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What are the Advantages of a Master’s degree in Applied Statistics?

The importance of statistics is quite pivotal in almost every discipline of academics nowadays. Be it economics, science, engineering, mathematics, etc. a subject has wide implementation. Frankly, there are only a few reputed MSC statistics colleges in Pune and in India that offers post-graduation in applied statistics. It’s always an added leverage to get one such degree in the respective subject discipline.

 A subject like statistics deals with multiple charts, analytical data, etc. Those data charts are needed for analytically thinking and decision making in - productivity management, logistics, workforce management, estimating the sales performance in a graph chart, etc. With one such degree, you can always expect to be a good fit in the job domains associated with these roles, because,

 Identifying the importance of apprehending in mathematics

 Mathematics is all about facts and figures. It might not be possible to draft a calculation that gives exact figurative data every time. That’s where statistics comes in. A subject like applied statistics integrates with mathematics for estimating data that gives probable values. Such values can be useful for framing data numerical data, growth data, percentile data in various sectors of finance, management, healthcare etc. That widens ample scope for a student to avail career scope in these respective job domains.

  Widens your career in weather meteorological domains

 Geological and meteorological departments are another important field that has ample scope to explore for a student with MA in applied stats. The domain deals with the weather and climatic conditioning of any particular region or location for a long time. The domain provides maximum exposure to the students willing to make a career in weather forecasting and meteorology with a master’s degree in applied statistics. That way, you can always receive an update about an upcoming natural calamity and use your analytical applied statistical skills to forecast it as early as possible.

 Suitable fit in the job role of a marketing analyst

 A degree in applied statistics unleashes your gateway towards a job profile like marketing analyst. As an analyst, you will have maximum scope to compare the subject with maths, computer science, data for taking firm decisions. It will be always easier for you to fit in such job roles after studying covering these subjects major discipline of MSc in applied statistics. That way the gateway of a marketing analyst’s job role is automatically unbolted in front of you.

 Ample scope to do your higher studies in

 A Master’s degree in applied statistics is a good decision for pursuing your higher studies like a PhD from a foreign university. With good academic grades, you may even enjoy a scholarship for completing your higher studies in statistics from a foreign university anyhow.

 The final words of wisdom

 By preferring one of the top-rated Best MSc statistics colleges in Pune or anywhere in India, it’s always easy to make an outstanding academic and professional career with one such subject discipline.

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Career Benefits Unlocked with Master’s Degree in Applied Statistics

A subject like applied statistics integrates with various branches of mathematics, economics, data science etc. The subject not only deals with data collection and analysis, rather involves the evaluation of estimated data to reach a final conclusion. With a master’s in statistics in India, it’s easy to unlock multiple career benefits.

 A subject like statistics usually deals with various types of data-based analysis. Such analytical outputs are needed for estimating the probable outcomes that can’t be measured in exact numerical figures. The degree assures the following academic and professional benefits,

 Relating stats with big data analysis

 Statistics is a subject discipline that deals with big data analysis. Today, big data analysis plays a pivotal role in healthcare, IT, semi-IT and management. With a degree in applied statistics, it’s easy to ace the subject concepts associated with this particular subject discipline. That eventually unleashes your job scope in various domains. The initial salary package offered to a big data statistical analyst is fairly high in comparison to other job domains.

 Integration of actuarial science with applied statistics

 A subject like actuarial science deals with probable facts and figures. The reason for integrating statistics with the subject discipline is to analyze risk factors in various organizations. The risk might be related to an upcoming occupational hazard, something related to productivity, manufacturing process or even related to underperforming sales rate. By integrating actuarial science with applied statistics, risk estimation can be easy. That way, it’s much easier to avoid such risks before even affecting a firm.  By doing a master’s in applied statistics, it’s easy for you to use actuarial science in risk optimization.

 Fitting in the job role of a data science analyst

 The job role of a data scientist is another lucrative job profile for someone with a master’s degree in applied statistics. As a data science analyst, the facts evaluated from collected data can be used to draw affirmative conclusions on any particular experimental model. Those experimental models can be useful to study the executable performance of any pilot project in any process. The process can be related to biostatistics, industrial project operations and research, etc.  

By acing the basic fundamentals of applied stats, you can be a good fit in the above-mentioned job role. That may unleash multiple employment scopes in a competitive job market anyhow.

 Relating statistical data management with market analysis

 A subject like statistics has a pivotal impact on market analysis. The process of market analysis and research includes various aspects. It deals with useful insights related to market competition, sales information. A subject like applied stats can be useful for analyzing operational gaps, sales gaps, productivity gaps, etc.

That’s another benefit of doing a master’s degree in statistics.  The degree can be useful to draw concrete conclusions post meticulous market analysis.

 Final words

 A subject like statistics has huge application in academics. By choosing to study Postgraduate courses in statistics in India, the subject unlocks lucrative professional career scopes ahead. Before enrolling in a statistics course, always spend time analyzing the career benefits unleashed with one such degree. Then only it’s possible to count the impact of one such degree in future.

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Reasons why Studying Statistics is a wise choice to make.

Statistics is a discipline of mathematics that deals with data collection and analysis, as well as employing the results of the analysis to make business decisions. Masters in statistics from statistics colleges in Pune, or elsewhere, is a postgraduate degree in Statistics. Distance learning is also available at several universities. This curriculum is for students who want to use mathematics and statistics to come up with solutions to difficult situations. There are full-time and part-time options for the course.

 Criteria for Applicant

 A BSc degree in Statistics or Mathematics, or an equivalent degree in Statistics with Computer Applications, is required for admission to the MSc programme in Statistics. Certain colleges will have a cutoff percentage for students to be considered for admission. These cutoffs can be overall or sectional, for example, at some institutes, a minimum percent in Mathematics, regardless of the cumulative score, can be a cutoff.

 Aside from that, only a few universities require an entrance exam. A written exam, academic records, and a personal interview are used to choose students. The written test is usually divided into two sections: objective and descriptive.

 Probability theory, Basic statistics, and computer principles are all covered in the curriculum. Candidates must have analytical skills and basic numerical skills as well as the ability to work comfortably with numbers, analyse trends and patterns, use statistics to gather information from complex data, and assess the results to infer causes of problems or recommend solutions to those problems.

 Prospects for a Career as a Statistician with a Master's Degree in Statistics

Following completion of their programme, students have a myriad of options to pursue.

 National Economy: Data is evaluated in a few government and administrative offices to detect distinct structures and make appropriate judgments.

 Research: They can work at research facilities and start projects in oceanography, wildlife preservation, geology, environmental science, meteorology, agriculture, and astronomy, among other subjects.

 Business: Another area in which data slicing and dicing is used to make business decisions is in business. Creating marketing and advertising strategies, determining when to introduce a new product, determining how to price items or services, and determining how to keep or get new customers.

 Banking: Statistics and data analytics are extremely important in the banking and financial industries. Banks gather the necessary information far in advance, from forecasting the amount of deposits to recognising the likelihood of loan repayment delays, in order to take preventative measures when necessary.

 Advanced Courses: Students can enrol in advanced courses such as M.Phil. in Statistics or Ph.D. in Statistics, which can lead to a variety of career opportunities. You can also become a lecturer by passing the UGC NET.

 Statistics on crime aid forecasting, effective planning and budgeting.

 As a result, Symbiosis Statistical Institute is one of India's premier institutes for postgraduate courses in statistics from msc college in Pune, or elsewhere providing students with the most up-to-date information.

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Reasons behind choosing statistics to pursue higher studies

A subject like statistics has a huge implementation these days. It’s one of those subject disciplines that’s used in various branches of mathematics, economics, science, data collection, etc. By choosing a reputed MSc college in Pune or anywhere else for studying statistics, a student gains competitive leverage in their career.

 A subject like statistics deals with multiple forms of numerical figures and facts based on various forms of data. With a subject like statistics, a student learns to raise his/her analytical thought process. One such ability expands their career scopes in various fields like-

 Integrating mathematics with an actuarial science

 Statistics is a subject that integrates with mathematics and actuarial science. While general mathematics deals with the calculation of figures and numbers, statistics adds an analytical approach to study the respective subject discipline. Even a subject like actuarial science interconnects with statistics. Statistics is used to analyse multiple case study models based on probable outcomes. That way, it amplifies situation-based problem analysis and solving skills within a student in their graduation or master’s level.

 Learning risk optimization

 Risk minimization is an important factor in maximum medium and large scale organizations. Often it’s difficult for business owners to estimate the upcoming risks in their business. With a statistical expert, it’s easy to estimate the magnitude of the upcoming risks and find a remedy to sustain the crisis. With a BSc/MSc degree in statistics, it’s relatively easier for a student to be a good fit into one such job role.

 Mastering data analysis

 As a data analyst, an individual must gain expertise in analysing various forms of data, images and charts. Good knowledge of statistics is an added leverage for one such job. By studying statistics in your graduation or masters, you can easily fit into one such job role easily. Some of the reputed colleges offer a specialized degree in statistical data analysis by integrating with biostatistics. The same degree can be useful for building a career in industrial statistics and operational research.

 Widening the scope of your higher studies

 A subject like statistics amplifies the scope to pursue higher studies in India as well as abroad. On securing competitive grades in graduation and master’s, a student avails every scope to pursue a PhD in the same discipline. That way, it’s easier for them to waive their tuition fees and get a scholarship to continue their higher study with a subject like statistics.

 The final takeaway words

 It’s always wise to pursue your career with a subject like statistics to avail some of these competitive career benefits. Before doing so, always research a bit on the respective statistics college in Pune or anywhere else in India. Then only you can utilize the benefit of one such degree in your future career.

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Top 5 jobs with an MSC degree in Statistics

As we progressively ride on in a data-driven world, it is essential and almost mandatory to be able to store, manipulate, study, inspect, visualise and more all the information and data we receive coming from all around the world at every moment of time. All companies have a sector that deals with handling the large influx of data and studying and manipulating for the companies growth, benefits and competition in the market. The experts who handle sensitive data for various companies may come from various backgrounds with some diversity in their degrees. But most of them wilsl have studied statistics some time or other to be able to land this job. Statistics is an evergoing field with new theories being created. All those who love playing with numbers and studying numbers in different contexts will absolutely enjoy this interesting subject. Several msc statistics colleges in Pune for example have good reputation. But Symbiosis Statistical Institute surpasses them all. Here is a list of the top 5 jobs one can pursue with an msc statistics degree from SSI:

 1.     Data scientist - Almost every individual that works with data could potentially be called a data scientist. At the core, a data scientist is someone who studies data from various sources and offers solutions and suggestions for the betterment of the company. You will be surprised to know the scope of data scientists in the job market. Apart from research, a data scientist can work in startups, health cares, pharmaceutical and tech companies.

2.     Accountant - An accountant, using math and logic, both of which are core subjects of statistics, help organise and manage the financial aspect of companies. They gather data and offer efficient solutions to clients that help the company land deals.

3.     Stock trader - A stock trader needs to be intuitive and have a good grasp on statistics as well as probability, math, and logic. They work on numbers all the time to predict future trends and the best time to sell or buy a certain product that will benefit the company the most.

4.     Business analyst - Similar to a data scientist, but oriented to business, a business analyst studies all the statistical data of the company and suggests scope of improvement in their financial and technological aspects.

5.     Actuary - An actuary uses statistical research and analysis to calculate insurance premiums and risks for their clients. Actuaries mostly work for insurance companies. They help determine health insurance policies, pension and retirement benefits. You need to have a thorough understanding of calculus, probability, and statistics, as well as strong communication and computer skills.

 These top 5 jobs heavily depend on your statistical knowledge offered at one of the top msc statistics colleges in India. Symbiosis Statistical Institute covers it all and prepares you to perform at any statistical jobs. You will have no problem adjusting to the industrial environment as SSI prepares you to be industry ready and a lot more.

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Selection procedure at SSI

Do you love to play with numbers? Is math and logic your favorite subject in school? Then you know statistics is the right course for your interest. While looking at colleges to study statistics and master the subject it can get quite overwhelming for students to find the right information and the right college for their higher education. You may have several colleges offering statistics courses and this in turn may be confusing to choose the one that suits you best in terms of education and placement. That’s why we will help you cut down all the drama and for you one of the statistics courses in Pune offered by Symbiosis Statistical Institute, one of the best in the state of Maharashtra.

 The Master of Science in Statistics at Symbiosis Statistical Institute is a 2 year long full-time academic program consisting of four semesters.. Note that the academic year begins and continues till the end of April. The institute takes only 45 students which makes it a highly competitive course given that it is one of the best. There are certain eligibility criteria that you need to go through to check if you are eligible for the course.

 The selection procedure is based on several points. Firstly, your academic records will be verified. You need to have a minimum 50 percent (45% for SC/ST) at graduation level for the selection. Your performance at the “Writing Aptitude Test'' (Technical and Academic) also known as WAT and Personal Interaction (PI) which will be conducted in Kolkata, Noida and Pune will be judged by the administrative board. For those of you who are unaware of the WAT, it  is a written test that will be scheduled along with a comprehensive Personal Interaction (PI) to judge your academic ability and competence for the Master of Science. This is an important test for which you need to prepare rigorously if you want to be selected. The WAT, technical and academic comes in an essay format on a general topic to test your writing skills. There are a number of WAT preparation courses available online. The Personal Interaction, also known as PI, is also an important aspect of the selection procedure. This is an interaction between the candidate and panel experts. Like an interview you need to be smart, confident, honest and polite. Again there are multiple materials available online for you to use for preparation. Do have a look.

 Once you have successfully gone through each of the steps of the selection procedure you have to wait to hear from the college. They respond via email when they have selected you. Now that you know how the selection process works, get to work and prepare all that you have to stand out among other students. This process will be overwhelming but you are applying for one of the best statistics colleges in Pune, so it won’t be easy. Work hard and you will be sure to succeed.

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Career Options for You in the Field of Statistics in India!

Statistics is a field rarely explored by students in India. They are still baffled by the opportunities presented in the field of statistics. While there is a demand for good statisticians in the market, students are unaware and resist pursuing the course. A Masters in Statistics in India from a good institute like Symbiosis Statistical Institute, therefore, presents worthy opportunities in a niche field.

 The need for a good statistician in the Indian market is growing ever since the ease of restrictions began. As the economy recovers from the pandemic, career opportunities are as high as ever. Companies desire employees that have a fresh perspective but are also familiar with the working understanding of the industry.

 Here are some of the best career options that graduates should aim for in the field of statistics:

 ●    Data Analytics

The role of a Data Analyst is to act as the gatekeeper of data in a company. A Data Analyst plays an essential role to ensure proper use of the data for the benefit of the company and its stakeholders.

 ●    Market Research

The importance of Market Research is to determine the viability of a new service, product or opportunity to benefit the company. Market Research is carried out directly with existing or potential customers by researchers.

 ●    Government Statistician

The government requires a lot of data to be analysed, sorted and considered to ensure the good functioning of the country. So government agencies require good statisticians who can deliver the service. It is an opportunity for any individual to utilise their skills and serve the nation.

 ●    Business Analyst

A Business Analyst is essential in identifying business opportunities based on the data collected from the company. Risks and opportunities are both analysed and recommended based on the data sorted by a Business Analyst.

 ●    Data Manager

The role requires an individual to create policies and techniques that help in effective data management. It requires in-depth knowledge of numbers so, Data Managers can devise the best way to store and secure them.

  Students can also pursue further studies to gain a specialisation of the subject matter. PhD is offered by many reputable institutes like Symbiosis Statistical Institute.

 Another important aspect one must consider is the college they choose. While there are good institutes that offer the program, not all assist in the placement opportunities. It is where Symbiosis Statistical Institute stands out. Despite the challenges of the pandemic, Symbiosis Statistical Institute managed 83% results in placement for the 2019-21 batch.

 Companies like Ecom Express, Sapio Analytics, ZS Associates, MSCI, Cognizant, NielsonIQ, Amazon, Catalyst, Signable, SG Analytics IC1101, Whitehat Jr, Siemens, and many other prominent names were present for the e-placement drive. The highest CTC offered to a student was Rs 15.34 Lakhs per annum. Meanwhile, the average figure stood strong at Rs 8.0 Lakhs per annum.

So, be confident in starting a career with Postgraduate courses in Statistics in India with great institutes like Symbiosis Statistical Institute.

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Reasons to know why one should do higher studies in Statistics!

With the advancement in digitization, data plays a significant role. Following the increasing gravity of decisions and opinions rooted on data, it’s crucial that one can critically assess the quality of analyses that others present. Statistics is an exhilarating field about the thrill of discovery, learning, and challenging one's assumptions.

 Statistics is a study of examining and collection of huge complicated data into simpler data. Statistics can be also referred to as a term which relates to the study of the collection, analysis, presentation of numerical data and has emerged from the field of mathematics known as probability which is a way to determine the randomness of an event. Statistics not only include the field of marketing and economics but also biology, sports, public health, medicines and many others. Thus, Statistics is an extremely interesting subject and if you want to specialize in statistics after graduation, there are some great M.Sc statistics colleges in India offering the course.

 Today as we live in the information world and much of this information is determined mathematically by Statistics, this subject is of great importance. The use of statistics is vast like in the fields of economics, medicine, demography, psychology, advertising, etc.

 To add further, there are few important reasons to know why one should study statistics. Some of these reasons have been briefly described below:

 ●      The first reason to study statistics is to be able to effectively conduct research as without the application of statistics it would be very tough to make decisions based on the data assembled from a research project.

 ●      The second reason is to be able to read journals. Most of the technical journals one gets to  read contains some form of statistics. Thus, without any knowledge or understanding of statistics the information contained in the result section will be of no value.

 ●      The third reason is to further blossom critical and analytic reasoning skills of the students. Also to Prosper in statistics one must develop and use formal logical thinking abilities that are both high level and creative.

 ●      The fourth point to study statistics is to be an educated consumer. Statistics can both be used or misused. Therefore to have a basic knowledge of statistics can help one to be in a better position to evaluate the information that is provided.

 To sum up, Statistics is an absolute necessity in this modern age aptly termed as “the age of planning”. If you have a keen interest in this field of study, Symbiosis School of Statistics is one of the best institutes offering M.Sc in statistics in Pune.

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Is a Master’s degree in Statistics a good program?

The collection, organization, and interpretation of data are called statistical studies. Statistics play a major role in many companies and in our daily lives. A Masters in Statistics in India is a good idea for any student looking to become a statistician. Let us take a look at the MSc Statistics course in India and the job opportunities it provides.

 Course Overview

 An MSc Statistics course is a two-year postgraduate program. Applicants who have a Bachelor’s degree in Mathematics, Statistics or a related field have an advantage in applying.

 This program trains students to use correct statistical methods to solve problems related to data analysis. Graduates should be able to solve real-world statistical; problems and implement their analysis on a computer to communicate the results clearly and easily. It familiarizes students with theoretical and applied concepts of studies. It gives them advanced knowledge of statistics, analysis and interpretation of data, along with subjects like Economics, Finance, Social Studies, and Econometrics.

 Syllabus

 Here are some of the topics included in this program-

 ●      Linear Models and Regression Analysis

●      Multivariate Analysis

●      Ancillary Mathematics

●      Matrix Theory and Numerical Analysis

●      Distribution Theory

●      Time Series Analysis

●      Statistical Machine Learning

●      Environmental Statistics

 Salary and Job Prospects

 MSc Statistics fresher graduates usually earn around 5-8 LPA. Senior Statistical Analysis positions pay large salaries of around 15-18 LPA. Here are some of the common job profiles of these graduates-

 ●      Statistician

●      Service Estimator

●      Research Analyst

●      Investment Analyst

●      Subject Matter Expert

●      Arithmetician

●      Consultant

●      Professor

  Big Data Analytics has exploded in the past few years, and along with the advancement of computers and networking, there is a lot of demand for statistics experts. There are many opportunities for statistics graduates in industries like Banking and Finance, Investment firms, Pharmaceutical companies, manufacturing companies, research institutes and Public Sector government agencies.

 A PhD in Statistics will enable you to get even better high-paying positions such as Senior Research Analyst.

 Data Science and Statistics is the backbone of any successful company. The proper use of statistics plays a major role in a firm’s success. Statistics professionals are required to ensure correct, data-driven decisions that lead to a strong future.

  Conclusion

 A Master’s degree in Statistics is a great option for students who are interested in statistics and mathematical studies. If you have a proclivity for solving arithmetic problems, then it is a great career. Statistics and Data is a field with a bright future as they form the backbone of any successful company.

 Symbiosis Statistical Institute is among the top MSc Statistics Colleges in Pune, offering an excellent program in applied statistics that will prepare you for a successful career as a statistician.

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Advantages of Pursuing MSc Statistics

A post-graduate program, an MSC statistics in Pune, stretches over two and four semesters with subjects such as Ancillary Mathematics, Distribution Theory, Linear Models and Regression Analysis, Econometrics, and Economic Statistics. Anyone who has passed a bachelor’s in science from a recognized college or university with proof and a minimum of fifty percent is eligible to apply for this course and subsequently, a good career in India and abroad.

 In this article, we talk about why statistics are one of the best degrees to avail for both academic and professional careers:

 ●      An integral part of everyday life:

 From social media to geoeconomics, the application of statistics as a discipline is crucial in the very foundations of these subjects. This aspect helps you to understand all other aspects of the primary discipline/subject/topic that you may be studying because let’s accept the fact, that at the end of the day- everything is based on statistics and probability. For instance, geoinformatics, supported by data science and statistics, provides insights to study the very discipline, improve disaster management planning, and help in more effective resource allocation.

 The same technology is responsible for environment-oriented services, such as studying geology and predicting environmental trends that can enhance public security. By tracking the relationship between humans and the environment, it concludes information about the current state of the symbiosis present and determines its growth or decay with solutions for the same accordingly.

 ●      Diverse career opportunities:

 One of the perks of statistics being such an integral part of everyday life is that a job opportunity, the profile of which comprises application of statistics as a requirement, is present everywhere. From technology to psychology and from finance to sports, each advance only makes us need statistics even more than we did yesterday.

 ●      Industry requirements being college course

 A master’s degree often gives students hands-on training in SAS and teaches them how to leverage their skills to solve real-world problems. Logical regression and how to solve it with statistics is something that is taught in college and required by the industry which makes the degree absolutely worth your investment both in terms of money and time.

 Various job profiles that students could apply for include positions in the Banking sector, IT field, and the Quality control sector apart and may comprise Business analysts, statistics lecturers, and professors in various institutions. Data Survey Agencies, Education units, and Finance units also offer great remuneration and experiences in this field. One thing that matters the most is the statistics colleges in Pune you graduate from. The faculty, justice to the course, supplementary courses are very important factors to achieve success.

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Guide to application of statistics

Statistics’ application includes techniques for assessing ideas, measurement of assumptions, and turning them into reality while gauging their substance. The practical implementation of data in science and art is crucial to all political and social administration, all education, and all organizations based upon experience.

 From the fields of medicine to research and from satellites to Facebook, the data collected and statistics built provide all individuals in this field with all necessary tools, concepts, and foundations for reasoning and extraction of information. Such a course is provided in all MSC statistics colleges in India with major hotspots being Pune, Mumbai, and Bangalore for students from all over the country and across the globe.

 It helps you not only solve problems but understand the world and how it operates in all contexts concerned. It helps to prevent misled decisions by incorrect interpretation of numerical data.

 In times like these, when digital living is so essential for all kinds of survival, it is important to adapt to the current technologies and prepare statistics relevant to success. Statistics covers huge volumes of data into actionable steps and considerable figures to help an individual or organization grow exponentially.

 A number of ways in which statistics can be used:

 ●      Identifying trends of consumer consumption, preference, and behavior

●      Predicting the growth or fall of a consumer based on the past and emerging trends of the factors influencing it

●      Determining the efficacy of all operations prevalent

●      Evaluating success rates of any sales force implemented by regional parameters

 Domains that are already showing signs of success based on applied statistics and their applications are:

 ●      Financial trading

●      Diagnostic and administrative processes in healthcare

●      Marketing and advertising

●      Pharmacy

●      Retail

●      Education

 A clearer perception of data as provided by statistics can go a long way to save money and create more profit. To elaborate, some of the following applications of statistics are used:

 ●      Performance appraisal

●      Prediction of conditions- both production and sales

●      Analysis of ratio of risk and return

●      Market research

 The reasons why statisticians prove to be a much better option than general analysts is for the following reasons:

 ●      Overconfidence: Wherein an executive cannot see the objectivity of data present as opposed to the generic suggestions of a report

●      Misunderstanding/Ignorance- Already stuck in the past, they need a statistician who can identify problems and provide actionable solutions that will lead to the growth of the future.

●      Better allocation of resources along with setting up realistic goals and elimination of most errors and waste.

 The above-mentioned reasons are some of the prioritized learning objectives of nearly every best MSc college in Pune, or elsewhere.

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Starting a career in Statistics in India

Statistics is a great career option for students interested in mathematics and statistical studies. There are a lot of job opportunities available for Statistics graduates all around the world. The field is multi-disciplinary and can be applied across many different industries.

 Symbiosis Statistical Institute in Pune is one of the premier MSc Statistics Colleges in India. It offers an excellent MSc program and a PhD program in Applied Statistics.

 Let us take a look at how you can start a career in Statistics.

 Education

 A Bachelor’s degree in Statistics is the perfect way to get started on a career in the field. You are eligible for a Bachelor’s program in Statistics if you passed 10+2 with Maths, and scored above 50%. You can opt for a BA in Statistics or a BSc degree in Statistics.

 BA in Statistics focuses on applied statistics and subjects like elementary interference, sample survey, etc. This degree is more suited for future economists, data analysts, and academics.

 BSc in Statistics deals with Mathematical Statistics, quantitative analysis, computer-oriented statistical methods, probability, programming languages like C, Python, C++, etc. With a BSc degree in Statistics, you can work as a statistician or analyst in the technology sector, insurance and finance sector, in an IT company, etc.

 Salary and Job Prospects

 The average salary of a statistician ranges between 6-10 LPA. Top companies like Google, Amazon, Deloitte, Morgan Stanley, etc reportedly pay their statisticians’ large salaries that may extend 18-20 LPA. Good knowledge of SAS will ensure a high-paying job as a statistician.

 Statistics is a multi-disciplinary field that can be applied across several industries. Problems related to finances, technology, agriculture, environment, etc can all be solved with the correct use of statistics. With the advent of Big Data and other such technologies, the role of a statistician is becoming increasingly important. The role is also constantly evolving with the introduction of new technologies and Artificial Intelligence.

 Here are some of the common roles of Statistics graduates in the industry-

 ●      Statistician

●      Cost Estimator

●      Arithmetician

●      Research Analyst

●      Sevice Estimator

●      Professor

●      Subject Matter Expert

●      Consultant

●      Investment Analyst

  If you opt for higher studies and get a PhD in Applied Statistics, you can get a position such as Senior Research Analyst which is a very high-paying and lucrative job.

 Conclusion

 All in all, Statistics is a great career with endless opportunities. The field is very diverse and is constantly evolving. Data and Statistics form the backbone of any successful business and is integral to a company’s survival.

  SSI is an MSc Statistics College in Pune offering an excellent curriculum and industry placements. It is one of the best colleges for statistics in the country

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What is the scope of an MSc degree in Statistics?

Statistics is the collection, organization, and interpretation of data. Statisticians in the corporate world are tasked with collecting and organizing data related to company performance, employee performance, etc and analyzing people’s preferences and tendencies.

Symbiosis Statistical Institute (SSI) in Pune is among the best MSc Statistics Colleges in India.

 Let us take a brief look at the MSc Statistics course in India.

 Course Overview

 MSc Statistics is a two-year postgraduate course as provided by SSI. The minimum qualification for this course is a BSc degree in Statistics, Mathematics or any other related field.

 The course trains students and familiarizes them with theoretical and applied concepts of statistics. It gives them advanced knowledge of analysis and interpretation of data. Subjects such as Social Studies, Finance, Economics, and Econometrics are also included in this course.

 Graduates should be able to choose the correct statistical method to solve problems related to data analysis. They should be able to implement this analysis on a computer and communicate the results clearly and easily.

 Syllabus

 Here are some of the subjects included in an MSc Statistics course-

 ●      Distribution Theory

●      Ancillary Mathematics

●      Linear Models and Regression Analysis

●      Matrix Algebra and Numerical Analysis

●      Measure Theory and Probability

●      Multivariate Analysis

●      Time Series Analysis

●      Environmental Statistics

●      Statistical Machine Learning

  Salary and Job Prospects

 The average salary of an MSc Statistics graduate is around 5-8 LPA. Senior Statistical Analysis positions could pay up to 18 LPA. Here are the common job profiles of MSc Statistics graduates-

 ●      Statistician

●      Cost Estimator

●      Arithmetician

●      Service Estimator

●      Investment Analyst

●      Professor

●      Subject Matter Expert

●      Consultant

●      Research Analyst

 With the advent of Big Data and the advancement of computers and networking in the professional environment, there is a lot of demand for statistics experts. There are a lot of opportunities for Statistics professionals in many different industries such as Banking firms, Investment firms. Pharmaceutical companies, manufacturing companies, research institutes, and the Public Sector.

 An MSc Statistics graduate can opt for higher studies such as a PhD in Statistics that will enable him to get a post such as Senior Research Analyst.

 Statistics and Data Science is at the core of every successful company and the proper use of statistics can result in a companies success or failure. Statistics professional are a necessity in each company to ensure a strong and data-driven future.

  Conclusion

 In conclusion, an MSc in Statistics is a great option for students who are interested in statistics and mathematical studies. Statistics and Data form the backbone of any successful company. SSI is among the top MSc Statistics Colleges in India. It offers an excellent curriculum in Applied Statistics that will prepare you for a successful career in the field.

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Why opting for MSc is important for every future statistician!

M.Sc (Applied Statistics) is an advanced course that provides in-depth knowledge regarding the analysis and interpretation of data suited for various applications. As a master's degree, this course provides a step-up for any looking to improve their career standing. If you are looking to apply for MSc Statistics in Pune, one of the best colleges to look out for is Symbiosis Statistical Institute.

 An MSc graduate has plentiful opportunities for a career path due to the advanced nature and knowledge importance of the course. The path can be towards becoming a statistician, an academic professional or even could lead to higher education in the form of a PhD. The opportunities in the field and in learning are endless with the MSc program.

 SSI provides a 2-year program that prepares students for the future as statisticians or academics. Three specialisations are provided to students, Data Science, Biostatistics and Data Analysis and Industrial Statistics & Operations Research. Their specific focus determines the path of the students.

 Students at SSI are required to complete a standard term of internship that allows them to utilise their knowledge in the real world and learn the working of the industry. They are also required to complete an Industry Project which utilises their research skills and in-depth understanding of the course material.

 Faculties and facilities at SSI are directed towards student development. They allow freedom to engage in discussions and original ideas while focusing them on the set practices and knowledge of the statistics field. This type of learning is important in developing a confident statistician.

 Students graduating from SSI are equipped with Problem Analysis, Solution Development, Optimum Tool Usage, Research and Investigation skills. These areas of development are essential for a working statistician who wishes to work towards the development of the company.

 While the learning at SSI is cutting-edge and student-oriented, their placement programs aren't far behind. The institute ensures that students are provided with plentiful opportunities for their future. The companies and job opportunities that are present at SSI are geared and optimised according to the skills and preferences of the students.

 While SSI would welcome students interested in pursuing the course, certain requirements are to be fulfilled for eligibility in this competitive program. Students with a good academic record in the relevant field of statistics and mathematics are eligible to apply. After which they will be required to appear for a Written Ability Test (WAT) and Personal Interaction (PI) before procuring a seat at SSI.

  As is true for every higher education, it is an essential tool for stepping up in your professional life. And even though there are many MSc statistics colleges in Pune, none are as good or as student-focused as Symbiosis Statistical Institute.

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A Guide about Statistics Courses

In this era of advanced technologies, the world is built on tools like big data. Computers, servers, and networks are everywhere, and the digital aspect of things has replaced the rule of thumb with rigid assessments and evaluations. Statistics courses in Pune and its syllabus are essential to gauge all patterns, consequences, and success rates.

 Fields like neuroscience, genomics, to astronomy- all use statistics, given the way science has shifted from a theoretical concept to an application-based phenomenon. They play an instrumental role in discoveries and their shelf lives. Statistics has emerged to be adaptive to current challenges in a society overloaded with variables. Thus, SSI plays an extremely important role in preparing students in this jurisdiction and developing their constructive analysis skills and competencies. They are encouraged to explore various statistical philosophies and lay the groundwork for a data-dependent future.

 They are taught to translate and implement statistical solutions to real-world problems in any and all contexts that matter. The program prepares students for career opportunities in domains like Pharma, Insurance, and Finance wherein market research, forecasting, and predictive analysis are key components in job profiles that are available in academia, Non-Governmental Organizations, Consulting, and Doctoral Studies.

 Specializations are offered in Data Science, Biostatistics and Data Analysis, and Industrial Statistics and Operations Research. Each program requires essential prerequisite courses. Each program is offered with relevant Flexi courses and electives with a compulsory undertaking of internship and industry project post their second and third semesters, respectively. The institute conducts tutorials, hands-on workshops, series of guest lectures, scientific colloquiums, skill development lectures, and value-added courses, which will be non-credit courses.

 The program helps future statisticians to prepare scientific decision-making with advanced statistical software and research-based knowledge and research methods. These include the design of experiments, Optimization, Reliability, and interpretation of data, and synthesis of the information to provide valid conclusions. The aim is to translate sharp and extensive analytics that can aid public health and safety, and the cultural, societal, and environmental considerations. Graduates empower investigation, critical thinking, and innovation that break conventional barriers of education and general thinking. Teamwork and collaboration in multifarious themes are prioritized, and ethics and responsibilities are nurtured to induce professionalism.

 The MSc college in Pune, or elsewhere acts on the principle that the world is ever-changing. The students need to be agile and diligent in recognizing changing trends and patterns to engage in independent and continuous learning in contexts that are not streamlined to one single approach or can be applied via one single technological requirement.

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A Guide about Statistics Institutes

Data has been called "the grease of the digital quadrant of the economy" for nothing much like data management exists that can ensure, predict, and supplement a company's survival. A masters in data management allows students to explore different careers in the domain with a maximum return guarantee.

 If you are interested in pursuing masters in statistics in India, you should know the best institute in Statistics in India. Below we are going to list down some of the best institutes in the nation.

 Birla Institute of Technology-

Birla Institute of Technology is a widely acclaimed college for engineering and technology. It offers Undergraduate, Post Graduate, and Ph.D. programs in Engineering & Technology, Applied Sciences, Remote Sensing, Computer Applications, Information Science, Biomedical Instrumentation, Biotechnology, Pharmaceutical Sciences, Business Management & Hotel Management & Catering Technology. The well-equipped campus provides all resources for cultural, recreational, and sports opportunities.

The Indian Institute of Remote Sensing (IIRS)-

The Indian Institute of Remote Sensing (IIRS) has always been instrumental in tuning capacity and training in geospatial technology and its applications through education and research. The programs of the Institute are designed to meet the globally competent standards set alike for graduates and decision-makers. The Institute aims to focus on developing updated techniques for various phases of analyzing the data & Geo-information for various social applications that facilitate a better understanding of the Earth's system processes.

 Symbiosis Institute of Geoinformatics

 Graduates from Symbiosis institute of Geoinformatics aim to advance human resources in the field of Data Science and in the field of Spatial Analytics to create subject and professional experts. To enhance the ability of the candidate in data mining, and in the spatial domain, the institute provides industrial exposure in data analytics to develop critical thinking for designing a data management framework, making it one of the best colleges for masters in data science.

 Reasons to give Symbiosis Institute of Geoinformatics a chance.

 The current trends of Artificial Intelligence techniques, including Machine learning and Deep learning aspects, are dramatically changing the way fields from finance and banking to healthcare and earth observations work. The requirement for technological advancement for maintaining and developing spatial data and high computational infrastructures have become the proliferating reasons for Geo-intelligence and business intelligence. Deep learning techniques and methodologies are required in order to capture the intricacy of spatial data with almost-human precision. This is where SIG, the best institute in data science in India, comes in with its experiential learning-supported postgraduate courses in statistics in India.

 Any student's journey here comprises a potent mix of academics, corporate exposure and professional skills to enable their excellence in both. They are readied for the real world with hands-on experiences much beyond mere theoretical knowledge. This is accomplished through steady exposure to seminars and workshops, industry visits / exhibitions and professionally conducted events.It is one of the best institutes to receive a degree of MBA in data science in Pune.

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A Detailed Guide About MSC Applied Statistics

MSC applied statistics is a popular post-graduation program among mathematics students. Pursuing this course helps students to get lucrative job opportunities in private as well as the public sector. In this article, we are going to understand in detail about this program.

What is M.Sc Applied Statistics?

M.Sc in Applied Statistics is a full-time mathematics postgraduate degree. The duration of this program is two years. In it, students get in-depth knowledge of subjects-

Mathematics

Social sciences

Finance

Economics

What is the eligibility to pursue M.Sc Applied Statistics?

To pursue M.Sc. Applied Statistics-

You need to complete an undergraduate degree from a recognized university. 

You must have maths as a compulsory subject in the undergraduate degree.

You must have at least 50% average marks.

Which subjects are covered in the curriculum of M.Sc Applied Statistics?

The following subjects are covered in the curriculum-

Year One - Semester One

Probability Distributions

Statistical Computing

Linear Algebra

Mathematical Analysis

Sampling Theory

Year One - Semester Two

Statistical Inference

Probability Theory and Applications

Linear Models

Multivariate Statistics-1

Stochastic Processes

Year Two - Semester Three

Design of Experiments

Statistical Learning and Data Mining

Computer Intensive Statistical Methods

Multivariate Statistical Analysis-2

In the third semester, students can select a specialization course between the following-

Bio-Statistics and Data Analysis

Data Science

Industrial Statistics and Operations Research

Year Two - Final Semester

Common subjects in this semester are-

Statistical Machine Learning

Industry Project In Specialization

Scientific and Report Writing

The specialization course subjects are as follows-

Bio-Statistics and Data Analysis

Statistical Methods in Micro-array Data Analysis

Statistical Methods for Bio Computing

Analysis of Clinical Trial Data

Data Science

Big Data Analytics

Statistical Methods for Bio Computing

Statistical Methods for Quality Control

Industrial Statistics and Operations Research

Statistical Methods for Quality Control

Statistical Methods for Reliability

Stochastic Models in Finance

What are career prospects after completing M.Sc Applied Science?

After completing M.Sc. Applied Science, numerous opportunities open for you some of them are mentioned below- 

Statistician

Statistician helps in solving problems that businesses, academia, industries and the government faces with the help of formulae and data. They do their duty by analyzing the data and applying various techniques of mathematics, as well as statistics.

Quantitative Developer

A quantitative developer is someone who develops a trading infrastructure for investment banks. They do this with the help of computer programming. 

Quantitative Risk Analyst

A quantitative risk analyst applies the mathematical and statistical method to solve financial as well as risk management problems. Additionally, they develop and implement complex financial models that are used to make decisions on investment, pricing, etc. by financial institutions.

Conclusion

These are just some of the opportunities, pursuing masters in statistics in India would open a wide range of opportunities for you. These options would provide you with job satisfaction and lucrative salary option.