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B.Sc Economics, Statistics

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B.Sc Economics, Statistics

An in-depth look out of the study of Statistics will prove its importance in every aspect of a career be it sports, medicine, marketing, economics, or any other field, Statistics has an application almost everywhere. · With the rise in Data Science and Analytics, studying Statistics has made more sense at an early phase of education.
Economics and Statistics graduates can offer a range of skills highly sought after by employers.
In terms of career opportunities and jobs, it would be safe to say that a Bachelor of Science in Statistics and Economics is way more flexible and it allows one to explore more options and more jobs. Statistics with Economics combination is an excellent course for students taking up CAT exam, career in management.

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Eligibility Criteria

  • Students opting for Statistics as one of the core subjects in BSc (Economics, Statistics) should have studied Mathematics/ Business Mathematics/ Basic mathematics/ General Mathematics/ Applied Mathematics in their class 12 exams and scored at least 60% marks in the same.
  • Students opting for Statistics as one of the core subjects in BSc (Economics, Statistics) who have studied Statistics (With no Mathematics Paper) in their class 12 exams and scored at least 75% marks in the same.

Program Outcomes

The Course provides, PO1: The foundation and motivation for exposure to statistical ideas. The students will acquire the ability to understand and apply theoretical knowledge to solve a wide range of problems. PO2: The students with the versatility to work effectively in a broad range of analytic, scientific, government, financial, health, technical and other positions. PO3: The skill to apply appropriate statistical methods and computing tools to carry out data analysis. PO4: Provide specific knowledge of relevant mathematical, statistical and econometric methods and the ability to employ specific econometric model. PO5: Equip students with skills to comprehend, analyse and evaluate economic situations by applying theoretical and practical knowledge. PO6: Inculcate economic reasoning skills and the ability to act rationally with an informed awareness of socio-economic issues.

Program Matrix

Semester Course Title Lecture Hours Credits
I DSC-A1 – Descriptive Statistics and Probability 4 4+2
DSCB1 – Microeconomics I 3 3
DSC-B2 – Macroeconomics I 3 3
OE1 3 3
L1 3 3
L2 3 3
SKILL BASED – SEC-1 2 2
Value-based Course 2 2
25
II DSC-A2 – Probability Distributions – I 4 4+2
DSC-B3 – Intermediate Microeconomics 3 3
DSC-B4 – Macroeconomics II 3 3
OE2 3 3
L1 3 3
L2 3 3
AECC – Environmental Studies 2 2
Value-based Course 2 2
25
III DSC-A3 – Probability Distributions – II 4 4+2
DSC-B5 – Factor Market & Welfare Economics 3 3
DSC-B6 – Public Economics 3 3
OE3 3 3
L1 3 3
L2 3 3
Skill Based – SEC2 2 2
Value-based Course 2 2
25
IV DSC-A4 – Statistical Inference – I 4 4+2
DSC-B7 – Financial Markets 3 3
DSC-B8 – Financial Economics 3 3
L1 4 3
L2 4 3
AEC2 – India & Indian Constitution 2 2
Skill Based – SEC 3 2 2
Value-based Course 2 2
24
V DSC-A5 – Statistical Inference – II 3 3+2
DSC-A6 – Sampling Theory 3 3+2
DSC-B9 – International Economics 4 4
DSC-B10 – Econometrics I 4 4
Skill Based – SEC 4 2 2
Value-based Course 2 2
22
VI DSC-A7 – Operations Research & Regression Analysis 3 3+2
DSC-A8 – ANOVA & DOE 3 3+2
DSC-B11 – Development Economics 4 4
DSC-B12 – Econometrics II 4 4
Skill Based – SEC 5 2 2
Value-based Course 2 2
22

Reference

  • Course Descriptions •DSC A – Discipline Specific Course – Statistics •DSC B – Discipline Specific Course – Economics •DSE – Discipline Specific Elective •OE – Open Elective •SEC – Skill Enhancement Course •AEC – Ability Enhancement Compulsory Course •L1 – English •L2 – Kannada/Hindi/Sanskrit/French/German
  • Student must opt for one of the discipline as major in the fourth year.
  • Only those students who secure 75% marks or CGPA of 7.5 and above in the first six semesters may choose to undertake research in the 4th year. Honours students not undertaking research have to do 3 to 4 Additional Courses/Entrepreneurship Courses and Internship/Apprenticeship for 12 credits.
  • Students who complete the four year program with Research will be awarded B.Sc. (Honours with Research) in Statistics with Economics as minor / in Economics with Statistics as minor & students not undertaking research will be awarded B.Sc. (Honours) Statistics with Economics as minor / in Economics with Statistics as minor.
  • Statistician
  • Data Scientist
  • Data analyst
  • Financial analyst
  • Analysts
  • Actuary Manager
  • Risk Analysts
  • Banking and Insurance
  • Teaching & Research

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Placement Policy & Guidelines for Students

The Placement Policy is applicable to all students registered with the Placement Cell of Mount Carmel College, Autonomous, and is to be followed during their entire tenure at the college.

  1. The Placement Officer & the Placement Coordinator are the facilitators and counsellors for placement related activities and will be responsible for all concerned activities & functioning of the Placement Cell.
  2. The Student Placement Committee will be assisting the Placement Officer & the Placement Coordinator in all activities related to placements.
  3. Neither the College nor the Placement Cell guarantees a job. The Placement Cell will facilitate and coordinate the placement activities on campus including bringing in companies, coordinating the recruitment drives, organizing recruitment training and other related activities leading to the successful placements of the deserving students.
  4. Applying for a company, getting recruited, joining a company is entirely the responsibility/decision of the student concerned.
  5. Opting to register for placements is completely the choice of the students. As some would want to pursue higher studies or other opportunities, such students can refrain from registering with the Placement Cell.
  6. Students are required to check the ELIGIBILITY CRITERIA for registering with the Placement Cell before registering.
  7. All final year students with an aggregate score of 60% and above and with NO ACTIVE BACKLOGS are eligible to register for placements.
  8. All registered students are required to MANDATORILY attend the recruitment training conducted by the Placement Cell and meet the necessary threshold of 75% attendance and 80% completion of the practice tests & assessments to qualify for applying to the cos. Failing to qualify may result in re-training of the student at an additional cost which is to be borne at actuals by the concerned student.
  9. The Placement Cell will notify all the registered students about the upcoming recruitment drives through mails and Whatsapp group notifications and not individually. The students are to be alert and keep a track of the notifications and apply as per their interest and eligibility.
  10. Once a student registers/enrolls for a particular company, she is expected to complete the entire recruitment process as relevant and required. Failing to do so, will result in the student being debarred from sitting for further recruitment drives. Exceptions will be made at the sole discretion of the Placement Cell only in genuine cases. Such cases/reasons to be formally communicated to the Placement Office over mail at least one day prior to the drive.
  11. The student has a choice not to participate in the recruitment process of a company after attending the Pre-Placement Talk. If she decides to continue, then she will be bound by the College Placement Policy to attend the rest of the recruitment process of the company as stated above.
  12. Students will not be allowed to participate in the selection process of a company for which she has missed the PPT.
  13. While the Placement Cell will do its due diligence and bring in the right companies, it is the responsibility of every student to check the company profile, eligibility, Job Profile and the Job Role before applying. The same will also be mailed and/or updated on the Notice Boards or social media groups.
    a. Ex 1- If a company requires the applicant to have an average of 70%, be well assured that you meet the criteria before applying to that company.
    b. Ex 2- If the company requires you to have NO standing arrears/backlogs at the time of attending the placement process, kindly DO NOT APPLY to the company if you do not meet this criterion.
  14. If, after being selected by a company, for some reason the student is not satisfied either with the pay, the timings, work allotted, etc during onboarding, she will need to take it up with the concerned within the company. The Placement Cell will not be able to intervene in internal matters. However, it is important that the students reach out to us in case there are major deviations from the terms mentioned by the company at the time of recruitment.
  15. A student can apply to as many companies as she wants and appear for interviews until the first job is secured. A student will be considered to have secured a job if her name appears in the final select list of a company.
  16. The Placement Office of MCC follows a strict “ONE OFFER PER STUDENT” Policy. However, if a student has been offered a job with a CTC less than or equal to INR 2 lakhs PA, she can opt to apply for ONE more company, subject to prior formal approval by the Placement Office.
  17. Once a student’s name appears in the final selects of a company, it is obligatory for the student to accept the offer. Rejecting offers is strictly not allowed. Defaulters will be required to submit a letter to the Principal along with a penalty fee which could be equivalent to one month’s salary being offered by the said company.
  18. Recruitment Process: All companies generally follow the following procedure (however they could be exceptions) –
    a. Presentation about the company & Job Profile (Pre-Placement Talk)
    b. Written Exam (Aptitude / Technical Test)
    c. Group Discussion and/or Task (Assignments)
    d. Interview (Technical/HR/Others)
    e. Verification of Documents
    f. Offer Letter
  19. Students are to strictly ensure the following for all recruitment drives:
    a. Must report on time as mentioned in the schedules
    b. Wear Business Formals for every recruitment process. Students wearing casuals during recruitment process will be sent back
    c. Always carry one folder containing resumes (2-3 copies), passport size photos, copies of mark sheets, certificates & stationery
    d. Compulsorily carry College & Govt. ID Cards
  20. Most companies require applicants to have Govt. ID – Aadhar & PAN. Hence it is advised for all students to apply for these before registering for placements.
    Students are not allowed to contact the Company / HR team directly for any reason through the recruitment process. In case of any issues or concerns, they are advised to contact their Placement Office and discuss their problems.
  21. Strict action will be taken against students found to be engaged in maligning the College or the Placement Office with the companies. Any grievances you may have, are to be brought to the notice of the of the Placement Officer for resolution.
  22. If a student makes any false claims in the Resume/Student Registration Form, her registration will be cancelled immediately and job offer if any, will be revoked.
  23. All companies conduct a thorough background check/verification. If the company finds that you have manipulated your marks / documents in any manner/or mis-represented any information, your job offer will be terminated, and your name will be blacklisted.
  24. Strict discipline needs to be followed by every student during the recruitment process. Any sort of indecent behavior/misbehavior which affects the decorum of the Placement Cell or the reputation of the College or the Company, will attract severe penalty and disqualification.
  25. Unless explicitly permitted by the companies, use of mobile phones is strictly prohibited during the recruitment process.
  26. Malpractice in all forms or marking proxies during the selection process and beyond, is strictly prohibited and those caught indulging in such activities would be debarred from the placement process. Also, note that no concessions in any form shall be made in such cases.
  27. It may happen that the campus recruitment process can stretch till late evenings. Students are required and prepared to be available accordingly. In case of off-line drives, students are to inform their parents and should arrange their own transportation.
  28. In case of virtual (online) recruitment drives, it is the responsibility of the students to ensure they have the necessary equipment (laptop/PC with functional webcam and mic) and sufficient internet bandwidth for seamless conduction of the process.
  29. Students are required to provide correct email IDs and contact numbers at the time of registration. These will be used for all communication from the Placement Cell and the recruiting companies. The onus is on the students to ensure the contact details provided are correct and up to date.
  30. Students are advised to check their mails regularly as all communication related to placements will be sent through mails.
  31. It is mandatory that once you receive an Intent Letter/Offer Letter from the Company, a copy must be submitted to the Placement Office. Failing which, the end semester examination Hall Ticket/results will be withheld.
  32. All students registered for placements will be bounded by the Attendance Policy of the College. Any exception to the above is permitted only through formal approval of the Placement Office and the respective Department Heads.

WE EXPECT OUR STUDENTS TO BE PROFESSIONAL AND UPHOLD THE VALUES OF THE COLLEGE AT ALL TIMES.

For all matters not covered in the above policy, the Placement Office will use its discretion to take appropriate decisions as and when required.

The above guidelines are to ensure a smooth process in the best interest of our students and the participating companies.

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