BSc Statistics

BSc Statistics is a 3 year undergraduate course that broadly deals with the areas of Probability and Statistical Methods, Numerical Analysis, Survey Sampling, etc that is essential for analysis of statistical data and solving statistical problems. BSc Statistics course can be pursued after class 12 and the BSc Statistics Syllabus is spread over six semesters covering different aspects. The course includes numerous teaching aids such as lectures, flying and simulation training, assignments, etc aimed at offering classroom, and practical training as well.

The students willing to pursue a BSc in Statistics must have completed 10+2 in science stream with Physics, Chemistry, and Mathematics a compulsory subjects. They must obtain a minimum of 50% marks from a recognized board in India to get BSc Statistics Admission. Admissions are granted to top BSc Statistics Colleges on the basis of merit and also on the candidates’ performance in the different entrance exams such as IISER IAT etc. BSc Statistics admission can also be taken in top colleges and universities of India through CUET. The average annual fees required to study BSc Statistics course vary from INR 20,000-1, 50,000.  Many candidates apply for the BSc Statistics course as there are numerous job opportunities in this sector and are expected to create more than 20 Lakh jobs in the coming 5 years. The average salary after pursuing BSc in Statistics ranges from 2-5 lakhs per annum.
 

About BSc Statistics

BSc Statistics is a three-year bachelor's degree program that teaches students about numerous statistical fields. The BSc Statistics degree entails the collection, organization, and analysis of statistical data. Students interested in pursuing a BSc Statistics course must have finished 10+2 with Physics, Chemistry, and Mathematics as courses. For BSc Statistics admission, a minimum of a 50% grade from a recognized Indian school is required. Admission to top BSc Statistics colleges is based on merit and performance in entrance tests like GSAT, BHU UET, DSAT, SUAT, and others. The typical annual fees for a BSc Statistics degree range from INR 20,000 to INR 1,50,000. 

The BSc Statistics course prepares students for a successful career in management by providing in-depth knowledge of statistics, mathematics, risk assessment, combinations, and permutations. Statistics software is utilized virtually every day, and its solutions can be employed in a variety of sectors, including economics, life sciences, data science, risk management, conflict resolution, and marketing management. With a BSc Statistics degree, work opportunities exist in both the public and private sectors. Banking, trading businesses, stock markets, transportation, and schools/ colleges are just a few examples.

The tabulated data below will help candidates understand the major aspects of the BSc Statistics course. A few of the important features of the BSc Statistics undergraduate program are BSc Statistics course duration, BSc Statistics eligibility, BSc Statistics course fees, BSc Statistics top colleges, etc.

The BSc Statistics program covers a wide range of mathematical, probability, and statistics concepts as well as logic conclusions. BSc Statistics degree includes an overview of advanced concepts and theories, mathematical proofs, data analysis and modeling, regression, and other topics. Many colleges around the world require statistical software, programming languages, and research projects as part of their curriculum. The level of expertise obtained during the BSc Statistics course will provide a solid basis for advanced courses such as MSc Statistics or MSc Mathematics. 

BSc Statistics focuses on Probability and Statistical Methods, Survey Sampling, Numerical Analysis, and other related topics. This training is quite helpful in navigating the domains of risk assessment and management. The most significant aspects of the BSc Statistics course curriculum are computer science and mathematics.

BSc Statistics is an undergraduate course that teaches students how to study, learn, and use statistics and mathematics in order to succeed in their careers. The need for BSc Statistics graduates is rapidly increasing, and many national and international companies, including banks, financial institutions, and research and development corporations, are looking for qualified graduates in this subject.

Statistics is unquestionably a profitable profession. People who have earned a bachelor's degree in statistics are in high demand in today's business world, which is becoming increasingly data-driven. Statistics are used in a variety of investigations, ranging from demographic studies to environmental studies. One can work as a business analyst, research officer, data analyst, or even an investigator with a bachelor's degree in statistics.

In the government sector, statisticians are needed to work on studies and research on consumer prices, economic fluctuations, employment patterns, demographic trends, and other topics. The Union Public Service Commission holds tests practically every year to select officials for the Indian Statistical Services. Marketing, insurance, and information technology all demand statistical expertise in the private sector. 

Overall, the BSc Statistics course is highly industry-oriented and candidates opting for the BSc Statistics undergraduate program will be able to develop problem-solving skills, analytical skills, and logical reasoning skills that will make a BSc Statistics graduate a valuable asset for any firm. The need for BSc Statistics graduates is rapidly increasing, and many national and international companies, including banks, financial institutions, and research and development corporations, are looking for qualified graduates in this subject.

Following students should study BSc Statistics:

• Who have successfully completed their 10+2 from a recognized school board with an aggregate percentage of 50% or above
• Who have chosen Physics, Chemistry and Mathematics as subjects in 10+2
• Who are curious to study research models and meaningful data derived through the help of statistical models
• Who have a deep interest in statistics and its practical applications should also choose the BSc Statistics course to pursue
• Who have taken biology in 10+2 but are keen on deriving and recording experimental data in laboratories with the help of statistics

The following are the BSc Statistics eligibility requirements that students must meet:

• Students must have completed Class 12 with a minimum aggregate of 50% in all of the subjects from an accredited school.
• Candidates must also have completed Class 12 and have Mathematics as one of their core subjects.

The BSc Statistics course eligibility criteria may vary slightly from college to college depending on their admission requirements and laid down procedures for admission to the BSc Statistics course.

Admission to BSc Statistics courses by various colleges and universities in India is offered through two methods: Direct/Merit-based admissions and the other is Entrance exam based admissions to BSc Statistics courses.

BSc Statistics Merit-based or Direct Admission

In India, most of the colleges use a merit-based or direct admission system to admit students to their BSc Statistics courses. The merit-based procedure for admission to BSc Statistics program used by various colleges is mentioned below:

• Candidates are chosen on the basis of merit in this process, based on their performance in the qualifying examination.
• To apply for this method, candidates just simply apply to the institution or university.
• After the results of the Board's examination are revealed, colleges will announce their cut-off scores.
• Candidates who scored greater or equal to the projected cut-off score will be entitled to enroll in the institute's programme.
• If a student does not meet the cut-off score on the first cut-off list, they must wait until the second cut-off list or apply to any other college with a lower cut-off score.

BSc Statistics Entrance Exam based Admission

Admission to some colleges for BSc Statistics is done through entrance tests.

• Candidates must appear for the college's entrance examination as part of this process.
• Candidates are chosen based on their performance in university/college entrance examinations.
• Candidates must first register for the college's entrance exam in order to be considered for this admissions process.
• The college will send the exam schedule before the entrance exam.
• The college will reveal its cut-off list after the entrance exam results are released.
• If a candidate's name appears on the merit list, he or she is eligible to enroll in the course.

Students who undertake the BSc Statistics course get equipped with strong data analysis and data manipulation skills. The BSc Statistics three-year undergraduate program helps students in dealing with a variety of data collection topics, numerical presentations, and practical projects that further help the BSc Statistics candidates sharpen their numerical, analytical, and reasoning skills. A few of the key skills required by BSc Statistics students are mentioned below:

• Presence of analytical skills and a research-oriented mindset
• Ability to correctly interpret large chunks of data using statistical and mathematical methods
• Ability to identify the flow of work patterns
• Excellent reasoning and problem-solving skills along with high IQ
• Ability to decipher abstract mathematical concepts
• Excellent communication skills
• Strong interpersonal skills
• Strong decision-making skills
• Ability to work collaboratively

Most of the BSc Statistics courses offered by various colleges and universities in India are of regular mode which means candidates will apply for the BSc Statistics course in a particular institute of their choice, clear the entrance exam, or get the admission on merit basis into the BSc Statistics course depending upon the requirement of the particular college that a student wishes to study in. Once admitted into the BSc Statistics course of a particular university/ college, the students will have to attend the college/ university on a regular basis to study the BSc Statistics course, unlike the BSc Statistics distance education course for which the students will not have to attend the institute to complete their BSc Statistics course. The BSc Statistics distance course will be delivered completely online and the students who have applied for the BSc Statistics correspondence course can attend lectures online at their home or any other suitable place.

There are very few colleges in India that offer BSc Statistics distance courses, a few of those institutes are mentioned below:

After 12th grade, there are numerous BSc Statistics entrance examinations to choose from, and the top four BSc Statistics entrance exams are given below so students can determine which exam they should take based on their interests and how it will help them reach their goals of getting into top BSc Statistics colleges in India.

The top four BSc Statistics entrance exams in India are mentioned below: 

• CUET: The National Testing Agency (NTA) administers the CUET. It is a nationwide common entrance examination for admission to undergraduate programs.
• GSAT: The Gandhi Institute of Technology administers the GITAM Science Admission Test (GSAT) to students seeking admission to undergraduate and postgraduate science programs. This entrance exam is a nationwide aptitude examination that takes place once a year.
• DSAT: The Dayanand Sagar Admission Test (DSAT) is held by Dayananda Sagar University (DSU) for Undergraduate and Postgraduate degrees. DSAT is a national entrance exam that is offered in both offline and online formats.
• SUAT: Sharda University Admission Test (SUAT) is a university-level admission test for Sharda University's multiple undergraduate and postgraduate programs. The SUAT exam lasts 90 minutes (1.5 hours). SUAT is an online computer-based exam.

Tips to Prepare for BSc Statistics Entrance Exams

The candidates can check the strategy of scoring good marks in the BSc Statistics entrance exam mentioned below.

• It is very important for the students to have a proper knowledge of the subjects like Mathematics, Physics, and Chemistry, as these subjects will have a good weightage in the test.
• The students must refer to the books of the famous authors. They should also practice taking a maximum number of mock tests so that you can get a better understanding of your preparation.
• The students need to focus on their weak areas and cover the entire syllabus properly so that they do not miss out on anything. 
• Students who are appearing for the entrance exam should  stay motivated and confident before and during the exam so that they do not get nervous. This practice will make them boost their knowledge and confidence so they can continue their preparation in a very enthusiastic  manner.

Most of the colleges and universities follow a similar curriculum for their three year undergraduate BSc Statistics program. The BSc Statistics course includes topics like probability theory, linear algebra, matrices, Programming language C, etc.

Below mentioned is the year-wise BSc Statistics syllabus:

BSc Statistics Syllabus Year-1

BSc Statistics Syllabus Year-2 

BSc Statistics Syllabus Year-3

There are certain options in a BSc Statistics program that are available at both the Undergraduate and Postgraduate levels, allowing you to learn advanced and domain-specific expertise. Below is a list of some of the possible options:

• Statistics and Applied Mathematics
• Quantitative Finance
• Bioinformatics
• Computational Biology
• Financial Mathematics
• Decision Analytics
• Data Science
• Statistical Biology

The sort of college attended, the student's scholarship status, the college's ranking, and other factors all influence tuition fees. The BSc Statistics program’s average tuition expenses often range from INR 5K to 1.5/2 LPA.

The following are the BSc Statistics average annual fees for some of India's best colleges from different cities in India offering BSc Statistics program:

In the table below we've laid out the differences between BSc Statistics and BSc Statistics Honours program based on a few key factors:

The need for BSc Statistics graduates is rapidly increasing, and many national and international companies, including banks, financial institutions, and research and development corporations, are looking for skilled graduates. In the next five years, this industry is predicted to generate more than 20 lakh jobs. As a result, BSc Statistics has become one of the most popular options for students interested in pursuing a career in finance. However, in addition to pursuing a career in one of the aforementioned fields, one can pursue higher education. Studying M.Sc Actuarial Science and pursuing a Master's in Statistics with Actuarial Science as a speciality.

Recent corporate trends have shifted toward analyzing data to better understand consumer behavior patterns. Students pursuing a bachelor's degree in statistics play an important role in gathering and interpreting enormous volumes of data. By finishing the BSc Statistics undergraduate degree, students with good mathematical skills, reasoning ability, and analytical skills might opt to become statisticians. Big and small businesses alike demand BSc Statistics graduates interpret, analyze, and compute enormous amounts of data in order to produce meaningful results, which helps businesses better understand their customers, enhance earnings, and overall organizational productivity.

A few of the top city-wise colleges in India based on NIRF 2022 rankings and overall popularity that offer BSc Statistics courses are listed below:

BSc Statistics Institutes - Delhi

• Hindu College
• Lady Shri Ram College for Women
• Sri Venkateswara College
• Ramjas College
• Kirrori Mal College
• Shaheed Rajguru College of Applied Sciences for Women

BSc Statistics Institutes - Mumbai

• Narsee Monjee Institute of Management Studies (NMIMS)
• St. Xavier’s College
• Ramnarain Ruia Autonomous College
• DG Ruparel College of Arts Science and Commerce
• Kishinchand Chellaram College
• Elphinstone College

BSc Statistics Institutes - Bangalore

• Christ University
• St. Joseph’s College
• Mount Carmel College
• Kristu Jayanti College
• Reva University
• Indian Academy Group of Institutions

BSc Statistics Institutes - Chennai

• Presidency College
• Loyola College
• Bharath University
• DR. BR Ambedkar Govt. Arts College
• SDN Bhatt Vaishnav College for Women
• SCSVMV University

BSc Statistics Institutes - Hyderabad

• Gandhi Institute of Technology and Management (GITAM)
• St. Joseph College
• St. Ann’s College for Women
• Aurora Degree College
• Indian Institute of Management and Commerce
• AV College of Arts Science and Commerce

How to get Admission in a Good BSc Statistics College?

The candidates who want to secure a seat into the top BSc Statistics colleges under Delhi University colleges, BHU, etc, can check the points to remember mentioned below.

• The candidates must make sure to score good in their 12th board examinations. The candidate has to score excellent marks in mathematics.
• The candidates must be very active, alert and keen to check all the details about the admission procedure and also during the form filling for the application process.
• The candidates must prepare well for entrance exam, if they want their dream college that offers admission on the basis of the entrance exam.
• The candidate should be well prepared in advance for the entrance test so that they score decent marks for getting selected in the best colleges of BSc statistics. 
•  Group discussion and personal interview rounds are also taken by many institutes and universities, so the candidates should also be ready to face GD and PI well in advance.
• The candidates must be updated with each and everything related to entrance exams like- all the updates of important dates like application process, application deadline, entrance exams dates, hall ticket, result, counselling process etc.

Best Universities in India for BSc Statistics

The candidates can also check some best universities of India that offer BSc Statistics course. We have mentioned  some of the academic institutions of India offering BSc Statistics which is very renowned and famous.

• Mount Carmel College
• Christ University
• NIMS University
• St. Xavier’s College 
• Lovely Professional University
• Elphinstone College
• Ramnarain Ruia Autonomous College 
• Fergusson College
• Chandigarh University

BSc Statistics Online

The candidates can check all the details related to Statistics courses Online offered by some of the platforms given below. We have also provided statistics courses online fees and duration.

Candidates with a BSc Statistics degree can work in both the public and private sectors. Advanced statistics courses such as M.Sc, M.Phil, and Ph.D. are available to BSc Statistics students interested in pursuing higher education in statistics. BSc Statistics aspirants can also pursue Actuarial Science and work in a variety of financial and trading firms, as well as jobs in banking, information technology, and quality control. Some of the common employment areas for a BSc Statistics graduate include:

• Research and Development Firms
• Finance Institutions
• Banking Sector
• Trading Companies
• Insurance Companies
• Stock Exchanges
• Transportation Sector
• Educational Institutions

Below listed are some of the popular BSc Statistics jobs that BSc Statistics graduates could be interested in as well as the average salary scale for each BSc Statistics job profile:

Data Analyst: The data analyst is in charge of whatever data gathering management a corporation requires. Their primary responsibility is to prepare all types of data for a corporation, and they collect, validate, transform, and present the data in a more user-friendly format. BSc Statistics graduates are equipped with data-driven minds that will help them to re-arrange and assemble large chunks of data in a more understandable format which will help firms make better decisions and increase their profits.

Financial Analyst: Financial analysts perform several important functions in a corporate firm and a few of their important duties and responsibilities are listed below:

• Cash flow forecasting, reporting, and operational metrics tracking 
• Create financial models after analyzing financial data for better and quick decision-making.
• Creating regular assessments to improve financial performance after each financial reporting period.

Financial Accountant: Financial accountants collect and track financial data. Financial accountants generate balance sheets and income statements, as well as give cost and revenue analysis and financial recommendations. A few of their responsibilities are mentioned below:

• Creating reports on a weekly, quarterly, and annual basis.
• Carrying out internal company audits
• Keeping track of tax payments.
• Handling the organization's budgets.
• Accounting irregularities are tracked and reported on.

Analyst-Broking: Broking analysts examine financial data on stocks and companies in order to assist investors and entities in making investment decisions. They work for financial institutions, stock brokerage firms, and insurance companies, as well as government agencies and large corporations.

Statistician: Statisticians are experts who use statistical methods and models to solve problems in the real world. They gather, analyze, and evaluate data to aid in the making of diverse business choices. Statisticians are in high demand across a wide range of industries, with positions in corporate, science and medicine, administration, natural sciences, and environmental sciences among the most common. 

Credit Risk Strategist: Credit strategists assist organizations in underwriting and managing their portfolios, as well as directing credit strategy and developing growth-friendly solutions that mitigate risk. This is a high-impact position that requires collaboration across departments such as Sales, Legal, Treasury, and Finance.

A degree in BSc Statistics is extremely valuable because a lot of big reputed companies including fast growing startups require BSc Statistics graduates to control, assess, interpret and evaluate huge amounts of data so that the businesses can run and function smoothly. The skills of a BSc Statistics graduates are indispensable for reputed organisations and that is why BSc Statistics graduates are paid really well. The starting salary for a BSc Statistics graduate ranges from INR 5,00,000 to INR 10,00,000 LPA. Some of the top recruiters that hire BSc Statistics graduates are mentioned below:

• Google
• Deloitte
• Cognizant
• Wipro
• Federal Bank
• IBM
• Infosys
• HDFC Bank
• UBS

BSc Statistics graduates can get hired in the public as well as the private sectors. A BSc Statistics graduate can work in many positions according to their interests and career goals. A BSc Statistics graduate can work in positions like Data Analyst, Actuarial Manager, Statistician, etc. Below mentioned are some of the popular job profiles that BSc Statistics graduates can work under and their respective salaries.