A Master of Science, otherwise known as an MSc, is a degree that is typically earned following an undergraduate degree. An MSc can make it easier to enter an advanced career and earn a higher salary because graduates can demonstrate advanced knowledge in a particular field.

What is an MSc in Statistics? It is a master’s program that focuses on the practical and theoretical applications of data and information, most commonly in a business environment. This field of study can include mathematics, risk analysis, data collection, and algorithmic applications. You will likely also learn about business practices and processes. By studying statistics, you are preparing to enter a position analyzing information and creating reports to influence business decisions.

By earning a Master of Science in Statistics, you can enjoy many benefits, including developing a set of skills that will help advance your career. These abilities may include evaluating abstract ideas, thinking critically, and researching complex concepts.

Before beginning a master’s in statistics program, you should determine the cost of enrolling. To do this, you need to research all the different contributing factors, including the length of study and the country you are studying in. Each school and program will have different tuition and fees.

While it is most common for an MSc in Statistics to lead to a business career, it is also possible to enter the medical, financial, political, insurance, or agricultural fields. The typical position is statistician, but it is also possible to work in information technology or marketing, or as a financial analyst, auditor, researcher, or business consultant. Whatever position you enter, using your education in statistics means you will be collecting and analyzing data to help managers make informed decisions.

The best way to begin your statistics education is to find the most beneficial MSc program. They are available online through universities around the world. Search for your program below and contact directly the admission office of the school of your choice by filling in the lead form.