Scope of B.Sc Statistics

                                                          "Statistics is the Grammar of Science"

                                                                                                                 -Karl Pearson

Statistics is a discipline under the Science stream concerned with developing and studying methods for Collecting, Analysing, Interpreting and Presenting empirical data.  It is a branch of Mathematics that has become one of the best choices among the students wherein they interpret and analyze data too large for the common understanding. Professionals who use statistics to design, collect data in varied fields are called Statisticians. Statistics as a program is used in Marketing, Economics, Biology, Sports, Medicine, and many other fields. Are you a candidate confused about the scope of a B.Sc statistics program in India? This blog provides head to tail information about everything for a career in statistics.

About B.Sc Statistics:

Bachelors of Science (B.Sc) in Statistics is a 3-year undergraduate degree program offered by top universities in India. It mainly deals with statistical methods and probability, survey sampling, numerical analysis, etc. The program trains students to perform multiple analytical and mathematical tasks. Advanced concepts of Mathematics, Probability, and other subjects are also taught to the students. Also, this program induces concepts and theories of data analysis, mathematical proofing and many more. The program plays a huge role in getting through the fields of risk assessment and management. The two most significant parts of B.Sc Statistics are Computer Science and Mathematics. The demand for the program has been increasing, given the use of statistics in the fields of banking, financial institutes, R&D Firms, etc. 

B.Sc Statistics Eligibility:

Applicants wishing to pursue B.Sc Statistics must fulfill the eligibility criteria as mentioned: 

• Candidates applying for the program must have completed 2nd PUC or 12th Std from a recognized institute or board. 
• They must have obtained an aggregate of 50% marks with Physics, Chemistry, and Mathematics (PCM) as one of the major subjects. 

B.Sc Statistics Subjects:

Bachelor of Science in Statistics has evolved into a multi-disciplinary curriculum today. The program also comprises a wide range of subjects and a range of electives to choose from. Following are the B.Sc Statistics subjects offered by majority of the colleges in India:

• Algebra
• Calculus
• Proofs and Problem Solving
• Probability Analysis
• Pure and Abstract Mathematics
• Data Science
• Index Numbers
• Demand Analysis
• Utility and Production Functions
• Mathematical Finance
• Time Series

Statistics as a specialization, is offered with various combinations of specializations in many colleges in Bangalore. Following are some of the combination of subjects:

• Computer Science, Mathematics, Statistics
• Economics, Mathematics, Statistics

B.Sc Statistics Colleges in Bangalore:

Following mentioned are some of the best 10 B.Sc Statistics Colleges in Bangalore:

1. Christ School of Sciences
2. St. Joseph's College
3. Mount Carmel College 
4. Kristu Jayanti College  
5. The Oxford College of Science
6. REVA University
7. GITAM School of Science
8. SVKM's NMIMS - School of Science
9. Faculty of Mathematical & Physical Sciences, Ramaiah University of Applied Sciences
10. Indian Academy 

Scope of B.Sc Statistics:

Statistics, the subdivision of Mathematics, includes collection, analysis, interpretation, explanation, and presentation of data. The program provides tools for predicting and forecasting various economic activities. The demand for B.Sc Statistics is rapidly growing in various national and international firms. There is ever-increasing competition in the field with the banking, R&D firms, and finance sectors looking for qualified and eligible statistics graduates. Candidates with a bachelor's degree are also required in the government sector to work on research, studies based on consumer prices, fluctuations in the economy, employment patterns, etc. The statistical and the financial sector is expected to create more job opportunities in the coming years. Candidates can also opt for higher studies, which increases the chance to earn and get multiple opportunities.  

Career in Statistics:

B.Sc Statistics Jobs are currently full of lucrative opportunities for the candidates. Most private and government companies rely on statistics and data to formulate strategies and create, plan or design a service. Candidates pursuing B.Sc Statistics subjects are hired mainly in companies for data collection and data interpretation roles where they collect and analyse crucial data for business development and enhancing the customer base. Following are some of the B.Sc Statistics Jobs that can be considered by the B.Sc Statistics graduates:

• Financial Analyst
• Data Analyst
• Statistician
• Data Scientist
• Investment analyst
• Financial Accountant
• Actuarial Analyst

Following are the Top Private Recruiters:

• Google
• Infosys
• Wipro
• Tata Sons
• Deloitte
• Federal Bank
• HDFC Bank
• GE Capital
• American Express
• Genpact

Following are the the top Government Recruiters:

• Indian Statistical Institute
• NITI Aayog
• Public Service Commission
• RBI
• Ministry of Information and Broadcasting
• Ministry of Statistics and Program Implementation
• Indian Market Research Bureau

B.Sc Statistics Jobs Salary:

The B.Sc Statistics jobs salary may vary based on job roles and experience of the candidates. The average B.Sc statistics Job salary is Rs. 8,11,000 PA. Now that you have the details about the various careers in Statistics, analyse your future and become the best Statistician in India. As the scope of B.Sc Statistics is vast, the candidates will have an ample opportunity to pursue the career of their choice.