MBA Statistics: Course Details, Admission, Fees, Eligibility, Syllabus, Jobs & Salary

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About MBA in Statistics

The subject of Statistics has been gaining immense popularity in the past few years due to which institutes have started programmes in statistics on different levels. One of these programmes is Master in Business Administration in Statistics. An MBA in Statistics is among the newly introduced courses that have lured many students due to their high popularity and innovative course structure. It is a programme of the postgraduate level that is completed in two years and is also offered through the distance or correspondence modes by some institutes.

Through the programme of MBA in Statistics, 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 organisations, 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 which 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 practise 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 develops the skills and aptitude of students that are required for making effective use of statistical methods. The course provides knowledge which is needed to select and apply techniques and also to communicate statistical results. The theory part of 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.

MBA in Statistics Syllabus

First Year:

Fundamentals of Management	Organisational Behaviour
Principles of Statistics Management	Accounting for Managers
Marketing Methods for Business Decisions	Information Technology for Managers
Indian Ethos and Values	Business Communication
Human Resource Management	Financial Management
E-Business Fundamentals	Quantitative Techniques
Personality Development	Consumer Behaviour

Second Year:

Introduction to Statistics	Meaning, Role, and Techniques of Statistics
Probability and Probability Distribution	Correlation Analysis
Regression Analysis	Time Series Analysis
Chi-Square Analysis	Sampling Theory and Tests of Significance

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

FAQs about MBA in Statistics

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.

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.

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 duration of the course MBA in Statistics ?

MBA in Statistics is a 2 year course.