by our College Data Analytics TeamStudying Business Statistics involves the study of Business Statistics. A Program That Focuses On The Application Of Mathematical Statistics To The Description, Analysis, And Forecasting Of Business Data. Includes Instruction In Statistical Theory And Methods, Computer Applications, Data Analysis And Display, Long- And Short-Term Forecasting Methods, And Market Performance Analysis. Read on to learn the key facts every business statistics student should know — including career paths, salary data, the skills you will develop, and the best colleges offering business statistics programs.
Across the country, business statistics draws strong interest, with 5,396 degrees awarded annually.
Our 2026 Best Business Statistics Schools ranking analyzes these 96 schools to determine the best overall colleges for business statistics students. Continue reading to check out one of our many unbiased rankings of business statistics programs later in this article.
Coursework for Business Statistics build a specific mix of skills, knowledge, and abilities — derived from O*NET surveys of workers in the occupations business statistics graduates commonly enter.
Skills emphasized by a business statistics program reflects the day-to-day work of related occupations:
Per O*NET surveys, a business statistics major emphasizes the following knowledge areas:
There are several business statistics degree levels. The table below shows the typical length of the most common levels, and how many graduates earn each one.
| Degree | Typical Program Length | Graduates Annually |
|---|---|---|
| Certificate | Varies | 28 |
| Associate Degree | 2 years | 90 |
| Bachelor’s Degree | 4 years | 800 |
| Master’s Degree | 1-3 years | 4,462 |
| Doctorate | At least 4 years | 8 |
People currently working in careers related to business statistics tend to have obtained the following education levels.
| Level of Education | Percentage of Workers |
|---|---|
| Bachelor’s degree | 48.3% |
| Master’s degree | 29.7% |
| Doctoral degree | 12.9% |
| Associate’s degree (or other 2-year) | 3.5% |
| Post-baccalaureate certificate | 2.8% |
| Post-doctoral training | 1.4% |
| Some college courses | 0.9% |
| First professional degree | 0.2% |
| Post-master’s certificate | 0.2% |
View the chart below to get an idea of what level of education most of those in business statistics careers hold.
Source: ONET Online education / training / experience requirements.*
Studying business statistics prepares you for many career paths. These are some of the most common occupations related to business statistics.
The following options are some of the most in-demand careers related to business statistics.
| Occupation | Projected Jobs | Expected Growth |
|---|---|---|
| Business Intelligence Analysts | 585,851 | 1.3% |
| Data Scientists | 507,848 | 8.1% |
| Statisticians | 307,132 | 6.6% |
| Clinical Data Managers | 300,656 | -0.9% |
| Business Teachers, Postsecondary | 181,317 | 10.6% |
| Mathematical Science Teachers, Postsecondary | 96,977 | 14.0% |
| Biostatisticians | 76,966 | 7.4% |
| Survey Researchers | 76,556 | 11.1% |
Federal data tracks median earnings of business statistics graduates 1, 4, and 5 years after completion. Wages typically rise as graduates gain experience.
| Years Out | Median Earnings |
|---|---|
| 1 year | $88,001 |
| 4 years | $83,500 |
| 5 years | $95,189 |
Source: U.S. Department of Education College Scorecard, field-of-study earnings tracker.
Salaries for business statistics graduates vary widely by occupation. The following table shows the top highest-paying careers business statistics grads often go into.
| Occupation | Median Annual Salary |
|---|---|
| Business Intelligence Analysts | $143,840 |
| Statisticians | $130,349 |
| Biostatisticians | $121,594 |
| Survey Researchers | $108,538 |
| Data Scientists | $106,295 |
| Clinical Data Managers | $99,475 |
| Business Teachers, Postsecondary | $80,576 |
| Mathematical Science Teachers, Postsecondary | $40,564 |
With 96 different business statistics programs to choose from, finding the best fit can be a challenge. We have analyzed these schools to produce unbiased business statistics school rankings to help you.
Students interested in business statistics, you may also want to explore other closely related fields of study within the same broad area.
| Related Major | Annual Graduates |
|---|---|
| Management Science | 34,245 |
| Management Sciences and Quantitative Methods, Other | 21,232 |
| Actuarial Science | 1,363 |
More about our data sources and methodologies.
