IGNOU Delhi
- Fees: ₹ 7,600
Statistics
Degrees offered: B.A., B.A.(Hons), B.Com, B.Com(Hons), B.Sc M.Sc, B.Sc., B.Sc.(Hons)
What is Statistics
The world that we live in makes important arguments, decisions and opinions based on the statistical numbers they receive. Statements are beginning to be considered as factual only if they have sufficient numbers to prove so. Hence there is an emerging need for statisticians. Moreover, there is a demand for dependable and reliable sources of data.
Statistics is a branch in mathematics that deals with collection, analysis and interpretation of data. The knowledge of statistics is applied in the fields of marketing, psychology, scientific research, economics, sociology, social sciences, public health and many others.
Statisticians are employed in various fields ranging from advertising, medicine, sports, social workers, corporate companies, banks, politicians to scientific research.
A course in statistics includes analysis, probability theory, learning statistical methods and database management systems. The main objectives of a statistician would be to procure data that is useful for various fields to be able to make predictions based on the obtained data.
Eligibility Criteria (UG & PG) of Statistics
For Undergraduate:
The candidates need to have completed 12th with at least 50% in all subjects from a recognised school; the cut off mark would differ in respect to different colleges.
The student must complete 12th with Mathematics as a core subject.
For Postgraduate:
Completion of Bachelors in Statistics or Mathematics or Mathematics with Computer Applications along with Statistics is mandatory
One cannot pursue a degree in statistics from any other field.
The minimum aggregate score of 50-60% at the level of graduation is required for admission into this program.
The cut off varies from each college.
Entrance Exams for Statistics
To get into universities, students must write an entrance exam that would be conducted by the respective colleges. The most popular entrance exams have been mentioned below; there is no national exam for statistics in particular.
They are conducted by the respective prestigious institutions. Other colleges would have their entrance exams; these are the most sought-after entrance tests for the course.
BHU UET: It is an undergraduate entrance test at Banaras Hindu University.
IISER IAT: is conducted by Indian Institutes of Science Education and Research.
DSAT: It is conducted by Dayanand Sagar University for admission into various UG and PG courses.
SUAT: This is the entrance exam conducted by Sharda University for both UG and PG.
CSIR NET: It is an entrance examination conducted by the National Testing Agency. It is a national level exam.
JNU Entrance Exam: It is conducted by Jawaharlal Nehru University for admission into the Master’s in Statistics program.
ISI Entrance Exam: It is conducted by ISI Calcutta to enroll students into their statistics course.
Scope of Statistics in India and Abroad
There is a lot of scope in the subject. The knowledge of statistics is useful in every field. Hence, specializations also have a wide scope. Being of use to varied fields, the scope for a career in statistics is huge. The government sector is the largest employer in this field. You could be a part of the administrative services, economic services, and policy making fields, the statistical organizations and planning commissions.
Statistics have come to the spotlight ever since the pandemic broke out, we see how data and numbers are used every day to bring out policies and manage the entire nation. We see how crucial statistics has become for the entire world. Incorrect data collection, analysis and management could cause the entire nation and world to collapse, that’s how important statistics has become in the present world.
Having a career in statistics outside India is more advantageous. Mainly because research is one of the main job profiles in this field, research in India is still in the developing phase, and the payment scales do not complement the workload. Moreover, the job profiles are of a wider range and the employees have a higher pay scale.
Course Fees Statistics
| Minimum Fees | Maximum Fees | |||
|---|---|---|---|---|
| Private | Government | Private | Government | |
| UG |
2.89 K
B.Sc. in Statistics at Sri Sarada College for Women, Salem
|
1.95 K
B.Sc. in Statistics at Government Arts College, Salem
|
15.00 Lakhs
B.Sc. in Statistics at Alliance School of Liberal Arts, Bengaluru
|
10.58 Lakhs
Dual Degree in Statistics at Indian Institute of Technology Kharagpur
|
| PG |
3.79 K
M.Sc. in Statistics at Multanimal Modi College, Modinagar
|
1.09 K
M.Sc. in Statistics at Government Arts College, Salem
|
4.20 Lakhs
M.Sc. in Statistics at Symbiosis Statistical Institute, Pune
|
2.17 Lakhs
M.Sc. in Statistics at College of Veterinary and Animal Sciences, Mannuthy
|
| DOCTORAL |
45.60 K
Ph.D in Statistics at CBM College, Coimbatore
|
52.07 K
Ph.D in Statistics at University of Hyderabad, Hyderabad
|
6.75 Lakhs
Ph.D in Statistics at Rama Medical College Hospital and Research Centre, Kanpur
|
1.57 Lakhs
Ph.D in Statistics at Dr Shakuntala Misra National Rehabilitation University, Lucknow
|
| DIPLOMA |
24.00 K
M.Sc. in Statistics at Kalinga University, Raipur
|
3.00 K
M.Sc. in Statistics at Manonmaniam Sundaranar University, Tirunelveli
|
92.00 K
M.Sc. in Statistics at JECRC University, Jaipur
|
1.20 Lakhs
M.Sc. in Statistics at College of Veterinary and Animal Sciences, Wayanad
|
Course Subjects
- Calculus
The course teaches a lot of subjects, some of them are mentioned below:
· Calculus
· Algebra
· Probability and Statistical methods
· Applied statistics
· Real Analysis
· Survey Sampling
· Numerical Analysis
· Computer Programming in C
· Linear models
· Design of experiments
· Econometrics
· Biostatistics
Careers in Statistics
The knowledge of statistics is applied in the fields of marketing, psychology, scientific research, economics, sociology, social sciences, public health and many others. Statisticians are employed in various fields ranging from advertising, medicine, sports, social workers, corporate companies, banks, politicians to scientific research.
As mentioned above since Statistics is used in every field, it is easy to find jobs in any profile. It is important to complete your education from a recognized institution, as it will favour your employment.
Upcoming trends
With the ever-growing demand for statistical proof and analysis where qualitative and quantitative data both are imperative, the recruitment of statisticians thus has been seeing new growth. As there is a dependency on numbers, the job is growing in demand. Companies all over the world across a wide variety of industries have been going through what people are calling a digital transformation.
Businesses are taking traditional business processes and using digital technologies to make them easier and efficient. Statistics has become an integral part of those transformations. Instead of making decisions based on assumptions, and poor surveys they’re analysing large amounts of real data to base their decisions on real, data-driven facts.
Job Profiles and Top Recruiters
BNP Paribas Cognizant Genpact Goldman Sachs Group Inc. HDFC Bank Ltd. Tata Consultancy Services Ltd. Accenture Services Private LimitedJob Profile | Description |
Statisticians work with formulas and data to help solve problems in the industry, academia, and government. They analyse data and apply mathematical and statistical techniques to help solve real-world problems. | |
Consultant | Work with clients and other project team members to scope projects and write proposals describing how you would tackle a client problem |
Professor | You could become a professor and teach at various colleges and universities. |
Risk Analyst | Risk analysts examine a firm's investment portfolios, including overseas investments, and analyse the risk. They use their analytical skills to project potential losses and make recommendations to limit risk. |
The data analyst is responsible for the organization's data. The data provided by them is given to various stakeholders, who can then make decisions based on the data provided to them. | |
Business analysts use data analytics to assess, process, determine requirements. They then use this data to make important decisions. | |
Mathematician | Mathematicians use mathematical knowledge to solve real world problems. |
They identify the data-analytics problems that offer the greatest opportunities to the organization and determine the correct data sets and variables. |
Top Recruiters in Statistics Field
HDFC
Accenture
Cognizant
RBI
Neilson
Tata Consultancy Services Innovation labs
Blue Ocean Marketing
BNP Paribas
Goldman Sachs
Genpact
GE Capital
HP
Indian Market Research Bureau
Deloitte
Average Salary
Salaries in this field are usually less for freshers. They increase according to the experience and educational qualifications.
Job Profile | Salary |
Statistician | Rs. 5 lakhs p.a. (Approx.) |
Consultant | Rs. 11 lakhs p.a. (Approx.) |
Professor | Rs. 60,000 p.a. (Approx.) |
Risk Analyst | Rs. 12 lakhs p.a. (Approx.) |
Data Analyst | Rs. 6 lakhs p.a. (Approx.) |
Business Analyst | Rs. 7 lakhs p.a. (Approx.) |
Mathematician | Rs. 10 lakhs p.a. (Approx.) |
Data Scientist | Rs. 7 lakhs p.a.(Approx.) |
Biostatistician | Rs. 8 lakhs p.a. (Approx.) |
Required Skillset for Statistics
Some of the basic skill sets required are mentioned below:
Mathematical skills - The whole field revolves around mathematics. Thus prior knowledge and practice is recommended.
Logical reasoning - One must develop their logical reasoning as it helps you reason through important decisions and solve problems.
Statistical knowledge - As a student or aspirant in this field, it is a prerequisite that you have great knowledge about statistical models.
Ability to think on their feet - Text-book knowledge is insufficient in this field. One must be quick and should be able to think fast.
Communication skills - Communication skills are very important. You need to be good at making conversations.
Extreme analytical skills - Being a statistician requires you to have an analytical eye with your data.
Besides that, one must have an impeccable hold on their written and oral skills and should have the ability to solve problems efficiently, and should have the skill to convert data to layman terms.
Course Curriculum for Statistics
The course involves collection and analysis of data. Conducting surveys and accessing data. Applying mathematical and statistical knowledge to solve practical problems and interpret and present the data.
Through this course, students will be able to understand, learn and use knowledge of statistics and mathematics for a successful career in risk assessment and management.
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Frequently Asked Questions (FAQs)
Question: Which degree is more beneficial to B.Sc. or B.A. in Statistics?
Answer :
Both are equally helpful, but the B.sc degree is more flexible. Even during recruiting B.sc degree is preferred in comparison to B.A. That does not imply that B. A is not a good degree, But B.sc offers a lot more exposure and variety in terms of job profiles.
Question: Is research the only option when it comes to Statistics?
Answer :
This is a wrong notion. Statistics field employs people into different job profiles; you can work in any required field of your choice. You could work with social sciences, you can get into the advertising field, you can teach. The opportunities are never-ending.
Question: Is it necessary to write the entrance exams?
Answer :
The entrance exams are the only way to get into the colleges. All Colleges will ask for your marks, and if you have the required marks you are allowed to write the entrance exams. The entrance exams vary from college to college, but the main syllabus remains the same.
Question: Can I take up statistics if I haven’t taken maths in my 11th and 12th?
Answer :
Unfortunately, that is not possible. Having a background in mathematics is extremely important. Without prior knowledge, it will be extremely difficult to get through the course. Hence you must have a background in Mathematics.
Question: What are the fields of employment?
Answer :
National Economy
Business
Banking
Medical Science
Psychology
Question: What are the top colleges for this course in India?
Answer :
Indian Statistical Institute, Kolkata
St. Stephen’s College, Delhi
St, Xavier’s, Mumbai
St. Xavier’s, Kolkata
Hans raj College, Delhi
Hindu College, Delhi
Lady Shri Ram College, Delhi
Rajas College, Delhi
Kirori Mal College, Delhi
Indian Institute of Technology, Varanasi
Madras Christian College, Chennai
Loyola College, Chennai
Question: What are the top universities for the course outside India?
Answer :
Stanford University
Harvard university
University of California
Georgia Institute of Technology
Massachusetts Institute of technology
University of Cambridge
University of Oxford
Princeton University
Columbia University
Question: Why should I choose a career in Statistics?
Answer :
Like Mathematics, Statistics is everywhere. Everything we do requires numbers and data. The whole world functions on data. Accurate data collection, analysis and interpretation are essential for public policy planning. Be it science, Commerce or Humanity fields, statistics is essential for learning of the subjects.
We see a rising need for accurate and reliable data. The present world functions on these numbers. Be it the efficiency of a leader, or a machine or a vaccine, every single thing is assessed with the help of statistics.
Hence, we need a lot more people in these fields, it is one of the emerging and most crucial careers of all times.
Question: Will a career in statistics be boring?
Answer :
As long as you have a keen interest with numbers, this job would be perfectly suitable. This is one of those careers that will not be monotonous. As time and place and situations change, the complexity of the data changes.
Moreover, it always keeps you on your feet and makes your brain work. This will keep you interested in the job. It’s more like solving puzzles and brain teasers; they will keep you hooked on forever.
Question: How important is Statistics?
Answer :
It’s as simple as this; the world will not function without statisticians. For any field to operate, you need the required data and research, which is provided by the statisticians. If you want to choose a career that will never go extinct, this is your choice. Even as other careers change, evolve and some reach the verge of extinction, this career of playing with numbers will never fade away.
Questions related to Statistics
Showing 511 out of 511 Questions
17 Views
I am 12 th commerce student I have taken statistics as my optional subject. is it ok to take bca as my degree?
25th Jun, 2022
Hey aspirant,
Yes of course. You can pursue BCA after 12th commerce as the eligibility for bca course clearly states that anyone from arts/ commerce or science is eligible for this course. In fact your knowledge of statistics will also help you in some aspects with computer application. I’ll also attach a link below for more information. Hope this helps all the best!
Answer later 5 Views
Bsc Statistics collages in India with high qualification
24th Jun, 2022
Hello Christina,
According to your query, BSc. Statistics of duration three years and eligibility of 10+2 equivalent has several colleges in India.
Here is the list of some of the top colleges for pursuing this course:
1. Aligarh Muslim University, Aligarh.
2. Hindu College, University of Delhi.
3. Indian Statistical Institute, Kolkata.
4. Kirori Mal College, University of Delhi.
5. Ramjas College, University of Delhi.
6. Sri. Venkateshwara College, University of Delhi.
7. Loyola College, Chennai.
8. St. Xavier's College, Ahmedabad.
9. Khalsa College Mumbai.
10. Government Arts College, Coimbatore.
However, you can always visit the official website of these colleges to check the kind and quality of facilities and education they provide so that you can make an informed decision.
All the best :)
Hope this answer helps!!
Feel free to ask more :)
5 Views
details about campus placement for B.Sc statistics
22nd Jun, 2022
Hello aspirant,
Here you have not mentioned about which college you are talking about so I can not give you the accurate answer as campus placement for bsc statistics or any other course differs from college to college. In some college you will get the best opportunities on your career regard and in some colleges it is not that much good. So i suggest you to reask your query with the name of college.
Thank you
Hope this information helps you.
5 Views
I have taken computer science, accountancy, business studies, statistics. Can i become Ca and b.com graduate? Or economics is compulsory?
27th Jun, 2022
For becoming a CA none of the subjects are compulsory. Even student sfrom a science background opt for doing CA later in their life. Therefore you can surely do CA without having economics.
Also, for doing b.com (//b.com) in most of the colleges maths is compulsory but that for b.com (//b.com) hons. .Since you do not have Maths so you can opt for b.com (//b.com) programme instead of hons. Again , for b.com (//b.com) economics is not a compulsory subjevt
Thanks
7 Views
am preparing for Appgcet In M.Sc Statistics can you please provide me previous years questions and answers
22nd Jun, 2022
Hello aspirant,
Hope you are doing absolutely great.
So with regard to your query, the sample papers and question papers for the AP PGCET are available online. Yogi Vemana University, Kadapa is the only university which will publish the sample and previous year question papers every year for the APPGCET entrance exam. Checkout the following link for downloading the papers online: https://university.careers360.com/articles/appgcet-question-papers
Hope this helps you!!
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