Think You Want to Major in Statistics? START HERE

The Analyst Hour
28 Aug 202206:44
EducationalLearning
32 Likes 10 Comments

TLDRThe speaker shares their journey from a nursing major to discovering their passion for statistics and ultimately choosing a career path in applied statistics with a focus on information systems. They emphasize the importance of exploring various interests through college courses to find the right fit and highlight the value of statistical knowledge in today's data-driven world, encouraging others to consider how their interests can translate into a fulfilling career.

Takeaways
  • ๐ŸŽ“ The speaker initially pursued nursing but found it wasn't the right fit due to the challenges and stressful conditions of the profession.
  • ๐Ÿšถ The speaker then switched to information systems management, intrigued by the potential of working with technology and computers.
  • ๐Ÿ’ก Despite enjoying the MIS classes, the speaker felt there was more to explore and pursued math, discovering a newfound love for calculus.
  • ๐Ÿ“ˆ A shift to statistics occurred after realizing the potential of using statistical skills in various career paths, including actuarial science.
  • ๐Ÿ“š The speaker found actuarial science classes boring and instead enjoyed the predictive modeling and analysis aspects of statistics more.
  • ๐Ÿ”„ The speaker's major evolved from math to statistics with a focus on actuarial science, and finally settled on applied statistics with an information systems focus.
  • ๐Ÿ’ป Gaining practical skills such as R, Python, data analysis, data science, and machine learning was highlighted as valuable for the job market.
  • ๐Ÿš€ The speaker's journey led to an extended internship and a potential job offer, emphasizing the importance of choosing a major that aligns with career aspirations.
  • ๐ŸŒŸ The speaker encourages students to explore various courses to find their passion and consider how the skills learned can be applied in the future.
  • ๐Ÿ’ญ It's advised not to major solely in something you enjoy if it doesn't align with your career goals to prevent the loss of enjoyment in that activity.
  • ๐Ÿ”— The speaker invites those interested in statistics to join their Discord community for further discussion and support.
Q & A
  • What was the speaker's initial college major and why did they choose it?

    -The speaker initially majored in nursing because it was a suggestion from their parents and they believed it could be lucrative, despite not having a strong personal interest in the field.

  • What challenges in nursing did the speaker learn about that led to a change in career path?

    -The speaker learned about the long hours and stressful working conditions nurses face, which made them reconsider their choice of major.

  • How did the speaker's interest in information systems management arise?

    -After realizing nursing wasn't the right fit, the speaker followed their gut feeling and chose information systems management because they found an MIS class interesting and enjoyed working with technology and computers.

  • What subject did the speaker discover a love for after taking a required course for their major?

    -The speaker discovered a love for math after taking Calc 1 as a requirement for their information systems management major.

  • Why did the speaker switch from a math major to statistics with a focus on actuarial science?

    -The speaker switched because there were limited classes geared towards becoming an actuary at their campus, and they found statistics more appealing as it allowed them to use their math skills in a different context.

  • What was the speaker's initial impression of their first actuarial science class?

    -The speaker found their first actuarial science class to be the most boring class they had ever taken, which led them to reconsider their focus area.

  • What aspects of statistics did the speaker enjoy the most?

    -The speaker enjoyed learning how to fit regression models, perform ANOVA tests, and predict the future based on past data, which they found exciting and likened to feeling like a wizard.

  • How did the speaker's major evolve to its final form?

    -The speaker's major evolved from nursing to information systems management, then to math with a focus on actuarial science, and finally settled on applied statistics with a focus on information systems.

  • What advice does the speaker give to those who are unsure about their major?

    -The speaker advises students to pursue a general interest, explore various courses, and take them seriously while considering their future applications. They also suggest not majoring in something just because it's enjoyable if it doesn't align with their career goals.

  • What valuable skills did the speaker acquire during their studies that are applicable to the job market?

    -The speaker acquired skills in R, Python, data analysis, data science, machine learning, working with Excel, and Tableau, which are all highly valuable in the current job market.

  • How did the speaker's educational journey conclude in terms of career opportunities?

    -The speaker's journey concluded positively with a great internship that was extended through their last semester of school, and there's a possibility of a job offer, demonstrating the practical application of their statistics degree.

Outlines
00:00
๐ŸŽ“ Journey to Becoming a Statistics Major

The speaker begins by sharing their personal journey of choosing a major in college. Initially a nursing major, they switched to information systems management after realizing nursing wasn't the right fit. Despite enjoying the tech aspect, they still felt something was missing. They discovered a love for math during a calculus class and decided to become a math major, with aspirations of becoming an actuary. However, due to limited actuarial classes, they chose statistics with a focus on actuarial science. The first actuarial class was disappointing, but they found joy in learning statistical methods and predicting future outcomes from data. This led to a final major switch to applied statistics with a focus on information systems, where they learned valuable skills like R, Python, data analysis, and machine learning, which they believe will be highly beneficial in their future career.

05:01
๐Ÿ“Š Embracing Statistics and its Career Opportunities

The speaker discusses how their passion for statistics has opened up various career opportunities. They emphasize the importance of not solely focusing on statistics after work and school, using their YouTube channel as an example of how they continue to share their knowledge. The speaker highlights the value of learning new technologies and how skills like R, Python, data analysis, and machine learning are highly marketable. They explain the significance of data-driven decisions in companies and the role of data scientists and analysts behind these decisions. The speaker concludes with their positive experience of securing an internship and the potential of a job offer, encouraging others to seek advice and connect with them and other statistics enthusiasts through a provided Discord link.

Mindmap
Keywords
๐Ÿ’กStatistics major
A statistics major refers to a student's chosen academic focus on the science of collecting, analyzing, interpreting, and presenting data. In the context of the video, the speaker shares their journey of deciding to become a statistics major after exploring various fields of study. This choice was influenced by their newfound appreciation for math and the practical applications of statistical analysis in diverse fields.
๐Ÿ’กCareer exploration
Career exploration refers to the process of evaluating different career options to determine the best fit based on one's interests, skills, and values. In the video, the speaker's career exploration is highlighted through their experiences with nursing, information systems, and actuarial science before settling on a statistics major. This journey illustrates the importance of self-discovery and flexibility in choosing a career path.
๐Ÿ’กActuarial science
Actuarial science is a discipline that applies mathematical and statistical methods to assess risk in insurance and finance. The speaker considered a career in actuarial science after being advised by a high school math teacher, but found the actual classes to be uninteresting. This realization steered them towards statistics with a focus on actuarial science, which allowed for a broader application of their mathematical interests.
๐Ÿ’กInformation systems
Information systems refer to the study of complementary networks that collect, process, filter, and distribute data. In the video, the speaker briefly majored in information systems management, which involved taking a class in management information systems (MIS). This experience introduced them to the intersection of technology and data management, which later influenced their decision to pursue a major in applied statistics with a focus on information systems.
๐Ÿ’กData analysis
Data analysis is the process of inspecting, cleaning, transforming, and modeling data to extract useful information, draw conclusions, and support decision-making. The speaker's fascination with data analysis is evident in their enjoyment of fitting regression models and conducting ANOVA tests, which are statistical methods used to analyze data and predict outcomes based on historical information.
๐Ÿ’กRegression models
Regression models are statistical tools used to understand the relationship between variables, often to predict the outcome of one variable based on the values of others. In the video, the speaker's interest in regression models is part of their broader appreciation for statistics, as it allows them to analyze data and make predictions, which they find exciting.
๐Ÿ’กANOVA tests
ANOVA (Analysis of Variance) tests are statistical methods used to compare the means of more than two groups to determine if there are any significant differences between them. The speaker's reference to ANOVA tests illustrates their engagement with advanced statistical techniques during their academic journey, which was a key factor in their decision to pursue a statistics major.
๐Ÿ’กPredictive modeling
Predictive modeling involves the use of statistical algorithms and machine learning techniques to analyze current and historical data and predict future outcomes. The speaker's excitement about being able to 'predict the future based on past data' reflects their interest in predictive modeling, a key application of statistical knowledge.
๐Ÿ’กData-driven decision-making
Data-driven decision-making is the process of making choices based on the analysis of data and statistical evidence, rather than relying solely on intuition or anecdotal information. The video emphasizes the importance of this approach in the business world, where data scientists and analysts use statistical models to guide strategic decisions.
๐Ÿ’กJob market
The job market refers to the availability of jobs and the demand for labor in a particular field or industry. In the context of the video, the speaker highlights the value of having a statistics degree and related skills like data analysis, which are in high demand in the job market, making them more employable and likely to secure well-paying positions.
๐Ÿ’กApplied statistics
Applied statistics involves the practical use of statistical methods to solve real-world problems. The speaker chose applied statistics as their major after realizing their passion for using statistical techniques to analyze data and make predictions. This field allows for the application of statistical knowledge in various areas, from business to technology.
Highlights

The speaker began college as a nursing major but found it wasn't the right fit due to the challenges and stressful conditions of the nursing profession.

After realizing nursing wasn't suitable, the speaker switched to information systems management, intrigued by the potential of working with technology.

Despite enjoying the information systems management courses, the speaker felt there was something more they were looking for in their career path.

The speaker discovered a love for math after taking Calc 1 as a requirement for the information systems major, which was a surprising revelation.

The decision to major in math with a focus on actuarial science was influenced by a high school math teacher's advice.

The lack of actuarial science classes at the speaker's campus led them to consider statistics as an alternative, with a focus on actuarial science.

The speaker's first actuarial class was extremely boring, leading them to question their choice of focus within statistics.

The speaker found that they enjoyed the statistical aspects of the coursework much more than the actuarial science focus.

The ability to predict the future based on past data through statistical analysis was particularly fascinating to the speaker.

The speaker switched their major to applied statistics, with a focus on information systems, to align with their newfound passion for working with data and technology.

The speaker emphasizes the importance of choosing a major based on a general interest and gaining a broad knowledge through various courses.

The speaker warns against majoring in something purely because of enjoyment if it doesn't align with one's career goals, as it could diminish the pleasure derived from the activity.

The speaker's experience with statistics has led to internships and job opportunities, showcasing the practical applications of the field.

Skills like R, Python, data analysis, data science, and machine learning, which the speaker acquired through their studies, are highly valuable in the job market.

The speaker's journey illustrates the importance of data-driven decision-making in companies and the role of statisticians and data analysts behind the scenes.

The speaker's story ends positively with a successful internship and the potential for a job offer, demonstrating the benefits of finding the right career path.

The speaker encourages others to reach out for advice and join their Discord community for support and guidance in their own educational and career paths.

Transcripts
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