There are a lot of job opportunities available for Statistics graduates all around the world. The field is multi-disciplinary and can be applied across many different industries.
Symbiosis Statistical Institute in Pune is one of the premier MSc Statistics Colleges in India. It offers an excellent MSc program and a PhD program in Applied Statistics.
Let us take a look at how you can start a career in Statistics.
A Bachelor’s degree in Statistics is the perfect way to get started on a career in the field. You are eligible for a Bachelor’s program in Statistics if you passed 10+2 with Maths, and scored above 50%. You can opt for a BA in Statistics or a BSc degree in Statistics.
BA in Statistics focuses on applied statistics and subjects like elementary interference, sample survey, etc. This degree is more suited for future economists, data analysts, and academics.
BSc in Statistics deals with Mathematical Statistics, quantitative analysis, computer-oriented statistical methods, probability, programming languages like C, Python, C++, etc. With a BSc degree in Statistics, you can work as a statistician or analyst in the technology sector, insurance and finance sector, in an IT company, etc.
Salary and Job Prospects
The average salary of a statistician ranges between 6-10 LPA. Top companies like Google, Amazon, Deloitte, Morgan Stanley, etc reportedly pay their statisticians’ large salaries that may extend 18-20 LPA. Good knowledge of SAS will ensure a high-paying job as a statistician.
Statistics is a multi-disciplinary field that can be applied across several industries. Problems related to finances, technology, agriculture, environment, etc can all be solved with the correct use of statistics. With the advent of Big Data and other such technologies, the role of a statistician is becoming increasingly important. The role is also constantly evolving with the introduction of new technologies and Artificial Intelligence.
Here are some of the common roles of Statistics graduates in the industry-
● Cost Estimator
● Research Analyst
● Sevice Estimator
● Subject Matter Expert
● Investment Analyst
If you opt for higher studies and get a PhD in Applied Statistics, you can get a position such as Senior Research Analyst which is a very high-paying and lucrative job.
All in all, Statistics is a great career with endless opportunities. The field is very diverse and is constantly evolving. Data and Statistics form the backbone of any successful business and is integral to a company’s survival.
SSI is an MSc Statistics College in Pune offering an excellent curriculum and industry placements. It is one of the best colleges for statistics in the country.