MSc Statistics: Admission 2024, Fees, Syllabus, Entrance Exam, Scope

M.Sc Statistics is a postgraduate degree programme in the field of Science. The M.Sc Statistics course duration is two years and provides the students with advanced and practical knowledge on collection, organisation and interpretation of data. Msc Stats curriculum consists of both practical and theoretical teaching sessions to provide students with hands-on experience in the field of statistics. Msc Stats syllabus consists of different topics, such as probability theory, learning statistical methods and database management system, distribution theory, linear models, regression analysis and sample surveys.

Upon completion of the Statistics degree programme at postgraduate level graduates have a wide range of career opportunities available to them such as Statistician, Consultant, Professor, Risk Management Analyst, Data Analyst, Data Scientist and Business Analyst. MSc Stats course combines theoretical coursework along with research, enabling students to explore different technologies used in the field of statistics. In the following article, we will discuss M.Sc in Statistics course details such as subjects for M.Sc Stats, syllabus, salary in India for those with a degree in M.Sc in Statistics and its eligibility criteria.

Highlights- MSc Statistics

MSc Statistics Eligibility Criteria

Applicants who are keen on pursuing M.Sc in Statistics course must meet the eligibility criteria of the course. Every institution has its own eligibility criteria of MSc Stats which is detailed in their brochure or the official website. Candidates are advised to go through the eligibility requirements of the course before applying for the admissions.

The M.Sc in Statistics eligibility criteria are as follows:

• Candidates must have completed Bachelors in Statistics or Mathematics or Mathematics with Computer Applications along with Statistics.

• They must acheive a minimum aggregate score of 50-60 per cent at the level of graduation to be eligible for the admissions.

• The M.Sc Statistics cut off varies from one institution to another.

M.Sc Statistics Admission Procedure

The MSc Admissions can differ based on the university or the college. Some institutions may offer admissions on a first-come, first-served basis. Other colleges might grant admissions to the M.Sc in Statistics program based on merit or a cut-off score from an entrance examination.

• Candidates can apply for the admissions to the M.Sc admissions by visiting the official website of the chosen institution and or by directly applying for the entrance examination.

• There are various entrance examinations for getting admissions to the MSc Stats programme.

• Once candidates are shortlisted, they need to appear for the counselling process along with the group discussion and interview rounds which will vary depending on the chosen college.

• Applicants who are eligible should pay the course fees for the programme to get admissions.

Top M.Sc Statistics Entrance Examinations

DSAT: DSAT is conducted by Dayanand Sagar University for admissions to the UG and PG courses. DSAT is conducted in online mode and is a computer-based test.

SUAT: SUAT is conducted by Sharda University for both UG and PG programmes. Candidates are required to meet the eligibility criteria as prescribed by the institute. After the3 entrance exam, the result is released in Online Mode.

IIT JAM: Joint Admission Test or JAM is conducted by IIT Madras For admissions to the M.Sc course.Every year thousands of students appear for the JAM entrance exam.Candidates can apply for the IIT JAM entrance exam by visiting the official website of the institution.

Cutoff for Top Colleges

The M.Sc Statistics cutoff is a set of criteria that determines student’s admissions to the MSc Stats courses at their chosen college. Students scoring at or above the cutoff are offered admissions to their preferred institution. The cutoff for the MSc stats course depends on the entrance test, difficulty of the entrance examination and number of students applying for the entrance test.

M.Sc Statistics Skills Required

M.Sc Statistics Syllabus/ Subjects

The syllabus for M.Sc Stats courses may vary from one institution to another but the subjects remain largely the same for every institute. In the following table, we have mentioned the M.Sc Statistics syllabus for IIT Kanpur.

MSc Statistics Fees

The Msc Stats fee structure may differ based on the type of institutions, whether it is public or private. It is very crucial for the students to verify the fees of their chosen institute. The average fees of M.Sc Statistics programme ranges from Rs 2046- Rs 4.40 Lakhs.

MSc Statistics Scope

The scope of MSc Statistics is vast in India and abroad. M.Sc graduates can join various fields, making the specialisation equally diverse and promising. The government sector offers the most job opportunities in the field, including administrative services, economics services, policy making, statistical organisations and planning commissions. There are many career opportunities for the graduates including Statistician, Consultant, Professor, Risk Management Analyst, Data Analyst, Mathematician, Data Scientist and more.Pursuing a career in India is more beneficial that pursuing it abroad because research, which is a key job profile in this field, is still developing in India.

Career Options after M.Sc Statistics

Students can pursue various career options after completing their MSc Stats course. Mentioned below are some popular MSc Statistics career options that graduates can pursue.

Statistician: Statistician applies statistical theories to collect, analyse, interpret and analyse data. Their work involves designing surveys or experiments to collect data, determining the correct methods to use when collecting data and analysing and interpreting data using statistical software and presenting findings in clear and meaningful ways.

Consultant: Consultants offer expert advice in a specific field to both individuals and businesses. Their job involves understanding the client’s needs, researching the client’s industry and creating plans for improvement. They write proposals describing how to tackle a client problem.

Risk Management Analyst: Risk Management Analyst looks at a company’s investments, including those in foreign countries and studies the associated risks. They use their skills in analysis to predict possible losses and suggest ways to reduce risks.

Data Scientist: Data Scientists work with large amounts of data. They use their skills in maths, problem-solving and coding to find the useful information from this data. Their jobs involve finding useful data from large data sources.

Benefits of Studying M.Sc Statistics:

Studying M.Sc Statistics provides a wide range of career options. The course offers a comprehensive understanding of high-level statistical methods and how they relate to business, technology and software tools and software tools used in data analysis. After completing M.Sc Statistics course, candidates can apply for higher studies or research in this field. The M.Sc Statistics course opens doors to various career opportunities in multiple fields.

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MSc Statistics Salary

The salary expected after completing M.Sc Statistics course in India is influenced by various factors such as field of employment, years of experience, location and the hiring company. In the following table, we have provided an overview of the average salaries for different career paths available to M.Sc Statistics graduates.

List of Top MSc Statistics Colleges in India

Many different institutions offer M.Sc Stats courses in India, each college has its own admissions process which is either based on past academic performance of the candidate or marks obtained by the candidate in the entrance examination. There are a lot of top colleges in India offering Msc Stats courses. In the following table, we have mentioned the top MSc Statistics Colleges in India and their fees.

Top Private colleges offering M.Sc in Statistics in India

There are many private institutions offering M.Sc Statistics courses in India. In the following table we have mentioned the top private colleges offering MSc Stats courses in India and their fees.

Top Government MSc in Statistics Colleges in India

There are numerous government colleges in India offering MSc Stats programmes. Government colleges are known to provide quality education at affordable fees. In the table below, we have mentioned top government colleges along with their fees.