M.Com Statistics or Master of Commerce in Statistics is a PG degree programme that deals with collecting and interpreting statistical data. The duration of this programme is two years. After completing the M.Com Statistics degree course, students get the knowledge of Mathematical Economics, Advanced Statistics, Econometrics, Indian Official Statistics, etc. In order to pursue this programme, students must have a strong background in algebra, practical mathematics, calculus, finance, etc. The average tuition fee for M.Com Statistics can vary from INR 85,000 to INR 1.03 Lakhs.
M.Com Statistics Course Highlights
The highlights of M.Com Statistics are as follows:
Course Name | Master of Commerce in Statistics |
|---|---|
Short Name | M.Com (Statistics) |
Course Level | Postgraduate |
Course Type | Degree Programme |
Degree | Master of Commerce (M.Com) |
Specialisation | Statistics |
Course Duration | 2 Years |
Internship | Not Mandatory |
Course Mode | Regular |
Minimum Qualification Required | B.Com (Bachelor of Commerce) |
Age | Not Specified |
Selection Process | Admission Through Entrance Exams/ Direct Admissions |
Course Fee | INR 7,000 to INR 2 Lakhs |
Relevant Field | Commerce and Finance |
Job Types | Data Analyst, Econometrician, Biostatistician, Enumerator, Assistant Professor, Research Analyst, Statistician, Data Interpreter, etc. |
Average Salary | INR 2.5 LPA – INR 11.5 LPA |
Master of Commerce in Statistics Eligibility Criteria
Eligibility Criteria for M.Com Statistics
Mentioned below are the minimum eligibility criteria that candidates must meet to get admission in M.Com Statistics.
Candidates must hold a bachelor’s degree (B.Com/ BA/ BBS) from a recognised university.
Candidates must have studied commerce subjects like Mathematics/ Accounts/ Economics/ Statistics in their undergraduate degree programme.
Students are required to score at least 50 per cent marks in their bachelor’s degree examinations.
Admission Process for M.Com Statistics
The admission/ selection process for M.Com Statistics varies from institution to institution.
For some colleges, candidates are required to pass an entrance exam and the selection is done on the basis of candidates’ performance in the exam.
For some colleges, candidates are selected on the basis of their percentage in the bachelor’s degree examination.
Entrance Exams for M.Com Statistics
Some of the entrance examinations conducted for the M.Com Statistics programme are mentioned below.
Barkatullah Vishwavidhyalaya University M.Com. Entrance Exam
BHU (Banaras Hindu University) M.Com. Entrance Exam
Acharya Nagarjuna University M.Com. Entrance Exam
Bangalore University M.Com. Entrance Exam
Avinashilingam University for Women M.Com. Entrance Exam
Master of Commerce in Statistics Syllabus
The semester-wise syllabus for M.Com Statistics is mentioned below.
Year I
Semester I | |
|---|---|
Advanced Statistics – I | Univariate Distributions |
Index Numbers | Advanced Statistics – II |
Advanced Statistics – III | Statistical Inference |
Demography | Advanced Statistics – IV |
Testing of Hypothesis | Time Series Analysis |
Mathematical Economics | Non- Parametric Tests |
Semester II | |
Advanced Statistics – V | Life Tables |
Econometrics Methods | National Income |
Demography | Advanced Statistics – VI |
Time Series Analysis | Indian Official Statistics |
Year II
Semester III | Semester IV |
|---|---|
Advanced Statistics – VII | Advanced Statistics – X |
Advanced Statistics – VIII | Advanced Statistics – XI |
Advanced Statistics – IX | Advanced Statistics – XII |
M.Com Statistics Course Fee
The details on M.Com Statistics course fee can be found in the table below.
Category | Course Fee |
|---|---|
Minimum Fee | INR 7,000 |
Maximum Fee | INR 2 Lakhs |
Average Fee | INR 1.03 Lakhs |
Master of Commerce in Statistics Career Options and Job Prospects
Following are the job opportunities and profiles that candidates can explore after completing M.Com Statistics programme.
Employment Areas |
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Job Profiles |
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Salary After M.Com Statistics
The salary package after completing M.Com Statistics depends on the job profile, employer and one’s talent. Mentioned below are the salary ranges for different job profiles relevant to the field.
Job Profiles | Initial Average Salary |
|---|---|
Statistician | INR 2.5 LPA – INR 4.5 LPA |
Risk Analyst | INR 3 LPA – INR 6 LPA |
Mathematician | INR 11.5 LPA – INR 14.2 LPA |
Consultant | INR 4 LPA – INR 7 LPA |
Data Analyst | INR 2.5 LPA – INR 4.5 LPA |
Business Analyst | INR 7.5 LPA – INR 9.5 LPA |