Tuesday, September 18, 2012

Careers in Statistics

Statistics involves putting mathematics to scientific use in the form of data collection, analysis, comparison, interpretation and presentation. The knowledge of statistics is used to design, collect, and interpret data experiments surrounding many different fields of industry. This includes fields of economics, psychology, medicine, marketing, public health, biology, sports, social media and others. Military considerations also use statistical procedures for approval of certain strategies and sanctions.
Statisticians use sampling tools and techniques to determine sizes of relative populations and demographics. This process is achieved by surveying sample population. They determine the size of group and sampling methods for carrying these samples out. After this they design various tools to collect the data such as questionnaire and interview methods to carry on the survey further. Finally, statisticians summarize, analyze, and interpret the resultant data.

List of Courses: -

  • Diploma Course in Statistics    
  • Bachelor of Statistics (Honours)
  • Bachelor of Science (Hons) in Statistics
  • Master of Statistics
  • Master of Science (Hons) in Statistics
  • Post Graduate Diploma in Acturial Science
  • Master of Philosophy in Statistics




For admission in to bachelor’s degree program, you need to have a 10+2 examination certificate with science subject such as (physics, math and chemistry).  The duration of this course is 3 years.

For pursuing a master’s degree you should have a bachelor's degree with science subjects such as (physics, math and chemistry). The duration for this course is 2 years.


Some of its specialized fields are: -

  • Actuarial science
  • Applied information economics
  • Biostatistics
  • Bootstrap & Jackknife Resampling
  • Business statistics
  • Chemo metrics
  • Data analysis


Career  Prospects


The field of statistics has many opportunities for young aspirants. Skilled professional in this field will find employment opportunities in automobile, pharmaceutical, or computer software companies in trial testing and product evaluation. Apart from development, statisticians are also involved with the asset, liability, and risk management, manufacturing and marketing departments of firms.
Many government organizations and agencies hire statisticians to evaluate population, demographic, and economic measurements. Many other environmental, scientific, and agricultural agencies hire statisticians for similar type of work in their respective fields.

Some sectors where statisticians get employed: -

  • Banks and public-sector,
  • Indian Council of Medical Research (ICMR)
  • Institute of Applied Manpower Research (IAMR)
  • Institutions associated with socio-economic research
  • National Council of Applied Economic Research (NCAER).
  • Planning Commission,
  • Statistical and Economic Bureaus

Remuneration: -

Statistician's salary depends upon their qualifications and experience. A fresh graduate can earn anywhere between 15,000 to 20,000 per month. Those who are in senior positions holding designations such as econometrician/statistician, statistical analyst etc can earn anywhere between Rs. 50,000 – 75,000 per month. Statistician working in universities and colleges get more income compared to other faculty members.

Some  Job Titles: -

  • Biometrician
  • Econometrician
  • Biostatistician
  • Epidemiologist
  • Research Analyst

Top Colleges of Statistics

1. Indira Gandhi Institute of Development Research (IGIDR): www.igidr.ac.in.
2. Delhi School of Economics and Political Science, New Delhi
3. Institute of Economic Growth
4. Center for Economic and Social Studies, Hyderabad
5. Institute for Economic and Social Change, Bangalore
6. Cochin University of Science and Technology (CUSAT)
7. Indian Statistical Institute
8. Indian Statistical Institute, 203, Barrackpore Trunk Road, Kolkata –700108. (Website www.isical.ac.in)
9. Nelson Manickan Road, Aminjikarai, Chennai – 600 029.
10. Indian Statistical Institute, SQC & OR Unit, Chatean D’ Ampa (1st Floor), 110
11. Indian Statistical Institute, Delhi Centre, 7, Near Qutab Hotel, Opp. Katwaria Sarai, New Delhi –110 016.
12. Indian Statistical Institute, Bangalore Centre, 8th Mile, Mysore Road, R.V. College Post, Bangalore – 560 059.
13. Indian Statistical Institute, SQC & OR Unit, Street No. 8, Habshiguda, Hyderabad – 500 007.

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