BSc Statistics Course Overview

BSc Statistics is a 3-year undergraduate course that broadly deals with the areas of Probability and Statistical Methods, Numerical Analysis, Survey Sampling, etc which is essential for analysis of statistical data and solving statistical problems. BSc Statistics course can be pursued after class 12 and the BSc Statistics Syllabus is spread over six semesters covering different aspects. The course includes numerous teaching aids such as lectures, flying and simulation training, assignments, etc aimed at offering classroom, and practical training as well.

The students willing to pursue a BSc in Statistics must have completed 10+2 in science stream with Physics, Chemistry, and Mathematics as compulsory subjects. They must obtain a minimum of 50% marks from a recognized board in India to get BSc Statistics Admission. Admissions are granted to top BSc Statistics Colleges based on merit and also on the candidates’ performance in the different entrance exams such as IISER IAT etc. BSc Statistics admission can also be taken in top colleges and universities of India through CUET. The average annual fees required to study BSc Statistics course vary from INR 20,000-1, to 50,000.  Many candidates apply for the BSc Statistics course as there are numerous job opportunities in this sector and are expected to create more than 20 Lakh jobs in the coming 5 years. The average salary after pursuing BSc in Statistics ranges from 2-5 lakhs per annum.

About BSc Statistics

BSc Statistics is a three-year bachelor's degree program that teaches students about numerous statistical fields. The BSc Statistics degree entails the collection, organization, and analysis of statistical data. Students interested in pursuing a BSc Statistics course must have finished 10+2 with Physics, Chemistry, and Mathematics as courses. For BSc Statistics admission, a minimum of a 50% grade from a recognized Indian school is required. Admission to top BSc Statistics colleges is based on merit and performance in entrance tests like GSAT, BHU UET, DSAT, SUAT, and others. The typical annual fees for a BSc Statistics degree range from INR 20,000 to INR 1,50,000. The BSc Statistics course prepares students for a successful career in management by providing in-depth knowledge of statistics, mathematics, risk assessment, combinations, and permutations. Statistics software is utilized virtually every day, and its solutions can be employed in a variety of sectors, including economics, life sciences, data science, risk management, conflict resolution, and marketing management. With a BSc Statistics degree, work opportunities exist in both the public and private sectors. Banking, trading businesses, stock markets, transportation, and schools/ colleges are just a few examples.

What is BSc Statistics?

BSc Statistics is a UG course allowing the students to understand, learn, and use knowledge of statistics and mathematics to have a successful career. BSc Statistics emphasizes the areas of Probability and Statistical Methods, Survey Sampling, Numerical Analysis, etc

BSc Statistics plays a huge role in getting through the fields of risk assessment and management. Computer science and Mathematics are the two most important parts of the BSc Statistics course curriculum.

The demand for BSc Statistics is growing rapidly and various national and international firms like Banks, Financial institutions, R&D firms, etc look for qualified graduates in this particular field.

BSc Statistics Year-wise Syllabus

BSc Statistics Semester I Syllabus

• Descriptive Statistics I
• Calculus
• Inequalities
• Demoivre’s theorem
• Probability and Probability Distributions I
• Linear Algebra and Population Statistics
• Equations theories, Fundamental theorem of algebra and its consequences

BSc Statistics Semester II Syllabus

• Descriptive Statistics II
• Sampling Distributions and Statistical Infer
• Differential Calculus
• Review of Differential Equations
• Probability and Probability Distributions II
• Mathematical Analysis
• Review of Integration and Definite Integrals

BSc Statistics Semester III Syllabus

• Linear Algebra
• Probability Theory
• Random Variables
• Expectation of Random Variable and its Properties
• Demography and Vital Statistics 
• Statistical Computing and Numerical Analysis Using C Programming
• Design of Experiments and Sample Survey Methods
• Measures of Location (or Central Tendency) and Dispersion
• Multivariate Analysis and Large Sample
• Official & Economic Statistics and Statistical Quality Control
• Sampling Distributions 
• Mathematical Analysis
• Survey Sampling and Indian Official Statistics

BSc Statistics Semester IV Syllabus

• Statistical Methods 
• Index Numbers
• Mathematical Finance
• Demand Analysis
• Linear Models
• Statistical Quality Control
• Programming Language C
• Utility and Production Functions
• Time Series Analysis and Sample Survey Methods
• Statistical Inference-I and Sampling Distributions
• Index Numbers and Time Series Analysis
• Time Series

BSc Statistics Semester V Syllabus

• Statistical Inference-II 
• Sample Surveys
• Basic Sampling Methods
• Stratified Random Sampling
• Linear Models and Regression
• Stochastic Processes and Queuing Theory
• Statistical Computing Using C/C++ Programming
• Sampling Theory, Time Series, Index Numbers, and Demand Analysis
• Statistical Quality Control and Reliability
• Biostatistics – I
• Actuarial Statistics – I
• Fundamental Theorem of Algebra and its Consequences

BSc Statistics Semester VI Syllabus

• Design of Experiments
• Numerical Analysis
• Inverse Interpolation
• Numerical Integration 
• Multivariate Analysis and Nonparametric Methods
• Data Interpretation
• Mathematics
• Design of Experiments, Vital Statistics, Official Statistics and Business Forecasting
• Operations Research
• Biostatistics – II
• Actuarial Statistics – II
• General Linear Models

Why Study BSc Statistics?

There are numerous advantages of pursuing a BSc in Statistics which are mentioned below:

1. The students will get relevant skills like data analysis, observation of patterns, deduction of conclusions, etc
2. BSc Statistics is the right course to develop problem-solving skills in an individual
3. This course helps the students to use logical ways to formulate theories and apply them to solve problems in the job sector.
4. Students can explore various job roles in industries like Banks, Financial institutions, R&D firms, etc
5. Pursuing BSc Statistics makes a candidate eligible to earn an average salary within the range of INR 5 to 8 LPA.
6. Some of the top recruiters in this field are Federal bank, Cognizant, IBM, UBS, L&T, Infosys, Wipro, Deloitte, Future First, HDFC Bank, Google, etc.

Document Required For BSc Statistics

10th Marksheet, 12th Marksheet, School, Transfer Certificate, Conduct Certificate, Community Certificate, Income Certificate, Domicile Certificate, and Entrance Exam Result

BSc Statistics Eligibility Criteria

The eligibility criteria for BSc statistics are below:-

Qualifying exam i.e. 12th or equivalent diploma course from any recognized board

Candidates must have held at least 50% of the qualifying exam

Mathematics must be the main subject in the qualifying exam.

Many colleges and universities in India conduct entrance exams for admission to this course. Some of such institutes and their tests are given below:-

Banaras Hindu University- BHUET

Indian Institute of Science Education & Research- IISER-ET

Gandhi Institute of Technology – GSAT

Central University Entrance Test- CUET

Specialization in BSc Statistics

There are various specialization courses in BSc in Statistics. However, an aspirant for a degree in statistics can be admitted to the following courses:-

Decision Analytics

This course is structured around the foundations of contemporary data analytics. However, this course offers an insightful analysis of facts to deal with complex situations and decision-making. The course covers theoretical as well as applied modern statistics.

Data Science

This degree gives instruction and hands-on experience in modelling, analyzing, and interpreting real data needed in the economy, business, and research. It also covers the theoretical and applied aspects of contemporary statistics. The first two years of the degree program address fundamental statistics, probability, and mathematics.

Statistics and Applied Mathematics

This course is designed based on mathematics and reasoning to solve a real-world problem of a scientific or decision-making nature. It supports students in becoming self-sufficient scholars ready for successful careers in academia, business, and research.

Quantitative Finance

Quantitative finance is an approach that uses computer programming to apply the fields of mathematics, statistics, scientific computing, and finance to financial trading and investing operations. However, the course provides the opportunity to become a quantitative analyst.

Bioinformatics

A bachelor’s degree program in bioinformatics, or the science of gathering and analyzing complex biological data, such as genetic codes, is available. It is an area where organism biology, molecular biology, and biomedicine employ the interface between biology, computation, and statistics.

Computational Biology

The study of biology covers a wide range of medical topics, including the anatomy of the human body, cellular processes, and the treatment of diseases. Computational Biology is concerned with resolving complicated biological and biomedical problems using mathematical and computational techniques.

Financial Mathematics

BSc in financial mathematics is an honors degree program that allows working in banking and commerce. This course builds mathematical abilities; concerning this, the curriculum covers applying mathematical principles to financial problems.

Statistical Biology

Biostatics is a discipline that builds the ability to use statistics in biology. BSc in Statistical Biology is a three years honours degree program in this regard. However, the curriculum of this course covers a wide range of statistical as well as mathematical methods and their application in biology.

BSc Statistics: Admission Process

Admission to BSc Statistics courses by various colleges and universities in India is offered through two methods: Direct/Merit-based admissions and the other is Entrance exam-based admissions to BSc Statistics courses.

BSc Statistics Merit-based or Direct Admission

In India, most colleges use a merit-based or direct admission system to admit students to their BSc Statistics courses. The merit-based procedure for admission to the BSc Statistics program used by various colleges is mentioned below:

Candidates are chosen based on merit in this process and based on their performance in the qualifying examination.

To apply for this method, candidates just simply apply to the institution or university.

After the results of the Board's examination are revealed, colleges will announce their cut-off scores.

Candidates who scored greater or equal to the projected cut-off score will be entitled to enroll in the institute's program.

If a student does not meet the cut-off score on the first cut-off list, they must wait until the second cut-off list or apply to any other college with a lower cut-off score.

BSc Statistics Entrance Exam-based Admission

Admission to some colleges for BSc Statistics is done through entrance tests.

Candidates must appear for the college's entrance examination as part of this process.

Candidates are chosen based on their performance in university/college entrance examinations.

Candidates must first register for the college's entrance exam in order to be considered for this admissions process.

The college will send the exam schedule before the entrance exam.

The college will reveal its cut-off list after the entrance exam results are released.

If a candidate's name appears on the merit list, he or she is eligible to enroll in the course.

Who should study BSc Statistics?

The following students should study BSc Statistics:

Those who have completed their 10+2 from a recognized school board with an aggregate percentage of 50% or above

Who have chosen Physics, Chemistry, and Mathematics as subjects in 10+2

Those who are curious to study research models and meaningful data derived through the help of statistical models

Those who have a deep interest in statistics and its practical applications should also choose the BSc Statistics course to pursue

Those who have taken biology in 10+2 but are keen on deriving and recording experimental data in laboratories with the help of statistics

Required Skill Set for BSc Statistics

Students who undertake the BSc Statistics course get equipped with strong data analysis and data manipulation skills. The BSc Statistics three-year undergraduate program helps students deal with a variety of data collection topics, numerical presentations, and practical projects that further help the BSc Statistics candidates sharpen their numerical, analytical, and reasoning skills. A few of the key skills required by BSc Statistics students are mentioned below:

Presence of analytical skills and a research-oriented mindset

Ability to correctly interpret large chunks of data using statistical and mathematical methods

Ability to identify the flow of work patterns

Excellent reasoning and problem-solving skills along with a high IQ

Ability to decipher abstract mathematical concepts

Excellent communication skills

Strong interpersonal skills

Strong decision-making skills

Ability to work collaboratively

BSc Statistics Scope

The need for BSc Statistics graduates is rapidly increasing, and many national and international companies, including banks, financial institutions, and research and development corporations, are looking for skilled graduates. In the next five years, this industry is predicted to generate more than 20 lakh jobs. As a result, BSc Statistics has become one of the most popular options for students interested in pursuing a career in finance. However, in addition to pursuing a career in one of the aforementioned fields, one can pursue higher education. Studying M.Sc Actuarial Science and pursuing a Master's in Statistics with Actuarial Science as a specialty.

Recent corporate trends have shifted toward analyzing data to better understand consumer behavior patterns. Students pursuing a bachelor's degree in statistics play an important role in gathering and interpreting enormous volumes of data. By finishing the BSc Statistics undergraduate degree, students with good mathematical skills, reasoning ability, and analytical skills might opt to become statisticians. Big and small businesses alike demand BSc Statistics graduates interpret, analyze, and compute enormous amounts of data to produce meaningful results, which helps businesses better understand their customers, and enhance earnings, and overall organizational productivity.

BSc Statistics Job Roles

Candidates with a BSc Statistics degree can work in both the public and private sectors. Advanced statistics courses such as M.Sc, M.Phil, and Ph.D. are available to BSc Statistics students interested in pursuing higher education in statistics. BSc Statistics aspirants can also pursue Actuarial Science and work in a variety of financial and trading firms, as well as jobs in banking, information technology, and quality control. Some of the common employment areas for a BSc Statistics graduate include:

1. Research and Development Firms
2. Finance Institutions
3. Banking Sector
4. Trading Companies
5. Insurance Companies
6. Stock Exchanges
7. Transportation Sector
8. Educational Institutions

BSc Statistics Work Profiles

BSc Statistics students can explore various job opportunities after completing their graduation. The demand for BSC Statistics graduates is there in almost all sectors of the market as every organization looks for employees who can handle data and do market analysis for them. Some of the common job profiles after the BSc Statistics course are mentioned below:

1. Statistician Content Analyst
2. Research Associate
3. Data Analyst
4. Market Research Analyst
5. Technical Writer
6. Consultant
7. Biostatistician