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online msc in statistics

Updated at : June 3, 2024DOWNLOAD E-BOOK

Online M.Sc In Statistics

The online M.Sc. in Statistics is a flexible postgraduate program that enables you to advance your statistical science expertise for greater employment opportunities across several industries. This two-year postgraduate program also provides you with the latest developments in the industry, enabling you to investigate new prospects in leading companies. Enroll in this affordable online master's degree to improve your statistical and quantitative thinking skills without having to quit your current position.

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No. of Universities

1

Course Duration

2 Years

Eligibility

B.Sc Pass out / Graduation or Equivalent

Learning Mode

Online

EMI Facility

Available

Online M.Sc in Statistics Program Overview

To have an outcome-based professional journey in today's skill-driven industry, you must upskill yourself with a curriculum that is appropriate for your job experience or interest areas. To advance in their jobs, recent graduates and working professionals might pursue a Master of Science in Statistics. Unfortunately, many of them are unable to enroll in a traditional degree program due to a rigorous schedule and full-time commitment. 

Universities have responded to this professional shortage by launching an online Master of Science in Statistics degree that is both highly inexpensive and approved by UGC-DEB. Working professionals can complete their PG degrees and keep their jobs with this program. This online format is also an option for students who were not admitted to or were unable to enroll in an on-campus MSc Statistics program. 

why online msc in statistics

This online MSc offers the same degree of conceptual and practical knowledge as expected from its normal curriculum but in a customized learning format. This course's curriculum, which was created by highly qualified instructors and business specialists, offers the perfect balance of theoretical and practical learning.

You can learn subjects like Data Mining, Statistical Inference, and more in-depth with the assistance of the program's interactive sessions with industry professionals. Also, you get to know peers virtually and can investigate a variety of job options that are out there. After completing the program, a master's degree from an approved university will also help you land the job of your dreams. 

Why Choose an Online M.Sc In Statistics?

An online MSc in Stat has many benefits, the most popular one being the flexibility it offers via an online learning format. It makes learners complete their postgraduate degree from anywhere around the world. In addition to that, low course fees, UGC-DEB approval, similar career prospects as that of a regular course, and industry acceptance have made this online MSc course the primary choice for aspirants over a regular MSc Stat course.

Who Should Pursue an Online M.Sc In Statistics?

MSc Stat is well suited for candidates interested in data-driven career profiles. These profiles include research analysts, data scientists, investment analysts, and many others who take direct participation in the data-driven decision-making of any organization. One of the features of online MSc that excites its applicants is that anyone with a graduation degree can enroll in it. Whether you are a working professional working in a related field, a professional who is willing to go for a career transition from other fields to data-oriented profiles, or a fresh graduate student, you can apply for an online MSc Stat easily.

When Should I Pursue an Online M.Sc In Statistics?

The moment you feel your graph for career growth has taken a zero slope, you must look for an upskilling course. Being a graduate, the most common choice when coming across the word “upskilling” is to earn a postgraduate degree. With an online MSc Stat, it has become easy for interested professionals to complete their PG degree without quitting their jobs at any age and at any stage of their careers.

Popular & Affordable Universities for Online M.Sc In Statistics

Universities Offering Online M.Sc in Statistics

NIRF Ranking 2023 (University Category)

Starting Fee Range (Might Vary)

Dr. M. G. R. Educational and Research Institute

92

1,00,000 INR

Key Highlights of Online M.Sc in Statistics In India

  • Enroll in an online MSc in Statistics program to gain a flexible learning approach and a thorough understanding of statistical science principles.
  • Attend classes on weekends with some of the top educators in the profession to learn the most advanced ideas.
  • Improve your conceptual understanding and quantitative skill set with a modern, industry-relevant course program.
  • Gain knowledge of the industry's methods by working on assignments and projects in real time.
  • Gain practical classroom experience by utilizing a creative and captivating teaching methodology.
  • Use the website's learning management system (LMS) to access recorded lectures, e-books, and other digital academic resources for your own, self-paced study.
  • Engage with your peers to gain insight into their career paths and learn about the options open to you following this program.
  • Avail the benefit of completing the program in a maximum period of 4 years by opting for this online learning format.
  • With a government-approved online M.Sc. in Statistics, you can achieve your career goals with ease.

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Online M.Sc in Statistics Course Subjects/Syllabus

The syllabus of the online MSc in Stat is listed below to help you understand the details covered in it. 

Semester I

  • Real Analysis & Linear Algebra
  • Sampling Techniques
  • Probability and Distributions
  • Statistical Inference I

Semester II

  • Trend Analysis and Index Numbers
  • Numerical Methods
  • Statistical Quality Control and Reliability
  • Statistical Inference II

Semester III

  • Advanced Optimization Techniques
  • Design of Experiments
  • Applied Regression Analysis
  • Data Mining

Semester IV

  • Multivariate Analysis and Non-Parametric methods
  • Stochastic Processes and Applications
  • Vital Statistics
  • Project

Top Specializations of Online M.Sc

MSc Online In Information Technology

MSc Online In Data Science

MSc Online In Applied Finance

MSc Online In Mathematics

MSc Online In Artificial Intelligence and Machine Learning

Online M.Sc in Statistics Eligibility & Duration

This online postgraduate program's qualifying requirements are very straightforward, which increases its viability for applicants. Here are a few standard requirements shared by all universities that offer this program:

  • Bachelor's degree from an accredited university.
  • A bachelor’s in the discipline of statistics or mathematics (BSc Maths/Stat) is entertained for this PG program.
  • 50% or higher on the graduation scale is preferred by the universities.

Duration of the Online M.Sc In Statistics

An online Master of Science in Statistics degree lasts for two years, divided into four semesters. These four six-month semesters are designed to give you a comprehensive understanding of statistical, mathematical, and IT-based solutions for data analysis, covering topics from basic to advanced. The maximum length of this program is four years but this option is limited to only a few colleges.

Skills Required for Online M.Sc In Statistics

As a proficient statistician, you must have some basic skills along with a degree in the statistics discipline. Here are some of them that you must work on for a promising career.

  • You must have a strong command over the foundational mathematics subjects to deal with advanced stat formulas.
  • You must be familiar with some basic computer skills to handle recent tools and software for large data handling.
  • You should have a good communication skill to convey your ideas to team members belonging to non-statistics backgrounds.
  • Your analytical and problem-solving skills will help you draw important information from large data sets for improved business strategies.
  • A good decision-making ability will help you climb up the organizational ladder and make you lead your team.                                                                                                                              

Is any Entrance Exam Required for an Online M.Sc In Statistics?

No, an online MSc in Stat has an entrance-free admission process which makes this program quite feasible for both working professionals and students. However, if you wish to pursue a regular MSc program in statistics from the same university offering an online one, you need to crack an entrance exam from the below-mentioned list. 

IIT Joint Admission Test (IIT JAM) 

Common University Entrance Test (CUET) PG

National Entrance Screening Test (NEST)

Birla Institute of Technology and Science Admission Test (BITSAT) 

GITAM Science Admission Test (GSAT)

Tata Institute of Fundamental Research (TIFR) GS

Indira Gandhi Krishi Vishwavidyalaya Common Entrance Test (IGKV CET)

Odisha University of Agriculture and Technology (OUAT) Entrance Exam

Recommended Books

To sharpen your data-driven skills, you can refer to some of the below-mentioned recommended books for statistics.

Name of the Book

Author

Introduction to Modern Statistics

Mine Çetinkaya-Rundel and Johanna Hardin

Practical Statistics for Data Scientists

Peter Bruce, Andrew Bruce, and Peter Gedeck

Think Stats

Allen B Downey

Naked Statistics – Stripping the Dread from the Data

Charles Wheelan

Schaum’s Outline Statistics

Spiegel and Stephens

Statistics for Business and Economics

James T. McClave, P. George Benson, and Terry T. Sincich

Think Stats Probability and Statistics for Programmers

Allen B. Downey

Statistics II for Dummies

Deborah J. Rumsey

Probability for Statistics and Machine Learning

Anirban Dasgupta

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Program Fees for Online M.Sc in Statistics

Starting at ₹ 6,776/month

Program Fee: ₹1,00,000 - ₹1,00,000

Low Cost EMI Available

Recommended

This online postgraduate program has a very reasonable pricing bundle that falls around 1 Lakhs INR for the full course. The program fee can be paid in full, semester by semester, or all at once. You can even look into the availability of simple EMI alternatives for this program to take advantage of some additional financial services.

Online M.Sc in Statistics Admission Procedure

In a few easy steps, you can apply directly for admission to this postgraduate program. These procedures entail completing the registration form and paying the one-time registration cost on the university's official website. Following a successful registration, use your registered ID and password to log back into the admission portal and finish the admission application form by accurately entering your personal, academic, and professional information. Upload the appropriate size and format of the papers that are mentioned in the admission form. Finally, make sure you pay the program cost and secure your spot in the upcoming program batch. Keep your paperwork confirming your admission for future use. 

 
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Education Loan/EMI Facilities for Online M.Sc in Statistics

Midway through your employment, deciding to pursue further education is a major decision that is accompanied by financial strain. Therefore, an online Master of Science in Stat program offers you the ability to finance your education by giving you simple payment alternatives through education loan installments, relieving you of this financial strain. 

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Is Online M.Sc in Statistics Worth it?

An online Master of Science in Stat program helps you become an expert in statistical science by teaching you various mathematical skill sets to collect data and analyze it for business profit. In addition to providing you with a conceptual grasp and practical application of the topics, this postgraduate program enhances your decision-making, communication, and problem-solving abilities, making you an ideal fit for the field.

The course's career prospects guarantee your place in prestigious companies and accelerate your professional growth. Moreover, professionals might discover one of the best job profiles with huge compensation packages in the top companies in the nation with this flexible postgraduate degree. 

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Job Opportunity after Online M.Sc in Statistics

Due to nearly every industry sector's reliance on data analysis and related subjects, there is a significant increase in the market's need for qualified experts. This figure can be decreased by requiring people to complete an online M.Sc. in Stat degree to educate them in the statistical science field. 

In addition, compared to other industries, this online M.Sc. program offers a greater compensation package and a wide range of employment options upon program completion. Below is a list of some of the most well-known job titles associated with this field:

Statistical Trainer

Risk Analyst

Statistician

Business Analyst

Content Analyst

Data Analyst

Arithmetician

Cost Estimator

Top Recruiters for Online M.Sc in Statistics

You become proficient in your line of work thanks to the statistics domain's intricacies, which you master through this curriculum. You can effectively handle the issues faced by the sector in the real world by working on capstone projects that are relevant to the field. This attribute makes you an ideal fit for the industry's dynamic domain. 

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Our students work at

google

Google

accenture

Accenture

amazon

Amazon

apollo

Apollo

fractal

Fractal

hp

HP

ibm

IBM

isro

ISRO

kpmg

KPMG

microsoft

Microsoft

ntt data

NTT Data

paytm

Paytm

Let's clear up some doubts about Online M.Sc in Statistics

After completing your MSc program, you can work as a Statistician, Arithmetician, Investment Analyst, Cost Estimator, Online Tutor, Subject Matter Expert, Statistical Investigator, etc. in reputed firms.

To be eligible for an online MSc in Stat course, you must have a bachelor’s degree either in maths or statistics from a recognized university.

At most universities, you will be able to complete an online MSc program in stat in around 1 lakhs INR.

In India, the average pay of a statistician is 4.5 LPA which increases with time and relevant experience in the field.

No, universities offering online MSc in Stat have kept the program open for both fresh graduates and working professionals. Thus, there is no compulsion on prior work experience for this program.

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