MSc Statistics: Course Fees, Admission 2025, Syllabus, 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. Candidates who have a strong base in subjects like physics and mathematics will comparatively find it easier to pursue statistics courses.

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

MSc Statistics centers 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:

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!

Yes, you can do the same as you have that knowledge of computer science along with statistics and you can use that same knowledge truly in the line of statistics. Also, you need to have a strong base in subjects like mathematics and physics which can help you pursue Statistics courses easily.

Yes, 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. 

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).

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 of physics, chemistry, and mathematics. Section-wise number of questions are provided in the table below

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, IIT Tirupati 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.

MSc in Statistics graduates have a wide range of opportunities accompanied by lucrative packages and incentives. the highest salary for an MSc Statistics graduate is considered to be around 14.9 LPA, and average salary for a fresher in MSc Statistics is estimated to be around INR 4-7 LPA.

As the experience increases over the time, income also starts to grow with new skills and knowledge gained.

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 best way is to take the free practice test on the official website. It gives you an estimated score. You should also read English news and listen to podcasts to improve your skills. work on your typing speed because the writing section is timed. Practice describing random photos in your house to get ready for the speaking tasks.

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.

Here are a few reasons why candidates consider pursuing MSc Statistics course:

• High Demand: In today's data-driven world, there is a growing demand for professionals with strong statistical skills.
• Versatility: A degree in statistics provides a versatile skill set that can be applied across various fields and industries.
• Career Opportunities: Graduates of MSc Statistics programs have a wide range of career opportunities available to them. 
• Competitive Salary: Statistical skills are highly valued in the job market, leading to competitive salaries for professionals with an MSc in Statistics. 
• Problem-Solving Skills: Studying statistics enhances your ability to think critically, analyze complex data, and solve problems. 
• Intellectual Challenge: Statistics is a field that offers intellectual stimulation and challenges.

There are various recruiters who offer job opportunities in this sector and provide the necessary guidance and experience to the students which helps them rise and shine in their careers. Pfizer, ICICI Bank, Flipkart, Johnson & Johnson, McKinsey & Company, ISI etc. are considered to be the top recruiting companies in this field.

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.