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2022 Best Value Master’s Degree Colleges for Mathematical Statistics & Probability (Income $30-$48k)

8 Ranked Colleges
166 Degrees Awarded
$39,500 Avg Grad Tuition & Fees*
Best Value Mathematical Statistics and Probability Schools for a Master's For Those Making $30-$48k

When pursuing a degree in today’s world, students have many different options to choose from. Our mission at College Factual is to arm you with as much information as we can to help you make that decision. Our “Best Value Mathematical Statistics and Probability Schools for a Master’s For Those Making $30-$48k” ranking is one tool we have developed to help in this regard.

Mathematical Statistics & Probability is the 618th most popular major in the country with 457 degrees awarded in 2019-2020.

At the master’s degree level specifically, there were 166 mathematical statistics and probability graduates with average earnings and debt of $56,398 and $43,194 respectively.

This year’s “Best Value Mathematical Statistics and Probability Schools for a Master’s For Those Making $30-$48k” ranking analyzed 8 colleges that offered a degree in mathematical statistics and probability. Not only do the schools that top this list have excellent mathematical statistics and probability programs, but they also cost less that schools of similar quality.

To come up with these rankings, we looked at factors such as the cost to attend the school after aid is awarded and overall quality of the mathematical statistics and probability program at the school. Check out our ranking methodology for more information.

One Size Does Not Fit All

Since picking the right college can be one of the most important decisions of your life, we’ve developed the “Best Value Mathematical Statistics and Probability Schools for a Master’s For Those Making $30-$48k” ranking, along with many other major-related rankings, to help you make that decision.

In addition to our rankings, you can take two colleges and compare them based on the criteria that matters most to you in our unique tool, College Combat. Test it out when you get a chance! You may also want to bookmark the link and share it with others who are trying to make the college decision.

Best Value Mathematical Statistics and Probability Schools for a Master’s For Those Making $30-$48k

The following schools top our list of the Best Best Value Mathematical Statistics and Probability Schools for a Master’s For Those Making $30-$48k.

Top 8 Best Value Master’s Degree Colleges for Mathematical Statistics & Probability (Income $30-$48k)

#1

University of Chicago

Chicago, Illinois
#1 in overall quality

You’ll be in good company if you decide to attend University of Chicago. It ranked #1 on our 2022 Best Value Mathematical Statistics and Probability Schools for a Master’s For Those Making $30-$48k list. University of Chicago is a fairly large private not-for-profit school situated in Chicago, Illinois. It awarded 1 masters’s mathematical statistics and probability degrees in 2019-2020.

UChicago also made our “Best Mathematical Statistics & Probability Master’s Degree Schools” list, coming in at #1. Average graduate tuition and fees at UChicago are $61,548, but some majors have different tuition rates.

Full University of Chicago Mathematical Statistics & Probability Report

#2 in overall quality

Out of the 8 schools in the Best Value Mathematical Statistics and Probability Schools for a Master’s For Those Making $30-$48k that were part of this year’s ranking, Columbia University in the City of New York landed the #2 spot on the list. This large school is located in New York, New York, and it awarded 92 masters’s mathematical statistics and probability degrees in 2019-2020.

As a testament to the quality of education offered at Columbia, the school also landed the #2 spot in our “Best Mathematical Statistics & Probability Master’s Degree Schools” ranking. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Columbia are $51,194.

Read more about Mathematical Statistics & Probability at Columbia

#3

Wake Forest University

Winston-Salem, North Carolina
#4 in overall quality

You’ll be in good company if you decide to attend Wake Forest University. It ranked #3 on our 2022 Best Value Mathematical Statistics and Probability Schools for a Master’s For Those Making $30-$48k list. Winston-Salem, North Carolina is the setting for this medium-sized institution of higher learning. The private not-for-profit school handed out masters’s mathematical statistics and probability degrees to 6 students in 2019-2020.

In addition to being on our master’s degree mathematical statistics and probability students whose families make $30-$48k list, Wake Forest University has also earned the #4 rank in our “Best Mathematical Statistics & Probability Master’s Degree Schools” ranking. Average graduate tuition and fees at Wake Forest University are $39,216, but some majors have different tuition rates.

Read more about Mathematical Statistics & Probability at Wake Forest University

#4

University of North Carolina at Chapel Hill

Chapel Hill, North Carolina
#5 in overall quality

Out of the 8 schools in the Best Value Mathematical Statistics and Probability Schools for a Master’s For Those Making $30-$48k that were part of this year’s ranking, University of North Carolina at Chapel Hill landed the #4 spot on the list. UNC Chapel Hill is a large school located in Chapel Hill, North Carolina that handed out 20 masters’s mathematical statistics and probability degrees in 2019-2020.

In addition to being on our master’s degree mathematical statistics and probability students whose families make $30-$48k list, UNC Chapel Hill has also earned the #5 rank in our “Best Mathematical Statistics & Probability Master’s Degree Schools” ranking. Average graduate tuition and fees at University of North Carolina at Chapel Hill are $30,248, but some majors have different tuition rates.

Full UNC Chapel Hill Mathematical Statistics & Probability Report

#3 in overall quality

You’ll join some of the best and brightest minds around if you attend University of Michigan - Ann Arbor. The school came in at #5 for the Best Value Mathematical Statistics and Probability Schools for a Master’s For Those Making $30-$48k. U-M is a large school located in Ann Arbor, Michigan that handed out 31 masters’s mathematical statistics and probability degrees in 2019-2020.

U-M also made our “Best Mathematical Statistics & Probability Master’s Degree Schools” list, coming in at #3. Average graduate tuition and fees at University of Michigan - Ann Arbor are $49,548, but some majors have different tuition rates.

Read more about Mathematical Statistics & Probability at University of Michigan - Ann Arbor

#6

Indiana University - Bloomington

Bloomington, Indiana
#6 in overall quality

With a ranking of #6, Indiana University - Bloomington did quite well on the 2022 Best Value Mathematical Statistics and Probability Schools for a Master’s For Those Making $30-$48k list. Bloomington, Indiana is the setting for this large institution of higher learning. The public school handed out masters’s mathematical statistics and probability degrees to 9 students in 2019-2020.

In addition to being on our master’s degree mathematical statistics and probability students whose families make $30-$48k list, IU Bloomington has also earned the #6 rank in our “Best Mathematical Statistics & Probability Master’s Degree Schools” ranking. Although you might pay more or less depending on your area of study, average graduate tuition and fees at IU Bloomington are $33,338.

Full IU Bloomington Mathematical Statistics & Probability Report

#7 in overall quality

University of Nevada - Reno did quite well in the 2022 Best Value Mathematical Statistics and Probability Schools for a Master’s For Those Making $30-$48k ranking, coming in at #7. Reno, Nevada is the setting for this large institution of higher learning. The public school handed out masters’s mathematical statistics and probability degrees to 6 students in 2019-2020.

UNR did well in our major quality rankings, too. It placed #7 on our “Best Mathematical Statistics & Probability Master’s Degree Schools” list. Average graduate tuition and fees at University of Nevada - Reno are $21,971, but you may pay more or less depending on your major.

Read full report on Mathematical Statistics & Probability at University of Nevada - Reno

#8

University of California - Santa Cruz

Santa Cruz, California
#8 in overall quality

University of California - Santa Cruz came in at #8 in this year’s edition of the Best Value Mathematical Statistics and Probability Schools for a Master’s For Those Making $30-$48k ranking. University of California - Santa Cruz is located in Santa Cruz, California and, has a fairly large student population. In 2019-2020, this school awarded 1 masters’s mathematical statistics and probability degrees to qualified students.

UC Santa Cruz also made our “Best Mathematical Statistics & Probability Master’s Degree Schools” list, coming in at #8. Average graduate tuition and fees at University of California - Santa Cruz are $28,952, but you may pay more or less depending on your major.

Read more about Mathematical Statistics & Probability at University of California - Santa Cruz

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Notes and References

References

  • The Integrated Postsecondary Education Data System (IPEDS) from the National Center for Education Statistics (NCES), a branch of the U.S. Department of Education (DOE) serves as the core of our data about colleges.
  • Some other college data, including much of the graduate earnings data, comes from the U.S. Department of Education’s (College Scorecard).
  • Information about the national average student loan default rate is from the U.S. Department of Education and refers to data about the 2016 borrower cohort tracking period for which the cohort default rate (CDR) was 10.1%.

Read more about our data sources and methodologies

Footnotes

  • *Average salary, average net price, and average tuition and fees are for the top schools only.
  • Some schools otherwise deserving of recognition may have been removed from this ranking in the event that new data identified post-publication warranted it, or at the request of the school.

Credits

  • Credit for the banner image above goes to QWFP.

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