MBA in Statistics

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Mar 13, 2023 19:31PM IST

About MBA in Statistics

MBA in Statistics or a Master in Business Administration in Statistics is a two-year postgraduate course. Through the MBA in Statistics course, skills and insights are developed in the students that are required to draw inferences and conclusions from several types of data. Nowadays, data is an essential part of all organizations, no matter which sector. A key challenge that is faced by managers of even great companies is the interpretation of the vast amount of data that is generated in the world of business today.

This is inevitable as modern computing systems now produce large volumes of data and information. Previously, one could often only rely upon guesses and intuition but times have changed and this practice is no longer advisable. Statistics and data analysis offer a systematic approach that can be extremely helpful in providing answers to these questions. An MBA in Statistics course develops the skills and aptitude of students that are required for making effective use of statistical methods.

The course provides knowledge that is needed to select and apply techniques and also to communicate statistical results. The theory part of an MBA in Statistics helps in motivating and comparing alternative schemes whereas interpretations in realistic applications offer guiding examples. An MBA in Statistics also provides useful skills that are capable of augmenting the substantive managerial abilities of students. This course offers exposure to computer software which implements key techniques as well.

The top colleges offering MBA in Statistics courses in India include Banaras Hindu University, University Of Hyderabad, Hyderabad, Aligarh Muslim University, Banasthali Vidyapeeth, Jaipur, Lady Shri Ram College, and more. The average MBA in Statistics fees in India is INR 50,000 to 10 Lakhs per annum. Graduates in any field with 50% aggregate marks can apply for this course. Many colleges offer admission on the basis of scores in entrance exams like GMAT, MAT, CAT, XAT, etc. Read below for complete information about MBA in Statistics.

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MBA in Statistics Highlights

Have a look at the major highlights of an MBA in Statistics course provided in the table below.

MBA in Statistics Highlights

ParticularsDetails
Course NameMBA in Statistics
LevelPostgraduate
Duration2 Years
Entrance ExamCAT, MAT, XAT, GMAT
Eligibility CriteriaBachelor's degree in any field with 50% marks
Top CollegesBanaras Hindu University, University Of Hyderabad, Hyderabad, Aligarh Muslim University, Banasthali Vidyapeeth, Jaipur, Lady Shri Ram College, etc.
Average FeesINR 5 - 10 LPA
Average SalaryINR 5 - 10 LPA
Top Job ProfilesStatistician, Mathematician, Business Analyst, Risk Analyst, Professor, Content Analyst, Data Analyst, Data Scientist, Statistic Trainer, Econometrician, Consultant, Biostatistician, etc.
Areas of EmploymentManufacturing Sector, Public Sector, Scientific Research Organizations, Research Organizations, Banking Sector, Research Centers, Pharmaceutical Companies, Educational Institutes, Market Research Companies, Insurance Companies, etc.
Top RecruitersNeilson, Deloitte Consulting, Tata Consultancy Services Innovation Labs, Blue Ocean Marketing, BNP Paribas, Goldman Sachs, Genpact, etc.
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MBA in Statistics Syllabus

Check out the MBA in Statistics syllabus for each semester provided below.

MBA in Statistics Syllabus for First Year

Fundamentals of ManagementOrganizational Behaviour
Principles of Statistics ManagementAccounting for Managers
Marketing Methods for Business DecisionsInformation Technology for Managers
Indian Ethos and ValuesBusiness Communication
Human Resource ManagementFinancial Management
E-Business FundamentalsQuantitative Techniques
Personality DevelopmentConsumer Behaviour

MBA in Statistics Syllabus for Second Year

Introduction to StatisticsMeaning, Role, and Techniques of Statistics
Probability and Probability DistributionCorrelation Analysis
Regression AnalysisTime Series Analysis
Chi-Square AnalysisSampling Theory and Tests of Significance
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Top MBA in Statistics Colleges in India

Candidates seeking admission into the MBA in Statistics course can check out the list of top colleges they can apply to

Name of the InstituteLocation
University of HyderabadHyderabad
Pondicherry UniversityPondicherry
NIMS UniversityJaipur
Banaras Hindu UniversityVaranasi
Mumbai UniversityMumbai
Hindu College New Delhi
Aligarh Muslim UniversityAligarh
Loyola CollegeChennai
Annamalai UniversityCuddalore
Utkal UniversityBhubaneswar
Sri Venkateswara CollegeNew Delhi
Madras Christian CollegeChennai
Lady Shri Ram CollegeDelhi
Dr. D.Y. Patil Arts, Commerce and Science CollegePune
The Oxford College of ScienceBangalore
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MBA in Statistics Career Options and Job Prospects

The programme of MBA in Statistics offers jobs to candidates in several avenues. Various fields such as agriculture, business, industry, computer science, healthcare, pharmaceutical, automobile etc. are on a constant hunt for MBA graduates with specialisation in statistics. Students can land at lucrative jobs in both government and private sector after they are done with their degree of MBA in Statistics. Some of the most popular jobs offered to those who possess an MBA in Statistics are given below.

  • Statisticians
  • Mathematician
  • Business Analyst
  • Risk Analyst
  • Professor
  • Content Analyst
  • Data Analyst
  • Data Scientist
  • Statistic Trainer
  • Econometrician
  • Consultant
  • Biostatistician
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FAQs about MBA Statistics

What are the top colleges offering MBA in Statistics courses ?

Following are some of the top colleges offering Management courses : Indian Institute of Management Ahmedabad (Ahmedabad) , S.P. Jain Institute of Management and Research (Mumbai) , International Management Institute (New Delhi) , Narsee Monjee Institute of Management Studies (Mumbai) , Jamnalal Bajaj Institute of Management Studies (Mumbai). You can explore these colleges on our website to check if they offer MBA in Statistics or not.

I want admission in MBA in Statistics. Do I have to clear any exams for that ?

Lovely Professional University National Eligibility and Scholarship Test , Karnataka Management Aptitude Test , NIPER Joint Entrance Exam , Tamil Nadu Common Entrance Test , IBS Aptitude Test are some of the exams that you can appear for to get admission in MBA in Statistics courses.

What is the average fee for the course MBA in Statistics ?

The average fee for MBA in Statistics is INR 8,00,000 per year.

What are the popular specializations related to MBA in Statistics ?

Some of the popular specializations for M.B.A. (Master of Business Administration) are : Global Business Operations , Information System Management , Operations Research , Material Science.

What is the duration of the course MBA in Statistics ?

MBA in Statistics is a 2 year course.
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Related Questions

I

Intajur Rahaman, Content Team

-Answered on Nov-04-2024

Dear Student.

The MBA 2024-25 fee structure for Siddaganga Institute of Technology, Tumkur is not available with us right now. However, the total course fees for pursuing a Master of Business Administration course at the institute is INR 1.2 lakhs. Typically an MBA course has a duration of 2 years and the fee structure is divided into four payments for each semester. If you wish to pursue an MBA from Siddaganga Institute of Technology, Tumkur you may visit the official website of the institute or contact the admissions office for detailed information. Some of the common expenses that you may need to bear when paying MBA fees in India include an admission fee, library fee, examination fee, etc. Typically, these payments are to be done along with the first semester tuition fees for MBA at the time of admission.

I

Intajur Rahaman, Content Team

-Answered on Nov-04-2024

Dear Student,

Yes, MIT WPU accepts CAT scores for admission to their postgraduate management programs. MIT WPU offers several MBA specializations to eligible candidates, some of which are Marketing, Finance, International Business, Human Resource Management, Operations and Supply Chain Management, Banking and Financial Services, Digital Marketing, Business Analytics, etc. Aspirants need to have a valid non-zero score in the CAT 2024 exam and they also need to score at least 60% aggregate (55% for Reserved category) in Graduation in any stream from UGC approved University or equivalent in order to be eligible for admission. Candidates also need to score at least 60% aggregate marks in Class 12th and Class 10th with English as one of the main subjects. As for the minimum marks in CAT 2024 for admission to MIT WPU, the CAT cutoff for MIT WPU is expected to be 60 percentile as per previous year cutoff trends.

I

Intajur Rahaman, Content Team

-Answered on Oct-29-2024

Dear Student,

The MAT exam syllabus is quite vast and you need to cover the entire syllabus thoroughly in order to increase your chances of cracking this entrance exam with flying colors. However, it is also important to prioritize certain topics that either have a higher tendency to appear on the MAT 2024 question paper or have a higher weightage than other topics from the MAT syllabus. Important topics from MAT Language Comprehension section include Antonyms & Synonyms, Reading Comprehension, One Word Substitution, Sentence Correction, Idioms/Phrases, Fill in the Blanks, Para Jumbles, etc. For MAT Intelligence and Critical Reasoning, important topics include Arrangement, Series, Pie Chart, Blood Relations, Calendars, Coding & Decoding, Syllogisms, Statement Conclusions, and Column Graphs. MAT Mathematical Skills important topics include Percentages, Permutation and Combinations, Binomial Theorem, Profit and Loss, Sequence And Series, Surds and Indices, Interest (Simple and Compound), Heights and Distance, and Inequalities. Speed, Time and Distance, Triangles, Set Theory, etc. For the Data Analysis & Sufficiency section of MAT Tables, Caselet-based Data, Bar Diagrams, Graphs – Line X-Y Graphs, Venn Diagram, etc are important topics. Important topics from the MAT Economic and Business Environment Section section include Current Affairs, World Records, Business, Awards and Winners, Books and Authors, Company Punchlines, History, International Organisation, etc.