MBA in Statistics

MBA in Statistics or a Master in Business Administration in Statistics is a two-year postgraduate course. Through the MBA in Statistics course, skills and insights are developed in the students that are required to draw inferences and conclusions from several types of data. Nowadays, data is an essential part of all organizations, no matter which sector. A key challenge that is faced by managers of even great companies is the interpretation of the vast amount of data that is generated in the world of business today.

This is inevitable as modern computing systems now produce large volumes of data and information. Previously, one could often only rely upon guesses and intuition but times have changed and this practice is no longer advisable. Statistics and data analysis offer a systematic approach that can be extremely helpful in providing answers to these questions. An MBA in Statistics course develops the skills and aptitude of students that are required for making effective use of statistical methods.

The course provides knowledge that is needed to select and apply techniques and also to communicate statistical results. The theory part of an MBA in Statistics helps in motivating and comparing alternative schemes whereas interpretations in realistic applications offer guiding examples. An MBA in Statistics also provides useful skills that are capable of augmenting the substantive managerial abilities of students. This course offers exposure to computer software which implements key techniques as well.

The top colleges offering MBA in Statistics courses in India include Banaras Hindu University, University Of Hyderabad, Hyderabad, Aligarh Muslim University, Banasthali Vidyapeeth, Jaipur, Lady Shri Ram College, and more. The average MBA in Statistics fees in India is INR 50,000 to 10 Lakhs per annum. Graduates in any field with 50% aggregate marks can apply for this course. Many colleges offer admission on the basis of scores in entrance exams like GMAT, MAT, CAT, XAT, etc. Read below for complete information about MBA in Statistics.

Have a look at the major highlights of an MBA in Statistics course provided in the table below.

Check out the MBA in Statistics syllabus for each semester provided below.

MBA in Statistics Syllabus for First Year

MBA in Statistics Syllabus for Second Year

Candidates seeking admission into the MBA in Statistics course can check out the list of top colleges they can apply to

The programme of MBA in Statistics offers jobs to candidates in several avenues. Various fields such as agriculture, business, industry, computer science, healthcare, pharmaceutical, automobile etc. are on a constant hunt for MBA graduates with specialisation in statistics. Students can land at lucrative jobs in both government and private sector after they are done with their degree of MBA in Statistics. Some of the most popular jobs offered to those who possess an MBA in Statistics are given below.

• Statisticians
• Mathematician
• Business Analyst
• Risk Analyst
• Professor
• Content Analyst
• Data Analyst
• Data Scientist
• Statistic Trainer
• Econometrician
• Consultant
• Biostatistician