Mathematical Statistics and Probability

West Lafayette, IN, US · City: Small

Master's DegreeStatistics

About this field of study · CIP 27.0502

A program that focuses on the mathematical theory underlying statistical methods and their use. Includes instruction in probability theory parametric and non-parametric inference, sequential analysis, multivariate analysis, Bayesian analysis, experimental design, time series analysis, resampling, robust statistics, limit theory, infinite particle systems, stochastic processes, martingales, Markov processes, and Banach spaces.

Institution tuition: $9,718 in-state / $28,520 out-of-state annual rate at this institution, not program-specific
Field: Statistics
National, this field: $92,626 – $179,882 national benchmark for the field
Level: Master's Degree
Degrees awarded: 5 (reporting year)
Institution website: Visit institution site

Common careers

Actuaries
Analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits. May ascertain insurance rates required and cash reserves necessary to ensure payment of future benefits.
Considerable preparation needed
Mathematicians
Conduct research in fundamental mathematics or in application of mathematical techniques to science, management, and other fields. Solve problems in various fields using mathematical methods.
Extensive preparation needed
Biostatisticians
Develop and apply biostatistical theory and methods to the study of life sciences.
Extensive preparation needed
Clinical Data Managers
Apply knowledge of health care and database management to analyze clinical data, and to identify and report trends.
Considerable preparation needed
Mathematical Science Teachers, Postsecondary
Teach courses pertaining to mathematical concepts, statistics, and actuarial science and to the application of original and standardized mathematical techniques in solving specific problems and situations. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.
Extensive preparation needed

Occupations linked to this field of study by the NCES CIP-SOC crosswalk; descriptions from O*NET.