B Sc Statistics

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In this post the aspirants of B.Sc. in Statistics course will get to know all the information needed to seek admission in this undergrad program, We will give you  B.Sc. Statistics course details which will cover information on the eligibility, syllabus of the 3-year course, and what kind of jobs you can expect after finishing this course. You will also learn what to expect for a Statistician’s salary in India.

This degree makes students well versed with many statistical topics that they can apply for jobs in various business sectors like banking, IT, Quality control, and in government sector to research on consumer prices and fluctuations. With business becoming more and more data-oriented a diverse knowledge in statistical methods gives you an edge over other degrees.

With specialization in Statistics, you can become the most sought-after person to study the demographics of a country and about its environment or become a business or data analyst. You are the professional who could predict and find reasons for fluctuations in the economy, population trends, employment patterns, etc.

Statistics has many elements like algebra, calculus, number theory, etc. Your field of specialization will depend on what topic you choose. A Statistician’s salary in India is also based on the specialization is chosen. The options for specialization are:

• Biometry – This area of specialization focuses on the application of statistics to biology and biological phenomenon. As part of this course, you would study both biology and statistics to learn about gathering data on plants, animals, and agricultural biology. You also learn how to solve problems in various social sciences with the help of statistical methods.
• Forensic statistics – This is a popular specialization which deals with interpreting evidence in criminal cases with the use of statistical techniques and models. They examine bodily fluid, objects collected by investigating team, and then apply probability calculations or other kinds of statistical measures to come out with “likelihood ratios”. This information is important for judges and juries in deciding about the outcomes of a criminal case.
• Biostatistics or medical statistics – This discipline focuses on the application of statistics to the healthcare research department. They play a pivotal role in designing and implementing clinical trials. These specialists are also helpful in epidemiology for supporting public health policies, finding disease patterns, and in pharmaceutical sectors.
• Operational research – If you take this specialization then you can prepare yourself to deal with organizational issues and challenges. You will learn how various organizations operate then draw models and charts to represent the organization’s functioning. All this will help you determine problem areas and you can suggest solutions to rectify them.
• Predictive analytics – This involves machine learning, data mining, multivariate statistics, and database processing. These statistical techniques and models can be used in evaluating current and historical facts and figures to predict future events or outcomes. With knowledge in this skill, you can have a career in retail, travel, healthcare, actuarial science, insurance, marketing, pharmaceuticals, financial services, and many other fields.
• Statistical computing – This is also called computational statistics. This role focuses on computer science. This is a dynamic field where you learn about information processing, machine learning, artificial intelligence, information retrieval, programming, database design, software development, algorithm design, etc.

As per PayScale, the average salary of a data analyst is around 7-8 lac INR per annum while that of an operations manager is 8 to 9 lacs per annum.

As per indeed.co, a person with a B. Sc Statistics degree can earn from 15,000 INR to 23,000 INR in a month.