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It's REALLY hard. PhD's admissions in statistics are really competitive, since number of open positions is quiet low. Pursuing research in theoretical statistics is quite hard, specially if you don't have a strong training in statistics in masters/ bachelor level.
A PhD in statistics is more flexible and useful that PhDs in some other areas. The usual issue with PhDs one hears about is that one becomes over-qualified for non-academic work once one has a PhD. Additionally, there is a lot of time spent getting it. Having a PhD in an area like that will probably not hurt you.
It's REALLY hard. PhD's admissions in statistics are really competitive, since number of open positions is quiet low. Pursuing research in theoretical statistics is quite hard, specially if you don't have a strong training in statistics in masters/ bachelor level.
In particular, the department has expanded its research and educational activities towards computational biology, mathematical finance and information science, via an RTG program. The doctoral program normally takes four to five years to complete.
Statistics is one field in which having a PhD does indeed both open up more job opportunities and also lands you in a higher pay grade. Positions that require a PhD generally involve more autonomy and beginning-to-end problem-solving and critical thinking.
It's not all that longer: you're looking at 1.5 – 2 years for a Master's + 4-5 years for a PhD, vs a 6-year direct to PhD program, so the difference is only a year. If you go directly into a PhD it's always going to take longer than if you do a Master's first.
In this profile we focus on doing an Economics PhD in the US, which usually takes 5-7 years. In the first two years you take classes and the remaining time is spent on writing a dissertation. You usually have to teach during your PhD.
It typically takes students two-to-three years to complete PhD coursework, depending on the number of 500-level courses needed, and two years to complete their dissertation. Students who have a master's degree in biostatistics or statistics are exempt from 500-level courses.
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