This course, previously offered by S K Somaiya College, will now be offered by Somaiya School of Basic & Applied Sciences.

Master of Science (Statistics)

Master of Science Statistics | M.Sc.(Stat)

Programme Overview

This is a post graduate full time 2 years programme. This programme will enable students to develop their theoretical and analytical skills which are useful not only in the corporate world but also in the field of research in statistics.

The current scenario of the market expects students to understand and handle various aspects of statistics and the global business world. This course is framed to equip students with latest technology which will help them to perform their work quickly and efficiently.

Key Information

Duration
2 Year
Programme Code
ST4413
Mode of study
Full time
Campus
Vidyavihar - Mumbai
Institute
Somaiya School of Basic and Applied Sciences
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Programme Objectives
Pedagogy
Scope
Graduate Attributes

Programme Objectives

  • Develop an acumen for the application of statistical concepts and skills in the economic and social aspects.
  • Acknowledge the importance of role of statistics in National development.
  • Inculcate the habit of using digital devices and softwares to solve statistical problems.
  • Enhance the ability to use Statistical concepts in other disciplines.
  • Imbibe decision makings and Judgment taking abilities in the light of scientific approach.
  • Attain a strong foundation for further studies in various related disciplines

Pedagogy

Instructional features like modern teaching methods guest lectures, Laboratory work using new technology, exchange of ideas with subject experts provide the students with an environment that enables them to enhance their talents in various areas of the subjects. This mode of teaching enhances team work abilities and real world exposure. Imbibing the virtues of logical thinking and flexible execution techniques, it prepares students for the financial and social area.

pedagogy

Scope

After successful completion of M.Sc. Statistics programme, students can opt for further education such as Ph.D. and make their career in the field of research. M.Sc. Statistics students are prepared and imparted skills to work in any industry, including banking, insurance, manufacturing, and information technology.

M.Sc. Statistics students have a variety of career options available to them. Some of the common roles that M.Sc. Statistics students can pursue as a career include Data Scientist, Data Analyst, Risk Analyst, Professor, Research Analyst, Business Analyst, Statistician, Actuarial scientist, Market researcher, Quantitative analyst, Epidemiologist and Econometrician.

Additionally, there are several Indian government departments that hire statisticians for various positions. Some of the major government departments that offer job opportunities to statisticians in India include the Ministry of Statistics and Programme Implementation, Indian Statistical Service, Reserve Bank of India, National Sample Survey Office, Planning Commission and Ministry of Finance. These departments require statisticians to work on various aspects of data analysis, research, and policy formulation to support their functions.

Graduate Attributes

  • Academic excellence
  • Analytical Thinking
  • Critical Thinking:
  • Creativity and originality
  • Engagement with the Society
  • Environmental Sensitivity
  • Leadership and team spirit
  • Professional Efficiency
  • Strong presentation & communication skills
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