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Number game

Statistics is the science of applying mathematical principles to gather, analyse and present numerical data in a usable manner.

education Updated: Sep 22, 2011 10:59 IST
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The lowdown
Statistics is the science of applying mathematical principles to gather, analyse and present numerical data in a usable manner. One has very bright chances as a statistician. One can do Msc after their graduation. They can also take the ISS and IES exams. They can go in for Actuarial sciences as well. They can go into Life Insurance Companies, Banks and many more software companies as the combo of stats/numbers and computers is beneficial

Clock Work
A statistician’s average
workday in a pharmaceutical company:
9 am: Reach office. Start creating data sets for which tables and listings have to be made
10.30: Tea break
11 am: Analyse data which has come from the data management team.
12.30pm: Have lunch
1.30pm: Work on the report
4.30pm: Send the report to senior statistician
5pm: Leave for the day

The payoff
Starters in the private sector can expect to get anything between Rs6 lakh to Rs7 lakh per annum. The starting salaries in the government (ISS) is Rs50,000 per month plus incentives

Skills/TRAITS
. Good maths background
. Strong quantitative and analytical aptitude
. Logical thinking
. Good communication skills
. Team spirit

Getting There
Opt for a bachelors degree in statistics, offered at many institutions. You can clear exams conducted by the Institute of Actuaries of India. The Union Public Service Commission conducts the examination for recruitment to the Indian Statistical Service. This exam is open only to postgraduates in stats and certain allied disciplines. More details available at www.upsc.gov.in

Institutes
. University of Delhi
www.du.ac.in
. Indian Statistical Institute, Kolkata (with centres in Delhi and Bangalore)
www.isical.ac.in, www.isid.ac.in, and www.isibang.ac.in

Pros and cons
. Intellectually stimulating
. You have to keep learning
. Many well-paying jobs in the industry

Statisticians get very good pay packages and incentives, both, in the government and the private sectors Prof Jagdish Saran, HOD, dept of statistics, University of Delhi

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