Types of Degrees Statistics Majors Are Getting
The following table lists how many statistics graduations there were in 2018-2019 for each degree level.
|Education Level||Number of Grads|
What Statistics Majors Need to Know
In an O*NET survey, stats majors were asked to rate what knowledge areas, skills, and abilities were important in their occupations. These answers were weighted on a scale of 1 to 5 with 5 being the most important.
Knowledge Areas for Stats Majors
This major prepares you for careers in which these knowledge areas are important:
- Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
- English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
- Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
- Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
- Education and Training - Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.
Skills for Stats Majors
The following list of skills has been highlighted as some of the most essential for careers related to stats:
- Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
- Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
- Mathematics - Using mathematics to solve problems.
- Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
- Speaking - Talking to others to convey information effectively.
Abilities for Stats Majors
As you progress with your stats degree, there are several abilities you should pick up that will help you in whatever related career you choose. These abilities include:
- Written Comprehension - The ability to read and understand information and ideas presented in writing.
- Deductive Reasoning - The ability to apply general rules to specific problems to produce answers that make sense.
- Inductive Reasoning - The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
- Oral Comprehension - The ability to listen to and understand information and ideas presented through spoken words and sentences.
- Mathematical Reasoning - The ability to choose the right mathematical methods or formulas to solve a problem.
What Can You Do With a Statistics Major?
People with a stats degree often go into the following careers:
|Job Title||Job Growth Rate||Median Salary|
|Clinical Data Managers||33.9%||$87,780|
|Clinical Research Coordinators||9.9%||$123,860|
|Mathematical Science Professors||9.4%||$73,230|
|Natural Sciences Managers||9.9%||$123,860|
Who Is Getting a Master’s Degree in Statistics?
At the countrywide level, the racial-ethnic distribution of stats majors is as follows:
|Race/Ethnicity||Number of Grads|
|Black or African American||53|
|Hispanic or Latino||107|
Stats appeals to people across the globe. About 62.1% of those with this major are international students. The most popular countries for students from outside the country are:
- South Korea
- Saudi Arabia
How Much Do Statistics Majors Make?
Master’s Degree Starting Salary
The median early-career salary of statistics students with a master’s degree is $81,500 a year according to 2017-2018 data from the U.S. Department of Education. During this timeframe, most salaries fell between $73,750 (25th percentile) and $91,950 (75th percentile).
It’s important to note that just because the people reporting these salaries have a degree in stats, it does not mean that they are working in a job related to their degree.
Salaries According to BLS
Average salaries range from $87,140 to $116,250 (25th to 75th percentile) for careers related to stats. This range includes all degree levels, so you may expect those with a more advanced degree to make more while those with less advanced degrees will typically make less.
To put that into context, according to BLS data from the first quarter of 2020, the typical high school graduate makes between $30,000 and $57,900 a year (25th through 75th percentile). The average person with a bachelor’s degree (any field) makes between $45,600 and $99,000. Advanced degree holders make the most with salaries between $55,600 and $125,400.
Amount of Education Required for Careers Related to Statistics
Some degrees associated with stats may require an advanced degree, while others may not even require a bachelor’s in the field. In general, the more advanced your degree the more career options will open up to you. However, there is significant time and money that needs to be invested into your education so weigh the pros and cons.
Find out what the typical degree level is for stats careers below.
|Education Level||Percentage of Workers|
|High School Diploma - or the equivalent (for example, GED)||1.1%|
|Post-Secondary Certificate - awarded for training completed after high school (for example, in agriculture or natural resources, computer services, personal or culinary services, engineering technologies, healthcare, construction trades, mechanic and repair technologies, or precision production)||1.2%|
|Associate’s Degree (or other 2-year degree)||1.9%|
|Post-Baccalaureate Certificate - awarded for completion of an organized program of study; designed for people who have completed a Baccalaureate degree but do not meet the requirements of academic degrees carrying the title of Master.||5.5%|
|Post-Master’s Certificate - awarded for completion of an organized program of study; designed for people who have completed a Master’s degree but do not meet the requirements of academic degrees at the doctoral level.||0.5%|
|First Professional Degree - awarded for completion of a program that: requires at least 2 years of college work before entrance into the program, includes a total of at least 6 academic years of work to complete, and provides all remaining academic requirements to begin practice in a profession.||2.7%|
Online Statistics Programs
In the 2018-2019 academic year, 261 schools offered some type of statistics program. The following table lists the number of programs by degree level, along with how many schools offered online courses in the field.
|Degree Level||Colleges Offering Programs||Colleges Offering Online Classes|
|Certificate (Less Than 1 Year)||10||0|
|Certificate (1-2 years)||2||1|
|Certificate (2-4 Years)||0||0|
|Doctor’s Degree (Research)||85||0|
|Doctor’s Degree (Professional Practice)||0||0|
|Doctor’s Degree (Other)||0||0|
Is a Degree in Statistics Worth It?
The median salary for a stats grad is $92,600 per year. This is based on the weighted average of the most common careers associated with the major.
This is 132% more than the average salary for an individual holding a high school degree. This adds up to a gain of about $1,054,000 after 20 years!
Majors Related to Statistics
You may also be interested in one of the following majors related to stats.
|Major||Number of Grads|
- College Factual
- College Scorecard
- National Center for Education Statistics
- O*NET Online
- U.S. Bureau of Labor Statistics
- Usual Weekly Earnings of Wage and Salary Workers First Quarter 2020
- Image Credit: By QWFP under License
More about our data sources and methodologies.