Mathematical Statistics and Probability

CIP Code: 27.0502

A mathematical statistics and probability degree prepares graduates for careers in Actuaries, Mathematicians, Data scientists and more. 16 colleges and universities offer this program.

Annual Degrees Awarded
458
Colleges Offering 16
Avg. Career Salary $108,538
Top Career Salary $125,770

Mathematical Statistics and Probability Salary by College

Nationally, bachelor’s graduates in this field earn a median $92,425 four years after graduating (middle half: $64,564–$125,467). Where you study it matters: across 50 colleges with reported results, pay ranges from $51,298 to $230,876.

Sort by:

#College4 yrs afterWage-adjusted1 yr afterMedian debtOutcome Rating
1Harvard University Cambridge, MA$230,876$203,310$141,116—A+
2Carnegie Mellon University Pittsburgh, PA$156,743$159,409$93,111$21,000A+
3Duke University Durham, NC$152,782$163,957$97,197$13,500A+
4University of California-Berkeley Berkeley, CA$133,986$121,918$83,227$15,400A+
5University of Chicago Chicago, IL$130,189$127,910$82,681—A+
6University of Iowa Iowa City, IA$123,676$130,092$75,095$20,411A
7Northwestern University Evanston, IL$122,682$120,534$77,917$14,234A+
8Cornell University Ithaca, NY$111,090$105,735$82,531—A+
9University of Michigan-Ann Arbor Ann Arbor, MI$109,466$115,419$64,371$23,150A+
10University of California-Los Angeles Los Angeles, CA$109,017$99,198$59,718$15,811A+
11University of Virginia-Main Campus Charlottesville, VA$108,532$98,828$73,991$16,295A+
12University of Illinois Urbana-Champaign Champaign, IL$105,978$104,123$68,636$19,000A+
13Purdue University-Main Campus West Lafayette, IN$104,047$111,623$72,579$19,250A+
14California Polytechnic State University-San Luis Obispo San Luis Obispo, CA$101,353$92,225—$17,939A+
15George Washington University Washington, DC$100,578$88,132——A+
16University of Wisconsin-Madison Madison, WI$99,210$103,233$64,684$24,250A+
17University of Florida Gainesville, FL$98,409$104,744$59,619$13,191A+
18University of California-San Diego La Jolla, CA$96,746$88,033$36,676$18,583A+
19Brigham Young University Provo, UT$96,164$91,141$63,671$10,312A
20Virginia Polytechnic Institute and State University Blacksburg, VA$94,300$85,869$62,598$15,500A
21Michigan State University East Lansing, MI$93,930$99,038$63,649$23,625A
22Emory University Atlanta, GA$93,446$96,736$60,714$20,983A+
23University of California-Santa Barbara Santa Barbara, CA$90,778$82,602$55,110$17,167A
24Miami University-Oxford Oxford, OH$90,388$96,458$61,702$23,875B
25University of California-Davis Davis, CA$88,033$80,104$49,264$14,917A
26Pennsylvania State University-Main Campus University Park, PA$86,636$88,110$68,254$21,500A
27Utah State University Logan, UT$86,262$81,756$45,240—C
28North Carolina State University at Raleigh Raleigh, NC$85,090$91,314$54,026$23,430A
29The University of Tennessee-Knoxville Knoxville, TN$83,697$91,430——B+
30University of Georgia Athens, GA$83,092$86,017$53,743$19,677A
31San Diego State University San Diego, CA$83,076$75,594$57,734$13,125B
32Central Michigan University Mount Pleasant, MI$81,853$86,304——C+
33University of Minnesota-Twin Cities Minneapolis, MN$80,993$77,366$66,434$20,500A
34Rutgers University-New Brunswick New Brunswick, NJ$80,721$70,848$63,477$22,903A
35University of California-Riverside Riverside, CA$78,492$71,423$29,138$21,488B+
36Florida State University Tallahassee, FL$77,605$82,601$47,347$22,350A
41University of Connecticut-Hartford Campus Hartford, CT$76,556$68,925$55,279$19,500B+
40University of Connecticut-Stamford Stamford, CT$76,556$68,925$55,279$19,500B+
39University of Connecticut-Avery Point Groton, CT$76,556$68,925$55,279$19,500B+
38University of Connecticut-Waterbury Campus Waterbury, CT$76,556$68,925$55,279$19,500B+
37University of Connecticut Storrs, CT$76,556$68,925$55,279$19,500A
42University of Central Florida Orlando, FL$76,372$81,288$58,920$22,150B+
43University of Missouri-Columbia Columbia, MO$76,037$81,528$52,088$15,189A
44Grand Valley State University Allendale, MI$74,229$78,266$43,668$27,000B
45University of South Florida Tampa, FL$74,071$78,839$41,285$11,792B+
46Iowa State University Ames, IA$72,581$76,346$53,132$22,875B+
47University of Minnesota-Duluth Duluth, MN$71,279$68,087$56,435$21,600B
48University of Illinois Chicago Chicago, IL$68,585$67,384$38,296$21,472B+
49University of South Alabama Mobile, AL$62,719$71,191$32,181$22,532C+
50California State University-Fullerton Fullerton, CA$51,298$46,678——C+

Bachelor’s degrees. Wage-adjusted = pay ÷ √(state wage index). Source: U.S. Department of Education College Scorecard field-of-study data.

What Can You Do With a Mathematical Statistics and Probability Degree?

Graduates with this degree pursue careers in the following fields:

$108,538
Average Salary Across Careers
$125,770
Highest Paying Career
5
Career Paths Available

Best Colleges for Mathematical Statistics and Probability

Ranked by Repit grade, then by degrees awarded. These are the top-rated colleges that produce the most graduates in mathematical statistics and probability.

# College Location Degrees Awarded Repit Grade
1 University of Michigan-Ann Arbor Ann Arbor, MI 40 A+
2 Columbia University in the City of New York New York, NY 103 A
3 Purdue University-Main Campus West Lafayette, IN 221 B+

Largest Mathematical Statistics and Probability Programs

Schools ranked by number of graduates. These institutions produce the most mathematical statistics and probability graduates annually, including online and distance learning programs.

# College Location Degrees Awarded Repit Grade
1 Purdue University-Main Campus West Lafayette, IN 221 B+
2 Columbia University in the City of New York New York, NY 103 A
3 University of Michigan-Ann Arbor Ann Arbor, MI 40 A+
458
Degrees Awarded Annually
16
Colleges Offering Program
5
Related Careers

About Mathematical Statistics and Probability

Mathematical Statistics and Probability is a degree program offered at 16 colleges and universities across the United States. Each year, approximately 458 students graduate with this degree.

Graduates with this degree can pursue careers such as actuaries, mathematicians, data scientists, statisticians, mathematical science teachers, postsecondary.

Program Classification

CIP Code 27.0502
Field (2-digit CIP) 27
Category (4-digit CIP) 27.05

Frequently Asked Questions

What can I do with a Mathematical Statistics and Probability degree?
A Mathematical Statistics and Probability degree can lead to careers as a actuaries, mathematicians, data scientists, statisticians, mathematical science teachers, postsecondary, and more. Top earners in related careers can make up to $125,770 annually.
How many colleges offer Mathematical Statistics and Probability?
16 colleges and universities in the United States offer Mathematical Statistics and Probability as a degree program. Each year, approximately 458 students graduate with this degree.
What are the best colleges for Mathematical Statistics and Probability?
The best colleges for Mathematical Statistics and Probability based on Repit's ratings include University of Michigan-Ann Arbor, Columbia University in the City of New York, Purdue University-Main Campus. Rankings are based on the college's overall Repit grade and the number of degrees awarded in this program.
What is the salary potential with a Mathematical Statistics and Probability degree?
Graduates with a Mathematical Statistics and Probability degree can expect average salaries around $108,538 in related careers, with top earners making up to $125,770. Actual salaries depend on the specific career path, experience level, and location.