Hey GrayNess,
I don't have any info about graduate or post-graduate necessity of statistics, since I'm still in my undergraduate degree,
But in terms of computer programming,
2nd year stats for me was all about formulas.
3rd year stats (if I had taken it) involves using a computer program, called SPSS.
http://www.spss.com/ It does data mining and does the statistical analysis and formulas for you, you just have to be able to actually plug in the right information and be able to read the results! That takes a while I've been told. I think you can get a free download of it to check out if you want.