Top 13 Career Options for Maths Students

If you give it a thought, you will realise that every aspect of life has a mathematical link that helps evaluate the pros and cons to make a well-informed decision. Sometimes, it gets challenging to understand every concept of mathematics and apply it to the different business or professional aspects. However, if you like mathematics - numbers and logic, you will probably have a better understanding of concepts and certainly have a great place in the industry with many career opportunities. 

There are different types of mathematics courses that you can pursue after your 12th Grade. In addition, you can choose related courses, such as the BCA program, that have increased job opportunities in the IT industry today. 

While there is the option of BCA for arts students without mathematics, which also has different and demanding career opportunities, choosing a course with mathematics can make the career more fulfilling for maths enthusiasts. 

Some of the best career options for math lovers are. 

Mathematics Professor 

Becoming a mathematics professor is a rewarding career choice and one of the most popular career options in India for those passionate about mathematics and teaching. It involves conducting research, publishing scholarly articles in mathematics journals, and teaching undergraduate and graduate-level mathematics courses. However, for those who are dedicated and persistent, the rewards of shaping the minds of future mathematicians and contributing to the field of mathematics can be truly fulfilling. 

Qualifications and Skills required - Master's Degree. A PhD in mathematics with a strong focus on research is an advantage.

Average salary - ₹6.26 lakhs

Data Scientist 

A Data Scientist uses mathematical, statistical and computational techniques to extract insights and knowledge from unorganised and unstructured data. They work in various industries, such as finance, healthcare, technology, retail, and manufacturing. They may also work in research and development, helping organisations to make data-driven decisions. 

Qualifications and Skills required - Bachelor's degree in a related field such as statistics, mathematics, computer science, or engineering, such as a BCA course and some experience in data analysis or machine learning. 

Average salary - ₹8.51 lakhs

[Also read: Salary of BCA graduate]

Statistician 

A statistician is a professional who uses mathematical and statistical methods to collect, analyse, and interpret data. They work in various fields, including business, healthcare, government, and education. They may also work in research and development, helping to design experiments and analyse results. With the growing need for data-driven decision-making, the demand for statisticians is rising, making it an exciting and in-demand career path.

Qualifications and Skills required - Bachelor's Degree. A Master's Degree or earning a PhD will make it even easier.

Average salary - ₹4.16 lakhs

Business/ Data Analyst 

A Business or Data analyst uses mathematical and statistical techniques to analyse data and make recommendations to improve business operations. They work in various industries, such as finance, healthcare, retail, and manufacturing, to identify trends in customer behaviour, productivity levels, sales patterns, etc. They may also work in consulting, helping multiple organisations improve their performance. 

Qualifications and Skills required - A Bachelor's Degree and an MBA in Business Analytics. 

Average salary - ₹4.4 lakhs

Financial Planner 

A financial planner helps individuals and organisations create plans to meet their financial goals to work better. They guide investments, insurance, taxes, retirement, and estate planning. They also help clients manage their money and make informed financial decisions. 

Qualifications and Skills required - Bachelor's degree and certification such as CFP(Certified Financial Planner) or CFA(Chartered Financial Analyst). 

Average salary - ₹2.93 lakhs

Market Research Analyst 

A Market Research Analyst analyses and interprets data to inform business decisions. They use qualitative and quantitative research methodologies to understand consumer behaviour and market trends. It is an interesting option for a career in the maths stream. 

Qualifications and Skills required - Bachelor's degree in a related field such as statistics, mathematics, or economics, and some experience in market research or data analysis. 

Average salary - ₹2.22 lakhs

Economist 

An Economist studies goods and services production, distribution, and consumption. They use economic theory and data analysis to understand and predict economic trends and inform policy decisions. They work in various fields, such as government, academia, research, and finance. 

Qualifications and Skills required - Bachelor's or master's degree in economics and some experience in research or data analysis. 

Average salary - ₹9.48 lakhs

Actuaries 

Actuaries use mathematical and statistical methods to assess risk and design insurance policies. They work in the insurance and finance industries, analysing data to determine the likelihood of future events and their potential financial impact. 

Qualifications and Skills required - Strong background in mathematics and statistics and a degree in actuarial science or a related field. Pass the actuarial exams and become a member of the Institute of Actuaries of India (IAI) to practise as an actuary. 

Average salary - ₹7.96 lakhs

Operations Research Analyst 

Operations Research Analysts use mathematical and statistical models to analyse and optimise complex systems and processes. They work in various fields, such as transportation, logistics, manufacturing, healthcare, and finance. 

Qualifications and Skills required - A Bachelor's or Master's degree in mathematics, operations research, industrial engineering or a related field, and some experience in data analysis. 

Average salary - ₹5.07 lakhs

Mathematician  

Mathematicians use their analytical and problem-solving skills to conduct research and develop solutions in various fields, including finance, engineering, physics, and computer science. They also work in academia, teaching and mentoring future mathematicians. 

Qualifications and Skills required - Master's Degree. A PhD in mathematics will be required for research and academic positions.

Average salary - ₹9.76 lakhs

Budget Analyst 

Budget analysts in India are responsible for analysing an organisation's financial information and creating financial reports and budgets. They use mathematical and statistical techniques to forecast future financial performance and identify areas where the business organisation can cut costs and increase revenue. 

Qualifications and Skills required - A bachelor's degree in finance, accounting, economics, or mathematics is typically required. However, many employers prefer candidates with a master's degree or professional certification.

Average salary - ₹13.74 lakhs

Investment Banker 

An Investment Banker helps companies and governments raise funds by issuing and selling financial securities. They also advise clients on mergers and acquisitions and provide financial services such as risk management and asset management. Investment bankers use mathematical modelling to evaluate financial risks and opportunities for clients and use their knowledge of financial markets and securities to make recommendations.  

Qualifications and Skills required - Bachelor's degree in courses such as mathematics, commerce, business, or a related field. An MBA or CFA (Chartered Financial Analyst) certification will be preferred. 

Average salary - ₹4.8 lakhs

Cryptographer 

A Cryptographer uses mathematical algorithms and techniques to design secure communication systems and protect sensitive information. They are experts in encryption, decryption, and data security. They ensure the confidentiality and integrity of information in various industries such as finance, healthcare, and government. 

Qualifications and Skills required - An undergraduate degree in mathematics, computer science, electrical engineering, or any other related subjects is a prerequisite for these jobs. Further, an advanced degree in information security or networking engineering is an added advantage.

Average salary - ₹6 lakhs

Conclusion

Mathematics is a versatile and in-demand field in India that opens up many career opportunities such as Statistician, Business Analyst, Market Research Analyst, Data Scientist, Actuaries and many more. Further, interested students can access industry-aligned training modules and advanced certifications by registering with colleges powered by Sunstone. It is an education service provider that offers placement assistance and upskilling programs.