Master of Philosophy [M.Phil] Statistics: Admission Process, Syllabus, Colleges, Jobs 2021

Sounak Banerjee's profile photo

Sounak Banerjee

Content Curator | Updated on - Apr 15, 2021

M.Phil is a one year course after masters in relevant fields. The course includes both the theoretical and practical aspects of statistics and other work like collection of data, interpretation and verification of data.

The eligibility criterion for the course Master of Philosophy in Statistics is a Master’s degree examination with at least 55% marks from a recognized institute with a Statistics stream. 5% moderation is for reserved categories.

Admission in the course is provided on the basis of marks obtained in the entrance test conducted by the institution. Some of the institutions may conduct their own personal interview or group discussion for final selection.

The average fee in India for the course is around INR 2,000 to INR 4 lakhs per annum, rest depending on the type of institution that is providing the course.

Know more: MPhil Top colleges in India

Subjects involved in this course are related to Research methodology, Queuing theory, Stochastic models and so on. The course aims at teaching both theoretical and practical aspects.

After completing the course, one can further go for higher studies through Ph.D in relevant fields of Maths or statistics, otherwise one can go for different job profiles like Statisticians, Business Analyst, Mathematician, Professor, Risk Analyst etc.

Average starting salary from the job profile is around INR 2- 6 lakhs per annum or more depending on the company and the candidate’s skill and knowledge.

M.Phil Statistics: Course Highlights

Course Level Pre-Doctorate Degree
Full-Form Masters of Philosophy in Statistics
Duration 1 years
Examination type Semester System ( Offline)
Eligibility Post Graduation with a minimum aggregate score of 50%-60%.
Admission Process Entrance exam and Counseling
Course Fee INR 2000- INR 4 Lakhs
Average Salary INR 2 Lakhs- INR 6 Lakhs
Top Recruiting Companies Genpact, Tata Consultancy Services Limited, WNS Global Services, Wipro Technologies Limited, Bharat Sanchar Nigam Limited ( BSNL), Heavy Engineering Corporation Limited ( HECL) etc.
Admission Process

M.Phil Statistics: Admission Process

Admission process for this course is done either on the basis of the entrance test or on the basis of marks scored in graduation.

  • Candidates need to clear the various state or national level examinations like CCS University Entrance Exam or others for qualifying entry into a college.
  • Entrance exams are conducted at both national and state level by different organizations.
  • After the exam, a merit list is generated for further counseling procedure for providing the admission.
  • Based on the rank scored in the entrance and eligibility criteria, admission is provided.
  • Some institutions also conduct personal interview/group interviews after the entrance test as well for selection.

M.Phil Statistics: Eligibility Criteria

Eligibility criteria for M.Phil course are that the candidate should have passed Masters in Maths or Statistics or any other equivalent degree from a recognized institution.

  • Additionally candidates need to pass the entrance test at national or state level to get a valid rank.
  • And based on the result scored in the entrance test, further admission procedure is followed.

M.Phil Statistics: Entrance Exams 

Admission to this course is based on the Entrance test that is conducted both at National level and at state levels. The table below shows the details of some of the entrances conducted for the courses.

  • DUET: Delhi University Entrance Test is conducted through a Computer based mode for a duration of 2 hours. There are 100 questions and 4 marks for every correct answer and -1 for negative answers.
  • CCS: Admission to M. Phil, LLM and Bachelor courses at Chaudhary Charan Singh University is done through CCS Entrance examination,
Exam Name Exam Date Exam Mode
CCS University Entrance Test September 4th, 2021 Computer Based Test
University of Delhi Entrance Exam To be notified Computer Based Test

Read more: UGC NET and other Exam Dates 2020 Released

M.Phil Statistics: How to get admission in a top M.Phil Statistics college? 

Here are some important preparation points which should be following by candidates to crack the entrance exam:

  • To get admission in a good college, it is important to get good marks in post graduation and in entrance exam and topics in post graduation should be revised thoroughly.
  • Preparation for subjects like Mathematics, Reasoning, General Aptitude, General awareness is important as these are the common topics for the exam.
  • Candidates can look for academic content in some online websites like grade up and other offline resources like notes of previous year papers etc.
  • Candidates should solve Practice Papers to get a grip over the time management and for attempting maximum marks in board and in Entrance as well.
  • Later after the exams, candidates should research over the available colleges and courses according to their interest and choice.
  • This will help to select a good college and apply for it before the last date of registration.

M.Phil Statistics: Important Books

Here are some books that can help for entrance examinations as well as during the course duration.

Name of the book Author
Mathematical Statistics: A decision Theoretic Approach Ferguson T.P
Statistical Decision Theory and Bayesian Analysis James O. Burger
Prediction theory for finite population Bolfarine, H & Zacks,S
Foundations of inference in survey sampling Classel, C.M.Samdal, C.E. and Wretman,J.
Design and Inference in finite population sampling Hedayet,A.S. and Sinha, B.K.
Theory of Optimal Designs Shah, K.R. Sinha B.K.
Construction and Combinatorial Problems in Design of Experiments Raghavaro D,
Response Surface ( Design and Analysis ) Khuri, A.I
What is it about?

M.Phil Statistics: What is it about?

M.Phil in Statistics is a combination course of both theory and applied knowledge of calculation, interpretation, analysis and verification of data. It provides the knowledge of following research oriented work in statistics. It helps to inculcate the quantitative skills and expertise to carry out statistical analysis.

Subjects involved in this course are related to Research methodology, Advanced trends in Statistics, Data Analysis, Laplace distributions, Queuing theory, Stochastic models and so on. At the end of the course, a dissertation is done to test the candidates research and presentation skills learnt throughout the course

Why study?

M.Phil Statistics: Why study this course? 

There are several reasons as to why a person should choose to pursue M.Phil Statistics.

  • This course includes several important subjects which play an important role in mathematical analysis and statistical research.
  • It helps to gain practical working experience in different statistical institutions and companies.
  • Some of the benefits are engagement with new technologies, Excellent Pay scale, New Designing and Managing related to the developing technologies and more.
  • As both public and private sector companies are involved in it, basic facilities like insurance, medical facilities, traveling allowance are also provided.

Skills acquired through this course:

  • As the course involves new involvements with numbers and data and candidates will develop certain skills related to the work like approachability, research and analysis, and ways of power utility.
  • Certain skills that a student will inculcate while pursuing the courses includes Coordination, Management, Analysis, Designing, Researching and more.
Top Colleges

M.Phil Statistics Top Colleges

The top colleges of Master of Philosophy in Statistics are:

M.Phil Statistics: College Comparison 

The following table shows the top colleges offering the advanced course of M.Phil and a comparison between two top most colleges of India : University of Delhi and Banaras Hindu University under parameters like their location, ranking, placement offers and recruiting companies involved in it.

College Name University of Delhi Banaras Hindu University
About College Delhi University is a Central University, established in 1922 and accredited with Grade A by NAAC. Offered most of the UG and PG courses through an Application fee of INR 750 for the entrance test. Banaras Hindu University is a central university, established in 1916 and accredited with Grade A by NAAC. It provides courses under UG, PG and Ph.D for management, engineering and other fields.
Location New Delhi Varanasi
NIRF Ranking 2020 18th 10th
Admission process Entrance exam ( DUET) Entrance Test
Average fees INR 3,000 per annum INR 12,000 per annum
Average Placement Package INR 6 Lakhs per annum INR 3 Lakhs per annum
Top companies that participate in placement Drive Hero Honda Motors, Essar Group, Samsung, Hindustan Copper Limited , Tata Power, Maruti Suzuki etc. ICICI Bank, Infosys, IBM, Amazon, Wipro, Berger, Reliance, IDBI, HDFC etc
Syllabus

M.Phil Statistics Syllabus 

The table shows some of the topics taught in the course throughout the single year of education.

Semester I
Advanced Trends in Statistics
Research Methodology
Longitudinal Data Analysis
Stochastic Models in Queuing Theory
Advanced Queuing Systems
Laplace Distributions
Circular Distributions
Limit Theorems and Stability of Random Sums
Classical Extreme Value Models
Stochastic Models in Reliability
Semester II
Dissertations
Viva Voce
Course Comparison

M.Phil Statistics: Course Comparison 

Statistics has several specializations under both masters and M.Phil at different academic levels of education. One can find some courses which are quite similar in terms of their initial names but are different in terms of their course content and other parameters. Here, we have compared two courses of Statistics: MA (Master of Arts) Statistics and M.Phil in Statistics under different parameters like Duration, Eligibility, Admission process , top Colleges that provide the course etc.

Parameters MA ( Master of Arts) Statistics M.Phil ( Statistics)
Brief Explanation It is a masters course that focuses on offering advanced study in theory, research, methods and application of statistics and allied fields. It includes topics from Demography, Probability Theory, Stochastic Process, Biostatics etc. It is an advanced course that covers important aspects of Mathematics and Statistics after Masters. It involves the advanced statistical approach required in different fields of Government and Private institutions. It provides the quantitative skills and expertise to carry out statistical analysis.
Duration 2 years 1 years
Eligibility B.A/B.Sc in Statistics or related discipline with a minimum aggregate of 50% marks from a recognized university Post Graduation degree in Science/ Arts with Statistics or related subject with a minimum aggregate of 55% marks
Admission process Entrance ( DUET/ BHU PET) followed by Counseling Entrance ( DUET)followed by Counseling
Top colleges Indian Statistical Institute, Lady Shri ram College, Utkal University, University of Rajasthan, Sri Venkateshwara College Loyola College, Madras Christian College, Faculty of Science Annamalai University, Manonmaniam Sundaranar University
Job roles Assistant Professor, Data Analyst, Risk Analyst, Research Analyst, Enumerator, Data Interpreter, Econometrician etc. Statisticians, Business Analyst, Mathematician, Professor, Risk Analyst and Data Analyst etc
Average fees INR 26,000 to INR 80,000 INR 2,000 to INR 4 Lakhs
Average salary INR 4 Lakhs- 6 Lakhs INR 2 Lakhs- INR 6 Lakhs
Top recruiting companies MasterCard, American Express, KPMG, EY, Deloitte, HDFC, Oracle, Wipro etc. Genpact, Tata Consultancy Services Limited, WNS Global Services, Wipro Technologies Ltd., Tata Motors, Bharat Sanchar Nigam Limited (BSNL), National Small Industries Corporation Limited (NSIC) etc.

Read more: MA in Statistics

Job Profiles

M.Phil Statistics: Job Profiles 

After completing the course, several employment areas are available that provide jobs to a M.Phil student depending on their academic performance and skills learned. Some of the areas are:

  • Indian Statistical Services
  • Civil Services
  • Indian Economic Services
  • Corporate houses
  • Commercial Industries and so on.
Job Profiles Description Average Salary
Statisticians Statisticians are responsible for collection, evaluation, interpretation and presentation of quantitative data and submit a final report based on their analysis and calculations. INR 3.5 Lakhs per annum
Business Analyst Business Analyst is responsible for developing solutions that can help technical issues of a company and also analyze the requirements for future needs of business. INR 8 Lakhs per annum
Mathematician Mathematicians are responsible for using calculative measures and formulas to prove or to disapprove a particular statement or theory. They use the techniques for solving financial conditions and doubts based on finance. INR 9 Lakhs per annum
Risk Analyst Risk Analyst is responsible for estimating the risk amount and factors that are responsible for those factors. They ensure the amount which is being invested and operated in the organization. They work for banks and financial institutions INR 5.4 Lakhs per annum
Data Analyst A Data Analyst is responsible for collecting data for market research, logistics and then transporting the required data to make a firm decision which will benefit the company. INR 3.5 Lakhs per annum
Statistic Trainer Statistic Trainer is responsible for providing expert planning and ideas in the education services to the students. They prepare course plans and materials; Monitoring progress and attendance schedule of the student and plan accordingly. INR 4.5 Lakhs per annum
Future Scope

M.Phil Statistics: Future Scope

After M.Phil, students can work as a researcher or scientist in a lab. They can also go for different job profiles available after M.Phil based on their academic performances and skills acquired like Statistician, Businessmen, Medical statistician, scientific researchers etc.

FAQs

M.Phil Statistics: FAQs

Ques: How is the research field after M.Phil?

Ans: After completing M.Phil, one can go for Ph.D in Statistics or in a relevant field as Ph.D deals with the research perspective of mathematics and statistics and developing new and advanced methods of inquiry and solutions to the quantitative problems related to different fields.

Ques: What is the eligibility criterion for Ph.D?

Ans: The eligibility criterion for Ph.D is that the student should have a Masters degree in a relevant field and must qualify the entrance test like UGC-NET.

Ques: What are the specializations available under M.Phil?

Ans: Specializations available under M.Phil includes:

  • Economics
  • Mathematics
  • Physical Education
  • Computer Science and many more.

Ques: What is the difference between M.A Statistics and M.Sc Statistics ?

Ans: Both the courses are of post graduation level and eligibility is after completing graduation. M.A Statistics ask for Graduation in Statistics or one of the subjects should be statistics at graduate level but M.Sc Statistics ask for Graduation in B.Sc in Statistics/ Mathematics/ Statistics with Computer Applications.

Ques: Name some famous recruiting companies for Masters in Statistics students ?

Ans: Some famous recruiting companies includes:

  • MNCs
  • Financial Companies
  • Economy sectors
  • Business companies and others

Ques: Name some institute that provides PhD in Statistics ?

Ans: Some of the institution that provides PhD in Statistics are:

  • BHU
  • University of Hyderabad
  • AMU
  • Amity University

Ques: What is the average salary package after completing PhD?

Ans: The average salary package after completing PhD is around INR 4 lakhs to INR 20 Lakhs per annum and later it depends on the institution and job profiles.

Ques: What are the job sectors available after completing Phd in Statistics?

Ans: Job Sectors available after completing Ph.D in Statistics are:

  • Statistical Services
  • Social Research
  • Economics
  • Finance
  • Indian Economic Services
  • Businesses
  • Government Jobs Consulting Firms and others .

M.Phil. (Statistics) Fee Structure in India


1.20 K (Minimum Fee)PUBLIC COLLEGES52.60 K  (Maximum Fee)
13.88 K (Average Fee)
28 K (Minimum Fee)Private COLLEGES2.40 L (Maximum Fee)
86.11 K (Average Fee)

M.Phil. (Statistics) Fee Structure By state


Rajasthan

23.30 KPUBLIC COLLEGES23.30 K
23.30 K
28 KPrivate COLLEGES82 K
62.50 K

Comments



NO COMMENTS TO SHOW

M.Phil. (Statistics) Colleges IN INDIA

View All