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Statistics Degree Online: 10 Best Values

In this article, we profile the 10 best value colleges for a statistics degree online.

According to the Bureau of Labor Statistics (BLS), the job outlook for mathematicians and statisticians is highly favorable. In fact, a 34 percent increase in jobs is expected over the next seven years. To compensate for the anticipated employment growth, accredited colleges and universities offer statistics degree online programs. We researched a number of schools to find the best value programs.

Statistics Degree Online: 10 Best Values Methodology

We looked at 44 colleges and universities listed by the National Center for Educational Statistics (NCES) College Navigator that offered statistics degree online programs. We narrowed our original pool of schools to locate the 10 best value programs. We applied the following criteria to narrow our list: Regional accreditation, at least one master’s in statistics online or closely related discipline offered, institution or program rankings with at least one major publication like U.S. News and World Report, and graduate tuition and fees less than $46,000 per year. We then listed the top 10 best value statistics degree online programs according to raw affordability.

Below is our list of the 10 best values for statistics degree online programs for 2019.

#10 – Rochester Institute of Technology

Online Master’s in Applied Statistics

Rochester, New York

Website

Rochester Institute of Technology - Statistics Degree Online- Ten Best Values

One of the top statistics degree online programs on our list comes from Rochester Institute of Technology.

Graduate Tuition/Fees: $45,808

The statistics degree online at the Rochester Institute of Technology is one of the more versatile master’s in applied statistics program options you’ll find, with a curriculum that can prepare students for a wide range of career fields. In addition to completing 18 core credits in courses such as regression analysis and statistical theory, you’ll also select a number of electives to round out your degree and tailor your education toward career goals. The electives you take are entirely based on your interests and professional aspirations. Several areas of focus to assist in honing your skills include clinical trials, informatics, industrial statistics, and machine learning and data mining. U.S. News and World Report ranks RIT #102 in best national universities and #43 in best value schools.

#9 – University of Delaware

Online Master’s in Applied Statistics

Newark, Delaware

Website

University of Delaware - Statistics Degree Online- Ten Best Values

Ranked & accredited! University of Delaware’s statistics degree online!

Graduate Tuition/Fees: $33,678

The master’s in statistics online degree program at University of Delaware prepares qualified candidates for the rapidly changing and growing positions as data analysis professionals. Students learn from case-based approaches and free access to Statistical Analysis System (SAS) software. Courses are delivered online and cover topics like experimental design, logistic regression and models of counts, multivariate methods, and regression. University of Delaware is ranked by major publications like U.S. News and World Report. In fact, U.S. News ranks the school #89 in best national universities and #53 in best value colleges for veterans. Also, several of the school’s online graduate programs have received top rankings.

#8 – Pennsylvania State University

Online Master of Applied Statistics

University Park, Pennsylvania

Website

Pennsylvania State University - Statistics Degree Online- Ten Best Values

Applied statistics! Penn State University’s online statistics degree programs include a master’s.

Graduate Tuition/Fees: $22,578

Pennsylvania State University offers a master’s in statistics online program that prepares students for work as trained statisticians. Utilizing industry-standard software like SAS, R, and Minitab, Penn State’s qualified professors deliver useful instruction across topics such as analysis of variation and design of experiments, regression methods, and statistical consulting. Not only is this one of the most affordable online statistics degrees, but it also offers plenty of career-boosting opportunities. Electives and graduate certificates can also be taken and acquired to help enhance your degree and career trajectory. Also, U.S. News and World Report ranks Penn State #59 in best national universities.

#7 – Saint Louis University

Online Master’s in Applied Analytics

Saint Louis, Missouri

Website

Saint Louis University - Statistics Degree Online- Ten Best Values

Only 36 credits for the master’s in applied statistics online program at Saint Louis University.

Graduate Tuition/Fees: $20,994

Saint Louis University offers a master’s in statistics online degree program that is both affordable and accredited. The online master’s in statistics emphasizes applied analytics and consists of 36 credits. Designed for data-driven professionals, the program also caters to individuals who need a flexible option to meet their statistics-related career goals. Some of the required courses cover topics like advanced analytics, contemporary issues in analytics, information retrieval, project management, and visualization and feedback. Major publications like U.S. News and World Report rank Saint Louis University. In fact, U.S. News ranks the school #106 in best national universities. Also, several graduate programs available online have received top rankings.

#6 – Oregon State University

Online Master’s in Data Analytics

Corvallis, Oregon

Website

Oregon State University - Statistics Degree Online- Ten Best Values

Ranked and affordable! OSU’s master’s in data analytics.

Graduate Tuition/Fees: $14,331

At Oregon State University, the e-campus offers a statistics degree online program for graduate students. The master’s in data analytics consists of 45 credits and can be completed entirely online. All classes are taught by full-time OSU faculty, which means online students reap the benefit of learning from respected leaders in the field. Classes cover topics like data analytics, introduction to statistical methods, multivariate analytics, modern statistical methods for large and complex data sets, statistical methods for genomics research, and survey methods. OSU is a highly ranked and affordable institution. In fact, U.S. News and World Report ranks the school #140 in best national universities and #116 in best value schools.

#5 – University of South Carolina

Online Master’s in Applied Statistics

Columbia, South Carolina

Website

University of South Carolina - Statistics Degree Online- Ten Best Values

100% online classes! University of South Carolina’s master’s in applied statistics.

Graduate Tuition/Fees: $14,050

When it comes to flexibility, the University of South Carolina has one of the best statistics degree online options available today. With 100% online classes, opportunities for part-time study, and even a non-degree seeking “trial period” for indecisive students, USC’s program makes learning especially convenient. Coursework for the online master’s in statistics covers both statistical theory and computing, while concentrations are available in educational statistics, industrial statistics, or SAS certification. Also, of note, the institution ranks with U.S. News and World Report as the 106th best national university and 145th best value school. It lands a top 5 spot on our ranking due to affordability.

#4 – Colorado State University

Online Master’s in Applied Statistics

Fort Collins, Colorado

Website

Colorado State University - Statistics Degree Online- Ten Best Values

A fully online program! Colorado State University’s statistics degree online.

Graduate Tuition/Fees: $12,495

One of the top statistics degree online programs on our list is the master’s in applied statistics at Colorado State University. The program offers exactly the training you need to become a highly sought after expert in the field of statistics and raw data translation. At CSU, students earning accredited online statistics degrees use an asynchronous learning program called Canvas to access course materials whenever it is convenient for them. Recorded lectures, reading assignments, downloadable notes, and interactive discussion boards are all just a click away. The degree can be earned in just one year, including summer. U.S. News and World Report ranks CSU among the top national universities in the country.

#3 – North Carolina State University

Online Master’s in Statistics

Raleigh, North Carolina

Website

North Carolina State University - Statistics Degree Online- Ten Best Values

Fully accredited and online! NC State’s master’s in statistics online.

Graduate Tuition/Fees: $11,495

The master’s in statistics online program at North Carolina State University prepares graduates for careers as statisticians. The fully accredited online master’s in statistics degree is designed for working professionals looking to further their careers or move into a new phase of their professional lives. The degree requires the completion of 30 semester hours, which includes coursework in linear models, statistical consulting, statistical methods, statistical programming in SAS, and statistical theory. The program boasts placement of recent graduates at places like Blue Cross and Blue Shield, Environmental Protection Agency, and SAS Institute. U.S. News and World Report ranks NC State #80 in best national universities.

#2 – University of Illinois

Online Master’s in Data Analytics

Springfield, Illinois

Website

University of Illinois - Statistics Degree Online- Ten Best Values

Ranked and accredited. University of Illinois – top statistics degree online program.

Graduate Tuition/Fees: $11,486

Individuals seeking an affordable statistics degree online can take advantage of the options offered by University of Illinois. The master’s in data analytics offers some of the same courses and curriculum found in online master’s in statistics programs. To be fully admitted to the MSDA at University of Illinois, applicants must have completed a bachelor’s degree from an accredited institution with a minimum GPA of 3.0. While the GRE is not required for admission, prerequisite courses are. Also, the program may be completed in an on-campus format, completely online, or as a blended option. U.S. News and World Report ranks the school #50 in best regional universities in the Midwest, #9 in top public schools, and #55 in best value institutions.

#1 – Texas A & M University

Online Master’s in Statistics

College Station, Texas

Website

Texas A & M University - Statistics Degree Online- Ten Best Values

Non-thesis pathway! Texas A&M University’s online master’s in statistics.

Graduate Tuition/Fees: $9,812

Texas A&M University at College Station unquestionably deserves the top spot on this statistics degree online ranking. With the lowest tuition rate on our list, TAMU effectively earns an A+ score for its top value. The 36-credit hour, non-thesis program includes courses such as advanced SAS programming, applied analytics, categorical data analysis, and statistics in research, as well as numerous other courses that will impart valuable skills used in the industry for years to come. And thanks to a year-round schedule that incorporates fall, spring, and summer terms, you can complete this affordable statistics degree online quickly and efficiently. Also, U.S. News and World Report ranks the institution #66 in best national universities and #44 in best value schools.
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Frequently Asked Questions

What can I do after earning a statistics degree online?

The role of the statistician in any industry or organization is to analyze data and apply statistical techniques to help solve real-world challenges faced in business, healthcare, and other industries. With a statistics degree online, you will be able to pursue employment in a wide number of fields.

Statisticians work in varies industries. We broke down the top industries employing statisticians and listed them below.

Colleges and universities: Statisticians work in postsecondary education. Job activities include the study of theoretical concepts, research to resolve unexplained issues in statistics, and exploration of statistical theories to increase knowledge of the field. To work as a professor, most colleges and universities require a PhD in statistics.

Government: Statisticians working in government agencies often develop and analyze data collected from surveys. These might include wage reports, unemployment rates, and other figures that impact a wide population of people.

Healthcare: Statisticians in health care are often referred to as biostatisticians. This specialized group of statisticians works in hospitals, pharmaceutical companies, and public health agencies. They are often part of the group that creates studies to test the effectiveness of drugs to treat disease or medical conditions.

Research and development: Statisticians working in R&D design experiments used for product testing and development.

What is the job outlook for individuals with a statistics degree online?

The overall employment of statisticians, according to the Bureau of Labor Statistics (BLS), is expected to grow 34 percent through 2026. This highly favorable job growth is much better than the average for all other occupations.

Approximately 12,600 new jobs are expected to be added to the discipline as industries continue to strive to make more informed business, healthcare, and policy decisions. The large increase in jobs will open up new areas for analysis, which will call on the expertise of statisticians.

In addition, statisticians will be needed in areas of research and development. Pharmaceutical and medicine manufacturing industries will likely hire many statisticians for their growing R&D. Growth in these industries is likely due to the aging population and development of new treatments and medical technologies. Specifically, biostatisticians will be required to conduct extensive research on clinical trials. Biostatisticians are an integral part of a company’s ability to gain approval for their products from the Food and Drug Administration (FDA).

As the demand for jobs increases, individuals with high levels of mathematical and statistical knowledge will be needed. Job opportunities are expected to be highly favorable for candidates with specialized skills in programming, data analysis, and quantitative study. By earning a statistics degree online, you will set yourself apart from competition for jobs.

How much will I earn with a statistics degree online?

According to the Bureau of Labor Statistics (BLS) Occupational Outlook Handbook, the median annual pay for statisticians was $87,780 in May 2018. Industry and experience impact pay, but BLS reports a favorable salary for statisticians. The lowest 10 percent earned less than $55,000 per year, and the highest 10 percent of earners made more than $139,350.

Also, BLS’s most recent report examined the top industries, by earnings, in which statisticians were employed. According to the research, the federal government paid the highest wage for statisticians. Individuals working as statisticians for the government earned $106,670 in median annual wages. The next top-paying industry was research and development in the physical, engineering, and life sciences. This industry paid statisticians an average median wage of $96,290. Next, insurance carriers and related activities paid statisticians $81,660 on average. The healthcare and social assistance industry was the next top-paying industry where statisticians earned $79,370 per year. The fifth top industry was colleges, universities, and professional schools, which paid statisticians $73,360.

Most statisticians work full-time, and most of the top-paying careers require a master’s degree in mathematics, statistics, or closely related discipline. Also, employers often view education as experience, so individuals with a statistics degree online master’s have a higher earnings potential than those with only a bachelor’s.

What are the admissions requirements for master’s-level statistics degree online programs?

Admission requirements vary among statistics degree online programs. However, typical requirements exist and can be found among the vast majority of master’s in statistics online programs. The first standard requirement is undergraduate work. Most programs on our list require at least a bachelor’s degree from a regionally accredited institution. In most cases, academic performance will be showcased in the submission of official transcripts, and GPA requirements may be stipulated.

For many top-tier statistics degree online programs, undergraduate GPA should exceed 3.0. Top programs may ask for an undergraduate GPA of 3.5, while other programs will accept an undergraduate GPA of 2.75. In addition, some of the nation’s top programs may ask for a 3.5 GPA on the last two years of undergraduate work. GPA requirements vary by program, so it is important to review admission criteria of your intended school prior to completing your undergraduate work.

In some cases, GRE or GMAT scores are required for admission. Top-ranked programs may ask for qualifying scores, while others may waive the graduate exam if the undergraduate GPA is above a certain level, such as 3.5 or 3.0. Not all programs ask for the GRE or GMAT. If you want to avoid the testing requirement, look for institutions that do not require graduate testing for admission.

How long does it take to earn a statistics degree online?

To earn a statistics degree online, you should expect to spend at least two years in school. However, program length depends on enrollment, as well as other factors.

The typical master’s in statistics online degree program requires two years on average, though some programs may require less time. Enrollment impacts completion time. For instance, if you enroll as a part-time student, you can expect to spend more time completing your degree. But, if you enroll as a full-time student, your completion time can be cut shorter. Part-time statistics degree online programs may take two to four years to complete, while full-time programs take 12-18 months.

One caveat for part-time programs is the longer completion time. However, part-time programs offer flexibility and convenience, which is especially important for working students who want to finish a degree at their own pace. Part-time programs allow you to take one or two classes per term and move at a slower pace toward degree completion. On the flip side, full-time programs provide a quick pace that leads to a degree in a shorter amount of time. Once you have your degree, you will be eligible to negotiate with your employer for advancement and higher earnings.

This concludes our list of the 10 best values for statistics degree online programs of 2019.

Sources:
College Navigator

By CVO Staff
Published June 2019

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