MA in Statistics is a 2-year full-time postgraduate course, the minimum eligibility for admission to which is graduation completed from a recognised university with a minimum aggregate score of 50%. Graduation needs to have preferably been done in Statistics or with Statistics as one of the main subjects.
Admission to the course is based on the candidate’s performance in a relevant entrance test. Some Universities however, grant admission on the basis of merit obtained by the candidate at the level of graduation.
|Master of Arts in Uttar Pradesh||Master of Arts in Andhra Pradesh||Master of Arts in Assam||Master of Arts in Orissa|
Such postgraduates are hired in capacities such as Assistant Professor, Data Analyst, Research Analyst, Enumerator, Data Interpreter, Econometrician, Statistician, Lecturer, Biostatistician, Research Scholar, and such.
The average tuition fee charged for the course in India ranges between INR 10,000 and 60,000 for a span of 2 years, and the average annual salary offered to such professionals ranges between INR 4 and 6 Lacs, increasing with the candidate’s experience and expertise.
Listed here are the major highlights of the course.
|Eligibility||Graduation in Statistics or related discipline with a minimum aggregate score of 50%, completed from recognised university|
|Admission Process||Based on performance in entrance test/ Merit obtained at the level of graduation|
|Course Fee||INR 10,000 to 60,000|
|Average Starting Salary||INR 4 to 6 lacs|
|Top Recruiting Companies||Mastercard, American Express, KPMG, EY, etc.|
|Top Recruiting Areas||Educational Institutes, Statistical Research, Consulting Firms, Insurance, Indian Civil Services, Data Survey Agencies, and such.|
|Top Job Profiles||Assistant Professor, Data Analyst, Research Analyst, Enumerator, Data Interpreter, Econometrician, Statistician, Lecturer, Biostatistician, Research Scholar, etc.|
The program basically entails a through and definitive study of statistics at an advanced level. The course is intended for those having an inclination towards higher learning in Statistics. Statistics finds application everywhere and the degree warrants highly potential employability.
Statistics is a highly relevant field with:
It can be defined as:
In terms of objectives, the program aims to offer to eligible candidates:
Statistics is the study of collection, organization, and interpretation of data, with the data being in the form of both numerical figures and as relationship between different such entities. The course also covers:
Listed here are the names and corresponding details of the top institutes offering the course in the country.
|Name of Institute||City||Average Fees|
|Banaras Hindu University||Varanasi||INR 15,000 (course)|
|Hindu College||Delhi||INR 10,000 (course)|
|Pandit Ravishankar Shukla University||Raipur||INR 30,000 (course)|
|Gauhati University||Guwahati||INR 18,000 (course)|
|Indian Statistical Institute||Kolkata||INR 60,000 (course)|
|University of Lucknow||Lucknow||INR 15,000 (course)|
|Ramjas College||Delhi||INR 10,000 (course)|
|Utkal University||Bhuvaneshwar||INR 55,000 (course)|
|Tirumala Tirupati's Devasthanam's Sri Venkateswara College||Delhi||INR 10,000 (course)|
Candidates wishing to apply for the course need to fulfil the following eligibility criteria
|Master of Arts in Rajasthan||Master of Arts in Bihar||Master of Arts in Karnataka||Master of Arts in West Bengal|
Most institutes offering the course in the country admit students based on their performance in a relevant entrance test. Some institutes conduct their own entrance tests for offering admission. Admission process generally varies across colleges.
A few institutes also provide direct admission based on the candidate score at the level of graduation.
Some such institutes that hold entrance tests in the country for admission to the course are
A semester-wise breakup of the course& syllabus is tabulated here.
|Real Analysis and Linear Algebra||Distribution Theory|
|Statistical Inference -1||Statistical Inference – II|
|Linear Models and Regression Analysis||Design and Analysis of Experiments|
|Sampling Theory -1||Sampling theory II|
|Practical based on the content of theory papers||Practical based on the contents of theory papers|
|Measure and Probability||Actuarial Statistics|
|Multivariate Analysis||Advanced Multivariate Analysis|
|Stochastic Processes||Advanced Operations Research|
|Operations Research||Bayesian Inference|
|Statistical Decision Theory||Computer Programming in C|
|Survival Analysis||Statistical Processes and Quality Control|
|Practical based on the contents of theory papers of electives||Practical based on the contents of theory papers of electives|
The course prepares professional in terms of:
Aside from financial institutions, such postgraduates are gainfully employed in teaching jobs in universities, colleges, and in statistical research.
Scopes of job roles of such Statisticians include:
Such graduates may later pursue advanced courses in the subject such as Ph.D. or M.Phil. degrees.
Some of the popular professional avenues open to successful postgraduates of the course are listed below with the corresponding salaries offered for the respective positions
|Job Position||Job Description||Average Annual Pay in INR|
|Data Analyst||Data Analysts translate numbers into plain English. Every business collects data, whether it's sales figures, market research, logistics, or transportation costs. A Data Analyst's job is to take that data and use it to help organizations make better business decisions. This could mean figuring out how to price new materials for the market, how to reduce transportation costs, solve issues that cost the company money, or determine how many people should be working on Saturdays. Their responsibilities include implementing databases, data collection systems, data analytics and other strategies that optimize statistical efficiency and quality. Also, they filter and clean data by reviewing computer reports, printouts, and performance indicators to locate and correct code problems.||5 lacs|
|Econometrician||Econometricians study statistical information and economics in their field of interest, such as labour and finance. They gather, evaluate, and relay data for them to explicate economic phenomena and predict market trends by making use of statistical methods and mathematical models. Econometricians working for the local or national government agencies generally confer with policy-makers regarding government law decisions. This would include regulating the minimum wage, finalizing stimulus plans, and modifying tax rates. But those who are working for private-owned firms are in charge of appraising information regarding sales and customer needs.||6 lacs|
|Biostatistician||Biostatisticians work as academics in the biomedical field analysing the effects of treatments, environmental conditions, and other factors on living things. Common places of employment include government agencies, educational institutions, and pharmaceutical companies. Although Bachelor's degree is enough in some cases, most of these professionals have a Master's or Doctorate degree in Biostatistics or a related field, such as Mathematics or Biology. Biostatisticians may work on healthcare-related topics in the public or private sector. This may include performing research for a government agency or setting the statistical parameters for a new study by a pharmaceutical company. Work generally takes place in an office setting, but may extend into the field.||4 lacs|
|Enumerator||Enumerators collect demographic, economic, and housing data on behalf of the government. They are responsible for canvassing neighbourhoods, and documenting and reporting the information. Most Enumerators are hired to work with the population and housing censuses that occurs every decade, but there are other types of censuses that are taken more frequently. Most of the jobs are temporary, and salaries vary depending on the location. Enumerators complete their research in specific areas. They typically begin by reviewing their assigned field and preparing an efficient route. Once a route is planned, Census-Takers travel to designated households and conduct interviews with residents. They must identify themselves and help individuals complete a census form. They may need to assist residents by reading forms and answering questions about the census.||As per Government regulations|