What to do after msc statistics

Hi Prashant Purohit !

Here are some of the thigs which you would like after doing M.Sc. Statistics.

Data Analytics #1: You could get into any Analytics firm, and can assist customers in getting patterns out of data. For example, if analysing a Telco’s data, you determine that a customer with “A Plan” has the highest chance of buying “B Value added service”, it is a great source of value for them. You could be the guy who can run the analytics for them through this firm.

Need to learn more: R Programming and other methods

Data Analytics #2: Let us look at Data Analytics in banks. There can be algorithms developed for fraud deduction using the digital imprints. So, for example, working for a bank, you could deduct: “If there are 3 tries in 3 different ATMs with a card, and if the PIN is very similar to the original PIN, then it is a fraud”. This requires analysing large amounts of data, but your basic training will help you on it. That could a career choice - Digital Forensics.

Need to learn more: R Programming and other methods

Market Research: Let us look at doing a survey for customer expectations and behaviours. The data pours in, from online and offline channels - how do you draw meaningful, actionable conclusions? You need to use the statistical methods you learnt in your course. So, Market Research in a MR firm or a corporate entity can be a large area of focus.

Need to learn more: Market Research Techiques

Software Programmer: With your analytical bent of mind, you could take up a software programming job. It might not leverage your learning but will leverage the “bent of mind” cultivated out of your education.

You could focus on areas like: Visual Representation of Data (Tableau, Quilk, PowerBI), Data Reporting (Crystal Reports) - that are aligned to your core skills.

Need to learn: A specific software program (as above)

Government Statistician: The country requires a lot of econometric and statistical data for its running. Acreage, Yields, Health Statistics and the like. Bright young idealistic people are required to run our country too.

You could be a District Statistical Officer, who is in charge of collecting information from the district, analysing it and sharing with the State Authorities.

Need to learn more: Social Statistics.