A 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.
The typical tuition expense for a B.Com in Statistics in India is roughly INR 5 Lakhs for private colleges; however, it can be as cheap as INR 5,000 for public institutes.
B.Com. (Statistics) degree holders have a plethora of job opportunities since wherever data is involved, analysts are necessary, and nearly every organization requires well-planned and produced data. The average starting salary package of a B.Com Statistics graduate is between INR 2 LPA- INR 10 LPA
3.1 Eligibility
3.2 Admission
3.4 Important Dates
4.1 Subjects
4.2 Books
8.1 Top Recruiters
B.Com Statistics: Quick Facts
- B.Com. Statistics is a 3 years duration full-time undergraduate course.
- Applicants must have passed their 10+2 from a recognized board or university
- They must have studied English along with either of the subjects; accounting, business studies, economics, or mathematics
- The admission can be in both ways; Entrance Based as well as Merit Based
- The entrance test can be both in online as well as offline mode
- Some colleges even organize Group Discussions and Personal Interview rounds.
- The average fees for the course vary from INR 5,000 to INR 5 Lakhs
- The course has a high career prospect in capacities like Accountant, Auditor, Data Analyst, Data Researchers, etc.
- The average starting salary ranges from INR 1.2 LPA to INR 12 LPA
All About B.Com Statistics
- B.Com. 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. The B.Com. 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.
Why study B.Com Statistics?
- After completing a B.Com. (Statistics) degree programme, students can pursue higher education (M.Com., MBA, etc.) or pursue a career in banking, insurance, finance, auditing, or accountancy in both the public and private sectors.
- Those with a B.Com. (Statistics) degrees are most prepared for entry-level positions in banking, insurance, and other financial services.
- The B.Com. (Statistics) degree serves as a foundation for future studies in this discipline, such as M.A., Ph.D., and M.Phil. Degrees in Statistics, which upon completion qualify one for a teaching position at any university or college.
- Those with a B.Com. (Statistics) degree has a lot of work options because statisticians are needed everywhere there is data, and practically every organization needs well-formulated and ordered data.
- A student with a B.Com. (Statistics) degree is eligible to take the Indian Statistical Services, Indian Economic Services, and Indian Civil Services exams.
B.Com Statistics: Admission
B.Com Statistics admission process varies from Institute to Institute. Most of them Universities consider the marks obtained in Class 10+2 exams while others conduct or consider entrance exams for admission.
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.
Admission
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.
Merit Based Admission
- 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.
- The essential supporting documents must be submitted in the correct format.
- Candidates must finish their application process by paying the application form fees.
- Candidates must check the merit list on the college website on a regular basis.
- Colleges, like Delhi University, create a cut-off list that states the minimum percentage required for admission.
- If they make it to the merit list, candidates can finish the admission procedure by paying the admission fee.
Entrance Based Examination
- In the case of entrance-based admission, candidates must go to the website of the agency or university.
- Candidates must provide the required documents in the correct format and pay the application fees after finishing the registration process.
- They administer an Entrance Test to assess a candidate's skills and ability to think critically.
- 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.
B.Com Statistics: Entrance Exams
There are various universities who conduct their entrance examination to admit students to various courses. Some of the entrance exams for B.Com, Statistics are:
- JET: This stands for Jain Entrance Test conducted by Jain University, Bangalore for various undergraduate courses. The candidates must have passed their 10+2 from the commerce stream.
- CUET: This stands for Christ University Entrance Test conducted by Christ University, Bangalore for various undergraduate courses. All the courses are based on the credit system. Students must have passed 10+2 to be eligible to apply for the course.
- BHU Undergraduate Entrance Test: Conducted by Banaras Hindu University, Varanasi for the aspiring candidates of undergraduate course, UET is one the most prestigious entrance exams of the college. The total number of seats are 8000 in approx
- Dayanand Sagar Admission Test: Dayanand Sagar University, Bangalore conducts DSAT every year to shortlist the students for the undergraduate courses.
- LPU National Entrance and Scholarship Test: Lovely Professional University situated in Punjab conducts a common entrance test for seeking admission as well as availing scholarship. The application fee is INR 1000 (for general students).
B.Com Statistics: Entrance Dates
| Exam | Examination Dates |
|---|---|
| Jain Entrance Test | Check JET Exam Dates |
| CUET | Check CUET Exam Dates |
| Dayanand Sagar Admission Test (DSAT) | Check DSAT Exam Dates |
| LPU National Entrance and Scholarship Test | Check LPUNEST Exam Dates |
B.Com Statistics: How to prepare for Entrance Exams
- Time Management: The most important aspect of any preparation is time management. The candidate should be familiar with the syllabus and exam format before beginning preparations. Time should be allocated to each subject, with the most difficult topics being prioritised. This will help you gain confidence in your ability to pass the admission exam.
- Proper Planning: Aspirants should collect previous year's questions and be conversant with the exam format. The candidate must now identify his or her weak sections or topics and determine which areas require additional attention in order to improve his or her scores. The candidate can begin his or her preparations with simple themes before progressing to the more difficult ones.
- Limited Study Material: A wide range of study books are accessible on the market, which students can use according to their comprehension. Aspirants can determine and choose the respective books or follow the source in the ocean of sources, because familiarity is also a concern for the aspirant which they will accept and follow.
- Practice Adequate Mock Tests: The secret to success is persistence. Mock tests are the most effective way to evaluate your performance. The aspirants' preparation would be enhanced and guided by previous year's exam papers. This will assist you in determining your weak and strong areas, as well as the types of questions that will be asked on the tests.
- Revision and taking Balanced Diet: You may have studied the subjects in the past, but recollections fade over time. As a result, the learning process is incomplete without modification. Make a list of formulas, equations, question-solving strategies, and essential topics that will help you pass the exam.
Physical or emotional stress will almost certainly lead to health issues in the end. Distractions must be suffocated, and focus must be nourished. Aspirants might participate in meditation or yoga classes to assist them focus and concentrate on their studies. In the long run, adequate sleep along with a good and nutritious food would benefit the aspirant.
B.Com Statistics: Syllabus
| Semester | Title of Theory Paper | Title of Practical Paper |
|---|---|---|
| I | Descriptive Statistics and Probability | Descriptive Statistics and Probability |
| II | Probability Distribution | Probability Distribution |
| III | Statistical Methods | Statistical Methods |
| IV | Inference | Inference |
| V | Sampling Theory. Time Series, Index Numbers and Demand Analysis |
Section A: Sampling Theory and Time Series Section B: Elective I – A/ B/ C |
|
Elective I – A/ B/ C A: Statistical Quality and Control and Readability B: Biostatistics I C: Actuarial Statistics I |
Statistical Practical’s using MS- Excel | |
| VI | Design of Experiment, Vital Statistics, Official Statistics and Business Forecasting |
Section A: Design of Experiments and Vital Statistics Section B: Elective II – A/ B/ C |
|
Elective II – A/ B/ C A: Operations Research B: BioStatistics II C: Actuarial Statistics II |
Statistical Practical’s using MS- Excel and TORA |
B.Com Statistics: Subjects
Given below are the major subjects of the core syllabus of various universities and colleges.
- Analysis of Count Data
- Analysis of Variance and Basic Experimental Designs
- Applied Statistics
- Business Communication
- Business Ethics and Corporate Governance
- Business Statistics
- Computer Oriented Statistical Methods
- Continuous Random Variable and Continuous Probability Distributions
- Corporate Law’s and Law Governing Capital Markets
- Customer Relations Management
- Sampling and Sampling Distribution
- Statistical Analysis
- Statistical Inference
- Statistical Methods and Probability Theory
- Various Types of Hypothesis
B.Com Statistics: Top Colleges
B.Com Statistics: College Comparison
Jain University, Bangalore Vs Christ University, Bangalore
| Parameter | Jain University | Christ University |
|---|---|---|
| Institute Type | Deemed to be University | Private | Deemed University |
| NAAC Accreditation | “A” | “A” |
| NIRF Ranking 2020 | 85th in Overall Ranking | 20th in Subject Category |
| Eligibility | Candidate must have passed 10+2 from a recognized university/ board in a relevant field | Candidate must have passed 10+2 from a recognized university/ board in a relevant field |
| Mode of Application | Online | Online |
| Mode of Admission through | Jain Entrance Test (JET) | Christ University Entrance Test (CUET) |
| Average Course Fees | INR 1.63 Lakh | INR 3.05 Lakh |
| Placement |
Highest CTC Offered: INR 30 LPA Average CTC Offered: INR 6 LPA |
Highest CTC Offered: INR 13 LPA Average CTC Offered: INR 5.75 LPA |
B.Com Statistics: Top Colleges Abroad
| QS Ranking | College Name | Average Fees ($) |
|---|---|---|
| 31 | Australian National University, Canberra | $ 31.6K/Yr |
| 41 | University of Melbourne, Melbourne | $ 29.2 K/Yr |
| 44 | University of New South Wales, Sydney | $ 30 K/Yr |
| 40 | University of Sydney, Sydney | $ 30.4 K/Yr |
| 46 | University of Queensland, Brisbane | $ 32.5 K/Yr |
| 55 | Monash University, Melbourne | $ 32.7 K/Yr |
| 25 | University of Toronto, Toronto | $ 45.6 K/Yr |
| 45 | The University of British Columbia, Vancouver | $ 40.6 K/Yr |
| 217 | University of Virginia, Charlottesville | $ 52.4 K/Yr |
| 273 | University of Arizona, Tucson | $ 37.1 K/Yr |
| 92 | University of Western Australia, Perth | $ 25.7 K/Yr |
| 196 | University of Wollongong, Wollongong | $ 20.9 K/Yr |
| 275 | Deakin University, Geelong | $ 24.7 K/Yr |
| 197 | University of Newcastle, Newcastle | $ 20.7 K/Yr |
| 423 | Flinders University, Adelaide | $ 25.9 K/Yr |
| 456 | University of Canberra, Canberra | $ 22.3 K/Yr |
| 398 | La Trobe University, Melbourne | $ 22.6 K/Yr |
| 217 | Curtin University, Perth | $ 20.1 K/Yr |
B.Com 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:
- 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
- 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.
- Cashier/Teller: The primary responsibility of a cashier is to help customers with the in-store check-out process.
- Data Analyst: Data analysts must have the capacity to pay close attention to detail, communicate effectively, and be well-organized.
- Data Interpreter: Interpreters are capable of speaking and understanding multiple languages.
- 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.
- 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.
Various Employment Areas Include:
- Agricultural Research & Banks
- Businesses & Commerce Centres
- Consulting Firms
- Data Survey Agencies
- Demographic Studies
B.Com Statistics: Job Profiles
Some of the posts that are offered to a B.Com. Statistics graduates are:
| Job Profile | Job Description | Salary (INR) |
|---|---|---|
| Accountant | 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. | INR 1 LPA- INR 5 LPA |
| Cashier/ Teller | 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. | INR 1 LPA- INR 3 LPA |
| Biostatistician | 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. | INR 10 LPA- INR 12 LPA |
| Econometrician | 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. | INR 13 LPA- INR 18 LPA |
Top Recruiters
| Amazon | |
| Snapdeal | Flipkart |
| Adobe | Reliance Pvt. Ltd. |
| HDFC Bank | Just Dial |
| Apollo | Genpact |
| Motorola | Newgen |
| HO | Dell |
| Park Ascent | ITC Infotech |
| Claridges | HCL |
| L & T Infotech | Godrej |
B.Com Statistics: Skills Required
A 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:
- Agile: Applicants should be able to think well, be persistent, and apply principles to new types of issues.
- Mathematical and Logical Aptitude: They should be able to reason logically and have a mathematical aptitude.
- Curious: Students must be adaptable as well as interested and disciplined.
- Technical Capability: It is critical to have a strong computer background because they will be using computers frequently.
- Communication: Those who want to work in this sector should be able to communicate effectively both verbally and in writing.
- 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.
B.Com Statistics: FAQs
Ques. Is it possible for a social science student to pursue B.Com. in statistics?
Ans. Yes, it is possible for a social science student to pursue bachelor of commerce in statistics provided he/she must have mathematics as one of their subjects along with English. It is not mandatory for a student to come from commerce stream.
Ques. What is the difference between B. Com. Statistics and B. Sc. Statistics?
Ans. Bachelor of Commerce in Statistics is a statistics subject for undergraduates. The science of collecting, organising, analysing, interpreting, and presenting numerical and categorical data is known as statistics. Whereas Mathematical Statistics and computer-based statistical approaches are given more weight in the B.Sc. in Statistics programme.
Ques. Is Ramjas College a better option for statistics?
Ans. Yes, Ramjas College which is a college of University of Delhi is one of the best colleges for pursuing statistics. It is ranked 13th by the National Institute of Ranking Framework, Government of India.
Ques. What is the probability of getting a job right after completing B.Com. in statistics?
Ans. The probability of getting a job after completing this undergraduate course is very high. Students need to work on their skills diligently throughout their course and focus on their academic scores that will help them to bag a better position in their upcoming placements.
Ques. What would be the minimum percentage one must aim for in their 10+2 exams for getting admission to B.Com. Statistics course?
Ans. Candidates must aim for at least 55% of aggregate in their 10+ 2. However there are various colleges that demand for a higher percentage with some relaxations provided to the reserved category
Ques. What are the maximum and minimum average fees for all the private colleges in India offering B.Com. Statistics?
Ans. There are various private colleges in India offering B.Com. Statistics. The maximum average fees for the course are INR 36,000 and the minimum is INR 11,240. The average fees are INR 25,310.
Ques. What are the maximum and minimum average fees for all the public colleges in India offering B.Com. Statistics?
Ans. There are various public colleges in India offering B.Com. Statistics. The maximum average fees for the course are INR 45,000 and the minimum is INR 7,690/-. The average fees are INR 20,760.
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