MBA in Statistics

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Mar 13, 2023 19:31PM IST

About 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.

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MBA in Statistics Highlights

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

MBA in Statistics Highlights

Course NameMBA in Statistics
Duration2 Years
Entrance ExamCAT, MAT, XAT, GMAT
Eligibility CriteriaBachelor's degree in any field with 50% marks
Top CollegesBanaras Hindu University, University Of Hyderabad, Hyderabad, Aligarh Muslim University, Banasthali Vidyapeeth, Jaipur, Lady Shri Ram College, etc.
Average FeesINR 5 - 10 LPA
Average SalaryINR 5 - 10 LPA
Top Job ProfilesStatistician, Mathematician, Business Analyst, Risk Analyst, Professor, Content Analyst, Data Analyst, Data Scientist, Statistic Trainer, Econometrician, Consultant, Biostatistician, etc.
Areas of EmploymentManufacturing Sector, Public Sector, Scientific Research Organizations, Research Organizations, Banking Sector, Research Centers, Pharmaceutical Companies, Educational Institutes, Market Research Companies, Insurance Companies, etc.
Top RecruitersNeilson, Deloitte Consulting, Tata Consultancy Services Innovation Labs, Blue Ocean Marketing, BNP Paribas, Goldman Sachs, Genpact, etc.
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MBA in Statistics Syllabus

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

MBA in Statistics Syllabus for First Year

Fundamentals of ManagementOrganizational Behaviour
Principles of Statistics ManagementAccounting for Managers
Marketing Methods for Business DecisionsInformation Technology for Managers
Indian Ethos and ValuesBusiness Communication
Human Resource ManagementFinancial Management
E-Business FundamentalsQuantitative Techniques
Personality DevelopmentConsumer Behaviour

MBA in Statistics Syllabus for Second Year

Introduction to StatisticsMeaning, Role, and Techniques of Statistics
Probability and Probability DistributionCorrelation Analysis
Regression AnalysisTime Series Analysis
Chi-Square AnalysisSampling Theory and Tests of Significance
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Top MBA in Statistics Colleges in India

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

Name of the InstituteLocation
University of HyderabadHyderabad
Pondicherry UniversityPondicherry
NIMS UniversityJaipur
Banaras Hindu UniversityVaranasi
Mumbai UniversityMumbai
Hindu College New Delhi
Aligarh Muslim UniversityAligarh
Loyola CollegeChennai
Annamalai UniversityCuddalore
Utkal UniversityBhubaneswar
Sri Venkateswara CollegeNew Delhi
Madras Christian CollegeChennai
Lady Shri Ram CollegeDelhi
Dr. D.Y. Patil Arts, Commerce and Science CollegePune
The Oxford College of ScienceBangalore
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MBA in Statistics Career Options and Job Prospects

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
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FAQs about MBA Statistics

What is the duration of the course MBA in Statistics ?

MBA in Statistics is a 2 year course.

What are the popular specializations related to MBA in Statistics ?

Some of the popular specializations for M.B.A. (Master of Business Administration) are : Global Business Operations , Information System Management , Operations Research , Material Science.

What is the average fee for the course MBA in Statistics ?

The average fee for MBA in Statistics is INR 8,00,000 per year.

I want admission in MBA in Statistics. Do I have to clear any exams for that ?

Lovely Professional University National Eligibility and Scholarship Test , Karnataka Management Aptitude Test , NIPER Joint Entrance Exam , Tamil Nadu Common Entrance Test , IBS Aptitude Test are some of the exams that you can appear for to get admission in MBA in Statistics courses.

What are the top colleges offering MBA in Statistics courses ?

Following are some of the top colleges offering Management courses : Indian Institute of Management Ahmedabad (Ahmedabad) , S.P. Jain Institute of Management and Research (Mumbai) , International Management Institute (New Delhi) , Narsee Monjee Institute of Management Studies (Mumbai) , Jamnalal Bajaj Institute of Management Studies (Mumbai). You can explore these colleges on our website to check if they offer MBA in Statistics or not.
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Related Questions


priyal Babbar, Student / Alumni

-Answered on Feb-05-2024
Hi there, LPU offers several MBA programs with various specializations such as HR, Finance, Hospitality, Healthcare and many more. The admission for the next academic session has begun. You can register and book your LPUNEST slot. If you are awaiting your result then you can take provisional admission as well. Good Luck

Subhashri Roy, Student / Alumni

-Answered on Jan-05-2024

Dear student,

Around 126 colleges are accepting XAT score 2024. Some of the top MBA colleges accepting XAT score 2024 include the following:

You can also check out the XAT score vs percentile 2024 to predict your chances of getting into the XAT participating colleges. 

For admission-related assistance, please fill out our Common Application Form or call on our toll-free number 1800-572-9877. 

Thank you.


P sidhu, Student / Alumni

-Answered on Dec-20-2023
LPU NEST 2024 Application Form has been released via online mode. Exam Dates have been announced. It stands for Lovely Professional University National Eligibility and Scholarship Test. LPU NEST exam is conducted in different slots from January and April onwards. It is a university level entrance exam which is conducted for various courses including B.Tech, MBA etc. Candidates who want to get admission in Undergraduate and Postgraduate programmes can enrol in the exam. No. of LPU graduates are working at various MNC’s at high paying packages across the globe. Mittal School of Business, which attracts students from various parts of the world, is one of India’s foremost ‘Business Schools’ recognized for its industry-oriented and technology focussed curriculum, interactive and hands-on pedagogy, accompanied by intensive industry interface which also involves training of national and international industry professionals. A multidisciplinary campus and multicultural environment suffused with student activity ensures all round development of its graduates, grooming them for successful entrepreneurship and global careers. LPUs Mittal School of Business exhibits a rich diversity among students and faculty who flock to this centre of excellence from all parts of the country and across the globe. We believe that innovation and excellence flourishes in an environment that embraces diverse perspectives and nurtures free expression which ultimately helps them to adjust to any work environment while celebrating divergence.

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