When we are talking about statistics, we are talking about numerical facts. An essential branch in the tree of knowledge, statistics enables you to establish a better understanding of the collection, presentation, analysis, and interpretation of data. A simple definition of statistics is that it is effectively presenting large amounts of data in an approachable way to the common man. The requirement for statisticians is vast across the globe in every industry. According to the US News, Statisticians are ranked #1 in Best Business Jobs, salaries, job market, and growth. The median salary for statisticians $73,184. In this guide, we will walk you through how to get an online master’s in statistics that will help your career to grow in this vast and growing field.
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According to the Bureau of Labor Statistics, there is a never-ending rise in demand for good statisticians. With the qualification of statistics education, one can find endless job opportunities in both the public and private sectors. Statistics is also an evolving field. With the introduction of computer technology, the statistics field is going through a phase of major transition. In this computer age, data scientists are creating sophisticated algorithms to read and analyze the data. And they heavily rely on statistics for creating an using these data science technologies. These fields are becoming diverse, and they are progressing into technologies such as Big Data, Machine Learning, and Data Analytics. Read more about Computer Data Science here. In the below best online master’s in statistics programs, we listed some data analytics subjects that heavily use statistical concepts. Using our custom methodology, we created a list of best online master’s in statistics rankings below:
Understanding an Online Master’s in Statistics Program
In today’s time and age, where the data collection is sure to be never-ending, statistics programs play a constructive role in the collection, organizing, analysis, and presentation of the data. It not only helps them in making the right decisions to work but also improve the many segments and aspects of a company. Here is the breakdown of online master’s in statistics programs:
Online Master’s in Statistics Degree Types
For a detailed and better understanding of this subject, different universities offer Masters in Statistics in different formats. Here are the three different types of degrees.
MAS Degree – Master of Arts in Statistics
In today’s data dominated employment structure, the Masters of Arts in Science degree is a boon, as it allows you not just to collect and analyze data but also to obtain meaningful questions from which they are sure to achieve precise and significant results.
Masters of Science in Statistics Online
Master of Science degree in statistics refers to the advanced training course, which deals with mathematical and applied statistics in an elaborated research environment.
Masters of Business Administration in Statistics
One of the most popular courses. An MBA in statistics offers to educate a person with skills and knowledge that is vital for students to draw inferences and conclusions from a wide variety of data.
Specializations for an Online Master’s Statistics
Online Master’s Course in Statistics is both an affordable option for the students and a great enhancer of statistical skills and their careers. The online programs do not differ much from the regular brick and mortar institutions, as the tutors here also closely monitor the regulation of the course among the students. The specializations for an Online Master’s Statistics consists of:
Area of Focus
Specialization in Applied Statistics helps the students in enhancing a variety of skills such as managing ‘big’ data, ability to make inferences using current and the evolving methodologies, and many more. The knowledge of applied statistics helping in preparing for data analytic and computing skills, paving the way for better career opportunities. Here are a few universities that offer online masters in applied statistics: University of Kentucky, Lexington University of South Carolina
Statisticians Data Scientists Statistical Analysts
This specialization is related to public health, healthcare professionals, and everyone who comes under this umbrella. Knowledge of Bio-Statistics is required for every individual who is involved in collecting summary statistics from the public health and biometrical data, adapt enough to evaluate and interpret the outcome of various regression methods. Here are a few universities that offer an online master’s in biostatistics: University of Florida, Gainesville University of Louisville
Bio-statisticians Research Analysts
Probability and Statistics
Probability and Statistics are two different parts and specializations of Statistics. In the ‘Probability’ class, the students are taught the probability of events happening and related calculations. Whereas the ‘Statistics’ course comprises broad types of methods to get the actual statistics results that are numbers you can use to generalize about population. It is mostly used for the survey and poll purposes of the people.
Mathematicians Operations Analysts Market Research Analysts
Study of human behavior, social environment, and representing the same in the form of statistical data is Social Statistics. It is a collection of data or knowledge on an individual, object, or occurrence of an event. Here are a few universities that offer an online master’s that includes social statistics: Fayetteville State University Arizona State University
Economists Social workers
Statistics Vs Applied Statistics
The general difference between statistics and applied statistics is that of why and how to let us look at the differences in a better light. Statistics deal with scientific discipline and are a branch of mathematics. In contrast, applied statistics is a term commonly used for the non-mathematical courses, which focus largely on how the statistic tools can be applied for data analysis. While statistics is a mathematical science that deals with data collection, presentation, analysis, and interpretation, applied statistics is about calculation from the data in a sample that could be related to a person, an event, etc.
Skills Gained in an Online Master’s in Statistics Program
If you are still doubtful about the many advantages of an online graduate statistics course, then here is a list of pointers that is sure to help create a clearer picture for you.
It enables one to conduct researches effectively. Without statistics, it is impossible to keep a check on the graphs, which are a clear indicator of the progress made. If there is no data for comparison, one will never find out if they are moving forward or backward.
Online graduate statistics courses are a great way to enable one with efficiency in reading journals. Without a clear understanding of the statistics, the information on the journals is sure to be meaningless. Basic knowledge of statistics not only enables you with the fundamental skills required to read and evaluate journals but also to enrich and enhance your experience.
It acts as a booster for critical and analytic thinking skills.
Knowledge of any kind can never go waste. With excellence guaranteed in statistics, you must have a clear and better understanding of any given information. Right from establishing you as an expert in conducting research, to be able to evaluate and understand journals, further enhance critical thinking and analytical skills to be an informed customer, statistics are sure to enable you to acquire the right set of skills. Here are some of the courses that will thrive your skills being a statistician:
Basic probability theory, random events, dependence and independence, random variables, moments, distributions of functions of random variables, weak laws of large numbers, central limit theorems.
Analysis of data involving variables of a definite nature. Independence/association test for contingency tables, exact tests for small counts, generalized linear models, logistic regression models for binary response variables, log-linear models for count data, analyses of ordinal variables, multi-category logit models for multiple category responses, and applications.
Applied Bayesian Analysis
Introduction to Bayesian concepts of statistical inference; Bayesian learning; Markov chain Monte Carlo methods using existing software [SAS and OpenBUGS]; linear and hierarchical models; model selection and diagnostics.
A theoretical treatment of statistical inference, including sufficiency, estimation, testing, regression, analysis of variance, and chi-square tests.
Analysis of research data through simple and multiple regression and correlation; polynomial models; indicator variables; step-wise, piece-wise, and logistic regression.
Online Master’s in Statistics Admission Requirements
The one course that has been gaining immense popularity with the many opportunities it has to offer is statistics. With a huge demand for good statisticians across the globe, a large number of students are heading in this direction. However, before you start your journey towards the path of statistics programs, some universities have these qualification pre-requisites:
A year of single variable calculus
A course in multivariable calculus
A course in linear algebra
A course in statistics
A course in computer programming
Application form and fees
Some universities want GREor GMAT scores for admissions
Transcripts form undergraduate degrees
Letters of recommendation
Statement of Purpose
Accreditation for Online Master’s in Statistics Degrees
Accreditation is the process in which credit or recognition is granted to educational institutions with suitable standards. The primary purpose of accreditation is to improve education quality and enhance public accountability. Read the Accreditation Guide here. An Online Master’s in Statistics is generally offered by business or math schools within a university, and regional or national level bodies accredit most business schools. Below is one such agency that issues accreditation to statistics programs.
PStat® accreditation represents a demonstrated level of educational and professional experience, and this acts as a measurement of accomplishment in society.
GStat accreditation is an entry-level of accreditation that is also a preparation for PStat® qualification.
Online Masters in Statistics No GRE Programs
All those out there aspiring for a career in statistics, the good news is that many universities worldwide are now admitting students with no GRE program requirement. It indicates that you do not have to go through the hassle of GREs to pursue your passion.
Below are a few universities that do not need GRE for admission
North Carolina State University, also known as NC State, offers Online Master’s in Statistics through their online learning facilities. NC State offers more than 40 online masters programs. Admission requirements for the Online Master’s in Applied Statistics include a bachelor’s degree from an accredited institution and mathematics background. The average in-state graduate fee is $9,095 per year, the overall graduation rate is 82%, and the application fee is $85.
The University of Idaho offers Online Master’s in Statistical Science through its engineering outreach program. The University of Idaho offers more than 20 online graduate programs and is famous for its affordable tuition fees. Admission requirements for the Online Master’s in Statistical Science include a bachelor’s degree from an accredited institution and mathematics background. The average in-state graduate fee is $7,754 per year, the overall graduation rate is 56%, and the application fee is $60.
Pennsylvania State University, also known as Penn State, offers Online Master’s in Applied Statistics through their world campus online learning facilities. Penn State is a very popular online school and offers more than 40 online masters programs. Admission requirements for the Online Master’s in Applied Statistics include a bachelor’s degree from an accredited institution and mathematics background. The average in-state graduate fee is $21,682 per year, the overall graduation rate is 62%, and the application fee is $65.
How to Pay for Online Master’s in Statistics
There is no denying that good education from a good institute is sure to burn a hole in the pocket. There are a variety of options for paying for an online master’s program. See the Best Financial Aid Guide to find out more about financial aid and paying for online master’s programs in statistics using FAFSA and other sources. Some scholarships are available for online master’s students pursuing statistics. By availing scholarships, they not only get a chance to pay a considerable sum of their tuition fee but also take care of other expenses like living, accommodation, transport, etc. Here are some scholarships for students that are pursuing online masters in statistics:
Edward C. Bryant Scholarship: Edward C Bryant Scholarship is awarded to students to graduate students for outstanding survey in statistics. The award criteria include performance in graduate school, contribution to survey statistics, and applied experience in survey statistics. Award amount: $2,500 Deadline: Mar 1
Ellis R. Ott Scholarship: American Society for Quality, Statistics Division administers the Ellis R. Ott Scholarship award for graduate degree students in Applied Statistics or Quality Management. The award criteria include academic achievement, career objectives, demonstrated ability in the statistical field, etc. Award amount: $7,500 Deadline: Apr 1
Gertrude M. Cox Scholarship: American Statistical Society administers the Gertrude M. Cox Award for women graduate degree students pursuing a degree in statistics. The goal of the award is to encourage women into statistically oriented professions. Two awards are handed out each year: one for women entering the graduate program and another for women in advanced stages of training. Selection criteria include academic achievement, career objectives, demonstrated ability in the statistical field, etc. Award amount: $1,000 Deadline: Feb 23
John J. Bartko Scholarship: American Statistical Society administers the John J. Bartko Scholarship award for graduate degree students in Statistics or Biostatistics’ programs. The selection process involves applicants, to write a personal essay about personal goals, about the American Statistical Society conference, and real-world applications of statistics. Award amount: $1,000 Deadline: Dec 2
Careers and Salary Outlook for Online Master’s in Statistics Graduates
Over the years, statistics have become one of the most preferred career choices for students. Since this is one part of the highly required knowledge in almost all sectors and industries, the immense rise in demand of good statisticians comes as no surprise. With statistics being used in various fields such as business, agriculture, scientific, computer sciences, etc. There are endless opportunities for a student in statistics in private as well as government sectors. According to resources like the Bureau of Labor Statistics and PayScale, there are top respondents for Statistician profiles from many top companies. It is reportedly mentioned that the salary for this title is highest, with the average pay of $79,913 and the lowest being $68,152. Companies like the US Census Bureau and State Farm Insurance Company, University of Michigan, and Monsanto Company fall under the high payer range.
Job Growth (2018-2028)
Collection, analyzation, and presentation of the data relevant to the employer.
Evaluation of political systems using statistical analysis
Statisticians use quantitative data and apply mathematical and statistical models to solve real-world problems for businesses, corporations, countries, etc.
Operations Research Analyst
Organizations employ these analysts to solve and prevent issues from arising in the future.
Using statistical analysis, medical scientists explain human health.
Improvement of social issues and government policies using statistics.
Certifications and Licensing for Statistics Graduates
Certifications and licenses are an extremely vital part of any origination. It authenticates their origin and demonstrates a level of skill and knowledge that is necessary to perform a specific job. Non-governmental bodies offer certifications, whereas government agencies give licenses. Some of the certifications given by the universities are mentioned below:
American University – Applied Statistics (Graduate Certificate) is the certification program offered by the university.
Additional Resources for Statistics Professionals
Statistics can help us a lot in the determination and analysis of various concepts from every industry. For individuals opting for statistics as a career or for pursuing higher education, this subject is the right choice for both professional and academic purposes. As the employment opportunities for statistics are on the rise, the master’s credential gives an added advantage to the employee/professional. Here are some of the resources that help in the thriving of Statistics across the globe.
The American Statistical Association – The American Statistical Association is the world’s largest community of statisticians that have been promoting statistical practice across the globe by supporting excellence in the development, application, and dissemination of statistical science through various methods.
Institute of Mathematical Statistics – Institute of Mathematical Statistics is an international professional and scholarly institute dedicated to the development and application of statistical knowledge.
Statistics without Borders (SWB) – Statistics without Borders (SWB) is a volunteer Outreach Group of American Statistical Organization (SAS), which is involved in providing voluntary services in statistics. The group helps individuals who are seeking knowledge in the subject by learning and applying.
International Statistical Institute – International Statistical Institute leads, supports and promotes the understanding, development, and good practice of statistics worldwide.
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