Candidates who have completed post graduation in Statistics can start their career as research analyst, biometrician, bio statistician and econometrician. Candidates can seek employment in various sectors as statistics is widely used in quantitative analysis. Candidates can look for government jobs as well as private sector jobs after completing post graduation in Statistics. Indian Statistical Services and Life Insurance Corporation are the major employers in public sector. Private firms such as Icon Clinical Research India Private Limited and Tech Observer recruit M.Sc in Statistics graduates to the post of research analyst with an average pay of Rs. 20, 000/- per month.

Career opportunities in Government organizations

Post Graduates in Statistics have ample opportunities in public sector firms. Candidates can work in various posts in statistical department of India as well as various state government organisations. Along with Master’s degree, they can apply for various tests conducted by UPSC and SSC. Apart from these, banking sector jobs are another opportunity available for them. Aspirants can seek employment in various public sector banks and Insurance Companies as specialist officer and probationary officers.

M.Sc graduates are eligible to apply for the post of Statistical Investigator in various government departments. They can look for jobs with the government departments which conduct studies on fluctuations in the economy, employment patterns, population trends etc. Those who have cleared UGC NET exam can work as lecturers in government colleges

Career Opportunities in Private Sector

Candidates who have completed M.Sc in Statistics can look for jobs as Statistician, Bio Statistician, and Statistical Analyst etc in various private firms. Private sector banks, insurance companies, share broking companies are the leading recruiters in this sector. Experienced professionals can earn handsome pay scale in clinical research organizations. Icon Clinical Research India Private Limited and Tech Observer are some of the prominent employers in this field. Candidates can earn attractive pay packages up to Rs 16, 000/- to Rs. 25,000/- per month.  Skill and industry experience are the factors that determine pay packages in this sector.

Job profiles available for candidates who have completed M.Sc in Statistics

• Subject Matter Expert-Statistics
• Online Tutor-Statistics
• Statistician-Expertise in Research
• Senior Statistician or Junior Statistician
• Statistician or Arithmetician
• Data Analyst
• Statistician or Biostatistician
• Assistant Professor
• Statistical Investigator Grade

Skills required for career development

Some of the needed skills are mentioned below.

• Strong foundation in ‘mathematical statistics’
• Ability to interact with persons from diverse fields to understand a problem
• Logical thinking and ability to comprehend key facts leading to solution
• Versatility in solving problems and appraisal of results
• Strong background in statistical computing
• Ability to stay updated on recent literature and statistical software

Candidates who have completed M.Sc in Statistics can seek employment in various organizations. Apart from good performance in academics, it is necessary for them to have the required key skills for career development.