Career in statistics

Mathematics is the subject which every student has been running away from ages, and if one talks about a career purely into numbers and statistics, it would something be compared to impossible. Students, who opt maths as their career option, are always termed as the most intelligent ones or the genius. They are ones, who are excellent with numbers and have gained expertise in working with statistics. Studies in this field are considered to be highly difficult and are thus are the corresponding job opportunities.

Career in statistics digs into the role of numbers and figures of the organisations, and has come up as an independent discipline of study. The job options in this field are very challenging and attractive from the work as well as from the salary point of view. Statistics as a subject is an important element for the overall growth of the economy. The policy makers, government bodies, manufacturers, budget planners all have excessive use of statistics, leading to a smooth flow of business and its investment procedures. Statistic heads are called to be the gurus of numbers due to their proficiency of playing with numbers.

Statistics is used an important tool to predict and judge the results and behaviour of the market in terms of the monetary gains and benefits. Some of the specialised subjects, which a student can opt for, as apart of his career in statistics are:

• Business Statistics
• Actuarial Science
• Engineering Statistics
• Demography
• Energy Statistics
• Image processing
• Applied information economics
• Epidemiology
• Psychological Statistics
• Economic Statistics
• Social Statistics
• Data Mining
• Reliability engineering
• Biostatistics
• Statistical classification
• Statistical surveys
• Survival analysis

Students wanting to pursue career in statistics can also opt for Statistical computing. Because of the fact that economy has come under a global scenario, computers have become the main source of imparting education to the students these days. Some of the institutes providing statistics courses  are:

v     Indian Statistical Institute, Kolkata

v     Indian Statistical Institute, New Delhi

v     Indian Institute of Technology, Kanpur

v     University of Rajasthan

v     University of Mysore

v     Rajiv Gandhi Technology and Management, Uttar Pradesh

v     Osmania University, Andhra Pradesh

v     Narsee Monjee Institute of Management and Higher Studies, Mumbai

v     North Eastern Hill University, Meghalya

v     Kurukshetra University, Haryana

v     Garden City College, Bangalore

v     Christian Medical College, Tamil Nadu

v     Mukand Lal National College, Haryana

v     Andhra University, Andhra Pradesh

v     Annamalai University, Tamil Nadu

v     Gandhigram Rural Institute, Tamil Nadu

v     Banasthali Vidyapeeth, Rajasthan

Career in statistics is a course which requires a lot of learning and expertise to perform well in the field. The students doing studies in statistics needs to be very intelligent and should have great analytical abilities to get the maximum outputs of his career. Workshops and learning sessions are organised by big MNCs and government organisations, to ensure the proper inflow of information to the professionals and make them aware of the latest happenings and advancements in the field of statistics. Also, with the globalisation coming into its way, most of the companies are very finicky about their statistical figures, because a single error can lead to major repercussions.

Therefore, we can say that the students pursuing courses in statistics possess a great career and can look for job opportunities in India as well as abroad. Work as data analysts, interpreters, strategy makers etc are becoming very popular due to the rise in competition among different brands. To ensure its profits and see that the organisation keeps growing, companies employee strategic analysts who with their statistical abilities, succeeds in calculating the foresighted results of the organisation.