Share with:

MBA Programs in Statistics
Tuition, ROI, Graduate Salary, GMAT Requirements

10 Best Ranked | Interactive Table | Salaries | Tuition | ROI | GMAT | Alumni Networking | How We Rank

$52,516

Average Tuition – Statistics MBA Programs

$98,105

Average Starting Salary – Statistics MBA Programs

609

Average GMAT Scores – Statistics MBA Programs

164%

Average ROI – Finance MBA Programs

Executive Summary for MBA Programs in Statistics MBA Programs

The ranking team at MBAGuide.org, evaluated 16 Statistics MBA programs. Here is a summary of our comprehensive findings. Explore the details about the Statistics MBA, compare schools, find states and cities where the degree is offered.

  • Starting salary for new MBA graduates in Statistics is between $53,700 and $175,000 with an average of $98,105.
  • Campus tuition in for Statistics MBAs ranges between $9,068 to $162,030, with an average total tuition cost of $52,516
  • ROI for campus MBA programs in Statistics ranges between 8% to 613%, with an average ROI return of 164%
  • A GMAT score between 450 and 730 with an average of 609 is needed for acceptance into an MBA program in Statistics.
  • There are 16 campus and 12 online MBA Statistics Programs.
  • Average student enrollment varies between 77 and 1,279 with an overall average of 436.
  • Student / Faculty Ratio for MBA programs offering a Statistics concentration varies between 6:1 and 30:1 with an average of 17:1 students.
  • 18 MBA programs in Statistics are ranked by the following institutions MBAGuide: 16, US News: 7, Forbes: 7, BW: 3, FT: 3 and Economist: 5.
  1. Comprehensive comparisons, data and analysis – MBAGuide conducted an in-depth analysis of 16 AACSB-accredited campus MBA programs in Statistics to find the top programs in the country.
  2. Ranking metrics you care about – such as average starting salaries, tuition fees, return on investment (ROI), GMAT scores, alumni networks, student-to-faculty ratios, and more with no paywall.
  3. Detailed school profiles of Statistics MBA programs their strengths, faculty expertise, alumni networks to help align your program choice

Best 10 MBA Programs in Statistics

Harvard University

Harvard Business School

Location:

  • Boston

,

  • MA

Control: Private for-profit

Academic Year: Quarter

Accredited: AACSB

Accreditation: Business

Facebook, Linkedin and Twitter
  • Tuition: $149,820
  • Graduate Salary: $175,000
  • Graduate ROI: 17%
  • GMAT Required: Yes
  • Avg. GMAT: 730
  • Student / Faculty Ratio: 7:1
  • Enrollment: 1945

Degree Level(s):

  • Doctoral
  • ·
  • MBA

Offered As:

  • Campus
  • ·
  • Full-Time
  • Concentrations: 24
  • Consulting
  • Data Analytics
  • E-Commerce
  • Economics
  • Entrepreneurship
  • Ethics
  • Finance
  • General Business
  • Healthcare Administration
  • Human Resources
  • Information Systems
  • Leadership
  • Management
  • Marketing
  • Nonprofit
  • Organizational Behavior
  • Public Administration
  • Real Estate
  • Science and Technology
  • Sports Management
  • Statistics
  • Supply Chain
  • Taxation
  • Best in:
  • Rankings
  • City Rank: 1
  • State Rank: 1
  • National Rank: 3
  • Online Rank: Not Ranked
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

Northwestern University

Kellogg School of Management

Location:

  • Evanston

,

  • IL

Control: Private for-profit

Academic Year: Quarter

Accredited: AACSB

Accreditation: Business

Facebook, Linkedin and Twitter
  • Tuition: $162,030
  • Graduate Salary: $175,000
  • Graduate ROI: 8%
  • GMAT Required: Yes
  • Avg. GMAT: 729
  • Student / Faculty Ratio: 8:1
  • Enrollment: 3074

Degree Level(s):

  • Doctoral
  • ·
  • E-MBA
  • ·
  • MBA

Offered As:

  • Campus
  • ·
  • Full-Time
  • Concentrations: 20
  • Accounting
  • Communications
  • Data Analytics
  • E-Commerce
  • Economics
  • Entrepreneurship
  • Finance
  • Financial Management
  • General Business
  • Healthcare Administration
  • Information Systems
  • Leadership
  • Management
  • Marketing
  • Organizational Behavior
  • Public Administration
  • Real Estate
  • Science and Technology
  • Statistics
  • Sustainability
  • Best in:
  • Rankings
  • City Rank: 1
  • State Rank: 1
  • National Rank: 6
  • Online Rank: Not Ranked
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

University of Illinois at Chicago

College of Business Administration

Location:

  • Chicago

,

  • IL

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business and Accounting

Facebook, Linkedin and Twitter
  • Tuition: $60,264
  • Graduate Salary: $167,977
  • Graduate ROI: 179%
  • GMAT Required: Conditional
  • Avg. GMAT: 630
  • Student / Faculty Ratio: 17:1
  • Enrollment: 4815

Degree Level(s):

  • Doctoral
  • ·
  • Master
  • ·
  • MBA
  • ·
  • Undergraduate

Offered As:

  • Campus
  • ·
  • Evenings
  • ·
  • Full-Time
  • ·
  • Online
  • ·
  • Part-Time
  • ·
  • Weekends
  • Concentrations: 14
  • Accounting
  • Corporate Finance
  • Data Analytics
  • Energy
  • Entrepreneurship
  • Finance
  • General Business
  • Human Resources
  • Information Systems
  • Management
  • Marketing
  • Other
  • Real Estate
  • Statistics
  • Best in:
  • Rankings
  • City Rank: 2
  • State Rank: 3
  • National Rank: 35
  • Online Rank: 17
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

Fordham University

Gabelli School of Business

Location:

  • Bronx

,

  • NY

Control: Private

Academic Year: Semester

Accredited: AACSB

Accreditation: Business

Facebook, Linkedin and Twitter
  • Tuition: $99,497
  • Graduate Salary: $127,511
  • Graduate ROI: 28%
  • GMAT Required: Optional
  • Avg. GMAT: 655
  • Student / Faculty Ratio: 14:1
  • Enrollment: 4274

Degree Level(s):

  • Doctoral
  • ·
  • E-MBA
  • ·
  • Master
  • ·
  • MBA
  • ·
  • Undergraduate

Offered As:

  • 1-Year
  • ·
  • Campus
  • ·
  • Evenings
  • ·
  • Full-Time
  • ·
  • Online
  • ·
  • Part-Time
  • ·
  • Partnership
  • ·
  • Weekends
  • Concentrations: 14
  • Accounting
  • Communications
  • Corporate Finance
  • Data Analytics
  • Finance
  • General Business
  • Global Management
  • Information Systems
  • International Business
  • Law
  • Management
  • Marketing
  • Statistics
  • Taxation
  • Best in:
  • Rankings
  • City Rank: 1
  • State Rank: 3
  • National Rank: 40
  • Online Rank: 20
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

University of California, Davis

Graduate School of Management

Location:

  • Davis

,

  • CA

Control: Public

Academic Year: Quarter

Accredited: AACSB

Accreditation: Business

Facebook, Linkedin and Twitter
  • Tuition: $95,438
  • Graduate Salary: $109,075
  • Graduate ROI: 14%
  • GMAT Required: Optional
  • Avg. GMAT: 657
  • Student / Faculty Ratio: 7:1
  • Enrollment: 863

Degree Level(s):

  • Master
  • ·
  • MBA
  • ·
  • Undergraduate

Offered As:

  • Campus
  • ·
  • Full-Time
  • ·
  • Online
  • Concentrations: 17
  • Accounting
  • Consulting
  • Engineering
  • Entrepreneurship
  • Finance
  • General Business
  • Healthcare Administration
  • Human Resources
  • Information Systems
  • Leadership
  • Manufacturing
  • Marketing
  • Operations Management
  • Organizational Behavior
  • Product Management
  • Project Management
  • Real Estate
  • Statistics
  • Best in:
  • Rankings
  • City Rank: 1
  • State Rank: 5
  • National Rank: 55
  • Online Rank: 30
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

Baruch College-The City University of New York

The Zicklin School of Business

Location:

  • New York

,

  • NY

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business and Accounting

Facebook, Linkedin and Twitter
  • Tuition: $37,338
  • Graduate Salary: $118,633
  • Graduate ROI: 218%
  • GMAT Required: Conditional
  • Avg. GMAT: 626
  • Student / Faculty Ratio: 29:1
  • Enrollment: 14881

Degree Level(s):

  • Doctoral
  • ·
  • E-MBA
  • ·
  • Master
  • ·
  • MBA
  • ·
  • Undergraduate

Offered As:

  • Campus
  • ·
  • Evenings
  • ·
  • Full-Time
  • ·
  • Online
  • ·
  • Part-Time
  • ·
  • Weekends
  • Concentrations: 21
  • Accounting
  • Corporate Finance
  • Data Analytics
  • Economics
  • Entrepreneurship
  • Finance
  • General Business
  • Global Management
  • Healthcare Administration
  • Human Resources
  • Information Systems
  • International Business
  • Management
  • Marketing
  • Operations Management
  • Organizational Behavior
  • Other
  • Quantitative Methods
  • Real Estate
  • Statistics
  • Taxation
  • Best in:
  • Rankings
  • City Rank: 3
  • State Rank: 6
  • National Rank: 60
  • Online Rank: 34
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

Temple University

The Fox School of Business

Location:

  • Philadelphia

,

  • PA

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business and Accounting

Facebook, Linkedin and Twitter
  • Tuition: $60,000
  • Graduate Salary: $95,989
  • Graduate ROI: 60%
  • GMAT Required: Yes
  • Avg. GMAT: 624
  • Student / Faculty Ratio: 18:1
  • Enrollment: 5684

Degree Level(s):

  • Doctoral
  • ·
  • E-MBA
  • ·
  • Master
  • ·
  • MBA
  • ·
  • Undergraduate

Offered As:

  • Campus
  • ·
  • Evenings
  • ·
  • Full-Time
  • ·
  • Off Campus
  • ·
  • Online
  • ·
  • Part-Time
  • ·
  • Partnership
  • ·
  • Weekends
  • Concentrations: 23
  • Accounting
  • Actuarial Science
  • Consulting
  • Corporate Finance
  • Data Analytics
  • Economics
  • Education
  • Entrepreneurship
  • Finance
  • General Business
  • Global Management
  • Healthcare Administration
  • Human Resources
  • Information Systems
  • Insurance
  • International Business
  • Law
  • Management
  • Marketing
  • Organizational Behavior
  • Real Estate
  • Statistics
  • Supply Chain
  • Best in:
  • Rankings
  • City Rank: 2
  • State Rank: 4
  • National Rank: 63
  • Online Rank: 37
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

The University of Alabama

Culverhouse College of Business

Location:

  • Tuscaloosa

,

  • AL

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business and Accounting

Facebook, Linkedin and Twitter
  • Tuition: $28,377
  • Graduate Salary: $74,060
  • Graduate ROI: 161%
  • GMAT Required: Yes
  • Avg. GMAT: 653
  • Student / Faculty Ratio: 27:1
  • Enrollment: 10295

Degree Level(s):

  • Doctoral
  • ·
  • E-MBA
  • ·
  • Master
  • ·
  • MBA
  • ·
  • Undergraduate

Offered As:

  • Campus
  • ·
  • Distance Education
  • ·
  • Evenings
  • ·
  • Full-Time
  • ·
  • Online
  • ·
  • Part-Time
  • ·
  • Weekends
  • Concentrations: 15
  • Accounting
  • Corporate Finance
  • Data Analytics
  • Economics
  • Finance
  • General Business
  • Information Systems
  • Management
  • Marketing
  • Nonprofit
  • Operations Management
  • Other
  • Science and Technology
  • Statistics
  • Taxation
  • Best in:
  • Rankings
  • City Rank: 1
  • State Rank: 2
  • National Rank: 109
  • Online Rank: 75
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

Portland State University

School of Business Administration

Location:

  • Portland

,

  • OR

Control: Public

Academic Year: Quarter

Accredited: AACSB

Accreditation: Business and Accounting

Facebook, Linkedin and Twitter
  • Tuition: $50,984
  • Graduate Salary: $78,264
  • Graduate ROI: 54%
  • GMAT Required: Optional
  • Avg. GMAT: 626
  • Student / Faculty Ratio: 26:1
  • Enrollment: 3537

Degree Level(s):

  • Master
  • ·
  • MBA
  • ·
  • Undergraduate

Offered As:

  • Campus
  • ·
  • Full-Time
  • ·
  • Online
  • Concentrations: 16
  • Corporate Finance
  • Data Analytics
  • Energy
  • Entrepreneurship
  • Finance
  • General Business
  • Healthcare Administration
  • Management
  • Marketing
  • Other
  • Quantitative Methods
  • Real Estate
  • Science and Technology
  • Statistics
  • Supply Chain
  • Taxation
  • Best in:
  • Rankings
  • City Rank: 1
  • State Rank: 2
  • National Rank: 132
  • Online Rank: 91
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

Saint Louis University

Richard A. Chaifetz School of Business

Location:

  • St. Louis

,

  • MO

Control: Private

Academic Year: Semester

Accredited: AACSB

Accreditation: Business and Accounting

Facebook, Linkedin and Twitter
  • Tuition: $37,470
  • Graduate Salary: $76,282
  • Graduate ROI: 104%
  • GMAT Required: Yes
  • Avg. GMAT: 568
  • Student / Faculty Ratio: 14:1
  • Enrollment: 1673

Degree Level(s):

  • Doctoral
  • ·
  • Master
  • ·
  • MBA
  • ·
  • Undergraduate

Offered As:

  • Campus
  • ·
  • Evenings
  • ·
  • Full-Time
  • ·
  • Part-Time
  • ·
  • Weekends
  • Concentrations: 19
  • Accounting
  • Communications
  • Corporate Finance
  • Data Analytics
  • Economics
  • Education
  • Entrepreneurship
  • Finance
  • General Business
  • Global Management
  • Information Systems
  • International Business
  • Management
  • Manufacturing
  • Marketing
  • Other
  • Sports Management
  • Statistics
  • Supply Chain
  • Best in:
  • Rankings
  • City Rank: 2
  • State Rank: 3
  • National Rank: 172
  • Online Rank: 102
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

Interactive Table of the Best Ranked MBA Programs in Statistics

Easily sort the interactive table below to find the best Statistics MBA programs by RankSchool NameROITuitionAverage Starting Salary, and Campus or Online to find and to compare MBA programs in Statistics. Click on any school for a comprehensive school profile.

Rank University ROIIn State TuitionAvg. Starting SalaryStateOnline
1 Harvard University 17.00% $149,820 $175,000MANo
2 Northwestern University 8.00% $162,030 $175,000ILNo
3 University of Illinois at Chicago 179.00% $60,264 $167,977ILYes
4 Fordham University 28.00% $99,497 $127,511NYYes
5 University of California, Davis 14.00% $95,438 $109,075CAYes
6 Baruch College-The City University of New York 218.00% $37,338 $118,633NYYes
7 Temple University 60.00% $60,000 $95,989PAYes
8 The University of Alabama 161.00% $28,377 $74,060ALYes
9 Portland State University 54.00% $50,984 $78,264ORYes
10 University of Central Oklahoma 588.00% $9,068 $62,400OKYes
11 Saint Louis University 104.00% $37,470 $76,282MONo
12 San Francisco State University 174.00% $28,000 $76,600CANo
13 University of Central Arkansas 378.00% $11,239 $53,700ARYes
14 New Mexico State University 613.00% $10,314 $73,500NMYes
15 Jackson State University 286.00% $14,490 $55,900MSYes
16 University of Puerto Rico at Rio Piedras 331.00% $13,926 $60,000PRYes
17 The University of Texas at San Antonio 218.00% $24,512 $78,000TXYes

An MBA program in Statistics will cost you between $9,068.00 to $162,030.00.

  • Number of Programs Offering Statistics MBAs: 16
  • Average GMAT Score for Statistics MBA Programs: 609
  • Average In-State Tuition for Statistics MBA Programs: $52,515.71
  • Average Graduate Salary for Statistics MBA Programs: $98,105
  • Average ROI for Statistics MBA Programs: 164%

Compare Statistics MBA Program Averages vs Campus

 AveragesMBA ProgramsOnline MBA Programs
Number of Programs1612
Average Starting Salary$98,105$90,215
Average MBA Tuition$52,516
$39,650
Average ROI164%197%
Average GMAT Scores609
595
Average Full-Time MBA Faculty115114
Average MBA Student Faculty Ratio17:119:1
Faculty with Doctorate84%84%
Average Full-Time MBA Enrollment436462
Average Part-Time MBA Enrollment322349
Average % of MBA Students from U.S.84%84%

Read about our ranking methodology.

What is the Average MBA Salary for Statistics Graduates?

Though it’s not the only factor, compensation is an important consideration for individuals considering obtaining an MBA degree. Salaries for graduates with master’s degrees in Statistics can be significantly higher than those of graduates with only a bachelor’s degree. In addition, advance salary projections from the US Department of Labor show that average MBA salaries are expected to increase by 13.5% each year through the year 2028 with an annual need of 99,000 new managers needed each year.

MBA salaries differs wildly depending on the program you chose, the industry you enter and the experience you have. After earning an MBA from University of Central Arkansas, the average MBA graduate annual salary is $53,700 . A degree from Northwestern University, will provide an annual salary of $175,000.

Average MBA starting salary for graduates from accredited programs is $98,105 with the lowest of starting of $53,700 and the highest reported starting salary of $175,000.

Average Graduate Salaries for In-Person Statistics MBA Programs

  • Average Statistics: $98,105
  • Lowest Statistics: $53,700
  • Highest Statistics: $175,000

10 Highest Salaries for In-Person MBA Graduates in Statistics

  1. Harvard University - $175,000.00
  2. Northwestern University - $175,000.00
  3. University of Illinois at Chicago - $167,977.00
  4. Fordham University - $127,511.00
  5. Baruch College-The City University of New York - $118,633.00
  6. University of California, Davis - $109,075.00
  7. David B. O'Maley College of Business - $108,000.00
  8. Temple University - $95,989.00
  9. Portland State University - $78,264.00
  10. The University of Texas at San Antonio - $78,000.00

10 Lowest Salaries for In-Person MBA Graduates in Statistics

  1. University of Central Arkansas - $53,700.00
  2. Jackson State University - $55,900.00
  3. University of Puerto Rico at Rio Piedras - $60,000.00
  4. University of Central Oklahoma - $62,400.00
  5. New Mexico State University - $73,500.00
  6. The University of Alabama - $74,060.00
  7. Saint Louis University - $76,282.00
  8. San Francisco State University - $76,600.00
  9. The University of Texas at San Antonio - $78,000.00
  10. Portland State University - $78,264.00

Average Salary for Graduate of MBA Programs in Statistics Programs – Interactive Table

Easily sort the interactive table below to find the best Statistics MBA programs by Starting Salary, and Campus or Online to find and to compare MBA programs in Statistics. Click on any school for a comprehensive school profile.

Rank University Avg. Starting SalaryIn State TuitionROIStateOnline
1 University of Central Arkansas $53,700 $11,239 378.00%ARYes
2 Jackson State University $55,900 $14,490 286.00%MSYes
3 University of Puerto Rico at Rio Piedras $60,000 $13,926 331.00%PRYes
4 University of Central Oklahoma $62,400 $9,068 588.00%OKYes
5 New Mexico State University $73,500 $10,314 613.00%NMYes
6 The University of Alabama $74,060 $28,377 161.00%ALYes
7 Saint Louis University $76,282 $37,470 104.00%MONo
8 San Francisco State University $76,600 $28,000 174.00%CANo
9 The University of Texas at San Antonio $78,000 $24,512 218.00%TXYes
10 Portland State University $78,264 $50,984 54.00%ORYes
11 Temple University $95,989 $60,000 60.00%PAYes
12 University of California, Davis $109,075 $95,438 14.00%CAYes
13 Baruch College-The City University of New York $118,633 $37,338 218.00%NYYes
14 Fordham University $127,511 $99,497 28.00%NYYes
15 University of Illinois at Chicago $167,977 $60,264 179.00%ILYes
16 Harvard University $175,000 $149,820 17.00%MANo
16 Northwestern University $175,000 $162,030 8.00%ILNo

What is the Average In-Person MBA Tuition for Statistics Programs?


If you plan on attending an MBA program, it’s best to start thinking about fiscal responsibility. A prospective B-Student needs to weigh their tuition options. An AACSB-accredited MBA program can pave the way for a great starting salary or career advancement. An MBA program can provide the flexibility of completing a program while being employed in your respective career.

The average in-state tuition for an MBA in Statistics is $52,515.71 compared to an average campus program Statistics is $52,515.71 .

The lowest AACSB tuition rate at $9,068.00 from University of Central Oklahoma.

The highest AACSB tuition rate is $162,030.00 from Northwestern University.

Average Tuition for In-Person MBA Programs in Statistics

10 Most Affordable MBA Programs in Statistics

  1. University of Central Oklahoma - $9,068.00
  2. New Mexico State University - $10,314.00
  3. University of Central Arkansas - $11,239.00
  4. University of Puerto Rico at Rio Piedras - $13,926.00
  5. Jackson State University - $14,490.00
  6. The University of Texas at San Antonio - $24,512.00
  7. San Francisco State University - $28,000.00
  8. The University of Alabama - $28,377.00
  9. Baruch College-The City University of New York - $37,338.00
  10. Saint Louis University - $37,470.00

10 Most Expensive MBA Programs in Statistics

  1. Northwestern University - $162,030.00
  2. Harvard University - $149,820.00
  3. Fordham University - $99,497.00
  4. University of California, Davis - $95,438.00
  5. University of Illinois at Chicago - $60,264.00
  6. Temple University - $60,000.00
  7. Portland State University - $50,984.00
  8. Saint Louis University - $37,470.00
  9. Baruch College-The City University of New York - $37,338.00
  10. The University of Alabama - $28,377.00

Interactive Table – Tuition for MBA Programs in Statistics Programs

Easily sort the interactive table below to find the best Statistics MBA programs by Tuition to find and to compare MBA programs in Statistics. Click on any school for a comprehensive school profile.

Rank University In State TuitionAvg. Starting SalaryROIStateOnline
1 University of Central Oklahoma $9,068 $62,400 588.00%OKYes
2 New Mexico State University $10,314 $73,500 613.00%NMYes
3 University of Central Arkansas $11,239 $53,700 378.00%ARYes
4 University of Puerto Rico at Rio Piedras $13,926 $60,000 331.00%PRYes
5 Jackson State University $14,490 $55,900 286.00%MSYes
6 The University of Texas at San Antonio $24,512 $78,000 218.00%TXYes
7 San Francisco State University $28,000 $76,600 174.00%CANo
8 The University of Alabama $28,377 $74,060 161.00%ALYes
9 Baruch College-The City University of New York $37,338 $118,633 218.00%NYYes
10 Saint Louis University $37,470 $76,282 104.00%MONo
11 Portland State University $50,984 $78,264 54.00%ORYes
12 Temple University $60,000 $95,989 60.00%PAYes
13 University of Illinois at Chicago $60,264 $167,977 179.00%ILYes
14 University of California, Davis $95,438 $109,075 14.00%CAYes
15 Fordham University $99,497 $127,511 28.00%NYYes
16 Harvard University $149,820 $175,000 17.00%MANo
17 Northwestern University $162,030 $175,000 8.00%ILNo

What is the Average ROI for MBA Programs in Statistics?

Choosing an MBA program requires more than a glance at the school’s reputation or curriculum. The return on investment (ROI) should take center stage in your evaluation. This measurement reveals the potential value derived from your tuition investment, putting key factors such as starting salary and career progression under the microscope.

By scrutinizing the ROI, you’re not just making a decision—you’re making an informed one. This approach will ensure the selection of an MBA program that provides the most bang for your buck. Checking the ROI might not be an afterthought; it could be the game-changer in your MBA journey.

For MBA programs in across the U.S., the ROI ranges from 8% to 613%.The lowest MBA ROI of 8% is from the program at Northwestern University.The highest MBA ROI of 613% is offered by New Mexico State University.On average, MBA programs across the U.S. have an ROI of 186%.

Interactive Table – ROI for MBA Programs in Statistics Programs

Easily sort the interactive table below to find the best Statistics MBA programs by ROI to find and to compare MBA programs in Statistics. Click on any school for a comprehensive school profile.

Rank University ROIIn State TuitionAvg. Starting SalaryStateOnline
1 New Mexico State University 613.00% $10,314 $73,500NMYes
2 University of Central Oklahoma 588.00% $9,068 $62,400OKYes
3 University of Central Arkansas 378.00% $11,239 $53,700ARYes
4 University of Puerto Rico at Rio Piedras 331.00% $13,926 $60,000PRYes
5 Jackson State University 286.00% $14,490 $55,900MSYes
6 Baruch College-The City University of New York 218.00% $37,338 $118,633NYYes
6 The University of Texas at San Antonio 218.00% $24,512 $78,000TXYes
8 University of Illinois at Chicago 179.00% $60,264 $167,977ILYes
9 San Francisco State University 174.00% $28,000 $76,600CANo
10 The University of Alabama 161.00% $28,377 $74,060ALYes
11 Saint Louis University 104.00% $37,470 $76,282MONo
12 Temple University 60.00% $60,000 $95,989PAYes
13 Portland State University 54.00% $50,984 $78,264ORYes
14 Fordham University 28.00% $99,497 $127,511NYYes
15 Harvard University 17.00% $149,820 $175,000MANo
16 University of California, Davis 14.00% $95,438 $109,075CAYes
17 Northwestern University 8.00% $162,030 $175,000ILNo

ROI for MBA Programs

  • Average: 186%
  • Lowest: 8%
  • Highest: 613%

10 Highest ROI for MBA Programs in Statistics

  1. New Mexico State University - 613.00%
  2. University of Central Oklahoma - 588.00%
  3. University of Central Arkansas - 378.00%
  4. University of Puerto Rico at Rio Piedras - 331.00%
  5. Jackson State University - 286.00%
  6. Baruch College-The City University of New York - 218.00%
  7. The University of Texas at San Antonio - 218.00%
  8. University of Illinois at Chicago - 179.00%
  9. San Francisco State University - 174.00%
  10. The University of Alabama - 161.00%

10 Lowest ROI for MBA Programs in Statistics

  1. Northwestern University - 8.00%
  2. University of California, Davis - 14.00%
  3. Harvard University - 17.00%
  4. Fordham University - 28.00%
  5. Portland State University - 54.00%
  6. Temple University - 60.00%
  7. Saint Louis University - 104.00%
  8. The University of Alabama - 161.00%
  9. San Francisco State University - 174.00%
  10. University of Illinois at Chicago - 179.00%

What is the Average GMAT Score Needed for an MBA Program in Statistics?

The Graduate Management Admission Test (GMAT) is a standardized examination used by MBA schools to assess their applicant pool. The test is strategically designed to measure an applicant’s analytical, verbal, writing and mathematical skills. The GMAT is used as a predictor of success in MBA programs and tests one’s ability to successfully handle the advanced quantitative and qualitative study of business and management.

Even though some B-Schools may not require a GMAT Scores, there’s a good chance that a highly-competitive MBA program does require the GMAT. With that being said, average GMAT Scores for in-person MBA programs in Statistics is 609 with a highest of 730 and the lowest of 450

The average GMAT score needed for a Statistics MBA program from an institution is between 450 from The University of Texas at San Antonio to 730 from Harvard University. The average GMAT scores for Statistics MBA programs is 609.

It’s important to note that not all MBA programs require a GMAT Score for admissions, but most reputable programs do. With that being said, if you have your eye on a list of competitive programs, it’s best to boost your GMAT Score accordingly. Outside of a solid GMAT Score, B-School admissions departments look at a candidate’s undergraduate GPA, professional experience, letters of recommendation, CV, and personal statement. A strong undergraduate performance may offset a sub-part GMAT Score. The average GMAT Score for on-campus MBA programs in Statistics is a 609.25 compared to an average MBA program score of 609.25. It is recommended that each B-School applicant take a GMAT diagnostic test in order to determine whether or not further study and/or a prep course is needed to boost your score.

Average GMAT Score for MBA Programs in Statistics

  • Average: 609
  • Lowest: 450
  • Highest: 730

10 Lowest GMAT for MBA Programs in Statistics

  1. The University of Texas at San Antonio - 450
  2. New Mexico State University - 517
  3. University of Puerto Rico at Rio Piedras - 520
  4. Jackson State University - 568
  5. Saint Louis University - 568
  6. San Francisco State University - 585
  7. University of Central Arkansas - 591
  8. University of Central Oklahoma - 600
  9. David B. O'Maley College of Business - 610
  10. Temple University - 624

10 Highest GMAT for MBA Programs in Statistics

  1. Harvard University - 730
  2. Northwestern University - 729
  3. University of California, Davis - 657
  4. Fordham University - 655
  5. The University of Alabama - 653
  6. University of Illinois at Chicago - 630
  7. Baruch College-The City University of New York - 626
  8. Portland State University - 626
  9. Temple University - 624
  10. David B. O'Maley College of Business - 610

No GMAT or GRE: Best MBA Programs in Statistics

More than 233 AACSB accredited MBA programs do not require their applicants to take GMAT exam. Many well-known programs such as the University of Michigan and the University of California, Los Angeles no longer require the exam. If you are unsure where you would like to take your program, then you should take the GMAT sooner rather than later so you don’t lose time meeting the score requirement of a program.

Alumni from Schools Offering an MBA in Statistics

There are pros and cons when considering the size of your MBA in Accounting program. Larger, more diverse student populations, may lend itself to greater networking and job placement opportunities; whereas smaller programs may provide for more meaningful interactions with fellow classmates.

The importance of networking, whether it’s by way of campus job fairs, student organization members, or faculty mentorship, should not be understated when considering an MBA program. The average MBA enrollment size has a direct impact on your studies, your job prospects, your ability to define your career goals and after graduation connections.

Every B-School has a strategy behind their enrollment sizes. If a prospective B-Student is looking for networking opportunities, wants to attend job fairs, and plans on joining student organizations, B-School enrollment size plays an important role in the decision making process. For the B-Student interested in the smaller cohort-style classroom experience and thrive with face-to-face collaboration with their professors, a manageable enrollment size is the preferred option.

For Statistics MBA programs, the range for full-time enrollment is between 77 and 1,279. For part-time enrollment, the range is between : 11.00 and : 1,345.00.

Average Enrollment for MBA Programs Offering an MBA in Statistics

10 MBA Programs with the Highest Enrollment (Alumni)

  1. Baruch College-The City University of New York - 1,279
  2. Fordham University - 672
  3. The University of Alabama - 661
  4. The University of Texas at San Antonio - 558
  5. University of Illinois at Chicago - 500
  6. Saint Louis University - 200
  7. Portland State University - 163
  8. University of Central Oklahoma - 149
  9. University of Puerto Rico at Rio Piedras - 141
  10. David B. O'Maley College of Business - 110

10 MBA Programs with the Smallest Enrollment (Alumni)

  1. University of Central Arkansas - 72
  2. New Mexico State University - 77
  3. David B. O'Maley College of Business - 110
  4. University of Puerto Rico at Rio Piedras - 141
  5. University of Central Oklahoma - 149
  6. Portland State University - 163
  7. Saint Louis University - 200
  8. University of Illinois at Chicago - 500
  9. The University of Texas at San Antonio - 558
  10. The University of Alabama - 661

Student / Faculty Ratio for MBA Programs in Statistics

For most students, their professors are the first exposure to the business world. They are normally practitioners in the field and have successful risen to the top of their respective careers. B-School Statistics Professors can guide you toward a specific concentration, provide the latest industry trends, and put you on the right track, career-wise. The Student/Faculty ratio is important to those interested in building a lasting relationship with their professor. To use them as a networking opportunity and an advisor.

Top 10 Concentrations Available from Schools Also Offering an Degree in Statistics?

Highly competitive B-Schools recruit part-time and full-time professors that are both academic and industry influencers. They are the subject matter experts in their respective concentrations. To meet the diverse needs of Statistics businesses, MBA programs here have risen to the challenge by offering you an array of more than 47 MBA concentrations including:

  • Marketing: 18
  • Statistics: 18
  • Finance: 18
  • General Business: 17
  • Accounting: 16
  • Information Systems: 16
  • Management: 15
  • Economics: 14
  • Data Analytics: 12
  • Corporate Finance: 12

Here are the top schools offering the widest variety of concentrations to choose from:

The Importance of MBA Accreditation for MBA Programs

The importance of accreditation can’t be underestimated. For many, knowing your school is accredited by the AACSB and regionally accredited by the US Department of Education is enough assurance that you will receive a quality education, where credits are more likely to transfer, and you will be qualified for loans, grants, and scholarships.

AACSB accreditation is considered to be the gold standard in business school credentialing. Established to promote high-quality business education in the U.S., AACSB members developed a stringent accreditation process. Members are held accountable for following an established business education framework set forth by the AACSB. With that comes MBA degrees conferrals that are widely recognized by Fortune 500 companies. This results in lucrative job opportunities.

MBA Program Options Available for Statistics MBA Programs

Options for earning your Statistics MBA have never been more flexible. Statistics MBA programs have become adept at offering effective alternatives for you to earn your MBA, no matter your life situation or schedule.

There are 16 Statistics accredited MBA programs. 2 private and 13 public schools offering Statistics MBA programs.

Number of Award Earned for MBA Programs Offering an Statistics Degree

The ranking of MBA programs is certainly not an exact science and plenty of subjective reasoning and biases come into play. We offer insights into ranking as another way to evaluate a potential MBA program.

Of the 16 accredited MBA programs offered in Statistics, 16 of them have been recognized by at least one distinguished publication MBAGuide, PQ, US News, Forbes, BW, FT and Economist garnering an award as one of the best MBA programs in the country.

Publications and the number of awards granted for an MBA degree in Statistics :

  • MBAGuide: 16
  • US News: 7
  • Forbes: 7
  • BW: 3
  • FT: 3
  • Economist: 5

How We Rank the Best MBA Programs in Statistics

MBAGuide.org employs a comprehensive ranking methodology that combines quantitative data (80% of the score) with qualitative assessments (20%) to evaluate MBA programs. The quantitative component considers factors such as student-faculty ratio, tuition, enrollment, and post-graduation salaries, while the qualitative aspect incorporates editorial ratings and school reputation, providing a well-rounded view of each program’s quality and value.

Best MBA Programs by Concentration: Online and In-Person

What’s the Career Outlook for Mathematicians and Statisticians with an MBA?

Overall employment of mathematicians and statisticians is projected to grow 33% through 2026, much faster than the average for all occupations. Employment growth will vary by occupation. Growth is expected to result from the more widespread use of statistical analysis to make informed business, healthcare, and policy decisions. In addition, the large increase in available data from the Internet will open up new areas for analysis. For example, supplier operations analyst for e-commerce startups must evaluate real-time inventory data to determine fulfillment rates. e-Commerce marketing managers must analyze quarterly sales numbers to pinpoint the next advertising campaign. Finally, customer service managers must evaluate Net Promoter Score (NPS) metrics for the sake of developing their next quality assurance training program for new reps.

The median annual wages for statisticians in the top industries in which they worked were as follows:

SectorAvg. Salary
Federal government$100,750
Research and development in the physical, engineering, and life sciences$87,160
Insurance carriers and related activities$77,420
Healthcare and social assistance$76,190
Colleges, universities, and professional schools; state, local, and private$71,070

Where Are Statisticians with an MBA Employed?

Statisticians held about 39,000 jobs. The largest employers of statisticians are as follows:

SectorAvg. Salary
Federal government13%
Research and development in the physical, engineering, and life sciences11%
Insurance carriers and related activities9%
Healthcare and social assistance8%
Colleges, universities, and professional schools; state, local, and private8%

Mathematicians and statisticians typically work in corporate settings. They also may work in teams with scientists and other professionals. Mathematicians and statisticians work in many fields, such as banking, real estate, education, marketing, psychology, sports, or any other field that requires the collection and analysis of data. The following are other careers Statisticians can excel:

  • Compensation and Benefits Managers plan, develop, and oversee programs to compensate employees.
  • Computer programmers write and test code that allows computer applications and software programs to function properly. They turn the program designs created by software developers and engineers into instructions that a computer can follow.
  • Economists study the production and distribution of resources, goods, and services by collecting and analyzing data, researching trends, and evaluating economic issues.
  • Market research analysts study market conditions to examine potential sales of a product or service. They help companies understand what products people want, who will buy them, and at what price.
  • Operations research analysts use advanced mathematical and analytical methods to help organizations investigate complex issues, identify and solve problems, and make better decisions.
  • Survey researchers design and conduct surveys and analyze data. Surveys are used to collect factual data, such as employment and salary information, or to ask questions in order to understand people’s opinions, preferences, beliefs, or desires.

Find Online MBA Programs Now Accepting Applicants

What Skills Do I Need to be Successful as a Statistician?

SectorDescription
Analytical skillsStatisticians use mathematical techniques and models to analyze large amounts of data. They must determine the appropriate software packages and understand computer programming languages to design and develop new techniques and models. They must also be precise and accurate in their analysis.
Communication skillsMathematicians and statisticians must interact with, and propose solutions to, people who may not have extensive knowledge of mathematics.
Math skillsMathematicians and statisticians use statistics, calculus, and linear algebra to develop their models and analyses.
Problem-solving skillsMathematicians and statisticians must devise new solutions to problems encountered by scientists or engineers.

What Typical Classes Will I Take in My Statistics MBA Program?

  • Regression Analysis for Business. The course will begin with a focus on the basic elements of exploratory data analysis, probability theory and statistical inference. With this as a foundation, it will proceed to explore the use of the key statistical methodology known as regression analysis for solving business problems, such as the prediction of future sales and the response of the market to price changes. The use of regression diagnostics and various graphical displays supplement the basic numerical summaries and provides insight into the validity of the models. Specific important topics covered include least squares estimation, residuals and outliers, tests and confidence intervals, correlation and autocorrelation, collinearity, and randomization. The presentation relies upon computer software for most of the needed calculations, and the resulting style focuses on the construction of models, interpretation of results, and critical evaluation of assumptions.
  • Modern Data Mining. Statistics or Data Science has been evolving rapidly to keep up with the modern world. While classical multiple regression and logistic regression technique continue to be the major tools we go beyond to include methods built on top of linear models such as LASSO and Ridge regression. Contemporary methods such as KNN (K nearest neighbor), Random Forest, Support Vector Machines, Principal Component Analyses (PCA), the bootstrap and others are also covered. Text mining, especially through PCA, is another topic of the course. While learning all the techniques, we keep in mind that our goal is to tackle real problems. Not only do we go through a large collection of interesting, challenging real-life data sets but we also learn how to use the free, powerful software “R” in connection with each of the methods exposed in the class.
  • Forecasting Management Methods. This course provides an introduction to the wide range of techniques available for statistical forecasting. Qualitative techniques, smoothing and decomposition of time series, regression, adaptive methods, autoregressive-moving average modeling, and ARCH and GARCH formulations will be surveyed. The emphasis will be on applications, rather than technical foundations and derivations. The techniques will be studied critically, with the examination of their usefulness and limitations.
  • Actuarial Statistics. This course covers models for insurer’s losses and applications of Markov chains. Poisson processes, including extensions such as non-homogeneous, compound, and mixed Poisson processes are studied in detail. The compound model is then used to establish the distribution of losses. An extensive section on Markov chains provides the theory to forecast future states of the process, as well as numerous applications of Markov chains to insurance, finance, and genetics. The course is abundantly illustrated by examples from the insurance and finance literature. While most of the students taking the course are future actuaries, other students interested in applications of statistics may discover in class many fascinating applications of stochastic processes and Markov chains.

Campus vs. Online MBA Programs in Statistics

Whether it’s a part-time Executive MBA, full-time online, or a traditional MBA program, B-Schools offer a variety of scheduling options for the working professional and the recent graduate. The online option is ideal for students that want a reputable program without geographic limitations. An MBA in Statistics allows students to enjoy program flexibility and thanks to the advances in technology, have enabled greater access to coursework all over the globe.

With improvements made to eLearning and Blackboard educational technology platforms, the collaboration between professors and students has drastically improved the delivery of MBA content. There are nearly 3 million students currently enrolled in full-time online degree programs compared to 6 million students taking at least one online course as part of their degree program. B-Schools that fall into the category of “traditional” usually provide students with the option of taking a few online courses during their MBA in General Business program.

  • The pros of online learning include lower overhead cost which includes online textbooks, dormitory expenses, and commuting cost. The convenience and flexibility of choosing your own times for learning, and the comfort of learning in your own home.
  • The cons of online learning include limited social interaction, computer and software issues as well as cost of high-speed Internet, often requires the student be self-motivated and disciplined progress through the program.
  • The pros of campus-based learning include face-to-face and in-person interaction with instructors and fellow students, regularly scheduled class hours, use of the school’s library, athletic facilities, and laboratories.
  • The cons of campus-based learning include the requirement to travel to classes, lack of time flexibility, and housing costs.
  • One of the benefits of online learning as it relates to tuition cost is that a number of schools offer free textbooks online and include these texts in the price of tuition.

It is important to evaluate your schedule if you are still working during school. For example, it could be wise to complete a flexible part-time online MBA if your work is demanding. Lastly, bear in mind the impact of geographic location on long-term job opportunities in particular industries when you are deciding between an on-campus and online program. There may be high demand for statisticians in your area and top firms may be aggressively recruiting at your business school.

Business School Data Sources from

See all data sources including 756 College and University Programs

Similar Posts