In 2013/14, 89% of undergraduate leavers and 81% of postgraduate leavers from the Department of Statistics were in employment, completing further study or taking time out just six months after graduation.
Students in the Department of Statistics will develop many employable skills, which can be applied to work in a wide variety of job sectors. For example, many large commercial and industrial companies employ statisticians. Statistical work is also important for the Civil Service, the health service and numerous research councils and consultancies. In addition statistics graduates may find work in banking, accounting and other financial services, insurance and pensions, education or social research. The most common sectors for LSE graduates include:
The average starting salary of graduates from the Statistics department in 2013/14 was £23,800 for undergraduates, and £24,700 for postgraduates.
To find out more about LSE graduate destinations by specific Statistics degree programmes, see graduate destinations by course.
View Department of Statistics graduate profiles.
The department has an international reputation for development of statistical methodology and emphasis is given to areas with practical applications in commerce, insurance, finance and government.
For example, the MSc in Risk and Stochastics provides high-level training in probability theory and statistics for random processes with applications in the areas of insurance and finance and their interface.
Specific skills gained from studying Statistics at LSE include:
Strong mathematical and finance skills
Ability to extract core information and excellent communication skills to explain appropriate strategies
Understanding of business processes
Abstraction and analysis - simplifying complex issues while retaining relevance
Thinking strategically by identifying critical issues
Communication skills - expression and transmission of knowledge and ideas to others
Action planning - organising your own time effectively, monitoring and evaluating progress
Leadership - supervising, guiding, directing individuals or groups in the completion of tasks and goals
Flexibility - being of adaptable mind to adapting to change