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Statistics - College of Business Administration Major Guide for 2010-2011

What is Statistics - College of Business Administration

Statistics is the science of learning from data.  Statisticians determine how to collect and how to manage this necessary information.  They interpret the data and present the results in a clear fashion so that wise decisions can be made.  There are two basic types of statisticians:  applied and theoretical.  The focus of the undergraduate program is on applied statistics.  Applied statisticians help to improve processes and solve real-world problems.  Prospective statisticians must have a strong aptitude for mathematics, a solid computing background, and an earnest curiosity to explore the practical application of statistics.

Career Opportunities in Statistics - College of Business Administration

Statistics is used in various areas of business, industry, science, and government.  The fields of opportunity for statisticians are numerous and include economics, finance, market research, e-commerce, engineering, manufacturing, transportation, education, medicine, psychology, agriculture, and computer and social sciences.

Salary Trends in Statistics - College of Business Administration

For salary information by occupation in the U.S. or for individual states, visit the Bureau of Labor Statistics’ National Compensation Survey website.

High School Preparation

High school students should follow a college preparatory curriculum and take their high school’s recommended courses in Math, English, and Foreign Language.  Appropriate electives include any business courses, as well as courses in computer software applications and written and oral communication.  The College of Business Administration further encourages all high school students to 1) explore international business issues and opportunities, 2) participate in student organizations and clubs, and 3) volunteer in their community.

How to Major in Statistics - College of Business Administration

All students admitted into the College of Business Administration are admitted as pre-majors and must earn admission to a major prior to the completion of 75 hours of coursework.

To earn admission to the statistics major, students must attain a minimum cumulative grade point average of 2.75 in the following coursework:
Mathematics 123-125 or 141-142 (6 or 8 hours);
Written Communication (3 hours from English 255 or 295);
Oral Communication (3 hours from Communication Studies 210 or 240);
Accounting 200 (3 hours);
Economics 201 (4 hours);
Statistics 201 (3 hours);
Business Administration 201 (4 hours)

Requirements for Statistics - College of Business Administration

All majors in the College of Business Administration are required to take a total of 120 hours to graduate:  59 hours of general education courses, 14 hours of pre-business core courses, 23 hours of business core courses, and 24 hours of courses in the major. 18 of the 24 hours of major coursework must be taken in residence at the University of Tennessee.  A minimum grade of C must be earned in every course counted towards the major.  When students are admitted to a major in the college, they are required to have a laptop computer.

Special Programs, Co-ops, and Internships

Global Leadership Scholars
The Global Leadership Scholars (GLS) program offered by the College of Business Administration promotes the development of international and intercultural awareness, leadership, and personal and professional growth and responsibility.  Through honors classes, seminars in leadership training, international experiences, and extracurricular activities, GLS students work together and with honors faculty to develop the skills necessary to become future international business leaders.  Applications are accepted from first-year students in their second semester.

Internships
Students are encouraged to gain practical experience through an internship or other supervised experience in the application of statistical principles and methods in business, industry, or government.  Students may earn academic credit for their internships through enrollment in Statistics 492.

Stats Club
The Stats Club provides exposure to the use of statistics in industry and government by former graduate and undergraduate students at UT.  Companies and governmental agencies also give presentations and provide networking opportunities for internships and jobs.

Highlights of Statistics - College of Business Administration

Within the 24 hours of their major, students may study two areas of emphasis:  their major with a collateral or their major with a dual concentration.  With a collateral, students complete 18 hours in their major and 6 hours in their collateral area.  With a dual concentration, students complete 12 hours in each area of emphasis.  The statistics major offers collateral areas of study in economics, finance, information management, logistics, marketing, and operations management.  Dual concentration options are offered with internal auditing, international business, logistics, and marketing.

Ready for the World logoReady for the World

Seeking to instill a global perspective in all of its students, the College of Business Administration challenges undergraduates to develop the requisite knowledge and skills to prosper in today’s global business environment.  To help students meet that challenge, the college provides these critical tools:  an enhanced core curriculum that covers international business topics in all relevant courses; extraordinary programs for international study and internships; and a unique opportunity to delve into the principles of international business through a collateral or concentration in international business.

The college requires all students pursuing a collateral or dual concentration in international business to have an international educational experience.  Coursework in the international business collateral or dual concentration may be completed through a study abroad program.

Learn more about UT's Ready for the World initiative to help students gain the international and intercultural knowledge they need to succeed in today's world.

Sample Curriculum

Collateral Option
Freshman Year Credit Hours
Written Communication: English 101, 102 6
Quantitative Reasoning: Math 123-125 or 141-142   6 or 8
Cultures and Civilizations: Intermediate Foreign Language   6
Natural Sciences   6 - 8
Social Sciences   3
Oral Communication: Communication Studies 210 or 240   3
Sophomore Year Credit Hours
Accounting 200    3
Social Sciences: Economics 201    4
Written Communication: English 255 or 295   3
Statistics 201    3
Business Administration 201   4
Arts and Humanities   6
Non-US History   3
Electives 3
Junior Year Credit Hours
Business Administration 331-332   4
Business Administration 341-342   4
Ethics: Philosophy 243, 244, or 443   3
Finance 301   3
Statistics 365   3
Business Administration 353   3
Business Administration 361   3
Statistics 320   3
Statistics 330   3
Senior Year Credit Hours
Business Law 301 3
Statistics 471   3
Statistics Electives: any two 400-level courses from Statistics or Mathematics 423 and 425   6
Collateral 6
Management 402   3
Electives 7-11
GRAND TOTAL 120

Statistics Collateral Options
Economics – ECON 312 or ECON 313; ECON 381
Finance – FIN 425; and one of FIN 435, 455, 475, or 485 (all finance courses have a prerequisite of Accounting 301)
Information Management – IM 341; IM 342
Logistics – LOG 310; LOG 411
Marketing – MKT 340; MKT 350
Operations Management – OMS 341; OMS 421 or 441

Dual Concentration with Internal Auditing
Freshman Year Credit Hours
Written Communication: English 101, 102 6
Quantitative Reasoning: Math 123-125 or 141-142 6 or 8
Cultures and Civilizations: Intermediate Foreign Language   6
Natural Sciences   6 - 8
Social Sciences   3
Oral Communication: Communication Studies 210 or 240   3
Sophomore Year Credit Hours
Accounting 200    3
Social Sciences: Economics 201    4
Written Communication: English 255 or 295 3
Statistics 201    3
Business Administration 201   4
Arts and Humanities   6
Non-US History   3
Electives   3
Junior Year Credit Hours
Business Administration 331-332   4
Business Administration 341-342   4
Ethics: Philosophy 243, 244, or 443   3
Finance 301   3
Accounting 301   3
Information Management 341   3
Business Administration 353   3
Business Administration 361   3
Statistics 320   3
Senior Year Credit Hours
Business Law 301   3
Accounting 311 3
Statistics 365   3
Statistics 471 3
Statistics 474 or 475   3
Accounting 411   3
Management 402   3
Electives   7-11
GRAND TOTAL 120

Dual Concentration with International Business
Freshman Year Credit Hours
Written Communication: English 101, 102   6
Quantitative Reasoning: Math 123-125 or 141-142   6 or 8
Cultures and Civilizations: Intermediate Foreign Language   6
Natural Sciences   6 - 8
Social Sciences   3
Oral Communication: Communication Studies 210 or 240   3
Sophomore Year Credit Hours
Accounting 200    3
Social Sciences: Economics 201    4
Written Communication: English 255 or 295   3
Statistics 201    3
Business Administration 201   4
Arts and Humanities   6
Non-US History   3
Electives   3
Junior Year Credit Hours
Business Administration 331-332   4
Business Administration 341-342   4
Ethics: Philosophy 243, 244, or 443   3
Finance 301   3
Business Administration 353   3
Business Administration 361   3
Statistics 320   3
Statistics 365   3
Business Law 301   3
International Business 489   0
Senior Year Credit Hours
Statistics 471   3
Statistics 330 or 474 or 475   3
*International Business    12
Management 402   3
Electives 7-11
GRAND TOTAL 120
 *Any four courses chosen from: International Business 409, 419, 429, 439, 449, 459, or 469 

Dual Concentration with Logistics
Freshman Year Credit Hours
Written Communication: English 101, 102 6
Quantitative Reasoning: Math 123-125 or 141-142 6 or 8
Cultures and Civilizations: Intermediate Foreign Language   6
Natural Sciences   6 - 8
Social Sciences   3
Oral Communication: Communication Studies 210 or 240   3
Sophomore Year Credit Hours
Accounting 200    3
Social Sciences: Economics 201    4
Written Communication: English 255 or 295 3
Statistics 201    3
Business Administration 201   4
Arts and Humanities   6
Non-US History   3
Electives   3
Junior Year Credit Hours
Business Administration 331-332   4
Business Administration 341-342   4
Ethics: Philosophy 243, 244, or 443   3
Finance 301   3
Statistics 320   3
Business Administration 353   3
Business Administration 361   3
Logistics 310   3
Statistics 365  3
Senior Year Credit Hours
Business Law 301   3
Statistics 471   3
Statistics 474 or 475   3
Logistics 411   3
Logistics 413 or 421   3
Logistics 460   3
Management 402  3
Electives 7-11
GRAND TOTAL 120

Dual Concentration with Marketing
Freshman Year Credit Hours
Written Communication: English 101, 102   6
Quantitative Reasoning: Math 123-125 or 141-142   6 or 8
Cultures and Civilizations: Intermediate Foreign Language   6
Natural Sciences   6 - 8
Social Sciences   3
Oral Communication: Communication Studies 210 or 240   3
Sophomore Year Credit Hours
Accounting 200    3
Social Sciences: Economics 201    4
Written Communication: English 255 or 295 3
Statistics 201    3
Business Administration 201   4
Arts and Humanities   6
Non-US History   3
Electives   3
Junior Year Credit Hours
Business Administration 331-332   4
Business Administration 341-342   4
Ethics: Philosophy 243, 244, or 443   3
Finance 301   3
Business Administration 353   3
Business Administration 361   3
Marketing 340   3
Marketing 350 3
Statistics Dual Concentration   3
Senior Year Credit Hours
Business Law 301 3
Marketing 360   3
Statistics Dual Concentration   9
Management 402   3
Marketing 460   3
Electives 7-11
GRAND TOTAL 120
Statistics Dual Concentration Options
1)  STAT 320; STAT 330; STAT 471; STAT 474 or 475
2)  STAT 320; STAT 471; STAT 474; STAT 475

For More Information

College of Business Administration
Undergraduate Programs
342 Haslam Business Building
Knoxville, TN 37996
Phone: (865) 974-5096
Fax: (865) 974-6106
Email:  busad@tennessee.edu

 

Note

The information on this page should be considered general information only. For more specific information on this and other programs refer to the UT catalog or contact the department and/or college directly.