Statistical analysts often present their findings in the form of tables, graphs, and diagrams.
To become a statistical analyst, a person must have strong mathematical and analytical skills. Anyone who wants to be a statistical analyst must have at least a bachelor’s degree in mathematics, computer science, statistics, or quantitative finance. In general, a statistical analyst job requires the candidate to have several years of experience in a data-intensive environment and to be familiar with popular statistical analysis software packages.
Statistical analysts will need to have excellent interpersonal skills, as the position involves explaining extremely technical information to non-technical colleagues.
Becoming a statistical analyst is very competitive. Many candidates enter this career area after several years of experience as statisticians. While a bachelor’s degree is required, to increase your chances of being hired, many candidates will first earn a master’s degree before looking for a job. For those looking to become statistical analysts in the financial industry, candidates will often need to have a master’s degree in quantitative finance or even a Ph.D. in mathematics.
Statistical analysts will need to have excellent interpersonal skills, as the position involves explaining extremely technical information to non-technical colleagues. Those who want to be statistical analysts will also need to be well versed in programming statistical software applications. This form of software allows the analyst to manipulate data and perform various forms of analysis. The results of the analysis can be used to help companies with business planning and revenue forecasting, as well as project management and quality control.
A person who wants to become a statistical analyst must be able to collect, organize, analyze, and present statistical data in ways that produce useful information. Statistical analysts often present the results of their findings in the form of tables, graphs, and charts to provide a visual representation of the material. In addition to analyzing statistical data, anyone who wants to become a statistical analyst will need to be able to present their findings to a wide variety of people, as well as be able to defend and justify the findings.
The work of a statistical analyst is extremely important for the profitability of any company, as real-time data serves as the foundation for any company. Many companies use the information provided by the statistical analyst to make critical business decisions that can have unintended or negative effects if the information provided is incorrect. Therefore, anyone who wants to become a statistical analyst must be diligent in producing accurate statistical data that can be used to create new business strategies.