BS Statistics Complete Guide 2024
The Bachelor of Science in Statistics is a 4 year degree program that is designed to provide a framework for students to develop relationships between statistical convictions and theories and applications to statistical operation.
A bachelor of statistics is an undergraduate degree that concentrates on business applications including forecasting finances, decision-making and fundamentals of probability.
Statistics is a branch of applied mathematics that requires the collection, description, analysis and inference of conclusions from significant data. The mathematical theories behind statistics rely on distinctive and integral calculus, linear algebra and probability theory.
Majors Or specializations Of BS Statistics
There are following major subjects of BS statistics:
- Basic Mathematics
- Computing
- Probability And Statistics
- Calculus
- Algebra
- Probability and Statistical Methods
- Applied Statistics
- Real Analysis
- Survey Sampling
- Numerical Analysis
- Statistical Inference
Specializations of BS Statistics is:
- BS Statistics Specialization in Bio-Statistics
- BS Statistics Specialization in Applied Statistics
- BS Statistics Specialization in Operations Research
- BS statistics Specialization in Quality Management
- Statistics and measurement
- Statistical inference
- Econometric
- Quantitative methods of the financial markets
- Statistics in life science
- Computational finance
Duration And Credit Hours Of BS Statistics
It is a 4 year degree program which consists of a total of 8 semesters. Semester wise credit hours distribution is as:
Semester-wise Credit Hours
| Semester | Credit Hours |
|---|---|
| 1st Semester | 17 |
| 2nd Semester | 17 |
| 3rd Semester | 18 |
| 4th Semester | 15 |
| 5th Semester | 16 |
| 6th Semester | 17 |
| 7th Semester | 17 |
| 8th Semester | 17 |
| 9th Semester | 16 |
To the award of BS statistics degree, a student must complete a total of 130 to 138 credit hours with a minimum CGPA of 2.50 out of 4.0.
Scope And Career Of BS Statistics
The scope of BS Statistics is increasing with the growth of data-driven industries in Pakistan. There are various job opportunities for BS Statistics graduates in public agencies, research institutes, universities and private sectors such as:
- Actuarial analyst
- Actuary
- Civil Service fast streamer
- Data analyst
- Data scientist
- Financial risk analyst
- Investment analyst
- Market researcher
- Operational researcher
- Statistician
- Business analyst
- Chartered accountant
- Economist
- Financial manager
- Financial trader
- Insurance underwriter
- Machine learning engineer
- Paleontology
- Research scientist (maths)
- Financial (risk) analyst
- investment analyst
- financial trader
- financial manager
- quantitative analyst
- Software engineer
- Data scientist
- Cost estimator
- Software engineer
- Business intelligence analyst
- Operational researcher or quality control analyst
- Market or survey researcher
- Economist or econometrician
- (Freelance) consultant
There are some typical employers include:
- Financial and banking companies
- Insurance and accountancy firms
- IT companies
- Logistics and transport companies
- Private health companies
- Market research organization
- Not-for-profit organization and think tanks
- Pharmaceutical industries
- Marketing/advertising department of a large corporation
- Market research firm
- Transportation and Logistics
- Consulting Firms
- Marketing and Consumer Research
- Hospitals and Medical Research Organizations
- Financial Services and Accounting
- Universities and other educational institutes
- Accounting firms
- Businesses (small and large)
- Government agencies (local, state, and federal)
- Pharmaceutical companies
- Advertising agency
Graduates of statistics program also have progressive job opportunities in professional organizations and industries such as:
- Bureau of Statistics
- Banking sector
- Financial institutions
- Manufacturing sector
- Research and development
- Quality assurance and quality control and health care sector.
Skills And Learning Outcomes Of BS Statistics
There are following skills which are required in a statistics program:
- Communication skills
- Presentation skills
- Information management skills
- Organization and planning skills
- Teamwork
- Time management
- Planning data collection methods for projects.
- Processing large amounts of data for statistical modeling and graphic analysis.
- Assessing analytical methods and policies for applicability, efficiency, validity and accuracy.
Learning outcomes of BS Statistics
- Students will be able to design, implement and assess a computer-based system, process and program to meet desired requirements.
- They will also be able to communicate effectively with the audiences.
- They will also be trained in the use of statistical software tools and techniques of data collection and identification so that they can compete in the market.
- They will also develop a solid foundation for the effective operational and tactical decisions based on statistical methodology in almost every program.
- To require the students in a research project so that they can be trained in the field of research.
- Improve business-related decision-making skills by inspecting and mining data from different aspects.
Syllabus And Courses Of BS Sociology
Core Courses
| Course | Credit Hours |
|---|---|
| Introduction to Computing | 3 |
| English Comprehension & Composition | 3 |
| Fundamentals of Computer Programming | 4 |
| Report Writing Skills | 3 |
| Calculus and Analytical Geometry | 3 |
| Communication Skills | 3 |
| Pakistan Studies | 3 |
| Islamic Studies | 3 |
| Introduction to Statistics | 3 |
| Multivariate Calculus | 3 |
| Linear Algebra | 3 |
| Statistical Inference | 3 |
| Regression Analysis I | 3 |
| Introduction to Probability theory | 3 |
| Sampling and sampling distributions | 3 |
| Statistical Quality Control | 3 |
| Regression Analysis II | 3 |
| Categorical Data Analysis | 3 |
| Official Statistics | 3 |
| Design and Analysis of Experiment I | 3 |
| Probability and Probability Distribution | 3 |
| Computing Statistics II | 3 |
| Survey Sampling | 3 |
| Research Methodology and Project Writing | 3 |
| Computing Statistics I | 3 |
| Time Series Analysis | 3 |
| Internship | 3 |
| Multivariate Analysis | 3 |
| Bayesian Statistics | 3 |
| Non-Parametric Statistics | 3 |
| Design and Analysis of Experiment II | 3 |
Elective Courses
| Course | Credit Hours |
|---|---|
| Operations Management | 3 |
| Industrial Statistics | 3 |
| Data Mining Techniques | 3 |
| Health Care Management | 3 |
| Risk Management | 3 |
| Introduction to Statistical Genetics | 3 |
| Introduction to Spatial Statistics | 3 |
| Advance Sampling Techniques | 3 |
| Actuarial Statistics | 3 |
| Data Communication and Networking | 3 |
| Quality Management Systems and Awards | 3 |
| Lean Manufacturing | 3 |
| Analysis of Repeated Measurements | 3 |
| Introduction to Survival Analysis | 3 |
| Quantitative Methods for Decision Making | 3 |
| Supplier Quality Management | 3 |
| Strategic Decision Making | 3 |
| Introduction to Longitudinal Data Analysis | 3 |
| Sustainable Environmental Management | 3 |
| Special Topics in Bio-Statistics | 3 |
| Introduction to Causal Inference | 3 |
| Introduction to Operations Strategies | 3 |
| Introduction to Supply Chain Management | 3 |
| Introduction to Inventory Management | 3 |
| Tourism Management | 3 |
| Operations Research | 3 |
| Quality Management | 3 |
| Introduction to Stochastic Analysis | 3 |
| Simulation Modeling | 3 |
Related Courses Of BS Statistics
There are some related courses of BS statistics:
- BS Applied Statistics
- BS Accounting
- BS Mathematics
- BS Data Mining
- BS Applied Mathematics
Further Courses After BS Statistics
There are further courses which the students can join after completing the BS statistics degree program.
- Masters in Applied Statistics
- Masters in Medical Statistics
- Masters in Statistics and Data Mining
- Master of Science in Statistics
- Masters in Actuarial Science
- Masters in Epidemiology
- Masters in Accounting or Taxes
- Masters in Bioinformatics
- Masters in Business Administration
- Chartered Financial Analyst – CFA
- Master of Science in Library and Information Science
- Master of Science in Quantitative Economics
Fee Structure Of BS Statistics
Fee structure of some public and private universities for BS statistics is as:
University of Central Punjab Fee Structure
| Fee per Course | 16,000 |
| Admission Fee | 25,000 |
| Total Fee | 681,000 |
| 1st Semester Fee | 113,000 |
Minhaj University Fee Structure
| Total Package | 419,700 |
| At Admission Time | 28,500 |
| Additional Charges at the time of Admission | 2,700 * |
| Examination Fee | 3,500 |
| Total Amount (At Admission) | 31,200 |
| Installment (16 installments) | 22,750 |
Other Universities Fee Structure
| University | Fee per Semester |
|---|---|
| Government College University, Faisalabad | 51,000 |
| University Of Gujrat | 72,000 |
| International Islamic University, Islamabad | 78,000 |
| University Of Karachi | 29,000 |
| Federal Urdu University Of Arts Science & Technology Islamabad | 43,000 |
| University Of Sindh | 24,000 |
| The Islamia University Of Bahawalpur | 44,500 |
| University Of Science and Technology | 34,000 |
| Bacha Khan University | 44,000 |
| University Of Okara | 54,500 |
| The University Of Agriculture, Peshawar | 76,000 |
| Shaheed Benazir Bhutto University, Nawab Shah | 23,000 |
| Bahauddin Zakariya University, Multan | 41,000 |
| Abdul Wali Khan University, Mardan | 77,000 |
| The Women University, Multan | 47,400 |