Finding the right college to stay for the next 4 years is no easy task, especially when you pick a very extensive major, such as statistics. As a statistics major, you will learn about statistical theory and develop your math skills in order to produce valuable information and learn more about demographics. When it comes to being a statistics major, it's very important that individuals network if they prefer to pursue a career outside the education field.
However, it is also worth considering all possible careers, prior to picking a major, so that your long term career is the right fit for you. These undergraduate programs will give you the best education possible to ensure that your college education is worthwhile!
- Benefits of Obtaining a Statistics Degree
- Best U.S Based Colleges
- Best International Colleges
Benefits of Obtaining a Statistics Degree
It is no secret that as years go by, there is a constant surge of technological advancement and demand for understanding and computing data. Being a statistics major comes with many perks, one of them being that it is not a commonly impacted major. This means that you will have a higher chance at getting admission into your top dream schools while also not having the burden of having your class fill up too quickly! From the years 2022-2023, the demand for statisticians has grown by 30% So not only will you receive school security, but in the future you will also have a high job security as well, which sounds like a win-win!
What makes this major so intriguing is the fact that job opportunities are extremely diverse, and tend to pay well. On average, statisticians earn a median salary of $98,920 and top earners can have the potential to make $129,060. As a stats major you will learn about the importance of probability, statistical computing, experimental design, and much more. As a result of these educational tools, you will also indirectly learn valuable skills such as effective communication and how to organize data visually. When it comes to a major that, in some career options, offers a flexible schedule it truly is hard to pass up on the opportunity to become a statistics major.
U.S Based Colleges for Statistics Majors
Stanford University, Stanford, California
Although it is not technically an Ivy league school, there is no denying that attending Stanford does not come with some prestige. Stanford is often hallmarked for its high selectivity as well as its academic excellence, and is regarded as the best college in the United States for statistics. What sets it apart from the rest is the fact that, when it comes to the statistics department, they pride themselves on allowing students to truly master their knowledge in hands-on research.
Not only does this allow for students to apply the fundamentals that they have learned in class, but it also allows them to take their education into their own hands and further advance the world through their findings.These research opportunities are highly valuable when it is time for students to start building their resumes for internships and future jobs.
Here are a few undergraduate programs Stanford offers:
- B.S in Statistics
- Minor in Statistics
- Data Science Minor
- Summer Research in Statistics (undergraduate program)
- M.S in Statistics
- M.S Statistics Data Science
With an acceptance rate of 4% and an average annual tuition of $85,391, getting into Stanford is a very distinguished accomplishment. However, if you are up for an academic challenge then this is the place to be! With a beautiful location, and various opportunities to network both during and after your undergraduate program, Stanford can open up many doors when it comes to your future career.
Massachusetts Institute of Technology (MIT), Cambridge, Massachusetts
Similar to Stanford, MIT is often confused with being an Ivy league institution.You will feel right at home being a statistics major at MIT, since it is one of the most accredited schools for STEM. Alumni who have attended MIT are known to build strong and long lasting relationships which benefits students tremendously when it comes to networking. What makes MIT so notable for a statistics major is the fact that they offer diverse and specialized courses in the subject such as Special Subject in Mathematics - High-Dimensional Statistics and Topics in Bayesian Modeling and Computation.
These courses combine the fundamentals of statistics with computation methods in order to give students an extremely well-rounded and practical education that prepares them for their future endeavors. Those who attend MIT, and major in statistics, have a 95.4% graduation rate. From that data alone, it is clear that the mathematical faculty does an excellent job at helping students succeed.
Here are a few undergraduate programs MIT offers:
- Bachelor of Science in Mathematics with Statistics and Data Science
- Minor in Statistics and Data Science
- PhD in Statistics
- Master's in Data, Economics, and Development Policy
- MIT Statistics Club
- MIT Big Data Initiative (program)
With an acceptance rate of 4% and an average annual tuition cost of $82,546, it is highly competitive much like Stanford. However, it is important as an aspiring student to recognize that anything is truly possible, even when the odds are low! Don’t sell yourself short and apply to MIT!
California Polytechnic State University, San Luis Obispo, California
California State Universities also offer diverse educational opportunities for a variety of different majors! California Polytechnic State University, also known as Cal Poly SLO, is no exception. Similar to MIT, Cal Poly is often regarded as one of the best colleges that tend to be STEM oriented. What makes Cal Poly SLO so impactful is the fact that it is also often known for incorporating a “learn by doing” teaching philosophy that allows students to have a hands-on learning experience that somewhat mimics the effectiveness of an internship. With over 70 major options, there is something for everything at Cal Poly SLO.
Here are a few undergraduate programs Cal Poly SLO offers:
- B.S in Statistics
- Actuarial Preparation Minor
- Cross Disciplinary Studies Minor in Data Science
- Statistics Minor
With an acceptance rate of 30.4% and an annual tuition cost of $11,868, Cal Poly SLO is a more affordable option, compared to the previous schools. However, that does not mean that the education received there is any less valuable!
International Colleges for Statistics Majors
University of Oxford, England, UK
University of Oxford, located in England, is one of the most well-known schools in the United Kingdom. The University of Oxford is the second oldest institution in the world and has produced 28 Nobel Prize winning alumni. When it comes to statistics, Oxford offers an interdisciplinary approach to the major and truly encapsulates how it can be applied to a variety of different subjects such as biology, pharmacology, and economics. Similar to Stanford, Oxford is a highly reputable institution with a lot of credibility. Therefore, educational skills regarding theoretical and applied statistics are seen as highly valuable and can open up various opportunities for post-graduate students!
Here are a few undergraduate programs Oxford offers:
- Mathematics and Statistics
As opposed to other universities mentioned, Oxford has a slightly higher acceptance rate of 17% and an annual tuition cost of $12,488 for UK/EU students or $36,180 per year for international students. Learn more about the subject that you love, and this endearing city in England, by applying to Oxford today.
ETH Zurich (Swiss Federal Institute of Technology), Zurich, Switzerland
The Swiss Federal Institute of Technology offers extensive programs and well structured programs in both data science and statistics. What also makes this institution unique is that it often collaborates with industries in order to allow students to have a practical approach to what they have learned in class. These collaborative projects allow for students to get a feel for what their likes and dislikes are, which makes it easier for them to discover what career path they choose to do!
Here are a few undergraduate programs The Swiss Federal Institute of Technology offers:
- B.S in Data Science
- B.S in Mathematics
- M.S in Data Science
- M.S in Mathematics
- PhD Statistics
The Swiss Federal Institute of Technology has a 27% acceptance rate and an annual tuition cost of $2,956 per year for a Bachelor’s degree and $3,598 per year for a Master’s degree. With this low tuition rate, don’t pass up on the opportunity to explore the beautiful country of Switzerland.
Why Does a Degree in Statistics Matter?
Statistics majors pave the way for innovation and also help document the current state of society through modeling and predictive forecasting. Not only do they make information comprehensible for the public, but they also help shape and impact public opinions through their findings. Although we’ve reached the end of this article, that doesn’t mean that your career exploration has to stop here! It is important to explore the wide variety of majors and colleges that exist in order to ensure that you are making the decision that feels right for you! Whether you want to attend a school in the United States or you wish to broaden your knowledge of other cultures by going international, remember that everyone’s educational path is unique!
