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Short version: If I am 26 now and have a bachelors in accounting, is it realistic to have a shot at masters or doctorate level (bio)statistics by mid to late 30s? Assuming I prepare now.

Long version: I am a math and science lover. I read about both as a hobby and am learning Python and enjoy it too recently. Upon reading some papers in the Journal of Biometrics & Biostatistics I thought I found a field interested in the same things as I - critically examining the methodology of how studies are performed (I'm aware there's more to this area however).

I'm also pragmatic though, which is why I never went with science in college. Right now my plan is to continue in accounting, get my CPA, and be financially independent in ~10 years. Throughout this time I want to set myself up as best I can for a second career in statistics/science, by taking courses or pursuing a part time masters degree if possible.

Why not pursue this now? I value financial independence. It is a risk I can't take to go back to school now and have more debt when I'm already set up to have a good career as is. If the option exists to explore statistics later in life in a relatively risk-free way then the choice is clear, no?

Am I wrong to think there is any hope of exploring stats by mid-30s? The biggest issue i foresee is having to relocate for school or a job. But perhaps after some number of years away I could return to my area and I'd be fine with that.

  1. Can anyone advise if years from now (age 30-32 for example) pursuing a part-time masters in applied statistics is wise or optimal in light of my ideals?

  2. Is there any hope of getting into a biostatistics doctorate program if I am in my late 30s but have completed a masters in statistics along with great GRE scores and research experience/publications?

  3. Is it realistic to reach out to professors/researchers while I am unaffiliated with a university to do volunteer work in order to gain research experience?

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  • (1) Many PhD programs in science are fully funded, so the fear of debt is really misplaced. (2) There are some questions on this site about the influence of age on doing a PhD so you should check them out first. – Drecate Aug 15 '16 at 1:58
  • It's more so an issue of opportunity cost. But also in the near term I would take on debt if I went for a masters first to get into a program. – scientific_accountant Aug 15 '16 at 2:23
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Not too long ago I faced the same issues as you. I wanted to go from economics to software engineering, particularly machine learning. I'm in a department with a decent emphasis on statistics, I know several future PhD statisticians, I have a general idea what those groups look for.

1—You don't want a masters in applied statistics (MAS). You want an MS in statistics. Huge difference. A graduate student in my department got an MS in stats from a top-ranked stats school that also offers an MAS. He said what he teaches in undergrad math stats is above what the MAS students learn in their first semester. If you write a thesis for your MAS, it will probably be a data analysis paper, not a minor contribution to the field like you would for an MS. The MAS degrees aim for people who don't know much about stats, and they mostly emphasize how to do things like statistical programming over original contributions to the statistics field. You get an MAS to go work in industry for a PhD, not to go on for a PhD.

2-I hope and suspect that your age won't count much against you. My department regularly admits people in the their mid-to-late thirties, as well as 22-year-olds. But we focus on applied mathematics and like to industry work. Again, you should get an MS instead of an MAS.

3-It can't hurt, but may raise eyebrows. Don't count on getting in with a biostats researcher, however. There are some security issues, and grants sometimes restrict who can access data for a variety of reasons.

My unsolicited advice: start to bail on accounting now. Start a second bachelor's degree in mathematics or statistics. That gives you a better shot at graduate school and a foot in the door for a stats graduate program. When you get into an MS in stats, go. Don't do it part time, go full blast, finish and get into a PhD program. It's a good time to get into statistics. When you finish, hunt for consulting gigs or go a route like machine learning, and you'll more than make up the lost accounting salary. What you'll never make up is the time.

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  • 1. Thanks for the heads up. I was aware of the distinction but also assumed the MS might be less employable if I decided not to go further for a doctorate. Is this correct? – scientific_accountant Aug 15 '16 at 2:26
  • If you worry about finding a job after a masters, take some courses in statistical programming (R is getting bigger by the day) and statistical learning. I don't know anyone who had a problem finding a job with an MS in stats. A good hiring manager should know an MS can do everything an MAS can do. – user60356 Aug 15 '16 at 2:32
  • Thanks. Do you see any value added to having a CPA in any stats oriented fields? How competitive is it to secure an academic or biomed research position with a PhD (as opposed to accepting a tech/other industry position)? How competitive is admission to bio statistic PhD program itself? I just want to be realistic. – scientific_accountant Aug 15 '16 at 2:37
  • 1) I don't see any value for the CPA. 2) I imagine it's easier to get an industry position than a academic position. 3) I don't know. – user60356 Aug 15 '16 at 2:57

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