Since December 2013, online job postings for statisticians and data science professionals have risen by 256%, according to the Indeed Hiring Lab. These in-demand “super analysts” are able to do deep dives into quantitative analysis. In response to that trend, the Fox School of Business has developed a 30-credit Master of Science in Statistics and Data Science with full-time and part-time options.
With this new degree, the school will help students and future graduates take advantage of the increasing number of job opportunities in this emerging career area. The Fox MS in Statistics and Data Science is built for students who want to develop in-depth statistical knowledge. These lessons are paired with a modern and data-focused educational experience, with a curriculum full of opportunities to develop critical thinking skills in the context of real-world problems in the industry.
“The primary mission of this new program is to graduate students with the highest levels of quantitative understanding,” says Eric Eisenstein, director of marketing and supply chain management graduate programs. “We are preparing them for highly specialized positions in business.”
Courses will cover statistics, business intelligence, data analytics, data mining, big data engineering, program management, causal learning and discovery, and machine learning. As a result of the program, statistics and data science professionals will understand prescriptive, descriptive, and predictive analytics, and will be able to embrace these technologies as they evolve. They will learn how to use cutting-edge analytical tools and software, as well as enhance their communication skills in order to translate modern data into insights for decision makers.
Students also participate in a three-credit capstone course designed to integrate “real world” problems into the curriculum. During the project, organizations will explain a data-driven challenge and partner with a student who will identify, estimate, evaluate, and communicate analytic solutions. Students may work on problems associated with their job at their current employer, while others will work in teams as consultants to a sponsoring corporation.
“The curriculum and the professors teaching the courses will put the Fox School on the map for thought leadership and innovation within the field of data science,” says Eisenstein.