Menu
- (+91) 7399001009
- support@careertoday.info
Statistics Career
With data analysis and its interpretation becoming crucial in every field, a B.Sc in Statistics is opening up lucrative career opportunities for students…
Forecasting weather, predicting outbreak of diseases, population count, and stock market analysis are all based on a common ground. Yes, it is all based on Statistics. Why not plan to pursue graduation in Statistics, which can prove to be rewarding?
What is statistics?
Statistics about understands the science of probabilities and estimates and the art of learning data and its analysis. Like Mathematics is a tool, similarly Statistics is also a tool for data analysis. It is about how to collect the data, how to efficiently present the data, analyze and finally the interpretation of data. Statistics is applicable wherever one has to deal with data. It is applied in the fields like medical, agriculture, social sciences, business, management etc.
Statistics has two major branches- descriptive statistics and inferential statistics. In descriptive statistics, one typically summarizes the data in terms of graphs, tables and indices for a better understanding of the of the characteristics and the underlying system, while the inferential statistics part is meant for drawing meaningful scientific conclusion from the data.
Applying statistics
Most students link Statistics to Mathematics and computation. In reality, the job of a statistician is more applied than mere Maths; there work can be applied than mere Maths; their work can be applied across a wide spectrum. Statistics is not like Chemistry or Physics where one works to solve his/her own subject problem. On the contrary, Statistics solves the problem of other subjects. Typically, statisticians interact with people from other disciplines, and give a sense of clarity to their analysis. With a Statistics degree, one can work in a range of field from economics and finance, to IT, manufacturing and agriculture.
Where to study
A Class 12 science student is eligible to pursue Statistics. Typically, all traditional universities offer statistics from the UG level. But the Indian Statistical Institute (Kolkata, Delhi, Chennai, Bangalore), is considered to be the most prestigious. Students must appear for a written test to for selection to B.Stat (Hons) or M. Stat programmes. There are two kinds of statistical knowledge one can acquire: pure or applied statistics. Colleges primarily focusing on pure statistics include ISTs, IIT (Kanpur, Mumbai), CR Rao Institute of Advanced Statistics (Hyderabad), Centre for Advanced Studies (Pune University), Others like IASRI (Delhi), National Institute of Medical Statistics and International Institute of Population Studies focus on practical application of Statistics in various fields.
Further studies
A Master’s or PhD degree lends more credibility and are preferred for specialised jobs.
Public sector jobs
To join the govt sector, one can appear for Agriculture Research Service or Indian Statistical Service through Agricultural Research Service or Indian Statistical Service through Agricultural Scientists Recruitment Board and UPSC, respectively. ISS offers attractive openings for postgraduate statistic students in the govt sector, and its exam is conducted by UPSC. Once you crack it, you can join National Statistical Organization, Central Statistical Organization (CSO) and National Sample Office.
Top challenges
The quality of the data is crucial. Your ability to understand real life problems statistically and choose the best tool available is important. You must know mathematical theories of statistics inside and out.