M.Sc Statistics
M.Sc Statistics is a two-year course that deals with the study of the collection, organization, and interpretation of data. Master of Science in Statistics in India prepares students for rewarding careers such as Statistician, Investment Analyst, Arithmetician, Cost Estimator, Online Tutor, Service Estimator, Subject Matter Expert, Assistant Professor, and Statistical Investigator.
M.Sc Statistics Course Details
| Degree | Masters |
| Full Form | Master of Science in Statistics |
| Duration | 2 Years |
| Age | No age limit |
| Minimum Percentage | 50-55% |
| Average Fees | ₹5K - 65K PA |
| Average Salary | INR 3-7 LPA (Source: PayScale) |
| Employment Roles | Data Scientist, Data Analyst, Statistician, Analytics Consultant, Biostatistician, Senior Business Analyst, SAS Programmer, Statistical Analyst, Analytics Manager, Senior Statistician etc |
| Top Recruiters | Tata Consultancy Services Limited, Fractal Analytics, Genpact, Sciformix, Quartesian, Accenture, Synchrony Financial, Cerner Corporation, The Nielsen Company, Novartis, General Electric Co (GE) etc |
About M.Sc Statistics Course
The specialization falls under the umbrella of M.Sc. M.Sc Statistics course durations two years long. According to Wikipedia, “The discipline of statistics is concerned with collecting, organizing, analyzing, interpreting, and presenting data. Statisticians typically build models or statistics populations to study scientific, industrial, or social problems.”
A semester-based curriculum is included as part of the Master of Science in Statistics program. The M.Sc in Statistics in India offers both a theoretical and practical approach to matrix algebra and numerical analysis.
Table of Contents:
- M.Sc Statistics Eligibility Criteria
- M.Sc Statistics Admission Process
- Popular M.Sc Statistics Entrance Exams
- Top M.Sc Statistics Colleges
- M.Sc Statistics Fees Structure
- M.Sc Statistics Syllabus and Subjects
- Why choose M.Sc Statistics?
- Preparation Tips for M.Sc statistics
- Scope of Higher Education for M.Sc statistics
- M.Sc statistics Salary
- M.Sc statistics Career Options
- Skills to Excel
Eligibility Criteria for M.Sc Statistics Course
For admission to the course, students must meet the M.Sc Statistics eligibility requirements set by the university/college offering the course. M.Sc in Statistics eligibility states that students must have achieved at least 55% at the undergraduate level in order to qualify. Applicants interested in an M.Sc Statistics course have no specific age limit. The M.Sc Statistics course also requires students to pass a college-level entrance exam or a national-level entrance exam.
How to Get Admission in a M.Sc Statistics Course?
Admission applications may be submitted either online or offline. A Master of Science in Statistics can be earned at universities that offer this degree. Students must pass entrance exams in order to get into the M.Sc Statistics best colleges in India. Applicants can apply directly through the university website or campus. Following are the general elements of the admission process:
How to Apply for a M.Sc Statistics Course?
A student may submit an application form as well as apply online or in person. For offline applicants, filling out an application form, visiting the campus, and completing a brochure is required. Students are required to submit an online application form along with scanned documents. After students have submitted their online applications, they must pay a course fee.
Selection Process
The selection process of the final list of candidates is done on the basis of the marks obtained by them in the entrance examination and their UG. Based on the overall marks obtained by the students, the eligible candidates are offered admission to the program.
Popular Entrance Exams for M.Sc Statistics
Some colleges and universities offer a Master's in Statistics degree, depending on their admission requirements. Master Courses in Statistics are available at the best colleges and universities in India. Students may need to take tests to get into the program.
Below are some of the most widely accepted entrance exams for M.Sc Statistics:
A Quick Glance at the M.Sc Statistics Entrance Exams
The test pattern and syllabus of the M.Sc Statistics entrance exam are crucial to students who intend to apply. The entrance exams will be easier to pass for students. The format of entrance exams is usually as follows:
- There are 120 questions on the paper.
- The type of questions are Multiple Choice Questions [MCQs]
- The test has a time limit of 3 hours.
- For incorrect answers, one-fourth of the mark is deducted.
Top 10 M.Sc Statistics Course Colleges in India
Master of Science in Statistics colleges across the country offer these courses. The best colleges for M.Sc Statistics in India students study both numerical analysis and matrix algebra during their course. Students at M.Sc Statistics colleges in India are prepared for success in their fields. The following are the top 10 colleges for M.Sc Statistics in India:
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Fee Structure for M.Sc Statistics
M.Sc Statistics course fees in India vary according to the facilities and infrastructure available. In India, M.Sc statistics fees range between 5,000-60,000 PA. For colleges in India offering the M.Sc Statistics program, the following are the fees:
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SI.No |
Name of the Institute |
Average Annual Fees |
|
1 |
Hindu College, New Delhi |
INR 19,710 PA |
|
2 |
Christ University, Bangalore |
INR 65,000 PA |
|
3 |
Ramjas College, New Delhi |
INR 11,283 PA |
|
4 |
Aligarh Muslim University, Aligarh |
INR 8,980 PA |
|
5 |
The Oxford College of Science, Bangalore |
INR 40,000 PA |
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6 |
NIMS University, Jaipur |
INR 60,000 PA |
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7 |
Madras Christian College, Chennai |
INR 17,332 PA |
|
8 |
Loyola College, Chennai |
INR 5,953 PA |
|
9 |
Sri Venkateswara College, Delhi |
INR 12,033 PA |
|
10 |
MIT World Peace University, Pune |
INR 70,000 PA |
Syllabus and Subjects for M.Sc Statistics
The Master of Science in Statistics program teaches students statistical techniques. In addition to core and elective subjects, students can choose from environmental studies, econometrics and economic statistics, multivariate analysis, time series analysis, design of experiments, and ancillary mathematics.
The following subjects will be covered in the M.Sc Statistics course:
- Distribution Theory
- Measure Theory and Probability
- Matrix Algebra and Numerical Analysis
- Computer Programming
- Ancillary Mathematics
- Inference
Read More About M.Sc Statistics Syllabus & Subjects
Why Choose the M.Sc Statistics Course?
M.Sc Statistics students often wonder about the details of the program. When students are looking for careers, they often wonder, “What is a M.Sc Statistics course?” and “Why choose the M.Sc Statistics course?.” Following are some pointers to help answer these questions:
What M.Sc Statistics Course is All About?
M.Sc Statistics course duration is two years long postgraduate courses. M.Sc Statistics full form is Master of Science in Statistics. The M.Sc Statistics course type offers an in-depth study of statistics through classroom study and hands-on practice. The M.Sc Statistics course details are designed for students interested in entering statistics, becoming self-employed, or improving India’s socio-economic balance.
What Does a M.Sc Statistics Graduate Do?
Students completing the M.Sc Statistics can find employment in both the private and public sectors. Students who earn an M.Sc in Statistics can apply the knowledge they gain at work to perform better at work.
Statistician: Statistical researchers collect data from members of a particular group of people for most surveys and polls. To collect data in a survey or poll, statisticians determine the type and size of the sample. Statistics and mathematicians identify patterns and trends in data by analyzing it.
Reasons Why M.Sc Statistics Course Can Fetch You a Rewarding Career?
The M.Sc Statistics program in India opens doors for a variety of careers in the manufacturing sector, research centers, pharmaceutical companies, educational institutes, public sector, scientific research organizations, research organizations, banking sector, market research companies, and insurance companies.
Career Scope and Options: M.Sc Statistics will most likely lead to a career in research and development in rapidly evolving fields such as statistics. Increasingly diversified skills become more valuable as technology advances.
Read More About M.Sc Statistics Jobs
Preparation Tips for M.Sc Statistics Course
M.Sc Statistics students should prepare well before enrolling in the program. Following are some tips for students considering a M.Sc Statistics:
Planning A Study Course: Creating a study course plan helps students balance their studies and personal lives.
Exam Paper Pattern And Syllabus Knowledge: The knowledge of the exam paper pattern and syllabus will help students have a successful exam.
Engage Fellow Students: Share your knowledge with fellow students to help them reduce exam stress.
Interact With Professors: Get insights into course topics by interacting with professors.
Practice Makes Perfect: Practicing numerical analysis and matrix algebra is essential to gaining a deeper understanding.
Journals: As the course includes many research-based studies, students can subscribe to a weekly journal to stay informed.
Scope for Higher Education
In addition to the Master of Science in Statistics program, students can pursue higher education, which gives them another opportunity to further their academic knowledge. Students can also pursue research or teaching careers through higher education. Students can take the following M.Sc Statistics courses following completion of their course:
M.Sc Statistics Course Salary in India
Students with an M.Sc Statistics can expect to earn INR 3-7 LPA (Source: PayScale). The starting salary for students studying M.Sc Statistics is determined by their progress and skills. Due to technology, M.Sc Statistics programs are in higher demand. Banking and insurance fields pay well compared to other occupations.
Read More About M.Sc Statistics Salary
Career Options After M.Sc Nursing Course
M.Sc Statistics graduates have many career options to choose from. M.Sc Statistics can lead to many career paths, such as Statistician, Investment Analyst, Arithmetician, Cost Estimator, Online Tutor, Service Estimator, Subject Matter Expert, Assistant Professor, and Statistical Investigator.
The careers are available to Master holders with a degree in Statistics:
- Subject Matter Expert
- Statistical Investigator
- Assistant Professor
- Online Tutor
- Service Estimator
- Mathematician
- Business Analyst
- Statistician
Skills That Make You the Best M.Sc Nursing Graduate
M.Sc Statistics graduates should have both teamwork and collaborative skills. Students’ careers can be influenced by a wide range of computing skills that align with their interests. Students without a passion for learning must develop certain skills in order to advance in their careers.
Following are the skills students with an M.Sc Statistics should possess:
- Strong Mathematics Abilities
- Wide-Ranging Computer Skills
- Ability to Communicate Findings to Non-Statisticians
- Analytical Skills
- Problem-Solving Skills
- Industry Knowledge
- Teamwork and Collaborative Skills
- Technical Skills
Top M.Sc Statistics Colleges
Top Science Entrance Exams
Result Date: Mar 22, 2024
