Masters in Mathematics and Statistics Programs encompass options to earn a graduate degree in concentration areas such as information technology analytics, big data, risk management, computational science and advanced mathematics. Graduate Mathematics and Statistics programs offer students the opportunity to continue on into doctoral programs, or prepare for potential professional careers in disciplines which make use of the mathematical and statistical sciences, such as research and academics[i]. Often a curriculum is intended for individuals who have strong backgrounds, but not necessarily baccalaureate degrees, in mathematics or statistics.
Masters in Mathematics and Statistics: Program Basics
The typical on-site master's degree program in Mathematics and Statistics takes two years of full-time study to accomplish. In some programs it may be necessary to have specific entrance requirements, such as the completion of undergraduate coursework in certain areas of statistics, such as linear algebra, calculus or basic mathematical statistics. Or, in the case of Math Masters programs, because you may be working with data analysis software, computer programming courses may be required or beneficial[ii].
As a graduate student, it may be helpful to find a Master’s in Mathematics and Statistics program that aligns with any specific career goals you might have. You may have to decide between a thesis or non-thesis option; this could also be reflected in whether you choose a Master of Science or a Master of Arts program.
Why Earn a Mathematics and Statistics Master’s Degree?
According to recent reports by the Bureau of Labor Statistics, there is a fast growing need for Statisticians and Mathematicians with graduate degrees that show high levels of statistical knowledge, computer programming, strong quantitative and data analysis skills.[iii]