Statistics Degree from SUNY at Albany Return on Investment
See what the return on investment is for jobs that someone with a Statistics degree from SUNY at Albany is likely to work in.
Top job projections for graduates in statistics from suny at albany
Statisticians
Projection Rating: B
Median Annual Wage: $104,110
Percentage of Paycheck to Repay: 13.30%-9.90%
Employment Change: 3.8%
Entry-Level Education: Master's degree
Data scientists
Projection Rating: A-
Median Annual Wage: $108,020
Percentage of Paycheck to Repay: 8.55%-6.36%
Employment Change: 73.1%
Entry-Level Education: Bachelor's degree
When considering a Statistics Degree from SUNY at Albany, understanding the return on investment (ROI) is crucial. This degree not only equips students with essential analytical skills but also opens doors to numerous lucrative career paths. Graduates can expect to see a significant increase in earning potential, particularly in high-demand fields such as data analysis, actuarial science, and biostatistics.
The ROI of a Statistics degree is evident in the strong job placement rates for SUNY at Albany alumni. Many graduates secure positions with leading companies and organizations, often commanding salaries that exceed national averages for bachelor’s degree holders. According to recent statistics, the average starting salary for SUNY Albany graduates in statistics-related fields can be upwards of $60,000, with experienced professionals earning well over $100,000 annually.
Additionally, the versatility of a Statistics degree allows graduates to pivot into various industries, including healthcare, finance, and technology. This adaptability not only enhances job security but also provides opportunities for career advancement. Employers highly value the quantitative skills and critical thinking abilities that SUNY Albany students develop through their rigorous curriculum.
Furthermore, SUNY at Albany’s robust network of alumni and industry connections can facilitate internships and job placements, further increasing the ROI of your degree. With access to career services and mentorship programs, students are well-prepared to enter the competitive job market.
In summary, investing in a Statistics Degree from SUNY at Albany not only promises a strong financial return but also offers a pathway to a fulfilling and dynamic career. With the skills gained and the opportunities available, graduates are poised to thrive in today’s data-driven world.
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. This projection assumes you are taking out a Direct Subsidized loan (using the current federal interest rate) with a 12 year Standard Fixed repayment plan on the total yearly tuition (four years if Bachelor's degree, six for Master's degree and 12 for Doctorate) of your chosen institution. Our data is refreshed on a day to day basis and may not be accurate to real time. College numbers may not be 100% accurate and may not be the exact amount you will pay, it is advised that you consult a guidance counselor for that information. This software is not intended to replace a financial advisor.