Best Statistics Bachelor’s Degree Programs, Jobs, and Salaries
Though highly related, statistics is different from mathematics as a discipline and a career choice. In fact, the best statistics bachelor’s degrees aim to teach past mathematical statistics. They instead focus on applied statistics in a variety of courses, including psychology, economics, engineering, machine learning, education, agriculture, sociology, medicine, biological sciences, and quality control.
If you wish to pursue a career in statistics, bachelor’s degree jobs are far and plenty both in the government and in large corporations. Here, you will be tasked to analyze data, conduct surveys, and design experiments. Even better, a Bachelor’s Degree in Statistics also prepares you to pursue a specialized Master’s Degree in Statistics. While the former already offers countless job opportunities, the latter can do even more.
To help prepare you for a future in this field, we have listed the best programs for a statistics bachelor’s degree. Navigating the field also requires a strong understanding of career opportunities, which is why we’ve also curated a list of statistics bachelor’s degree jobs with lucrative pay and solid growth potential.
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Where Can I Get a Bachelor’s Degree in Statistics?
Some of the best schools offering Bachelor’s Degrees in Statistics include Arizona State University (ASU), Carnegie Mellon University, Washington University, University of Evansville (UE), Columbia University, and Illinois Institute of Technology Online (IIT). Those with degrees in statistics can land careers as database administrators, financial risk managers, financial advisors, professors in computational or applied statistics, and management accountants.
What Schools Offer the Best Statistics Bachelor’s Degrees?
- Arizona State University (ASU)
- University of Evansville (UE)
- Illinois Institute of Technology Online (IIT)
- University of Iowa (UI)
- Wright State University (WSU)
What Are the Admission Requirements for a Bachelor’s Degree in Statistics?
The admissions requirements for a statistics bachelor’s degree program include an application, supporting academic documents like transcripts, and standardized test scores. Different institutions may also have other additional requirements depending on if you’re an incoming freshman or a transferring student.
While grades do play an important role in determining admissions, selection committees tend to put a value on having a wide variety of practical experiences. So, in addition to education requirements in mathematics, theoretical statistics, and at least one science subject, hands-on experience with statistical analysis and applied statistics is also incredibly beneficial.
Remember, however, that the Department of Statistics in different universities and colleges set up unique course and admission requirements for concentration in Statistics. The school for statistics of these organizations creates a specialized curriculum to screen students admitted into certificate programs, graduate degree programs, high-quality academic training programs, minor programs, and undergraduate programs.
Statistics Bachelor’s Degree Admission Requirements
- Filled-out application form
- Completion of high school graduation requirements
- American College Testing (ACT) or Scholastic Aptitude Test (SAT) scores
- Transcripts
How to Get a Statistics Bachelor’s Degree
A Bachelor’s Degree in Statistics requires you to enroll in a program covering an average of 120-course credits to be completed across four years. While the core courses remain consistent, the program offerings and admission requirements can also be modified.
Some of the subjects included in this robust statistics program are statistical computing, actuarial statistics, business statistics, environmental statistics, medical statistics, and financial risk management, to name a few.
How Many Credits Do You Need for a Bachelor’s Degree in Statistics?
The minimum number of credits required to obtain a statistics bachelor’s degree is 120. These credits are spread out across eight semesters, and thus break down to about 15 credits per semester. While the main portion of this curriculum will be focused on theoretical statistics and core statistical data science, most colleges also mandate that up to 39 units need to be in the upper-division level of applied statistics.
Statistics Degree Requirements
- 30 credit hours of mandatory core classes like statistical inference, analysis of variance, applied multivariate statistics, and design of experiments
- 12 credit hours of selected industrial statistics and data analysis courses like statistics for decision making and doubt statistics
- 18 credit hours of major-specific courses like data analysis in mathematical and computational sciences, statistical genetics, and actuarial statistics
- 21 credit hours of upper-division electives that are statistics-related like financial risk management
Best Statistics Bachelor’s Degree Programs and Schools: Overview
| School | Program | Accreditation |
|---|---|---|
| Arizona State University | Bachelor of Science in Statistics | North Central Association of Colleges and Schools Higher Learning Commission |
| Dartmouth College | Bachelor’s Degree in Mathematics | New England Commission of Higher Education |
| Duke University | Bachelor of Science in Statistical Science | Southern Association of Colleges and Schools Commission on Colleges |
| Illinois Institute of Technology | Bachelor of Science in Statistics | Higher Learning Commission |
| Rice University | Bachelor of Science in Statistics | Southern Association of Colleges and Schools Commission on Colleges |
| University of Chicago | Bachelor of Science in Statistics | Higher Learning Commission |
| University of Evansville | Bachelor of Science in Statistics and Data Science | Higher Learning Commission |
| University of Iowa | Bachelor of Science in Statistics | Higher Learning Commission |
| University of Pennsylvania | Bachelor of Science in Statistics | Middle States Commission on Higher Education |
| Wright State University | Bachelor of Science in Statistics | Higher Learning Commission |
Best Schools for Statistics: Top Statistics Bachelor’s Degree Programs
Below is a list of the best schools for a statistics bachelor’s degree. It includes details of each school, overviews of each program, and the steps to apply.
Arizona State University
Glendale, AZ
Arizona State University , founded in 1886, believes in the value of reinventing education. As a result, it has been ranked as the most innovative school by US News & World Report seven years in a row. It is a highly renowned university of more than 87 elite programs and 1,000 national scholars and upholds a standard of providing quality education in STEM fields.
Bachelor of Science in Statistics
This program is specifically offered in the school’s West campus in Glendale under the New College of Interdisciplinary Arts and Sciences program. The bachelor’s degree in statistics also includes subjects in calculus, analytical geometry, and data analytics to prepare students for a research career. The school also offers internship programs in partnership with Phoenix-based companies.
Bachelor of Science in Statistics Overview
- Accreditation: North Central Association of Colleges and Schools Higher Learning Commission
- Tuition and Fees: $11,348/year (in-state); $29,438/year (out of state)
- Required Credits: 120 credits
- Program Length: 4 years
- Learning Format: In-person
- NCES School Graduation Rate: 64%
Bachelor of Science in Statistics Admission Requirements
- GPA: 3.0 (in core competency courses)
- Standardized Tests: ACT/SAT
- Application Fee: $50 (residents); $70 (non-residents)
- Minimum Education: High school diploma
- Other Requirements: Be in the top 25% of graduating class, relevant prerequisite courses
Applying to Arizona State University
- Ensure you’ve completed the relevant prerequisite courses
- Submit proof for one of the prescribed aptitude requirements
- Fill out the application form
- Pay the non-refundable application fee
- Submit a copy of your transcripts
Dartmouth College
Hanover, NH
Operational since 1769, Dartmouth College is well known for its emphasis on critical thinking within its education. The college boasts of more than 40 separate academic departments as well as a student-to-faculty ratio of as low as seven to one. The college also supports its students throughout their education in the form of scholarships and subsidized financial aid loans.
Bachelor’s Degree in Mathematics
Students enrolled in this program must pass at least eight computer science or mathematics courses as well as a culminating project. While this is a degree with a mathematics major, it also provides a minor in statistics with a very competitive curriculum. Students can select from a variety of courses related to applicative statistics to complete this minor’s overall course requirement.
Bachelor’s Degree in Mathematics Overview
- Accreditation: New England Commission of Higher Education
- Tuition and Fees: $20,229/term
- Required Credits: 120 credits
- Program Length: 4 years
- Learning Format: In-person
- NCES School Graduation Rate: 95%
Bachelor’s Degree in Mathematics Admission Requirements
- GPA: No minimum requirement
- Standardized Tests: ACT/SAT
- Application Fee: $80
- Minimum Education: High school diploma
- Other Requirements: 2 teacher evaluations
Applying to Dartmouth College
- Check your eligibility and identify which applicant category you belong to
- Submit your application
- Complete at least three essays
- Secure two peer recommendations
- Do the interview
Duke University
Durham, NC
Duke University aims to provide undergraduate students with an updated theoretical base that prepares them to be efficient in their field of study. Further, the college has a reputation for supporting its students financially, with nearly 52 percent of enrolled undergraduate students receiving financial aid.
Bachelor of Science in Statistical Science
This program is designed to first hone student knowledge in existing statistical techniques of modeling and reasoning. This base is then applied in data-based, quantitative problems covering biomedical sciences, technology, engineering, social sciences, and natural sciences. It also gives students the choice between a Bachelor of Science and a Bachelor of Arts in Statistical Science, each with differing concentrations.
Bachelor of Science in Statistical Science Overview
- Accreditation: Southern Association of Colleges and Schools Commission on Colleges
- Tuition and Fees: $30,217.50/semester
- Required Credits: 120 credits
- Program Length: 4 years
- Learning Format: In-person, online
- NCES School Graduation Rate: 96%
Bachelor of Science in Statistical Science Admission Requirements
- GPA: No minimum requirement
- Standardized Tests: ACT/SAT (optional)
- Application Fee: $85
- Minimum Education: High school diploma
- Other Requirements: None
Applying to Duke University
- Choose QuestBridge Application, Coalition Application, or Common Application to apply
- Submit all required documents
- Prepare a Secondary School Report and counselor recommendation.
- Write a supporting essay
- Do the interview
Illinois Institute of Technology
Chicago, IL
Better known as Illinois Tech, this university has been a pioneer in STEM-focussed education for the metropolitan city of Chicago. Founded in 1890, it strives to achieve its core mission of bringing people of all backgrounds to an even ground by providing an education that meets the demands of the modern workplace.
Bachelor of Science in Statistics
Enrolling in the undergraduate degree program at Illinois Tech prepares you for the industry with a bedrock of math-intensive subjects that are designed to hone your skills in data analysis and research. Graduates of this degree program often land jobs as data scientists, data analysts, statistical modelers, and statisticians.
Bachelor of Science in Statistics Overview
- Accreditation: Higher Learning Commission
- Tuition and Fees: $48,670/year
- Required Credits: 126 credits
- Program Length: 4 years
- Learning Format: In-person
- NCES School Graduation Rate: 72%
Bachelor of Science in Statistics Admission Requirements
- GPA: 3.0
- Standardized Tests: SAT/ACT (optional)
- Application Fee: None
- Minimum Education: High school diploma
- Other Requirements: Illinois Tech prior admission
Applying to Illinois Institute of Technology
- Apply through the Common Application portal
- Send one to three letters of recommendation
- Submit your high school transcript
- Send standardized test scores (optional)
- Check your application status
Rice University
Houston, TX
Research is one of the core competencies of Rice University , which is why it’s a good choice if you want to study statistics for a career in academia. It presents international opportunities like study abroad programs or internships via the Rice University Global initiative. The university also offers subsidies through the Freshman Aid Package, which can bring down financial obligations to $18,057 for the first semester.
Bachelor of Science in Statistics
To complete a degree in statistics from Rice University, you need to finish at least 19 statistics-related courses that correspond to 58 to 65 credit hours to qualify for a major. Apart from that, you also need to complete at least 43 credit hours or 14 courses that are 300 level or higher.
Bachelor of Science in Statistics Overview
- Accreditation: Southern Association of Colleges and Schools Commission on Colleges
- Tuition and Fees: $54,100/year
- Required Credits: 120 credits
- Program Length: 4 years
- Learning Format: In-person
- NCES School Graduation Rate: 94%
Bachelor of Science in Statistics Admission Requirements
- GPA: 3.2 (for transfer applicants only)
- Standardized Tests: SATACT (optional)
- Application Fee: $75
- Minimum Education: High school diploma
- Other Requirements: Relevant prerequisite courses
Applying to Rice University
- Apply via QuestBridge Application, the Coalition Application, or the Common Application
- Submit all required documents
- Draft an exemplary essay
- Do the interview
- Pay the non-refundable application fee
University of Chicago
Chicago, IL
Since its inauguration in 1890, University of Chicago has consistently been ranked among the best American universities. To maintain its academic standing, this university is highly selective of the students admitted. It’s also at the forefront of research, with 94 Nobel laureates associated with its university.
Bachelor of Science in Statistics
The school’s selective nature is seen in the requirements it sets to admit students into the statistics program. Currently, it doesn't require students to achieve a certain GPA. However, you can improve your chances of getting accepted if you have a 35 ACT or 1570 SAT.
Bachelor of Science in Statistics Overview
- Accreditation: Higher Learning Commission
- Tuition and Fees: $61,179/year
- Required Credits: 120 credits
- Program Length: 4 years
- Learning Format: In-person
- NCES School Graduation Rate: 96%
Bachelor of Science in Statistics Admission Requirements
- GPA: No minimum requirement
- Standardized Tests: ACT/SAT (optional)
- Application Fee: $75
- Minimum Education: High school diploma
- Other Requirements: Supplemental essays
Applying to University of Chicago
- Apply through the Coalition Application or the Common Application portal
- Submit all required documents
- Draft your personal statement
- Write a supplement statement to the given prompt
- Pay the application fee
University of Evansville
Evansville, IN
This private university started operating as Moores Hill College in 1854, before establishing itself as University of Evansville . This institution is known for having well-established international ties. In fact, the school has over 80 percent of its students studying abroad, participating in semester exchanges or research internships.
Bachelor of Science in Statistics and Data Science
This statistics program is one of the select project-driven courses that the school offers. This means that throughout the curriculum, students are exposed to an application-first approach in reporting, interpretation, model fitting, model selection, data cleaning, data acquisition, problem formulation, and predictive modeling.
Bachelor of Science in Statistics and Data Science Overview
- Accreditation: Higher Learning Commission
- Tuition and Fees: $19,903/semester
- Required Credits: 120 credits
- Program Length: 4 years
- Learning Format: In-person
- NCES School Graduation Rate: 67%
Bachelor of Science in Statistics and Data Science Admission Requirements
- GPA: 2.5 (for transfer applicants)
- Standardized Tests: ACT/SAT (optional)
- Application Fee: None
- Minimum Education: High school diploma or equivalent
- Other Requirements: Relevant prerequisite courses
Applying to University of Evansville
- Submit your application via the Common Application or the UE Application for Admission
- Submit your high school transcript or your verified GED certificate
- Send in your ACT or SAT score
- Draft your essay in response to a selected prompt
University of Iowa
Iowa City, IA
University of Iowa ranks 33rd among the best public universities and is an ideal option for students who wish to pursue a quality college education without having to meet the hyper selective admissions requirements. Founded in 1847, it is the oldest institution of higher education in Iowa and has garnered a name for itself as a premier American public research university.
Bachelor of Science in Statistics
Enrolling in University of Iowa’s statistics degree program will expose you to a thorough basis in the theories and principles related to data collection and statistical analysis. You will also be able to distinguish designed experiments from observational studies, while also understanding data collection methods. It also provides a BIGR track that supports careers in the industry through applied statistics.
Bachelor of Science in Statistics Overview
- Accreditation: Higher Learning Commission
- Tuition and Fees: $9,942/year (in-state); $31,905/year (out of state)
- Required Credits: 120 credits
- Program Length: 4 years
- Learning Format: In-person
- NCES School Graduation Rate: 64%
Bachelor of Science in Statistics Admission Requirements
- GPA: No minimum requirement
- Standardized Tests: ACT/SAT
- Application Fee: $40
- Minimum Education: High school diploma
- Other Requirements: Relevant prerequisite courses, RAI cutoff
Applying to University of Iowa
- Apply through the University of Iowa Application portal, the Common Application, or the Coalition Application.
- Submit your high school transcript
- Send your SAT/ACT scores
- Draft a supplementary personal statement for your application
- Pay the non-refundable application fee
University of Pennsylvania
Philadelphia, PA
More commonly known as UPenn, University of Pennsylvania considers research as one of its core priorities, making it an ideal choice for students keen to learn applicative subjects. This school is extremely selective with only a nine percent acceptance rate. It is ranked eight among the best American universities of 2022 by US News.
Bachelor of Science in Statistics
Housed at the Wharton School, this program not only provides a solid base in theoretical statistics but also ensures exposure to various industries in the form of credit requirements for technology, global economy, business, and society. The school also provides a business analytics joint concentration for students who are set on that career field.
Bachelor of Science in Statistics Overview
- Accreditation: Middle States Commission on Higher Education
- Tuition and Fees: $63,452/year
- Required Credits: 120 credits
- Program Length: 4 years
- Learning Format: In-person
- NCES School Graduation Rate: 96%
Bachelor of Science in Statistics Admission Requirements
- GPA: No minimum requirement
- Standardized Tests: ACT/SAT (optional)
- Application Fee: $75
- Minimum Education: High school diploma
- Other Requirements: Relevant prerequisite courses
Applying to University of Pennsylvania
- Apply through the QuestBridge application, the Common Application, or the Coalition Application portal
- Draft your personal statement and UPenn essay
- Submit all required documents
- Submit your Early Decision Agreement
- Pay the application fee
Wright State University
Dayton, OH
Upholding the legacy of the famous Wright brothers, Wright State University strikes a balance between affordability and cutting-edge innovation in its education. Independent since 1967, this school offers over 160 undergraduate programs and promises more focused attention on students with a student-to-faculty ratio of 15 to one.
Bachelor of Science in Statistics
This specific degree program is housed in the Department of Mathematics and Statistics. To be accepted into the department, students must first earn at least a C in MTH 2300, maintain a minimum 2.0 GPA, and complete at least 16 credits per semester in their freshman year. The program also has an actuarial science concentration for students who wish to enter the finance industry as analysts.
Bachelor of Science in Statistics Overview
- Accreditation: Higher Learning Commission
- Tuition and Fees: $5,170/semester (in-state); $9,879/semester (out of state)
- Required Credits: 120 credits
- Program Length: 4 years
- Learning Format: In-person
- NCES School Graduation Rate: 43%
Bachelor of Science in Statistics Admission Requirements
- GPA: 2.5
- Standardized Tests: ACT/SAT (optional)
- Application Fee: None
- Minimum Education: High school diploma or equivalent
- Other Requirements: None
Applying to Wright State University
- Apply via the Common Application or the Wright State University portal
- Pay the application fee
- Submit your high school transcript
- Submit the program-specific requirements
- Send in your SAT or ACT scores
What Is a Statistics Bachelor’s Degree?
A statistics bachelor’s degree is proof of undergraduate education in this field of study. They can use this proof when applying for jobs in the research and data analysis sectors. A Bachelor’s Degree in Statistics is math and science-intensive, requiring incoming freshmen to get a higher grade in selected math subjects.
How Important Is a Bachelor’s Degree in Statistics?
A statistics bachelor’s degree is very important if you plan on pursuing a career in this field. The premise of this program is that big data, while easily available and accessible, is not useful to businesses in the form of data chunks. It needs to be processed and analyzed before it can be used in businesses and institutions for important decisions.
If you earn a Bachelor’s Degree in Statistics, you can pursue a career as a risk consultant, statistician, research assistant, or data analyst. Being a statistics major can also easily earn you a spot in entry-level jobs in sports, healthcare, sales, marketing, research, and other important industries.
What Types of Bachelor’s Degrees Can You Get in Statistics?
The types of bachelor’s degrees you can enroll in are a bachelor of science (BS) and a bachelor of arts (BA). The former is typically considered the better undergraduate program because it more thoroughly covers basic statistical principles like a normal distribution, standard deviation, data manipulation and analysis, statistical modeling, and probability theory.
On the other hand, a BA is considered more flexible as it gives the student an opportunity to pursue a wider range of subjects than its BS counterpart. It also affords opportunities to expand the program’s interdisciplinary aspect with hands-on experience. With a BA, students can mesh applied statistics with another field of study, be it management, actuarial science, or even the biological sciences.
Is It Better to Get a Bachelor of Science or Bachelor of Arts Degree in Statistics?
Whether it is better to get a Bachelor of Science or a Bachelor of Arts in Statistics depends entirely on the student. If you want to focus on math-intensive statistics subjects like data manipulation, data analysis, and probabilities, it’s better to choose the BS route. Similarly, a BS degree is also more beneficial if you wish to pursue a graduate-level education or a career in research.
However, if you want more variation and think that you will enjoy a statistics curriculum that incorporates practical experience in a wide variety of fields, including computer science, management, accounting, economics, psychology, and biology, then a BA degree is an advisable route.
What Is the Difference Between a Statistics Bachelor’s Degree and a Statistics Certificate?
A Bachelor’s Degree in Statistics is issued by an accredited university after completing 120 course credits, which takes about four years. It is a prerequisite for a higher education degree like a master’s degree or a doctoral degree . This degree can also open up various career opportunities in research and data analysis.
On the other hand, a statistics certificate program is a means of learning statistics at the entry level. It is issued by a vocational school, a technical school, or a community college in preparation for a formal education and cannot substitute for a degree or a diploma. Instead, it’s proof that you’re ready to pursue a bachelor’s or an associate degree in a similar field.
How Much Does It Cost to Get a Bachelor’s Degree in Statistics?
The cost of a statistics bachelor’s degree depends on the institution offering the undergraduate program and whether it is a private or public school. While public schools only require you to pay around $9,349 per year in tuition, private schools can go as high as $32,769 per year and even more.
Moreover, if you pursue your statistics degree in a public university within your own state, you can get a state subsidy that lowers your tuition fee. You might still have to cover other expenses like board and lodging, textbooks, and personal expenditure, but it will be significantly cheaper than going out of state.
How Long Does It Take to Get a Statistics Bachelor’s Degree?
Most Bachelor’s Degrees in Statistics take four years to complete at the rate of 15 credits per semester. However, if you take more credits per semester or even transfer credits from a certification or high school Advanced Placement (AP) course, you can graduate earlier by a semester.
Another factor that can affect the duration of the program is the number of credits. While most universities require 120 course credits to award a statistics bachelor’s degree, there are others that require more. For example, Illinois Institute of Technology requires students to complete 126 course credits. Nonetheless, most deviations in credit requirements still manage to fit within a period of four years.
How Hard Is It to Get a Bachelor’s Degree in Statistics?
In general, it is not very hard to get a Bachelor’s Degree in Statistics, although the level of difficulty would depend on the student. A statistics degree’s curriculum is inclined towards math, science, and related disciplines. If you excel in these particular subjects, a statistics bachelor’s degree will be a breeze. If you are not as confident, earning this degree is still possible but will require more effort and dedication.
Why Should You Get a Statistics Bachelor’s Degree?
If you’re passionate about decrypting data into accessible information that can be used to analyze situations and make important decisions, getting a statistics bachelor’s degree is an obvious career choice. Data is everywhere, but it needs someone skilled and knowledgeable to process it and put it to good use. This is where statistics majors come in and add value.
A statistics bachelor’s degree will lead you to jobs that will employ your capabilities and interests in a wide variety of fields, including pure mathematical sciences, biological sciences, risk management, actuarial science, and even politics. On top of that, a degree in statistics will also help you earn a high salary, considering the competitive world of data analysis is compensated with lucrative pay.
What Courses Do You Need to Take in a Bachelor’s Degree Program in Statistics?
Some of the most common courses taken during a statistics bachelor’s degree program are calculus, linear algebra, probability, and core mathematical statistics. A statistics degree also involves an applicative curriculum. Courses catering to actuarial statistics, business statistics, environmental statistics, and statistical genetics are commonly included, as well.
Calculus
Calculus 1 deals with calculus sequence, and this is where you’ll learn more about continuity, limits, and functions. In Calculus 2, you’ll be learning about different calculus sequences, differential equations, and the integration process. The last course focuses on the functions of applied multivariate statistics. Here, you will also be introduced to real-life variables and applications.
Linear Algebra
Linear algebra teaches you linear equation solutions. This means you’ll be dealing more with the usage of a variable’s highest power to solve complex questions and challenges. The difficulty level of math is not very high in undergraduate courses, but it does involve complex topics like matrices, euclidean vector spaces, linear transformations, and projections.
Probability
As the foundation of statistics, the probability will be an integral part of your statistics curriculum. During this course, you will learn how to quantify different chance events. You’ll start the subject by learning basic theories of probability. As you progress in the course, you will also deal with more complex probability subjects like the Bayes theorem and conditional probability.
Real Analysis
Real Analysis dwells more on the real number systems. It helps you study calculus concepts like continuity and limits and their implementation in solving physical problems. Real analysis aims to prove different calculus theorems with deductive logic. As a result, this course will also help you develop problem-solving skill sets.
Mathematical Statistics
At its core, a statistics degree is going to be math-intensive. Aside from the basic mathematical subjects, you will also have to deal with mathematical statistics, which is a specialized extension of probability theory. This course deals with math in a more rigorous manner, using mathematical and statistical models to measure, organize, and analyze observed datasets.
Continuing Education Paths for Statistics Bachelor’s Degree Graduates
After you earn a Bachelor’s Degree in Statistics, the next step in higher education is to pursue a master’s degree in a related field. Once you’re done with your master’s degree, you can also pursue a doctoral degree in the same discipline. Given that this field of study is dependent on core STEM subjects, there aren’t many alternatives to the traditional education path from a bachelor’s degree to a PhD.
Related Statistics Degrees
What to Look For in the Best Statistics Bachelor’s Degree Programs
When you select a four-year degree, it’s crucial that you get to know the course thoroughly and explore all of its course inclusions before making a decision. But choosing the statistics bachelor’s degree program that best fits your requirements is not an easy task, especially considering the sheer number of options. Here are certain factors to look out for that can make this selection process easier for you.
Provides a Comprehensive Background
As a university freshman, it’s good to have a solid bird’s eye view of the whole course before fully immersing in it. To make sure your degree prepares you well for an actual career in the field, choose a program that starts with the basics and builds on this foundation to introduce you to the nitty-gritty details of a specialization.
Provides the Most Up-to-Date Curriculum
Students start the process of learning when they read and study the applicable theories of a given discipline. This is even more important for core subjects like statistics that continuously evolve with research. Choose a program that spends the right amount of time immersing learners in classic theories while also updating itself to keep up with the latest developments in the field.
Offers Practical Applications of Taught Theories
Most people who are good in school often lack when it comes to applications of any given theory to real-life situations. Theories are one-dimensional when studied from a textbook. However, they become dynamic and flexible if they’re used situationally. Go for a curriculum with a great balance between theories and their applications. This learned flexibility will also help you do better in your job.
Offers Internship Programs
Internships are an excellent opportunity to further the extent of applied knowledge you can gain from your degree. Enrolling in a degree program that allows you to spend a certain number of hours working as an intern in a certain business is a great way of learning hands-on. Such experiences also help you get a feel of your future job, helping you decide whether this is what you want and envision.
Requires a Culmination Project
A good statistics bachelor’s degree program should offer support to its students by encouraging them to take on a capstone project. Here, students come up with a problem or a question that they will solve by simulating real-life solutions and strategies based on everything they’ve learned from the course. This project is also useful for building the student’s portfolio when they seek employment later on.
What Is the Most Affordable Statistics Bachelor’s Degree?
The most affordable statistics bachelor’s degree program is offered by Elizabeth City State University. The program is under the Department of Mathematics, Computer Science & Engineering Technology, and it only costs $3,194 per semester for in-state students and $7,194 per semester for out-of-state students.
Salary and Job Outlook for Statistics Bachelor’s Degree Graduates
Statistics is not an easy field to study. It requires you to be calculated, keen on details, and passionate about making sense of big chunks of data. It also requires you to be patient when dealing with an overwhelming volume of information that needs to be sifted and processed to be useful. However, despite being challenging, it’s also a lucrative career that pays well.
How Hard Is It to Get a Job With a Statistics Bachelor’s Degree?
It is not very hard to get a job with a statistics bachelor’s degree. In fact, statistician jobs are some of the fastest-growing in this digital age. Like any job, you need to have a stellar background to land a job as a statistics major. But when it comes to hiring, academics are often seen at par with industrial experience and analytical capacity.
To show that you’re competent enough to tackle the responsibilities given by your employer, you have to first work on your resume and portfolio. Highlight courses, experiences, and achievements that show you’re the right fit for the position and can add value to your client’s business.
What’s the Average Statistics Bachelor’s Degree Salary?
According to the US Bureau of Labor Statistics (BLS), statisticians enjoy a yearly pay of $96,280 , which breaks down to $46.29 hourly. As of 2020, the BLS recorded a total of 44,800 jobs for statistics majors and a job outlook of 33 percent. This means that the field is competitive, which is also why the job is high-paying.
What Types of Jobs Can You Get With a Statistics Bachelor’s Degree?
With a bachelor’s degree in statistics, you become a highly in-demand resource to businesses and industries dealing with large data volumes in a wide variety of sectors. If you are keen on academia, there are also multiple career opportunities that can help you find your niche in research. Here are some of the most enticing and well-paying jobs for statistics degree holders at the undergraduate level.
Statistics Degree Jobs
- Data Analyst
- Financial Risk Analyst
- Insurance Underwriter
- Market Researchers
- University Professor
Potential Careers With a Statistics Degree
How Much Money Can You Make With a Bachelor’s Degree in Statistics?
The US Bureau of Labor Statistics states that entry-level statisticians enjoy a median wage of $96,280 yearly. As you gain more experience and acquire certifications, you can also expect your rate to go higher. Plus, if you take on challenging projects or more complex roles, you can also expect a significant leap in your annual income in the form of bonuses and promotions.
Highest-Paying Statistics Bachelor’s Degree Jobs and Salaries: Overview
| Statistics Bachelor’s Degree Jobs | Average Salary |
|---|---|
| Data Analyst | $82,360 |
| Financial Risk Analyst | $81,410 |
| University Professor | $79,640 |
| Insurance Underwriter | $76,390 |
| Market Researcher | $63,920 |
Best Jobs for Statistics Bachelor’s Degree Grads
Below are some of the most sought-after and most highly paid jobs suited for statistics bachelor’s degree-holders. You can use the data here as inspiration and motivation for why you should aim for a statistics degree.
Data Analyst
Average Salary: $82,360
As a data analyst, you will be tasked to manage and make sense of large data sets to help key business decision-makers reach well-informed decisions. You will also be responsible for finding trends and patterns within this data to nullify or back a hypothesis, or alternatively, to base a new hypothesis.
- Average Salary: $82,360
- Job Outlook: 25% job growth from 2020 to 2030
- Number of Jobs: 104,100
- Highest-Paying States: Massachusetts
Financial Risk Analyst
Average Salary: $81,410
As a Financial Risk Analyst, you will be giving sound business advice to businesses and private individuals about their finances. To do this job efficiently, you’ll gather financial data, check trends, and come up with a hypothesis. Your advice will be the basis of your client’s decision on whether or not they’ll start investing.
- Average Salary: $81,410
- Job Outlook: 6% job growth from 2020 to 2030
- Number of Jobs: 492,100
- Highest-Paying State: New York
University Professor
Average Salary: $79,640
A university professor will surely be one of the highest-paid statistics graduates because their task involves teaching and molding new statisticians while they learn in the university.
- Average Salary: $79,640
- Job Outlook: 12% job growth from 2020 to 2030
- Number of Jobs: 1,276,900
- Highest-Paying State: California
Insurance Underwriter
Average Salary: $76,390
The role of an insurance underwriter is to assess the profile of an insurance policy applicant, identify risks, and give inputs as to whether or not it’s profitable for the firm to allow the said person to be insured.
- Average Salary: $76,390
- Job Outlook: -2% job growth from 2020 to 2030
- Number of Jobs: 119,400
- Highest-Paying State: District of Colombia
Market Researcher
Average Salary: $63,920
Market researchers are tasked to find trends among the business’ target markets to identify buying patterns and customer behavior that can help improve the product or services of the brand. The market researcher often uses large data to seamlessly go through this task.
- Average Salary: $63,920
- Job Outlook: 22% job growth from 2020 to 2030
- Number of Jobs: 740,900
- Highest-Paying State: Washington
Best Jobs According to Your Major
Is a Bachelor’s Degree in Statistics Worth It?
Yes, a Bachelor’s Degree in Statistics is worth it, based on the salary, job outlook, and the number of jobs currently offered. The degree teaches you useful concepts and strategies that make you valuable to employers across a very broad range of industries. Most of the jobs also have high outlooks, which means that they can support growth within your career.
Additional Reading About Statistics
Statistics Bachelor’s Degree FAQ
You can choose numerous career paths with a statistics bachelor’s degree. You can work in academia, large corporations, the retail industry, operational research, and even do freelance work as an analyst on the side. Data is relevant to nearly all institutions, most of which need help in processing these data chunks to make them palatable for business decisions.
Yes, you can earn a Bachelor’s Degree in Statistics online. There are numerous schools that offer purely online setups to help students complete their studies and earn a degree. Alternatively, there are also hybrid learning models that require minimal in-person attendance limited to exams and oral tests.
The median wage for a statistics bachelor’s degree holder falls somewhere between $65,000 to $80,000 per year. As this range is well above the average annual income of $58,260, you can say that an undergraduate statistics degree earns a fairly high salary.
According to College Factual, from 2019 to 2020, statistics ranked as the 88th most popular and most common major for university students. This is a strong indication of popularity, especially considering that the competition was among 9,599 other degrees. The very high number of jobs for statisticians is another indicator that this degree is in demand.
