Online Degree Programs for Statistics

Sexy and statistics aren’t two words that usually go together, but a new age of data-driven possibilities has one chief economist at Google anointing statisticians the "sexy job in the next 10 years." Statistics is the "science of learning from data, and of measuring, controlling, and communicating uncertainty," according to the American Statistical Association. Statisticians are trained to use data to solve social, economic, medical, political, and ecological problems. They may mine statistical data to improve a search engine, determine unemployment rates to help better allocate government resources, or conduct cancer research ó the possibilities of monitoring and measuring data are seemingly endless. Thanks to the digital age, more information is available than ever before, demanding a greater number of trained statisticians to analyze and process it. Statistics can be studied at most degree levels through online college degree programs, though statisticians generally enter the occupation with a master’s degree.

Online Bachelor’s Degree Programs for Statistics

In online bachelor degree programs students typically study theoretical and applied statistics, with an emphasis on computer-based statistical analysis. They may take courses in mathematics and applied computing, as well as business, public health, criminal justice, or biology. Specific courses in statistics might include design and analysis of experiments, statistical computing, quality improvement, and multivariate analysis. Upon completion graduates of bachelor’s degree programs in statistics may be prepared for employment in entry-level positions as statisticians, or for graduate study in statistics or a related field. Accelerated online degree programs in statistics would be beneficial to those who plan on studying statistics at the bachelor’s and master’s levels as it can save you both time and money.

Online Master’s Degree Programs for Statistics

A master’s degree is the gateway to a career in statistics. According to the U.S. Bureau of Labor Statistics (BLS), most statisticians enter the occupation with a master’s degree in statistics, mathematics, or survey methodology. During an online masters degree programs in statistics, students may take courses in statistical analysis, regression analysis, methods in time series analysis, statistical bioinformatics, and data programs. The best online degree programs may also require students to complete a research project in a specialized area. Upon completion they may go on to statistician positions in almost any field, including education, science, technology, government, and business.

Online Doctoral Degree Programs for Statistics

An online degree program in statistics at the doctorate level would be geared toward research and academic jobs. Students may have the opportunity to prepare for research careers in either applied or theoretical statistics. Core classes may cover advanced topics in statistics, such as asymptotics, bootstrapping, decision theory, multivariate analysis, sequential analysis, and time series. Students are also required to complete and present a dissertation in an area of their choosing. Upon completing online degree programs statistics Ph.D. candidates may go on to hold academic positions in colleges and universities or advanced research positions for corporations or government agencies.

Online Degree Programs in Statistics in the Work Place

Statistical analysis is used to inform decisions in a variety of industries, and there are new areas for analysis as the Internet has increased the amount of available data. As a result, job prospects for statisticians will be "very good," according to the U.S. Bureau of Labor Statistics (BLS), with employment of statisticians expected to increase 14% from 2010 to 2020. Government agencies, pharmaceutical companies, and commercial businesses are some industries in which there will be a strong demand for statisticians.

The industry that employs the most statisticians is the federal government. According to the BLS, the industry employed 20% of statisticians in 2010, followed by scientific and development services (12%), colleges, universities, and professional schools (9%), state government (8%), and insurance carriers (7%). Statisticians can expect to make anywhere from $39,090 to $119,100, and the median annual wage was $72,830 in May 2010, according to the BLS. Your exact salary and employment prospects will vary based on your education, experience, industry, and employer.