Overview:

Master of Science (M.Sc.) in Statistics is a two-year and four-semester advanced course that is offered by many universities across India. The program enables the students to acquire skills to analyse data and make meaningful conclusions. Graduates will equip the skills necessary for job market, especially in organisations that deal with data analysis and statistical modeling.

The students of this program will undergo intensive course work that will entail both theoretical and practical aspects of statistics. They will be able to analyse and solve real-life problems, undertake their research, and evaluate statistical information properly. Some of the areas that are covered in the curriculum include probability theory, statistical inference and multivariate analysis. 
 

Course Curriculum:

The curriculum of M.Sc. in Statistics includes the following subjects:

1. Probability Theory
2. Statistical Inference
3. Multivariate Analysis
4. Time Series Analysis
5. Regression Analysis
6. Sampling Techniques
7. Design of Experiments
8. Computational Statistics
9. Statistical Software and Programming
10. Research Methodology
     

Along with the aforementioned subjects, the students will be carrying out projects and practical work, which will make them gain a fair understanding of statistics.
 

Career Opportunities:

Graduates can pursue roles such as: 

1. Data Analyst
2. Statistician
3. Market Research Analyst
4. Actuary
5. Data Scientist
6. Research Scientist
7. Biostatistician
8. Operations Research Analyst
9. Financial Analyst
10. Risk Analyst
     

There is a great demand in banking, insurance, pharmaceuticals, and government sectors. The graduates can also seek employment with universities and research facilities.

Graduates after completing M.Sc. in Statistics can look forward to an average salary of Rs. 30,000 to Rs. 70,000 per month, depending on the following factors: the sector, location, and level of experience. 

Those with a passion for research may pursue doctoral studies (Ph.D.) in statistics, leading to careers in academic research or specialised scientific roles. Teaching positions at universities and colleges are also a common path for M.Sc. Statistics graduates.