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Master of Arts [MA] (Statistics) - Course Overview

  • STREAM

    ARTS

  • DURATION

    2 YEARS

  • COURSE

    Statistics

  • COURSE TYPE

    Post Graduation

Master of Arts in Statistics Top Colleges, Syllabus, Scope and Salary

 

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 PradeshMaster of Arts in Andhra PradeshMaster of Arts in AssamMaster 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.

MA in Statistics: Course Highlights

Listed here are the major highlights of the course.

Course LevelPostgraduate
Duration2 years
Examination TypeSemester
EligibilityGraduation in Statistics or related discipline with a minimum aggregate score of 50%, completed from recognised university
Admission ProcessBased on performance in entrance test/ Merit obtained at the level of graduation
Course FeeINR 10,000 to 60,000
Average Starting SalaryINR 4 to 6 lacs
Top Recruiting CompaniesMastercard, American Express, KPMG, EY, etc.
Top Recruiting AreasEducational Institutes, Statistical Research, Consulting Firms, Insurance, Indian Civil Services, Data Survey Agencies, and such.
Top Job ProfilesAssistant Professor, Data Analyst, Research Analyst, Enumerator, Data Interpreter, Econometrician, Statistician, Lecturer, Biostatistician, Research Scholar, etc.

MA in Statistics: What is it About?

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:

  • applications in many different academic disciplines, such as medicine, natural sciences, education, psychology, and education.
  • relevance for workers in industry, business, and government.

It can be defined as:

  • the study of the science of collection, organisation, analysis, interpretation, and presentation of numerical and categorical data.
  • The science of mathematical principals which are used to conduct survey and research to arrive at usable results.

In terms of objectives, the program aims to offer to eligible candidates:

  • advanced learning and hands-on training in selected areas of statistics
  • familiarity with the use of statistical tools in the analysis of industrial, social, and business-related data. 
  • the core knowledge required for statistical applications.
  • familiarity with real-life data-related problems, and the use of statistics in Applied Sciences and industries.
  • hands on training in selected areas of Statistics.
  • skills in using appropriate software applications for statistical applications in various fields.

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:

  • fields of designs of experiment along with surveys that provide assistance in different aspects.
  • detailed stress on the assessment of the picture obtained through collection of different forms of data.
  • relevance for working professionals in R&D and Quality Control divisions in Industries, Commerce and Management departments of various universities, who are interested in updating their knowledge in Statistics.
  • value for graduates who wish to continue their education and are interested in getting into the field of Applied Statistics.
  • training for potential Statisticians to operate in the public and private sectors as Statistical Scientists, Consultants, and Engineers to manage and analyse data.

Top Institutes offering MA in Statistics

Listed here are the names and corresponding details of the top institutes offering the course in the country.

Name of InstituteCityAverage Fees
Banaras Hindu UniversityVaranasiINR 15,000 (course)
Hindu CollegeDelhiINR 10,000 (course)
Pandit Ravishankar Shukla UniversityRaipurINR 30,000 (course)
Gauhati UniversityGuwahatiINR 18,000 (course)
Indian Statistical InstituteKolkataINR 60,000 (course)
University of LucknowLucknowINR 15,000 (course)
Ramjas CollegeDelhiINR 10,000 (course)
Utkal UniversityBhuvaneshwarINR 55,000 (course)
Tirumala Tirupati's Devasthanam's Sri Venkateswara CollegeDelhiINR 10,000 (course)

Eligibility for MA in Statistics

Candidates wishing to apply for the course need to fulfil the following eligibility criteria

  • graduation in Statistics or equivalent discipline, completed from a recognized university.
  • a minimum aggregate score of 50% (45% for SC/ST/OBC candidates) at the level of graduation.
  • candidates awaiting their graduation-level examinations’ results are also eligible to apply on provisional basis.
Master of Arts in RajasthanMaster of Arts in BiharMaster of Arts in KarnatakaMaster of Arts in West Bengal

MA in Statistics: Admission Process

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

  • University of Delhi
  • Indian Statistical Institute
  • Banaras Hindu University

MA in Statistics: Syllabus and Course Description

A semester-wise breakup of the course& syllabus is tabulated here.

SEMESTER I

SEMESTER II

Real Analysis and Linear AlgebraDistribution Theory
Statistical Inference -1Statistical Inference – II
Linear Models and Regression AnalysisDesign and Analysis of Experiments
Sampling Theory -1Sampling theory II
Practical based on the content of theory papersPractical based on the contents of theory papers

SEMESTER III

SEMESTER IV

Measure and ProbabilityActuarial Statistics
Multivariate AnalysisAdvanced Multivariate Analysis
Stochastic ProcessesAdvanced Operations Research
Operations ResearchBayesian Inference
Statistical Decision TheoryComputer Programming in C
EconometricsDemography
Survival AnalysisStatistical Processes and Quality Control
Practical based on the contents of theory papers of electivesPractical based on the contents of theory papers of electives

MA in Statistics: Career Prospects

The course prepares professional in terms of:

  • analytical ability
  • skills relating to presentation of data
  • business skills
  • critical, analytical, problem-solving skills.

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:

  • working in survey departments to gather information from particular sections and publish results for the whole population.
  • conducting surveys on a range of issues such as politics during elections, or issues related to the general public.
  • engagements in business field, sports statistics, scientific research, and medical statistics.

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

Master of Arts in Statistics
Job PositionJob DescriptionAverage Annual Pay in INR
Data AnalystData 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
EconometricianEconometricians 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
BiostatisticianBiostatisticians 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
EnumeratorEnumerators 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