BSc Statistics is a 3 year undergraduate course after 12th divided into 6 semesters that broadly deals with the areas of Probability and Statistical Methods, Survey Sampling, Numerical Analysis, etc that is essential for statistical analysis and solving statistical problems. The course includes lectures, flying and simulation training, assignments etc aimed at offering classroom, and practical training as well.
The students planning to pursue a BSc in Statistics must have completed 10+2 with subjects Physics, Chemistry, and Mathematics. At least a 50% mark from a recognized school in India is mandatory to get BSc Statistics admission.
Admissions to top BSc Statistics colleges are based on merit and also on the candidates’ performance in the entrance exams such as BHU UET, IISER IAT etc. The average annual fees required to study BSc Statistics vary from INR 20,000-1,50,000. This sector is expected to create more than 20 Lakh jobs in the coming 5 years. The average course fee ranges from INR 20,000 – INR 1,50,000.
What is BSc Statistics?
BSc Statistics is a UG course allowing the students to understand, learn and use knowledge of statistics and mathematics to have a successful career. BSc Statistics emphasizes the areas of Probability and Statistical Methods, Survey Sampling, Numerical Analysis, etc
BSc Statistics plays a huge role in getting through the fields of risk assessment and management. Computer science and Mathematics are the two most important parts of the BSc Statistics course curriculum.
The demand for BSc Statistics is growing rapidly and various national and international firms like Banks, Financial institutions, R&D firms, etc look for qualified graduates in this particular field.
Why Study BSc Statistics?
There are numerous advantages of pursuing BSc Statistics out of which some are mentioned underneath:
- The students will get relevant skills like data analysis, observation of patterns, deduction of conclusions, etc
- BSc Statistics is the right course to develop problem-solving skills in an individual
- This course helps the students to use logical ways to formulate theories and apply the same to solve problems in the job sector.
- Students can explore various job roles in the industries like Banks, Financial institutions, R&D firms, etc
- Pursuing BSc Statistics makes a candidate eligible to earn an average salary within the range of INR 5 to 8 LPA.
- Some of the top recruiters of this field are Federal bank, Cognizant, IBM, UBS, L&T, Infosys, Wipro, Deloitte, Future First, HDFC Bank, Google, etc.
BSc Statistics Jobs
BSc Statistics graduates can get decent placements within the same industry immediately after completing their studies. There are plenty of BSc Statistics Jobs available in both the government and private sector. B.Sc Statistics covers both the public and private sectors, there is a wide range of employment opportunities for aspirants after this course. A student pursuing a bachelor\’s degree in statistics can look forward to jobs such as statistician, risk analyst, actuarial manager, etc. The average salary ranges from INR 450,000 to INR 800,000 per year and increases with time and experience. B.Sc. Statistics careers often pay well and are associated with high job satisfaction and a good work-life balance. Some of the top recruiters in this field include Google, Infosys, Wipro, Cognizant, Deloitte, Federal Bank, UBS, IBM, and HDFC Bank.
Job Profiles
The table below describes some of the BSc Statistics Jobs that can be considered by the BSc Statistics graduates, along with the Average Salary Scale:
| Job Position | Job Description | Average Annual Salary (INR) |
|---|---|---|
| Financial Analyst | They work in the accounts department within a company and their role includes preparing, managing and analysing accounting information. | 8 LPA |
| Data Analyst | They are responsible for preparing every kind of data for a company and they collect, validate, transform, and present the collected information in a more presentable way. | 7 LPA |
| Financial Accountant | They ensure that the operations of accounting and financial activities are being carried in the right way. | 6 LPA |
| Analyst- Broking | They offer useful information to the stockbrokers, fund managers, stock market traders etc. | 5.5 LPA |
| Credit Control Executive | These professionals decide the capability of a creditor’s eligibility for loan and also looks after the debts of existing customers. | 5 LPA |
Top Recruiters
Some of the popular companies hiring these graduates are:
| Cognizant | IBM |
| UBS | Infosys |
| Wipro | Deloitte |
| HDFC Bank |
BSc Statistics Scope
The demand for the BSc Statistics is growing rapidly and various national and international firms like Banks, Finance institutions, R&D firms, etc look for the qualified graduates in this particular field.
This sector is expected to create more than 20 Lakh jobs in the coming 5 years. So B.Sc. Statistics have emerged as one of the popular choices for those students planning to have a career in the Finance industry.