Statistics is a branch of mathematics concerned with the collection, organization, analysis, interpretation, and presentation of data. It is one of the most popular courses since it has applications in almost every field imaginable.
Diploma in Statistics is available as a PG Diploma in Statistics for a duration of 1 year. Diploma in Statistics Course focuses on Big Data, Data Analytics, Data Mining principles that are involved in the interpretation and acquisition of statistical data. The average fee ranges between INR 4,000 and INR 6,000. The admission to the course may be based on merit, entrance, or on a first come first serve basis depending on the Institute undertaking admission.
The advantage of a diploma in statistics is that it offers several doors of opportunity for graduates in a variety of fields, including business analysis, statistics, and biostatistics. The average salary of a Statistician in India is INR 5,12,000 per annum. With the experience of more than 5 years, the average salary is INR 10,00,000 per annum.
- Diploma in Statistics: Quick Facts
- Why Study Diploma in Statistics?
- Diploma in Statistics: Admission Process
3.2 Entrance Exams
7.1 Job Prospects
Diploma in Statistics: Quick Facts
Diploma Courses are available in full-time and part-time formats. Here are some highlights of the course.
- The Diploma in Statistics is a 1-year diploma program that focuses on the theoretical and practical applications of Statistical techniques.
- Candidates seeking admission in Diploma in Statistics must have passed 10+2 from a recognized board. The candidate's performance in the entrance exams may also determine admission.
- The candidate must have a graduation degree with a minimum of 50% marks. However, a master's degree has a higher chance of getting admission to the course.
- Top Diploma in Statistics colleges in India is Indian Statistical Institute (ISI) Tezpur, Hislop College Nagpur, IGNOU New Delhi, North-Eastern Hill University Shillong, Savitribai Phule Pune University, etc.
- The graduates are employed as Business Analyst, Statistician, Bio Statistician, Research Analyst, etc.
- The average course fee lies between INR 4,000 – INR 6,000.
Why Study Diploma in Statistics?
Job prospects following graduation are favorable with Diploma Courses. Graduates will have access to jobs in a variety of industries and choose according to their preferences. Students will have polished the following skills after completing this course:
- Diploma in Statistics graduates is skilled at analyzing statistics in businesses and institutions through sampling and experimentation.
- These graduates can make market, sales, financial, and investment predictions, among other things.
- Graduates of the Diploma in Statistics program may do business analyses on a variety of topics.
- They are hired in a variety of business and finance companies to perform these functions.
- Candidates will be able to make decisions on earnings, losses, and a variety of other circumstances that may arise in the sector.
- Candidates must be able to operate industry-standard technology, equipment, and tools efficiently.
Diploma in Statistics: Admission Process
Admissions to Diploma in Statistics courses are based on merit, according to the rules of the universities/colleges that offer the course. The following is the admission process for the course:
- Candidates from any stream in class 12 (except arts) can easily apply for direct admission according to the institute where admission is desired.
- The candidate's bachelor's degree scores are also taken into account.
- Candidates with Master's degrees can also apply.
- In the case of entrance exam-based admissions, you can find the application date and exam date below.
- And apply for the exam accordingly. Once the exam is cleared, a round of counseling may be held and seats are allotted.
- For merit and first come first serve basis, go to the Institute's website and apply directly.
- After submission of the application form, wait for further notification from the Institute.
Diploma in Statistics Eligibility
- Candidates must pass 10+2 from a recognized university or board.
- The candidate must have a bachelor's degree with a minimum of 50% marks in any stream.
- Master's degrees are not compulsory but most Institutes prefer candidates who have Master's degrees.
- Candidates must also have passed the admission exam if the targeted Institute requires one.
Diploma in Statistics: Syllabus
Diploma in Statistics revolves around the concepts of Statistical Data, Data mining, Big data, Analytics, etc. The following table is the detailed syllabus which is included in Diploma Courses.
| Collecting and Analyzing Data | Types of Graphs |
|---|---|
| Frequency and Graphs | Probability |
| Probability and Relative Frequency | Probability and Odds |
| Summary Statistics | Range |
| Discrete Random Variables | Normal Distribution |
| Binomial Distribution | Regression |
| Trend Analysis | Residual Analysis |
| Introduction to Computer Programming | Software Engineering |
Distance Learning
The Distance Diploma in Statistics Course is designed for working professionals who are unable to attend a full-time program. A few colleges offer a Diploma in Statistics in distance learning mode.
- Apart from Diploma, a Certificate Course with a duration of 6 months is available in distance learning.
- Students must have completed graduation with a specified cutoff rate in order to be admitted to this course.
- Aspiring students must have a graduation mark of at least 45 percent, or 50 percent if they are from a reserved category.
| College | Course | Fee |
|---|---|---|
| North-Eastern Hill University | Certificate in Statistics | NA |
| Diploma in Statistics | INR 4,570 |
Diploma in Statistics: Top Colleges
Only a few selected Institutes offer Diploma at the Postgraduate level. The following table is a list of colleges offering diploma courses distance mode:
| Name of the Institute | Fees |
|---|---|
| ISI Tezpur | INR 13,40,000 |
| Hislop College, Nagpur | INR 6,000 |
| IGNOU New Delhi | INR 6,000 |
| North-Eastern Hill University, Shillong | INR 4,570 |
| SPPU Pune | NA |
Diploma in Statistics: Skills Required
In order to be successful in the domain of statistics, candidates need various skills and knowledge. Here is a set of skills that are required to be successful in the domain:
| Strong mathematics abilities | Wide-ranging computer skills |
| Ability to communicate findings to non-statisticians | Analytical and problem-solving skills |
| Industry knowledge | Teamwork and collaborative skills |
| R Programming | Python |
Scope of Diploma in Statistics
After completing a Diploma in Statistics, candidates can pursue advanced studies in the field or better job opportunities. These individuals may also choose to pursue research careers in India or abroad.
The following are the most popular courses available after earning a Diploma in Statistics:
- MSc Statistics: If the candidate wishes to continue his or her education in the same field, the program of choice after completing the Diploma in Statistics is an MSc in Statistics.
- MBA: A large number of graduates choose to pursue a career in management by enrolling in an MBA program.
- Competitive examinations: After completion of the degree course, the candidate can also apply for competitive examinations, including UPSC, CET (Banking), SSC, and others.
- Job Prospects: In the case of a government or top institute, there are chances of getting good placements; however, in the case of other institutions, students may have to explore options on their own.
Diploma in Statistics Jobs
Here is a list of job profiles and average salary per year depending on job type and experience-wise.
| Job Roles | Job Description | Average Annual Salary |
|---|---|---|
| Business Analyst | They employ quantitative methods to uncover developing patterns that have an impact on clients and industry stakeholders. | INR 6,07,000 |
| Statistician | They arrange, gather, and interpret numerical data using statistical approaches to offer meaningful information. | INR 5,12,000 |
| Bio Statistician | These professionals create, evaluate, and implement statistical studies to advance medical knowledge and improve healthcare research. | INR 5,90,000 |
| Research Analyst | These individuals conduct research, evaluate, and manage data processes to provide unique and high-quality insights into future trends. | INR 3,83,000 |
| Statistical Analyst | They analyze data using various tools, algorithms, models and develop as well as maintain programs for the statistical library. | INR 6,45,000 |
Diploma in Statistics: FAQs
Ques: What are some of the most common subjects included in a Diploma in Statistics?
Ques: What is the Diploma in Statistics entrance exam registration procedure?
Ques: What job prospects are available after finishing a Diploma in Statistics?
Ques: Can graduates of the Diploma in Statistics continue their education?
Ques: How much does a Diploma in Statistics cost on average?
Ques: Is it worthwhile to get a Diploma in Statistics?
Ques: Is the Diploma in Statistics salary scale reasonable?
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