Best Master’s in Statistics Schools in US
Master’s in Statistics in the US
Students who choose to pursue a Master’s in Statistics from a university in the United States are given the tools necessary to gain a deep understanding of the collection, analysis and interpretation of the data they work with. They also work to become effective communicators and presenters of the results they find when relying on that data. These skills prepare them for rewarding careers in many different fields where understanding data and extracting value from it is vital. This includes opportunities in government, industry and business, universities, research labs and medicine.
What is a Master’s in Statistics?
A Master’s in Statistics is a graduate-level degree program that builds on the skills and experience students gained in their bachelor studies. Program requirements vary depending on the college or university offering the program, but most have similar structures and course offerings. For example, some programs may focus more on the theoretical side of statistics, while others may prepare students for specialties in applied statistics. Despite these differences, many of the courses will often have similar topics. These common course topics include:
- Data processing and analysis
- Survey methods
- Measurement and assessment
- Regression and analysis of variance
Courses may be taught in the form of lectures, seminars or research courses completed with a faculty advisor. Assessment for student work may come in the form of oral and written exams, research papers and individual course assignments.
Depending on the university requirements, students may be asked to take a certain number of courses, credits or both in order to complete the degree. Some departments may require a research project or capstone in which students demonstrate the breadth of the skills they gained in the program. This is usually completed at the end of the program as a requirement for graduation.
Most universities also have a minimum GPA requirement. If students fail to meet or exceed this GPA, they may be placed on probation, asked to repeat coursework in failed areas, or removed from the program. Many students take between one and two years of study in order to complete all requirements.
What Are the Benefits of Getting a Master’s in Statistics in the US?
The opportunities for students who have completed advanced coursework in statistics are growing every day. Students can apply their skills to virtually any field that is in need of information gathering and analysis, which opens the doors to many potential career paths. Additionally, students who have graduated from a Master’s in Statistics program are better prepared and more desirable than their less-experienced peers to vie for many top positions. Students and graduates enjoy many more benefits, including:
- Ability to pursue a PhD program.
- Time studying and working under some of the most celebrated minds in statistics at some of the most prestigious universities in the nation, including Penn State, Columbia University, Duke University and Johns Hopkins University.
- Potential for a greater salary.
The increasingly high demand for statisticians makes it more likely that graduates will be able to find and keep relevant positions as they grow their careers in a difficult economic climate.
What Kind of Career Can You Expect With a Master’s in Statistics?
Most people who graduate from Master’s in Statistics programs in the US go on to become statisticians. The beauty of this degree is that it can be applied to virtually any industry. Graduates can choose to work in science, finance, computer science, engineering, and many other business and science fields of study. They may also work for manufacturing firms, pharmaceutical companies and motor vehicle manufacturers. Some common career titles include:
- Quality control statistician
- Product developer
- Business consultant
Salaries for these professions can range anywhere from $30,000 per year to $92,000 per year.
A statistician is responsible for gathering data, analysing that data and extracting value from it for a specific purpose. They then report their findings to their boss or employer, who then uses the information to help advance their work and agenda. They can specialise their work to involve certain areas of interest, such as economics, psychology, medicine, marketing and public health.
Choosing a Master’s in Statistics program from a US institution should be an easy choice. Simply determine which program offers the courses, requirement and notable professors that you need to help you achieve your career goals.