A solid foundation in mathematics and statistical concepts is mandatory to make a career in data science. Though many in India who become data scientists come with an engineering degree, computer science being the most common one, a postgraduate degree in mathematics or statistics can be very helpful too. But which one will you choose? Despite the two courses having overlapping concepts, they do come with many differences:

Let’s look at what the two courses in India teach you:

MSc in Statistics

  • It is usually a two-year offline course provided by leading universities.
  • Provides deep understanding of statistical theory and model construction.
  • Includes topics like probability, linear models, time series analysis, Econometrics.
  • It also introduces students to languages like R, Python to analyse datasets. This can help students immensely if they want to make a career in data science.
  • Teaches students to use statistics in real-life scenarios and business settings.

MSc in Maths

  • This is also a two-year offline course that leading universities provide.
  • Dives into core mathematical concepts. Provides in-depth knowledge in applied mathematics.
  • Includes topics like real analysis, algebra, number theory, topology, probability theory, linear programming, field theory, complex analysis, differential geometry, etc.
  • Computer programming is included in some universities and colleges.

Top places to study MSc Statistics

  • Indian Statistical Institute – The M Stat course offered by this premier institute is one of the best the country has to offer. It provides advanced-level training in the theory, methods and applications of statistics. The eligibility to pursue this course is relevant graduation from a recognised college. Candidates should have a minimum aggregate of 55% or its equivalent CGPA. ISI conducts an admission test and a subsequent interview for admission.
  • IITs (Indian Institute of Technology)- Many of the IITs provide advanced courses in statistics. IIT Kanpur’s statistics course aims to hone mathematical interests, motivate research in mathematical sciences and train computational scientists to work on real-world problems. Placement of students in the M.Sc. (Integrated) and M.Sc. (2 years) statistics programmes have been almost 100 per cent during the past ten years, said the institute. IIT Bombay, IIT Delhi, IIT Roorkee, IIT Guwahati, etc., also provide mathematics and statistics courses.