Ph.D. in Statistics is a 2-year postgraduate course in Statistics, which is a branch of mathematics that deals with the collection, analysis, interpretation, and presentation of numerical data. It is a tool for data-based prediction and forecast. It is applicable to a wide variety of academic disciplines, from the natural and social sciences to the humanities, government, and business.
Statistics is a key tool in business and manufacturing as well. It is utilized to comprehend measurement systems’ variability, control processes for abridging data, and for making data-driven choices. A Statistician gathers, verifies, and translates information and utilizes the same to tackle issues in a wide assortment of fields.
For pursuing Ph.D. in Statistics, aspiring candidates need to have completed M.Stat./ M.A./ M.Sc., or equivalent qualification in any of Mathematics, Statistics, and Science.
Selection to the course is based on the candidate’s obtained merit at the level of graduation, or performance in a relevant entrance test, and performance in the subsequent round of interview.
Such postgraduates are hired in capacities such as Data Analyst, Research Analyst, Assistant Professor, Biostatistician, Data Interpreter, Econometrician, Enumerator, Lecturer, Research Scholar, Statistician, Test Content Developer – Humanities, Content Developer – Sociology, Labour Counsellor, Article Writer, Curriculum Trainer – Sociology, Trainee Associate, Sociologist, Trainee - Teaching Associates, Asst. Professor & Lecturer, etc.
The average tuition fee charged for the course in India ranges between INR 2,000 and 5 Lacs for a span of 2 years. In India, the average annual salary of a Statistician can be expected to lie between INR 2.5 and 3.5 lacs.
Listed below are some of the major highlights of the course.
|Examination Type||Semester System|
|Eligibility||Post-graduation (M.Stat./ M.A./ M.Sc.)|
|Admission Process||Based on obtained merit/ Direct interview of the short-listed candidates.|
|Course Fee||INR 2,000 to 5 Lacs|
|Average Starting Salary||INR 4 to 10 lacs per annum|
|Top Recruiting Companies||Deloitte Consulting, TCS Innovations Labs, Blue Ocean Marketing, BNP Paribas India, Neilson Company, Accenture, HP, GE Capital, HDFC, Cognizant, American Express, RBI, HSBC, Indian Market Research Bureau, Genpact, etc.|
|Top Recruiting Area||Census, Ecological, Medical, Election, Crime, Education, Film, Cricket, Tourism, Govt. Jobs, Indian Economic Services, Businesses, Commerce, Indian Statistical Services, Social Research, Consulting Firms, Data Survey Agencies, Insurance, Statistical Research, Economics, Finance, Public-Sector Undertakings (PSUs), Statistical and Economic Bureaus, Banks, etc.|
|Job Positions||Data Analyst, Research Analyst, Assistant Professor, Biostatistician, Data Interpreter, Econometrician, Enumerator, Lecturer, Research Scholar, Statistician, Test Content Developer – Humanities, Content Developer – Sociology, Labor Counsellor, Article Writer, Curriculum Trainer – Sociology, Trainee Associate, Sociologist, Trainee - Teaching Associates, Asst. Professor & Lecturer, etc.|
The program offers to eligible candidates a wide base of advanced learning in Theoretical Statistics, Applied Statistics, Probability, and such areas of study.
Ph.D. is a research-based program in Statistics. The course consists of four areas of specialization, viz. Biostatistics, Mathematical/Probability Statistics, Statistical Modeling, and Actuarial Science/Financial Mathematics. A compulsory thesis needs to be submitted by students of the course upon completion of 24 months of study of the subject.
As a mathematical science, Statistics is concerned with the presentation, interpretation, collection, analysis, and explanation of data. It aims to impart to eligible students advanced learning in:
Listed below are some of the top institutes in India that offer the course.
|Name of Institute||City||Average Fees|
|Shailesh J. Mehta School of Management||Mumbai||INR 24,000 (course)|
|Indian Institute of Foreign Trade||New Delhi||INR 1,01,000 (course)|
|Narsee Monjee Institute of Management Studies||Mumbai||INR 57,000 (course)|
|Department of Management Studies, Indian Institute of Technology||Chennai||INR 11,871 (course)|
|Department of Management Studies IIT Delhi||New Delhi||INR 12,900 (course)|
|Indian Institute of Management||Ranchi||INR 3,90,000 (course)|
|Indian Institute of Foreign Trade - [IIFT],||Kolkata||INR 1,01,000 (course)|
|Amrita School of Business||Tamil Nadu||INR 1,33,000 (course)|
|Centurion University of Technology and Management||Bhubaneswar||INR 96,667 (course)|
|Alliance School of Business, Alliance University, Bangalore||Bangalore||INR 1,43,000 (course)|
|Maulana Azad National Institute of Technology||Bhopal||INR 21,393 (course)|
|Sharda University - [SU],||Greater Noida||INR 63,333 (course)|
|Birla Institute of Technology and Science||Goa||INR 2,59,000 (course)|
|Thapar Institute of Engineering and Technology University||Punjab||INR 98,900 (course)|
|Amrita Vishwa Vidyapeetham Coimbatore Campus||Tamil Nadu||INR 1,33,000 (course)|
|Amity University,||Noida||INR 1,05,000 (course)|
|Babu Banarasi Das University||Lucknow||INR 1,20,000 (course)|
|Poornima University||Jaipur||INR 71,667 (course)|
|Gitam University,||Visakhapatnam||INR 63,167 (course)|
|Sir Padampat Singhania University - [SPSU],||Udaipur||INR 74,333 (course)|
|University of Rajasthan,||Jaipur||INR 14,395 (course)|
|Central University of Rajasthan - [CURAJ],||Ajmer||INR 17,448 (course)|
Candidates wishing to apply for the course need to fulfill the following eligibility criteria
Most institutes offering the course admit students based on their performance in a relevant entrance test followed by a round of Personal Interview. 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’s score at the level of post-graduation, but necessarily followed by a round of Personal Interview.
A semester-wise breakup of the course’s syllabus is tabulated here.
|Research Methodology||Advanced Queuing Systems|
|Advanced Trends in Statistics||Laplace Distributions|
|Longitudinal Data Analysis||Limit Theorems and Stability of Random Sums|
|Stochastic Models in Queuing Theory||-|
|Dissertation and Viva-voce||-|
Successful Statisticians are lucratively hired as Investment Analysts, Psychometrists, Cryptologists, Commodities Financial Aid Directors, Traders, Information Scientist, etc. They also have much professional scope in teaching/ lectureship, and even research.
They can find gainful employment opportunities in public sector organizations, financial institutions, and such corporations. Academic institutions Analysts for instructive, factual research-based roles, and every year the UPSC conducts an all-India examination for hiring in the Indian Statistical Services (ISS).
Some of the popular professional avenues open to successful professionals are listed below with the corresponding salaries offered for the respective positions.
|Job Position||Job Description||Average Annual Pay Scale in INR|
|Economists||Economists investigate and examine information that influences the financial and money-related occupations of the government. They clarify and forecast economic patterns in view of such data. They explore and break down information utilizing an assortment of programs, including spreadsheets, factual examination, and database-administration.||6,87,845|
|Data analysts||A Data Analyst accumulates and examines data to innovate ways to improve businesses and government entities, or databases and its related data. Such data can include any subject including laborers, customers, arrangements, etc.||3,49,284|
|Statisticians||A Statistician gathers numerical information and displays it, helping organizations to comprehend quantitative information and to spot patterns and make forecasts. A Statistician must create methods to beat issues in information-gathering and examination.||3,68,671|
|Biostatistician||A Biostatistician utilizes or applies arithmetic insights to effect advancements in science. They plan natural tests basically in the field of agribusiness and solution, gather, analyze, and condense such information, and formulate conclusions in light such information.||9,57,883|
|Enumerators||An Enumerator is essentially in charge of recording the number of individuals in a family, their ages, genders, and other such data. They collect and record such factual information.||6,59,273|