B.Stat (Bachelor of Statistics) - Eligibility, Admission, Subjects, Salary, Scope
What is Bachelor of Statistics?
B.Statistics is also known as a bachelor of statistics. The program is designed for students of commerce. B. Statistics cover the skills required in the commercial field. It involves the study of major subjects such as actuarial science, applied information, economics, business statistics, biostatistics, demography and data analysis, econometrics, energy statistics, engineering statistics, social statistics, psychological statistics, and other related subjects.
We have listed here the mainstream subjects of the B.Statistics programme. It will give you an idea of what you will study after getting enrolled in the programme.
Sampling and databases
Advantages of Bachelor of Statistics
Some of the most important reasons to study statistics are:
Research- After studying B.Stat an individual is aware of several tools and methods which can help in conducting a better research.
Evaluation- Once a student is aware of several tools and methods he or she can also evaluate the research or journals.
Critical Thinking- A B.Stat degree can help an individual realise the importance of critical thinking. It can lead him or her to apply it while doing research.
Informed Consumer- A B.Stat degree will help you in becoming an informed consumer as several people manipulate data and try to change the statistics in their favour. Being aware of the tools will help an individual in becoming an informed consumer.
Types of B.Stat
A bachelor of statistics or B.Statistics is an undergraduate-level academic program. The program is designed for commerce scholars. It focuses on the collection, analysis, interpretation, organization, and presentation of categorical and numerical data.
The candidates are required to pass 10+2 either in maths or statistics.
The admission is provided on the basis of merit. The higher the percentage of marks students would score in 10+2 with maths, the higher will be the chances of acquiring a seat in prestigious colleges.
The students are required to fulfill minimum eligibility that is passing 10+2 in maths or statistics with an aggregate of 55 percent of marks or equivalent to it.
Some universities conduct entrance examinations to provide admissions. The students are required to apply for entrance examinations through the official website of institutions, colleges, and universities.
Top B.Stat Exams
Students who wish to enroll in the B.Statistics are required to give entrance examination. Admissions are provided on the basis of the evaluation of students’ performance in the examination. Some of the popular examinations to enroll in the program are listed below:
Aligarh Muslim University, Department of Statistics and Operations Research Entrance Exam
There are various specialisations in statistics. We have described several popular specialisations of statistics.
Descriptive Statistics: Descriptive Statistics is the branch that deals with the representation of data through numbers such as numerical calculations, graphs or tables. It allows the simpler interpretation of given data.
Inferential Statistics: Inferential statistics is the branch of statistics that deals with making inferences based upon the relation of the sample to that of the population.
Inferential Statistics help us to determine that the data is strong enough to support the hypothesis.
Predictive Analytics: Predictive Analytics is the branch of statistics that depends on historical data for the outcomes. Predictive analytics involves the use of statistical techniques such as predictive modeling, data mining and machine learning to predict future trends on the basis of past and present data analysis.
Econometrics: Econometrics is the branch of statistics that deals with the application of statistical techniques to economic data. It is done to find empirical content to economic relationships. Econometrics is the quantitative analysis of economic phenomena that is based on the theory and observation of concurrent development.
Survey Statistics: The study of samples of individual units derived from a population with the application of statistical approaches of human research surveys and survey methodologies is known as survey statistics. It involves the techniques of survey data collection, methods of improving number and accuracy of responses, and questionnaire construction.
The students who have completed 10+2 with maths or statistics with an aggregate of 50 percent of marks or equivalent to it can opt for an undergraduate pogramme in statistics. We have listed the undergraduate level programmes in statistics that candidates can consider after 10+2.
Bachelor of Arts (BA) in Statistics: A bachelor of arts in statistics is an undergraduate academic program. The program is designed to teach students the application of basic mathematics’ principles to research, survey data and gather insights from business data. It involves the organization, analysis, interpretation, collection of science, and presentation of numerical and categorical data.
Bachelor of Statistics: The program aims at teaching the students fundamentals of probability and statistical inferences that involve hypothesis testing’s estimation, design of experiments, regression, time series analysis, and sampling techniques. The program majorly focuses on business applications such as marketing surveys, decision making, forecasting financial and economic indicators.
Bachelor of Science in Statistics: The program is aimed at providing students a complete knowledge of principles and techniques of data management and statistics. The program is designed with statistical concepts and principles as per the global standard.21
Top Institutes for Bachelor of Statistics
Syllabus of B.Statistics
Here is the semester wise syllabus of B.Statistics. The Indian Statistical Institute follows the curriculum of the syllabus given below:
Syllabus for semesters 1 and 2
Analysis I (C)
Analysis II (C)
Probability Theory I (C)
Probability Theory II (C)
Vector and Matrices I (C)
Vector and Matrices II (C)
Statistical Methods I (C)
Statistical Methods II (C)
Introduction to Programming and Data Structures
Numerical Analysis Remedial English
Syllabus for semesters 3 and 4
Analysis III (C)
Introduction to Stochastic Processes
Probability Theory III (C)
Statistical Methods III (C)
Statistical Methods IV (C)
Elements of Algebraic Structures
Elective Course I
Elective Course II
Syllabus for semesters 5 and 6
Linear Statistical Models (C)
Nonparametric and Sequential Methods (C)
Parametric Inference (C)
Design of Experiments (C)
Sample Surveys (C)
Statistics Comprehensive (C)
Economic and Official Statistics and Demography
Statistical Quality Control and Operations Research
Design and Analysis of Algorithms
Salary of Bachelor of Statistics
The candidates graduated from B.Statistics or bachelor of statistics program bags an average salary of Rs.2,50,000 to Rs.3,50,000 per annum. After an experience of a few years, the average salary extends up to Rs.4,50,000 per annum. The average salary of a statistician is Rs 4,20,000 per annum.
Scope of Bachelor of Statistics
The statistics careers are booming with huge opportunities. The statistics is involved in various sectors of industry whether it is marketing, economics, biology, public health, medicines, sports or other related sectors. Statistics is also involved in the field that requires scientific research such as economics, demography, psychology, advertising and other related fields. The data scientist and business analyst are the most trending professions in the industry. The big data business and analytics industries have flourished. It is expected that there will be huge demand for researchers in the next few years.
Here, we have listed the possible options after B.Stats.
Government Sector: The Indian Statistical Service is one of the prestigious career paths for those who wish to be employed in the government sector. An ISS officer receives the same salary as an IAS officer. The candidates also employed as a research officer in Reserve Bank of India through Indian Statistical Service. The Statistical Officer or SO are employed in the States Public Service Commission through Indian Statistica Service. One can also pursue a teaching career.
Private Sector: The private sector has flourishing career opportunities. The corporate sector employs statisticians. The companies require the services of business analysts, risk analysts to predict the future of a project.
There is a huge scope in various fields. Statisticians are employed in the public health sector, healthcare facilities, and other fields related to economy, biology, and sports.
Statisticians also serve in the scientific research field that covers demography, psychology, and medicine.
Higher Studies: The students who wish to opt for higher studies can pursue either of the masters level statistics academic program i.e. M.Statistics, MA in Statistics or M.Sc. in Statistics. The Master’s level degree increases the chances to bag a higher salary.
Ph.D.: Those who wish to opt for an academic career should pursue a Ph.D. after completion of Masters in Statistics. A Ph.D. degree is considered of higher value.
Ph.D. degree holders work in a classroom setting in colleges, and universities. They teach students or research laboratories.
Careers Opportunities after B.Stat
Statisticians: Statisticians are professionals who apply statistical theories and methods to collect, analyze and interpret quantitative data. Statisticians are employed in the government sector as well as in the private sector. They work for companies involve in the business of research, public opinion, data analysis. Statisticians also work in the academic field as a professor in colleges, and universities.
Business Analyst: Business analysts work closely with business leaders and users. They guide business leaders that how data-driven changes will impact the process, products, and services of the organization. They bring the ideas on the table that how technical developments will boost efficiency.
Mathematician: A mathematician is a professional who implements advanced mathematical principles to solve mathematical problems of the real world. A mathematician develops new rules, theories or concepts by expanding knowledge of algebras, geometry and mathematics concepts,
Professor: A professor is employed in colleges, institutes, and universities. He works in a classroom setting and teaches mathematics or statistics and related subjects.
Risk Analyst: Risk Analysts apply their analytical skills to predict potential losses. Risk analysts examine the investment portfolios of a firm and analyze the possible risks in the investment. They recommend investment strategies to limit risk.
Data Analyst: Data analysts collect data for companies. They validate, transform, modify, and present data, They come up with conclusions based on data analysis for companies they are working with.
Financial Accountant: Financial Accountants are responsible for the supervision of the accounting and financial activities of a company.
Frequently Asked Question (FAQs) - B.Stat (Bachelor of Statistics) - Eligibility, Admission, Subjects, Salary, Scope
Question: How much salary is offered to a freshly graduate of B.Statistics?
B.Stats graduate without any experience in the field bags an average salary of Rs.2,50,000 - Rs.3,50,000 per annum.
Question: Is there any difference between B.Stats and B.Maths?
B.Stats and B.Maths are two different undergraduate academic programs. B.Stats program is more related to the study of economics. While B.Maths has its specific focus on the study of Maths.
Question: I have completed 10+2 in physics-chemistry-maths. Am I eligible for pursuing B.Stats?
Yes, you are eligible for pursuing B.Stats. The minimum eligibility is to complete 10+2 in maths with an aggregate of 50 percent of marks or equivalent to it.
Question: What is the average salary of a data scientist?
The average salary of a data scientist in India is Rs.1,048,643, according to Glassdoor.
Question: What is it cost to pursue B.Statistics from Indian Statistical Institute?
The institute does not charge a fee for any academic programme. Only the deserving students get the opportunity to enroll in the academic programme offered in Indian Statistical Institute. The students of bachelor of statistics programme receive a monthly stipend of Rs.3000 and yearly contingency grant of Rs.3000.
Question: What is the maximum age limit to pursue a bachelor of statistics?
There is no maximum age limit criteria applied for bachelor of statistics. The minimum age must be 18 years during the time of admission.
Question: What is the average salary of a data analyst?
Data analyst is a mid level role. The average salary of a data analyst in India is Rs.413,234.