Statistics

SRM Institute of Science and Technology, Chennai offers two Undergraduate Programs in Statistics: 3-year Bachelor of Science in Statistics and 4-year Bachelor of Science in Statistics (Hons). Both courses cost INR 60,000 per year and require a minimum of 50% in Class 12 and at least one of Mathematics or Statistics as a compulsory subject for students. SRM University is known for its job connections and placements. Generally, 90% and above of students are placed.

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.

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.

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.

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:

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, 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. 

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. 

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. 

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.