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Statistics Major

7,930 yearly degrees
#120 in popularity
$93,000 median salary

Statistics is a major that typically falls into the Mathematics & Statistics category.

There are 3 programs available throughout the country that offer an associate’s degree in stats, 174 that offer a bachelor’s degree, and 166 that offer a master’s degree. There are also at least 81 schools in the nation where you can get your doctorate degree in the field.

Who Is Getting a Stats Degree?

Statistics is one of the least chosen majors in the country, ranked #101 in popularity. About 3,400 students graduated with a bachelor’s degree in the field in 2017. This major tends to be male dominated. About 56.2% of recent graduates are men.

Racial Distribution

At the countrywide level, the racial distribution of stats majors is as follows:

  • Asian: 19%
  • Black or African American: 1.5%
  • Hispanic or Latino: 5.5%
  • White: 38.4%
  • Non-Resident Alien: 30.6%
  • Other Races: 5.1%
Statistics Majors Ethnic Diversity Statistics

Americans aren’t the only ones with an interest in stats. About 30.6% of those graduating in 2017 were international students. The most popular countries sending stats majors to the U.S. are China, South Korea and India.

What Will You Learn as a Statistics Major?

An O*NET survey asked people with careers related to stats to rate how important certain subject areas were to their job. The following are some of the results of that survey. Importance was rated on a scale of 1 to 5 with 5 being most important.

Knowledge Areas for Stats Majors

This major prepares you for careers in which these knowledge areas are important:

Important Knowledge Areas for Statistics Majors

Skills for Stats Majors

The following list of skills has been highlighted as some of the most essential for careers related to stats:

Important Skills for Statistics Majors

Abilities for Stats Majors

A major in stats will prepare for your careers in which the following abilities are important:

Important Abilities for stats Majors

What Can You Do With a Stats Major?

Below is a list of occupations associated with stats:

Careers Related to Statistics
Job Title Job Growth Rate Median Salary

Mathematicians

29%

$101,900

Mathematical Science Professors

9.4%

$73,230

Clinical Data Managers

33.9%

$87,780

Actuaries

22.5%

$102,880

Natural Sciences Managers

9.9%

$123,860

Clinical Research Coordinators

9.9%

$123,860

Statisticians

33.9%

$87,780

Survey Researchers

2.1%

$57,700

Statistics Major Salary

Stats majors often go into careers where salaries can range from $87,000 to $116,000. 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, the typical high school graduate makes between $29,000 and $57,000 a year. The average person with a bachelor’s degree (any field) makes between $44,000 and $99,000. Advanced degree holders make the most with salaries between $55,000 and $120,000.

Average Salary for a Stats Major  ( 87000 to 116000 )
$0
$200k
Average Salary for High School Graduate  ( 29000 to 57000 )
$0
$200k
Average Salary with Bachelor's Degree  ( 44000 to 99000 )
$0
$200k
Average Salary with Advanced Degree  ( 55000 to 120000 )
$0
$200k

Your salary will be largely dependent on the career path you follow and what area of the country (or world) you work. Getting a graduate degree may open up more options with higher salary potential.

Amount of Education Required for Statistics Major Jobs

Some careers associated with stats may require an advanced degree, while others may not even require a bachelor’s in the field. Whatever the case may be, pursuing more education usually means that more career options will be available to you.

Find out what the typical degree level is for stats careers below.

Education Levels for Careers Associated With Statistics
Level of Education Percentage of Workers

Less Than a High School Diploma

0%

High School Diploma or Equivalent

1.1%

Post-Secondary Certificate

1.2%

Some College Courses

0%

Associate's Degree or Equivalent

1.9%

Bachelor's Degree

40.4%

Post-Baccalaureate Certificate

5.5%

Master's Degree

26.7%

Post-Master's Certificate

0.5%

First Professional Degree

2.7%

Doctoral Degree

16.1%

Post-Doctoral Training

4.4%

Online Statistics Programs

There are 174 colleges that offer a bachelor’s degree in statistics, with 1 of them offering at least some courses online.

Online learners must listen or watch video lectures, participate in group chats or forums, submit papers and assignments electronically, take tests, and meet deadlines.

Online learners benefit from being able to watch lectures remotely and complete coursework on their schedule, but they also take longer to graduate than average and are more likely to dropout.

Is a Statistics Major Worth It?

The median salary for a stats grad is $93,000 per year. This is based on the weighted average of the most common careers associated with the major.

This is 138% more than the average salary for an individual holding a high school degree. This adds up to a gain of about $1,074,000 after 20 years!

statistics salary compared to typical high school and college graduates over a 20 year period

References

Bureau of Labor Statistics
National Center for Education Statistics
O*NET Online
Image Credit: QWFP via License

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