The Institute offers a M.S. program with special emphases on Industrial Statistics, Financial Statistics and Biostatistics. In addition to fundamental theoretical statistics courses, students are encouraged to take a set of elective courses from the above three areas of applied statistics. These three areas have good potentials in statistical studies, and their theories and applications need much more research:

Industrial Statistics:
Researchers in statistics have promoted the use of industrial statistics in Taiwan for many years and have witnessed the success of such activities. Throughout the years, researchers have helped lay the foundations of applying the statistical concepts and corresponding methods such as product design, quality control and assurance in manufacturing and inspection processes etc. into practice. All these have helped Taiwan industries to institute product warranty, monitoring and inspection processes that meet international standards.

Financial Statistics:
In the past twenty years, new computational techniques and methods caused major influences in the investment processes and brought new changes to the entire financial sector. Today many international banks and financial institutions utilized these new computational methods in techniques innovation and consequently increased their competitive strength. Techniques and tools used in the fields of applied mathematics, probability and statistics, computer science, and economics, etc., are included in these computational methods. The new computation methods also contain fiscal theories to produce financial policies and products that solve questions like product warranty assessment, investment compound structure, risk management, and case simulation.

Biostatistics:
The focus is to apply statistics in biological problems, particularly in health and disease related researches. Use existing methods, or develop new statistical analysis methods to solve questions in the study of biology, medicine, pharmacology, epidemiology, and environmental medicine.

Courses
Seminars are the only compulsory courses. Famous scholars and researchers are invited to give guest presentations on the latest investigation topics and the result. Students are required to give an oral presentation at the end of the semester based on one research subject or thesis. The department also offers fundamental and applied statistics courses to increase students' understandings of basic statistical theories and real applications.

The Institute has a statistical survey center with full equipments. In order to let the students have practical training, this center can be used as a computer lab and also administer telephone interviews and research plans. We also provide offices for students to study and execute projects.

Graduates have various job opportunities in academics, information system, computer science, electronic engineering, finance, insurance, consulting, statistical department and auditing department in government, and research center.