How Bachelor of Business Statistics would be a boon for your career?

How Bachelor of Business Statistics would be a boon for your career?

In this complex world of business and economy, the ability to analyze a vast amount of data, comprehend the macro scenario and be able to present an educated solution based on the analyzed data, is becoming a vastly indispensable talent for a wide range of businesses and for formulating government policies.

Professional with the ability to perform these tasks is called a statistician. A Statistician must be able to apply Statistical or mathematical theories and methods to collate, organize, comprehend, interpret and provide usable information from the numerical data. They are able to interpret vast aggregate data that might not be understood from ordinary observation. Studying bachelors in business statistics will enable and empower you to enter into this field. Business institutes in Uganda understand the importance of this role and offer degrees in bachelors of business statistics as well as masters programme.

This skill set is not only restricted to bureaucratic policy formulation, but it is also critically needed to solve unprecedented problems at all businesses at top-level. One could specialize in fields such as bio-statistics, agricultural statistics, business statistics, economic statistics, and healthcare statistics. 

It is a highly analytical field, students and learners who are adept with numbers, and are keen to discover new facts and would like to challenge existing assumptions will find the role of a statistician highly rewarding and challenging.

A Statistician’s career path

A basic foundational understanding of the various mathematical and statistical principles, theories, techniques and analytical skills can be obtained through the bachelors in business statistics. This degree will help you to get entry-level jobs as a Statistician in various business verticals. They are instrumental in identifying numerical trends in a plethora of fields and are able to understand social and economic phenomenon affecting the vast populace.

One of the higher employers of statistician jobs is the government of Uganda. You could be working in the Uganda Bureau of Statistics (UBOS) as a government statistician. You will have the responsibility to collect and analyze data relevant to matters of public policy – unemployment rates indicative of the health of the economy, quality of drinking water by analyzing pesticides levels, ascertain the population of endangered species, pollution rates reflective of the natural environmental impacts. At national defense agencies, statisticians are utilized to analyze the outcomes of defense strategies.

Apart from the government, other industries that require statisticians include the scientific research and development industry, insurance activities, the healthcare industry.

The degree of bachelors of business statistics can also garner you the post of biostatistician – in the healthcare field. You would be working in a hospital, medical clinics, pharmaceutical companies etc. As a biostatistician, you would conduct a variety of work analyzing data in the field of biology, healthcare and medicine. Your analysis could help the medical community to understand the factors and reasons that are causing diseases in society and also bring to light the intricacies of existing treatment methods.

A Day in the life of a statistician

A typical day in the life of a statistician would require them to perform the following tasks. These tasks encompass activities that relate to collation, organization, interpretation and prediction of data. 

  1. They need to identify the trends in the vast data and other factors that could affect the results of the research.
  2. Statistical methods need to be adapted to solve problems focused on individual fields like biology, engineering, and economics. Same methods cannot be used for all fields.
  3. Raw data obtained needs to check for inaccuracies, organized in order to process it.
  4. All statistical analyses results need to be reported in a coherent and easily understandable manner utilizing various visuals aids.
  5. They would need to use a complex system on the computer to process huge amounts of data for statistical modeling and graphical analysis.
  6. They need to develop a deeper understanding of the fields in which they are trying to apply the statistical methods to gauge whether the methods are best suited to that field.
  7. They would need to apply sampling techniques to define groups to be surveyed for the collection of data.
  8. They need to design surveys, questionnaires, experiments, opinion polls to collect the necessary range of data.

How to become a business statistician?

A bachelor’s degree in business statistics will help you to land an entry-level job in any of the discussed fields. Many universities in Uganda offer degrees in economics and statistics at bachelors and masters level. One of the best private universities in Uganda to pursue education to take on the role of a statistician is Cavendish University Uganda. 

They offer the bachelors in business statistics and economics, both on campus and on also via distance education. It is an intensive three years program that will equip you with critical problem-solving skills, analytical skills. It will be gone with the right attitudes to interact with an increasing complex global environment. 

Cavendish University’s vision is to ensure that the learners become responsible, educated, employable and entrepreneurial citizens.