Masters in Statistics in USA: Fees 2024, Top Colleges, Placements & Salaries

Highlights:

• Top Universities: MS in Statistics in USA is offered across top colleges like Carnegie Mellon University, Boston University, and Yale University.
• Eligility: To be eligible for admission to Masters in Statistics in USA, you need a minimum of 83% in your bachelor’s with a IELTS score of 6.5 to 7.0.
• Cost of Attendance: The annual tuition fee for the course ranges from INR 17 Lakhs to 52 Lakhs.
• Job Growth: According to the Bureau of Labor Statistics (BLS), jobs for mathematicians and statisticians are expected to grow by 30% from 2022 to 2032.

Masters in Statistics in USA is a full-time postgraduate degree program that lasts 1 to 2 years, depending on the university. Students seeking admission to Masters in Statistics in USA must fulfil some basic requirements including GRE test scores, university transcripts, and letters of recommendation. International students must also submit their TOEFL iBT test with a minimum score of 84. To enrol in the universities for MS in Statistics USA, applicants must have an average GPA of 3.0 on a 4.0 scale (83-86%).

On average, the annual tuition fee for studying Masters in Statistics in USA can range from 20,000 USD to 63,000 USD. After completing MS in Statistics in USA, students can work in job roles such as statistician, data analyst, research analyst, and investment analyst. The average salary of a graduate of MS in Statistics in USA is approximately 98,920 USD per year (82 lakhs INR.)

Masters in Statistics in USA Top Universities

Some of the top universities in USA offer Masters courses in Statistics including Stanford, Harvard, University of California, Yale, etc. Here is a list of such universities for MS in Statistics in USA with their application deadlines and tuition fees.

Master of Science (MS) in Statistics program deals with mathematical and applied statistics. This program is designed to equip you for a career as a professional statistician and enhance your research skills. 

Why study Masters in Statistics in USA?

Statistics play a key role in every field of work. Be it social media, banking, software, or engineering- data analysis and statistics roles are never-ending. The US economy has a constantly growing need for qualified statisticians in every sector of work.

• The average base salary for a Masters in Statistics graduate is around 90,000 USD (75 lakhs INR).
• Some of the top universities of USA like Stanford, UC Berkeley, and Harvard offer Masters in Statistics degrees, allowing you to boost your career prospects.
• International students also get a chance to apply for various scholarships for MS in USA offered by public and private universities. 
• According to BLS USA, jobs for mathematicians and statisticians are set to grow by 30% from 2022 to 2032. There will be 3,500 job openings each year during this period.

Masters in Statistics in USA Admission Requirements

The admissions process for Masters in Statistics in USA is similar for all the universities, with only minor differences.

• Students are required to submit the online application form along with non-refundable fees, specific to every university.
• Satisfactory GMAT and GRE test scores are also required by many universities in USA.
• International students are required to submit their English language proficiency test scores along with their application.
• Most of the universities in USA accept TOEFL iBT as English proficiency proof, with scores ranging between 84–100. 

Masters in Statistics in USA: Eligibility Criteria

Here are the admissions requirements for Masters in Statistics in USA:

• Academic Degree- Undergraduate degree from a recognized university
• Minimum GPA: 3.0 GPA on a scale of 4.0 (83-86%)
• GRE or GMAT Scores
• English Proficiency Test Score: TOEFL iBT: 84–100, IELTS: 6.5–7.0
• Statement of Purpose for USA/Essay: Demonstrating your education background and reason to pursue the degree.
• Letters of Recommendation: From your previous employers/institutions
• Experience: 2-3 years professional work experience (Optional)
• USA Student Visa

Masters in Statistics in USA Admission Requirements

The given table demonstrates different university-specific admissions requirements for Masters in Statistics in USA.

Masters in Statistics USA Cost

Being an international student looking to study in USA, you must have a general idea of your annual living and tuition costs. The cost of study in USA comprises the total annual tuition fees and the total annual living expenses. The next section talks about these annual expenses in detail, for you to plan a budget accordingly.

Masters in Statistics in USA Fees

The given table shows the total tuition fee for studying Masters in Statistics in various universities in USA. The fee amount ranges from 20,000 USD to 63,000 USD (16.5 Lakhs to 52 Lakhs INR).

Cost of living in USA

The given table displays the cost of living in USA. The living expenses include the cost of accommodation, meals, health insurance, transportation, and personal expenses.

Masters in Statistics in USA Scholarships

Studying abroad for students can become a financial pressure on international students. In a country like USA, where the living expenses are very expensive, international students do require some financial assistance with their annual expenses. Thus, various universities and government institutions/trusts offer scholarships in USA. Here are a few such scholarships for international students:

MS in Statistics in USA Jobs and Placement opportunities

After the completion of Masters in Statistics degree, students can pursue a career in various job profiles. Some of the most common jobs after graduation are mentioned below, along with an average base salary for freshers.

MS in Statistics in USA opens doors to a wide range of opportunities across various industries and sectors. The increasing importance of data-driven decision making has created a high demand for skilled statisticians and analysts in USA. The top-paying industries for statisticians in the USA are pharmaceutical and medicine manufacturing, scientific research and development services, and management of companies and enterprises.

FAQs