The Best Universities for
Business Statistics in 2021
Business statistics involves analyzing, interpreting, and categorizing data. Business administrative experts use this data to help organizations make decisions on products, markets, and consumers. If you want to enter one of the best business intelligence careers, the best schools for business statistics can train you.
While most schools do not offer a degree in business statistics, it is often a part of a business administration, economics, or data analytics program. This guide will highlight the best schools for these topics as well as their costs.
Overview: The Top 10 Business Statistics Colleges in 2021
The table below contains a list of the top colleges and universities that offer business statistics programs. It also lists the programs and their costs. This can help you streamline the searching process and find the best program for you. All information below has been sourced from each school’s official website.
| School | State | Degrees and Tuition | Online Options |
|---|---|---|---|
| Boston University | MA | Master of Science in Applied Business Analytics $505 per credit (courses numbered 100 to 599) $940 per credit (courses numbered 600t to 999) |
Yes |
| Cleveland State University | OH | Bachelor of Business Administration in Business Economics $426 per credit hour (in-state) $608 per credit hour (out-of-state) Master of Arts in Economics $579 per credit hour (in-state) $991 per credit hour (out-of-state) |
No |
| Drexel University | PA | Bachelor of Science in Business Administration $452 per credit Master of Science in Business Analytics $1,139 per credit |
Yes |
| Ferris State University | MI | Bachelor of Science in Business Data Analytics $12,740 per year Advanced Studies Certificate in Business Intelligence $686 per credit hour |
No |
| Southern New Hampshire University | NH | Bachelor of Science in Business Administration, Concentration in Business Analytics $625 per credit Master of Science in Applied Economics $627 per credit Master of Science in Business Analytics $627 per credit (online) $700 per credit (on-campus) |
Yes |
| Temple University | PA | Bachelor of Science in Statistical Science and Data Analytics $10,572 per semester (in-state) $19,272 per semester (out-of-state) Master of Science in Business Analytics $1,142 per credit hour Graduate Certificate in Business Analytics $1,218 per credit hour (in-state) $1,276 per credit hour (out-of-state) |
No |
| University of Denver | CO | Bachelor of Science in Business Analytics $53,640 per year Master of Science in Business Analytics $48,594 per year Graduate Certificate in Business Analytics $48,594 per year |
Yes |
| The University of Tennessee | TN | Bachelor of Science in Business Administration, Business Analytics Major $13,244 per year (in-state) $31,664 per year (out-of-state) Bachelor of Science in Business Administration, Economics Major $13,244 per year (in-state) $31,664 per year (out-of-state) Master of Business Administration, Business Administration Major, Concentration in Business Analytics $13,380 per year (in-state) $31,798 per year (out-of-state) |
Yes |
| Webster University | MO | Undergraduate Certificate in Data Analytics $28,500 per year Bachelor of Science in Business Administration, Concentration in Economics $28,500 per year Bachelor of Science in Data Analytics $28,500 per year Master of Science in Data Analytics $650 to $780 per credit hour, varies by campus |
Yes |
| Western Illinois University | IL | Bachelor of Business in Business Analytics $308 per credit hour Bachelor of Business in Economics $308 per credit hour |
Yes |
Business Statistics Degree Levels Explained
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Business statistics is part of several other degree programs. It is found in statistics, mathematics, data analytics, and economics. Below are the different degree levels in business statistics.
Business Statistics Associate Degree
There are many associate degrees in business statistics fields, and data analytics is one of them. Students here learn to solve organizational problems with data and apply the data analytics policies and standards to meet an organization’s standard of privacy.
These programs are held in community colleges and can take up to two years to complete. It is a 60-credit program, which is half the requirement of a bachelor’s. Although there are no associate degree programs on this list, you can still find Associate Degrees in Business Statistics at local community colleges.
Business Statistics Bachelor’s Degree
This bachelor’s degree program teaches students how to collect, organize, and analyze data for businesses. It is designed to help analysts solve business issues. The program usually lasts for four years. You can find majors in business analysis, statistics, data analytics, and economics.
Graduates develop strong communication skills that they need to explain technical and statistical data. The curriculum covers knowledge on how to gather information and use it to help organizations, businesses, and agencies. Most graduates take up entry-level roles.
Business Statistics Master’s Degree
This graduate degree teaches students to use statistical and mathematical data to make decisions, process information, and collect research. It is relevant in different industries like health, business, science, and education. The program takes at least two years to finish and it qualifies graduates for mid-level jobs.
Graduates learn to develop questionnaires and gather data. They learn to determine sample size groups and prepare relevant instructions. The career paths for the graduates are numerous, and they also involve opportunities in research and academia.
Business Statistics Doctorate
Doctorate programs also have business statistics options. These degrees are usually based on a specific project or research. Each program emphasizes computational and theoretical statistics. Graduates usually work with government agencies or corporations.
The program can be completed in three years for full-time students. In some cases, it may take longer. Graduates qualify for supervisory and expert positions in most cases.
In Detail: The Best Business Statistics Schools of 2021
The best business statistics schools boast high graduation rates, excellent curriculum, and affordability. They offer an opportunity to learn skills you can apply in a broad range of fields. Read below to learn more about the best business statistics schools of 2021.
Boston University
Degree Levels: Master’s
Graduation Rate: 86.5 percent
Regional Accreditation: The New England Commission of Higher Education
This Master of Science in Applied Business Analytics provides a hands-on experience with different analytical models. It also covers decision support tools that can be applied to interlinked data input as well as large datasets. Graduates can select suitable analytical methods, analyze data-driven processes, and monitor performance trends.
Boston University Business Statistics Pros
- Active learning environment
- Engaged faculty
- Complementary analytics labs
- Online options
Boston University Business Statistics Cons
- Poor support structure
- Expensive courses in higher levels
Cleveland State University
Degree Levels: Bachelor’s, Master’s
Graduation Rate: 56.1 percent
Regional Accreditation: North Central Association of Colleges and Schools
The Bachelor of Business Administration in Business Economics from Cleveland State University helps students develop quantitative, analytical, and communication skills. They learn how to analyze and interpret data from different sources. The Master of Arts in Economics is also a good program for business statistics.
Cleveland State University Business Statistics Pros
- Affordable programs
- World-class professors
- Solid curriculum
Cleveland State University Business Statistics Cons
- No online options
Drexel University
Degree Levels: Bachelor’s, Master’s
Graduation Rate: 69.9 percent
Regional Accreditation: Middle State States Commission on Higher Education
You can get a business administration bachelor’s degree from this school. If you prefer a master’s, you can also find a Master’s Degree in Business Analytics. Business statistics is not a standalone program in this university. Rather, it is a course within these programs. You can learn the basic principles of descriptive statistics.
Drexel University Business Statistics Pros
- Offers accelerated programs
- Co-op opportunities
- Great curriculum
Drexel University Business Statistics Cons
- Rigorous academics
Ferris State University
Degree Levels: Bachelor’s, Graduate Certificate
Graduation Rate: 49 percent
Regional Accreditation: Higher Learning Commission
These programs train statistics students to discover hidden information in texts, databases, and the Internet where reports cannot reveal it. The main courses include an introduction to data mining, foundations for business analytics, and inferential statistics. Students also learn data mining tools, applied linear models, and programming for analytics.
Ferris State University Business Statistics Pros
- Good career preparation
- Hands-on training
- Excellent staff support
Ferris State University Business Statistics Cons
- Expensive tuition
- No master’s degree
Southern New Hampshire University
Degree Levels: Bachelor’s, Master’s
Graduation Rate: 44.2 percent
Regional Accreditation: The New England Commission of Higher Education
Both the bachelor’s and master’s programs will develop your business knowledge. You can get an international perspective and understand ethical values. The university uses cutting-edge technology to hone problem-solving and critical thinking skills. Graduates of these programs can thrive in the dynamic business environment of today.
Southern New Hampshire University Business Statistics Pros
- Easy transfer of credits
- Accessible instructors
- Online options
Southern New Hampshire University Business Statistics Cons
- Low graduation rates
Temple University
Degree Levels: Bachelor’s, Master’s, Graduate Certificate
Graduation Rate: 72.8 percent
Regional Accreditation: Middle States Commission on Higher Education
Temple University has many different data analytics programs to help you learn business statistics. The curriculum covers the fundamentals of data analysis and data description. Some topics included discrete and continuous distributions, random variables, hypothesis testing, and estimation of parameters. Students will also take Excel courses.
Temple University Business Statistics Pros
- High graduation rates
- Excellent student support
- Diverse classrooms
Temple University Business Statistics Cons
- Slightly expensive
University of Denver
Degree Levels: Bachelor’s, Master’s, Graduate Certificate
Graduation Rate: 78.7 percent
Regional Accreditation: Higher Learning Commission
Students in these programs learn to use statistical techniques, data modeling, and business scenarios to make predictions. A minor in business analytics gives students the decision-making skills to thrive in a competitive environment. This school also has a program where students can earn both a bachelor’s and master’s degree in just five years.
University of Denver Business Statistics Pros
- Small class sizes
- Skilled instructors
- Accelerated degrees
University of Denver Business Statistics Cons
- Costly tuition
The University of Tennessee
Degree Levels: Bachelor’s, Master’s
Graduation Rate: 68.3 percent
Regional Accreditation: Southern Association of Colleges and Schools Commission on Colleges
The University of Tennessee has a business analytics program that teaches students to improve business performance. They do so through computer models and data analysis. Students take part in internships to increase their chances of securing higher salaries after graduation. You will learn how to become a business intelligence analyst.
The University of Tennessee Business Statistics Pros
- Internship programs
- Above average graduation rate
- Affordable tuition
The University of Tennessee Business Statistics Cons
- High number of teaching assistants
Webster University
Degree Levels: Undergraduate Certificate, Bachelor’s, Master’s
Graduation Rate: 75.1 percent
Regional Accreditation: The Higher Learning Commission
Students learn principles and concepts in data analytics at this school. They experience different techniques and categories for storing, gathering, and analyzing data. The programs will help students to transform data and identify new opportunities for their respective industries. The training will also position them for professional accomplishment.
Webster University Business Statistics Pros
- Online programs
- Decent graduation rate
- Mid-sized school
Webster University Business Statistics Cons
- Lack of graduate support
Western Illinois University
Degree Levels: Bachelor’s
Graduation Rate: 46.3 percent
Regional Accreditation: Bachelor of Business in Business Analytics
The Bachelor’s Degree in Business Analytics from Western Illinois University also has elements of business statistics. The main topics in this program include applied statistics, supply chain management, and business information systems supply. Graduates can work in different fields including business, science, healthcare, and technology.
Western Illinois University Business Statistics Pros
- Excellent student support
- Financial aid
- Broad curriculum
Western Illinois University Business Statistics Cons
- Low graduation rate
How to Pick the Best Business Statistics School for You
Business statistics can lead you to many career paths. You need to choose a good school to hone your skills and knowledge to reach your full potential. There are a lot of considerations to make before selecting a school for business statistics.
Online vs In-Person Business Statistics Degrees
Online programs are still not as popular as traditional learning methods. However, they are already gaining ground. More students prefer online degrees because of the flexibility they can enjoy. An online business statistics degree allows you to learn at your own pace.
Online programs are also more popular because they save money. You don’t need to pay transportation costs or move to a different state to enroll. However, traditional in-person learning still has a lot of benefits, especially for some programs that require hands-on training.
Location
For those who want to study in person, the geographic location can impact your experience. A school can have the perfect program for you, but you won’t have a good experience if the location doesn’t work for you. Being able to stay in one place is a benefit of programs that are offered online.
Size
Another consideration is school size. Both small and large schools have advantages and disadvantages. Large schools offer more academic options, which can come in handy if you’re still deciding on a major. On the other hand, small colleges offer more one-on-one support. Consider what features you prefer before making the decision.
Accreditation
Colleges are either regionally or nationally accredited. In some cases, school departments within colleges have their own accreditation. This allows students to get a recognized degree that is accepted in other institutions and by employers. It is an important factor to consider before choosing a school.
How Much Can You Earn With a Business Statistics Degree?
According to the Bureau of Labor Statistics, the median annual wage for occupations in business and finance was $72,250 in May 2020. This number is higher than the median annual salary for all professions. With more experience and better education, you can earn a very high salary in business statistics.
The Best Business Statistics Careers
| Profession | Required Education | Average Salary |
|---|---|---|
| Data Scientist | Bachelor’s Degree | $119,413 |
| Statistician | Bachelor’s Degree | $97,643 |
| Operational Researcher | Bachelor’s Degree | $87,744 |
| Economist | Bachelor’s Degree | $86,100 |
| Business Analyst | Bachelor’s Degree | $82,343 |
| Financial Risk Analyst | Bachelor’s Degree | $74,329 |
| Investment Analyst | Bachelor’s Degree | $72,939 |
| Data Analyst | Bachelor’s Degree | $67,294 |
| Market Researcher | Bachelor’s Degree | $63,344 |
| Chartered Accountant | Bachelor’s Degree | $55,045 |
Why You Should Attend a Business Statistics School in 2021
You should attend a business statistics school because it will help you enter the field and become a business intelligence developer. There are many different jobs under the umbrella of business intelligence and business statistics.
The demand for professionals in the field is expected to brown as the economy grows. There will always be a demand for experts that can understand product and customer demands using data. If you want to enter a career path with potential growth, a business statistics degree can help. You should attend a business statistics school in 2021.
