In the longer run, those who know some statistics often find themselves in a position to access and to understand data that is crucial to running a business. This can create powerful scenarios for job advancement. Admission to Graduate Study. Among the criteria considered by many graduate school admissions committees is the preparation that candidates have in the area of statistics. A second major in Statistics is bound to be an impressive credential.
Some graduate schools allow statistics as a substitute for a required foreign language.
Students planning to do graduate work in any of the mathematical sciences will find that the double major provides a much stronger background than either major separately. In many fields, graduate students are involved in taking surveys, doing observational studies, and designing experiments. The proper planning, analysis, and reporting of such work involves statistical ideas and techniques. Graduate students familiar with statistics are prepared to begin their research work sooner, because they already have valuable knowledge about the tools and methodology of research. Statistical ideas are being taught more and more frequently in elementary schools.