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B.Sc Statistics 2023: Salary, Career, Scope, Vacancies, Job Sectors, Companies, Government Jobs, Careers

OverviewJobsSyllabusBSc Statistics AdmissionQ&AB.Sc Statistics Colleges

With Statistics students learn to handle plenty of data and hence can find employment in the following areas:

  • Banking industry
  • Financial Services
  • Broking Industries
  • Accounting and Finance
  • Academic and Educational Institutions

Check B.Sc Statistics Syllabus

Job Profiles

In the above mentioned sectors, following are job profiles which one can expect:

Job Profile

Description

Financial Analyst

Financial analysts work in the accounts department of a company and prepare, manage and analyse accounting information.

Data Analyst

Data analysts work with any and every kind of data for a company. They collect, validate, transform, present and make conclusions based on the collected and modified data.

Financial Accountant

Financial accountants ensure and supervise effective operation of accounting and financial activites of a company.

Operations Officer-Banking

An Operations Officer is responsible for providing support to all business units within an organization. They are also responsible for allocating budget and manage expense for all business operational activities.

Analyst- Broking

A Broking Analyst essentially provides stockbrokers, fund managers and stock market traders with financial information, advice and recommendation on the basis of available investment data.

Credit Control Executive

A Credit Control Executive determines a prospective creditor’s eligibility for loan and manages the debts of existing customers.

Some of the top recruiters for B.Sc. Statistics graduates are given below. These recruiters vary from public sector banks to private finance firms.

  • Accenture
  • GE Capital
  • Genpact
  • HDFC Bank
  • Reserve Bank of India
  • Indian Market Research Bureau

B.Sc. Statistics: Salary Trends

The Banking and Finance industry has been growing at a steady rate in the last couple of years. With the introduction of IT tools and techniques, there has been a still better growth in the industry.  The workforce requirement in this sector is expected to be nearly 4.2 million and the sector may create about 20 Lakh jobs in the coming 5 years. This growth is bound to increase demand for skilled professionals with knowledge of Finance and Statistics. Hence, B.Sc. Statistics can be a prudent choice for those vying for a career in Finance industry.

The graph below shows the current salary trend in Banking and Finance industry for profiles offered to B.Sc. Statistics graduates. 

salary graph for B.Sc. in Statistics

Ask your question

Answered Questions

AN

What is the future of B.Math and B.Stat students in ISI, Kolkata?

PD

Praniti Das

28 Sept 21

ISI Kolkata does not provide a B.Math program. The majority of B.Stat students return for M.Stat while some people join CMI, TIFR, IIM, and other such organizations. 

M.Stat employees earn an average of 16–17 LPA, and many of them attend prestigious US graduate institutions. There are no fees for the entire program, and a stipend is provided. So, if you're looking for a career here, your future is bright.

AN

What are some reasons to not choose B.Stat at ISI Kolkata?

SB

Soutrik Banerjee

22 Aug 22

Life at ISI Kolkata isn’t similar to that of other typical colleges, where you can bunk classes, mug up concepts right before the examination, and score passing grades. It maintains a high standard of academics. The curriculum and course work is extremely grueling. Many students find it difficult to even score passing marks in some courses. ISI doesn’t give any option to retake a course. Many students take admission at ISI for the free-of-cost world-class education, it offers. This is not a good motivation for choosing the institute. Choose ISI Kolkata B.Stat, only if you are interested in the course. 

AN

What are my chances of getting admission in ISI Kolkata in B.Stats if I dont have pretty good marks in 12th (mathematics) but I clear its entrance and subjective paper? Is there any chance?

GG

Geetika Goel

13 Sept 21

ISI Kolkata is considered to be a good institute for B.Stats. It accepts admission purely on the basis of the entrance exam and the interview. The minimum eligibility criteria for the entrance is 70% in class 12th boards. 

The selection process will be finalized upon your performance in the entrance exam and the interview session. With this score, you will be able to pass through the cutoff but you must have an exemplary performance during the interview session.

ZP

Is it wise to prepare for the ISI Kolkata B.Stat entrance exam instead of IIT?

SR

Shrayanshi Roy

15 Sept 21

Taking a course at IIT is just as difficult and demanding as pursuing a B.Stat course at ISI. They are whatever you choose to do with your life, whether you like mathematics/statistics enough to spend three years learning statistics (and a little math) and statistics solely at ISI, or you believe you are skilled in another subject that has a good course at one of the numerous IITs.

It depends totally on where you want to be. Furthermore, even if you prepare for college X, there is no guarantee that you will be accepted. As a result, keeping colleges Y and Z in mind as a backup is always a good idea.

Only you can decide which option is preferable for you and what you want. 

NG

What should I expect in the interview for a B.Stat at ISI, Kolkata?

GS

Gagan Singh

22 Sept 21

My brother appeared for the interview last year, so I think I can answer your question.

The panelists will evaluate your ability to explain new questions. They might even ask you to solve the questions on the board. You must be clear about your choice of ISI Kolkata as you will be asked the reason for the same during the interview.

Expect questions on topics such as Calculus, Geometry, Combinatorics, and Probability. Keep your basics clear, know the definitions, and practice solving problems based on the definitions.

Just keep practicing, be confident and give your best shot at the interview.

AN

How good is the B.Stat course at ISI Kolkata?

DM

Deepika Mitra

05 May 22

ISI Kolkata B.Stat can be an ideal fit for you, if you are interested in Mathematics and Statistics. 

However, in terms of placements, doing just a B.Stat isn’t enough. Recruiting companies rarely employ students with just a B.Stat degree. If you want good placement packages do an M.Stat from ISI or a foreign university. After completing M.Stat, students usually receive an average CTC of around INR 19 LPA.

SG

How can I prepare for the B.Stat. at ISI, Kolkata?

TD

Tina Dey

21 Sept 21

There are three sections in the entrance exam and the level of maths is the same as what you studied in your 12th. The exam follows the pattern of most high school mathematics competitions (RMO, INMO, etc).

The three sections of the Entrance Exam consist of MCQ, A Subjective Test, and an Interview.

The books you must know are:

  1. Problem Solving Strategies by Engel Arthur
  2. Test of Mathematics at the 10 + 2 level, Indian Statistical Institute, Published by Affiliated East-West Press Pvt. Ltd.
  3. Challenge and Thrill of Pre-College Mathematics by B. J. Venkatachala

You should complete these all and do previous year’s papers of ISI/CMI RMO, INMO and IMO.

For Interview:

  • Once you crack the exam, the interview part won’t be that difficult.
  • Answer the questions confidently and honestly.
  • The entrance exam of ISI is not easy and also there are only a few seats for B.Stat. 
  • You have to prepare well.

Do not overthink and do your preparation well. This will help you a lot. Be calm and try to think of cracking the exam and the latter part would be an easy task for you.

JB

I am currently enrolled in B.Tech at an NIT is it okay for me to do the ISI Kolkata B.Stat program? Consider the fact that I dropped one year after year 12 for NIT.

PD

Priyam Dey

13 Sept 21

The path you want to get into is a very dangerous one and it can totally spoil your career without you being able to do anything for it. 

ISI, B.Stat is a very famous course and is known for the entrance paper which is considered very tough by all those appearing in it. The course is tough because the student who is above the cutoff receives a huge financial help from the government covering the major portion of the tuition fee. Apart from this after the entrance exam the candidate can be certain of a well paid job one he/she completes the course and is awarded with the degree.

It gets difficult for the selections if there’s a year gap as lower age students are preferred and in your case there's a two year gap so the chances reduce even more. It would be very risky to change your college again and could cost some harm in your career.

KP

Is it safe to join a B.Stat at ISI Kolkata (I'm a non-Bengali student)?

NK

Natasha Kaur

22 Sept 21

Kolkata is one of India's safest cities. This city attracts visitors from all over India and the world. That's why it's known as the "City of Joy." Bengalis are extremely friendly. 

ISI Kolkata is known to have the most sought-after institute in Statistical expertise. It has one of the best faculty members in India. Out of which, 30 professors were published in Standford University.

Moreover, you have got a seat in B.Stat which is considered one of the toughest examinations for Mathematics in Asia. You should base your judgement on the basis of a stereotype as letting go of this opportunity will be a wrong decision.

Almost 50% of the batch consists of Non-Bengalis here at ISI Kolkata. There is no need to worry as the institute also has a rigid anti-ragging policy.

AN

Which course should I choose if I get a chance to study at ISI Kolkata, a B.Math or a B.Stat?

AS

Aniket Sinha

07 Oct 21

Both B.Stat and B.Math are different courses being offered at different campuses at ISI Kolkata and ISI Bangalore respectively. There are only a few common subjects in both courses. 

The choice ultimately depends on your choice and interest. You can go through the syllabus of both courses and understand the topics. Find whichever interests you, you can choose to be research-oriented like B.math students or go for M.stat or other courses, if you choose so.

You can apply for only 1 course because the institute conducts the entrance of both courses at the same time and day. You will be able to appear for only one of them.

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