This compensation does not influence our school rankings, resource guides, or other editorially-independent information published on this site. What are the Fastest Schools for a Master’s Degree in Environmental Engineering? Having this strong math background will allow students in a graduate statistics program to grasp the statistical theory work as well as provide a solid foundation for students who choose a master’s or Ph.D. degree in applied or theoretical mathematics. In either major, students complete their education by choosing math electives or electives in fields such as computer science that match their career and personal interests. you could give 2 credits of Calc II to the Stat Major and 2 credits to the Math Major) What is a Bachelor’s Degree in Public Health? Which Degree Do You Need To Become A Doctor? Over a decade, mathematicians will likely see a much faster than average 30 percent rate of job growth that adds 900 new jobs, but the 34 percent job growth rate predicted for statisticians will translate to 12,600 new career opportunities. Both careers are growing rapidly, but the BLS predicts a higher rate of growth and a much larger increase in overall career opportunities for statisticians than for mathematicians. Math majors can often pursue specializations such as business mathematics, operations research, applied mathematics and mathematics education. One difference between Statistics vs. Statisticians earn a median salary of $84,060 per year, more than twice the $37,690 median wage for all occupations, the United States Bureau of Labor Statistics (BLS) reported. What is a Bachelor’s Degree in Biostatistics? Both mathematics and statistics are appealing majors for students who enjoy working with numbers. What is a Master’s Degree in Bioinformatics? How much Science is in an Environmental Engineering Degree? Special Report: The Credibility of Online Degrees, Free International Universities for U.S. Students. Why? Undergraduate degree programs in statistics are not as common as those in mathematics, so some statisticians start out with math degrees, economics degrees or computer science degrees. However, mathematicians enjoy a median wage almost $20,000 higher than statisticians, at $103,010. When it comes to choosing between a math major and a statistics major, it is important to include your intentions for graduate school into the decision. I was speaking to some class mates and most have said that if I plan on doing a Masters in Statistics, that doing a bachelors in Stats would be better than doing a bachelors in Math. However, there are also significant differences, particularly in earning potential, a greater percentage of employment with the federal government and more versatility in the field of mathematics careers. In the highest paying industries for these respective careers, mathematicians earn a median wage of $120,840 annually, compared to $103,630 for statisticians. Though the federal government is the best paying industry for statisticians, only 13 percent of the occupation works for government entities. Most mathematician and statistician roles require a master’s degree or Ph.D., according to the BLS, so many students who choose either of these majors will eventually go to graduate school. Choosing a math degree over a statistics degree doesn’t mean that you can’t gain specialized knowledge. A greater proportion of mathematicians are employed by the federal government than statisticians are. Where else do mathematicians and statisticians work? What Degree Should I Get To Join The FBI? What degree should I get for medical school? What is a Degree in Environmental Nutrition? 25 Best Online Bachelor’s Degrees for 2021, 100 Most Affordable Online Colleges & Degrees 2021, 100 Most Affordable Online Graduate Schools of 2021, Top 25 Cheapest Online RN to BSN Degree Programs, 25 Cheapest Online Associate’s Degree Programs, 25 Cheapest Online Bachelor’s Degree Programs, 25 Cheapest Online Master’s Degree Programs, Top 50 Affordable Online MBA Degree Programs for 2021, 50 Most Affordable Online Degree Certificates in Cyber Security. What Is the Benefit of an Actuarial Science Degree Vs a Mathematics Degree? Some colleges offer double major options in mathematics and statistics, which can prepare students for a master’s degree program in either field of study.