Masters in Statistics in the US is a 1.5 to 2-years full-time degree program available under research-based, course-based, or a combination of both. 8 top universities in USA like Standford, Duke, Harvard offering Masters in Statistics in USA are ranked under 100 in QS World Rankings 2022 Pursuing Masters in Statistics in US as an Indian student will be around INR 15 lakhs to 55 lakhs for tier-1 and tier-2 universities, respectively.
International candidates who want to pursue a Masters in Statistics course in the US, need to submit a three to four-year bachelor's degree in a relevant stream with a minimum of 70% to 80% and minimum of 600 GMAT and 90 in TOEFL. To cut down the high cost of attendance, students can apply for scholarships in USA and waive off up to 7,000 and 8,000 USD. The average salary fresher candidates can earn after completing their Masters in Statistics can range between 31,000 to 55,000 USD per annum.
Top Universities for Masters in Statistics in USA
Various types of private and independent universities in the US offer Masters in Statistics courses. Some of the popular Masters in Statistics colleges in the US among international candidates are:
S.No. | University Name | QS World Rankings 2022 | Average Annual Costs (INR) |
---|---|---|---|
1. | Stanford University | 2 | 54 lakhs |
3. | University of Michigan | 23 | 18 lakhs |
4. | Johns Hopkins University | 25 | 22 lakhs |
5. | University of California--Berkeley | 32 | 21 lakhs |
6. | Duke University | 52 | 21 lakhs |
7. | Carnegie Mellon University | 53 | 24 lakhs |
8. | University of Washington | 85 | 18 lakhs |
Why Masters in Statistics in USA?
Professional courses in the US, such as MBA, Master's, Graduate Certificate, PG Diploma, etc enable candidates to get important industry-related skills along with their studies. Some of the major reasons for pursuing Masters in Statistics course from the USA are given below:
- Most of the top universities such as Stanford University and Harvard University are placed in the top 10 rankings of both Times Higher Education and the QS World University Rankings 2022.
- Masters in Statistics is a job-oriented course that assists candidates with the attainment of both mathematics and statistics skills within the business.
- The Masters in Statistics courses in the US provide them to work in various industries along with their jobs.
- Various types of scholarships and awards are provided by US universities to cover up the studies. Students can waive off 100% of tuition fees.
Masters in Statistics in USA: Highlights
Duration | 1 - 2 years |
Eligibility Criteria | Bachelor degree in a relevant discipline with a GPA score of 3.0 or above |
Entrance Tests | GRE, IELTS or TOEFL |
Course Fees | 8-31 Lakhs per year |
Average Salary | 50 to 98 LPA |
Jobs Available | Applied Statistician, data scientist, mathematician, sports analytics, market research analytics, financial analyst etc. |
Types of Recruiting Organizations | KPMG, LLP, Deloitte, Bank of America, Grant Thornton LLP, JPMorgan Chase & Co, Citigroup, Goldman Sachs. |
Masters in Statistics in USA: Admissions
Candidates planning to study in US universities offering Masters in Statistics courses will need to start preparing their applications by January end. Below we have discussed the application deadlines to get into some of these top universities of US:
University Name | Deadlines |
---|---|
Stanford University | January 7, 2022 |
University of California--Berkeley | January 6, 2022 |
Johns Hopkins University | December |
University of Washington | December 31, 2021 |
University of Chicago | Early Action: October 5, 2021 Round One: December 1, 2021 Round two: January 20, 2022 Round three: June 15, 2022 |
Eligibility for Masters in Statistics in US
International candidates who want to get admission to MSc Degree in Statistics in US universities, have to fulfill some complex requirements. For Masters in Statistics in the US, candidates must have an undergraduate degree in a relevant stream such as data science, mathematics, statistics, etc from a recognized university. Below are some of the most important eligibility criteria for getting admission to Masters in Statistics in the US.
- Candidates must have an undergraduate degree in the statistics-related subject from a recognized university.
- The average percentage score should be between 70% to 80% in bachelor's degree.
- Standardized Test Scores in USA
- GRE or GMAT Test Scores
- English Language Proficiency tests scores
- IELTS: 6.0 – 7.0
- TOEFL IBT: 90 – 100
- PTE: 60
- Official scanned copy of transcripts
- English translation of non-English transcripts
- Statement of Purpose for US
- Personal Statement
- Either two or three letters of reference from your academic teachers.
- Updated Resume or CV
USA Student Visa
International candidates who want to study in US universities will have to apply for a student visa for the US. Below are the eligibility criteria:
Visa Application | Online |
Types | F-1, F-2, F-3, M-1, M-2, M-3, J-1, J-2 |
Fees (USD) | 160 |
Fees (INR) | 11,899 |
SEVIS Fee (USD) | 220 |
Documents |
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Masters in Statistics in USA: Cost o Attendance
International candidates who are planning to get admission to the Masters in Statistics Program in the US will need to prepare an estimated budget for their education. The expenses of colleges and their costs are given below.
Pre-Arrival Expenses
Pre-arrival expenses is the amount a student has to spend on their university application fees, visa fees, ELP Test fees along with the other such expenses that a student can make before leaving the home country are given below:
Type of Fees | Average Costs (INR ) |
---|---|
Program Application Fees | 7,000 to 14,000 |
Student Visa | 12,000 |
IELTS | 17,870 |
TOEFL | 14,900 |
GMAT | 20,600 |
GRE | 15,900 |
Tuition Fees for Masters in Statistics in USA
The average tuition fees required to pursue masters in statistics in USA ranges between 20 lakhs to 40 lakhs. The annual tuition fees of some popular universities for pursuing a postgraduate course in statistics in US are given below:
University Name | Average Costs (INR) |
---|---|
University of California--Berkeley | 22.4 Lakhs |
Johns Hopkins University | 47.6 Lakhs |
University of Washington | 17.2 Lakhs |
University of Chicago | 25.9 Lakhs |
Carnegie Mellon University | 25. 2 Lakhs |
University of Michigan | 19.3 Lakhs |
Costs of Living in USA
To study in USA, students are required to be prepared with an annual budget for living expenses. Living expenses in US are highly dependent on city. However, the average cost to live in USA is given below:
Type of Expense | Average Costs (INR ) |
---|---|
Accommodation | 60,000 - 90,000 |
Transportation | 15,000 |
Basic Utilities | 22,000 |
Course Materials | 18,000 |
Food and Household Items | 11,900 |
Masters in Statistics in US: Scholarships
Some of the universities offering MS in Statistics courses in the US provide various types of scholarships in US and awards to international candidates to cover up their studies. Below we have given some of the popular scholarships to study in USA for Masters in Statistics courses
- Fulbright Scholarship: This scholarship is provided for international candidates studying at Stanford University. Masters students are eligible for the scholarship. The total amount given under this scholarship varies for students.
- KC Mahindra Trust Scholarship: Indian students can apply for this scholarship has a bachelor's degree with 65% marks. The amount varies under the scholarship.
- Karsh International Scholars Program: This is provided to the students with outstanding academic achievement with the benefit of around 7,000 USD.
- Civil Society Leadership Award: International candidates who are studying Masters's degree are eligible for the scholarship having good academic records. Students will get a number of benefits under the scholarship including tuition fees, living expenses etc.
- Fully-Funded Rotary Peace Fellowships: Students studying Masters' degrees in the US are eligible for the scholarship. This is an external scholarship in which students will get benefits such as tuition, fees, rooms, transportation etc.
Jobs after Masters in Statistics in USA
Candidates after completing their MSc in Statistics in the US, can either look for a job in US or pursue their higher education. The average salary fresher candidates can earn after completing their Masters in Statistics can range between 31,000 to 55,000 USD per annum.
Below we have given the salary of different job roles after completing their Masters in Statistics in USA.
Job Roles | Average Salary in USD (per month) |
---|---|
Financial Analyst | 73,725 |
Financial Planner | 69,450 |
Sports Analytics | 60,375 |
Mathematician | 79,280 |
Data Scientist | 97,230 |
Statistician | 91,062 |
With experience the average salary of a candidate will start getting higher depending upon their job. They can also look for getting settled in the country or can look for jobs in the Indian Market as well.
Masters in Statistics Universities in USA: ROI
Below are given some of the most popular colleges which provide the best placements after completing Masters in Statistics courses in US.
University Name | Average Salary in USD |
---|---|
Stanford University | 135,000 |
John Hopkins University | 110,000 |
Duke University | 102,000 |
University of Washington | 80,000 |
Candidates after completing their Masters in Statistics course in the US can look for a job or higher studies in the country. Interested students can also look for MBA or PhD courses after completing their program.
FAQs
Ques. What exams do I need to appear to pursue a Masters in Statistics course in US?
Ans. IELTS, TOEFL, GRE, or GMAT are some of the tests which international candidates need to appear to pursue a Masters in Statistics course in the US.
Ques. What are the English language requirements for the Masters in Statistics in US?
Ans. International candidates must have an IELTS score of at least 6.0 to 6.5 or a TOEFL score of 70 - 95 to get admissions to the Masters in Statistics Program in the US.
Ques. What are the average tuition fees for pursuing Masters in Statistics in the US?
Ans. The average tuition fee for pursuing the Masters in Statistics program in the US is between 21,000 to 65,000 USD per year.
Ques. Can I apply for an MBA after a Masters's in Statistics in the US?
Ans. Yes, you can apply for the MBA degree programs after completing the Masters in Statistics Program in the US.
Ques. Are statisticians in high demand?
Ans. Yes, pursuing a master's degree in statistics is beneficial for candidates. According to US Labour Statistics, the overall employment rate of a statistician and a mathematician is going to grow by 33 percent from 2020 to 2030 which is much faster than the average of other occupations.
Ques. What are some of the best statistics universities in the US?
Ans. Stanford University, Harvard University, Duke University, University of Washington, University of Michigan are some of the most popular universities in the US.
Ques. Are scholarships available for Masters in Statistics in the US?
Ans. Yes, there are a lot of scholarships and awards provided by the university to international candidates to complete their studies.
Ques. What are the jobs a student can get after completing a master's degree in statistics from the US?
Ans. Candidates after completing their Masters in Statistics in the US will get a job such as applied Statistician, data scientist, sports analytics, mathematician, market research analytics, financial analyst, etc.