MSc Statistics: Course, Admission 2024, Fees, Syllabus, Entrance Exam, Top Colleges, Career Scope

MSc Statistics is a 2-year postgraduate degree programme that focuses on the study of statistical theory, methods, and applications to analyze data. You'll get to study subjects like Matrix Algebra & Numerical Analysis, Econometrics & Economics Statistics, Inference, and more. 

I believe, MSc Statistics is not very tough to pursue, however, if you struggle with mathematics subject, it'll get difficult for you to apply formulas on numerical, rectify errors, and more. 

MSc Mathematics delves deeply into mathematical theories, principles, and their applications across various branches like algebra, analysis, topology, number theory, etc.

MSc Statistics centres on statistical theory, methodologies, data analysis, probability, and applications in various domains such as healthcare, economics, social sciences, etc.

Candidates can check the table below to see the comparison between the two.

There are many reasons why getting a Master's degree in Statistics will be beneficial for you:

Statistics is a field that is growing at a pace and demand for Statisticians, Financial Advisors, Auditors, etc., is also growing. Pursuing an MSc in Statistics will open doors for a variety of employment and great salary options for you. Not only that, you'll get to learn about statistical trends and financial analysis in depth. 

Here are some some steps involved in the MSc Statistics admission process:

• Check the Eligibility: Check the parameters before applying to the institution or for the entrance test.
• Appear for Entrance Exam: Before applying, check if their preferred institution admits students using a merit-based admission process or entrance exams.
• Merit List and the Application Process: After that, the institution or the entrance examination authority will conduct a counselling round to admit students. Then, a merit list will be prepared and students have to complete the documentation and verification process further to secure admission.

To get admission to the MSc in Statistics course, you need to obtain a bachelor's degree in BSc Statistics or any relevant discipline, with a minimum of 50% aggregate score from a recognised university. 

Yes, if you have obtained your BCom degree, you are eligible to get admission to an MSc Statistics course, however, the eligibility criteria for every university differs. It is advisable to check out the official page of your desired college, see the eligibility criteria, and make sure that you fulfill them. All the best!

There are more than 300 MSc in Statistics colleges in India. These colleges offer admission on both merit and entrance exams basis. Here are some popular MSc Statistics entrance exams conducted by these colleges:

• IIT JAM
• CPGET
• CUET-PG
• AP PGCET, and more.

IIT Kanpur, IIT Bombay, IIT Kharagpur, and IIT Tirupati are the only MSc Statistics colleges in India that accept IIT JAM exam scores. You can check the table below to get more details:

The following table brings the structure of the expected CUET PG question paper.

Candidates must note that the Language Comprehension/Verbal Ability section is compulsory. The General Test also has to be taken by candidates opting for all test papers except Education (PGQP01).

IIT JAM 2024 exam shift 1 was found to be moderately easy by maximum candidates who appeared for Mathematics, Chemistry, and Geology subjects. Questions were designed in such a manner to test their analytical and practical approach of the concerned subject. Maximum number of candidates who have appeared in the IIT JAM 2024 exam had their first attempt in the examination. The Chemistry section has been rated as easy to moderate. Some of the topics included Molar Conductivity, Magnetic Moments, Titration, Bonds, etc. As per some candidates, the MCQ questions were tougher than the MSQs and NAT questions. The Geology section has questions from topics such as geomorphology, mineralogy, and petrology were moderately difficult.  

Similar to other courses, students will be asked 100 questions in a duration of 90 minutes. Each question will carry one mark. Questions will be asked from the sections/ subjects - Phyiscs, Chemistry and Mathematics. Sections-wise number of questions are provided in the table below

There are two tasks on IELTS Writing section, syllabus of which is as follows:

Task 1 (Report Writing): IELTS Wrtiting Syllabus

This is report writing tested on Task 1. Applicants have to describe in 150 words for a given graph, diagram, table, cycles (or maps) or data sets. 

Task 2 (Essay): IELTS Writing Syllabus

Here, applicants have to write a 250 words long essay on a given point of view, argument or, problem.

Applicants should practice writing section by analysing and describing different types of data sets, diagrams (maps) or table types for task 1. While, the second task's syllabus requires applicants to prepare on the lines of elaborating on a given point view (right or wrong with strong statements), problem (how to solve them) and arguments (which require a specific and strong response).

There will be a total of 120 questions which will be asked in the ICAR AIEEA PG exam. The time allotted to attempt these 120 questions is 120 minutes or 2 hours.

The exam will be conducted in Computer Based Test (CBT) mode. 

The language of questions asked in the ICAR AIEEA PG exam will be in English only. 

The tabulation below is some of the Statistics subject books that can help students to have a broader and better understanding of the course. The books mentioned below will also help the students in cracking various MSc Statistics exams.

Yes! You can join IIT Bombay or IIT Kanpur to pursue MSc in Statistics course. However, every IIT has its own fee structure, admission process, and eligibility criteria, so, it's advisable to check out their official sites to get more accurate details. 

Here are a few top college options offering MSc Statistics distance learning opportunities for students in India:

Note: The information is sourced from the official/counselling body and may vary.

Several companies including Walmart, Amazon, Goldman Sachs, etc., offer an average package of INR 20+ LPA. The all-time the highest package has been INR 27 LPA. You can also expect a median package of INR 11.68 LPA. Meanwhile, the lowest package offered is INR 6.5 LPA from companies like EXL, TCS, etc.

Note: The information is sourced from external sites and may vary. 

Hi, Statistics can be used in the scientific research field such as economics, medicine, demography, psychology, advertising, etc. Job Titles: Statisticians. Business Analyst. Mathematician. Professor. Risk Analyst. Data Analyst. Content Analyst. Statistic Trainer. Pursue your degree from a college that gives you academic excellence and research facilities. You can also opt for colleges like Tata Institute of Fundamental Research, Mumbai, Institute of Mathematical Sciences, Chennai, Harish-Chandra Research Institute, Allahabad, Lovely Professional University, etc. for great placement opportunities. All the best.

Candidates after completing statistics courses can apply for a government job also. Statistics candidates are hired to teach students in government schools and colleges, and research in different government research organizations and health departments, etc. students can also work in administrative departments as statistical officers, etc. by appearing in UPSC exams conducted for different statistics posts.

Different job roles provided by government organizations to statistics students are discussed below with their salaries and duties.

After completing your MSc Statistics, you can become a Statistician, Investment Analyst, Arithmetician, Cost Estimator, Online Tutor, Service Estimator, Subject Matter Expert, Assistant Professor, Statistical Investigator, or more. Companies like JP Morgan, Allianz, ICBC, HSBC, Prudential, and Goldman Sachs are some of the biggest recruiters worldwide hiring for Statisticians. Pursuing an MSc in Statistics from abroad will open up higher salary opportunities for you. You'll also learn additional skills like effective communication, networking, etc.., by meeting new communities.

If you're an Indian student aiming to pursue higher education at an English-speaking university abroad, demonstrating your English proficiency through the TOEFL becomes crucial. Many institutions require or strongly recommend specific TOEFL score ranges for admission. Obtaining a strong score showcases your ability to comprehend academic lectures, actively participate in discussions, and effectively communicate your ideas in writing – all essential aspects of success in an English-medium academic environment.

The difficulty level of the GRE exam for Indian students depends on their preparation. If you are going to appear in the exam for the first time, it will be challenging for you. Questions asked in the Graduate Record Examination are logically oriented and assess students' critical thinking skills. Remember, a higher score increases your chances of getting admission in top universities in the world.

Students can easily find the Duolingo Question papers or sample papers on the official website of DET website. The practice test is available for free and you can take the test multiple time. Keep in mind, you need a phone or laptop and a working internet connection to attempt Duolingo Practice Test.

The IELTS exam is difficult for candidates who come unprepared to take the exam. IELTS test takers looking to take the IELTS exam are required to focus on speaking, listening, writing and reading skills in the English language.

Candidates who practice speaking English regularly will find the IELTS English-speaking section easy. In the IELTS listening section, candidates are required to listen to what is being said and then answer the questions. Many people find the listening section tough especially if they have not come prepared.

The IELTS writing section requires candidates to complete two writing tasks in under an hour. Candidates are required to complete Writing Task 1 in 20 minutes and Writing Task 2 in 40 minutes and also fulfil the word count. In the reading section, candidates are required to answer 40 questions in one hour and the vocabulary skills of the candidate are assessed.

Pursuing PhD in Statistics depends completely on your interest and career goals. PhDs are usually opted for by students who are passionate about Research work and want to get in-depth knowledge in a specific discipline. As a PhD Scholar, you'll contribute to new research and develop new statistical methodologies.

To decide between the two, you'll need to understand the basic difference between them. Statistics majorly focuses on data collection, analysis, interpretation, and statistical modeling. On the other hand, Operational Research includes mathematical and analytical methods to solve problems related to logistics, supply chain management, and resource allocation.

The major difference between them is, that MSc Statistics involves the comparison of various data, it teaches us topics like Distribution Theory, Time Series Analysis, Regression Analysis, etc. Meanwhile, MSc Mathematics involves the study of all forms of Mathematics including Trigonometry, Geometry, Algebra, Matrix and Determinant, Calculus, etc.