M.Com. in Statistics is a 2-year postgraduate course, minimum eligibility for which is a B.Com. degree. The course lays primary emphasis on collecting and interpreting statistical data. Social Sciences, Finance, and Econometrics are all covered as potential areas concerned with gathering statistical data. Ideal students of the course would have a strong mathematical background in practical Math, including algebra, calculus, etc. The program also covers the design aspects of statistics, including subjects such as survey- sampling and experiment- implementation.
|Master of Commerce in Gujarat||Master of Commerce in Tamil Nadu||Master of Commerce in Rajasthan||Master of Commerce in Karnataka|
Admission to the course is based on the candidate’s performance in a relevant entrance test, academic profile, and occasionally, rounds of Personal Interview.
The average tuition fee charged for this course in India ranges between INR 1 and 4 Lacs, and the average annual salary offered in India to such professionals ranges between INR 3 and 10 lacs.
Organizations such as Deloitte Consulting, TCS Innovations Labs, Blue Ocean Marketing, BNP Paribas India, Neilson Company, Accenture, HP, GE Capital, and HDFC, etc. hire such postgraduates.
Successful postgraduates of the course are hired in capacities such as Statistician, Business Analyst, Mathematician, Professor, Risk Analyst and Data Analyst, etc.
|Examination Type||Semester System|
|Eligibility||Bachelor's degree with commerce subjects such as Accounts, Maths and Economic|
|Admission Process||Based on counselling after qualification of the relevant entrance test.|
|Course Fee||INR 1 to 4 Lacs p.a.|
|Average Starting salary||INR 3 to 10 Lacs p.a.|
|Top recruiting companies||Genpact, TATA CONSULTANCY SERVICES LIMITED, WNS Global Services, Wipro Technologies Ltd., Tata Motors, Bharat Sanchar Nigam Limited (BSNL), National Small Industries Corporation Limited (NSIC), Heavy Engineering Corporation Limited (HEC Ltd.) etc.|
As an academic discipline, Statistics is closely related to other fields, such as medicine, natural sciences, education, and psychology etc.
Related areas such as Social Science, Econometrics, and Finance are also covered in this course. Statistics is intricately applied in the following:
Successful postgraduates of the course may work for consulting companies, analyzing people’s preferences and tendencies.
In ancient times, Statistics was also called the science of state craft, and was applied to collect information related to military, population, wealth, etc.
In modern times, it is applied in various more areas, such as planning, economics, business, management, Mathematics, etc.
|Name of Institute||City||Average Fees|
|University of Rajasthan||Jaipur||INR 7,000 (course)|
|Hindu college||Delhi||INR 20-50,000 (course)|
|Biyani Girls College||Jaipur||INR 80,000 (course)|
|Maharshi Dayanand Saraswati University||Ajmer||INR 1,000 (course)|
As a minimum criterion of eligibility, candidates seeking admission to the course need to have completed graduation (B.A./B.Com./ BBS) with Commerce subjects, such as Accounts, Maths and Economics, from a recognized institute, and with a minimum aggregate score of 50%.
|Master of Commerce in Maharashtra||Master of Commerce in Uttar Pradesh||Master of Commerce in Kerala||Master of Commerce in Telangana|
The admission process for the course is varied, as various institutes have their very own criteria and processes of admission. Admission to the course is often based on the candidate’s performance in a relevant entrance exam, followed by a round of counselling, based on performance in which, students are admitted.
Listed here are the major entrance exams held in the country for admission to the course.
A semester-wise breakup of the course’s syllabus is tabulated here.
Semester - I
|Advanced Statistics - 1|
|Advanced Statistics - 2|
|Advanced Statistics - 3|
|Time Series Analysis|
|Advanced Statistics - 4|
|Testing of Hypothesis|
|Non- Parametric Tests|
Semester - II
|Advanced Statistics - 5|
|Indian Official Statistics|
|Advanced Statistics - 6|
|Time Series Analysis|
Semester – III
|Advanced Statistics - 7|
|Advanced Statistics - 8|
|Advanced Statistics - 9|
Semester – IV
|Advanced Statistics - 10|
|Advanced Statistics - 11|
|Advanced Statistics - 12|
A variety of social and economic problems need to be addressed by application of Statistics. Other prominent areas that need its application are computer science, government and private statistics-based business, science, agriculture, health, and such.
Typically, a Statistician does the following:
Some of the popular professional avenues open to such postgraduates are listed below with the corresponding salaries offered for the respective positions.
|Job Position||Job Description||Average Annual Salary in INR|
|Statisticians||A Statistician is responsible for the collation, evaluation, interpretation and presentation of quantitative data.||3,68,671|
|Business Analyst||A Business Analyst is responsible for developing solutions for business problems technically, and for analysing requirements and documentation for advancing sales efforts.||8,62,699|
|Mathematician||They use formulas and models to prove and disapprove theories. They use techniques for solving business and engineering-related problems etc.||1,230,410|
|Risk Analyst||They are responsible for estimating the risks financially involved in the investments and operations in an organisation. They usually work for banks and financial institutions.||5,01,424|
|Data Analyst||Data Analysts are responsible for collecting data for market research, logistics, and transportation to implement such data for decision-making.||3,49,284|
|Content Analyst||Content Analysts are responsible for analysing the accuracy of content-relate aspects such as facts and grammar.||2,44,879|
|Statistic Trainer||They handle the learning and professional development of an organisation's workforce. They are also often called learning and development officers.||4,32,819|
|Consultant||Consultants provide training, advice, and support to the group.||8,31,119|
|Biostatistician||Biostatistician are responsible for combining Maths, Science and Statistics to prevent and address public health problems.||1,460,000|