Statistics Degree Return on Investment

Select an institution that offers degrees in Statistics and see the return on investment for jobs in that field.

Amherst College Appalachian State University Arizona State University – Tempe Arizona State University – West Auburn University Ball State University Barnard College Baylor University Boston University Bowling Green State University – Main Campus Brigham Young University – Provo California Baptist University California Polytechnic State University – San Luis Obispo California State University – East Bay California State University – Fullerton California State University – Long Beach Carleton College Carnegie Mellon University Case Western Reserve University Central Michigan University Colorado State University – Fort Collins Cornell University CUNY Bernard M Baruch College CUNY Hunter College DePaul University Eastern Kentucky University Florida International University Florida State University Fordham University George Mason University George Washington University Georgia Institute of Technology – Main Campus Grand Valley State University Harvard University Indiana University – Bloomington Iowa State University Kansas State University Lehigh University Louisiana State University and Agricultural & Mechanical College Loyola University Chicago Miami University – Oxford Michigan State University Michigan Technological University Minnesota State University – Mankato Mississippi State University Missouri University of Science and Technology Montana State University Montclair State University New Jersey Institute of Technology New Mexico State University – Main Campus New York University North Dakota State University – Main Campus Northern Arizona University Northern Illinois University Northern Kentucky University Northwestern University Ohio Northern University Ohio State University – Main Campus Oklahoma State University – Main Campus Oregon State University Portland State University Purdue University – Main Campus Rochester Institute of Technology Rutgers University – New Brunswick Saint Cloud State University Saint John Fisher College Sam Houston State University San Diego State University San Francisco State University San Jose State University Smith College South Dakota State University Southern Methodist University St Lawrence University Stanford University SUNY at Albany Syracuse University Temple University Texas Tech University University of Arizona University of Arkansas University of California – Berkeley University of California – Davis University of California – Irvine University of California – Los Angeles University of California – Riverside University of California – San Diego University of California – Santa Barbara University of Central Florida University of Central Oklahoma University of Chicago University of Cincinnati – Main Campus University of Connecticut University of Delaware University of Florida University of Georgia University of Illinois at Chicago University of Illinois at Urbana – Champaign University of Iowa University of Kentucky University of Maryland – Baltimore County University of Maryland – College Park University of Massachusetts – Lowell University of Michigan – Ann Arbor University of Minnesota – Morris University of Minnesota – Twin Cities University of Missouri – Columbia University of Nebraska – Lincoln University of New Hampshire – Main Campus University of New Mexico – Main Campus University of North Carolina Wilmington University of North Florida University of Northern Iowa University of Pennsylvania University of Pittsburgh – Pittsburgh Campus University of Rochester University of South Carolina – Columbia University of South Florida – Main Campus University of Southern California University of Southern Maine University of Vermont University of Virginia – Main Campus University of Washington – Seattle Campus University of Wisconsin – La Crosse University of Wisconsin – Madison University of Wyoming Virginia Commonwealth University Washington State University Washington University in St Louis Wayne State University West Chester University of Pennsylvania West Virginia University Western Michigan University Williams College Worcester Polytechnic Institute Wright State University – Main Campus Yale University

Investing in a statistics degree can yield significant returns in both career opportunities and financial rewards. As various industries increasingly rely on data-driven decision-making, the demand for skilled statisticians continues to grow. Understanding the return on investment (ROI) of a statistics degree is crucial for prospective students in making informed educational choices.

According to recent studies, graduates with a statistics degree can expect to earn a median salary significantly higher than that of their peers with only a high school diploma or other undergraduate degrees. In fact, many entry-level positions in data analysis, biostatistics, and market research offer starting salaries above $60,000. With experience, this figure can climb to over $100,000, particularly in high-demand sectors such as healthcare, finance, and technology.

Moreover, the job market for statisticians and data scientists is booming. The U.S. Bureau of Labor Statistics projects that employment for statisticians will grow by 35% from 2021 to 2031, much faster than the average for all occupations. This surge in demand translates not only into job security but also into various career paths, including roles like data analyst, actuary, and quantitative researcher.

Additionally, the skills acquired during a statistics degree program—such as critical thinking, analytical reasoning, and proficiency in statistical software—are highly transferable. This versatility allows graduates to pursue opportunities in diverse fields, enhancing their overall career prospects and potential for higher income.

While the cost of obtaining a degree can be substantial, it is essential to consider the long-term benefits. Many financial aid options, scholarships, and assistantships are available to help mitigate upfront expenses. Moreover, the potential for increased earnings and career advancements can quickly surpass initial investment costs, making a statistics degree a wise financial decision.

In conclusion, the return on investment for a statistics degree is compelling. With high earning potential, strong job growth, and the versatility of skills gained, individuals who pursue this path are well-positioned for a successful and financially rewarding career.

Disclaimer: The information provided is for general informational purposes only and should not be considered financial advice. Student loan situations can vary significantly based on individual circumstances, and decisions around deferment or forbearance can have lasting financial impacts. Before making any changes to your loan repayment plan, consult a qualified financial advisor or your loan servicer to understand the best options for your unique situation.