MASTER OF SCIENCE (STATISTICS)

Master of Science

Statistics | M.Sc.(Stat)

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.

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Key Information

  • Duration
    2 Years
  • Programme Code
    ST3121
  • Course Type
    Masters
  • Mode of study
    Full time
  • Campus
    Vidyavihar - Mumbai
  • Institute
    S K Somaiya College
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Admission Details

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.

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.

Curriculum

 
 
Semester I Semester II
Course name Course name 
Probability Distribution and distribution theory       Multivariate Analysis
Sampling Techniques Design of Experiments
Theory of Estimation Testing of hypothesis
Linear model-1 Linear model-2
Elective Elective
Statistical Analysis using R and Python Statistical Analysis using SPSS      
Statistical Process Control Biostatistics
Semester III Semester IV
Core Courses (CC) Core Courses (CC)
Data Mining and Machine Learning Demography and vital statistics
Stochastic Processes Bayesian Inference
Statistical Analysis using SAS Survival analysis
Research Methodology Actuarial statistics
Elective Elective
Time Series analysis Clinical Research
Operation research Econometrics
Semester III Semester IV
Core Courses (CC) Core Courses (CC)
Machine Learning Techniques Time Series Analysis Models
Stochastic Processes Reliability and Survival Analysis
Statistical Process Control Project
SAS  
Elective Elective
Biostatistics Actuarial Statistics
Operation research Clinical Trials

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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