According to the Bureau of Labor Statistics, job opportunities for those with statistics degrees are predicted to grow much faster than average in the near future – by as much as 34% by the year 2024. This has not only piqued student interest in statistics degree programs; it has also pushed colleges and universities to review their offerings in the field, ensuring that their programs are attractive to prospective undergraduate and graduate students. As a result, students interested in statistics have many impressive schools and programs to choose from. While it may seem wise to choose the most affordable statistics degree, there are many other factors to consider in order to get the best value for your tuition dollar.
Rating and Ranking Methodology
Graduate Degree Opportunities in Statistics
• Presence of Master’s Degree Program – 1 point
• Presence of Doctoral Degree Program – 1 point
Awards and Recognition (Related to Statistics)
• National Level – 2 points
• Regional Level – 1 point
20-Year Net ROI
• Above 600,000 – 5 points
• Above 500,000 – 4 points
• Above 400,000 – 3 points
• Above 300,000 –2 points
• Above 200,000 – 1 point
Statistics Research Opportunities – 1 point
Innovative Programs and/or Teaching Methods in Statistics – 1 point
Study Abroad Opportunities in Statistics – 1 point
Statistics Internship Opportunities – 1 point
Statistics Scholarship Opportunities – 1 point
Affiliated Centers and Institutes on Campus – 1 point
Related Student Organizations and Societies – 1 point
Wow Factor: awarded for each unique feature or program that “wowed” us – 1 point
Great Value Colleges for Statistics
In order to compile the following list of great value colleges for statistics, our editors consulted both College Navigator and PayScale.com to identify the schools offering selective statistics degree programs with the most impressive student outcomes. The net cost is the median average net cost by income on College Navigator. Having identified these colleges and universities, they then visited the website of each school to gather the information necessary to apply the above ranking methodology. Please note that in cases where two or more schools received the same number of points, we used the school’s net price to break the tie. Here are our 50 great value colleges for statistics in 2016-2017.
#50 – Fordham University
Bronx, New York
Net Price: $33,129
Fordham University’s School of Business offers an MS in Applied Statistics and Decision-Making. This program is primarily designed to make its students more attractive to potential employers by giving them a stronger understanding of business. The program is also interdisciplinary. It incorporates courses from fields such as psychology and computer science, which gives its students a more well-rounded education. Students also have opportunities to participate in internships, seminars, and other networking opportunities. Students who complete this program typically enter careers in marketing, finance, medical research, or government.
#49 – American University
Net Price: $33,158
The Mathematics and Statistics Program at American University offers a BS in Statistics, an MS in Statistics, and an MS in Biostatistics. Undergraduate students can choose between a Mathematical Statistics track and an Applied Statistics track. The master’s program in statistics also offers two tracks: applied statistics for individuals who want a terminal professional master’s degree and mathematical statistics for individuals who plan to pursue a doctoral degree. Students enrolled in the biostatistics program can customize their education through tracks in management, health policy, and computation.
#48 – Northern Illinois University
Net Price: $18,346
The Department of Mathematical Sciences at NIU offers degree programs for statistics students at the bachelor’s, master’s, and doctoral levels. The undergraduate and doctoral programs are Mathematical Science degree programs with concentrations in probability and statistics. The master’s program, on the other hand, is purely focused on applied probability and statistics. The department’s Division of Statistics also hosts the NIU Actuarial Club. Both this club and the division host events and activities for statistics degree students, such as colloquia and guest speakers.
#47 – California State University – Fullerton
Net Price: $9,427
The Department of Mathematics at California State University – Fullerton offers an MS in Statistics. This program is broad and flexible, and it is the first statistics master’s program in the nation that broadcasts all of its courses live. This means that students can take some or all of their courses online without sacrificing quality. Classes are also offered at more convenient times to accommodate working students. While students who choose to complete the program entirely online still enjoy the high-quality academics the program offers, there are some opportunities that are available only to on-campus students, including research and teaching assistantships.
#46 – Villanova University
Net Price: $30,371
Villanova University’s Department of Mathematics and Statistics only offers one statistics-specific degree: an MS in Applied Statistics. However, its BS in Mathematics is flexible enough to allow students to prepare for a career or graduate study in statistics. Both of these programs are broad, so students can use them as a stepping stone for a wide variety of related careers. There are not many resources and opportunities specific to statistics, but the department is home to the Center for Statistics Education, which facilitates research, professional development, and other similar activities. Statistics degree students are also welcome to participate in the department’s non-statistics activities.
#45 – California Polytechnic State University – San Luis Obispo
San Luis Obispo, California
Net Price: $19,407
The Statistics Department at California Polytechnic State University – San Luis Obispo has one of the lowest student to faculty ratios compared to the university’s other departments. It is also a strictly undergraduate department. This means students receive ample attention from faculty and are in no danger of being neglected in favor of graduate students. Faculty have expertise in a wide variety of areas, allowing the department to offer a broad range of courses. Statistics degree students who graduate from this program are well prepared for both graduate study and industry jobs.
#44 – San Jose State University
San Jose, California
Net Price: $16,397
San Jose State University’s Department of Mathematics offers several degree programs for students interested in statistics. Its BS in Applied Mathematics includes a concentration in statistics and a concentration in economics and actuarial science. The department also offers an MS in Statistics, which is designed for students planning to work as statisticians after graduation. This program can also prepare students for a doctoral program in statistics, but statistics degree students who plan to enter a PhD program are advised to choose the MS or MA in Mathematics with an emphasis in statistics instead.
#43 – Loyola University Maryland
Net Price: $33,680
The Department of Mathematics and Statistics at Loyola University Maryland offers an undergraduate program in statistics with concentrations in actuarial science and statistical science. This program is flexible and prepares students for both graduate study and industry work. Statistics degree students have several opportunities to enrich their education outside of classroom instruction through internships, research, contests, and student organizations. They may also get involved in the department and interact with faculty through the seminars and other events the department hosts regularly.
#42 – University of Rochester
Rochester, New York
Net Price: $23,659
The University of Rochester’s Program in Statistics and Department of Biostatistics work together to offer the university’s bachelor’s, master’s, and doctoral programs in statistics. The Program in Statistics is responsible for the BA in statistics program, which is broad and encourages students to double major or joint major. The graduate programs are handled by the Department of Biostatistics and Computational Biology, so these degree programs are more focused on the health sciences. However, the general MA and PhD programs are still broad enough for students to apply them to other fields.
#41 – The George Washington University
Net Price: $22,287
The Department of Statistics at The George Washington University offers degree programs in statistics and biostatistics. These programs are flexible and allow for specialization. The department is also home to the Biostatistics Center and the Institute for Reliability and Risk Analysis. These centers and the university’s location in the nation’s capital allows the department to partner with both government agencies and the private sector. These organizations benefit statistics degree students by bringing real-world experience to the classroom and hosting several activities.
#40 – Northwestern University
Net Price: $6,452
The Department of Statistics at Northwestern University is committed to education and research in both applied statistics and statistical theory. The undergraduate program is more focused on the applied aspect of statistics. However, the PhD program is more flexible, allowing students to focus more on theory or applied statistics depending on their interests. The department is still rather small, so students at both the graduate and undergraduate level enjoy smaller classes and attention from faculty. Statistics degree students also have access to resources such as high-tech computational facilities and other equipment.
#39 – The University of Texas at Austin
Net Price: $15,757
The Department of Statistics and Data Sciences at The University of Texas offers a master’s degree program and a doctoral degree program. The master’s program has two tracks: a terminal track and a track for students earning the degree as part of the PhD program. These tracks are very similar. Both are broad and include both theoretical and applied statistics. The doctoral program also includes both theory and application, but is different in that it has a stronger focus on research.
#38 – Rutgers University – New Brunswick
New Brunswick, New Jersey
Net Price: $20,935
The Department of Statistics and Biostatistics at Rutgers University – New Brunswick offers several degree programs for undergraduate and graduate students. Most of the more interesting options are at the graduate level, which includes an MS in Financial Statistics and Risk Management and an MS in Applied Statistics with specializations in Industrial Quality Management, Data Mining, and Biostatistics. The undergraduate statistics degree programs are more broad, but do allow students to choose from a wide variety of courses.
#37 – University of Florida
Net Price: $8,528
The University of Florida’s Department of Statistics offers broad graduate and undergraduate degrees that prepare students for a wide variety of career paths. One of the most impressive aspects of the department is its resources. It is home to comprehensive facilities such as advanced computing resources and a statistics library. These resources are used by faculty and students for research and other activities. The department also hosts several events for statistics degree students, including workshops, lectures and seminars.
#36 – Brigham Young University
Net Price: $12,466
Brigham Young University’s Department of Statistics offers undergraduate degree programs in statistical science and actuarial science, as well as a master’s degree program in statistics. The statistical sciences bachelor’s program is flexible, with emphases in biostatistics, applied statistics and analytics, and statistical science. The master’s program, however, is more narrow, because most of its courses are focused on applied statistics. Statistics degree students also have opportunities outside of classroom instruction. Internships are available both on and off campus, allowing students to gain valuable hands-on experience.
#35 – New York University
New York, New York
Net Price: $32,733
New York University offers a unique MS in Applied Statistics for Social Science Research. This statistics degree program is designed for individuals who want to use their knowledge of statistics and data science to effect positive social change. The program is also part of a larger initiative for the Promotion of Research Involving Innovative Statistical Methodology. This initiative provides students with resources and opportunities to interact with other departments. All students in this program also gain valuable hands-on experience through required internships.
#34 – Baylor University
Net Price: $31,343
Baylor University’s Department of Statistical Science offers a BS, MS, and PhD in Statistics. Like most undergraduate programs of its kind, the BS in statistics program is very broad, allowing it to be used as a stepping stone for both employment and graduate study. At the graduate level, the research-heavy PhD is the department’s main degree program. However, the MS is available after two years in the PhD program for students who prefer to move into industry or government careers. Both of the graduate programs include opportunities to gain hands-on experience through required practicum experiences.
#33 – University of Chicago
Net Price: $7,934
The Statistics Department at the University of Chicago boasts an excellent faculty with expertise in a wide range of areas. Thanks to the faculty’s broad knowledge, the department is able to offer broad and flexible MS and PhD programs. Both of these programs cover statistical theory and application, as well as machine learning and computational mathematics. Statistics degree students also have opportunities to conduct interdisciplinary research alongside faculty, as well as participate in the department’s many seminars and colloquia.
#32 – Case Western Reserve University
Net Price: $22,236
Case Western Reserve University offers four degree programs in statistics: a BA, a BS, an MS, and a PhD. These programs are designed to give students a broad understanding of statistics, with some opportunities for specialization. There are special tracks available in actuarial science and entrepreneurship. However, most of the statistics degree customization comes from the wide variety of course options available. The department also has an active statistics and probability research program, which graduate students can participate in.
#31 – Pennsylvania State University
University Park, Pennsylvania
Net Price: $25,704
The Department of Statistics at Pennsylvania State University offers flexible degree programs for both graduate and undergraduate students. The undergraduate program includes an impressive amount of options for specialization, with concentrations available in actuarial science, applied statistics, biostatistics, computing, and graduate studies preparation. There are also multiple graduate degree programs to accommodate the wide variety of student interests and career goals. Outside of academics, statistics degree students can participate in student organizations, competitions, and events.
#30 – University of Maryland – Baltimore County
Net Price: $20,614
Unlike some combined mathematics and statistics departments, the Department of Mathematics and Statistics at the University of Maryland – Baltimore County does not neglect its statistics programs. It offers not only multiple degree programs for its statistics students, but also several opportunities to gain hands-on experience and get involved with the department. Both graduate and undergraduate statistics degree students are able to participate in interdisciplinary research. The department also hosts several statistics-specific events, such as the annual Probability and Statistics Day and weekly statistics colloquia.
#29 – University of North Carolina – Chapel Hill
Chapel Hill, North Carolina
Net Price: $11,060
The Department of Statistics and Operations Research offers one undergraduate program and six graduate programs. The BS in Mathematical Decision Sciences covers topics such as statistics, data analysis, optimization, and probability. This program gives students a solid foundation that prepares them for all of the department’s graduate programs. MS and PhD programs are available in Statistics, Operations Research, and Interdisciplinary Statistics and Operations Research. The department maintains strong partnerships with several other departments, which not only provides exciting research opportunities, but also allows its statistics degree programs to be more flexible and include a wider selection of courses.
#28 – San Diego State University
San Diego, California
Net Price: $14,730
The Department of Mathematics and Statistics at San Diego State University offers three statistics degree programs: a BS in Statistics, an MS in Statistics, and a PhD in Computational Statistics. The BS and MS programs are general programs that include concentrations in areas such as biostatistics. The doctoral program is less flexible, but is still a great choice for individuals interested in applying statistics to computer science. The department is also home to facilities such as the Statistical Consulting Center, which facilitate interdisciplinary research and interaction with local businesses.
#27 – Duke University
Durham, North Carolina
Net Price: $4,150
The Department of Statistical Science at Duke University is widely recognized as one of the world’s leading centers for Bayesian statistics and interdisciplinary research. The department offers a BA in statistics as well as BS, MS, and PhD programs in statistical science and a MS in Statistical and Economic Modeling. Substantial research experience is considered a major part of all of these programs, even the undergraduate programs. Students who graduate from this department are equipped with the knowledge and experience required to be successful in both further study and careers in the field.
#26 – University of Connecticut
Net Price: $19,243
One of the major statistics departments in New England, the University of Connecticut’s Department of Statistics offers bachelor’s, master’s, and doctoral degree programs. These programs cover a wide variety of topics, including biostatistics, statistical computing, and mathematical statistics. All students have access to the department’s teaching lab, and graduate students have access to the research lab and computing cluster. All of these facilities are well-maintained and equipped with industry-standard software. Statistics degree students also have opportunities to network and gain practical experience through department events and internships.
#25 –The Ohio State University
Net Price: $13,982
The Ohio State University’s Department of Statistics offers both an undergraduate degree program and multiple graduate degree programs. These programs reflect the broad expertise of faculty by offering courses in a broad range of areas such as biostatistics, Bayesian statistics, and spatio-temporal statistics. The department is also involved in the university’s interdisciplinary activities and research. Statistics degree students have several opportunities to explore statistics outside of classroom instruction, including research, internships, and events. Events sponsored by the department range from small workshops and social events to large conferences.
#24 – University of Wisconsin – Madison
Net Price: $13,227
The Department of Statistics at the University of Wisconsin – Madison offers a BS, MS, and PhD in Statistics, as well as many joint programs with the university’s other departments. The undergraduate program is broad and prepares students for both industry employment and graduate study. The master’s program is designed for students who plan to pursue careers as practicing statisticians. The PhD program, on the other hand, prepares students for research and teaching careers. All of these statistics degree programs include opportunities for enrichment, such as events, research, and student organizations.
#23 – University of California – Santa Barbara
Santa Barbara, California
Net Price: $15,343
The University of California – Santa Barbara’s Department of Statistics and Applied Probability offers degree programs for both graduate and undergraduate students. The undergraduate program is especially impressive, with four separate statistics degree programs. There is only one master’s program and one doctoral program, but this is more than made up for with the many available emphases. Outside of academics, students can get involved with the department through its events and active student organizations. The department regularly hosts workshops, lectures, and conferences, which serve as great opportunities for students to interact with each other and faculty.
#22 – North Carolina State University
Raleigh, North Carolina
Net Price: $15,084
North Carolina State University’s Department of Statistics is home to the largest statistics graduate program in the nation, as well as a sizeable undergraduate program. Students interested in specialization can choose from concentrations in biostatistics, envromental statistics, finance, and statistical genetics. There are also shorter statistics degree programs available for students interested in research. Other opportunities are available through the events the department regularly hosts, such as meals, trips, and other meetings where students and faculty can discuss statistics.
#21 – University of California – Los Angeles
Los Angeles, California
Net Price: $13,081
The Department of Statistics at the University of California – Los Angeles offers degree programs at the doctoral, master’s, and bachelor’s levels. The BS in statistics program covers both applied and theoretical statistics, making it a good program for both students who plan to go on to graduate study and students who plan to enter an industry career. Students in this program also have opportunities to gain real-world experience by working as consultants. At the graduate level, students can choose between the more theoretical MS and PhD programs and the new Master of Applied Statistics Program.
#20 – Georgia Institute of Technology
Net Price: $15,213
The Georgia Institute of Technology’s School of Mathematics and School of Industrial Systems Engineering work together to offer an MS in Statistics. Students enjoy the resources of both of these schools, including state-of-the-art computing facilities. This program is primarily designed to be a terminal degree program for students who plan to apply statistics to a technological setting. However, students who complete this program will be prepared enough to enter PhD programs in statistics, bioinformatics, or mathematics.
#19 – University of Washington
Net Price: $9,694
The University of Washington’s Department of Statistics offers flexible BS, MS, and PhD programs. These programs allow students to choose from a wide variety of courses, and the PhD program even includes separate tracks for machine learning and big data, statistics in the social sciences, and statistical genetics. Outside of academics, statistics degree students can participate in research, department events, and the department’s student organization, the Statistics and Probability Association. The department is also home to computing and consulting resources, which benefit the not only the department’s students and faculty, but the entire university.
#18 – Cornell University
Ithaca, New York
Net Price: $11,869
Cornell University’s Department of Statistical Science offers a bachelor’s program, a master’s program, and a doctoral program. The bachelor’s program is broad, but allows students to specialize in an applied area. The Master of Professional Studies in Applied Statistics is the only one of its kind offered by an Ivy League University. It is designed for students who want to further specialize in a particular related field. Statistics degree students who plan to enter careers in research or teaching can enroll in the PhD program. Outside of academics, students can get involved in the department through its events, such as the Cornell Day of Statistics.
#17 – Yale University
New Haven, Connecticut
Net Price: $2,167
The Department of Statistics at Yale University offers statistics degree programs at the undergraduate and graduate levels. All of these programs are broad and cover both theoretical and applied statistics. One of the most interesting aspects of this department is its location in the former home of Professor James Dwight Dana. This building was expanded to include offices, a classroom, and computing facilities, but it still contains a common room and small kitchen. This building creates a unique, friendly atmosphere and facilitates informal discussion between students and faculty.
#16 – University of Illinois at Urbana – Champaign
Net Price: $13,351
The Department of Statistics at the University of Illinois at Urbana – Champaign meets the needs of a wide variety of students by offering flexible degree programs at the undergraduate and graduate levels. It offers a couple of specialization-specific degrees, such as the BS in Statistics and Computer Science. However, most customization comes from the freedom to choose from a wide variety of courses in the more general programs. Students are encouraged to participate in professional organizations and student groups. These organizations host activities, connect students to professional resources, and even give them opportunities to gain practical experience through consulting in the community.
#15 – University of California – Davis
Net Price: $13,578
The Department of Statistics at the University of California – Davis offers several degree programs at both the graduate and undergraduate levels. These programs cover many areas, including computational statistics, applied statistics, and biostatistics. Both graduate and undergraduate statistics degree students have opportunities to gain practical experience through research and internships. Graduate students also enjoy advanced computing resources such as servers and computer labs. Other opportunities to get involved in the department include the seminars, symposia and conferences that the department regularly hosts.
#14 – University of Minnesota – Twin Cities
Net Price: $12,556
The University of Minnesota – Twin Cities’ Department of Statistics offers a master’s program, a doctoral program, and two new bachelor’s programs. All of these programs are broad and allow students to customize their education to fit their career goals. Statistics degree students also have several exciting opportunities to explore statistics outside of traditional classroom instruction. Students are able to study abroad and attend department events. Experiential learning opportunities are available through internships, community outreach programs, and the department’s Statistical Consulting Center.
#13 – Washington University in St. Louis
St. Louis, Missouri
Net Price: $11,832
The Department of Mathematics at Washington University in St. Louis offers a BA in Mathematics with a Probability/Statistics track, as well as MA and PhD programs in Statistics. The undergraduate program also includes an honors program in statistics for students who want an extra challenge. Students in these programs enjoy an impressive amount of opportunities. For example, statistics degree students have opportunities to study abroad, conduct research, and participate in internships even as undergraduates. The department and its student organizations also hold several events, including lectures, conferences, workshops, and seminars.
#12 – University of Pennsylvania
Net Price: $11,832
The Statistics Department at the University of Pennsylvania offers doctoral, master’s, and bachelor’s programs. The bachelor’s and master’s programs are primarily focused on applying statistics to business. The PhD program, however, is more broad and prepares students for careers in academia, industry, and government. The department is consistently involved in research at the university’s Financial Institutions Center and the Warren Center for Data and Network Sciences. Statistics degree students are also allowed to participate in this research, as well as attend related seminars.
#11 – Columbia University
New York, New York
Net Price: $5,887
The Department of Statistics at Columbia University offers many degree programs at the bachelor’s, master’s, and doctoral level. Undergraduate statistics degree students can choose from five programs, four of which are especially interdisciplinary. These programs include Economics-Statistics and Computer Science-Statistics. There are also multiple degree programs at the master’s level that focus on different applied statistics career paths, such as actuarial science. The PhD program is available to students interested in research careers. The department is also home to three statistics centers which facilitate research, workshops, and other activities.
#10 – Rice University
Net Price: $7,318
The Statistics Department at Rice University offers degree programs at both the graduate and undergraduate levels. The BA in statistics program is broad and educates students in both statistical application and theory. However, a computational finance emphasis is available for students looking for more specialization. The master’s and doctoral programs include even more opportunities for specialization with tracks and courses in areas such as bioinformatics, environmental statistics, and financial statistics. All students are also encouraged to gain hands-on experience through internships and research.
#9 – University of Michigan – Ann Arbor
Ann Arbor, Michigan
Net Price: $10,028
The Department of Statistics at the University of Michigan – Ann Arbor is highly-regarded for its research activity, many high-quality programs, and excellent faculty. It offers three bachelor’s programs, three master’s programs, and a doctoral program. These statistics degree programs cover a variety of areas, such as informatics, applied statistics, and quantitative finance. The department’s research has also grown to cover a wider amount of related subjects, and students have opportunities to participate in this research even as undergraduates. Other opportunities for enrichment include workshops, conferences, and other department events.
#8 – Iowa State University
Net Price: $14,161
Iowa State University’s Department of Statistics aims to make its degree programs flexible. Both its BS in statistics and MS in statistics programs are designed to be broad enough for students to use it as preparation for either further study or entry into a career. The MS program also has the option to be taken completely online. The PhD program is more narrowly focused on research, but still gives students flexibility when it comes to the area of statistics they wish to specialize in.
#7 – Purdue University
West Lafayette, Indiana
Net Price: $9,654
The Purdue University Department of Statistics boasts Indiana’s largest doctoral program in statistics and a wide variety of courses for students to choose from. At the undergraduate level, students can choose between tracks in applied statistics, actuarial science, and mathematical statistics. The department’s graduate programs offer a similar amount of flexibility, with multiple tracks and programs available to meet students’ needs. All statistics degree students have access to the department’s advanced computing facilities. Graduate students also have access to other on-campus facilities through the interdisciplinary research they conduct alongside faculty.
#6 – Texas A&M University – College Station
College Station, Texas
Net Price: $18,810
The Department of Statistics at Texas A&M University – College Station offers flexible degree programs at the doctoral, master’s, and bachelor’s levels. Many of these degree programs include tracks in areas such as applied statistics, biostatistics, and computational statistics. Programs without separate tracks allow students to take courses in these areas. The department is also home to facilities such as the Bayesian Bioinformatics Lab and the Institute for Applied Mathematics and Computation, which host the department’s research efforts. Statistics degree students have opportunities to gain practical experience through this research, as well as internships.
#5 – University of Pittsburgh
Net Price: $25,110
The University of Pittsburgh’s Department of Statistics is small, with only 20 undergraduate majors and 35 graduate students. However, it is still strong and offers its students many opportunities, such as internships. The department offers multiple degree programs: a BS in Statistics, an MS and MA in Applied Statistics, an MS and MA in Statistics, and a PhD in Statistics. This wide variety of options allows students to choose a program that best fits their needs. The department is home to the Statistics Computing Lab and Statistics Consulting Center, which facilitate research and other department activities.
#4 – Stanford University
Net Price: $1,959
Stanford University’s Department of Statistics offers two MS programs and a PhD program. The MS in Statistics is flexible and can be taken as either preparation for a doctoral program or as a terminal degree. It also includes a data science track. The interdisciplinary MS in Financial Mathematics is also designed to be both a terminal master’s program and preparation for a doctoral program. However, it is more narrowly focused than the MS in Statistics. The PhD in Statistics prepares its students for research careers in both applied and theoretical statistics.
#3 – Carnegie Mellon University
Net Price: $18,276
Carnegie Mellon University’s Department of Statistics offers several degree programs at both the graduate and undergraduate level. Tracks are available in areas such as statistics and machine learning, statistics and neuroscience, and statistics and public policy. Students are also able to participate in research in all of these areas, even at the undergraduate level. This statistics degree program is great for students who want to apply statistics to another field and participate in interdisciplinary research without waiting until they are graduate students.
#2 – University of California – Berkeley
Net Price: $13,081
The University of California – Berkeley’s Department of Statistics offers broad and flexible statistics programs at the graduate and undergraduate levels, as well as graduate degree programs in biostatistics. Students in these programs enjoy several opportunities to enrich their education through research, internships and department events. Many of these opportunities are available thanks to the Berkeley Statistics Industry Alliance Program. This program facilitates partnerships between the department and large companies such as Google, Microsoft, and Adobe. These companies support research and allow statistics degree students to apply their education to real-world problems.
#1 – Harvard University
Net Price: $3,411
Harvard University’s Department of Statistics offers degree programs for both graduate and undergraduate students. These programs are flexible and allow for specialization even at the undergraduate level. Statistics degree students also have opportunities to participate in research, internships, and other special programs. The department also hosts several events, including both smaller workshops and larger conferences. Graduate students enjoy even more opportunities to interact with each other and faculty through informal lunches, seminars, and other events.
This concludes our ranking of the 50 great value colleges for statistics, which was updated in July 2020.
About the Field of Statistics
Statistics is a mathematical field that explores concepts in probability. Professionals with academic training in statistics may be employed in a variety of different sectors since nearly every industry can benefit from accurate data analysis. Statisticians are particularly valuable in fields like engineering, business, healthcare, and public administration, though.
As you know, the demand for statisticians is currently growing exponentially, and these jobs are high-paying ones as well. The Bureau of Labor Statistics (BLS) reports that statisticians made over $90,000 a year on average in 2019.
About Academic Degrees in Statistics
If you’re interested in becoming a statistician or working with numbers in a related occupation, then the first step is to consider what type of academic training you need to achieve your career goals. There are many different degree options, including those at the undergraduate and graduate levels of study. At each level, there are other choices to make such as degree type and concentration or specialization.
Undergraduate Degree Programs in Statistics
For most entry-level jobs in statistics, you’ll need a minimum of a bachelor’s degree in the field. These comprehensive four-year plans of study are comprised of 120 credit hours of coursework. Generally speaking, classes will consist of a combination of general education requirements and major-specific courses, but the exact classes you take will depend on the type of bachelor’s degree in statistics you decide to pursue. Undergraduate statistics degree programs are designed to prepare students for work in the field or for postgraduate study, and apparently, they do so quite well. According to a 2017 survey by the American Statistical Association, the vast majority of bachelor’s in statistics graduates (i.e., 84%) said their programs of study adequately prepared them for effectively implementing statistical models to analyze data.
Types of Bachelor’s Degree Programs in Statistics
Undergraduate statistics degrees go by many different names. Although these offerings will share much in common, there are differences as well. For example, if you elect to pursue a Bachelor of Science (BS) in Statistics, you’ll be engaged in many learning experiences that emphasize the practical application of skills. If you select a Bachelor of Arts (BA) program in statistics, on the other hand, you’ll take more classes in statistical theory. A sampling of specific bachelor’s in statistics degree programs available from colleges and universities across the country are listed below for the sake of reference. This is not meant to be an exhaustive list.
- Bachelor of Science (BS) in Statistics
- Bachelor of Arts (BA) in Statistics
- Bachelor of Science (BS) in Applied Mathematics: Statistics
- Bachelor of Science (BS) in Applied Mathematics: Economics and Actuarial Science
- Bachelor of Science (BS) in Mathematical Decision Science
- Bachelor of Science (BS) in Statistics and Computer Science
- Bachelor of Arts (BA) in Mathematics: Probability/Statistics
Statistics Bachelor’s Degrees: Admissions Requirements
Admissions criteria for undergraduate programs in statistics will vary by school and program. You can expect some schools to be more selective than others. At a minimum, though, you’ll need a high school diploma, a decent GPA, and college admissions exam scores (i.e., ACT or SAT). You may also need to submit writing samples, letters of recommendations, and a personal statement, for example.
Bachelor of Statistics Degrees: Curriculum
Not all bachelor’s degree programs in statistics are the same in terms of curriculum, but they do share some major commonalities. These programs consist of roughly 120-credit hours of coursework and include two main components: general education requirements and major-specific courses. Exact course titles will vary by program and school, but you should expect most of your courses to be heavy in math and science. The exception to this rule will be your general education classes, which may address topics in the humanities and liberal arts.
General Education Requirements
General education requirements are a part of every undergraduate course of study, and a bachelor’s degree in statistics program is no exception to this rule. Below are some general education course titles taken from actual bachelor’s statistics program requirements. Keep in mind that these are listed here for the purposes of illustration only; you may be required to take different classes depending on the school and degree program you choose.
- Writing in Academic and Public Contexts
- Introduction to Statistics
- Introductory Logic
- Speaking and Reading
- Introduction to Economics
- Finite Mathematics
- Introduction to Psychology
- World Literature
In most cases, the bulk of your curriculum as an undergraduate statistics student will be comprised of classes directly related to your major. These major-specific courses can include core statistics courses as well as those required for a statistics concentration. Examples of these types of courses are listed below for your reference:
- Theoretical Statistics
- Regression Analysis
- Analysis of Categorical Data
- Introduction to Data Modeling
- Statistical Experimental Design
- Statistical Quality Control
- Non-Parametric Methods in Statistics
- Introduction to Probability Theory
Graduate Degree Programs in Statistics
A graduate degree in statistics may open up even more opportunities in the field as well as set you up for raises and promotions in the future. Postgraduate opportunities in the field include both master’s and doctoral statistics programs. U.S. News & World Report recognizes 110 colleges and universities across the country with graduate statistics programs. These include top schools like Stanford, Harvard, Johns Hopkins University, and the University of California-Berkeley, for example. Online master’s degrees in statistics are also fairly easy to find, though a PhD must usually be pursued on campus.
Types of Master’s Degrees in Statistics
Just as there are different types of bachelor’s degrees in the field of statistics, the same holds true for master’s degree options. Below are some of the different degree possibilities you’ll have as a statistics graduate student:
- Master of Science (MS) in Statistics
- Master of Arts (MA) in Statistics
- Master of Science (MS) in Biostatistics
- Master of Science (MS) in Operations Research
- Master of Science (MS) in Applied Statistics
- Master of Science (MS in Applied Statistics for Social Science Research
- Master of Science (MS) in Applied Statistics and Decision Making
- Master of Science (MS) in Financial Statistics and Risk Management
- Master of Science (MS) in Statistical and Economic Modeling
- Master of Professional Studies in Applied Statistics
Master’s Degree Programs in Statistics: Admissions
If you’re interested in applying to a master’s degree program in statistics, you’ll need to meet certain eligibility requirements. More often than not, a school will examine your undergraduate transcript to ensure you’ve maintained a good GPA and are prepared for more advanced studies in the field of statistics. You may also be required to take and pass the Graduate Record Examination (GRE) in order to be admitted as a master’s in statistics student.
Master of Statistics: Curriculum
Master’s degree in statistics programs are typically two-year plans of study comprised of approximately 60 credit hours. Unlike the curriculum for a bachelor’s degree in statistics, a master’s-level curriculum will consist of only those courses related to the field of statistics. If you elect a graduate concentration, your curriculum will also include specialization classes. The sample course titles listed below are taken from actual statistics master’s degree offerings. Keep in mind, though, that classes will vary by school and program.
- Probability for Applications
- Advanced Topics in Probability and Stochastic Processes
- Applied Regression and Design
- Sampling and Categorical Data
- Computational Methods in Statistics
- Time Series and Forecasting Methods
- Bayesian Statistical Methods
- Programming for Statistical Science
- Multilevel and Hierarchal Models
Types of Doctoral Degree Programs in Statistics
Postgraduate students who wish to continue their statistics studies in a terminal degree program such as a PhD in Statistics will have fewer choices when it comes to the type of degree they can pursue. Within these selections, however, students are usually granted the freedom to write their own curriculum plans. Many doctoral programs in the field allow for self-designed specializations and independent study options. Still, the degree titles usually take one of three different forms:
- Doctor of Philosophy (PhD) in Statistics
- Doctor of Philosophy (PhD) in Operations Research
- Doctor of Philosophy (PhD) in Computational Statistics
Doctoral Thesis Requirement in Statistics
While coursework requirements may be somewhat lax when it comes to doctoral programs in statistics, most PhD candidates will be required to complete and defend an original thesis. This requirement is usually a culminating element of the doctoral program that consists of numerous hours of high-level scholarly research and writing as well as a final presentation in front of the student’s professors.
Concentrations Within Statistics Degree Programs
Since statistics is a fairly broad field of study, many colleges and universities offer opportunities for students to specialize in a specific sub-field. These concentrations may be available at the undergraduate and/or graduate level. Some of the most popular concentrations associated with statistics degrees are listed below for reference. Remember, though, that not all colleges and universities will offer each of these specializations, and some may offer other concentrations not listed here.
Applied Statistics—An applied statistics concentration emphasizes practical knowledge in the field of statistics. The curriculum for these programs may include classes in Actuarial Statistics, Applied Multivariate Statistics, and Applied Stochastic Processes, for example. Graduates of a Master’s in Statistics with a concentration in Applied Statistics will be prepared for employment in various industries as well as for doctoral study in the field.
Actuarial Science—A concentration in actuarial science prepares statistics students to work in the insurance industry or other field where financial risk analysis is required. Students enrolled in such a program should expect to take courses like Statistics for Decision Making, Analysis of Variance and Design of Experiments, and Principles of Financial Management, for example.
Data Mining- The data mining concentration prepares statistics students to extrapolate patterns and trends from large datasets.Graduates of the program will have career opportunities in various industries, including healthcare, business, and public administration among others. Courses associated with this concentration may include Advanced Computer Processing of Statistical Data, Theoretical Statistics, and Data Mining Methodology, for instance.
Biostatistics- A statistics degree program with a concentration in biostatistics will emphasize the role statistics plays in the field of biological sciences. In addition to courses in both general biology and statistics, students who elect this concentration may take specialization classes like Introduction to Biostatistics, Design of Public Health Studies, and Spatial Biostatistics, for instance.
Environmental Statistics-An environmental statistics concentration will prepare statistics students to work alongside environmental scientists as they solve problems related to the environment. For example, statisticians may analyze data regarding environmental forensics, natural disasters, and policy decisions.
Finance- Statistics students who elect a finance concentration will focus on statistics as it relates to financial matters. Required courses for the specialization may include Asset Pricing, Financial Mathematics, and Financial Risk Management, for instance.
Statistical Genetics—Statistical genetics is a relatively new sub-field of statistics, so program offerings may be limited. Still, this concentration provides quality preparation for students to apply statistical analysis to the complex field of human genetics. Courses for this specialty may include Analysis of Genetic Association Studies, Biomarkers in Epidemiology Research, and Computational Molecular Evolution, for example.
Frequently-Searched Schools for Statistics Degrees
These are the most commonly searched-for schools for statistics degrees:
Berkeley University- As one of the most distinguished universities in the field, Berkeley University has a robust statistics program, including degree offerings at the bachelor’s, master’s, and doctoral levels. In addition to teaching classes, Berkeley professors are actively engaged in scholarly research and statistical experimentation.
Florida State University- In addition to a comprehensive undergraduate offering in statistics, Florida State University offers master’s degree programs in statistics, biostatistics, and statistical data science.Doctoral students can also choose from tracks in statistics and biostatistics.
Florida International University- Florida International University’s undergraduate degree in statistics is a BS in Mathematics with a concentration in Statistics. Students can also opt for the combined BS/MS in Mathematical Sciences pathway and earn both degrees in less time than the traditional route.
Michigan State University- Michigan State University has been providing quality academic preparation in the field of statistics for more than 65 years. Today, the school offers bachelor’s, master’s, and doctoral degrees in statistics as well as an interdisciplinary bachelor’s in actuarial science.
Texas A&M University- Texas A&M University offers numerous options for both undergraduate and graduate students interested in the field of statistics. In addition to a BS and a minor in statistics, the school also offers an accelerated bachelor’s/master’s track as well as a nationally recognized online master’s in statistics and a PhD program.
Baylor University- A leader in statistical research and theory, Baylor University also offers high-quality academic training programs for undergraduate and graduate statistics students. The school’s offerings include a BS in Statistics, a minor program, a MS in Statistics, and a PhD in Statistics.
University of California- Davis- The University of California-Davis is a good option for students who want to specialize in a specific sub-field of statistics.Undergraduates can choose from BA and BS tracks as well as concentrations in Applied Statistics, Computational Statistics, Machine Learning, and more. Master’s students can elect a dual major while PhD students have the option of specializing in Biostatistics.
University of Wisconsin- Madison- Ranked among the top 20 statistics degree programs in the country by U.S. News & World Report, UW-Madison is home to robust undergraduate and graduate degree programs, including a PhD offering.Master’s degree students can choose from options in data science and biometry.
Rice University- A top-ranked school for statistics, Rice University has made significant contributions to statistical theory and research over the years. Today, it offers high-quality academic training for statisticians at every level of postsecondary study.
University of Central Florida—The University of Central Florida offers a range of unique statistics degree programs through its distinguished Department of Statistics and Data Science. Undergraduate students can opt for a BS in Actuarial Science, for instance, while master’s degree hopefuls can select tracks in Data Mining or Statistical Computing. Notably, UCF also offers one of the only PhD programs in Big Data Analytics in the world.
University of Florida—The University of Florida is home to nationally recognized statistics degree programs for both undergraduate and graduate students. Prospective bachelor’s degree students will have the opportunity to enroll in the school’s new BS in Data Science program or elect a minor in Actuarial Science. A BS and BA in general statistics is also available as are Master’s and PhD offerings.
Frequently-Asked Questions About Statistics Degree Programs
Still have questions? Fortunately, we have answers. Below, you will find some of the most frequently-asked questions about statistics degrees. As you peruse these FAQs, keep in mind that the information provided is meant to offer general guidance and cannot replace advice from a school admissions counselor or other official school representative.
Q: How do I find statistics degrees near me?
A: No matter where you live in the United States, you should be able to find a statistics degree program near you. Simply perform a web search for the type of degree you’re interested in pursuing, and be sure to use your city and state as a search term. You can also use the National Center for Education Statistics’ College Navigator tool.
Q: What are the best statistics degrees?
A: The best statistics degrees are the ones that align with your academic interests and future career goals. When considering schools and degree programs, take into account factors like cost, curriculum, scheduling options, and accreditation.
Q: How hard is a statistics degree program?
A: There’s no doubt statistics degree programs can be challenging, but academic rigor may vary by school and program. To ensure you’re prepared for the curriculum, most colleges and universities will require that you pass certain prerequisite courses.
Q: Can I earn my statistics degree online?
A: Yes! An increasing number of colleges and universities in the United States are offering their statistics degrees online. Depending on the school, you may be able to complete your studies fully online or via a hybrid learning format.
Q: Is a statistics degree worth it?
A: For many of the graduates gainfully employed in the field of statistics, the answer is undoubtedly “yes.” However, it is important to consider the sacrifices of time and money you’ll need to make in order to secure your credentials.
Career Questions About Degrees in Statistics
Q: What is a statistics degree good for?
A: The occupation of a statistician is the obvious career choice for statistics degree graduates, but other career opportunities exist as well. For example, a statistics degree can qualify you for employment as a financial analyst, actuary, cost estimator, economist, or database administrator.
Q: What will I make with a statistics degree?
A: Many factors will contribute to your salary as a statistics degree graduate. Some of these include your exact job title, employer, and geographical area. Still, PayScale reports that individuals with a Bachelor of Science in Statistics make just under $70,000 per year on average.
Q: Are jobs in statistics growing?
A: Yes. According to the Bureau of Labor Statistics, jobs for statisticians are growing much faster than average due in part to the large availability of online data.
Q: What professional organizations exist in the field of statistics?
A: While the American Statistical Association is the most well-known professional organization in the industry, there are others, including:
- Institute of Mathematical Statistics
- Society for Industrial and Applied Mathematics
- American Mathematical Society
- National Council of Teachers of Mathematics
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