MSc Statistics is a useful course that provides you with an in-depth understanding in analysing data, modelling real life situations into statistical models and critically interpreting them. The line of study concerns with collection of data samples, designing of surveys and conducting experiments. Such knowledge can be utilised in a variety of fields including social sciences, finance, banking, insurance, economics and weather forecasting, i.e. wherever data collection and their analysis plays a key role. For grooming up into a successful statistician you will need a strong background in mathematics, especially in topics like algebra, distribution theory, numerical analysis, calculus and probability.
Eligibility and course duration
An undergraduate degree in mathematics, statistics or mathematics with computer applications. Other similar degrees from a recognized university are eligible too. The admission process may vary from institute to institute. A few may conduct entrance tests or may give importance to marks scored in graduation.
Duration of the course is mostly 2 years.
More about the course
Statistics, a branch of mathematics, plays an important role in many aspects of our lives, be it a scientific, social or an industrial issue. It helps in solving many of the problems associated with the above. The MSc Statistics course helps in strengthening your interest in the statistical sciences, in dealing with data, its collection, analysing and interpreting. You gain expertise in organizing the data and presenting them for effective implementation and solution. It has got a lot to do with survey sampling and experiment studies that make it a lot easier to collect data and analyse them. Collecting census data is an example in this regard. Few of the topics that who will be mastering through this course are descriptive statistics, mean, standard deviation, inferential statistics, dispersion, probability theory and a little bit of computer programming too.
Job prospects in statistics
The field of statistics is finding increasing applications in numerous areas such as social sciences, government sector, businesses, financial institutions, census bureaus, human rights organization, NGOs and so on. A few other sectors that you can find employment as a professional statistician are market research, actuaries, forensic department, environment, medical, pharmaceutical, education and sports. The IT sector too provides for some good opportunities as statistical programmers. It's an effective field for those who have great skills in handling numbers and data. They also have the opportunity to pursue programs like M.Phil and PhD after the MSc program.
M.Sc Statistics Admissions for 2023 - 2024 Academic Year
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