Arcane statistical analysis, the business of making sense of our growing data mountains, has become high tech’s hottest calling.
That’s the New York Times. Further:
At North Carolina State, an advanced analytics program lasting 10 months has, since its founding in 2006, placed over 90 percent of its students annually. The average graduate’s starting salary for an entry-level job is $73,000. Its current class of 40 students had 185 applicants, and next year’s applications are already twice that. In 2009, Harvard awarded four undergraduate degrees in statistics. Two graduates went into finance, one to political polling and one became a substitute teacher. There were nine graduates in 2010, 13 last year. They headed into Google, biosciences and Wall Street, as well as Stanford’s literature department. Globally, LinkedIn recently found that from 2009 to 2011 the new jobs with titles related to “analytics” and “data science” grew by 53 percent.
Stanford’s Department of Statistics, both renowned and near so many Internet and bioscience companies, is at the center of the boom. It received 800 résumés for next year’s 60 graduate positions, twice the number of applications it had three years ago. Graduates head to business school at a starting salary of $150,000 or more, or to Facebook for about $130,000.
As most actuaries would agree: There’s money in the numbers.
(Via Flowing Data.)