http://news.yale.edu/2017/03/06/introducing-ds2-future-data-science-yale - Up to 9 new faculty to be hired over the following years and a new major in Statistics and Data Science is to be created, among other initiatives.
Hmm, that would be a good major for people looking at getting into investment banking/other wall street jobs since Yale doesn’t have an undergraduate b-school.
^^ FWIW: Data Science is being used in all sorts of fields besides investment banking. Companies like Amazon, Apple, Facebook, Google, Hulu, Netflix, SnapChat, Spotify, etc all us data scientists. Full disclosure: My son, who graduated from Yale in 2015, is working as a data scientist for one of the above companies and is making more money than a 24-year old should be allowed to make ($137K salary with normal 9-5 business hours – no overtime – plus stock options, 4 weeks paid vacation, free healthcare, free breakfast and lunch, and reimbursement for the gym of his choice. Not a bad first job out of college if you can get it). It’s an expanding field and Yale is on the right track to offer a major in it, as my son kind of lucked-out by combining his love for Computer Science and Stats to get the job.
It is a good major.
A hot major at a hot school! Highly desirable!
Will yale send any mail to consider this major to undrgrad applicants
Application season is over, so I doubt they will. Either way, undergrads are free to choose any major once admitted, so it doesn’t really matter.
They just made the name of Department of Statistics longer.
“They just made the name of Department of Statistics longer.”
Kind of yes: statistics has always been a science of data. Renaming it a little bit, however, emphasizes the applied nature of statistics on data. This kind of renaming actually occurs from time to time in applied science/math field. In the past, some departments renamed to meet the Wall Street’s taste and called themselves something like the department of financial engineering (and operations research). Today, they seem to tend to rename themselves to be more relevant or marketable to Silicon Valley. I think this kid of flexibility says something about the applied nature of these fields.
The market place of higher education is dynamic. Like any operations, these departments need to adjust themselves to the market place to ensure/enhance their relevance.
Since students do not have to commit to a major until the end of sophomore year, current freshmen, sophomores and newly admitted students in the Class of 2021 have the option of choosing this for a major.
The major kind of seems like a cross between statistics and CS, if I’m reading correctly.
It seems to me like it could fill help fill the gaps I see in some of the big data type analyses I run across . . . too much computing power, not enough meaningful insight . . . and therefore be a pretty valuable skill set,