Find Top Master’s Degree Programs in Statistics

Master’s in Statistics

If you want to pursue a Master’s degree in Statistics, then you are in good stead; numerous schools worldwide offer Master’s degree programs in this field. A top decision may be whether to pursue statistics or applied statistics. Students coming out of both program types possess much of the same knowledge and qualify for many of the same jobs, but applied statistics is geared more toward real-world study. Statistics, on the other hand, takes more time to study theoretical foundations. As an example, a linear regressions analysis class in applied statistics trains students more on how to use a computer to interpret analyses, while a statistics student would learn more about the theory behind linear regressions analysis.

What Is a Master’s in Statistics?

If you are interested in a statistics doctorate degree, want to be involved in statistics research or seek a career as a professor, then a Master’s in Statistics may serve you better than a Master’s in Applied Statistics. In any case, schools offering a Master’s in Statistics include the University of Chicago in the US and the University of North Carolina, also in the US. In the UK, they include Imperial College London; Australia and Canada are among the many other countries offering study in this field.

Features of such a Master’s program typically include:

  • Compulsory courses that ensure knowledge in areas such as computational statistics, probability theory and statistical inference.
  • Optional courses that allow for some specialisation.
  • A significant research project that enables study in either theoretical or practical issues.

Many doctorate students in fields such as sociology, economics and physics also take a Master’s in Statistics program at the same time they pursue doctoral studies.

What Are the Benefits of Earning a Master’s in Statistics?

Many students who earn a Master’s in Statistics enjoy advantages such as improved career and salary prospects compared with a bachelor’s degree. To outline a few of the other benefits:

  • Students can choose from a wide range of schools and programs across the world.
  • Students can explore an area or topic of interest with their research projects.
  • Faculty members are accomplished, with proven credentials in mathematics, computer science, statistics and more.
  • Students develop skills such as logical thinking, problem analysis, research and collaboration.
  • The degree serves as the steppingstone to a doctorate for some students.

Before admission to a Master’s program in Statistics, students should have undergraduate classes in calculus, probability and statistics. Knowledge of computer science is immensely helpful as well.

What Kind of Career Can You Expect with a Master’s in Statistics?

A Master’s in Statistics can lead to many careers. Graduates work in fields such as:

  • Marketing
  • Manufacturing
  • Consumer safety
  • Government
  • Engineering
  • Computing
  • Education
  • Research
  • Journalism
  • Health
  • Medicine

For example, a genetics statistician participating in a plant breeding research project might create profiles of certain desirable and undesirable genetic characteristics in the plants. Furthermore, the statistician would calculate the probabilities of these traits occurring and monitor results to pave the way for optimal breeding in the future.

Graduates of Master’s degree programs in Statistics have varied career possibilities. Many colleges and universities worldwide offer study in this area, and there is no time like the present to explore your opportunities.