M.Sc Statistics Jobs, Scope, Salary in India 2024

Updated on - Jan 4, 2023

The M.Sc Statistics jobs can be found in a wide range of public and private companies. There are a variety of M.Sc statistics job opportunities available Statistician, Investment Analyst, Arithmetician, Cost Estimator, Online Tutor, Service Estimator.

Career Prospects and Job Scope for M.Sc Statistics Course

The M.Sc Statistics course prepares students for a career in the banking and manufacturing sectors. The statistics industry in India is expected to grow rapidly over the next few years. Graduates of the M.Sc Statistics program acquire skills and qualifications necessary for a career in banking and insurance.

Students who complete India’s M.Sc Statistics course can choose from a variety of careers. M.Sc Statistics graduates can choose from a wide variety of careers. The following are the M.Sc Statistics freshers jobs:

Consultant
Statistical Trainer
Content Analyst
Data Scientist
Data Analyst
Risk Analyst
Professor
Mathematician
Business Analyst
Statistician

Areas of Recruitment for M.Sc Statistics Course

Students who finish the Master's program in Statistics find lucrative careers in India. The jobs for M.Sc Statistics freshers can find employment as a Statistician, Investment Analyst, Arithmetician, Cost Estimator, Online Tutor, Service Estimator, Subject Matter Expert, Assistant Professor, and Statistical Investigator.

These are some of the areas where graduates can find job vacancies for M.Sc Statistics:

Indian Statistical Services
Insurance Industries
Agricultural Research
Banks
Demographic Studies
Indian Economic Services
Statistical & Economic Bureaus
Planning Commission
Civil Services
Research
Manufacturing Sector

Salary Packages for M.Sc Statistics Course

According to PayScale, the salaries of M.Sc Statistics jobs in India range from INR 3-7 LPA. The salary of a statistician is determined by education and experience. These are the jobs after the M.Sc Statistics course starting salaries in India:

Job Roles	Average Annual Salary
Statistician	INR 5.18 LPA
Investment Analyst	INR 6.51 LPA
Arithmetician	INR 9.79 LPA
Cost Estimator	INR 4.50 LPA
Online Tutor	INR 2.26 LPA

Source: PayScale

Government Jobs for M.Sc Statistics Graduates

Applicants for M.Sc Statistics government jobs undergo a test and interview. The average salary for an M.Sc Statistics in India is INR 2-10 LPA (Source: Ambitionbox). The government offers a number of employment opportunities through government jobs and public-interest organizations.

Here is a list of careers after M.Sc Statistics with salary details:

Job Roles	Average Annual Salary
Research Officer	INR 11.8 LPA
Statistical Officer	INR 5.8 LPA
Assistant Professor	INR 4.2 LPA
Analytic Consultant	INR 15.9 LPA
Data Analyst	INR 3.2 LPA

Source: Ambitionbox

Private Jobs for M.Sc Statistics Graduates

In India, the average salary for an M.Sc Statistics graduate ranges from INR 2-5 LPA (Source: Glassdoor). The following positions are available to freshers in India with an M.Sc Statistics:

Job Roles	Average Annual Salary
Statistical Investigator	INR 2.75 LPA
Assistant Professor	INR 4.80 LPA
Subject Matter Expert	INR 4.64 LPA
Service Estimator	INR 4.80 LPA
Online Tutor	INR 2.26 LPA

Source: Glassdoor

Job Opportunities Abroad for M.Sc Statistics Graduates

Students with an M.Sc in Statistics can find employment abroad. Despite the attractive salary of the M.Sc Statistics jobs, most students are unable to apply their skills and knowledge to employment abroad. Graduates can often find jobs abroad in the best banking and insurance sectors. A graduate student working in the private sector gains valuable experience and skills that can be applied to a career abroad after graduation.

Top Companies

These top companies hire graduates with a M.Sc Statistics:

Deloitte Consulting
TCS Innovations Labs
Nielsen Company
Blue Ocean Marketing
Accenture
HP
GE Capital
BNP Paribas India
HDFC
Cognizant
RBI
HSBC
American Express
Indian Market Research Bureau
Genpact

Best Countries

Following are some of the best countries to work in if students graduate with a M.Sc Statistics:

US
Europe
UK
China
Canada
Germany
USA
Switzerland
Norway
Australia

Various Career Designations Abroad for M.Sc Statistics Graduates

For graduates of the M.Sc Statistics program, the following positions are available abroad:

Subject Matter Expert
Statistical Investigator
Assistant Professor
Online Tutor
Service Estimator
SAS Programmer
Pricing Analyst
Investment Analyst
Econometrician
Biostatistician

Best M.Sc Statistics Graduates

Graduates of the M.Sc Statistics program have a wide range of career options. Students who hope to become data analysts can benefit from postgraduate courses in statistics.The following are some of the best graduates of the M.Sc Statistics program: