Overview
Statistics is a mathematical branch of knowledge associated with developing and studying methods to collect, analyse, interpret and present empirical data. It is a term used to summarize a process that an analyst uses to characterize a data set. If the data set depends on a sample of a larger population, then the analyst can develop interpretations about the population primarily based on the statistical outcomes from the sample. To sum it up, Statistical Analysis involves the process of gathering and evaluating data and summarizing the data into a mathematical form.
Data, literally any kind of data, can be represented optimally so that it is both concise and better understood, which in turn makes the analysis easier. From medical studies to research experiments, from satellites continuously orbiting the globe to ubiquitous social network sites like Facebook or LinkedIn, from polling organizations to United Nations observers, data is collected anywhere and everywhere! Statistics is the field you have to look for if doing this is something you enjoy.
With a degree of Bachelor’s in Statistics, there is nothing you can’t analyse or predict! Knowledge in statistics provides you with the necessary tools and conceptual foundations in quantitative reasoning to extract information intelligently from the sea of data! This means that Statisticians are in demand in all sectors of the society, ranging from government to business and industry, to universities and research labs. There are not only a wide range of opportunities for Statisticians, but careers in Statistics can be quite lucrative, with Statisticians with sufficient experience can often earn six-figure salaries
Course Structure
With the advent and rise of data science, the demand for studying Statistics is also on the rise! As a result, most of the colleges have accommodated Statistics as a course in their curriculum. Below is the list of core courses in Bachelor’s of Science in Statistics:
- Combinatorics and basic set theory notation
- Probability definitions and properties
- Common discrete and continuous distributions
- Bivariate distributions
- Conditional probability
- Random variables, expectation, variance
Course Subjects
To study a Bachelor's course in Statistics, you must study either Mathematics or Statistics as a compulsory subject in your plus two curriculum. Following are the BS Statistics subjects:
- Computer Science
- Mathematics
- Statistics
- Trigonometry
- Physics
- Economics
- Graphical Representation
Top Specializations
Top specialization :
- Collecting
- Analyzing
- Interpreting
- Presenting empirical data
Core Skills
In addition to the focused statistical skills, statisticians should have:
- Strong mathematics abilities.
- Wide-ranging computer skills.
- Ability to communicate findings to non-statisticians.
- Analytical and problem-solving skills.
- Industry knowledge.
- Teamwork and collaborative skills.
Requirements
Top Scholarships
Statistics scholarships 2021 - 2022
- Korean Government Self Finance Support Announced
- New Zealand Aid Programme 2021-2022 Scholarships for international students
- Global Korea Scholarship - Funded by Korean Government
- Friedrich Ebert Stiftung Scholarships
- ANU Chancellor’s International Scholarship
Work Opportunities
In terms of career opportunities and jobs, it would be safe to say that a Bachelor’s of Science in Statistics is way more flexible as it allows you to explore more options. Below are some of the job opportunities listed:
- Actuarial Analyst
- Actuary
- Civil Service Fast Streamer
- Data Analyst
- Data Scientist
- Financial Risk Analyst
- Investment Analyst
- Market Researcher