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The Department of Statistics at the University of Michigan offers graduate programs leading to either a Master’s degree in Applied Statistics or a Master’s degree in Data Science.
The Master’s program in Applied Statistics is focused on statistical modeling and data analysis in order to prepare graduates for careers as applied statisticians in industry, government or business. This degree can also be accomplished through the Bridge program, intended for students who plan to pursue a PhD after completion (and is our only master’s program that is fully funded); or through the Accelerated Master’s Degree Program, for our currently enrolled undergraduates to complete both their undergraduate and master’s degrees in five years. Our dual degree program is an embedded degree for Ph.D. students leading to an MA in Statistics, both in our own department and other programs, which further opens doors to the possibility of an academic career.
The Master’s program in Data Science is focused on statistical and computational skills. This degree will help students to attain the necessary skills and knowledge to: identify relevant datasets, apply the appropriate statistical and computational tools to the data set to answer questions posed by individuals, organizations or governmental agencies, design and evaluate analytical procedures appropriate to the data, and implement these efficiently over large heterogeneous data sets in a multi-computer environment.
The department of Mathematics and the Department of Statistics jointly oversee and interdisciplinary Master of Science degree program in Quantitative Finance and Risk Management.