A BSc Statistics is a bachelor’s degree program encompassing the field of Statistics that equips students with problem-solving skills and mathematical comprehension essential for tackling diverse statistical applications. Let’s explore what this course entails as well as the top universities from where you can pursue this degree.
|Course Name||Bachelor of Science in Statistics|
|Course Level||Undergraduate Level|
|Duration of the Course||3 to 4 years|
|Eligibility Criteria||10 + 2 with Maths as a core subject|
|Entrance Exams Abroad||SAT, ACT + IELTS/ TOEFL|
|Entrance Exams in India||GSAT, BHU UET, DSAT, SUAT|
|Average Salary||INR 4,50,000 to 8,00,0000 Per Annum|
|Top Recruiting Companies||Cognizant, IBM, Infosys, Wipro, Federal Bank, etc|
|Job Profiles||Statistician, Risk Analyst, Actuary Manager, etc|
|Employment Areas||Finance Institutions and Banking sector|
This Blog Includes:
What is BSc Statistics?
Running for a period of 3-4 years, the course imparts extensive knowledge in concepts of Mathematics, Probability, and Statistics along with logic and proofs. This UG degree involves an introduction to highly advanced concepts and theories, mathematical proofs, data analysis and modelling, regression, etc. Statistical software, programming languages, and research projects are an essential part of the course structure of many universities worldwide. The knowledge gain at this level will build a strong foundation for advanced courses like MSc Statistics.
BSc Statistics Major Subjects
Bachelor of Science in Statistics has evolved into a multidisciplinary course today. Mathematical experts, computer scientists, and philosophical scholars are delving into the questions and applying their respective techniques to Statistics. As a result, a BSc Statistics comprises of wide-ranging subjects as well as a host of electives to choose from. Here is a summarized list of what you can expect to study during the duration of the course:
|Algebra||Topics of vectors, matrices, equations, and systems of equations, eigenvalues, linear independence, spans, orthogonality are broadly discussed are included.|
|Calculus||This forms the basis of a lot of interrelated topics in a BSc Statistics program. Functions, limits, derivatives, exponents, logarithms, differentiation, and integration along with their various applications, series, are a few of the sub-topics which are dealt with during the study of calculus.|
|Proofs and Problem Solving||The technique of solving is the essence of mathematical analysis. Various proofing methodologies and dealing with different kinds of problems are extensively discussed.|
|Probability Analysis||During the duration of the course of BSc Statistics, various topics of probability such as sample spaces, independence, continuous probability, distributions, etc are included for advanced study and discussion.|
|Pure and Abstract Mathematics||This is the most puzzling subject taught during the BSc Statistics program. Real analysis forms a large portion of the subject along with linear transformations, theorems of intermediate value, extreme value, and inverse function among others.|
|Data Science||Here, students get a hands-on opportunity to analyze data, its types, and techniques of analysis, visualization, etc. With some of these tools, more substantive topics like regression, predictive modelling, interpretation, etc are also covered.|
Year Wise BSc Statistics Syllabus
Now that you are familiar with the major subjects taught in a BSc Statistics course, here is a year-wise program curriculum that will familiarise you with the structure of the program:
|Year 1||Micro and Macroeconomics
Introduction to Programming
|Year 2||Probability and Distribution
|Year 3||Statistical Inference
Applied & Computational Mathematics
Note: This is for indicative purposes. The course curriculum will vary from one academic institute to another.
Eligibility Criteria for BSc Statistics
If you are interested in pursuing BSc statistics, it is essential to abide by all the entry requisites that the universities of abroad demand. Let us now understand what all is required to successfully secure a seat in the top universities in the world offering BSc Statistics-
- Candidates must have completed the formal education of 10 + 2 from a recognised board
- It is necessary for applications to have Mathematics as their core subjects in class 12
- A good score in English language proficiency exams like IELTS, TOEFL, etc.
- Minimum required score in SAT or ACT exam
On the other hand, if you are interested in pursuing this course in India, them, some universities demand candidates to qualify certain entrance exams such as- GSAT, BHU UET, DSAT, SUAT, etc.
Offered at both the UG and PG levels, there are certain tracks/concentrations which you can choose in a BSc Statistics course in order to gain advanced and domain-specific knowledge. Some of the options have been given a rundown below:
- Decision Analytics
- Data Science
- Statistics and Applied Mathematics
- Quantitative Finance
- Computational Biology
- Financial Mathematics
- Statistical Biology
Note: The specialisation and course curriculum of BSc Statistics is for indicative purposes. This can vary from one university and country to another.
The USA is hailed as the top destination for studying and conducting research in Statistics as it consistently has produced high-quality scholars and professionals in the field of Statistics and its allied domains. However, there are other destinations housing some of the top universities in the world that offer a very comprehensive BSc Statistics course. Some of them have been tabulated below.
|London School of Economics and Political Science||UK|
|University of Toronto||Canada|
|The University of Hong Kong||Hong Kong|
|The University of Sydney||Australia|
|University of Essex||UK|
|University College Dublin||Ireland|
|University of Otago||New Zealand|
|University of New South Wales – UNSW||Australia|
|University of Alberta||Canada|
Best Universities in India
Apart from the above-mentioned universities, here are some of the academic institutions of India offering BSc Statistics-
- St. Xavier’s College
- Lovely Professional University
- Christ University
- Fergusson College
- Chandigarh University
- NIMS University
- Elphinstone College
- Ramnarain Ruia Autonomous College
- Mount Carmel College
What After BSc Statistics?
Upon graduating with a BSc Statistics degree, you can either pursue higher education or can kick start your professional journey. Those who opt to pursue full-time job roles after the course can mainly find one in employment areas like Finance Sector, Banking Sector, Educational Sector, Research and Development, etc. In the following table, we have collated a list of work profiles along with responsibilities and salaries. Apart from the professional route, we have listed down the postgraduate courses which you can opt for after this BSc course.-
|Data Analyst||Whatever data management for collection a company requires, is managed by the data analyst. Their main role is to collect, validate, transform and then represent the collected data in a comprehensive manner.||7,00,000|
|Financial Analyst||Financial Analysts are employed under the accounts department of organisations and are expected to manage, prepare and analyse the accounting information.||8,00,000|
|Analyst Broking||Broker Analysts assist the stockbrokers with essential inputs related to stock market, fund management etc.||5,50,000|
|Financial Accountant||The main role of a Financial Accountant is to supervise that the entire practice of accounting and finance is being carried out properly.||5,00,000|
Other prominent work profiles are-
- Market Research Analyst
- Technical Writer
- Content Analyst
- Research Associate
- Data Analyst
Higher Education Programs
Now that you are familiar with what all are the main job profiles that are available after completing BSc Statistics along with the salary bracket, here are some of the top recruiters of this field-
- Federal Bank
- HDFC Bank
The subjects covered in BSc Statistics is a combination of Mathematics and Economics. The popular subjects include – Probability, Algebra, Calculus, Problem Solving and Trigonometry.
In today’s world, a career in Statistics can be lucrative and full of growth opportunities. Most of the companies and governments take rely on data or statistics to formulate their strategies, create a plan or design a service. Application of Statistics can be seen on a wide range of fields like Medicine, Marketing, Health, Biology, Sports, Banking, etc.
The answer to this question lies in your personal interests and career aspirations. If you are interested in gaining more theoretical knowledge for a particular specialization then it can be a great program for you.
Both Bsc Mathematics and Statistics are closely related but their application varies to a great extent. While BSc Statistics is more of an application based, real-life problem-solving subject, BSc Mathematics is more of a theory based course focusing more on proof writing.
Statistics is a subdivision of Mathematics which includes collection, analysis, interpretation or explanation and presentation of data. It provides tools for predicting and forecasting the economic activities. It is useful for an academician, government, business etc
There is ever-increasing competition for limited places at the top universities offering BSc Statistics. But a well-curated and well-thought-out approach is all you need to crack these universities. Leverage Edu experts can help you throughout the process of applying for BSc Statistics, getting shortlisted and ensuring that you land a seat in the flight of your dreams.