Master's Degree Programs in Statistics

Find out about master's degree programs in statistics, including courses and degree options. Read about the career outlook and median salary for statisticians. Schools offering Mathematics degrees can also be found in these popular choices.

What Will I Learn Through a Master's Degree in Statistics?

Prior to enrolling in a master's degree program in statistics, you must have a bachelor's degree with a background in math that includes courses in calculus, matrix and linear algebra. Through master's degree courses, you'll explore regression models and the logical correlations. You might even be able to take consultancy courses, which train you to give advice on how factors, such as the economy or an election, might influence a product's desirability and marketability. Some courses you might take through a Master of Science program in statistics include:

  • Applied statistical methods
  • Mathematical statistics
  • Time series analysis
  • Using statistics in research
  • Statistical computing
  • Science of statistics
  • Bioinformatics and statistics
  • Nonparametric statistics
  • Sampling techniques theory

Key Topics Discussed Linear algebra, sampling techniques, regression models, desirability, time series analysis
Completion Options Thesis, non-thesis and exam options available
Learning Environments Traditional classroom and distance learning degree options are available
Median Salary (2018) $87,780* (for all statisticians)
Job Outlook (2016-26)34% growth* (for all statisticians)

Source: *U.S. Bureau of Labor Statistics

What Program Options Are Available?

Master's degree programs in statistics differ in that they offer various program completion options. The first is a thesis option, which is designed to prepare you for a doctorate in the field, if you plan on pursuing a research-oriented education. The second is a non-thesis option designed to further your knowledge of statistics for careers in the field that don't include research. This requires completion of a project in statistics, including a written report and typically leads to a Master of Arts degree. The third is an exam option, which tests you in different concepts in statistics and your ability to use them. Online programs are available in all of these formats.

What Are My Career Options?

Upon graduation, you could become a statistician. Statisticians apply use numerical to assess the possible outcome or outcomes of events. Through a Master of Science in Statistics, you'll study probability and apply the skills you learn to government, marketing, sports, biology, engineering, economics, business, education and research. According to the U.S. Bureau of Labor Statistics (BLS), statisticians need at least a master's degree for most positions, and academic and research positions require a doctorate degree (www.bls.gov). In 2018, statisticians made a median annual salary of $87,780.

To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below:

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