Business and Economics
2-3 Years
(2-3 years)
Application fee: $150
About this course

Statistics has seen a dramatic increase in its application in sciences. Part of the dynamic has been the technological revolution in computing providing new opportunities for statistical research and, even more significantly, new opportunities for applying statistical concepts to the problems of business, industry and government. New career opportunities in areas of applicable statistics have emerged – without diminishing in any way the traditional needs of academe. Indeed, career opportunities in higher education promise to become very attractive in this new era of big data.

The probability and statistics program started at East China Normal University as a laboratory in 1960 at the time when Prof. Zongshu Wei, a PhD from Iowa state University, was the leading applied mathematical statistician in Shanghai. Established in 1984, ECNU's mathematical statistics department is was one of three oldest key statistical programs in China. In 1985, the official journal of Chinese Probability and Statistical Society started and established its editorial office at ECNU. Over the years, mathematical statistics department has expanded into the School of Statistics, comprising of Department of Statistics and Actuarial Science (1984), Department of Risk Management and Insurance (1994), Department of Financial Engineering (2010), Statistics and Actuarial Science Consultancy Center (2006), Biostatistics Center (2008), Academy of Applied Statistical Science (2010) and Key Laboratory of Advanced Theory and Application in Statistics and Data Science (2018). In 2017, the statistics program of ECNU is ranked among the first class disciplines of the “Double-First Class” initiative plan of the Minister of Education. In 2017, the statistics program was ranked No.3 (out of 120 statistics programs) national wide by the Minister of Education.

The statistics program currently has 39 full-time faculty members consisting of 19 full professors, 17 associate professors, 3 assistant professors, among whom four are ‘state professors’. More than half of the faculty members have either earned their degrees from prestigious universities in the west or have had tremendous exposure to western curriculum via post-docs research or visiting positions. In addition, the program has two distinguished part-time faculty affiliates from Hong Kong University and Oxford University. Most faculty members are engaged in cutting-edge research in the areas of industry, finance, medical science funded by competitive nationwide as well as provincial grant programs.

The placement record of our graduates has been excellent. Our recent master's graduates have pursued careers split between industry, finance and government. PhD graduates have mostly sought positions at universities and research institutes and some took jobs in the finance industry and pharmaceutical companies commensurate with their training and PhD dissertations.

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