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whats the difference between business administration and statistics?
difference between stats and business administration since they both have similar prerequisites?
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Andrew’s Answer
Business administration is a discipline pertaining the running of a business, in which a wide range of courses from accounting, marketing, economics, and so on are included. Furthermore, in most of the bachelor’s degree program in business administration, a course in introductory statistics is required.
Statistics is an entirely different discipline on it own. A course in introductory statistics, typically a major requirement in a degree in business administration, is only the beginning of a long academic journey in a degree program in statistics.
Statistics is an entirely different discipline on it own. A course in introductory statistics, typically a major requirement in a degree in business administration, is only the beginning of a long academic journey in a degree program in statistics.
I very much agree with these descriptions. I would also note that both majors should require the same time to graduate. Business administration I have seen is not teaching you how to be a CEO for example, it teaches more how to support a business. Similar to how public administration is not drafting laws, it is how to help support the government.
Statistics is widely applicable in many fields including business and technical sciences like biology and medicine. You could use your expertise in many areas majoring in statistics as a consultant.
Jaclyn Jones
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Judy’s Answer
Business Administration roles tend to be more generalist and work on managing general company operations and some business strategy. You might support different functions to establish or grow a company. In a startup company for example, you may tackle a number of different administrative tasks, and implement procedures or technology to help the company grow and scale. This may include things like managing company insurance, setting up or working with others to set up financial, hr and sales information systems. You might work on special projects.
I think manager positions in statistics tends to focus more on analyzing past performance metrics of the company, predicting future business or sales trends, and helping steer the company to success based on analysis of statistics and the marketplace.
It would be helpful to have a general business education for both roles.
I think manager positions in statistics tends to focus more on analyzing past performance metrics of the company, predicting future business or sales trends, and helping steer the company to success based on analysis of statistics and the marketplace.
It would be helpful to have a general business education for both roles.
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Jaimie’s Answer
You've already received a few great answers. I'll build on them to say that Statistics is a broad STEAM career while Business Administration is very broad but not STEAM. STEAM careers are in-demand careers for which there are countless support programs, for women, especially. For example, GOTARA is a platform dedicated to closing the gender gap in STEAM fields through upskilling and presenting opportunities to women. Accomplished women volunteer their time to help guide women with interests in these areas, like technology, science and statistics. I'd suggest exploring all the different opportunities available to Statistics graduates, like data science, training effectiveness measurement, consumer research, or human factors. Statistics are the data that the people in Business Administration use to make decisions that move their businesses forward. I have a BS in Business Administration. I wish I had a statistics concentration. That would be a true differentiator in a competitive market. You'll have great potential in either field.