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Statistics are used in many careers, such as accountancy, actuary, air traffic research and development, analyst programmer, automobile industry process leader, aviation development, banking, business analyst, computer programmer, engineering, credit analyst, environmental control, financial management, games software developer, health information scientist, information technology, insurance investment management, market research, medical statistician, operations management, pharmaceutical research, quality assurance, railway management, risk analyst, scientific programmer, software developer, stress engineer, systems analyst, teacher, telecommunications, valuation surveyor and many more.
The main fields in which research is undertaken in the Department are Financial Statistics and Industrial Statistics. The applications are primarily in finance and in industrial quality control. The research in finance involves the study risk and financial instruments.