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Career prospects after BSc Statistics

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statsMany students opt for a Bachelor of Science (B.Sc.) degree in their preferred field of study at the graduation level. While Physics, Mathematics, and Biology, among others, have always remained the most sought-after fields of study, Statistics is coming up as a preferred choice by a majority of students now-a-days. The main reason behind many students choosing to pursue their graduation in Statistics is the vast career prospect that this field of study offers to the students. In fact, the B.Sc. in Statistics course is the closest academic course whose curriculum is in coherence with the curriculum of most professional examinations.

Higher Education
Once students successfully complete their B.Sc. Statistics from a university of repute, there are many career and higher study options that the students can choose from and move ahead in life. A university graduate in statistics can have a large number of jobs in all kinds of organizations: government, private-funded, and aided organizations. If any student wants to study ahead in the field of statistics or any of its related branches, there are a number of courses offered at post-graduation degree, diploma, and certification levels in many universities across the country. Some of the post-graduation courses offered in statistics and its related branches are as follows:

  • Master of Science (M.Sc.) in Statistics
  • M.Sc. in Mathematics
  • M.Sc. in Actuarial Science
  • M.Sc. in Library & Information Sciences
  • M.Sc. in Economics (Quantitative)
  • M.Sc. in Finance
  • M.Sc. in Computer Science
  • Master of Computer Applications (MCA)
  • Master of Business Administration (MBA)
  • Post-graduate (PG) Diploma in Statistical Methods along with their Applications
  • Specialized Development Programs in Statistical Quality Control (SQC)
  • Junior Research Fellowship (JRF) and Senior Research Fellowship (SRF) Programs
  • Master of Philosophy (M.Phil.) in Statistics
  • Doctor of Philosophy (Ph.D.) in Statistics

In addition to all these degree and diploma courses that one can pursue after completing B.Sc. in Statistics, one can also consider the following certification and short-term courses at higher education level.

  • Diploma/Certification in Computer Applications (MCA)
  • Part-time course in Statistical Methods along with their Applications
  • Diploma/Certification in Specialized Development Programs in Statistical Quality Control (SQC)
  • Part-time course in Specialized Development Programs in Statistical Quality Control (SQC)
  • Intensive Diploma/Certification in Applications and Programming of Electronic Computers

Job Prospects
Once students complete their B.Sc. in Statistics, they are eligible to apply for a large number of jobs in both the government and the private sector. Statistics has great application in many fields and industries such as bio-informatics, finance, data mining, management science, information technology, etc. A student can work under the Actuarial Science department in financial markets and share trading organizations. Under the private sector, a student after completing B.Sc. in statistics can join a multi-national company (MNC) as a business analyst, software engineer, statistic analyst, investigation officer, and researcher, among others. A student can also take up lectureship as an option after completing higher studies in Statistics and join a college or a university as a Professor or Lecturer of Statistics.

One can also join the Indian Statistical Services (ISS) in the government sector and join the top-notch people such as IAS, IFS, and other high-rank officers. To get into ISS, a student has to appear and clear the Union Public Service Commission (UPSC) examination. However, one can apply for this service only after achieving a post-graduation degree (or equivalent qualification) in Statistics or Mathematics.

A student of statistics can also enter the staff selection commission (SSC) for the post of Statistical Investigators Officer. One can also join the Information Technology (IT), Insurance, or the Banking industry and pursue a job of interest. Students of Statistics can also get into medical sciences, investigating agencies, and the quality control departments of many private and government organizations. Some very renowned global organizations in Statistical Sciences are International Association for Official Statistics (IAOS), Partnership in Statistics for Development in the 21st Century (PARIS21), United Nations Educational, Scientific, and Cultural Organization (UNESCO), OECD, and Euro-Sat.

After completing B.Sc. Statistics from a renowned university, a student can get placed in any of the above jobs with a starting salary package of 1.5 lacs per annum. However, if one completes a post-graduation degree after doing B.Sc. in statistics, the starting salary in multi-national companies is in the range of 3¬ to 4.5 lacs per annum. One can also complete studies side by side and take up an employment to make money simultaneously.  
Some of the key skills required for a successful and flourishing career in statistics are as follows:

  • Strong understanding of mathematical statistics and its applications
  • Strong understanding of statistical computing
  • Ability to coordinate and interact with  people from diverse fields of occupations to address a problem
  • Strong logical thinking in order to understand the key facts to address and formulate a solution process
  • Ability to solve varied problems
  • Ability to have up-to-date information in government laws, and policies, among others

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Last modified on Monday, 11 July 2011 15:19