The Department of Statistics, Actuarial and Data Sciences (STAD) is committed to providing students the knowledge and experience they need to excel in the highly demanded fields of statistics, actuarial, and data sciences. Pairing dedicated faculty and state-of-the-art modern technology, the Department exposes students to an immersive environment integrating course work in three highly demanding areas of studies in STEM aimed at cultivating their creativity and passions; while providing the technical skills necessary to succeed. Our programs provide students with wide range of choices to take courses from the areas of Statistics, Actuarial and Data Sciences. This integrated curriculum approach has made graduates of CMU’s undergraduate and graduate programs sought after by industry corporations, consulting firms, and universities.
The Department actively recruits quality students for its graduate and undergraduate programs and offers programs tailored to the student, employer, and societal interest.
Statistics is the discipline that deals with the collection, organization, analysis, interpretation and presentation of data. The goal of statistics is to make informed and sound decisions. Therefore, statistics play a role in nearly every field that has data. Examples of these fields include public health, market analysis, manufacturing industry, environmental study, social science, but the list goes on and on.
To become a statistician, it requires an individual with a background in mathematics. Our program supplies students training in the theory and application of statistical methods with the implementation in statistical software. CMU’s STAD is one of the few programs nationwide to offer a curriculum that includes training to become certified for SAS language proficiency in both basic and advanced levels.
Through their knowledge of statistics, finance, and business, actuaries assess the risk of events occurring and help develop policies that minimize the cost of that risk. Consequently, actuaries are essential to the insurance industry.
To become an actuary, one needs a strong background in mathematics, statistics and general business. Actuaries generally have a bachelor's degree, but they are required to pass a series of exams to become certified professionals. The Department of Statistics, Actuarial and Data Sciences offers a complete list of courses to prepare students for actuarial career including: the VEE requirements, up to four professional actuarial exam of P, FM, IFM and STAM exams. CMU’s Actuarial Science program offered the course work meeting the UCAP-AC curriculum standard (Universities and Colleges with Actuarial Programs at Advanced Curriculum) recognized by the Society of Actuaries.
Deriving and effectively communicating actionable insights from vast amounts data is the goal of data science. Given the amount of data available today is at an unprecedented level, demand for individuals who understand and can make data-driven decisions is at an all-time high.
To become a data scientist, an individual must have a foundation in mathematics, a strong grasp of statistics, and a functional comprehension of programming in various languages. CMU’s Data Science program covers a broad spectrum of activities, including data management and quality, mathematical and statistical methods for data modeling, and techniques for visualizing data in support of enterprise-wide decision making. The curriculum is developed and continually updated to ensure that graduates of the program are competitive and prepared for the professional world.