What are the job responsibilities of a Statistical Analyst? What does an individual in this position get paid in New Jersey?
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Engage in the development of mathematical theory or apply statistical theory and methods to collect, organize, interpret, and summarize numerical data to provide usable information. May specialize in fields, such as bio-statistics, agricultural statistics, business statistics, economic statistics, or other fields. Include mathematical statisticians.
In New Jersey, the midpoint of salaries reported for the position (50th percentile) is $93,171. The 75th percentile (the rate below which 75% of salary data falls) is $112,760. The 25th percentile (the rate below which 25% of the data falls) is $72,706.
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How much should you pay a Statistical Analyst?
Compensation.BLR.com, a leading provider of compensation data, scores this job as exempt (not entitled to overtime). According to Compensation.BLR.com's rate ranges, grade 36 has a minimum of $57,957. The midpoint is $77,279, and the maximum is $96,601.
How much should an employer be paying a Statistical Analyst in New Jersey? It depends on many factors, but the most important are the experience and skills of the employee or applicant. Answer these questions: How much experience does he or she have? How highly skilled is he or she? Then, use the table below. Interpolate as necessary.
| Applicant's Skills and Experience |
|---|
| | Beginner | Competent | Expert |
|---|
| Salary Survey | | | |
| National | $50,590 | $72,820 | $95,740 |
| New Jersey | $72,706 | $93,171 | $112,760 |
| | | | |
| Rate Range (Grade 36) | | | |
National | $57,957 | $77,279 | $96,601 | | New Jersey | $67,624 | $90,169 | $112,713 |