Statistics is the study of the collection, organization, analysis, interpretation and presentation of data. The discipline is research-intensive and includes many interesting aspects such as probability and game theory, statistical modeling and analysis. All of these are applicable to virtually every field.
The Statistics Major or Minor is a great discipline to combine with other programs, such as Health Studies, Environmental Science, Public Policy, International Development Studies, Economics or Psychology, just to name a few.
Students pursuing a Statistics Specialist program can focus their studies with one of the following streams:
- The Machine Learning and Data Mining Stream provides a specialist program in a dynamic, high-demand, and fast-growing field that lies at the intersection of statistics and computational sciences. It is driven by applied problems in science and technology, where data streams are increasingly large-scale, high-dimensional and heterogeneous. This specialist stream is quite unique; we are not aware of a similar program currently offered elsewhere.
- The Quantitative Finance Stream will give students an in-depth theoretical understanding of the core concepts of quantitative finance. This program differs from similar programs offered at U of T and other institutions as it provides more of the mathematical, statistical, and computer science background that underlies the concepts of quantitative finance.
- The Statistical Science Stream is concerned with giving students a sound grounding in statistical methodology and theory. Students acquire expertise in the proper collection of data, the methods used to analyze data to answer scientific questions of interest, and the theory that underlies these activities. The program provides preparation for employment as a statistician or for further graduate studies in statistics.
Employment prospects for graduates in these fields are excellent, and students interested in co-op are encouraged to consider these streams. Studying Statistics is an excellent choice for students with strong quantitative skills and an interest in applying these skills to solve practical problems.
Please note: Statistics is a first-year entry program; if you have completed any postsecondary studies, you are not eligible for admission.