Statistics Department
MS in Statistics - Entrepreneurial Track
The Master of Science in Statistics-Entrepreneurial Track (MSS-ET) is a professional degree designed to provide training in statistics focused on developing data analysis and decision making skills in industrial/government/consulting environments where uncertainties and related risks are present. The goal is to expand the appeal of our existing Master of Statistics program by creating a professional-type track which will provide some business training. The new track will provide instruction and real business-world experience to students who have a background in statistics and a vision for new and growing ventures.
General Shape of the Curriculum
The minimum number of hours required for the MSS-ET program is 27 with 36 recommended. A typical curriculum to be followed is listed below but variance could be granted at departmental discretion
Fall Semester Spring Semester
Year 1:
1) STAT 425 Data Analysis 1) STAT 426 Multivariate Analysis
and Linear Models and Data Mining
2) STAT 445 Theory of Statistics I 2) STAT 446 Theory of Statistics II
3) ENTP 429 New Venture Creation 3) ENTP 441 Technology Entrepreneurship
Total: 9 hours Total: 9 hours
Year 2:
1) STAT 427 Statistical Computing 1) Elective
(or) (or)
STAT 417 Actuarial Science I STAT 418 Actuarial Science II
2) STAT 455 Linear Models 2) STAT 621 MS Project
(or)
STAT 466 Experimental Design
3) STAT 495A Consulting Forum/Intership 3) STAT 495B Consulting Forum with
Practicum/Intership
Total: 9 hours Total: 9 hours
The New Venture Creation and Technology Entrepreneurship courses will be offered by the Weatherhead School of Management.
Students on internships will sign up for the Consulting Forum sequence.
In addition, an intensive 1 week annual workshop on the industrial use of statistics from the management perspective will be organized for the benefit of MSS-ET students each year.
Two graduate level courses (6 credit hours) in Actuarial Science
that will permit statistics MS students access to careers in the insurance
and financial services industry have just been created.
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