I’m in a tough situation (not a bad one, but it’s a tough decision). I want to do something like Nate Silver, the guy who forecasts baseball games and predicts all kinds of stuff (like presidential elections). Right now (I’m a senior in HS) my major at the University of Alabama is set as mechanical engineering. I would be fine doing engineering, and I am considering it because of great job opportunities. But, statistics is my passion, and I’m good at it. I guess I have a few questions.
Is statistics a hard field to get a job in?
Would I be fine with an Undergraduate degree only, or would I have to go to get a Master's, PHD, etc. (which would obviously cost more, because I'm going to Alabama on a full tuition scholarship and statistics is not offered there.)
Are there any other majors I should consider that maybe combine both engineering and statistics?
No, it’s not. There are lots of statistics jobs, and many jobs in fields related to statistics like actuarial science, data science, informatics, etc.
You could get a job as an entry-level analyst to start out with just a BA in statistics, but you will probably eventually want to get an MA in statistics, as most statistician positions (and data scientist positions) do require an MA or a PhD.
the way to study statistics at Alabama is to [major in math with a concentration/track in mathematical statistics](http://math.ua.edu/undergraduate-program/major-program/). Apparently, many math majors at Alabama complete a second major in computer science or electrical engineering.
There are many many many MANY lucrative opportunities that combine math/statistics and computer science - data science is the one I referenced above; I saw a job opening today for a data scientist that paid $140K in my mid-level cost-of-living city, and that’s not uncommon. Data scientists are well-paid. The downside is that currently most data scientists do have PhDs, although that may change as more master’s programs are created in the field. You need a strong understanding of both statistics and computer science (and research methods) to do data science - hence the demand for PhDs.
The Department of Information Systems, Statistics, and Management Science also has some statistics and operations research courses that will be relevant.