Wharton Statistics Program “Bursting at the Seams”
October 30, 2015
Enrollment in the statistics concentration at the University of Pennsylvania’s Wharton School has grown substantially in recent years, reports Sydney Schaedel of the Daily Pennsylvanian.
Schaedel quotes Wharton statistics professor Jean Lemaire as saying, “Enrollment in statistics classes [at Wharton] has increased tremendously. We are bursting at the seams – we are understaffed.”
According to the American Statistical Association (ASA), the number of students graduating with a bachelor’s degree in statistics has grown by 300 percent since the 1990s. The number of students taking classes in statistics or obtaining concentrations in the field also is on the rise.
The article attributes the growth in Wharton’s statistics concentration to “increased awareness, as well as the fact that statistics concentrators generally do just as well salary-wise as students in other Wharton concentrations.”
Students from the program have gone on to work in health care, insurance, and even at big brand companies like Disney, reports Schaedel.
Like many statistics programs across the country, the number of students in Wharton’s statistics program is small with an enrollment around 50. While growth in the number of statistics majors is strong nationally, it’s still lagging behind overall demand for statisticians, according to the ASA.
Not all students need to get a concentration or degree in statistics to gain benefits of statistics education. According to the article, “taking a few classes and becoming well versed in the subject” might be enough to obtain the analytical skills needed to understand and leverage data for decision making.
It all depends on the job. One thing is clear, however, according to Lemaire’s interview with the Daily Pennsylvanian: “Everyone needs statistics. People who aren’t taking any kind of statistics are hurting themselves.”
Read the full article here.
High School and College Sophomores Provide the Most Accurate Predictions of Presidential Election Results in Nationwide Contest
Winners of Prediction 2016 Contest used sophisticated statistical methods to predict state-by-state and overall percentage outcomes with greater accuracy than more than 450 high school and college students from around the country. Using statistical data and sophisticated analytical methods, two students — one high school sophomore and one college sophomore — provided highly accurate predictions…
More and more public and private sector employers are adding statisticians and data analysts to their ranks but are having a difficult time finding qualified candidates, according to a new national survey released today by the Society for Human Resource Management (SHRM) and sponsored by the American Statistical Association (ASA). The Jobs of the Future:…