M.Phil. in Statistics is a one year course. Eligibility for the course is bachelor’s degree in psychology and intermediate cleared.
Admissions for such course are on the basis of the scores of entrance test conducted by University of Delhi etc. Students have to go through personal interviews also after clearing the entrance test to get admission into respective course.
Some of the top institutes offering M.Phil. (Statistics) are as follows:
- Loyola College (LC), Chennai
- Madras Christian College (MCC), Chennai
- Amity Institute of Applied Sciences
- Faculty of Science Annamalai University
The average tuition fees charged by various institutes for M.Phil. in Statistics course comes between INR 2,000 to 4 Lacs.
Major Job profile and designations for these graduates are Statisticians, Business Analyst, Mathematician, Professor, Risk Analyst and Data Analyst etc.
Graduates with this degree have opportunity for the industries like Genpact, Tata Consultancy Services Limited, WNS Global Services, Wipro Technologies Ltd., Tata Motors, Bharat Sanchar Nigam Limited (BSNL), National Small Industries Corporation Limited (NSIC), Heavy Engineering Corporation Limited (HEC Ltd).
The average salary for M.Phil. Statistics degree holders ranges between INR 2 to 6 Lacs but this can be higher on the basis of experience and other factors.
M.Phil. (Statistics): Course Highlights
|Course Level||Pre-Doctorate degree|
|Examination Type||Semester System|
|Eligibility||Bachelors in Psychology|
|Admission Process||Based on counselling after clearing Entrance Tests for different colleges.|
|Course Fee||INR 2,000 to 4 Lacs|
|Average Starting Salary||INR 2 to 6 lacs per annum|
|Top Recruiting Companies||Genpact, Tata Consultancy Services Limited, WNS Global Services, Wipro Technologies Ltd., Tata Motors, Bharat Sanchar Nigam Limited (BSNL), National Small Industries Corporation Limited (NSIC), Heavy Engineering Corporation Limited (HEC Ltd)|
|Job Positions||Statisticians, Business Analyst, Mathematician, Professor, Risk Analyst and Data Analyst etc.|
Top Colleges for M.Phil. (Statistics)
M.Phil. (Statistics): What is it about?
In this course, both the theoretical and applied features of statistics are taught. The work of a statistician is to collect, interpret and verify data. In every field statisticians are required, right from Government offices to sporting international events. M.Phil. is a combination of course work and research training. It also helps in extending competence of the candidates in their chosen discipline.
The course provide the quantitative skills and expertise to carry out statistical analyses. The students acquire the necessary skills to undertake applied or theoretical projects. M.Phil. candidates may be able to upgrade to doctoral candidature after 12 months.
The program is helpful in improving your quantitative and qualitative skills in various statistical analyses. The subjects on which this program mostly focuses are: research methodology, advanced trends in statistics, data analysis, Laplace distributions, queuing theory, stochastic models and others. A dissertation at the end of the program is a mandatory requirement where your research and presentation skills are well tested.
Advantages and benefits of M.Phil. Statistics course:
- Skilled professionals in this field will find employment opportunities in financial institutions and in public sector.
- Another option is they can work in a private firm.
- Teaching is a good option for them. They can become teacher, lecturer or professor at school or college level respectively.
- Statistician can also seek employment in sports statistician, business field, medical statistician and scientific research.
M.Phil in Statistics is a valuable program for those who have a passion for numbers, data and are willing to go the extra mile to advance their knowledge in the field of statistics. Undergoing this course opens up avenues in areas such as research and in academic institutions. There is also scope in industries as well as government and non-government organizations, where advance knowledge, expertise and skills in statistics are much valued. Like most other doctoral programs, M.Phil in statistics focuses more on research. The program is available in some of the leading institutions in the country as well as abroad.
M.Phil. (Statistics): Top Institutes
|Name of Institute||City||Fees|
|Loyola College (LC), Chennai||Chennai||INR 12,430|
|Madras Christian College (MCC), Chennai||Chennai||INR 4 Lakh|
|Amity Institute of Applied Sciences||Noida||INR 1.32 Lakh|
|Faculty of Science Annamalai University||Chidambaram||INR 35,500|
|Manonmaniam Sundaranar University||Tirunelveli||INR 12,000|
|Faculty of Physical Science Maharshi Dayanand University||Delhi||INR 3,000|
|Faculty of Science University of Rajasthan||Rajasthan||INR 15,000|
|Presidency College||Chennai||INR 4,000|
|Government Arts College, Salem||Salem||INR 1,000|
|University of Delhi||Delhi||INR 3,000|
|Jamia Islamia University||Delhi||INR 10,000|
|Banaras Hindu University||Banaras||INR 12,000|
|Sri Avinashilingam Home Science College for Women||Coimbatore||INR 25,000|
|Jawaharlal Nehru University||Delhi||INR 3,000|
|Dr BR Ambedkar University||Agra||INR 4,000|
|Bharathidasan University||Tiruchirappalli||INR 9,000|
|Devi Ahilya Vishwa Vidyalaya||Indore||INR 14,000|
M.Phil. (Statistics): Eligibility
The common requirement for pursuing M.Phil.in Statistics course is a pass in Master’s degree in the respective subjects with at least 55% of the aggregate marks from any recognized university.
Those students who are in their final year are also eligible to apply for M.Phil in Statistics.The minimum age to get entry to this course is 22 years.
M.Phil. (Statistics): Admission Process
Master’s degree in the concerned subject with a minimum of 55% marks is the basic qualification required. Such candidates must have qualified 10 + 2 and graduation with at least 50% marks.
Those having a minimum aggregate of 55% marks in masters as well as bachelor’s degree are also eligible.
Admission to the course is done on the basis of an entrance test. Written exam comprises of objective model questions of 100 numbers. Time allotted for answering this single paper test is 2 hours. Syllabus for the exam is based on master’s degree in the concerned subject.
- CCS University entrance exam
- University of Delhi Entrance exam
Most of the colleges arrange entrance test and interview for admission in M.Phil in Statistics. Yet few colleges like Kurukshetra University and IGNOU provide direct admission for acquiring distance-learning.
M.Phil. (Statistics): Syllabus and Course Description
|Subjects of Study|
|Advanced Trends in Statistics|
|Longitudinal Data Analysis|
|Stochastic Models in Queuing Theory|
|Advanced Queuing Systems|
|Limit Theorems and Stability of Random Sums|
|Classical Extreme Value Models|
|Stochastic Models in Reliability|
|Semester II - Dissertation & Viva-voce|
M.Phil. (Statistics): Career Prospects
One can find a career in statistical profession by doing activities such as solving problems in a wide variety of fields and apply mathematical and statistical knowledge to social, economic problems.
Doctoral programs in statistics opens up rewarding opportunities in a number of fields concerning statistics. Students after M.Phil program opt for a PhD in an Indian or a foreign university. M.Phil in Statistics degree holder can apply for the post of lecturer or associate professor in most Indian universities. There are many government jobs in this sector where the role of a statistician is highly important. These candidates can also apply for the Indian Statistical Services, Civil Services and Indian Economic Services exams.
The statistics subject can be used in many fields and thus many industries like business, industry, agriculture, government, private, computer science, scientific, health sciences & other disciplines.
|Job Profile||Job Description||Average Annual Pay Scale in INR|
|Statisticians||A statistician is responsible for the collection, evaluation, interpretation and presentation of quantitative data||3-4 Lacs|
|Business Analyst||A business analyst is responsible to develop the solutions that can solve business problems technically and it also analyse the requirements and documentation for advancing sales efforts.||8-9 Lacs|
|Mathematician||Mathematician is a professional who is responsible for using formulas and models to prove and disapprove the theories. They use techniques for solving business problems and engineering etc.||9 – 10 Lacs|
|Risk Analyst||Risk analyst has the major responsibility to know or estimate the risks financially involved in the investments and operations in an organisation. They usually work for banks and financial institutions.||5 – 6 Lacs|
|Data Analyst||Data analysts is a professional who has responsibilities like collecting data for market research, logistics, and transportations to use that data in order to take decisions.||3 to 4 Lacs|
|Content Analyst||Content analyst is responsible for analysing the accuracy with in the content like facts and grammar.||2 to 3 Lacs|
|Statistic Trainer||Instructors are responsible for leveraging their expertise to deliver education services to students through: Preparing course plans and materials, Delivering courses, Monitoring progress/attendance, Advising students, Recording grades and submitting reports||4 to 5 Lacs|
|Consultant||Consultants are those who provides training and advice and support to the group.||8 to 9 Lacs|