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Bachelor's Degree in Statistics and Business

Social Sciences and Law
School of Law and Social Sciences
4 years (240 ECTS credits)
Degree Program Location
Learning Mode


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  • Inicio


    We are very used to hearing it said that we are immersed in what is known as the “Information Society”, which is no more than the capacity of businesses and institutions to collect, store, transmit and process large amounts of data. Statistics is a scientific methodology for the transformation of this data into information and of this information into useful knowledge which can support decision-making by businesses and institutions.

    The growing demand for professionals with quantitative skills has encouraged the Universidad Carlos III de Madrid to design a study plan which combines subjects from Statistics with typical knowledge from Business Administration, to obtain a degree which is applied, modern and competitive and, above all, which offers attractive job opportunities for all graduates. We have designed a degree which will appeal greatly both to future graduates and potential employers, given the importance in the Madrid Region and in general throughout the country of banking and finance, insurance and business consulting firms- all of which are the natural employment areas for our graduates.

    In designing the study plan for the degree in Statistics and Business, we have sought to combine knowledge from the two principal areas of the degree: Statistics and Business, to achieve our aim of creating a qualification with a clear business focus and an applied nature. Students also receive training in computing which ensures that techniques and methodologies taught in the degree are of the latest kind. Finally, there is a careful approach to mathematical training, which is essential for understanding the different tools and techniques included in these studies.

    This degree is highly regarded by the Department of Statistics. Faculty will be drawn from the university and private sector which will ensure the application of the theoretical analysis techniques. Group work is encouraged and, above all, students will become familiar with the aspects of computing and data processing using the most advanced software. This is all made possible because of the small group numbers which helps to foster a very close student- teacher relationship.

    We are the first Spanish university to launch a degree of this kind. For this reason, if you have any queries please do not hesitate to contact me at the following e-mail address:

    Dr Bernardo D' Auria. Associate Dean of the degree program in Statistics and Business

  • Curriculum
  • Mobility
    • Exchange programs

      Exchange programs

      The Erasmus programme permits UC3M first degree and post graduate students to spend one or several terms at one of the European universities with which UC3M has special agreements or take up an Erasmus Placement, that is a work placement or internship at an EU company. These exchanges are funded with Erasmus Grants which are provided by the EU and the Spanish Ministry of Education.

      The non-european mobility program enables UC3M degree students to study one or several terms in one of the international universities with which the university has special agreements. It also has funding from the Banco Santander and the UC3M.

      These places are offered in a public competition and are awarded to students with the best academic record and who have passed the language threshold  (English, French, German etc..) requested by the university of destination.

    • European mobility

      European mobility

    • Non european mobility

      Non european mobility

  • Schedules
  • Student profile
    • Entry profile

      Entry profile

      The following skills and abilities are desirable:

      • Numerical and logical reasoning
      • Abstract reasoning
      • Observation and perception
      • Attention and concentration

      All these skills and abilities will be developed further throughout the duration of the degree, as part of the competencies acquired.
      In addition to the points listed above, on a personal level, students should possess the following qualities:

      • Creativity and imagination
      • Organizational skills and study habits
      • Teamwork and leadership skills
      • Ethical awareness and responsibility
      • Curiosity about the world of economics and business administration

      Equally, these aspects are developed and enhanced during the degree study program through the teaching of the specific contents of the subjects and skills.

    • Graduate profile

      Graduate profile

      Graduates in Statistics and Business will receive broad training which covers areas related to both the knowledge and application of the theory of statistics and business management at a basic level. They will also have a solid base in mathematics and computing which will give them thorough training in subjects related to Statistics and specialized training in its application to the area of business.
      With this profile, they will be equipped to successfully engage in professional activity in various fields especially in business management or the financial management of businesses and organisations, actuarial science, insurance, banking, risk assessment, stock market analysis, investment portfolio management, operations management, financial analysis, market research, optimal pricing policies, etc.
      In addition, their training will also well prepare them to carry out all kinds of activities in the areas of consulting, which is where many of our students have had considerable professional success, despite not having had the broad training that this new degree provides. The combination of business and technical training also prepares graduates for project management in the areas mentioned above.
      The emphasis on technical training in Statistics, which has been a tradition in the Universidad Carlos III de Madrid from the start, and the quality of the instruction provided by the University in areas such as Business Administration, means that graduates have all the skills necessary for continuing their training through professional qualification in fields with a strong quantitative element, such as Financial and Actuarial Sciences or undertaking research or teaching in Statistics or common areas of Statistics and Business Administration.
      Finally, it is important to note that graduates receive training in communication skills, languages and humanities, which helps to improve their personal communication skills, knowledge transfer and national and international team working skills, hence increasing their value and contribution within their professional career.

      General skills in Statistics and Business

      General and specific Competence and skills

      The skills or basic capacities that undergraduates in the Statistics and Business degree are required to acquire are as follows

      1. Making contact with the environment: Comprehension and understanding of business activity and identification of areas that could be improved, through use of Statistics and Operational Research. The subjects Business Principles, Basics of Finance and Marketing will help to immerse students in the different professional sectors to   be chosen on completion of the GEE. Similarly, work placements in companies will be an essential part of that immersion.
      2. Data compilation and processing: Efficient management of company databases for statistical use (for example data on customers, suppliers, financial data, human resources, production etc...) Adequate design of the data acquisition process (albeit surveys or data compilation using various sources) and subsequent data processing. This skill will be acquired through Basic Computer studies and IT tools for Statistics.
      3. Description and data synthesis: Description of a set of data based on numeric and graphic measurements both at univariate and multivariate levels demonstrating possible relations between variables of interest. The main subject studied in order acquire this skill is Basics of Statistics, which provides the essential tools for statistical description of data. The subjects Business Principles, Basics of Finance and Marketing Basics will be extremely helpful in interpreting the aforementioned descriptives and graphics.
      4. Modelling Ability to identify or create the appropriate model for a specific problem arising from each business activity (finance, marketing, production planning and  control etc.). The subjects Stochastic Modelling, Market  Research,   Operations Management and Operations Research will prepare students sufficiently for them to model almost any mathematical problem arising in these areas.
      5. Model Analysis and Validation: Capacity to computationally manipulate established models, making the most of the power of statistical, optimisation methods etc. and analysing the results obtained. The subjects that will assist students in acquiring these skills are Basic Techniques of Statistical Inference, Computational Statistics and Mathematics, Statistical Methods for Multivariate data and Operations Research.
      6. Drawing conclusions: Ability to perceive the nature of problems and interpret solutions provided by the corresponding models in a useful way, in order to improve performance in the various areas of a business (finance, production, quality, marketing...). This skill will be acquired through the subjects of Market Research, Corporate Quality and Statistical Techniques applied to Finance.
      7. Presentation and communication of results: Ability to communicate results, conclusions of models and solutions proposed in a manner which is intelligible to the rest of the company, in order to ensure that they are accepted and implemented by decision makers.  The Basic Skills subject will assist students in expressing the results of the corporate statistical studies with clarity and rigour.

      The Mathematical Basics and Mathematics for Statistics subjects are designed to provide students with a sufficient mathematical grounding for understanding the statistical techniques studied.

      The Principles of Economics and Introduction to Sociology subjects, while not a direct objective of this Degree course are necessary for an understanding of the current socio-economic reality framing the activity of any corporate entity.

      Statistics and Business graduates in most cases will be required to collaborate and work together with specialised experts in other disciplines within the same company. To achieve this, Statistics and Business graduates should be able to understand problems arising in their fields of activity (financial, actuarial, marketing, pharmaceutical, telecommunications, automation sectors etc.) so that they are able to create models appropriate to the context.  Graduates of Statistics and Business will therefore carry out their professional activity in a multidisciplinary context, and so they need to acquire various skills, such as those of team work, an ability to listen and understand specialist reasoning in other fields and communicate their own arguments and conclusions. For this reason the GEE degree qualification includes, in addition to common educational content  and training in Areas of Application, a practical work placement in a company awarding a total of 12 credits, and a final dissertation which will be awarded 6 credits.


      These are abilities that every student should acquire during their university studies. They may be divided into three groups, instrumental, personal and systemic. The skills which are most highly valued in a business and corporate context are marked with an asterisk:

      • (*) Ability to  analyse and synthesise.
      • Capacity of abstraction.
      • Ability to organise and plan
      • Written and oral communication in mother tongue
      • Knowledge of foreign languages
      • Knowledge  of computer skills applicable to the scope of  study
      • (*) Ability to manage and administer information
      • (*) Problem solving
      • Quantitative thinking and reasoning.
      • Decision making


      • (*) Multidisciplinary  Teamwork
      • Work in an international context
      • Skills in interpersonal relations
      • Recognition of  diversity and multiculturalism
      • (*) Critical reasoning
      • Ethical commitment
      • Systematic
      • Autonomous learning
      • (*) Ability to adapt to new situations
      • Creativity
      • Leadership
      • Knowledge of other cultures and customs
      • Initiative and entrepreneurship (*)
      • Motivation for a job well done
      • Sensitivity to environmental matters

      Other specific skills
      These may divided into two groups depending on their characteristics: technical knowledge and professional competence.
           Technical knowledge

      • Data description and synthesis:
      • Modelling and statistical analysis  of both static and dynamic data
      • Experiment design
      • Handling of quality control techniques
      • Design and analysis of surveys
      • Application of Operating Research techniques  in Finances and Transactions
      • Application of statistical methods specific to Finance and Insurance
      • Mathematical  modelling and problem solving relating to business management and organisations
      • Basic knowledge of programming
      • Database management
      • General knowledge of Economics and Business Economics
      • Basic knowledge in the areas of Finance, Marketing and Operations
      • Basics of Sociology

           Professional Skills

      • Design, programming and implementation of statistical packages
      • Identification of relevant information for problem solving.
      • Correct and rational use of software
      • Ability to devise and construct models and validate them.
      • Graphic representation of data
      • Knowledge, identification and selection of statistical sources.
      • Identification of relations or associations.
      • Interpretation of results based on statistical models
      • Devising forecasts and scenarios
      • Drawing  conclusions and drafting reports.
      • Assessment of skills acquisition

      Procedures for evaluating achievement of the aforementioned skills will be applied to each subject, adapting to the nature of each (theoretical and applied nature, instrumental or basic subject) and according to the specific definition made of each subject.

      Below we detail the general assessment procedures for each module of this degree course.

      The subjects contained in this Basic Statistics module are designed to provide an introduction, that is, they should enable acquisition of the basics of the various disciplines involved in this degree course. As a result, a level of specialisation sufficient to be able to apply knowledge to practical cases which resemble real life problems will not yet have been acquired. In these subjects the assessment procedures will entail resolution of several written and/or oral examinations, submitting problems and carrying out practical tasks of data description. By means of these tests, general skills are evaluated 1 (contact with the environment) and 3 (data description and synthesis) together with the specific skills of this module, such as the capacity to assimilate theoretical and practical knowledge in the field of statistics at an intermediate level, in addition to understanding the interest and relevance of their application to practical problems in the business sphere.

      In assessing the subjects in the Statistical Techniques module, the theoretical models studied in those subjects and applied to real cases applied to business will carry considerable weight. This shall consist of either the submission and explanation of a final paper or dissertation, or the performance and submission of a number of practical tasks during the course. There will also be written and/or oral examinations in order to assess the theory element of the course. These tests are designed to assess general  skills 4( modelling) and 5 (analysis and validation of models) together with the specific skills acquired in this module, such as acquisition of statistical and mathematical knowledge mainly related to inference, in which from a theoretical perspective it will be necessary to support the  knowledge acquired in the Complements of Statistical Training and from a computational view point, the formal basis and justification of the Computation and Statistics module.

      The subjects in the Computation and Statistics module will be assessed mainly through computer projects such as, for example, the creation of a relational database, programming algorithms in order to adjust mathematical models etc.  Examinations may also be set in order to assess the acquisition of minimum theoretical content.  These tests are designed to evaluate general skills 2 (data collection and processing ) and 5 (analysis and validation of models ) together with the specific skills obtained through this module, such as knowledge and handling of the computerised tools required for optimism practical application of Statistics and comprehension and capacity to apply those statistical tools, which depend largely on computation resources.

      Statistical modules in Marketing, Statistics in Operations Management and Statistics in Finance are the three main areas of application of Statistics to business and will enable students to acquire the requisite level of specialisation for solving practical cases, as nearly as possible to reality within each business activity. Thus, these modules will be assessed by analysing real data through practical tasks or group work, together with a subsequent explanation of their results. Examinations may also be set in order  to assess the acquisition of minimum theoretical content  General skills 4 (modelling) 5 (analysis and validation of models), 6 (drawing conclusions) and 7 (presentation and communication of results) shall be evaluated together with the specific skills acquired in these models such as comprehension and application of statistical tools which are particularly useful in areas of Finance, Marketing, Operations and Quality Management.

      The Complementary Statistical Training module contains two clearly differentiated subjects, and therefore there will be two completely separate assessment systems.
      The subject in this module, Corporate Practices, will be evaluated through two reports, one by a tutor in the company where the work placement was carried out, and another by the student who will submit a description of his/her activity. These reports will be used to assess attainment of the general skills and competence described above.

      The Final Dissertation will consist of a project devised by the student and which will demonstrate the skills and abilities acquired through the GEE studies.  A committee of professors and lecturers who teach the degree course will evaluate the paper. The subject of the Final Dissertation will be concerned with one of the subjects in the syllabus  (or several) and should also demonstrate that the student has acquired general skills albeit written or oral at the required technical level.

  • Study in english

    Studies with some courses in English

    This bachelor's degree is offered in spanish, but you can study some courses in english if you want.

    You can check the courses offered in english in the study program.

    You don't need a previous level test. If you want to study a course in english, you have to select the english group in the enrollment.

    More information about Languages in Degrees

  • Quality