Learn about the Statistics Concentration

Statistics is the fundamental tool for business organizations (marketing, corporate finance, investment finance), government agencies, and scientific research laboratories. You will use data and knowledge about randomness to condense and contextualize information and provide insight into the process of generating the data. Subtopics include descriptive statistics (summary measures, organization, and presentation of the data), data analysis (small and large data sets, social networks, and artificial intelligence), and statistical inference (decision making and producing accurate forecasts). Students with backgrounds in these areas can explore growing job opportunities across industries, including the in-demand roles of statisticians, data scientists, and actuaries.

Statistics Concentration Requirements

To declare a concentration in Statistics, you must fill out the concentration declaration form on Stern Life.


Required Functional Business Core Course

  • Statistics for Business Control & Regression/Forecasting Models (STAT-UB 103) or the combination of STAT-UB 1 and STAT-UB 3
     

You are required to complete 12 credits of upper-level statistics courses that consist of:

  • Choose one (1) of the following courses:
    • Statistical Inference and Regression Analysis (STAT-UB 15)
    • Regression and Multivariate Data Analysis (STAT-UB 17)
  • Three (3) approved statistics electives 


Approved Statistics Elective Options (Choose a minimum of 2)

  • Any “STAT-UB” elective
    • Data Mining for Business Intelligence (TECH-UB 57)
    • Decision Models & Analytics (MULT-UB 7)
    • Decision Making Under Uncertainty (MULT-UB 16)
    • Decision Analytics for Sports (OPMG-UB 54)

Additional Notes and Resources

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  • A Stern elective course may satisfy only one concentration requirement. For example, Decision Models & Analytics can count as an advanced statistics elective or as a Computing & Data Science elective, but it cannot satisfy both requirements.
  • We recommend choosing a secondary area of study if you select statistics as a concentration. If you're interested in marketing research, consider supplementing your statistics studies with a concentration in marketing. Other complementary concentrations include finance and economics.
  • Explore the Business Analytics track to help you supplement your concentration with coursework in specific areas of statistics.
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