Hi all,i am asking this on behalf on my cousin who is currently pursuing a degree in statistic in UUM.
Can i know what job would she likely be in to at the future and how about the salary she will be getting?
(i asked this cause she said what she studying now won't get high pay?)
Thanks

This post has been edited by starz92: Apr 2 2010, 07:36 PM

she will get high pay working in investment bank.

This post has been edited by IEE: Apr 2 2010, 11:13 AM

Isn't statistics just a general degree? Why would investment banks hire staticians?

She can work for insurance company - pay will be quite high.

For statistician, you can try investment banking but the pay is so so compared if you're a broker or an investment analyst. For insurance its the same, they pay higher for someone specialising in actuarial science. Statistic on itself is just so - so, its the business skills, sales and marketing experience than will get you into the big money. We use statisticians on oil and gas as well, but to do economic modelling he / she must be good in business economics modelling. So it depends on the industry, the business exposure and you cousins aptituted and character. If just want to count don't want to do business modelling and business presentation... cukup makan only la.

This post has been edited by Tfazuin: Apr 2 2010, 02:30 PM

so how much would a fresh graduates usually get?
My cousin seems to have lost interest in study since she get into UUM and get statistic course.

This post has been edited by starz92: Apr 2 2010, 07:36 PM

Again that depends on the industry, for banking you go through the normal Management Trainee course and you get paid RM2.5 - 3.5K depending on bank, if tobacco industry MT gets RM3.5K easy but no everyone wants to be associated to the tobacco industry (my dad was from there and they pay as good as the oil indusrty that I'm in) For oil and gas, it's the same as banks in the beginning but with better career progression if you're a stellar performer. However OnG does direct recruitment from the Uni for entry level post. They seldom advertise.

do u know which local uni/college offer statistic? i've tried search those common college/uni, it seems dun have..

other i not so sure, but ukm and upm is listed however.. since i'm from statistics, ukm

it seems like UUM did offer?have you check with UUM? cause my cousin is in UUM now

mm.. wat about college or private uni? cuz i didn take stpm.. i dun think i'm qualified to study local uni rite?

not too sure then.try stamford?

My dept QE has a PhD in Statistic.

What is QE? Quality Engineer?

The course is designed specifically to prepare the students to be in either manufacturing or logistics sectors. Most graduates are now working in manufacturing sector especially in quality control and process engineering department. In service sector like finance and banking, having a degree in statistics is an advantage. The financial knowledge can be obtained through job experience. Even if she wanna further study in CFA, she will have no problem in handling the quantitative part. What matters most is her attitude. Hard work pays.

I think statisticians are quite in demand in the finance sector, especially financial modelling or actuarial science. Statistician can even branch out to Operational Research. At the end of the day it depends on individuals and how she carries herself. So finding a high paying job shouldn't be much of a problem IF she knows what she wants to do. However if she just want a job that pays the highest without knowing what she wants... that might be a problem

if she knows SAS stats tools....her market even higher Good line i shd say..

how about she is in statistic industry? Is it a wide difference compared to normal statistic?

It's an applied stat rather than pure stat i suppose. Something like finance and accountancy. It's a combination of stat and operation management.

my fren graduate from US uni on statistic but end up as HR Exec oni...
so dont expect that ppls will straight away higher u to be their analyst or whatsoever post similar to ur qualification...