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Salary and Career Info

Applied Statistics and Actuarial Science BS

Using calculus, statistics, algebra, and computer science, statisticians apply their knowledge of statistical methods—the collection, processing, and analysis of data and its interpretation—to a variety of areas, including biology, economics, engineering, medicine, public health, psychology, marketing, and sports.

Program skills

Students gain skills and capabilities in data analysis, simple and multiple regression analysis, interpretation and presentation of data, problem solving, experimental design, survey sampling, quality control methodologies, statistical inference and statistical modeling.

 

Software:

SAS, R, SPSS, Minitab, LaTeX

Programming Languages:

 

Python, Java, C

Program facilities equipment

Students have access to programming, statistical and simulation languages, graphics software and design tools on a variety of platforms. Symbolic computation and statistical laboratories are also available.

Program job titles reported

Actuary; Operations Research Analyst; Financial Analyst; Teacher (secondary or post-secondary); Market Research Specialist; Data Analyst (e.g. biological, clinical trial); Quality Assurance Engineer/Analyst; Biostatistician; Underwriter; Statistician

Program significant points

  • Application areas are very diverse and include product design, biostatistics, actuarial science, quality control, and statistical forecasting.
  • As an accelerated dual-degree program that allows students to earn a BS and an MS with one additional year of graduate study, the applied statistics and actuarial science degree will provide you with a strong foundation in mathematical and statistical methodology, experience in its applications, a solid background in the use of statistical computing packages, and the skills to communicate the results of statistical analysis.

Select program hiring partners

Blue Cross & Blue Shield of Rhode Island, Bryant & Stratton College, D50 Media, Excellus Blue Cross/Blue Shield, Liberty Mutual Insurance, M&T Bank, Regeneron Pharmaceuticals, Rochester Regional Health, The Hershey Company

Industries


  • Biotech and Life Sciences

  • Defense

  • Government (Local, State, Federal)

  • Health Care

  • Insurance

  • Investment Banking

  • Telecommunications

100%

Outcome Rates*

Total percentage of graduates who have entered the workforce, enrolled in full-time graduate study, or are pursuing alternative plans (military service, volunteering, etc.).

100%

Knowledge Rate

*Total percentage of graduates for whom RIT has verifiable data, compared to national average knowledge rate of 41% per NACE.
Outcome % of Students
Employed 75.00%
Full-time Graduate Study 25.00%
Alternative Plans 0%
Outcome % of Students
Employed 75.00%
Full-time Graduate Study 25.00%
Alternative Plans 0%