Sector
BFSI
Keyword

Statistical Specialist

Minimum ? B.Sc./M.Sc. in Statistics

Will be updated

The tasks a Statistician is expected to perform include:

Developing and applying most effective methods for collecting, tabulating and interpreting quantitative data in any one of the wide variety of fields

Determining character and volume of information necessary for solution of any statistical problem

Obtaining or devising methods for collecting necessary information

Proficiency in reducing or determining most effective techniques for reduction of data, according to nature of available information and type of problem under study

Adept at interpreting and presenting data in form of charts, graphs, diagrams and written summaries

Knowledge of various statistical tools and techniques

Knowledge of writing reports, analyzing and evaluating conclusions on the basis of variable conditions affecting interpretation or validity

Specialization in any particular branch of statistics such as financial or industrial statistics, or in statistical analysis in specific scientific field such as physics, chemistry or biology

Strong analytical skills

Ability to work independently or in teams

Strong business and collaboration skills

Excellent communication, presentation, and interpersonal skills

Customer focus

It is a desk job

Need not handle a team

Local travelling maybe a part of this job role

Part-time work and contractual jobs are available in some cities

Work from home option is not available

Working hours
Working hours are 10/12 hours everyday for 5/6 days a week. This may vary from company to company

Shift system maybe available

Is the job suitable for a candidate with special needs?
This job is suitable for candidates with One Arm (OA), One Leg (OL), Both Leg (BL), Low Vision (LV) and those who have Hearing Impaired (HH

This job is not considered to be hazardous or dangerous

Occupational hazards include strain on eyes, cervical and lumbar spondylosis, carpal tunnel syndrome, mental stress, etc.

For freshers - INR 35,000 to INR 40,000 per month

(These figures are indicative and subject to change)

Overview of Banking, Financial Services and Insurance Industry in India

The BFSI industry is one of the fastest growing sectors in the country. Public Sector Banks (PSB) and Non-Banking Financial Companies (NBFC) have been the leading employers in the Indian banking sector, accounting for more than 73 per cent employees. PSBs are much ahead of Private Sector Banks in expanding overseas presence, accounting for over 90% of 171 overseas branches as of FY13.

Banking credit is expected to grow at a CAGR of 17 percent during 2012-13 to 2016-17. The banking and NBFCs are expected to generate around 1.5 million new jobs between 2013?14 and 2016?17 on account of business expansion, retirement primarily in PSBs and entry of new banks in the private sector.

The sector currently employs over 2.55 million employees and is slated to employ more than 4.2 million employees by 2022. This implies additional creation of 1.6 million jobs in the nine-year period. Keeping in mind the current employment, and the expected growth in the Banking and NBFC, we project that the total employment in the particular segment would increase from about 1.89 million in 2013 to 3.2 million jobs in 2022, which translates to an incremental human resource requirement of about 1.3 million jobs. All these factors mean that there will huge opportunities for Statistician and other professioanls in this sector.

Banking companies across India

Financial companies across India

Insurance companies across India

Towns and cities across India