world or events where I can connect with professionals in the field? Thanks!
@@hoangthuytien5494 in my industry the salary starts at around 150k yearly at an average firm, and with bonus, good work, seniority, u can make half mil easily. Top firms maybe 1 million+ but rare
@@jackandrew5732 so there's different approaches. Stick to the basics in class, try some different industries and then pick. Throughout the bachelor, try some introductory mathematical analysis. If u like it, consider PhD or MS stats. If you don't, consider Master Applied Statistics. Take the courses on calculus based probability and calculus based statistics (known as either statistical inference or mathematical statistics). If these are great for u, consider any kind of grad school. Take a course where ur using R/Python/computer to do stats. If u like that and don't like the Calc or analysis heavy stuff, then maybe grad school isn't going to be fun for you. Take these courses by third year to get an idea. In the summers between, try to get internships in different field like sport analytics, actuarial science (take some actuarial exams if you want to, not a bad industry get into after stat bachelor's), some business intelligence, Quant finance, econometrics and maybe some tech/data science. Try these out and see what fields you like. Depending on that, you may choose to do a specific Masters program like maybe Quant Finance, PhD Machine Learning, maybe straight to becoming an actuary with or without grad school. There are many options, so step your foot into different things and see what u like😜
shane, would you make a video of statistical engineering please? And how it differs from other similar professions like statisticians, software engineers, computer scientists, etc? :)
I really wish your videos had been available when I was looking for a degree course but that was 1964(!). I took up Pharmacy and possibly experienced some of its best years but was never very happy in it. Incidentally; have you done a video on Pharmacy/ I can't find one on your site.
Shane, could you do a video comparing statistics vs computer science? In general terms and also in prsopects to pursue a career in data science please. Keep up thr good work!
I'm average at maths. Will STATS suit me? I like to combine it with sports (sports statistician ) but i don't know if i would excel at stats. Please help!!!
Hi, Shane. Please make a video on bachelors in bioinformatics and applied biosciences.I recently completed my A-levels and now I am having a very hard time in choosing my degree. Hope you are doing well. :)
Hi! I’m an Econ undergrad right now but I would like to study statistics in the future. Do you think it’s a wise chiude to already transfer to a data science undergrad?
Very uncanny as I'm about to start my masters in Stats this upcoming semester!! Hyped and scared at the same time. Really optimistic to where this will lead me
@@luketaylor5381 I know why you're asking and let me save you the suspense: if it wasn't math/stats, then yes, he will have a lot of preliminary classes to take. My advice would be to get stats UNDERGRAD and then sharpen the tip of the spear by getting a grad degree in something like finance. john le will be ok, but he will have to complete several classes of foundational work before proceeding to fulfill the grad-level requirements.
I really want a statistics degree, but none of the colleges near me offer bachelors in statistics, only math. can you get the same jobs with a bachelor in math?
I would say statistics, but only if you can become really good at Python programming and R programming, as well as SQL. If you are weak in programming, then I would say accounting. This video thinks you will be "crunching numbers on a spreadsheet." In fact you may never use a spreadsheet and you will need to develop your own algorithms instead.
When getting into the tech industry, which would be better: Information systems when you don’t like learning business, or statistics when you don’t have a minor in something program-related?
Hi, I'm a college sophomore majoring in mathematics, minoring in statistics. I think I'd like to end up with a career as data analyst or statistician, or something else along those lines. I'm considering applying for an integrated master's degree program next fall so I can receive a masters in applied statistics. If I do this, I would graduate in 5 years with a master's in statistics. Do you think this would be worthwhile or should I save the money and just graduate in 4 years with a bachelor's degree? Any advice or tips would be greatly appreciated.
Im finishing a psychology associates. But i think its a waste to go for the BS of psych. Because there no pay Do yall think psychology plus statistics degree work well together?
@1:30 i think it would have been worth taking the time to collect data and approximate the total number. seems like relevant information. yes i am aware of how i sound right now.
Hi, I'm new to this channel, can you make a video about materials engineering? I feel like it is being overshadowed by mainstream engineering fields and I wanted to pursue this field
I nailed our Statistics subject back in Senior High. (Albeit with a teacher's help) I also applied what I've learned in my high school research (that one where you use a formula to find a relationship between two variables.). Is Statistics for me?
Sir, I have choosen Statistics in Commerce can I work with Computer in at any job or should I study again Computer course 🖥️. I have tensed🥺😔 Reply Shane plzz
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is a software engineering degree worth it?
Can you do is industrial engineering worth it?
I'm a statistician (with master of science degree). Here are additional points.
1. YES statistics is DIFFICULT to achieve. Math courses are prerequisites and you add more concepts of statistics. It's really a challenging but rewarding degree.
2. Speaking of a rewarding degree, you get
- paid for freelance and consultation works
- paid for research works that leads to scientific results (say, biostatistics) and policy recommendations (say, economics/econometrics)
- some bragging rights.... while many people hate math, there are still numerous graduate degree takers and holders in the pure and applied sides, and statistics is even rarer.
3. The flexibility is also true. Applied Statistics is the single most used (and abused) field in STEM and Social Sciences as source "empirical evidence" to prove hypothesis.
4. Be it in academe or industry, statisticians are asked for collaborations in both short-term and long-term projects if data interpretations and modeling is needed.
5. You see beyond what the data tells you as it is intellectually challenging and satisfying - once you choose your field and applications (Biostatics, Econometrics, Survey Sampling, etc.), you should know current trends and findings about it as people around may ask your opinions about it specifically if you work in an academe.
6. Learning theoretical statistics is a huge boost: you can easily transition into data scientist and machine learning engineer through coding training or practice statistics in the industry or academe.
PS: Earning a pure statistics degree in masters level might be the most flexible degree you could get if you want to get a PhD in other fields (Biology, Environmental Sciences, Economics, Meteorology, Agriculture, Engineering, Public Health, Computer Studies, Psychology, and the list goes on) or in Statistics itself. In general, for as long as data and uncertainty exists, a statistician has a job and direction.
;)
Thanks for the info! Would you say there are lots of options to work from home with stats degree?
@@tparentful
Yes! It still depends on your interests ang opportunities where you can apply for.
I strongly suggest that a statistics graduate works in a full-time job and work from home then do some freelance consultancies.
Some jobs in the industry includes business processing and outsourcing, banking, and in other industries.
If you have a master's degree, you could also try academic works like teaching and/or funded research.
I'm interested in understanding your typical job duties, what is the actual job tasks include?
@Minda D
Short answer: No.
Details: statistics is versatile and frommy original post, it's rarer at least in our country. If you have a degree in statistics, you can choose working on the industry or work anywhere that deals with data until you discover your niche. On my end, I chose to stay in the academe. Collaboration, research, publishing journal articles, and teaching the proper applications of statistics are some of my interests.
It's likely because I have a master of science degree. I'm more in the pure than applied side although YOU GET PAID MORE IN THE APPLICATIONS 😁 salaries of those who are connected in the industry is far better than in the academe (like everybody knows). But i enjoy my job as a collegeinstructor, perks as research incentives, and freelancing for consultancies.
@@tparentful
Well, as a professor, I do teaching stuffs and other responsibilities that the job requires. A statistician still needs a day job.
But if you are already a "legend" in the field like those with doctorate and vast experiences and connections through long years of practice, you can already rely on consultations from organizations, public and private sector and enjoy so much vacant time. Still quite far from that level though. That's the great thing about statistics- you'll never run out of options or directions.
More on the context: when clients have consultations, i entertain their questions until their data is sent for analysis. My usual clients are physicians or those in the medical schools. It's more fun and higher paying to have professional clients. There, I said it.
In my vacant time, I write journal articles specifically in the methodology and results as it is my expertise. You see, in the academe, research output published in ISI or Scopus indexed journals gives you higher points for promotion. Good thing for a statistician, you can collaborate with so many faculty members ad long as they need statistics specifically higher levels of statistical modeling.
Then i go spend time with the family and have fun like cycling 😉 It may look like I'm very busy with these but it's the other way around. Statistics makes you earn beyond your day job in a short period through clients.
PS: freelance consultancies are easier of 1. You graduated from at least a master's degree and 2. You are connected in the academe (at least in our country)
As a senior high school student who just applied to colleges, I cannot tell you how helpful this channel has been! I decided to apply to colleges with business and data science majors because of you :)
Happy to help!
As someone who is about to finish his last semester do your research on professors before you take their class. Ask upper class students or look at ratemyprofessor. Good luck with college bro 👍🏾.
Yes rate my professors is super important to look at. Good luck!
how is the data science going w you? bc i was thinking abt it
please share ur experience
How’s it going?
Lol, why people think their job has such low meaning? Meaning of statisticians is insane, basically all health related science based on statistics. Not only health, btw, economic, social, etc. It's kinda weird
I'd imagine it comes from the financial/management areas, where the effects are a lot less direct. Buying a share/bond second-hand doesn't necessarily do a lot of direct good, nor does presenting a statistical report to clients.
Stats MSc here
I believe it comes in large part from the fact that loads of bachelor's have just a very basic stat course in the study plan. Usually, doing something superficially makes it feel devoid of meaning - which makes stats intro feel frustrating. All paired with widespread bad numeracy which makes the stat class be perceived as very hard even if it covers stuff you can surmount with sums, multiplications, and proportions.
Perceived uselessness and disproportionate difficulty, for e.g. psychology students who have little to no math in all other courses and won't be "in the habit", spells a plausible scenario explaining stats' bad rep.
I made the decision to go for a statistics degree when I finished high school. If I was 18 years old again, I would make the same choice 100%. I am glad I had the brain +luck to find something I am good at, which also opens many job opportunities
Hey I'm about to start collage, and I will be Majoring in statistics. I'm glad to hear that. so, what are you working on now? also, I'm not that good at Math what do you recommend me?
@@mekdeswondimagegn3563 I have worked in two jobs. One is publishing studies for national economic sectors and the other is in finance (predicting the stock market etc). But in general there are many other job opportunities for statisticians (for example biostatistics, demographics etc). Now, my advice for you is, look at the description of the courses you are going to attend,google them and start studying. Study math carefully, they are not very hard. Start watching yt videos about anything you dont understand. Download R (programming language) and start implementing code by following online tutorials. Mark my words, follow these tips from now and throughout your studies and you will be ahead of the pack.
@@giorgosmaragkopoulos9110 Thank you so much!
@@giorgosmaragkopoulos9110 is statistic degree better for banking sector?
@@flyingbanshee8592 In this sector, you will find risk / quantitative analyst jobs that require a strong background in statistics. If you combine it with some type of actuary related studies/ courses / MSc you are guaranteed to get a lucrative job there
I'm a healthcare statistician and I was very insecure abt this career because no one knew what was it about, but now I feel more relief to find this video
I’m a data scientist 👨🏻💻. The job is really intellectually satisfying. It’s not just crunching numbers. It’s a lot of customer engagement to determine business needs, and then developing models with those needs in mind. I do some of the cutting edge machine learning (what people call artificial intelligence). You do have to know more than statistics, including how to code very well. I didn’t have a statistics degree though. I had a biomedical engineering degree. You can get the job with any mathematical major.
Demand is high. Salaries starting out are high (120k plus is correct). It’s worth it if you love math, machine learning, etc.
Thanks for sharing your thought Trevor
Sir Iam very confused whether to take Bsc. MPCs or Bsc. MSCs. Can I become data scientist or data analyst soon after my degree graduation.
If not what to study after BSc. Course..
@@chinnu8840 You can definitely become a data scientist with a bachelors of science. Any computational discipline is good. What matters more is internships and side projects for when you apply to positions.
Hi sir, if I do not have knowledge of computer, how can I get an internship using just statistics knowledge?
hello, did the coding part stress you alot in college?? like studying for it was stressfull and pressuring ??
Statistics is amazing!! The fact that you can sample an entire population and find useful information from it is itself mind blowing
As someone who's considering doing a statistics or a Econ and stat degree, this was very much appreciated!
Ayyyyy same here
Same :D Good luck to you guys!
In india they dont offer both econ and stat degree, i am thinking of doing econ
@@dhruvshounak5516 do math and Econ or math and finance. Essentially the more math the better.
@@VocalBeast unfortunately there is no math and econ degree in India its either math or economics although economics inside has calculus level maths
I am personally someone that has always hated maths and have never been good at it. However, I have always been interested in research and enjoy reading graphs. This year i have been doing a statistics course unit at my university and am personally LOVING IT. I think you just need to be really passionate about research and finding answers, i find that the maths in statistics is very doable and relatively easy to pick up (After a few trial and errors haha!).
Are you taking an applied statistics course? and what kind of math are you working with?
@@heatherlardizabal1893 Yeh applied statistics
Lots of algebra and different kinds of formulas. Look up things like Pearson's correlation/regression, hypothesis testing, t-tests (all types), chi-squares and relative risk/odd ratios. These are the sorts of things i am working with.
Thanks for the confidence! :)
As someone studying Statistics and Computer Science, I would like to give my input:
1. You mention that a potential negative is a lot of number crunching, but I tend to disagree. Or at least, it depends on what you mean by number crunching. There's a huge variety of jobs, some of which you'll barely do any math in and you'll mainly be making PowerPoints (typically more managerial) and doing meetings, but then there are other jobs (Machine Learning Engineer) where your main job is to develop Statistical Models. Of course, in most you'll work with math, but keep in mind Computers can do most number calculations instantly, so a lot less than is spent number crunching than you might think. I think the most popular job is Data Science at the moment, and it's a bit more programming heavy and essentially finding data, cleaning it and then deciding what model to use and what insights could be valuable.
2. With me and a lot of my friends, we are neutral with Math, but LOVE statistics. I would highly encourage anyone thinking of it, to just try some Statistics. Especially some practical, real life problems. Math is like the fuel and Statistics is like the race car. You might like it more than you'd think. Especially, if you're an analytical thinker with an inquisitive mind. I started off with accounting and then quickly discovered that I like statistics ;).
3. It's difficult. Applied Statistics is much easier, but the more theoretical courses (which most Bachelors should have) in Mathematical Statistics are difficult. However, it's not impossible for most people I'd say. Just work hard and enjoy the learning process.
Hey, I was thinking of doing finance and statistics, but do u think a minor in applied stats is better/ cover similar layers of work?
@@tomthomas17 Hey man, if I understand your question correctly, it's essentially Statistics (applied) vs Mathematical Statistics.
There's a lot of debate regarding this question, some people believe the deeper understanding that comes from learning the proofs are vital and others believe it's a waste of time.
Having done both Applied and Mathematical Statistics, I'd say go for Applied and do maybe 1 or two Math Stats courses.
The further you go in theoretical statistics, the more you lose touch with reality and the application thereof, which at the end of the day, is the important part. It also gets way more difficult (although doable) and can get a bit demotivating if all you're doing is difficult proofs. However, I believe that some theoretical background is crucial to ensure that you're really aware of what you're doing and the underlying theory behind statistics. You shouldn't just be applying formulas.
From an employers point of view, I don't think most will care. At least where I'm from, it doesn't matter. Depends what you want do in Finance, but for the quantative fields a Masters degree is often required. Math/Comp Sci/Statistics (applied or theoretical) are all good for quantative finance positions and pretty much all of them are well respected. Depending on what you're interested in, CFA (Chartered Financial Analyst) could be important and relevant as well as FRM (Financial Risk Management - more quantative).
Hope this helps :)
@@Sebastian48532 thank you so much! I think I might stick with the minor in applied Stats and try learning the more theoretical parts on my own/ take a few extra classes on it. Thanks again! You explained it so much better than any advisor at my school! I’m not sure if you’d know the answer to this, but if I minor in applied stats would I be able to go ge a masters after? Or would I need a bachelors in stats beforehand. Sorry for all the questions and thanks!
@@tomthomas17 It's a pleasure man, happy to have helped! :)
It depends on the University, but I think you'd be able to.
With the whole Data Science thing at the moment, it's becoming really common for non-stats majors to do a Masters in Statistics. For example, at my University a lot of Computer Science majors end up doing a Statistics Master.
However, the crucial part is your Math background. Specifically, you need a solid foundation in Linear Algebra and Multivariable Calculus.
You also get different Statistics Masters, so you get a traditional, pure Statistics Master and then you get ones with more of a Financial Concentration. And of course, nowadays you also get a Data Science version, which contains more Computer Science courses.
I think, the Finance ones might be of interest for you. However, at the end of the day, they are all good and it doesn't really matter which one you pick. Even if later down the road, you decide you're not interested in Finance anymore, you can easily switch to a Data Science role.
Hope that helps :)
@@Sebastian48532 thank you so much! My university does make it a requirement to go through the calc series and take linear algebra before the minor, so I’m hoping that will lay a good foundation for hopefully a later possibility of a masters in stats. Thank you so much again!!
Don’t forget, stats has a lot of opportunity for contracting. I have a full time job but also two ongoing conracts that pay a lot per hour. So the salary can easily go up, especially if you are willing to work more than 40 hours a week
Thanks for your input on the video
@@worldwiderecords9220 Basically, you can work part time on other projects for companies and organisations. Typically, you work on a project and log your hours and t hen get paid hourly instead of a salary.
@@worldwiderecords9220 No. you get paid on contact.
Statisticians don't crunch numbers, that's what accountants are for
Personal opinion, I actually recommend going to university for pure mathematics and learning computer science on the side and taking statistics as a subject in grad school. You will have better foundation and clearer understanding, as well as be equipped with more tools. Also the pay nearly triples.
One of the most informative channels on YT.. Love your content as always ❤
Wow, thank you!
I did bio… then epidemiology… now stats/data science. It’s AWESOME
Major and degree was Economics with History, but along the way I took statistics. I remember telling myself how cool and potentially POWERFUL this science was. I tell all my friends to try and sell Stats to their kids as a major. As someone who's not strong in math, I would've 100% taken the Stats route if I could do it again.
I´m finishing my economics studies and Iwas insecure about wich path I should take, I was thinking on data science but my mathematics are not enough and I will have to compete with CS engineers and mathematicians, then, a friend suggested me to get a degree on statistics.
I was way better at Calculus than Intro Statistics, but I wish I was better at stats because it's so useful. As a CS major, calc is mostly useless, but stats is super valuable in several areas.
This is exactly my problem now, Algebra, Calculus, Geometry and Trigonometry are a breeze for me, but Statistics is so boring I can barely concentrate. I don't understand how it's harder than those topics for me... Scrolling through RUclips to make me appreciate it more.
@@iidentifyasaPSLGoddess calc is actually an integral part of stats, i had to take calc 1-3 and it's very important for a good chunk of the modules
I was so nervous that you were gonna talk about how being a stats major is not a good idea but I’m glad to hear I’ve made a good decision. I’m actually in a four year master program for Biostats so I’m saving 2 years worth of tuition and 2 years worth of time where I can be working and building my career. Good thing I picked a school that took all 32 of my AP credits. I just love statistics which makes me a huge nerd I know, but I always was good at math but wasn’t sure what I would do with it, and then when I took stats in high school and actually fell in love with it. I’m actually a math and stats tutor also at my university. As of now I’m hoping to be a data analyst for clinical trials, which with covid is in even more demand, but if that doesn’t work out my degree will still be a masters level statistics degree if I decide to not stay in the medical field.
Also I’m taking a stats in sports and a stats in the media class right now and they are so much fun. You mentioned marketing but not sports stats, which I know isn’t huge but that is another field people can get into
i love how the comment section is full of math nerds. I wanna become a statistician too. our passions align, I cant wait!
One thing I’ll say is statistics is by far the best minor you can get
for the future it would be amazing to interview some people with the respective degrees
yes. there will be programming. and honestly, even if there isn't a lot, the reality is, having knowledge of statistics is harder to come by, then learning something like Excel, VBA, Python, or R. All of that is there and will be updated by developers eventually, and when you decide to learn, it will be the latest version w/download; statistics has strong fundamentals & foundations associated with it that are harder to ingrain or 'wing'. I'd say, statistics >= cs.
Programming is not cs,statistic major (unless you double major or minor in cs ) you won't learn,data structure and algorithm,cryptography,computer forensics,computer organization,parallel computing,quantum computing and many more.
I received a Statistics minor to pair with a bachelor's in International Business... ultimately a very, very useful skillset that can be applied in all areas of life... HOWEVER... As a previous Business Analyst, I quickly discovered that crunching numbers all day sucked the soul out of me. Stats if very fun tho!
Lighting and editing is perfect here, man 👍🏽
This sounds amazing, hope My dreams direct me this way
That's great Carlos!
Overall ranking for Statistics is 8.625. What's the margin of error and confidence level? 😁
Put in an application for an Applied Stats graduate certificate just yesterday...
Whats the std and what was the Number of samples
Can you do a video about Data Science for a major? And how it differs from Statistics as a major? Great videos, thank you!
Great insights! You can also enter into a Machine Learning Engineer or Data Engineer which are two career paths that are growing well (but that can still fall under the SWE category).
Thanks for sharing that James! Cheers!
SWE?
@@Lazymath007_ Subdiscipline of SoftWare Engineering (SWE)
You know what's funny. I got my master degree because I wanted to improve my skills as a service provider (for my own online business), but, while I work towards building it, I need to have a job that pays the bills. The funny thing is, it's kind of difficult to find a job with my master (health and clinical psychology) and I came here to see what other masters I can get to get a job and then I remember, "you got a master for your own business".
Sometimes is just hard to keep your focus, specially because even though I want to have a business, I also have dream jobs.
I feel like I need a satistics degree looking at the RUclips Analytics
haha comes in handy.. don't it?
can you please do data science?? i would really appreciate it :) love your vids
Thank you Shane for your videos 👏🏻🤓 definitely very helpful !
Can you make a video about Translation and Interpretation (and best languages to translate to) ? Im thinking about majoring in it 😆
Thanks for watching. I'll keep your suggestion in mind. Cheers!
Why stats is so disliked: Stats MSc here
I believe it comes in large part from the fact that loads of bachelor's have just a very basic stat course in the study plan. Usually, doing something superficially makes it feel devoid of meaning - which makes stats intro feel frustrating. All paired with widespread bad numeracy which makes the stat class be perceived as very hard even if it covers stuff you can surmount with sums, multiplications, and proportions.
Perceived uselessness and disproportionate difficulty, for e.g. psychology students who have little to no math in all other courses and won't be "in the habit", spells a plausible scenario explaining stats' bad rep.
Very helpful video. Is there an updated version?
Man YOU ARE AMAZING !!
Thanks for Sharing
You Deserve Millions of Subscribers ♥
I'm about to start my bs in statistics
Any advice or suggestions regarding the journey ahead like handling the learning curve and any good books, resources and online certifications you recommend taking on alongside pursuing this degree?
How were you all able to choose your specialization was it random or did you do something to better understand what you preferred?
Are there any statistics-related projects or competitions or research opportunities and challenges you recommend participating in to build practical skills?
Are there any extracurricular activities or student organizations related to statistics that you recommend i can form because there aren't many available where i live.
How did you find internships or research opportunities related to statistics during your undergraduate studies? Was it LinkedIn?
Can you provide any networking advice or suggest conferences around the world or events where I can connect with professionals in the field?
Thanks!
😮 This is the only subject I've done really well in
Really liked it. Thank you!
I don't know why number crunching is a negative, some people might love it
Math is the most hated subject it’s real hug or miss
In my supply chain engineering course it was basically statistics and linear programming. I can see how someone can make a lot of money in this field.
Supply chain engineering?
@@Lazymath007_ basically planning and designing the chain of logistics, production, assets etc.
As a statistician, I literally never look at spreadsheets. We just use coding like Python or R or SAS.
What is your range of salary if you do not mind I asking?
@@hoangthuytien5494 in my industry the salary starts at around 150k yearly at an average firm, and with bonus, good work, seniority, u can make half mil easily. Top firms maybe 1 million+ but rare
@@Apuryois masters degree required or can you get into the industry with just a bachelors degree
@@jackandrew5732 so there's different approaches. Stick to the basics in class, try some different industries and then pick. Throughout the bachelor, try some introductory mathematical analysis. If u like it, consider PhD or MS stats. If you don't, consider Master Applied Statistics. Take the courses on calculus based probability and calculus based statistics (known as either statistical inference or mathematical statistics). If these are great for u, consider any kind of grad school. Take a course where ur using R/Python/computer to do stats. If u like that and don't like the Calc or analysis heavy stuff, then maybe grad school isn't going to be fun for you. Take these courses by third year to get an idea. In the summers between, try to get internships in different field like sport analytics, actuarial science (take some actuarial exams if you want to, not a bad industry get into after stat bachelor's), some business intelligence, Quant finance, econometrics and maybe some tech/data science. Try these out and see what fields you like. Depending on that, you may choose to do a specific Masters program like maybe Quant Finance, PhD Machine Learning, maybe straight to becoming an actuary with or without grad school. There are many options, so step your foot into different things and see what u like😜
I came across with this video while applying to masters program in Europe. Thanks a lot
shane, would you make a video of statistical engineering please? And how it differs from other similar professions like statisticians, software engineers, computer scientists, etc? :)
I really wish your videos had been available when I was looking for a degree course but that was 1964(!). I took up Pharmacy and possibly experienced some of its best years but was never very happy in it. Incidentally; have you done a video on Pharmacy/ I can't find one on your site.
Thank you so much ! You really made a video out of my question :)
can you also tell about applied mathematics as a major ???
Shane, could you do a video comparing statistics vs computer science? In general terms and also in prsopects to pursue a career in data science please. Keep up thr good work!
Thank you for the video.
I'm average at maths.
Will STATS suit me?
I like to combine it with sports (sports statistician ) but i don't know if i would excel at stats.
Please help!!!
Depends.. If you can commit your self to it
@@ShaneHummus same can be said for math. Right?
You can work in a bookmaker agency or you can work with a talent scout and analyse players stats.
I got a D in algebra 2 and an F in Trig in high school and I made it all the way to Calculus 3. If I can do it so can you.
Can you do Supply Chain Management please? 🙏🙏🙏
Super helpful content, thank you!
Let us know if a college degree is worth it 😎
Hi, Shane. Please make a video on bachelors in bioinformatics and applied biosciences.I recently completed my A-levels and now I am having a very hard time in choosing my degree. Hope you are doing well. :)
Noted Yasmeen
on my final year of computer science, how can i approach to data science/analyze?
Super helpful 👍👍
Love the videos man
Thanks Rahman
Hi! I’m an Econ undergrad right now but I would like to study statistics in the future. Do you think it’s a wise chiude to already transfer to a data science undergrad?
Very uncanny as I'm about to start my masters in Stats this upcoming semester!! Hyped and scared at the same time. Really optimistic to where this will lead me
Good luck John.. You got this
John Le out of curiosity what was your undergrad?
@@luketaylor5381 I know why you're asking and let me save you the suspense: if it wasn't math/stats, then yes, he will have a lot of preliminary classes to take. My advice would be to get stats UNDERGRAD and then sharpen the tip of the spear by getting a grad degree in something like finance. john le will be ok, but he will have to complete several classes of foundational work before proceeding to fulfill the grad-level requirements.
2 years later… how’s it been?
I love crunching numbers math is my passion
Thank you brother.
I really want a statistics degree, but none of the colleges near me offer bachelors in statistics, only math. can you get the same jobs with a bachelor in math?
Try additional online courses. 🤔
And then go for master in stats
That might be in my future videos. Stay tuned and hit the notification bell
Many math courses still have statistics in them. You honestly can get the same job woth both degrees, just make sure to plan it out
Now I student of static first year but maths is very difficult for me what can I do now
Hey man! Love all of your videos. Your videos are getting better and better.
Hey Sam, thanks!
Im split between accounting and statistics, I’ve enjoyed both classes at my high school. Does anyone have any recommendations?
I would say statistics, but only if you can become really good at Python programming and R programming, as well as SQL. If you are weak in programming, then I would say accounting. This video thinks you will be "crunching numbers on a spreadsheet." In fact you may never use a spreadsheet and you will need to develop your own algorithms instead.
Thanks you!
go for stats, it’s easier to go from stat to acct than the other way around
When the world collapses and everyone's books are empty, in a dystopian future, your knowledge of stats will prevail.
What website are you getting the data from
When getting into the tech industry, which would be better: Information systems when you don’t like learning business, or statistics when you don’t have a minor in something program-related?
hey shane can you do a supply chain degree video next can you tell me exacatly when this will come out thanks
Noted Ari.. Sometime in the future most probably
@@ShaneHummus Yes, please do a supply chain management video.
Hi, I'm a college sophomore majoring in mathematics, minoring in statistics. I think I'd like to end up with a career as data analyst or statistician, or something else along those lines. I'm considering applying for an integrated master's degree program next fall so I can receive a masters in applied statistics. If I do this, I would graduate in 5 years with a master's in statistics. Do you think this would be worthwhile or should I save the money and just graduate in 4 years with a bachelor's degree? Any advice or tips would be greatly appreciated.
He keeps switching between black tshirt and henley.
Im finishing a psychology associates. But i think its a waste to go for the BS of psych. Because there no pay
Do yall think psychology plus statistics degree work well together?
I'm very interested in math but I'm not good at it, because I don't study it haha
2:10 where i can find that web site?
and also thank you for the video
Welcome 😊
What kinda thought you have on biostatistics
I make sure I dont skip any of your videos even if I am already enrolled in my masters
@1:30 i think it would have been worth taking the time to collect data and approximate the total number. seems like relevant information. yes i am aware of how i sound right now.
I'm 33 is it worth it to get a degree in statistics because I like math
Any updates? I'm. thinking about getting masters in stats as well, but i'm not good in math
@@anastasia4001 not as yet just about to start on my bachelor's. A career change for me tbh
@@justinhepburn1972 did u continue it is it too hard .. what about business data analytics
Hi, I'm new to this channel, can you make a video about materials engineering? I feel like it is being overshadowed by mainstream engineering fields and I wanted to pursue this field
Hey could you please make a video about the international relations degree?
Noted on that
Currently studying Stats&Maths as a 3 year degree program, which masters can be more suitable for me?
in europe or america ?
Hi Shane, would it be possible to make a video on combined social science degrees like philosophy, politics, and economics or other combinations?
What other combined social science degrees are there?
Hey shane thanks for the video i would like to ask you to do a video on animation/game design if you can someday
Noted Roto.
Hey Shane ! Can you do a ''Is a Marketing degree worth it'' video ?
That's scheduled for next week
Hi what’s your opinion in tourism & hospitality management ? I’m new to college and is confused.
Is the US Bureau of Labor Statistics a report about the job market in US or everywhere too?
U.S
Can u please tell which website do you you use to show 'average salary' median salary' and job growth.
He is going to bls for his info.
@@charlesamofordjuoh9940 thanks
Is a stat degree and a actuarial science degree similar in terms of what you study and career options?
Can one use statistics degree to become an actuary ?
Yes
Can you do is a math degree worth it?
Stay tuned for that Alejandro
I nailed our Statistics subject back in Senior High. (Albeit with a teacher's help) I also applied what I've learned in my high school research (that one where you use a formula to find a relationship between two variables.).
Is Statistics for me?
I was kinda guilty nailing this subject at the cost of sacrificing our Pre-Calculus.
Can you review an aerospace engineering degree please, It has a high pay but low jobs, on the other hand, not a lot people have it.
can you become a statiscian with a business management degree?
So what i can choose bsc statistics or bsc economics??? I love both these with computer applications skills
Can you do is a masters degree worth it?
Noted Joshua. Stay tuned
bro, after statistics can I do AI engineering?
This major looks like a really good choice
I mean......of course
👌
Sir, I have choosen Statistics in Commerce can I work with Computer
in at any job or should I study again Computer course 🖥️. I have tensed🥺😔
Reply Shane plzz
But u can get alot of those jobs with just a statistics degree... software developer that's more along the lines of computer science
Re-watch the early part of the video, bearing in mind that computers are designed to compute (i.e. crunch numbers).