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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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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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Let's clear up some doubts

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

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.

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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