BCom in Statistics
Bachelor of Commerce in Statistics, or B.Com, Statistics, is a 3 years duration course divided into 6 semesters. Statistics covers the knowledge of collecting, organizing, analyzing, interpreting, and presenting numerical and categorical data.
The minimum eligibility criteria required for pursuing B.Com Statistics is 10+2 with a 50% marks in aggregate or equivalent from any recognized board.
Actuarial Science, Applied Information Economics, Biostatistics, Business Statistics, Data Analysis, Demography, Econometrics, Energy Statistics, Engineering Statistics, Psychological Statistics, Social Statistics, and other specific subjects are covered in the B.Com, Statistics degree programme.
BCom. Statistics is not just theoretical but it also has certain practical subjects. It is a 6 semester course programme with some colleges following the credit system.The science of collecting, maintaining, evaluating, interpreting, and presenting numerical and categorical data is known as statistics.
BCom is a bachelor's degree in business administration. Actuarial Science, Applied Information Economics, Biostatistics, Business Statistics, Data Analysis, Demography, Econometrics, and other specific topics are covered in the (Statistics) degree programme for the holistic development of the students.
The advanced education programme covers topics such as analysis, probability theory, statistical methods, database management systems, and so on. The degree programme is important in the financial area. Anyone with an ample interest in statistics and economics and is looking for a career in accounts, data interpretation, etc can go for this course.
BCom Statistics Highlights
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BCom. Statistics is a 3 years duration full-time undergraduate course.
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Applicants must have passed their 10+2 from a recognized board or university
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They must have studied English along with either of the subjects; accounting, business studies, economics, or mathematics
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The admission can be in both ways; Entrance Based as well as Merit Based
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The entrance test can be both in online as well as offline mode
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Some colleges even organize Group Discussions and Personal Interview rounds.
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The course has a high career prospect in capacities like Accountant, Auditor, Data Analyst, Data Researchers, etc.
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Eligibility Criteria
- Students must have completed and passed an intermediate level course (10+2) in one of the following subjects: accounting, business studies, economics, or mathematics.
- Some prestigious institutions and institutes need a minimum of 50% in the above topics at the 10+2 level.
BCom Statistics Syllabus
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Semester
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Title of Theory Paper
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Title of Practical Paper
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I
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Descriptive Statistics and Probability
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Descriptive Statistics and Probability
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II
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Probability Distribution
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Probability Distribution
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III
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Statistical Methods
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Statistical Methods
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IV
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Inference
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Inference
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V
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Sampling Theory. Time Series, Index Numbers and Demand Analysis
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Section A: Sampling Theory and Time Series
Section B: Elective I – A/ B/ C
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Elective I – A/ B/ C
A: Statistical Quality and Control and Readability
B: Biostatistics I
C: Actuarial Statistics I
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Statistical Practical’s using MS- Excel
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VI
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Design of Experiment, Vital Statistics, Official Statistics and Business Forecasting
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Section A: Design of Experiments and Vital Statistics
Section B: Elective II – A/ B/ C
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Elective II – A/ B/ C
A: Operations Research
B: BioStatistics II
C: Actuarial Statistics II
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Statistical Practical’s using MS- Excel and TORA
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BCom Statistics Subjects
Given below are the major subjects of the core syllabus of various universities and colleges.
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Analysis of Count Data
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Analysis of Variance and Basic Experimental Designs
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Applied Statistics
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Business Communication
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Business Ethics and Corporate Governance
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Business Statistics
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Computer Oriented Statistical Methods
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Continuous Random Variable and Continuous Probability Distributions
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Corporate Law’s and Law Governing Capital Markets
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Customer Relations Management
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Sampling and Sampling Distribution
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Statistical Analysis
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Statistical Inference
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Statistical Methods and Probability Theory
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Various Types of Hypothesis
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BCom Statistics Scope
A career in statistics as a B.Com student opens up numerous opportunities for the job both in India and overseas. Analysts, as well as their investigative abilities, are in high demand in today's job market.
Statistics can be used in a variety of disciplines, including business, industry, agricultural, government, private, software engineering, logic, health sciences, and various controls.
Those who complete the degree can pursue careers in finance, research, programming development, actuarial science, and a variety of other fields.
Some of the positions a B.Com graduate can apply to as a career:
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1. Accountant: Accountants are in charge of a wide range of finance-related responsibilities, the majority of which are related to the preparation of financial records. Major responsibilities include calculating taxes and filing tax returns, organizing and maintaining financial records, and verifying the accuracy of financial accounts
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2. Biometrician: Biometricians are mathematicians who work in the fields of biology and medicine. They advise organizations on health and life science issues using statistics and applied mathematics.
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3. Cashier/Teller: The primary responsibility of a cashier is to help customers with the in-store check-out process.
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4. Data Analyst: Data analysts must have the capacity to pay close attention to detail, communicate effectively, and be well-organized.
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5. Data Interpreter: Interpreters are capable of speaking and understanding multiple languages.
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6. Enumerator: Enumerators conduct door-to-door interviews to obtain census data. They assist the census bureau in gathering data on the population of a given town, state, or country. Enumerators often labor just during census season and in their particular neighborhood.
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7. Research Analyst: A research analyst is in charge of gathering, analyzing, interpreting, and presenting data on markets, operations, finance/accounting, economics, customers, and other topics relevant to their area.
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Admission Process
Some colleges have merit-based admission while other colleges conduct entrance examinations for the students applying to the B.Com Statistics course. Students can fill the form by visiting the official website of any course providing college or register for the entrance exam.
1) Merit Based Admission
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- In the case of merit-based admission, candidates must go to the college's website and fill out an application form with all of the required information.
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- The essential supporting documents must be submitted in the correct format.
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- Candidates must finish their application process by paying the application form fees.
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- Candidates must check the merit list on the college website on a regular basis.
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- Colleges, like Delhi University, create a cut-off list that states the minimum percentage required for admission.
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- If they make it to the merit list, candidates can finish the admission procedure by paying the admission fee.
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2) Entrance Based Examination
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* In the case of entrance-based admission, candidates must go to the website of the agency or university.
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* Candidates must provide the required documents in the correct format and pay the application fees after finishing the registration process.
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* They administer an Entrance Test to assess a candidate's skills and ability to think critically.
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* Following these rounds, selected candidates are notified via email or a merit list is prepared based on their aptitude, talents, and the amount of seats available in that specific college.
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BCom Statistics Job Profiles
Some of the posts that are offered to a BCom in Statistics graduates are:
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Job Profile
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Job Description
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Accountant
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Orders and dissects account data to create asset, liability, and capital account entries. Enters account data to report monetary exchanges. Dissects bookkeeping decisions to prescribe money-related duties.
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Cashier/ Teller
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Receiving deposits and loan payments, cashing checks, issuing savings withdrawals, recording night and mail deposits, selling cashier's checks, traveler's checks, and series e bonds, answering questions in person or over the phone, and referring to other bank services are all part of the account services provided to customers.
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Biostatistician
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Biostatistics combines math, measures, and science to provide answers for addressing basic medical problems and preventing them in the future. Biostatisticians apply factual standards to studies on general health and therapeutics.
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Econometrician
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In their topic of interest, such as work and back, an Econometrician concentrates on factual facts and financial elements. They use a measurable method and numerical model to gather, analyse, and convey data in order to explain financial wonders and anticipate market slants.
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Top Recruiters
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Google
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Amazon
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Snapdeal
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Flipkart
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Adobe
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Reliance Pvt. Ltd.
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HDFC Bank
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Just Dial
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Apollo
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Genpact
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Motorola
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Newgen
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HO
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Dell
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Park Ascent
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ITC Infotech
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Claridges
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HCL
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L & T Infotech
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Godrej
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BCom Statistics Skills Required
B.Com. Statistics Graduate candidates need to be agile and vigilant when it comes to developing their skills in the field. Statistics demands extra attentiveness and understanding. Given below are some of the most important skills required by the candidates:
1. Agile: Applicants should be able to think well, be persistent, and apply principles to new types of issues.
2. Mathematical and Logical Aptitude: They should be able to reason logically and have a mathematical aptitude.
3. Curious: Students must be adaptable as well as interested and disciplined.
4. Technical Capability: It is critical to have a strong computer background because they will be using computers frequently.
5. Communication: Those who want to work in this sector should be able to communicate effectively both verbally and in writing.
6. Patient and Vigilant: They should also have mental inventiveness, patience and perseverance, attention to detail, problem-solving skills, reasoning, and the ability to make independent decisions.
The conclusion of a BCom in statistics is that statistics is a crucial component of decision-making in a data-driven business environment. Statistics helps businesses make informed decisions by analyzing data to identify trends and patterns.