Careers In Statistics

Introduction

Statistics is a branch of science that deals with the collection, analysis, interpretation and presentation of numerical data. Statisticians collect, verify and interpret data to solve problems in a wide variety of fields. A student pursuing statistics learns probability theory, statistical methodology, stochastic processes, statistical inference, operational research, bio-statistics, etc. The services of a statistician are required in every field right from government offices to international sporting events. Almost in every country there are statistical agencies or bureaus.

Scope

A qualified statistician get job opportunities in public sector organisations, financial institutions,major corporate conglomerates,private companies, etc. Students gets jobs in Indian Statistical Services, Indian Economic Services and Civil Services exams. colleges and Universities, etc. There are many job opportunities available such as econometrician, biostatistician, research analyst, biometrician, epidemiologist etc. Statisticians are often work for automobile, pharmaceutical and computer software companies in trial testing and product evaluation. Statisticians are also involved with the manufacturing, asset, liability, risk management, and marketing departments of firms. Most 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. Even national defence organizations hire statisticians to assess weapons and strategy effectiveness.The reputed organizations viz. Planning Commission, the National Council of Applied Economic Research (NCAER), Institute of Applied Manpower Research (IAMR), Indian Council of Medical Research (ICMR), statistical and economic bureaus, institutions associated with socio-economic research, banks and public-sector undertakings employ statisticians.

Remuneration

It depends on the educational qualification and experience. Fresher’s get starting in the range of Rs.20,000 – 30,000 per month. Those are in senior positions such as like Statistical Analyst, Statistician / Econometrician, etc. get paid in the range of Rs. 80,000 – 1, 20,000 per month. Those are employed by colleges and Universities also receive respectable salary.

Eligibility

The minimum educational qualification required in this field is a bachelor’s degree with a major in statistics or mathematics. A Master’s degree or Ph.D. is required for higher-level positions. A combination of statistical skills with other subject viz. economics, operational research, computer science, business administration, etc. give a competitive advantage in the job market. Job opportunities in industrial research require a master’s degree and several years of experience. A high level of specialised training is necessary in order to be well placed in industry. Teaching and research field are open to candidates with a master’s degree and doctorate.

Career opportunities

  • Statistician: Work in crime statistics, census statistics, ecological statistics, medical statistics, statistics on job-seekers, film statistics, cricket statistics, oil statistics, market statistics, accident statistics, labour statistics, population statistics, election statistics, district-city-state statistics, tourism statistics etc. They also work in wide disciplines like biology, economics, engineering, agriculture, medicine, physics, computer science, sociology and psychology.

  • Actuarial science 

  • Banks.(RBI and other banks)

  • Bio-infor¬matics

  • Government (Census, Ecology, Forestry, Government Regulation Law, National Defense, Population Research, Risk assessment, Surveys, etc)

  • Health and Medicine (Animal Health, Biostatistics, Clinical Research, Epidemiology, Genetics, Pharmacology, Public Health, etc)

  • Quality control and quality improvement 

  • Scientific research

  • Teaching field

Job options

  • Actuary

  • Analysts (Data/Marketing/Quantitative/Risk/Business/Statistical)

  • Analytical consultant

  • Biometrician

  • Business Analysis Project Manager

  • Environmental statistician

  • Forensic statistician

  • Government statistician

  • Health service statistician

  • Market research statistician

  • Medical statistician

  • Pharmaceutical statistician

  • SAS programmer

  • Statistician

  • Scientist

  • Teacher/Professor

Employers

  • Actuary firms

  • Agriculture companies.

  • Armed forces

  • Banks.

  • Bio-infor¬matics institutes.

  • Business houses

  • Industries

  • Informatimation Technology companies  and KPO’s

  • Government.

  • Health and Medicine institutes.

  • Insurance companies.

  • Sports establishments

  • Colleges/Universities.

  • Tourism companies.

Courses

  • Certificate Course in Financial Statistics

  • One year Diploma in Health Statistics. Kolkata University. www.caluniv.ac.in

  • BSc. (Hons.) Statistics.

  • B.Sc. Applied Statistics

  • B.Sc. Statistics

  • M.Sc. Applied Statistics

  • M.Sc. Statistics

  • Master of Statistics (M.Stat)

  • M.Phil. Statistics

  • Ph.D. Statistics

Candidates who wish to apply for Undergraduate course should have passed 10+2 or equivalent examination. For admission to M.Sc. courses students who have passed B.Sc./B.A. with Mathematics/Statistics as one of the subjects, or passed B.Sc in Computer Science. Some Universities and Institutes conduct specific entrance tests to gauge the aptitude of the aspirants.

BSc. Distant courses

Important Institutes

International societies/Institutes:

Examinations

  • Indian Statistical Service (ISS)is for those who are interested in having a career with the government. Every year the UPSC conducts an All India Level Competitive Examination to fill vacancies in the Indian Statistical Service (ISS). For ISS, Master’s degree with Statistics or Mathematical Statistics or Applied Statistics from a recognised University is essential.

  • UPSC Civil Services Examinations www.upsc.gov.in

  • NET examination www.ugc.ac.in

  • GATE examination www.iitk.ac.in/gate

Opportunities abroad

 

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