Getting a Degree in StatisticsGetting a degree in statistics can be the right choice for someone who enjoys mathematics and numbers. Statistics is a discipline that is about the collection, organization, analysis, interpretation, and presentation of data. Statistics is commonly taught with university mathematics departments, and some overlap with majors such as economics, sociology, accounting, and finance.
Bachelor’s Degree in StatisticsWhen you go for your bachelor’s degree in statistics, you most likely would study probability, introductory statistical methods, and the ideas of likelihood and regression modeling. You would learn about the methods involved in statistics to collect, organize, interpret, and analyze numerical information for various settings and industries.
A bachelor’s degree in statistics would take you around four years, and you may take classes such as applied statistics, probability and statistics, experiments and sampling, applied regression analysis, discrete data analysis, and linear algebra.
For in-person programs, Carnegie Mellon University, the University of Pennsylvania, and Harvard University all have highly rated programs. For online programs, Chadron State College, American Public University, and the University of Massachusetts at Lowell all have highly rated programs.
Jobs with a Bachelor’s Degree in Statistics
- Financial Analysts, who work in banks, with pension funds, insurance companies, and other businesses, and provide guidance to businesses and individuals making investment decisions, have an average salary of $61,971, according to Glassdoor as of September 2020.
- Operations Research Analysts, who are high-level problem-solvers who use advanced techniques such as optimization, data mining, statistical analysis, and mathematical modeling to develop solutions that help businesses and organizations operate more efficiently and cost-effectively, have an average salary of $69,816, according to Glassdoor, as of September 2020.
- Economists, who are experts who study the relationship between a society’s resources and its production or output, have an average salary of $97,811, according to Glassdoor as of September 2020.
Master’s Degree in StatisticsGetting your master’s degree in statistics will allow you to define your career in statistics. It would take about 1-3 years, depending on many different factors. You would also focus on a specialization such as biostatistics, survey statistics, and statistical genetics. Students typically need a bachelor’s degree in statistics or mathematics or a similar degree.
RELATED: Getting Your Master’s Degree in Statistics
Students in a master’s program would conduct research and gain first-hand experience through internships. Some of the classes you might take would be qualitative data analysis, statistical consulting, mathematical probability, or regression analysis.
For in-person programs, Northwestern University, Johns Hopkins University, and Washington University in St. Louis all have highly rated programs. For online programs, Texas A&M University-College Station, Oklahoma State University, and Colorado State University all have highly rated programs.
Jobs with a Master’s Degree in Statistics
- Statisticians, who practice the science of using data to make decisions and decide what data they need, how to collect it, and analyze and interrupt it, have an average salary of $76,884, according to Glassdoor, as of September 2020.
- Mathematicians, who are similar to statisticians, generally need a master’s degree and can research and study different mathematical principles and theories, have an average salary of $51,385, according to Glassdoor, as of September 2020.
- Actuaries, where having a master’s degree would be very beneficial, use statistics to help them determine the financial costs of various risks, and have an average salary of $97,776, according to Glassdoor, as of September 2020.
Doctorate Degrees in StatisticsWhile you don’t necessarily need a Ph.D. in statistics, it can help you advance to higher researcher positions and/or become postsecondary teachers or even serve as professors in the field. Generally, the degree would take you between 4-5 years. The University of Arizona, Colorado State University, and the Wharton School all have highly rated programs.
Search and select multiple degree level.
Search and select multiple area of focus.
Troy University - TroyTroy, ALPartner School
Troy University is a public institution comprised of campuses throughout Alabama and worldwide. International in scope, TROY provides a variety of educational programs at the undergraduate and graduate levels, to include doctoral programs, for...
Arkansas State University-Main CampusState University, ARPartner School
Focusing on its mission to educate leaders, enhance intellectual growth and enrich lives, A-State meets the challenges of continuing as a destination university for more than 13,000 students through the combination of world-class research...
Purdue University Northwest-HammondHammond, INPartner School
Purdue University Northwest Veterans Services: a program designed to create a community of university personnel, students, and community agencies that provide individual support/service that increases the likelihood of veterans and student service members successfully...
Lasell UniversityNewton, MAPartner School
Lasell University Military & Veteran Support Programs Lasell University offers the following veteran and military support programs: Lasell University has GI Bill-approved programs Lasell University is approved for Tuition Assistance Lasell University is a Yellow...
Minnesota State University MoorheadMoorhead, MNPartner School
MSU Moorhead Military & Veteran Support Programs MSU Moorhead offers the following veteran and military support programs: MSU Moorhead has GI Bill®-approved programs Does not have a Student Veterans of America chapter Offers credit for...
University of DaytonDayton, OHPartner School
University of Dayton University of Dayton is a 4-year, private university located in Dayton, OH. Students at University of Dayton can enroll in bachelor’s, master’s, and doctoral degree programs. University of Dayton Military &...
Xavier UniversityCincinnati, OHPartner School
Xavier University Military & Veteran Support Programs Xavier offers the following veteran and military support programs: Xavier has GI Bill approved programs Has a Student Veterans of America chapter Offers credit for military experience Awards credit...
Alamo Colleges DistrictSan Antonio, TXPartner School
The Alamo Colleges District provides support and advocacy for our military families through offices on Joint Base San Antonio and at our colleges through St. Philip’s College Military Support Services (MSS) Department and San...
East Tennessee State UniversityJohnson City, TNPartner School
East Tennessee University ranks as one of the best colleges and universities for military and veterans. They pride themselves on creating productive citizens who serve their communities. It’s easy to become part of this...
University of the Incarnate WordSan Antonio, TXPartner School
UIW is dedicated to the success of military students at all levels. Degree programs are developed to maximize military service while providing a foundation for post-military life. Many faculty and staff have former military experience...
Virginia Polytechnic Institute and State UniversityBlacksburg, VAPartner School
The university fulfills its land-grant mission of transforming knowledge to practice through technological leadership and by fueling economic growth and job creation locally, regionally, and across Virginia.
Houston Christian UniversityHouston, TXPartner School
Houston Christian University Military & Veteran Support Programs Houston Christian University offers the following veteran and military support programs: Houston Christian University has GI Bill approved programs Has a Student Veterans of America chapter Offers credit...
Viterbo UniversityLa Crosse, WIPartner School
Viterbo University Military & Veteran Support Programs Viterbo University offers the following veteran and military support programs: Viterbo University has GI Bill approved programs Has a Student Veterans of America chapter Offers credit for military experience...
Scholarships for Statistics MajorsGetting your degree in statistics means you can apply for certain scholarships that specialize in statistics, mathematics, and other related fields. Here are a couple of them:
This scholarship was established to recognize the remarkably positive impact Huntington had in this profession. It is awarded annually to undergraduate seniors who are enrolled as a full-time student at a US accredited educational institution, and have successfully completed at least one actuarial examination. They also need to be nominated by a professor and have a GPA of 3.0 or higher. The Actuarial Foundation offers fun and engaging math programs that get teachers and students excited about math. The scholarship is given to multiple recipients in the amount of $3,000.
This scholarship is for a student planning to enroll or who is already enrolled in a master’s degree or higher-level US or Canadian program that has a concentration in applied statistics and/or quality management. Scholarship awards are based on demonstrated ability, academic achievement, career objectives, faculty recommendations, student involvement in campus activities, and industrial exposure to include part-time work and internships. There will be one award for those pursuing a master’s degree, and two for those who are pursuing doctorate degrees. The award would be $7,500.For more Statistics scholarships, please go here. For more scholarships for veterans and military, please go here.