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Statistics is composed of a set of mathematical techniques that help to analyze data collected. Professionals use statistical thinking, parameters and methods to explain results and anticipate possible outcomes on various scientific, social and business topics. 

Therefore, statistics is a valuable tool that is used in other disciplines such as medicine, natural sciences, sociology, economics, engineering and marketing. Statisticians collect data, summarize information, draw conclusions and make predictions.

The Master of Statistics provides advanced training in mathematical and applied statistics, exposure to statistics in a consulting or collaborative research environment, and specialized courses in various areas of emphasis. The program aims to prepare students for careers as practicing statisticians, provide greater research experience for students pursuing advanced studies in other fields 

And to strengthen the mathematical and statistical background of students preparing for doctoral studies in statistics or a related field. There are universities and institutions that offer this program free of charge or that offer the possibility of a scholarship.

The Free Master of Statistics is a degree in statistics that prepares outstanding students for successful and productive careers. Graduate curriculum is designed to equip students with the decision-making skills necessary for successful careers as professional statisticians. 

What is a Master Degree in Statistics ?

The Master of Statistics approach generally provides a deep and broad theoretical understanding of statistics, but with an emphasis on practical applications. The ways in which the mathematical sciences can be applied in today’s society are diverse and new fields continue to be developed. 

Students in this type of program can study data collection methods, risk calculations, environmental and spatial statistics, algorithmic applications, and mathematical theories and methodologies.

Specializations in statistics include: statistics and measurement, statistical inference, econometrics, quantitative methods of financial markets, life science statistics, computer finance, and biostatistics.

Students and professionals will use computer knowledge and transferable skills such as analytical skills, sound logic, and the ability to interpret large amounts of information and communicate results effectively.

Program, Subjects and Content of the Master Degree in Statistics

These are some of the topics that can be included in the programmatic content of a Master’s degree in Statistics:

  • Statistics and Probability 
  • Design and regression applied
  • Variation analysis
  • Sampling and categorical data
  • Time series analysis
  • Statistics topics
  • Basic concepts of statistical learning
  • Variation analysis
  • Sampling and categorical data
  • Statistical Consulting 
  • Statistical Computing
  • Time series analysis
  • Topics of applied statistics
  • Applied Bayesian analysis
  • Basic concepts of statistical learning
  • Stochastic processes 
  • Survival analysis 
  • Data management Professional statistics 
  • Advanced data analysis

How Long Does the Master Degree in Statistics Take ?

A Master’s degree in Statistics lasts for 2 years, approximately full time.

Where can I Work with the Master of Statistics ?

People with an advanced degree are equipped with the knowledge and experience to succeed in a number of professional fields within the international job market.  They can also enroll in a PhD. program, which opens the door to a career in education and research.

Professions requiring statistics are too numerous to list due to the widespread need for this skill, but fields include medical, insurance, financial, political and industrial, to name a few. Graduates can help companies with technical decision-making processes, provide statistical knowledge for corporate operations, or evaluate potential fraud cases. 

Banks, market research firms, and pharmaceutical companies actively recruit statisticians, and many students are hired in professional positions before they graduate. Graduate statisticians can easily find work wherever data-based decisions need to be made. 

They can become business analysts, economists, mathematicians, data analysts, risk analysts, environmental scientists and, of course, can advance to management positions. Professionals work in various industries, such as medicine, health care and pharmaceuticals, market research, public administration, sociology, business or insurance.

Countries and Cities Where You Can Study the Master Degree in Statistics for Free Getting a Scholarship

  • Finland
  • Italy
  • Netherlands
  • United States
  • Belgium
  • Portugal
  • Russia

Institutes, Centers and Universities where the Master of Statistics is Possibly Taught for Free, through Scholarships

Master’s Degree in Mathematics and Statistics

  • University of Helsinki
  • Helsinki, Finland.

Master in Statistical Methods and Applications

  • Sapienza University of Rome
  • Rome, Italy.

Master in Methodology and Statistics for Behavioral, Biomedical and Social Sciences

  • Utrecht University
  • Utrecht, The Netherlands.

Master in Statistics

  • George Washington University – Columbian College of Arts and Sciences
  • Washington, United States.

Master’s Degree in Statistics

  • Hasselt University
  • Hasselt, Belgium.

Master in Statistics and Information Management – Information Analysis and Management

  • Lisbon, Portugal.

Master in Theory of Statistical Learning

  • National Research University
  • Moscow, Russia.

Master Degree in Statistics Reference Prices

The prices of the Master of Statistics can be varied. The prices of these Masters are between $7,200 and $36,500. In some cases it can have a higher cost.

The cost of this Master’s degree will vary according to the country where it is taught, the institution or university that teaches the Master’s degree, the modality, the duration, and the materials provided during the study, among other factors.

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