Undergraduate Statistics Concentration

The Concentration consists of four courses beyond the Business Fundamental requirement of two courses. The elective courses listed below are most suitable to undergraduates and most commonly taken by students in fulfillment of the concentration. There are other courses not on this list, mostly PhD level classes, which may count towards the concentration with approval from the Concentration Advisor.

Required:
STAT 430: Introductory Probability

Three credits of:
STAT 405 Statistical Computing with R (0.5 CUs)
STAT 422 Predictive Analytics (0.5 CUs)
STAT 432 Mathematical Statistics (STAT 512)
STAT 433 Stochastic Processes
STAT 435 Forecasting Methods for Management (STAT 711)
STAT 436X Introduction to Large-Scale Data Science
STAT 442X Introduction to Bayesian Data Analysis
STAT 470/503 Data Analytics and Statistical Computing
STAT 471 Modern Data Mining (formerly titled Intermediate Statistics)
STAT 474 Modern Regression
STAT 475 Sample Survey Design
STAT 476 Applied Probability Models in Marketing
STAT 490X/590X Causal Inference

STAT 501 Intro to Nonparametric Methods and Log-linear Models (Permission to take course will be granted to Stat Minors)
STAT 515 Advanced Statistical Inference I (Recommended for seniors; instructor permission is needed to take the course)
STAT 520 Applied Econometrics I
STAT 521 Applied Econometrics II
STAT 542 Bayesian Methods and Computation

STAT 930 (formerly STAT 530) Advanced Probability Theory
STAT 931 (formerly STAT 531) Advanced Stochastic Processes
STAT 961 (formerly STAT 541) Statistical Methodology

*CIS 545 Big Data Analytics
*ECON 221 Time Series Econometrics
*ECON 222 Advanced Econometric Techniques and Applications
*ECON 224 Statistical Learning and Causal Inference for Economics
*MATH 312/412 Advanced Linear Algebra
*MATH 313/513 Computational Linear Algebra
*MATH 360 Advanced Calculus
*MATH 361 Advanced Calculus
*MATH 530 Mathematics of Finance
*MKTG 309/809 (formerly MKTG 269/699) Experiments for Business Decision Making
*OIDD 930 (formerly OPIM 930) Stochastic Models

Notes:
Any course not listed above will require the prior approval of the Undergraduate Chair/Concentration Advisor.

*Only one non-statistics course may be used among the three electives for the concentration.

All PhD level courses in statistics may count towards the concentration. In addition, students seeking permission to count a non-Wharton course not currently included on the list above toward the concentration must consult with the Concentration Advisor for review and possible approval.

Either MATH 114 or MATH 115 can be used as a prerequisite for STAT 430 and as a prerequisite for the STAT concentration. Although this is not a recommended plan, it is acceptable to take (either MATH 114 or MATH 115) and STAT 430 simultaneously.

Students who take STAT 101 and 102 as Business Fundamentals should also take STAT 430 and then three more courses for the concentration.

Students who take STAT 430 and 431 for the Business Fundamentals should take four more courses for the concentration.

Students may not take BOTH Stat 102 and Stat 431.

Only one course outside the Statistics department may be used in the concentration. MATH 508 or MATH 509 may be substituted for MATH 360 or MATH 361.

Sample Programs:

  • Stat 430, 431, 433, 471, Math 530
  • Stat 101, 102, 430, 471, 475, 476, Econ 222 (most applied sequence)
  • Stat 430, 431, 432, 433, Math 360 (most theoretical sequence)

FREQUENTLY ASKED QUESTIONS:

  • I am interested in a quantitative career on Wall Street. Is there any sequence of courses that I should take? What should I take first?
    It is probably best that you take the 430-431 sequence to fulfill your Business Fundamentals. These courses are more mathematically sophisticated than 101-102, although they do spend less time in applied data analysis. Statistics 433 is an excellent first course towards the fulfillment of your elective requirement. Since 433 is only offered every other year you should plan accordingly. You may be interested in one of the upper level Math courses, like 360 or 530. It is recommended that you take an intermediate level applied course which will introduce you to serious statistical computing (like Stat 471 or even Stat 961).
  • I am more interested in Marketing than Finance. What course sequence is most appropriate?
    You should start with 101-102, followed by Stat 430, 471 and 476. Stat 475 would be a good way to complete the Concentration, for example.
  • Can Stat 431 count towards the Concentration?
    Stat 431 can count as a Business Fundamental but never as an elective. Stat 430 can count as either a Business Fundamental OR an elective (but not both).
  • Are there courses outside the Stat department that can count towards the Concentration?
    Yes. Any PhD class in Statistics will count towards the Concentration. These courses are usually not appropriate for undergraduates. There are many courses both in and out of Wharton that many count as well. You must get approval from the Concentration advisor.

Statistics Concentration Advisor
Dr. Abraham Wyner
448 Jon M. Hunstman Hall
3730 Walnut Street
Philadelphia, PA 19104
ajw@wharton.upenn.edu
(215) 898-2439