Master of Science Statistics Course | M.Sc Statistics Colleges in Mumbai

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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admissions@somaiya.edu

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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