Statistics and mathematics are highly valuable skills in banking because banks use statistical methods like regression, classification, and clustering to address daily challenges such as fraud detection, credit default prediction, and delinquency management; professionals with strong statistical knowledge combined with technical skills in SQL, SAS, Python, and Power BI are in high demand and command competitive salaries in the banking industry.
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Why Statistics Students Get Hired by Global Banks đ°HinzugefĂźgt:
Statistics and mathematics are not literally boring. These are the most booming technology for all the global banks and they hire all the candidate from statistics and mathematics background like this. And the reason is because bank usually deals with fraud, default, delinquency every single day.
And the reason all these people are so much in demand because they understand regression, classifications, clustering, all those technologies so much. All of them involves somewhere mathematics and statistics. So that is the reason every bank relies so much on statistics. And if you have a great knowledge of statistics plus SQL plus SAS plus Python plus Power BI, then you are one of the blooming flower for each and every bank in India. And they are ready to pay you enough salary that you will be happy in your life. If you want a complete road map around this, please comment risk in this video.
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