Are you curious about the job profiles that are offered at Indian Statistical Institute (ISI)?
If yes, you are on the right place. Here, I will introduce you to some of the potential job profiles offered to an ISI MSQE graduate.
Financial Risk
There are various investment banks and financial institutions which recruit various young minds for the financial risk roles.The CTC offered under this job profile depends on the company; It varies a lot from company to company.
The job profile offered under the financial risk role is the most relevant role for an MSQE student.
Insurance & Actuary
Though this job profile is not directly related to the MSQE curriculum, but it’s a perk of studying in ISI that companies do come in ISI for recruiting students from M.Stats for the field of Insurance & Actuary. So sometimes, they recruit students from MSQE as well. It will be prudent if you clear few actuarial papers to fulfil the eligibility criteria required by some companies in the field of Actuary & Insurance. It’s an undeniable fact that these jobs pay a lot.
Data Science & Analytics
Honestly speaking, there is a lot of buzz about Data Science, ML, AI, etc. Also there is a lot of confusion among youth about real definition of Data science and Machine Learning. Students remain confused that does data science has any relation to Computer science & Software Engineering.
So, as a result of these misconceptions, sometimes, there is expectations mismatch as well.
There are a lot of tech companies who come to Indian Statistical Institute for fulfilling their hiring needs related to Data Scientist and Data Analyst Profiles.
IIT v/s ISI v/s IIM
Many of you might wonder whether the roles offered in ISI MSQE is somewhat similar to the roles offered in Top IIMs and IITs? So in my opinion, the roles offered in ISI MSQE is between what an IITian could get and what an IIM graduate could get. What I am trying to say is that there are few roles which are offered to IITians, ISI MSQE students as well as IIM MBA graduates. But there are very few roles which is common in all the above three categories. Majority of roles offered to MBA graduates are quite irrelevant for MSQE graduates. Companies coming to IIMs mostly have more or less business outlook, sales outlook, marketing outlook and more like a manager outlook in their hiring. But companies coming to recruit ISI MSQE students search students for technical roles from the analytical perspective. But in spite of all these facts, there are many profiles for which an IIM and ISI graduate both can be recruited. It's not all about the curriculum, but the batch strength also matters a lot. Maximum strength of an ISI MSQE batch is approx. 30 but on an average there are around 300 students in each batch of IIM MBA program. So job profiles is also very diverse for IIM students.
In my opinion, out of all these job profiles discussed above, financial risk is the most relevant role for an ISI MSQE student. Apart from these profiles, you can also go for research, PhD, or public sector jobs after doing your masters in quantitative economics from Indian Statistical Institute (ISI).
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