Mathematics is a subject that has vast uses and applications in most career fields ranging from technology to medicine. Some find this subject very easy and some get worried whenever they hear the name of this subject.
Candidates who specialize in and love mathematics and associated subjects like statistics often have strong job prospects. If you have a keen interest in this subject, you may get benefit from knowing more about the career paths you can choose with a formal academic background in mathematics.
In this article, we will discuss the top 7 career options in mathematics. If you are a skilled mathematician, you can pursue many high-paying jobs across the world in many domains. Some popular career fields for mathematics majors include banking, teaching, business, research, analytics, insurance and consulting.
7 Top Career Options for Mathematics Students in 2023
1. Data Scientist
If you want to use your maths skills in the tech sector then you can step into the data science field because the need for data scientists is growing day by day. Data scientists collect structured and unstructured data in large volumes. They analyse, and process the data using analytical tools and convert the data into models for interpretation. So that companies make use of such interpretations to create plans and formulate short-term and long-term policies. Pursue masters in data analytics after your B.Sc. degree in maths. Data scientists can work in fields like politics, healthcare, management, insurance and finance. A data scientist gets an average salary of 8 to 12 lakhs per annum in India.
As actuaries, you have to analyse financial risk and solve the risk-related problems to manage and advise clients so that they can take the right decision. Actuaries can get jobs in the field of healthcare, insurance, banking, and finance. After your B.Sc. degree in maths, you have to appear in Actuarial Commons Entrance Test (ACET). A person who works in the position of actuary gets 9 lakhs per an um and if your experience is strong then this number can rise up to 20 lakhs per annum.
3. Maths Teacher
A mathematics teacher can work in schools, colleges and universities based on their qualifications and proficiency in this subject. If you want to work as a mathematics teacher in school then you may require an additional B.Ed. (Bachelor of Education) degree after B.Sc. and M.Sc. degree in this very subject and also experience in teaching mathematics for a specific curriculum or syllabus. And if you want to be a lecturer you may need a minimum of 55% marks in B.Sc. as well as in M.Sc. Many colleges and universities can offer you this post just after your M.Sc. degree. However, if you want to work as a lecturer in top universities like IIM, and IIT, then you need to clear UGC NET. You can also do PhD or M.Phil. to become a “professor”. You can also become an online tutor of this subject or partner with online academies and guide aspirants for specialised courses.
Another great career option for maths students is a banker. Because a career in the banking sector provides a handsome salary, security and unique work challenges. You can be a Bank Probationary Officer, Marketing Officer, Financial Analyst, or Account Manager in this very sector. And for these posts, you may require a B.Sc. degree in maths and need to clear the bank’s entrance exam and there are options like SBI, IBPS, and RBI organisations that take those entrance exams. The salary is high in this sector. A bank PO’s average salary is 7-12 lakhs per annum and the salary of a financial analyst is 5 lakhs per annum.
Statistics is all about collecting data with the help of charts and graphs. This is one of the most popular career options among maths students. And the best thing is that the demand for a statistician is evergreen. Many public and private sector company requires a statistician to collect and compare data. There are many domains like the healthcare sector, bank, media, bank, government agriculture, insurance etc. where a statistician can find a job. You need to complete your B.Sc. degree in mathematics. Then you can complete your M.Sc. in statistics. And after that, you can be a statistician. A statistician can be paid up to 4-5 lakhs per annum.
Cryptography needs a creative mathematical brain. So, this is also a suitable career option for maths students. A cryptographer encrypts and decrypts data in different ways for keeping the data safe and able to transmit highly secured data in an organization. It is the cryptographer who creates the internet safely to do online shopping with a debit card and send private mail. You need to have a B.Sc. degree in maths to become a cryptographer and then you can do a certificate course to enhance your skill. Their salary package can be 6 lakhs per annum.
7. Computer and IT
You can create your career as a computer Science engineer. A career after B.Sc. maths gives you a vast pathway in the computing field. ICT (information and communication technology)is playing a big role in this platform. ICT always offer new roles for mathematics students. Such as the development of ICT, Regular maintenance, manufacturing and design part, general part, etc. The salary package of a computer Science engineer is 4- 5 lakhs per annum.