M.Sc. in Statistics colleges in India

Statistics is a branch of Science which deals with the collection, organisation, analysis, interpretation, and display of data. With increasing relevance and role of data in our everyday lives, the significance of studying Statistics has increased manifold. Pursuing MSc in Statistics is a common choice among students who have pursued BSc in Statistics, or want to build a career in empirical research or an Analyst or any other profession from the array of career opportunities that an MSc in Statistics offers.

There are around 200 MSc in Statistics colleges in India. Some of the well known MSc colleges in India include IIT Bombay, University of Delhi (DU), VIT University, Vellore; Presidency University, Kolkata, to name a few. Majority of the colleges are of Public/Government ownership, followed by Private colleges and Public-Private colleges respectively.

The tables below bring the top MSc in Statistics colleges in India based on their ownership.

Popular Government MSc in Statistics colleges in India

Colleges	Fees (In Rs)
Indian Statistical Institute (ISI), Delhi	NA
Indian Institute of Technology (IIT) Kanpur	33,200
IIT Bombay	52,400
ISI Bangalore	NA
Banaras Hindu University (BHU), Varanasi	6,110
Savitribai Phule Pune University (UNIPUNE), Pune	14,300

 Popular Private MSc in Statistics colleges in India

Colleges	Fees (In Rs)
Sister Nivedita University, Kolkata	1.78 lakh
Mithibai College of Arts, Chauhan Institute of Science & Amrutben Jivanlal College of Commerce & Economics, Mumbai	51,270
Manipal Academy of Higher Education (MAHE), Manipal	1.7 lakh
JSS Academy of Higher Education and Research, Mysore	87,100
VIT University, Vellore	1.62 lakh
Adamas University, Kolkata	2.6 lakh

Popular Public-Private MSc in Statistics colleges in India

Colleges	Fees (In Rs)
General Shivdev Singh Dewan Gurbachan Singh Khalsa College, Patiala	NA
Udai Pratap College, Varanasi	NA
St. Joseph’s College, Kozhikode	NA
Christ College, Thrissur	9,700
Tuljaram Chaturchand College of Arts, Science & Commerce, Baramati	37,970
Shia Degree College, Lucknow	NA

Top States with MSc Statistics colleges in India

MSc in Statistics colleges in India are located across the states with majority of the colleges in Uttar Pradesh. Some other states with a large presence of MSc in Statistics colleges in India include Maharashtra, Tamil Nadu, Andhra Pradesh, Kerala, Uttarakhand, among others.

Eligibility Criteria for admission to MSc Statistics in India

According to the broad eligibility criteria for admission to MSc in Statistics is to have a BSc degree in Statistics. The candidates should have studied subjects like Mathematics and other related and relevant subjects. The eligibility criteria for studying MSc in Statistics are as follows:

• Candidates should have a Bachelor’s degree in Statistics from a university or institute recognised by the Central Government. 
• Candidates should ideally have secured at least 60 per cent aggregate in their graduation
• Candidates should have studied Mathematics as a core subject in Class 11 and Class 12 as well as in Graduation
• Candidates should qualify for one of the entrance exams, the scores of which are accepted by the MSc in Statistics colleges in India

Apart from the above-mentioned eligibility criteria, some of the MSc in Statistics colleges in India may consider past academic records or have any other specific admission eligibility criteria.

What are the study options after MSc Statistics?

After completing MSc in Statistics, the students mostly opt for research as higher studies option. The programmes which can be pursued after MSc in Statistics are as follows:

• MPhil in Statistics
• PhD in Statistics
• MBA
• Certificate courses in Data Analytics

Placement Trends

After clearing from one of the MSc Statistics colleges in India, there are a number of career options for the students. The sectors in which they can explore career are Banking, Financial Services and Insurance (BFSI), healthcare, Information Technology (IT), Academics, Manufacturing, etc.

Some of the job roles for MSc in Statistics candidates are:

• Statistician
• Consultant
• Professor
• Risk Analyst
• Data Analyst
• Business Analyst
• Investment Analyst
• Service Estimator
• Data Scientist
• Bio statistician
• Statistic Trainer

The following table brings the list of top MSc in Statistics colleges in India in terms of placement and the salary offered:

Colleges	Median Salary (in Rs LPA)
Kavayitri Bahinbhai Chaudhari North Maharashtra University (NMU), Jalgaon	2.4
Amdhra University, Visakhapatnam	4.28
BHU	4.5
UNIPUNE	5.1
DU	11
IIT Kanpur	11.4
IIT Bombay	50.94

Top Recruiters for MSc Statistics Graduates

The following table brings the top MSc in Statistics colleges in India based on their placement review ratings of Shiksha and top recruiters.

Colleges	Placement Review Rating	Top Recruiters
ISI Delhi	4.8	American Express, Blackrock, Deloitte, Goldman Sachs
IIT Kanpur	4.7	ACC Limited, Accenture, Citi Group, Deloitte Consulting
IIT Bombay	4.6	3M, Amazon, Barclays Bank, Citi Group, ITC
ISI Bangalore	4.4	Walmart Labs
Presidency University, Kolkata	4.1	Standard Chartered Bank, Genpact, Wipro, Cognizant, Deloitte
DU	4.0	Axis Risk Consultancy, Deloitte, Ernst & Young, KPMG

MSc Statistics Modes of Study

The MSc in Statistics colleges in India offer the course in full-time mode only. Owing to the pedagogy of the  programme, which involves practical and experiential learning, it is not possible to deliver the course in online, correspondence or part-time mode.

How Affordable is Studying MSc Statistics in India?

The fee of MSc in Statistics colleges in India ranges from less than Rs 1 lakh to Rs 5 lakh. The fee of the majority of the MSc in Statistics colleges in India is less than Rs 1 lakh. Let us take a look at some of the top colleges in each of the fee range.

Fee of MSc Statistics colleges in India Below Rs 1 lakh

As mentioned before, most of the MSc in Statistics colleges in India fall in this category, which is 77 per cent. The top colleges are as follows:

• IIT Kanpur
• IIT Bombay
• UNIPUNE
• Central University of Rajasthan (CURAJ), Ajmer
• University of Mysore, Mysore
• Gauhati University, Guwahati

 Fee of MSc in Statistics colleges in India Between Rs 1-2 lakh

Around 18 per cent MSc in Statistics colleges in India are in this fee range. The noted colleges in this category are:

• Lovely Professional University (LPU), Jalandhar
• MIT WPU – World Peace University, Pune
• VIT University, Vellore
• SK Somaiya University, Mumbai
• GITAM Institute of Science, Visakhapatnam
• MAHE, Manipal

Fee of MSc in Statistics colleges in India Between Rs 2-3 lakh

Approximately 3 percent MSc in Statistics colleges in India provide the programme within the fee range of Rs 2 – 3 lakh. Let us take a look at the institutes in this category:

• Adamas University, Kolkata
• Vishwakarma University, Pune

Fee of MSc in Statistics colleges in India Between Rs 3-5 lakh

The percentage of colleges in India offering MSc in Statistics courses within Rs 3 – 5 lakh is 3. Institutes in this category are as follows:

• NMIMS Sunandan Divatia School of Science, Mumbai
• Symbiosis Statistical Institute, Pune

The following chart represents the segregation of colleges based on the range of course fees.

MSc Statistics Specialisations Offered in India

The top specialisation areas or subjects of MSc in Statistics are as follows:

• Statistical Modelling and Data Science
• Mathematical Statistics
• Spatial Statistics
• Statistical Collaboration
• Computational Bayesian Statistics

Popular MSc Statistics Entrance Exams in India

There are approximately 15 national level entrance exams, the scores of which are accepted by the MSc in Statistics colleges of India. The popular entrance exams are IIT Joint Admission Test for MSc (IIT JAM), Central Universities Common Entrance Test (CUCET), Kurukshetra University Entrance Test (KUK Entrance Test), to name a few. The following chart brings the top five MSc in Statistics and the percentage of colleges accepting those.

 

Shiksha Singh