by our College Data Analytics TeamIn 2020-2021, business statistics was the 185th most popular major nationwide with 4,295 degrees awarded. This represents a 30.2% increase in business statistics degrees awarded over the prior year's total of 2,996.
This year's Best Business Statistics Schools ranking compares 70 of them to identify the best overall programs in the country. Continue reading to check out one of our many unbiased rankings of business statistics programs later in this article.
Learn about start dates, transferring credits, availability of financial aid, and more by contacting the universities below.
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One of the most important skills you will need for a career in business statistics is talking to others to convey information effectively. Understanding written sentences and paragraphs in work related documents and using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems are all required skills for careers related to this major.
New students will need to have completed high school or a GED program and each school will have their own minimum GPA and SAT/ACT test requirements. In addition to these basic business statistics program qualifications, to serve in some business statistics careers, special certification may be required outside of your degree.
There are many different business statistics degree levels. Business Statistics programs offered by schools range from a to a , which is the highest business statistics degree you can get. Depending on the business statistics degree you choose, obtaining your diploma can take anwhere from 1 to 4+ years.
| Degree | Credit Requirements | Typical Program Length |
|---|---|---|
| Associate Degree | 60-70 credits | 2 years |
| Bachelor’s Degree | 120 credits | 4 years |
| Master’s Degree | 50-70 credits | 1-3 years |
| Doctorate | Program required coursework including thesis or dissertation | At least 4 years |
A master's degree is the most common level of education achieved by those in careers related to business statistics, with approximately 41.5% of workers getting one. See the the most common levels of education for business statistics workers below.
| Level of Education | Percentage of Workers |
|---|---|
| Master’s Degree | 39.4% |
| Doctoral Degree | 38.7% |
| Bachelor’s Degree | 16.4% |
| Post-Doctoral Training | 4.5% |
| Post-Baccalaureate Certificate | 1.2% |
About 79.8% of workers in careers related to business statistics obtain at least master's degrees. The chart below shows what degree level those who work in business statistics have obtained.
The education level required is different depending on the business statistics career you are seeking.
Want a job when you graduate with your business statistics degree? Business Statistics careers are expected to grow 17.2% between 2016 and 2026.
The following options are some of the most in-demand careers related to business statistics.
| Occupation Name | Projected Jobs | Expected Growth |
|---|---|---|
| Business Professors | 123,000 | 18.0% |
| Mathematical Science Professors | 66,600 | 9.4% |
| Statisticians | 49,800 | 33.9% |
| Survey Researchers | 14,900 | 2.1% |
As you might expect, salaries for business statistics graduates vary depending on the level of education that was acquired.
Salaries for business statistics graduates can vary widely by the occupation you choose as well. The following table shows the top highest paying careers business statistics grads often go into.
| Occupation Name | Median Average Salary |
|---|---|
| Business Professors | $103,330 |
| Statisticians | $92,600 |
| Mathematical Science Professors | $87,140 |
| Survey Researchers | $63,240 |
With over 163 different business statistics degree programs to choose from, finding the best fit for you can be a challenge. Fortunately you have come to the right place. We have analyzed all of these schools to come up with hundreds of unbiased business statistics school rankings to help you with this.
Learn about other programs related to Business Statistics that might interest you.
One of 3 majors within the Management Sciences & Quantitative Methods area of study, Business Statistics has other similar majors worth exploring.
| Related Major | Annual Graduates |
|---|---|
| Management Science | 23,510 |
| Other Management Sciences and Quantitative Methods | 13,371 |
| Actuarial Science | 2,206 |
