MBA Statistics: Course Details, Eligibility, Admission, Fees

GMU

MBA Statistics is a two year postgraduate program that deals with making effective use of statistical methods. This course graduates can get many job roles such as Statistician, Mathematician, Business Analyst, Risk Analyst, Professor, Content Analyst, Data Analyst, Data Scientist, Statistic Trainer, Econometrician, Consultant, Biostatistician, etc.

About MBA Statistics

MBA Statistics is a two year postgraduate degree which is created in such a way that the learners get to know a deep understanding of their chosen topics. MBA in Statistics course develops the skills and aptitude of students that are required for making effective use of statistical methods. MBA Statistics course provides knowledge which is needed to select and apply techniques and also to communicate statistical results.

The theory part of an MBA in Statistics helps in motivating and comparing alternative schemes whereas interpretations in realistic applications offer guiding examples. It also provides useful skills that are capable of augmenting the substantive managerial abilities of students and offers exposure to computer software which implements key techniques as well. MBA Statistics course falls under the umbrella of an MBA Course.

Eligibility Criteria for MBA Statistics

As part of the MBA Statistics eligibility criteria, one should have a minimum mark of 50% in a bachelor’s degree. In addition, students must pass the common entrance exams such as GMAT, MAT, XAT, and CAT which have cutoffs to qualify. There is no age limit for the students for taking admitted in this course.

Who Should Pursue an MBA Statistics Course?

An MBA in Statistics is a two years postgraduate program that makes a student’s career in all sectors. An MBA Statistics degree gives a variety of job opportunities to graduates.

An MBA Statistics degree holder can get a job as statistician, mathematician, Business Analyst, Risk Analyst, Professor, etc. Candidates will have in-depth knowledge and develop mastery over the subjects they have chosen for specialization, which will be extremely useful for them in their careers. Those learners who are interested in these specializations should pursue this course.

When to do an MBA in Statistics Course?

Aspirants are eligible to pursue an MBA Statistics course only if they have completed their bachelor's degree in a similar stream as MBA Statistics. Some colleges also specify that candidates need to have completed an MPhil to pursue an MBA Statistics course offered by them.

How To Get Admission for MBA Statistics?

Admission to the MBA Statistics course is not impossible if the students ensure that they research the details well. The universities follow the process of entrance-based admissions. MBA Statistics admission process through exams varies from college to college. 

Online and offline both facilities are available to the students for enrollment. The students are guided to check the college website to get detailed information

How to Apply?

There are two ways to apply for admission to the MBA Statistics course. Either online by visiting the college website and following the steps given there or offline by visiting the university's office. 

There are certain colleges that take interviews for checking the knowledge and communication skills of the candidates.

Selection Process

The selection process of the candidates for getting admission in the respective MBA Statistics course ends with an interview. The students who have cracked the entrance exams with good marks can give interviews for the further joining process. The last step of the admission procedure decides whether the student is eligible to take admitted or not.

Read More on MBA Admission

Types of MBA Statistics Courses

An MBA in Statistics is a research-based undergraduate program and that's the reason this course can be done in any of three modes i.e full-time, part-time, and distance learning mode. Aspirants can pursue the MBA Statistics course at many top universities. 

Full-Time MBA Statistics

A full-time MBA Statistics program duration is two years that is provided by many top respected colleges or universities. This full-time course is all about classroom-based studying, research projects, and assignments. There are no limitations on the age for taking admissions.

Part-Time MBA Statistics

A part-time MBA Statistics program is for 2 years. This course is basically created for students who are working somewhere or are professionals. A part-time mode is all about having limited classes. A part-time MBA is mainly focused on research for the development of the company rather than individual research work.

Distance MBA Statistics

A distance MBA Statistics in India program is quite easy for getting knowledge at any time from anywhere. Many people believe in pursuing this course because of no issue of being physically present at the universities. 

The objective behind the creation of this distance learning program is to provide the degree along with the knowledge while working.

Popular Entrance Exams for MBA Statistics

Various institutes and testing agencies conduct MBA Statistics entrance exams for admissions regarding MBA Statistics and Business studies. The following are some of these entrance examinations:

• GMAT
• MAT
• CAT
• XAT

A Quick Glance at the MBA Statistics Entrance Exams

Students can access the MBA Statistics course details by going to the college's official website to which they are interested in applying. The specialization plays a vital role in the college's approach to the entrance exam. Below listed are some of the general guidelines of the MBA Statistics entrance examinations: 

• The exam pattern includes common topics from 10+2, graduation and postgraduation levels.
• Objective and MCQ-based.
• The syllabus, mode of examination, and question pattern may change according to a university/conducting body.

Top MBA Statistics Colleges in India

India is home to some of the MBA Statistics colleges in the world. Aspirants have many options to choose from in terms of the best MBA Statistics course as per their preferences. Depending on the type of MBA Statistics programs offered, candidates will have to make the appropriate choice.

Below is the list of the top best MBA Statistics colleges in the country:

Top MBA Statistics Colleges in New Delhi

Delhi, the educational hub of India, stands in fourth position in producing MBA Statistics candidates. Here are the top 5 MBA Statistics Colleges in New Delhi:

Read more: MBA Statistics Colleges in Delhi

Top MBA Statistics Colleges in Mumbai

Below is the list of colleges which are the top MBA Statistics colleges in Mumbai:

Top MBA Statistics Colleges in Pune

Below are the list of colleges which are the top colleges of MBA Statistics in Pune:

Top MBA Statistics Colleges in Chennai

Top 5 MBA Statistics Colleges of Chennai are given below:

Top MBA Statistics Colleges in Bangalore

Banglore city has some of the best colleges for MBA Statistics courses in India. Here is the list of top colleges of MBA Statistics in Bangalore:

Top MBA Statistics Colleges in Kolkata

Check the Table below for the top colleges in Kolkata:

Top MBA Statistics Colleges in Hyderabad

The Telangana state capital has some premier institutions in the country for MBA Statistics courses in India. Check the table below for the top MBA Statistics colleges in Hyderabad:

Top MBA Statistics Government Colleges

There are several top Government Colleges offering quality MBA Statistics programmes across the country. Check the table below for the top MBA Statistics in government colleges in India:

Top MBA Statistics Private Colleges

India has seen significant growth in the number of quality MBA Statistics private colleges that offer some of the best programmes in the country. Check the table below for the top MBA Statistics from private colleges in India:

Study MBA Statistics Abroad

Students can opt to study an MBA Statistics course abroad if they can afford it. The MBA Statistics course abroad is upto 2 years, depending on the type of course, college and country. 

The benefits of studying an MBA Statistics course abroad are access to some of the best resources, facilities, and faculties, apart from worldwide exposure in terms of subject matter and other cultures. 

Top MBA Statistics Colleges Abroad

The table below contains the list of some of the best colleges abroad for MBA Statistics:

Top MBA Statistics Colleges in USA

The USA is home to some of the best universities and colleges offering top-notch MBA Statistics programmes in the world. The US is the best country for MBA Statistics studies and to settle abroad. It's at the MBA Statistics level that the USA really shines through. The table below contains the list of top colleges of MBA Statistics in the USA:

Top MBA Statistics Colleges in the UK

A MBA Statistics is a research degree and is the highest award available at universities in the UK. The study is based on a substantial research project on an area of academic interest, typically up to 100,000 words in length, written as a thesis which then must be defended in an oral examination in front of a panel of experts.

The table below contains the list of top colleges of MBA Statistics in the Uk:

Top MBA Statistics Colleges in Canada

An increasingly attractive and multicultural study destination, Canada is a great option to consider for your MBA Statistics studies, offering a wealth of research opportunities to help you expand your expertise. Here’s the top universities of MBA Statistics in Canada:

Top MBA Statistics Colleges in Australia

A MBA in Statistics in Australia means that you will develop your knowledge and skills, which ultimately increases your chances for employment within Australia and in any country. According to the UN's Education Index, Australia's education system ranks first. The table below shows the top universities of MBA Statistics in Australia:

Top MBA Statistics Colleges in Germany

It is much easier to get an MBA Statistics in at a European university, which takes about 3-4 years in a good university in Europe. The MBA in Statistics from Germany in engineering enjoys an outstanding reputation. 

The table below shows the top universities of German colleges of MBA Statistics:

Fee Structure for MBA Statistics

The average MBA Statistics fees in India is INR 50,000 - 10 LPA. Now, read below to know about the fee structure of different universities.

Syllabus and Subjects for MBA Statistics

MBA Statistics duration is of 2 years. It is both a research and practical course. In the MBA Statistics duration, the candidates get to learn the collection, analysis, interpretation, and presentation of numerical data. 

This course mainly covers areas like Math and Statistics, etc. Though the actual course offerings might differ from one university to another, here is a list of major subjects which are commonly studied under an MBA Statistics:

• Fundamentals of Management
• Principles of Statistics Management
• Principles of Statistics Management
• Indian Ethos and Values
• Human Resource Management
• E-Business Fundamentals

Read More: MBA Statistics Subjects and syllabus

Why Choose MBA Statistics Course?

When students decide to pursue the MBA Statistics qualification, they should research MBA Statistics course details to ensure that they know the course they are enrolled in. Some of the common queries that students encounter are, "What is MBA Statistics" and "Why MBA Statistics?". To understand the answer to these questions, we can make it simpler by breaking it down into the following three short questions:

What is MBA Statistics All About?

MBA Statistics is a two years postgraduate degree which is created in such a way that the learners get to know a deep understanding of their chosen topics. 

An MBA in Statistics also provides useful skills that are capable of augmenting the substantive managerial abilities of students. This course offers exposure to computer software which implements key techniques as well.

An MBA in Statistics develops the skills and aptitude of students that are required for making effective use of statistical methods. The course provides knowledge which is needed to select and apply techniques and also to communicate statistical results. The theory part of an MBA in Statistics helps in motivating and comparing alternative schemes whereas interpretations in realistic applications offer guiding examples. 

What does MBA Statistics Graduates do?

Students can select the subjects of their choice depending on their interest in job prospects available in the specific field. Since graduates with an MBA Statistics degree possess skills in various subjects, there are career opportunities available in multiple fields for them. 

In addition, there are many responsibilities that graduates of this role have to undertake, which makes the role very dynamic and diverse.

Statistician: One of the popular roles undertaken by graduates of the MBA Statistics course is Statistician. Statisticians work with formulas and data to help solve problems in industry, academia, and government. They analyze data and apply mathematical and statistical techniques to help solve real-world problems.

Reasons Why MBA Statistics Can Fetch You a Rewarding Career?

MBA Statistics courses are a very reflective and exciting stream of education. Students can gauge the intrinsic worth of an MBA Statistics course because it offers more avenues of employment opportunities than any other stream. Thus, the MBA Statistics job scope is forever widening and appealing.

Diversity in Job roles: There is a diverse range of job roles available for the graduates of this course. Since the specializations available to the students are very flexible, it enables the students to pursue a wide range of roles in their careers.

Read More: MBA Statistics Jobs and Scope

MBA Statistics Course Comparison

MBA Statistics stands for Master of Business Administration in Statistics and is typically catered to students interested in and inclined towards research-based degrees and professional application. Here is course comparisons of MBA Statistics with another course:

MBA Statistics vs MBA Agronomy

Here is the difference between MBA Statistics and MBA Agronomy :

Preparation Tips for MBA Statistics Course

There are many tips that students must note when deciding to pursue an MBA Statistics degree. Some important preparation tips are listed below to ensure that the students crack the course and pass the exams without any hurdles. 

Improve Vocabulary: Improving vocabulary is very necessary as the MBA Statistics course deals with many writing and reading activities. So having excellent communication and writing skills are a plus for the student studying the MBA Statistics course.

Read and Practice More: Being up to date with the syllabus every day is very important. Practising and reading more will help the student be thorough with the syllabus and do well in the exams.

Have Intrinsic Knowledge and Interest in Subjects: Having intrinsic knowledge about the subject and having the same interest will keep the student motivated to learn more than what's in the syllabus.

Revise Methodically: Revising from time to time can be a key to scoring well in the final exam. Keep revising regularly and understand the subject properly. Revision is the key to scoring good marks.

Scope For Higher Education

Students can pursue many specializations under M.Sc Applied Mathematics. There are also many higher study options available for graduate students after a M.Sc Applied Mathematics degree, which can help them better understand the subject. 

Also, gaining more education can help students pursue a career in research if they are interested in it. Listed below are some of the popular higher education options available for students:

• CA
• CFA
• CMA
• M.Phil

Salary of a MBA Statistics Graduate

The salary depends on the kind of job you get/you choose to do, what your MBA Statistics research area is and where you are employed.No prior experience is required to be an MBA Statistics Student. The average Salary of an MBA Statistics graduate starts from INR 3 - INR 8 LPA (Source: Payscale), depending on the stream you belong from.

Read More: MBA Statistics Salary

Career Options After MBA Statistics

A MBA Statistics degree is pursued by a majority of students because it offers better career options, for example, in the field of academics and research. MBA Statistics in itself is a broad term, it has many specializations that have different career options and jobs. MBA Statistics Jobs include:

• Statisticians
• Mathematician
• Business Analyst
• Risk Analyst
• Professor
• Content Analyst
• Data Analyst
• Data Scientist
• Statistic Trainer
• Econometrician
• Consultant
• Biostatistician

Skills That Make You The Best MBA Statistics Graduates

For studying a course like MBA Statistics, there are so many skills that a student needs to have. The skills help the students to get a well-maintained dignity, respect, and so much attention. 

So, that’s why the students need to put their efforts to come out of their comfort zones and earn respect as much as possible. Some of these skills include:

• Academic Ability
• Accountability
• Persistence
• Good Communication Skills
• Time Management
• Open-mindedness and Curiosity to Learn Something New
• Passion
• Ability to Think

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