Marg Career Library - Statistician

Overview:

Statisticians work with large amounts of data. They gather, analyse, and interpret the data to provide insightful suggestions to their client. They can help identify employment opportunities, investment risks, understand research data, and much more. They are expected to use analytical and problem-solving skills and work with various software in their profession. These professionals apply the knowledge of statistics to inform decisions of businesses and organisations. Hence, they are becoming more and more in demand presently.

Career Path:

Stream of Study at 12th:	Students who wish to become statistics can opt for the Science stream at the 12th level. After 10th, students can also pursue Certificate and Diploma courses in Statistics, Statistical Methods and Applications, etc. Students may be required to appear for institute based entrance exams to enrol in these courses.
Degree/Graduation Courses:	Pursue Bachelors in Statistics (Honours) for 3 years Pursue B.A. in Statistics for 3 years Pursue B.Sc. in Statistics for 3 years Pursue Bachelors in Mathematics (Honours) for 3 years Pursue B.A. in Economics for 3 years Pursue B.Sc. in Data Science and Analytics for 3 years Pursue any other undergraduate course in a field of mathematics, economics, finance, data analytics, and business analytics
Higher education/After Graduation Courses:	Pursue Masters in Statistics (Honours) for 2 years Pursue M.A. in Statistics for 2 years Pursue M.Sc. in Statistics for 2 years Pursue Masters in Mathematics (Honours) for 2 years Pursue M.A. in Economics for 2 years Pursue M.Sc. in Data Science and Analytics for 2 years Pursue Ph.D. in Statistics for 3 to 5 years Pursue any other postgraduate course in a field of mathematics, economics, finance, data analytics, and business analytics

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Top Colleges:

Indian Statistical Institute, New Delhi
Indian Statistical Institute, Bangalore
Indian Statistical Institute, Kolkata
Indian Institute of Technology, Kanpur
University of Delhi, New Delhi
Chennai Indian Statistical Institute
Narsee Monjee College of Commerce and Economics, Mumbai
Institute of Mathematical Sciences
St Xavier’s College, Mumbai

Job Opportunities:

Educational institutions
Research and development institutions
Healthcare institutions
Private and public companies
Financial and banking firms
Information technology companies
Insurance and accountancy firms
Logistics and transport companies

Job Responsibilities:

Identifying the problem that requires the skills of a statistician
Designing studies and/or tools to obtain data
Training individuals or teams for data collection
Collecting and preparing the data from different sources
Using different software and techniques to analyse the data obtained
Interpreting the results of the data analysis
Using the results of data analysis to predict trends, understand opportunities, identify risks, etc.
Reporting conclusions of the data analysis through data visualisation
Providing suggestions to clients or organisations for solutions based on results of the data

Work Life:

Statisticians work in an office environment on most days on a fixed work schedule
They also have the opportunity to work from home based on their job and work type
These professionals may be required to visit the field or other environments for data collection, to attend client meetings, etc.
The duration of their work may be short term and long term
They work either individually or with other professionals in a team

Key Skills:

Team working skills
Problem-solving skills
Communication skills
Presentation skills
Data analysis and interpretation
Proficiency in programming languages
Organisation and planning skills
Critical thinking skills
Time management skills

Designation:

Entry-level

Statistician, Mathematician, Data Analyst, Content Analyst

Mid-level

Data Scientist, Business Analyst, Investment Analyst, Risk Analyst, Actuarial Analyst

High-level

Statistic Trainer, Consultant, Market Researcher, Operational Researcher

Merits & Demerits:

Merits

1. These professionals can learn and grow well in this field
2. Their salary packages are good
3. There is a large scope of work for these professionals
4. The profession can be challenging and exciting because of the unique problems faced

Demerits

1. These professionals may have long working hours based on their tasks and clients
2. They may be required to travel and stay away from home for some tasks
3. Most of their work is done on computers and other gadgets, which could lead to physical difficulties
4. They need to constantly update themselves and complete higher education for better opportunities

Overview
Career Path
Top Colleges
Job Opportunities
Job Responsibilities
Work Life
Key Skills
Designation
Merits & Demerits

Statistician

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