What is Statistics? Scope and Career Opportunities

What is Statistics?

What is Statistics?
Statistics is the study of the collection, organisation, analysis, interpretation and presentation of data. It is built up from the field of mathematics known as probability. Probability gives us a way to determine how likely an event is to occur. It also gives us a way to talk about randomness.


It can be used in every field of scientific research, such as psychology, economics, medicine, advertising, demography and many more. Statistical course will teach students on the basic concepts of logic, mathematics, statistical reasoning, analyse data, evaluate data and research methods.

Scope of Statistics:
Statistics is indispensable in this modern age aptly termed as "the age of planning". The governments of most countries around the world are constantly researching to improve its economic development. Statistical data and techniques of statistical analysis are immensely useful in solving economical problems such as wages, price, time series analysis, demand analysis. It is an irreplacable tool of production control. Business executives are relying more and more on statistical techniques for studying the prefernce of the customers.

Industry statistics are widely used in equality control. In production engineering, statistical tools such as inspection plan, control chart etc. are extensively used to find out whether the product is confirming to the specifications or not.

Statistics are useful to banker, insurance companies, social workers, labour unions, trade associations, chambers and to the politicians.

Career Opportunities:
One can find a career in statistical profession by doing activities such as solving problems in a wide variety of fields and apply mathematical and statistical knowledge to social, economic problems.

Careers that incorporate statistics can be found in a wide variety of disciplines. Here are a few examples of fields which use statistics, i.e agriculture, business, industry, computer science, health sciences, government, private, scientific and other disciplines.

These candidates can also apply for the Indian Statistical Services, Civil Services and Indian Economic Services exams.

What are the job roles:

  • Statistician
  • Lecturer
  • Professor
  • Content Analyst
  • Statistic Trainer
  • Data Scientist
  • Consultant
  • Biostatistician

To find more information on jobs related to Fine Arts degree, you may click here.

Who can apply for this course:

  • Candidates who have passed 10+2 in commerce discipline, are eligible to purse bachelor's degree in statistics.
  • Candidates who have passed bachelor's degree in statistics, are eligible to pursue master's degree in statistics in Indian and Foreign Universities.

Top colleges/ Universities in India offering Statistics course:

  • Indian Statistical Institute, Bangalore
  • Indian Statistical Institute, Delhi
  • St Xavier's College, Mumbai
  • Loyola College, Chennai
  • Indian Statistical Institute, Calcutta

Top colleges / Universities in abroad offering Statistics course:

  • Stanford University
  • University of Oxford
  • Harvard University
  • University of California, Berkeley
  • University College London
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