However, it would help to take classes specific to the field you want to enter and it can be a challenging degree. The foundation in mathematical statistics, probability theory and research design will give you the skill set to branch off into different directions, such as survey research, finance, biostats and epidemiology, etc. It’s worth it. Students will take courses in applied statistics, theoretical statistics, and probability. There’s simply zero evidence that getting a college degree is anything but “worth it.” Nonetheless, the questions persist as to whether colleges help people get good jobs. 4. "It's more expensive to get a degree than to get work experience." The average tuition for higher education is not affordable for many people. There are many interesting jobs that a statistics degree will qualify you for. Most statistics master's degree programs require 1-2 years of full-time study. More of these students should certainly give statistics (or one of the newer data science degrees) a hard look, given that a bachelor’s degree is borderline compulsory these days. Everyone's situation is unique. The BLS shows that demand for statisticians will rise by 33% by 2026. We know that a good college degree is a solid path to avoiding unemployment, but attending college is in no way an easy undertaking. So, is a statistics degree worth it? Because complex statistical data is a centerpiece of modern life, there are innumerable ways to use a master's in statistics in both the public and private sector. Just be sure to include computer science electives, even if you have to take courses beyond the degree requirements. If everyone else going for that bar job has a degree, you’d better have one too. "For young people who are not sure it may be worth doing something else before they start the degree. It’s becoming more common to have a degree in jobs for which you wouldn’t have needed one 30 years ago. Almost half of all college students drop out before completing their degrees. Is College Worth the Debt? We all have our own unique circumstances, financial and otherwise. It's hard to say whether college is "right for you" because not everyone is the same.