19 jobs that use statistics (Plus duties and salaries)

By Indeed Editorial Team

Updated 5 July 2022 | Published 7 December 2021

Updated 5 July 2022

Published 7 December 2021

Statisticians combine a love of maths with proficiency in computers to collect and interpret data for a multitude of purposes. There are many career choices for statisticians in a wide range of industries. If you enjoy working with numbers and analysing data, we can help you to find your ideal job. In this article, we define statistics and explore the various jobs that use statistics.

Jobs that use statistics

There are jobs that use statistics that offer employment from entry-level right through to senior-level positions. Knowing what jobs are available and what they entail can help you decide on your career path. Here we discuss 19 of these jobs, their average salaries and their primary duties:

1. Actuary

National average salary: £67,055 per year

Primary duties: Actuaries apply their statistical knowledge to assess financial risk for a company. This is particularly relevant to the insurance industry. They also help clients to develop management strategies and policies.

Related: How to become an actuary

2. Biostatistician

National average salary: £50,417 per year

Primary duties: Biostatisticians employ their mathematical skills and data knowledge in the biology sector. They gather, analyse and evaluate data regarding living organisms and use their medical research studies to draw conclusions. They may also collaborate with scientists and other statisticians in the design and implementation of research studies.

3. Brand optimisation analyst

National average salary: £34,764 per year

Primary duties: Brand optimisation analysts research market data to identify and analyse trends. This enables them to create strategies to help organisations optimise their sales and advertising activities. They often suggest changes to existing procedures to help clients achieve their business goals.

4. Business analyst

National average salary: £42,336 per year

Primary duties: Business analysts collect and analyse financial data to identify any problems and work out solutions for businesses. Based on this data, they create new business models and, in collaboration with the IT and finance teams, develop strategies to help the business improve efficiencies, boost productivity and increase profits. Their duties also include planning, forecasting and financial reporting.

Related: 9 essential business analyst skills

5. Data analyst

National average salary: £32,035 per year

Primary duties: Data analysts use statistical methods to gather and interpret data. They also identify trends and patterns in a data set. They report their findings to their clients, which helps them to determine or anticipate their business requirements.

Related: How to become a data analyst

6. Data scientist

National average salary: £49,642 per year

Primary duties: Data scientists examine data and study trends. This helps them predict the next technology, practice or activity that is likely to become popular or successful in the near future. They analyse data and study industry trends to help clients make decisions about launching new products or services.

7. Director of analytics

National average salary: £41,324 per year

Primary duties: A director of analytics leads the analytics team and oversees the team's activities. They're responsible for the accuracy and quality of the team's analyses and reports. They direct the development, management and integration of data analytics and business intelligence to support their client's company strategies and help them achieve their goals.

8. Geneticist

National average salary: £31,595 per year

Primary duties: Genetics is a branch of biology that focuses on how genes work and how they influence physical and behavioural characteristics. Geneticists collect and analyse genetic data to help them understand how genes work. They also try to identify the variations that can result in a range of genetic conditions and medical complications.

Related: How to become a geneticist in 4 steps

9. Investment analyst

National average salary: £44,717 per year

Primary duties: An investment analyst examines and interprets a company's financial data, studies economic trends and evaluates potential investment opportunities. They generate detailed reports on their research and analyses for their clients. They also study how world events, such as natural disasters or election results, can impact a company's financial performance.

Related: How to become an investment analyst (with steps and skills)

10. Machine learning engineer

N**ational average salary:** £57,610 per year

Primary duties: Machine learning engineers use their data analytics and software engineering skills to create self-running software that requires no direct instructions. They assess and analyse data to design and create artificial intelligence (AI) algorithms that are capable of learning and performing certain tasks automatically and often autonomously. The software they develop is used in many applications, including self-driving cars and buses.

11. Market analyst

National average salary: £34,274 per year

Primary duties: A company employs a market analyst to study market trends and consumer buying behaviour. They also research competitors' products and services. This research enables them to advise their clients in terms of what products to sell, what services to provide and at what price.

12. Market researcher

National average salary: £26,535 per year

Primary duties: Market researchers examine market activity and trends and then collect and analyse that data. They also analyse published data and statistics and collate survey data. They present their findings to their clients to help them make informed decisions about their products and services, and often their strategies and future research projects.

13. Mathematician

National average salary: £32,525 per year

Primary duties: Mathematicians collect and analyse industry data. They apply maths theory, computer technology and algorithms to resolve problems for the scientific, engineering and economic sectors. They also use applied maths to solve practical problems for businesses. Mathematicians can also work in the academic sector as teachers. They often conduct research, either alone or in collaboration with other mathematicians.

Related: How to become a maths teacher

14. Meteorologist

National average salary: £35,836 per year

Primary duties: Meteorologists apply their research and observational skills to study the elements that create our weather conditions. They observe the physical condition of the earth's atmosphere and study maps, satellite data, radar information and data from remote sensors. This helps them to forecast local, regional, national and often global weather patterns and predict events like hurricanes. One area of their research that's of global importance is climate change and its impact on human and animal populations.

Related: How to become a meteorologist

15. Operations analyst

National average salary: £31,614 per year

Primary duties: Operations analysts identify flaws in a company's business model and its operation. They conduct research, evaluate workflows, examine business procedures and make recommendations to help the company optimise its operations. They also ensure that companies maintain compliance with various industry standards, best practices and regulatory requirements.

16. Quantitative analyst

National average salary: £78,857 per year

Primary duties: Quantitative analysts develop mathematical models and strategies by studying risk management and investments. Their findings help financial institutions make informed decisions about risk management, pricing and investments. The analyst's objective is to help their clients reduce risk and maximise profits.

Related: What is quantitative analysis? (With definitions and examples)

17. Research analyst

National average salary: £31,105 per year

Primary duties: Research analysts study business data and competitors' activities before analysing their findings. They also create user surveys and collate the responses for analysis. Their aim is to help a company improve its operation. The analysts advise stakeholders regarding their findings and conduct meetings with clients and vendors to evaluate business procedures.

18. Royalty calculations analyst

National average salary: £34,764 per year

Primary duties: A royalty calculations analyst secures employment mainly in the entertainment or publishing sectors. They design and monitor royalty licence agreements and contracts, calculate royalty payments and compile payment statements. The job requires strong negotiating skills and a comprehensive understanding of auditing and tax compliance.

19. Statistician

National average salary: £42,887 per year

Primary duties: Statisticians use mathematical techniques to analyse data by calculating averages, detecting trends and evaluating data reliability. They collect and analyse the data and produce reports on their findings. These reports can be written or verbal presentations, and often include graphs and charts to help illustrate the information.

What is statistics?

Statistics is the practice of collecting, analysing and manipulating numerical data, translating it into a mathematical form and presenting it in a way that enables people to reach reliable conclusions. Statistics help companies and organisations make informed decisions. Statistics are used in industries ranging from agriculture to zoology. Below is a list of some of these industries:

  • astronomy

  • biology, chemistry and physics

  • computer science

  • ecology and forestry

  • economics and finance

  • engineering and manufacturing

  • genetics

  • government and political science

  • health and safety

  • insurance

  • law

  • sales and marketing

  • sociology

  • transportation

Salary figures reflect data listed on Indeed Salaries at the time of writing. Salaries may vary depending on the hiring organisation and the candidate's experience, academic background and location.

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