| Degree | Masters |
| Full Form | Master of Science in Statistics |
| Duration | 2 Years |
| Age | No age limit |
| Minimum Percentage | 50-55% |
| Average Fees | ₹5K – 65K PA |
| Average Salary | 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 |
| Top Recruiters | Tata Consultancy Services Limited, Fractal Analytics, Genpact, Sciformix, Quartesian, Accenture, Synchrony Financial, Cerner Corporation, The Nielsen Company, Novartis, General Electric Co (GE) etc |
The specialization falls under the umbrella of M.Sc. 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:
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.
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:
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.
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:
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:
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:
SI.No | List of Colleges |
1 | |
2 | |
3 | |
4 | |
5 | |
6 | |
7 | |
8 | |
9 | |
10 |
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:
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 |
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:
Read More About M.Sc Statistics Syllabus & Subjects
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:
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.
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.
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.
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.
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 About M.Sc Statistics Jobs
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.
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:
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.
Read More About M.Sc Statistics Salary
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:
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:
The M.Sc Statistics syllabus covers a wide range of topics, such as distribution theory, measure theory and probability, matrix algebra and numerical analysis, computer programming, inference, linear models and regression analysis, and sample surveys. The following is the semester-wise MSc Statistics syllabus:
The subjects in the 1st Year M.Sc Statistics Syllabus are given below:
Semester I | Semester II |
Analysis and Linear Algebra | Statistical Inference |
Distribution Theory | Design of Experiments |
Probability Theory | Regression Analysis |
Sampling Techniques | Stochastic Processes |
| Linear Algebra | Theory of Estimation |
| Elective | Elective |
Practical Topics in the First-Year M.Sc Statistics Subjects
The syllabus of MSc Statistics includes laboratory sessions that will enhance their understanding of theory. Some of the practical Topics in the 1st-year M.Sc Statistics subjects are given below:
The subjects in the 2nd Year MSc Statistics Syllabus are given below:
Semester III | Semester IV |
Multivariate Analysis | Econometrics and Time Series Analysis |
Generalized Linear Model | Asymptotic Inference |
Testing of Statistical Hypotheses | Reliability and Survival Analysis |
Operations Research | Statistical Research Methods |
Elective | Elective |
Practical Topics in the First-Year M.Sc Statistics Subjects
Some of the practical Topics in the 2nd-year M.Sc Statistics subjects are given below:
The subjects in the syllabus of MSc Statistics include the study of distribution theory, measure theory and probability, matrix algebra and numerical analysis, computer programming, inference, linear models and regression analysis, and sample surveys. The following is the MSc Statistics subjects list:
Some of the core subjects under the syllabus of MSc Statistics are given below:
Some of the elective subjects in MSc Statistics are given below:
The Master in Statistics Syllabus is dynamic and includes a wide combination of knowledge based on inferential statistics and descriptive statistics. A detailed view of some of the Master in Statistics subjects is given below:
M.Sc Statistics Subjects | Topics Covered |
Analytical Tools for Statistics | Functions of bounded variation, Riemann integral, Functions of several variables, Complex numbers |
Probability Theory | A brief review of limit supremum, Outer measure, Integral of non-negative simple function, Sample space, and events |
Distribution Theory | Generating functions, Discrete distributions, Continuous distributions, Order Statistics, Sampling distributions |
Statistical Inference | The problem of point estimation, Sufficiency, Fisher’s information measure, Methods of estimation, Limitations of classical inference |
Multivariate Analysis | Bivariate distributions, Multivariate normal distribution, Sampling distribution of multiple correlation coefficient, Classification problems |
Design and Analysis of Experiments | Linear estimation, Principles of experimentation, Factorial experiments, Fixed effect, Split plot, split-split plot, and strip plot designs |
MSc Stats syllabus is split into four semesters and aims to provide students with a detailed understanding of the topics through problem-solving, hands-on exercises, study visits, and projects as part of the M.Sc Statistics program. Following is the general structure:
The MSc Statistics courses include the latest learning approaches and Innovative technologies which include seminars, assignments, workshops, guest lectures, practicals, Internships, and skill development training are mandatory elements within the curriculum of each student. The following methods are generally used in teaching:
The project evaluation under the M.Sc Statistics syllabus prepares students to manage projects and learn how to implement factors that contribute to task success. Students are required to complete a research project by the end of the fourth semester. The following are the popular projects under the MSc in Statistics syllabus:
Reference books under M.Sc Statistics are available online and offline from a wide variety of publishers. The following books are useful for students planning to study M.Sc Statistics course:
Name of the Books | Authors |
Introduction to Probability & Statistics | V K Rohatgi |
The Fundamentals of Mathematical Statistics | S C Gupta and V K Kapoor |
An Introduction to the Theory of Statistics | Mood and Graybill |
An Introduction to Mathematical Statistics | Hogg and Craig |
Statistical Methods | N G Das |
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:
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:
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
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
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
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.
These top companies hire graduates with a M.Sc Statistics:
Following are some of the best countries to work in if students graduate with a M.Sc Statistics:
For graduates of the M.Sc Statistics program, the following positions are available abroad:
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:
Wing Educations Assistant