Which degree should I study after completing a master's in statistics here in India?

Asked by Drashti Patel about 2 years ago

Answers 3
Danish Ali Khan

Danish Ali Khan

MentR-Me
MentR-Me Team

Study Abroad Expert

Numerous employment choices are available following an MSc in statistics, including the MSc. In addition, statistics are becoming increasingly popular in several banking institutions, consultancy firms, and public sectors.
As a mathematics branch, statistics involves gathering, reading, analyzing, and presenting data. In addition, mathematical and applied statistics are included in the research area.

CAREER OPTIONS

Data analytics: You can work for any analytics company and help clients discover trends in their data. A customer with "A Plan" has the highest likelihood of purchasing "B Value Added Service," which is a significant value source. You might be the one that manages their analytics through this company.

Let's examine data analytics in banks about data analytics. Using digital imprints, fraud detection algorithms can be created. Therefore, if you were a bank employee, you could conclude that there had been fraud if there had been three attempts to use the same card at three different ATMs and the PIN was quite similar to the first one. Of course, large volumes of data need to be analyzed for this, but your foundational training will help you with that. The field of digital forensics might be a professional option.

Market Research: Let's consider doing a poll to learn more about consumer expectations and behaviour. How can you make sense of all the data from online and offline sources so you can take meaningful, helpful action? You must apply the statistical techniques you studied in class. Therefore, market research may be a significant area of attention in an MR firm or corporate entity.

Software Programmer: Given your aptitude for analysis, you might work in the field of software programming. Although it might not use your knowledge, it will use the "bend of mind" you developed during your education.

You could concentrate on subjects like Visual Data Representation (Tableau, Quick, PowerBI) and Data Reporting (Crystal Reports), which are related to your core competencies.

Government Statistician: The nation needs a lot of statistical and econometric data to function—statistics on acreage, yields, health, and other topics. We also need intelligent, idealistic young individuals to manage our country.

You can work as a district statistical officer, gathering data from the district, processing it, and sharing it with the state authorities.

Overall, I believe you are in a hot area, my friend. Keep your passion for mathematics alive. Decide on a speciality. Develop other abilities with it. If you follow this advice, your future is in good hands.


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XAVIAR X

XAVIAR X

MentR-Me
MentR-Me Team

It’s good to hear that you have completed your Master’s in statistics in India. After that you are going to get a bunch of exciting paths to explore for further study. Here are some the suggestions:

1. Data Science: If you want to dive deeper into numbers and machines. So Data Science might be your thing! With this degree, you'll use your stats skills to solve real-life problems. And guess what? There are tons of cool jobs waiting for you!

2. Business Analytics: If you're into stats and business, Business Analytics could be perfect for you! You'll learn how to use data to make smart decisions in different industries. 

3. Actuarial Science: If Love numbers and finance then should go for Actuarial Science it all about understanding financial risks. It's a big world out there with lots of exciting jobs in insurance, finance, and consulting.

4. Economics: Curious about how money shapes our world? Economics might be your cup of tea! You'll learn about markets, policies, and forecasting, opening doors to all sorts of cool careers.

5. Public Health: Public Health is where it's at! You'll study diseases, stats, and health policies, gearing up for jobs in healthcare research and policy-making.

Remember, the best choice is the one that excites you the most and where you can make a real difference. So take your time, explore your options, and talk to people in the field. You got this!

 


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Preeti Singh

Preeti Singh

Senior Consultant

When considering further studies after your Master's in Statistics from India, the direction you choose should align with your career aspirations and professional interests. 

MBA: If you're aiming to move into management, or even start your own company, an MBA would be beneficial. It broadens your understanding of business, covering key areas like finance, marketing, and leadership.

PhD in Statistics or Data Science: For those inclined towards a specialized technical route, pursuing a PhD can deepen your expertise and open doors to research and high-level analytics positions.

Both paths offer valuable opportunities, but the best choice will depend on where you want to see yourself in the future. Whether leading strategic business initiatives with an MBA or pioneering data research with a PhD, your next steps should support your long-term professional goals.

 


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