Statistics

Admissions for Bsc in Statistics and Acturial Science at Maharishi University Noida are purely merit based. Students are provided admissions based on their 12th score. You'll not find any cutoff related information, as the institute doesn't conduct any entrance exam. Merit list is prepared based on the 12th score of  applicants and seats intakes of the respective course. You can visit the official website of the institute for further detailed information. 

The following subjects require strong practice and skills but are not difficult: 

Linear algebra, probability theory, and basic math skills. You should know linear regression and other analytical procedures. These skills are essential in the master's programme for 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.