Best institutions to study Business Statistics
A program that focuses on the application of mathematical statistics to the description, analysis, and forecasting of business data.
107 U.S. institutions graduated 5,978 Business Statistics students in 2024–25 (IPEDS). It is CIP 52.1302, a specialization of Management Sciences and Quantitative Methods (CIP 52.13), and leads most directly to the Statisticians occupation (BLS SOC 15-2041).
About Business Statistics programs
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.
See also: 27.0501 - Statistics, General., 30.7102 - Business Analytics.
Source: National Center for Education Statistics, Classification of Instructional Programs (CIP 2020).
The Business Statistics program, part of Management Sciences and Quantitative Methods, focuses on applying mathematical statistics to analyze and forecast business data. This program is designed for students interested in understanding data-driven decision-making processes in various business contexts. It equips learners with essential statistical skills to interpret complex information effectively.
Students in this program will gain proficiency in statistical theory and methods, data analysis, and computer applications. Coursework typically includes long- and short-term forecasting methods and market performance analysis, fostering critical thinking and analytical skills vital for business environments.
Credentials awarded
What Business Statistics graduates earned in 2024–25, by award level (IPEDS completions).
- Master's degree4,617 graduates / yr · 66 institutions77%
- Bachelor's degree829 graduates / yr · 40 institutions14%
- Postbaccalaureate certificate354 graduates / yr · 22 institutions5.9%
- Associate's degree93 graduates / yr · 4 institutions1.6%
- Award of at least 12 weeks but less than 1 academic year27 graduates / yr · 3 institutions0.5%
- Award of at least 1 but less than 2 academic years26 graduates / yr · 3 institutions0.4%
- Post-master's certificate20 graduates / yr · 3 institutions0.3%
- Doctor's degree - research/scholarship7 graduates / yr · 3 institutions0.1%
- Award of less than 12 weeks5 graduates / yr · 1 institution0.1%
Graduates over time
Business Statistics completions reported to IPEDS each year, all award levels combined.
| Year | Graduates |
|---|---|
| 2012 | 126 |
| 2013 | 120 |
| 2014 | 248 |
| 2015 | 466 |
| 2016 | 921 |
| 2017 | 1,304 |
| 2018 | 1,881 |
| 2019 | 2,765 |
| 2020 | 2,956 |
| 2021 | 4,241 |
| 2022 | 4,271 |
| 2023 | 4,853 |
| 2024 | 5,343 |
| 2025 | 5,978 |
Top 50 institutions for Business Statistics, ranked by graduates
Graduates (IPEDS completions), 2024–25. Award levels show which credentials each institution confers in this specialization.
| # | Institution | Graduates / yr | Grad rate | Net price | Field earnings* (1 yr) |
|---|---|---|---|---|---|
| 1 | Johns Hopkins University Baltimore, MDPrivate not-for-profitMaster's | 663 | 94% | $11,888 | — |
| 2 | Southern New Hampshire University Manchester, NHPrivate not-for-profitBachelor'sMaster'sAssociate's | 515 | 43% | $34,565 | $76,718 |
| 3 | University of New Haven West Haven, CTPrivate not-for-profitMaster'sBachelor's | 432 | 63% | $32,614 | — |
| 4 | Sacred Heart University Fairfield, CTPrivate not-for-profitMaster's | 365 | 73% | $42,705 | — |
| 5 | Washington University in St Louis St. Louis, MOPrivate not-for-profitMaster'sPost-degree cert. | 291 | 94% | $14,126 | — |
| 6 | University of Maryland - College Park College Park, MDPublicMaster's | 216 | 89% | — | $72,304 |
| 7 | The University of Tennessee - Knoxville Knoxville, TNPublicBachelor'sMaster's | 210 | 74% | — | $59,501 |
| 8 | University of South Carolina - Columbia Columbia, SCPublicPost-degree cert.Master's | 176 | 79% | — | $68,804 |
| 9 | Northeastern University Boston, MAPrivate not-for-profitMaster's | 167 | 91% | $18,925 | — |
| 10 | Stevens Institute of Technology Hoboken, NJPrivate not-for-profitMaster'sPost-degree cert. | 156 | 87% | $34,827 | — |
| 11 | Boston University Boston, MAPrivate not-for-profitMaster's | 114 | 89% | $21,956 | — |
| 12 | University of Southern Indiana Evansville, INPublicMaster's | 102 | 48% | — | — |
| 13 | Miami University - Oxford Oxford, OHPublicBachelor'sMaster's | 101 | 80% | — | $74,770 |
| 14 | Oklahoma State University - Main Campus Stillwater, OKPublicMaster'sPost-degree cert. | 95 | 68% | — | — |
| 15 | Georgetown University Washington, DCPrivate not-for-profitMaster's | 91 | 95% | $22,242 | $92,963 |
| 16 | Michigan State University East Lansing, MIPublicMaster's | 90 | 81% | — | $69,443 |
| 17 | University of Maryland Global Campus Adelphi, MDPublicMaster'sPost-degree cert. | 89 | 33% | — | — |
| 18 | University of Miami Coral Gables, FLPrivate not-for-profitMaster'sBachelor's | 83 | 84% | $26,589 | — |
| 19 | University of Colorado Boulder Boulder, COPublicMaster's | 81 | 74% | — | — |
| 20 | University of Denver Denver, COPrivate not-for-profitBachelor'sMaster'sPost-degree cert. | 81 | 76% | $29,726 | $65,557 |
| 21 | Bentley University Waltham, MAPrivate not-for-profitMaster'sBachelor's | 80 | 87% | $31,677 | $81,103 |
| 22 | Northwood University Midland, MIPrivate not-for-profitMaster'sBachelor's | 75 | 63% | $24,986 | $54,298 |
| 23 | University of Michigan - Ann Arbor Ann Arbor, MIPublicMaster's | 65 | 93% | — | — |
| 24 | Adelphi University Garden City, NYPrivate not-for-profitMaster'sMaster's | 65 | 67% | $27,326 | — |
| 25 | Cornell University Ithaca, NYPrivate not-for-profitMaster's | 65 | 95% | $17,613 | — |
| 26 | University of Southern California Los Angeles, CAPrivate not-for-profitMaster'sMaster's | 62 | 92% | $26,873 | — |
| 27 | Hofstra University Hempstead, NYPrivate not-for-profitMaster'sBachelor's | 61 | 69% | $34,539 | $51,494 |
| 28 | University of St Thomas Saint Paul, MNPrivate not-for-profitMaster'sPost-degree cert. | 57 | 76% | $28,888 | $78,978 |
| 29 | Westcliff University Irvine, CAPrivate for-profitMaster's | 57 | 62% | $26,754 | — |
| 30 | Wilmington University New Castle, DEPrivate not-for-profitMaster's | 56 | 20% | $16,588 | — |
| 31 | Indiana University - Bloomington Bloomington, INPublicMaster's | 49 | 80% | — | — |
| 32 | Suffolk University Boston, MAPrivate not-for-profitMaster's | 47 | 61% | $28,895 | — |
| 33 | Texas A&M University - College Station College Station, TXPublicMaster's | 46 | 84% | — | — |
| 34 | St. John's University - New York Queens, NYPrivate not-for-profitBachelor'sMaster's | 45 | 66% | $27,359 | $82,432 |
| 35 | North Carolina State University at Raleigh Raleigh, NCPublicPost-degree cert. | 44 | 85% | — | — |
| 36 | University of Missouri - Kansas City Kansas City, MOPublicPost-degree cert. | 42 | 55% | — | — |
| 37 | University of Hartford West Hartford, CTPrivate not-for-profitMaster'sBachelor's | 40 | 54% | $28,311 | — |
| 38 | Rensselaer Polytechnic Institute Troy, NYPrivate not-for-profitMaster'sBachelor's | 40 | 84% | $28,900 | — |
| 39 | Providence College Providence, RIPrivate not-for-profitMaster'sPost-degree cert. | 40 | 86% | $32,048 | — |
| 40 | University of Georgia Athens, GAPublicMaster's | 37 | 90% | — | $62,951 |
| 41 | Temple University Philadelphia, PAPublicMaster'sPost-degree cert. | 37 | 75% | — | $74,778 |
| 42 | Fairfield University Fairfield, CTPrivate not-for-profitMaster's | 36 | 84% | $36,845 | — |
| 43 | Rutgers University - Newark Newark, NJPublicMaster's | 35 | 64% | — | — |
| 44 | CUNY Bernard M Baruch College New York, NYPublicBachelor'sPost-degree cert. | 34 | 72% | — | $62,306 |
| 45 | University of Central Oklahoma Edmond, OKPublicMaster'sAward of at least 1 but less than 2 academic years | 34 | 37% | — | — |
| 46 | University of Massachusetts - Dartmouth North Dartmouth, MAPublicMaster'sPost-degree cert. | 33 | 52% | — | — |
| 47 | Golden Gate University San Francisco, CAPrivate not-for-profitMaster'sBachelor'sPost-degree cert. | 32 | — | — | — |
| 48 | The University of Findlay Findlay, OHPrivate not-for-profitMaster's | 32 | 58% | $23,128 | — |
| 49 | University of Tulsa Tulsa, OKPrivate not-for-profitMaster's | 27 | 72% | $23,470 | — |
| 50 | Mississippi Gulf Coast Community College Perkinston, MSPublicAward of at least 1 but less than 2 academic yearsAssociate's | 26 | 48% | — | — |
* Median earnings 1 year after graduation for the broader Management Sciences and Quantitative Methods field (CIP 52.13) at these institutions; College Scorecard does not publish earnings at the 6-digit level.
Offered in 38 states & territories
Where Business Statistics graduates come from. Each state links to all Management Sciences and Quantitative Methods programs offered there.
Careers & outlook
The payoff after graduation: occupation 15-2041, Statisticians, and its national outlook.
Graduates of the Business Statistics program can pursue careers as statisticians, data scientists, and survey researchers, among others. The job outlook for statisticians is particularly strong, with an expected growth rate of 8.5% and approximately 2,000 annual openings. The median wage for this field is around $103,300, typically requiring a master's degree.
Top-paying metros
Career pathways for CIP 52.1302
The occupations the NCES crosswalk maps this 6-digit code to, with BLS pay and 10-year outlook.
| Occupation | US median pay | Growth | Openings / yr | Typical entry education |
|---|---|---|---|---|
Statisticiansprimary SOC 15-2041 | $105,650 | +8.5% Much faster than average | ~2,000 | Master's degree |
Data Scientists SOC 15-2051 | $120,230 | +33.5% Much faster than average | ~23,400 | Bachelor's degree |
Business Teachers, Postsecondary SOC 25-1011 | $99,080 | +5.7% Faster than average | ~8,100 | Doctoral or professional degree |
Mathematical Science Teachers, Postsecondary SOC 25-1022 | $79,940 | +2.3% About as fast as average | ~4,400 | Doctoral or professional degree |
Survey Researchers SOC 19-3022 | $69,460 | -5.2% Decline | ~700 | Master's degree |
Job Zone Five: Extensive Preparation Needed
- Education
- Most of these occupations require graduate school. For example, they may require a master's degree, and some require a Ph.D., M.D., or J.D. (law degree).
- Experience
- Extensive skill, knowledge, and experience are needed for these occupations. Many require more than five years of experience. For example, surgeons must complete four years of college and an additional five to seven years of specialized medical training to be able to do their job.
- Training
- Employees may need some on-the-job training, but most of these occupations assume that the person will already have the required skills, knowledge, work-related experience, and/or training.
Related careers
Skills & knowledge in Business Statistics programs
From the U.S. Dept. of Labor for the occupation this specialization most leads to.
Skills you'll build
Knowledge areas
Abilities that matter most
Day-to-day work activities
What graduates do on the job
- Analyze and interpret statistical data to identify significant differences in relationships among sources of information.
- Evaluate the statistical methods and procedures used to obtain data to ensure validity, applicability, efficiency, and accuracy.
- Report results of statistical analyses, including information in the form of graphs, charts, and tables.
- Determine whether statistical methods are appropriate, based on user needs or research questions of interest.
- Prepare data for processing by organizing information, checking for inaccuracies, and adjusting and weighting the raw data.
- Develop and test experimental designs, sampling techniques, and analytical methods.
Tools and technology used
Other Management Sciences and Quantitative Methods specializations
The 3 other 6-digit CIP codes under Management Sciences and Quantitative Methods (CIP 52.13).
Common questions
What degrees can I earn in Business Statistics?+
You can earn a bachelor's degree, master's degree, postbaccalaureate certificate, or an associate's degree in Business Statistics.
What skills will I develop in this program?+
You will develop skills in mathematics, critical thinking, data analysis, and effective communication.
What careers can I pursue with a degree in Business Statistics?+
You can work as a statistician, data scientist, or survey researcher, among other roles.
What is the job outlook for statisticians?+
The job outlook for statisticians is much faster than average, with an expected growth rate of 8.5%.
What is the CIP code for Business Statistics?+
Business Statistics is CIP 52.1302 in the NCES Classification of Instructional Programs (CIP 2020), a 6-digit specialization within Management Sciences and Quantitative Methods (CIP 52.13). NCES defines it as: 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.
How many institutions offer Business Statistics programs?+
107 U.S. institutions reported Business Statistics graduates in IPEDS 2024–25, across 38 states & territories, awarding 5,978 credentials in the year. That is 9.0% of all Management Sciences and Quantitative Methods graduates.
How much do Business Statistics graduates earn?+
Earnings are not published at the 6-digit CIP level by any federal source. The Statisticians occupation, which Business Statistics most directly leads to, pays a median of $105,650 a year nationally (BLS OEWS May 2025), and graduates of the broader Management Sciences and Quantitative Methods field report median earnings of $69,443 one year after graduation (College Scorecard).
About the data on this page
Every figure comes from an official federal or public source. Here is each one and the release it is currently on.
Program definitions are from the NCES Classification of Instructional Programs (CIP 2020). Skills, knowledge, abilities, work activities, tools, and job zones are from the O*NET database by the U.S. Department of Labor, used under the CC BY 4.0 license.
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