Statistics, MBA
The Statistics major develops the skills and insights required to draw inferences and conclusions from many types of data. A key challenge facing managers is the interpretation of the vast amount of data generated in the world of business today. Modern computing systems now produce large volumes of information whereas previously one could often only rely upon intuition and guesses. Yet this information does not directly answer important business questions. What combination of features is most desirable for consumers? What will sales be next month? How did we do last month? Data analysis and statistics offer a systematic approach that can help provide answers to these questions.
Courses offered by the Statistics Department develop the skills and insights required to make effective use of statistical methods. The courses provide the knowledge needed to select and apply techniques and to communicate statistical results. Interpretation in realistic applications offers guiding examples, and theory is used to motivate and compare alternative schemes.
Regardless of topic, all of these courses provide useful skills that augment the substantive managerial abilities of students. Courses also provide exposure to computer software that implements key techniques.
For more information: https://statistics.wharton.upenn.edu/programs/mba/course-requirements/
Curriculum
A minimum of 19 course units is required for graduation.
Major electives taken on a pass/fail basis cannot be counted toward the Statistics major.
| Code | Title | Course Units |
|---|---|---|
| Statistics Major Requirements | ||
| Select 4 course units from the following: | 4 | |
| Modern Data Mining | ||
| Statistical Computing with R | ||
| Forecasting Methods for Management | ||
| Predictive Analytics for Business (formerly STAT 622) | ||
| Text Analytics | ||
| Data Analytics and Statistical Computing | ||
| Applied Probability Models in Marketing | ||
| Introduction to Python for Data Science | ||
| Actuarial Statistics | ||
| Independent Study | ||
| Sample Survey Methods | ||
| Modern Regression for the Social, Behavioral and Biological Sciences | ||
| Electives | ||
| Select 5.5 course units of electives | 5.5 | |
| MBA Core Requirements | 9.5 | |
| Total Course Units | 19 | |
MBA Core Requirements
| Code | Title | Course Units |
|---|---|---|
| Accounting | ||
| Select one of the following: | 0.5-1 | |
| Fundamentals of Financial Accounting | ||
| Fundamentals of Financial and Managerial Accounting | ||
| Finance 1 | ||
| Corporate Finance | ||
| Select one of the following: | 0.5-1 | |
| Corporate Finance | ||
| Corporate Finance (Half CU) | ||
| Macroeconomics | ||
| Select one of the following: | 0.5-1 | |
| Macroeconomics and the Global Economic Environment | ||
| Macroeconomics and The Global Economic Environment (Half CU) | ||
| Legal Studies | ||
| LGST 611 | Responsibility in Global Management | 0.5 |
| or LGST 612 | Responsibility in Business | |
| Microeconomics | ||
| MGEC 611 | Microeconomics for Managers: Foundations | 0.5 |
| MGEC 612 | Microeconomics for Managers: Advanced Applications | 0.5 |
| Management | ||
| MGMT 610 | Foundations of Teamwork and Leadership | 0.5 |
| MGMT 611 | Managing Established Enterprises | 1 |
| or MGMT 612 | Management of Emerging Enterprises | |
| Marketing | ||
| MKTG 611 | Marketing Management | 0.5 |
| MKTG 612 | Dynamic Marketing Strategy | 0.5 |
| or MKTG 613 | Strategic Marketing Simulation | |
| OIDD | ||
| OIDD 611 | Quality and Productivity | 0.5 |
| or OIDD 615 | Operations Strategy | |
| Select one of the following: 2 | 0.5 | |
| Quality and Productivity | ||
| Business Analytics | ||
| Online Business Models and the Information-Based Firm | ||
| Innovation | ||
| Operations Strategy | ||
| Statistics | ||
| STAT 613 | Regression Analysis for Business 3 | 1 |
| or STAT 621 | Accelerated Regression Analysis for Business | |
| Management Communication | ||
| WHCP 611 | Management Communication | 0.25 |
| Select one of the following: | 0.25 | |
| Advanced Persuasive Speaking | ||
| Communication Challenges for Entrepreneurs: "Pitching your Business" | ||
| Persuasive Writing for Business Leaders | ||
| Total Course Units | 9.5 | |
| 1 | |
| 2 | Students must take at least one of OIDD 611 and OIDD 615, and may take both to satisfy the requirement. |
| 3 | STAT 621 is by placement only. |
The degree and major requirements displayed are intended as a guide for students entering in the Fall of 2020 and later. Students should consult with their academic program regarding final certifications and requirements for graduation.