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.

MSc Statistics Course Details

Degree Masters
Full Form Master of Science in Statistics
Duration Course Duration of Master of Science [M.Sc] (Statistics) is 2 Years.
Age No age limit
Minimum Percentage 50-55%
Average Fees Incurred INR 5,000-65,000 PA
Average Salary Offered 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
Placement Opportunities 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

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: 

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.

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: 

  • CSIR NET
  • BHU PET
  • JNU
  • ISI

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: 

M.Sc Statistics Colleges

SI.No

List of Colleges

1

NIMS University [NIMSU], Jaipur

2

Hindu College, Delhi University

3

Madras Christian College [MCC], Chennai

4

Loyola College, Chennai

5

Sri Venkateswara College, Delhi

6

Ramjas College, Delhi University

7

Aligarph Muslim University [AMU], Aligarh

8

The Oxford College of Science, Bangalore

9

MIT World Peace University [MIT-WPU], Pune

10

Alva’s College, Moodbidri

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: 

M.Sc Statistics Course Fees

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

6

NIMS University, Jaipur

INR 60,000 PA

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: 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. Careers for graduates of the M.Sc Statistics program include Statistician, Investment Analyst, Arithmetician, Cost Estimator, Online Tutor, Service Estimator, Subject Matter Expert, Assistant Professor, and Statistical Investigator. 

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. The banking sector and insurance companies value M.Sc Statistics courses.  

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: M.Sc Statistics Job Opportunities & Scope

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.Phil
  • PhD

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.

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

See Various Master of Science [M.Sc] (Statistics) Colleges in India

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