MA Statistics is a 2-year full-time PG level course offering advance study in theory, research, methods and application of statistics and allied fields. The minimum eligibility is a graduation degree from a recognized university with a minimum aggregate score of 50%.
Common statistics subjects included in this course are Demography, Probability Theory, Stochastic Process, Biostatics, etc. The course syllabus includes practicals and assignments which help students to understand the applicability of these subjects for different purposes.
|College Name||Location||Average Fees||Average Salary|
|Indian Statistical Institute||Kolkata||INR 50,000||INR 15-17 LPA|
|Lady Shriram College (LSR)||Delhi||INR 36,000||INR 3-8 LPA|
|Utkal University||Bhubaneshwar||INR 5,000-5,200||INR 3.2-5 LPA|
|University of Rajasthan||Jaipur||INR 3,400||INR 3-5 LPA|
|Sri Venkateshwara College||Delhi||INR 26,000- 30,000||INR 4-10 LPA|
MA Statistics can be pursued full time only. Osmania University, Acharya Nagarjuna University, etc. offer masters in statistics through distance education in the form of MSc Statistics, which is slightly different from the MA course.
Average fees to pursue Master of Arts in Statistics is around INR 20,000. In government colleges like University of Allahbad, you can complete the full program in just INR 2,600 and in private colleges like Amity University, the fees can go as high as INR 80,000.
After completing this postgraduate course, you can get hired in capacities such as Assistant Professor, Data Analyst, Risk Analyst, Research Analyst, Enumerator, Data Interpreter, Econometrician, Statistician, Lecturer, Biostatistician, Research Scholar, Statistics Trainer, and such.
The average salary for entry-level statistician in India is around INR 4-6 LPA. After years of experience, you can expect salary as high as INR 10-12 LPA in companies such as Epsilon, XenonStack, Lupin, Peoplefy, Genpact, IQVIA, Novartis etc.
There are many higher education options also in statistics like you can opt for PhD in Statistics, PGDM, and even MBA in Finance or any specialization of your choice.
Read More: Career Options after doing MA Statistics
|Table of Contents|
|MA Statistics Admission|
|MA Statistics: What is it About?|
|Why study MA Statistics?|
|MA Statistics Colleges|
|MA Statistics Syllabus|
|MA Statistics Jobs and Career|
|MA Statistics Future Scope|
MA Statistics Admission Process
The admission process to this postgraduate course is very simple and is usually based on the performance at your graduation level. Some colleges take admission on the basis of scores obtained in one of the university or state level entrance exams such as BHU PET 2020, DU Entrance Test 2020, etc.
Below we have discussed some of the major entrance exams necessary for masters in statistics admission.
MA Statistics Eligibility
Students who wish to apply for this course need to fulfill the following eligibility criteria:
- Graduation in Statistics or equivalent discipline, completed from a recognized university.
- a minimum aggregate score of 50% (45% for SC/ST/OBC candidates) at the level of graduation.
- Students awaiting their graduation-level examinations’ results are also eligible to apply on provisional basis.
These are the basic masters in statistics admission requirements. Apart from this, if a college or a university has a cut off list generated, then you should have cleared the same to be able to apply in that college.
MA Statistics Entrance Exams
There are many university and state level entrance exams conducted for different MA programs across India.
Below we have mentioned a few of the entrance exams for admission in MA Statistics course.
- ISI Admission Test 2020: This exam is conducted by ISI Kolkata for admission in its UG and PG courses.
- DUET 2020: DU Entrance Test is conducted by NTA every year for admission in UG, PG and PhD level courses in all the colleges of Delhi University.
- BHU PET 2020: This is a famous entrance exam conducted by Banaras Hindu University for admission in various PG programs.
- AMU Entrance Exam 2020: Aligarh Muslim University conducts this exam for admission into various programs including masters in statistics.
|Name of Entrance Exam||Exam Mode||Application Period||Exam Date|
|ISI Admission Test 2020||Offline||February 14- March 16, 2020||May 10, 2020|
|DUET 2020||Computer-Based Mode||March 2- March 31, 2020||June 2- June 9, 2020|
|BHU PET 2020||Offline||Till March 12, 2020||April 26, May 10, 22, 23, 24, 26, 27 & 29, 2020|
|AMU Entrance Exam 2020||Online/Offline||-||-|
Points to keep in mind while preparing for entrance exams:
- Strong awareness of general knowledge and the latest news
- Advance subjects knowledge
- Practice sample papers and give mock tests as much as you can
- Try to cover all the syllabus on time
- Give ample time to revision and important topics
How to get admission in a good MA Statistics college?
- You can get admission in a good college if you have scored exceptionally in the entrance exam.
- Keep a track of important dates and do not miss the last date of application submission of a college/university.
- During counseling, be prepared with all the relevant documents for a hassle-free process.
- Submit the admission fee or course fee on time for successful admission.
MA Statistics: What is it About?
- Statistics can be defined as the study of the science of collection, organization, analysis, interpretation, and presentation of numerical and categorical data. The science of mathematical principals which are used to conduct survey and research to arrive at usable results is included in Statistics studies.
- This 2-year MA in Statistics program basically entails a thorough and definitive study of statistics at an advanced level. The course is intended for those having an inclination towards higher learning in Statistics.
- Statistics is a highly relevant field with applications in many different academic disciplines, relevance for workers in the industry, business, and government.
The Main Objective and aim of this program is to incorporate advanced learning and hands-on training in selected areas of statistics such as Bayesian Inference, Biostatistics, Distribution Theory, Stochastic Process, etc. to the students in such a way that they get familiar with the use of various statistical tools for a variety of data.
Students shall be able to apply their knowledge to real-life data-related problems by using appropriate tools and softwares for different sets of data after completing this MA course.
- The course also covers design and experimental fields along with surveys that provide assistance in different aspects, apart from training to become potential Statisticians in government and private sectors.
- The earning potential in this domain is huge. You can expect a starting salary of around INR 4-6 LPA as a Business Analyst, Risk Analyst, Data Anylyst, Biostatistician, etc.
Colleges offering this course are limited as most of the colleges offer MSc Statistics, which is slightly different from MA Statistics. We have discussed the difference between them here.
MA Statistics: Course Highlights
|Full-Form||Master of Arts in Statistics|
|Eligibility||Graduation in Statistics or related discipline with a minimum aggregate score of 50% completed from a recognized university|
|Admission Process||Based on the performance in Entrance Test and/or Merit obtained at the level of graduation|
|Course Fee||INR 2,600 to 80,000|
|Average Starting Salary||INR 4 to 6 lacs|
|Top Recruiting Companies||Mastercard, American Express, KPMG, EY, Deloitte, HDFC, Oracle, Wipro, etc.|
|Top Recruiting Areas||Educational Institutes, Statistical Research, Consulting Firms, Insurance, Indian Civil Services, Data Survey Agencies, Research Companies, etc.|
|Top Job Profiles||Assistant Professor, Data Analyst, Risk Analyst, Research Analyst, Enumerator, Data Interpreter, Econometrician, Statistician, Lecturer, Biostatistician, etc.|
Why study MA Statistics?
Statistics is a highly recommended field of study if you are interested in data studies. From collection to analysis, everything is covered in this course through classroom training and practical training. This field is applied to so many disciplines such as medicine, natural sciences, education, psychology, and education. Therefore, pursuing this course will give you an extra edge over other students in this domain.
Apart from traditional jobs such as Statistician, Biostatistician, Enumerator, Data Collector, etc. people have started exploring latest jobs with respect to Data Science and Engineering such as Data Engineer, Data Analyst, Data Scientist, etc. which requires experts from Statistics background as this is the base for these studies.
The lowest you can earn is around INR 4-5 LPA as a fresher, but with years of experience, you can earn more than INR 10 LPA as well in top research, business and financial companies. In late career, the average earning potential will be around INR 20 LPA.
??Data Analysis is considered one of the most popular jobs of the 21st century. According to LinkedIn, the number of job posts for Data Analyst, Data Engineer, Business Analyst, etc. will increase tremendously by 2020. Hence, it can be said that today is the right time to study this highly rewarded postgraduate course to find career stability along with your interest.
- MA Statistics VS MSc Statistics:
?There are two major degrees in the domain of Statistics studies, i.e. Master of Arts in Statistics and Master of Science in Statistics. Mostly, colleges offer the latter course more as compared to the MA course.
Although the subjects included in these two courses are same, there are minor differences between them. Below we have discussed them:
|Parameters||MA Statistics||MSc Statistics|
|Degree Type||Master of Arts||Master of Science|
|Eligibility||Graduation in Statistics or one of the subjects should be Statistics at graduate level||B.Sc. in Statistics / Mathematics / Statistics with Computer Applications|
|Specificity||Domain-specific; Almost all the subjects taught are directly related to understanding, usage and applicability of Statistics such as Statistical Theories, Methodologies and Applications.||Subjects included may be either directly or indirectly related to Statistics, and includes subjects such as Environmental Statistics|
|Accessibility||Fewer colleges provide this program as compared to MSc Statistics, such as BHU, University of Lucknow, etc. This is because many universities offer Statistics course from Department of Science instead of Department of Arts/ Humanities||This course is offered in almost all the Science colleges including Delhi University, Loyola College, IIHMR University, etc. Many students prefer this course over a MA degree.|
|Fees||Under INR 80,000||Under INR 1 Lakh|
Students think that future scope of MSc Statistics is better, but such is not the case. Career Options are almost same after completing the course which includes that of Data Analyst, Risk Analyst, Biostatistician, Data Scientist, Analytics Consultant, Biostatistician, SAS Programmer, Statistical Analyst, Analytics Manager, etc.
MA Statistics Colleges
There are many government and private institutes offering this advanced-level course in India. Fee is comparatively a lot lesser in govt. institutes like University of Allahbad, University of Rajasthan, etc. and you can complete your degree in less than INR 3000.
Listed here are the names and corresponding details of the top institutes offering this Master course in the country:
|Name of Institute||City||Average Fees|
|Banaras Hindu University||Varanasi||INR 4,000- 4,200|
|Sri Venkateswara College||Delhi||INR 22,000- 24,000|
|Pandit Ravishankar Shukla University||Raipur||INR 7,500|
|Gauhati University||Guwahati||INR 18,000|
|Utkal University||Bhubaneshwar||INR 5,000- 5,2000|
|University of Lucknow||Lucknow||INR 60,000- 62,000|
|Sai Nath University||Ranchi||INR 20,000|
|Mahatma Gandhi Kashi Vidhyapeeth||Varanasi||INR 6,200- 6,500|
|Read More: Top MA Statistics Colleges in India 2020|
Below we are comparing few of the top colleges offering masters in Statistics course with respect to different parameters. Have a look:
|Parameters||Banaras Hindu University||Sri Venkateshwara College||University of Lucknow|
|Overview||Banaras Hindu University, commonly known as BHU is one of the top universities in India. Situated in Varanasi, this university offers various credible programs including MA in Statistics.||Sri Venkateshwara College is one of the top reputed colleges of Delhi University. Situated in South Campus (New Delhi), this college offers many UG and PG level courses including MA Statistics course.||Situated in Lucknow, this university is one of the oldest and reputed colleges in India. It has more than 100 affiliated colleges with more than 1 Lakh students. University of Lucknow is famous for Arts and Commerce courses.|
|Admission Process||BHU PET 2020||DUET 2020||University Entrance Test|
|Average Fees||INR 4,000- 4,200||INR 26,000- 27,000||INR 60,000- 62,000|
|Average Salary||INR 3-6 LPA||INR 4-8 LPA||INR 3-5 LPA|
|Top Companies||Amazon, ICICI Bank, HDFC, Reliance, Wipro, etc.||Deloitte, KPMG, American Express, PWC, etc.||IBM, American Express, DHL, Thomas Cook, IIFL, etc.|
MA Statistics Syllabus and Course Description
This course has both compulsory subjects and elective courses. In most colleges, the credit system is followed and you can take open elective courses according to credit allotted in that semester.
A semester-wise breakup of the course & syllabus is tabulated here.
Statistics Compulsory Subjects:
|Semester I||Semester II|
|Probability Theory||Stochastic Processes|
|Statistical Methodology||Statistical Inference-I|
|Survey Sampling||Design of Experiments|
|Practical –I||Practical –II|
|Semester III||Semester IV|
|Statistical Inference-II||Econometrics and Time Series Analysis|
|Generalized Linear Model||Statistical Quality Control and Reliability|
|Practical –III||Practical –IV|
Elective Subjects in Statistics
|Elective Subjects to be selected in Semester III and Semester IV|
|Non- Parametric Inference||Financial Statistics|
|Applied Stochastic Processes||Order Statistics|
|Bayesian Inference||Advanced Survey Sampling Theory|
|Advanced theory of Experimental Designs||Advanced Statistical Computing and Data mining|
|Data Analysis Using R||Computational Techniques|
|Essentials of Survey Sampling and Experimental Designs||Actuarial Statistics|
|Inferential Techniques||Statistics for Research and Management Studies|
MA Statistics Jobs & Career Prospects
The course prepares professionals in terms of:
- analytical ability
- skills relating to presentation of data
- business skills
- critical, analytical, problem-solving skills.
|Financial Companies||Teaching & Education||MNCs||Census|
|Government Institutes (Statistical Research)||Economy||Election||Business|
Job roles of Statisticians include:
- working in survey departments to gather information from particular sections and publish results for the whole population.
- conducting surveys on a range of issues such as politics during elections, or issues related to the general public.
- engagements in business field, sports statistics, scientific research, and medical statistics.
Some of the popular professional avenues open to successful postgraduates of the course are listed below with the corresponding salaries offered for the respective positions:
|Job Position||Job Description||Average Annual Pay|
|Data Analyst||Data Analysts translate numbers into plain English. Every business collects data, whether it's sales figures, market research, logistics, or transportation costs. A Data Analyst's job is to take that data and use it to help organizations make better business decisions. Their responsibilities include implementing databases, data collection systems, data analytics and other strategies that optimize statistical efficiency and quality.||4.2 LPA|
|Econometrician||Econometricians study statistical information and economics in their field of interest, such as labour and finance. They gather, evaluate, and relay data for them to explicate economic phenomena and predict market trends by making use of statistical methods and mathematical models. Econometricians working for the local or national government agencies generally confer with policy-makers regarding government law decisions in regulating the minimum wage, finalizing stimulus plans, and modifying tax rates. But those who are working for private-owned firms are in charge of appraising information regarding sales and customer needs.||8.1 LPA|
|Biostatistician||Biostatisticians work as academics in the biomedical field analysing the effects of treatments, environmental conditions, and other factors on living things. They may work on healthcare-related topics in the public or private sector. This may include performing research for a government agency or setting the statistical parameters for a new study by a pharmaceutical company.||5 LPA|
|Enumerator||Enumerators collect demographic, economic, and housing data on behalf of the government. They are responsible for canvassing neighbourhoods, and documenting and reporting the information. Most Enumerators are hired to work with the population and housing censuses that occurs every decade, but there are other types of censuses that are taken more frequently. They typically begin by reviewing their assigned field and preparing an efficient route. Once a route is planned, Census-Takers travel to designated households and conduct interviews with residents. They must identify themselves and help individuals complete a census form. They may need to assist residents by reading forms and answering questions about the census.||As per Government regulations|
|Risk Analyst||A Risk Analyst is appointed in top organisations and institutions who are responsible to predict and prevent any potential risk, in terms of business or anything else. They usually use data and interpret them to predict future trends which shall be beneficial to the company.||5.1 LPA|
|Business Analyst||A Business Analyst analyze the business risk and investments in real-time by documenting, analysing, gathering information and data, etc. Their main role is to analyse the business decisions and strategies formulated or put forward by the company and predict if it is going to be beneficial or not.||5.1 LPA|
|Data Engineer||Data Engineer has in-depth knowledge about various analysis software, analytics and coding. They are responsible to maintain and transform the data into a readable format for clients or business associates, basis which they will take decisions.||8.7 LPA|
|Mathematician||A Mathematician is an expert in any particular domain of mathematics or statistics such as theorems, probability concepts, etc. They analyze the problems and solve it using these concepts. Other than this, they do research on the latest trends in this field. They may be employed in a government sector or private sector.||8 LPA|
Salary Trend Graph
MA Statistics Future Scope
There is a huge career scope after studying Statistics as we have discussed above. You can easily earn as much as INR 10 LPA after 2-5 years of relevant experience in this domain in the public sector in top companies like Deloitte, KPMG, Oracle, HDFC, etc.
Since there is a lot of scope in data engineering and data science, therefore, many statistics students are drawn towards it. To enhance their coding skills, most of them prefer to do some certificate courses in Python, R Programming, SAS, basics of Data Science, etc. online or through distance education.
Most of them prefer self-study through online videos and books. After this, you can easily work as a Business Analyst, Business Advisor, etc. in a well-reputed company.
- HIGHER STUDIES:
?You can pursue PhD in Statistics or other doctoral-level courses, after clearing NET or equivalent examination. After this, you are eligible to work as a JRF or Project Assistant in a government research institute. Side by side, you can work on your PhD degree as well.
- GOVERNMENT JOBS:
?You are eligible to give any of the SSC, PSU, Bank Exams, etc. after completing this postgraduate degree. Those who are highly interested can check Top Government Exams 2020 to have detailed information.
MA Statistics FAQs
Ques. Is Masters in Statistics worth it?
Ans. Apart from one of the highest paying jobs from the Arts domain, this course has various advantages as compared to other Master of Arts courses. It includes advanced subjects such as Statistical Analyses using different softwares, Data Analysis, Data Interpretation, etc. These skills are highly preferable skills in the technology and business sector. Being a Data Analyst, Busines Analyst, Statistics Trainer, etc. you can expect an average salary as high as INR 10 LPA after few years. The opportunity to grow is huge in this domain than any other sector.
Check MA Statistics Jobs and Career for full details.
Ques. Can I study MA Statistics from IGNOU?
Ans. No, IGNOU does not offer MA Statistics program yet. However, it offers PGDAST (Post Graduate Diploma in Applied Statistics), which you can pursue.
Ques. What is MA Statistics DU Eligibility?
Ans. The basic eligibility to pursue this course is minimum of 45-50% in graduation. Apart from this, the admission also depends upon the scores obtained in the entrance exam.
Check DUET 2020 to know more about the application process and important dates.
Ques. Can I pursue MA in Statistics through Distance Learning in India?
Ans. None of the colleges offer MA degree in Statistics through distance learning, however you can pursue MSc Statistics from Nagarjuna University, Osmania University, etc. You can also pursue PGDAST prigram from IGNOU.
Ques. What is masters in statistics admission requirements?
Ans. The basic admission requirement is a minimum of 45-50% in graduation from a recognized college or university. Students who have completed their graduation in Statistics are preferred for this course. You should have studied one subject of Statistics in your graduation to be eligible to apply for MA in Statistics course.