Universities and Online Degrees Guide

North West University

Bachelor of Commerce in Statistics

The Bachelor of Commerce in Statistics in Mathematics is offered by North West University.

Program Length: 3 YEARS.

Bachelor of Commerce in Statistics offered by the North West University at the Faculty of Economic and Management Sciences

Statistics is the branch of mathematics that deals with the collection, organisation, analysis and interpretation of numerical data. In general, the discipline is concerned with:

• the collection of information
• summarising information for ease of understanding
• drawing conclusions from the data, and
• estimating the present or predicting/forecasting the future

Operations research, on the one hand, is the discipline that is concerned with the application of analytical methods to help decision-makers with the optimal allocation of scarce resources. It is concerned with using different models in maximising profit using minimal resources. Operational research may also be defined as the use of advanced analytical techniques to improve decision-making. Operations research analysts are involved in all aspects of an organisation. They help to allocate resources, develop production schedules, manage the supply chain and set prices.

Career Options

Statisticians have the advantage of combining their interest with almost any other field of study, especially in science, business, medicine technology, education, etc. Some of these fields are as follows:

• Education
• Biology 
• Economics
• Manufacturing                                            
• Marketing
• Engineering                    
• Finance
• Health science
• Public health                                
• Computer science
• Epidemiology
• Law                     
• Population studies
• Chemistry
• Agriculture
• Insurance                               
• Sports
• Banking institutions                                           
• Earth sciences
• Geography
• Government departments                              
• Insurance companies

People with skills in OR hold jobs in decision support, business analytics, marketing analysis and logistics planning. Many large firms have groups of OR analysts. These are located in the steel, mining, oil, gas, chemicals, paper and engineering industries, airlines, logistics, railways, banking and insurance. Within the public sector, OR analysts are also employed in health, education and electricity supply.

Duration of the programme: 3 years full-time

Campus where programme is offered

• Mahikeng [M]