Are you in love with the science of numbers and want a career in this field? How many of you wonder which are all the best career options for maths students? Then, look no further, because, in this article, we’ll discuss the best career options for maths students. You might be surprised to see the numerous careers we’ve mentioned here, addressing all your doubts and questions such as “After 12 maths what to do?”
Mathematics related courses have always been prioritised by candidates as it opens the door to countless opportunities. Whether it is tech based or science of the human lives, mathematics tends to be the basic fuel for education. Probably why its popularity leads many students to pursue it even after not completely knowing what they wish to do after class 12th. There are several career options available to students seeking maths related courses after 12th, but not all students are aware of the different routes they can take to establish a successful career. Let’s discuss the available career options for maths students that you might consider for a stable job opportunity in the future.
There are several career options available to students, but not all students are aware of the different routes they can take to establish a successful career. Let’s discuss the available career options for maths students that you might consider for a stable job opportunity in the future.
As mentioned earlier, there are various career options for maths students after 12th, and you can build your career in maths after 12th. All you have to know is the right direction. Initially, you can also get into professional courses in mathematics or do any maths related courses alongside your studies to gain a better understanding of your future career options and learn more about maths related courses after 12th. Below is a list of some great courses for maths students that you can opt and receive and answer to the most anticipated question you keep asking yourself, “After 12 maths what to do?”–
Learners receive an average Salary hike of 58% with the highest being up to 400%.
Below is a list of some great courses for maths students that you can opt –
Career Options For Maths Students
#1: Data Scientist
Data Science is among the fastest-growing sectors in India and one of the exceptional choices after 12th maths career options. From academic research to studying consumer behaviour, data science finds application in many areas due to which it’s among the best career options for maths students. Data Science is the most popular course available for students & one of the best courses for maths students.
The amount of data we’re generating every day is humongous, and it’s the job of data scientists to study and analyse this data to find patterns. If you’re looking for a career in the tech sector where you can use your maths skills, you should choose data science. After 12th maths career options must be reliable and lucrative enough to justify all your hard word put in the 12th exams, and data science promises to extend the same!
Scope in this Field
The scope of data science as a career is very bright with expansive opportunities awaiting talented students with diverse roles and career options after 12th maths. According to a report by IBM, the demand for data scientists will increase by 28% by 2020. That’s not all; the job openings for data science professionals can rise from 3,64,000 to 27,20,000. The scope of data science as a career is very bright.
Data science is one of the best courses for maths students as data scientists work with data and derive valuable insights from the same. For example, a data scientist might analyse the customer data of a company to understand the buying patterns of the same. Companies and institutions use their findings to improve their operations.
How to Enter this Field
You can get a PG Diploma in Data Science from upGrad and IIIT-B to get the required skills and become a data scientist. On the other hand, you can get a Master’s in Data Science and work on projects to do the same. You can also research and read about other maths-related courses after 12th.
Salary
Average data scientist salary in India is ₹8,12,528.
Top employers for data scientist jobs:
Pros and Cons of Choosing Data Science:
| Pros | Cons |
| The course is high in demand and holds a great career prospective. | Data Science itself has a very blurry definition, therefore, the skills required often depend on the field of application. |
| There is an abundance of these positions as not many people have the skills to justify the role. | No one can ever completely master the subject as it is so vast. It encompasses elements of statistics, economics, and maths as well, which makes it difficult to understand all. |
| The jobs are high paying as there is a scarcity of good data scientists. | As the skill set required is dependent on the working domain, the data scientists have to cumulate domain knowledge as well. |
| The data science field is versatile and has various applications. The applications are only expected to grow as we move towards a more tech-inclusive world. | Data scientists often have to deal with arbitrary data which makes it difficult for them to perform correct predictions and may result in unexpected outcomes. |
| Being a data scientist is deemed a prestigious job. | As data scientists help various companies to make data-driven decisions, they also might get entangled in various cases of data and privacy breaches of common people. |
#2: Machine Learning Expert
If you want to enter the tech industry and work on the latest technologies, then perhaps you should pursue a career in machine learning. Machine learning is the study of computer algorithms which improve themselves through multiple iterations. It is a great career options for maths students after 12th. Currently, machine learning and artificial intelligence are solving many problems, and find uses in retail, social media, logistics, healthcare, security, and many other industries.
It’s one of the most exciting career options for maths students as you can work for many esteemed tech companies and work on solutions of the future. Career options after 12th maths tend to be mostly related to traditional job roles such as engineering or developer, but, with the growth and development of AI and ML, opting for a career as a machine learning expert is bound to offer you a fresh insight into the world of tech.
Scope in this Field
According to Indeed, machine learning engineer was the best job in 2019, and it’s still one of the most in-demand roles among companies. The average salary of a machine learning engineer is INR 6.9 lakh per annum, and with sufficient experience, it can go up to INR 20 lakh per year.
Machine learning is one of the best courses for maths students as a machine learning expert, you’ll be creating and using algorithms to solve critical problems. There is a massive shortage of AI experts in the market too as over 4000 AI-related jobs remained vacant last year.
How to Enter this Field
You can start your career as a machine learning and AI expert by getting a Bachelor’s in Mathematics or Statistics along with a Diploma in Machine Learning and AI. For maths courses after 12th, it is the best choice. You’ll have to learn about various concepts of this subject such as Natural Language Processing, Computer Vision, along with programming and the related tools. Doing a course will help you in getting the required education to become a machine learning expert.
Salary
Average machine learning engineer salary in India is ₹6,91,892.
Top employers for machine learning engineer jobs:
Pros and cons of Machine Learning:
| Pros | Cons |
| The technology helps easily identify trends and patterns from a large volume of data | As the technology is still under the development phase, it holds a high chance of containing the error. |
| Machine Learning keeps improving which eventually increases efficiency and accuracy. | If the computing power is limited, it can be significantly difficult to process large volumes of data |
| Machine learning helps decrease a significant amount of strenuous tasks for humans. | The automation nature of ML is both a pro and con. So far, there are human gatekeepers, but once it becomes fully automated it can unleash unexpected results. |
#3: Business Analyst
Among the most lucrative career options for maths, students are business analytics. It also falls under maths related courses and can be a great career in maths after 12th. Business analytics is the field of studying past business practices of an organisation to advance it further and create better plans.
Business analysis is one of the best career options for maths students as a business analyst has to work with a lot of data and use it to gain the necessary insights to find solutions to existing problems facing one’s organisation due to which they have to apply multiple concepts of mathematics and statistics. Candidates aiming to become a part of tech as well as business fields can opt for one of the significantly growing courses for maths students after 12th, which is business analytics. The role of a business analyst is turning out to be imperative as more and more people as acknowledging its significance and influence on taking well-informed decisions.
Scope in this Field
The demand for business analytics professionals is continually rising, making it an excellent choice among courses for maths students after 12th. There were 97,000 job openings for analytics-related roles in India, making it the second-highest market for such professionals next to only the US. Experts believe this number can go up to 2 lakh in 2020.
The scope of analytics roles are bright in India, and as companies look for better methods to create plans and find insights, the demand for business analysts will increase accordingly.
How to Enter this Field
Business analytics is one of the best courses for maths students as you can pursue a career in business analytics by getting an MBA from Liverpool Business School. The modern business analyst using latest technologies such as machine learning and AI to derive valuable insights from past data.
Salary
Average business analyst salary in India is ₹6,07,209.
Top employers for business analyst jobs:
Pros and Cons of Business Analytics
| Pros | Cons |
| It is a great skill for analyzing the progress of one’s missions. | Business analysts often do not have the opportunity to be in alignment with the other parts of a business and stay isolated. |
| Significantly helps in increasing efficiency. | Some businesses avoid hiring business analysts for fear of not getting immediate ROI. |
| Always keeps you updated as trends are very unstable. | If sufficient data is not available, then solutions proposed by the analyst might fail and they’ll be the ones blamed for providing unsuccessful plans. |
#4: Blockchain Developer
Blockchain is a relatively new sector that has generated a lot of buzz because of its numerous capabilities. From cryptocurrencies to logistics, blockchain is finding uses in multiple industries and is a technology of the future.
It’s also a great career choice for maths students. You can become a blockchain developer and help companies in leveraging this technology for creating better solutions.
Scope in this Field
The demand for blockchain developers in India is snowballing as companies are discovering the capabilities of this technology. The salaries of blockchain developers are 50 to 100% higher than the salaries of traditional development roles. Apart from that, it is also among the most in-demand skill sets. The vacancies for blockchain professionals are growing by 2000% to 6000%.
You can expect to earn a handsome salary while working on disruptive solutions by pursuing a career in blockchain which makes blockchain is one of the best courses for maths students. Therefore, it is indeed one of the greatest professional courses in mathematics.
How to Enter this Field
To become a blockchain developer, you should first have a Bachelor’s in Mathematics, Science, or Engineering. Then, you must get a Certification in blockchain to learn the advanced concepts and skills of this field. Some of the skills you’ll have to learn to become a blockchain developer are Smart Contracts, Hyperledger, and Ethereum. These mathematics-related courses are the future of the blockchain industry.
Salary
Average salary for blockchain developer in India is ₹8,01,938.
Pros and Cons of being a Blockchain developer
| Pros | Cons |
| It is one of the fastest growing fields in the labor market, and there is not much competition yet. | It can be difficult to understand as it is a newly emerging field. |
| As a blockchain developer, there can be multiple job paths. | At one point it can get out of control of a single entity and can get violated with a forced upgrade. |
| Blockchain developers have the opportunity to work on innovative projects using the latest technology. | Adding new features can become difficult often time as there are not many prior examples to follow. |
#5: Banker
Another prominent career choice among students of mathematics is banking. A career in banking offers lucrative pay, security, and unique challenges. Banking professionals have to deal with a lot of numbers, and having a background in mathematics will surely help you in this sector. Banking is one of the preferred career options for maths students. Therefore, one may take maths related courses after 12th to progress in this career field.
Scope in this Field
Banking is among the most popular fields due to the various career options, benefits, and challenges it offers to candidates. Currently, India has 27 public sector banks and 93 commercial banks, all of which focus on providing the best services to their customers.
Some of the roles you can get in the banking sector are:
- Bank Probationary Officer
- Marketing Officer
- Financial Analyst
- Account Manager
How to Enter this Field
To get a job in public sector banks, you’ll have to qualify in their entrance exams. The Institute of Banking Personnel Selection (IBPS), the State Bank of India (SBI), and the Reserve Bank of India (RBI) organise their respective exams for recruitment.
You’ll need a bachelor’s degree to sit in these exams. You can get an MBA in Banking as well to find lucrative roles in major banks and finance companies. Private banks and finance companies look for candidates with latest skills such as blockchain, artificial intelligence, and financial management, so getting an MBA in Banking will surely be helpful.
You can also check out our free courses offered by upGrad in Management, Data Science, Machine Learning, Digital Marketing, and Technology. All of these courses have top-notch learning resources, weekly live lectures, industry assignments, and a certificate of course completion – all free of cost!
Pros and Cons of being a Banker
| Pros | Cons |
| Simple and stable job with not much hassle of touring and travelling. | High work pressure compared to the salary. |
| Stable life and stable career growth | Frequent location transfers can be a problem for some. |
| Subsidised home and auto loans along with education loans for children. | The banking sectors are soon becoming private hence the most desired aspect of job security is also not sure. |
#6: Actuary
One of the most popular Mathematics related courses, Actuarial sciences focus on risks of all kinds, and one of the most significant branches of mathematics is probability. As an actuary, you’ll have to analyse and solve risk-related problems for companies and organisations so they can make sound decisions and mitigate their risks substantially. If you’re searching for a science maths jobs list, this is your cue.
Scope in this Field
As an actuary, you can expect to earn around INR 9.7 lakh per year. The highest salary in this field goes up to 40 lakh per year, so it’s a lucrative field. Actuaries find roles in numerous industries such as healthcare, insurance, banking, and finance.
How to Enter this FIeld
You will need to get a Bachelor’s in Mathematics, Commerce, or Statistics. Then, you’ll have to pass the Actuarial Common Entrance Test (ACET) and complete the 15 Actuarial Science stages.
Salary
Average actuary salary in India is ₹9,72,899.
How actuary salary increases over experience:
Pros and Cons of being an Actuary
| Pros | Cons |
| There is a diverse set of responsibilities that makes one’s career path interesting. | The educational requirements are very high and the candidates often have to have knowledge of a variety of disciplines. |
| There are multiple ways of career advancement and becoming specialists. | Have to pass a series of exams before becoming fully qualified for the field, which can often become a lengthy process. |
| Proven track record and projecting high job growth. | Often have to work alone in a standard office setting. |
#7: Economist
If the discussion of India’s economy sparks an interest in you, then you can pursue a career in economics. Economists study the distribution of resources in society. They research and analyse the economic trends of the country and the world. They also explore the relationship between these trends and make forecasts for future trends. Dr Manmohan Singh, Raghuram Rajan, and Amartya Sen are some of the most esteemed economists of our country.
Pursuing maths related courses after 12th and going for a career as an economist ensures the candidate knows its numbers right and extends decisions based on data and precise numbers. It is a very reputable position which influences the economic trend of an entire nation. Candidates hoping to opt for a significant career dedicated to contribute to the society cand definitely go for a career as an economist with math courses after 12th.
Scope in this Field
The average salary of an economist in India is INR 7.9 lakh per year. Economists generally work with research institutes and organisations. You’ll have to use your knowledge of mathematics extensively in this field. Economists help multiple sectors such as agriculture, finance, and even politics.
How to Enter this Field
You can become an economist by getting a Bachelor’s in Economics with a Master’s in the same.
Salary
Average economist salary in India is ₹7,93,357.
how economist salary in India increases over experience
Pros and Cons of being an Economist
| Pros | Cons |
| There is a diversity in job roles and requirements that an economist can fulfil. | Work-life balance might not be there as working hours are often crossed. |
| The job is interesting and keeps one updated regarding the ongoing market trends. | Burnout can be a common symptom. |
| Ample promotional opportunities and remote working are also available in many companies. | Staying up to date all the time can often become stressful. |
#8: Statistician
Statistics is the study of collection, organisation, and analysis of data through graphs and charts. It is among the most popular career options for maths students. Statisticians collect data and use it to get valuable insights. Hence one of the most suitable professional courses in mathematics.
Scope in this Field
The demand for statisticians is evergreen because various industries require their services to make crucial decisions. Business, crime, population statistics, ecology, and healthcare are few of the many industries which require the services of statisticians.
How to Enter this Field
You can become a statistician by completing a Bachelor’s in Mathematics or Statistics along with a Master’s in Statistics.
Salary
Average statistician salary in India is ₹5,08,647.
How statistician salary increases over experience
Pros and Cons of being a statistician
| Pros | Cons |
| Great opportunity to strengthen statistical skills to bag high-paying jobs at MNCs. | The job is very isolated; lack of social life. |
| The job is often considered not hectic if one is inclined towards statistics. | The educational qualification has to be high to get jobs with a good salary. |
| Can work both individually and under a company. | The job is mentally demanding and the lack of social interaction might make it feel miserable. |
#9: Psychometrician
Have you heard of personality types? For example, when someone says they are an introvert, how do they find that out? In most cases, they find this out by giving a personality test, which analyses their traits through a set of questionnaires. Psychometrician is one of the popular career options for maths students.
This is the job of a psychometrician. For those who are interested in people, human behaviour, and maths, psychometrician is the perfect role. Psychometric tests have medical applications too as they help in understanding whether a person has a specific personality disorder or not.
Scope in this Field
As a psychometrician, you’ll be working in universities and research centres and creating tests (or analysing them). You’ll have to design tests to find accurate personality tests of your candidates and use them to get your findings. The salary of psychometricians in India is around INR 5 lakh per year.
How to Enter this Field
You can become a psychometrician by getting a Bachelor’s in Psychology along with a Master’s in Statistics or Psychology. If you’re looking for a science maths jobs list, you can consider this as an option.
#10: Mathematician
Mathematician might not be the most popular but it comes under the most reputable and honourable career options in maths courses after 12th. If you’re in love with mathematics and want to focus on its study further, you can pursue higher education in mathematics and become a researcher. Mathematics is deeply rooted in our daily lives, from the TV sets to smartphones; they all rely on the power of maths to some extent.
Mathematicians study mathematics and use their extensive knowledge of this subject to solve complex mathematical problems. The work of mathematicians has impacted our lives significantly to unimaginable levels. It can be an exciting career option for a maths student who wants to study the theories and applications of mathematics on an advanced degree.
Scope in this Field
Mathematicians are experts of maths and its branches. They study and use its theories to solve various advanced problems present in this subject. There are theoretical mathematicians and applied mathematicians. The former focuses on the abstract methods and principles of maths while addressing the issues related to them, whereas the latter uses the concepts of maths to solve real-life problems.
As a mathematician, you can expect to earn an average salary of INR 9 lakh per year in India.
There’s always a demand for mathematicians in the industry too.
How to Enter this Field
You’ll have to get a Bachelor’s in Mathematics, and then a Master’s in Mathematics to pursue a career in this field. Some of the best colleges for this field are:
- ISI, Kolkata
- Institute of Mathematical Sciences, Chennai
- Tata Institute of Fundamental Research, Mumbai
Salary
Average mathematician salary in India is ₹9 lakhs.
How mathematician salary increases over experience
Check out: Top 5 Career Options in India
Pros and Cons of being a Mathematician
| Pros | Cons |
| Can fit into a wide variety of in-demand job roles. | Being a good mathematician is a long and challenging process, which the majority fails to follow. |
| Maths is essential for developing technology and also helps build critical thinking ability, which is highly valued in many jobs. | Candidates often work individually. |
| Mathematicians often get high-paying jobs due to their lack of talent. | It takes extensive knowledge and skills to make a mark in this field. |
Conclusion
That’s it. We hope you found our list of career options for maths students quite helpful. From data science to economics, maths offers careers in numerous industries. The above is a list of some great career options for maths students.
For all young minds, you need to check the amount of time, the difficulty level, and the price of the course, before deciding which course to opt after your graduation.
Q1. What is meant by applied mathematics?
Applied mathematics is all about the application of math to problems that arise in diverse areas like science and engineering and how new methods can be developed to meet new challenges and problems. Applied mathematics involves solving real-world problems with the double objective of explaining practical phenomena and forecasting new ones that have not yet been observed to have happened. Problems or phenomena can arise from different fields and applications, such as biological and physical sciences, social sciences, and engineering. And their solutions need knowledge of different math branches like differential equations, analysis, stochastic, using numerical methods, etc.
Q2. Can you study engineering if you are weak in mathematics?
Many of us have this idea that if you are weak in mathematics, you cannot study engineering. In fact, not being sharp with numbers is a significant fear factor that deters many students from pursuing engineering. However, that is not the right idea or approach. Studying engineering is not so much about being a mathematics expert but about being keen to understand how things function and interact. Engineering requires you to work with numbers, but that is not the sole subject or concept you need to dwell on. It might seem that you cannot get over with these mathematics classes. But those days will be limited, and you can crack them too.
Q3. What is financial mathematics?
Financial mathematics is that branch that deals with applying mathematical techniques to problems related to finance. It is achieved from statistics, probability, stochastic processes, and economic theory. The methods of financial mathematics are generally adopted by investment banking institutions, hedge funds, commercial banks, corporate treasuries, regulatory agencies and insurance companies to solve problems involving portfolio structuring, derivative securities valuation, scenario simulation and risk management. Financial mathematics is also referred to as financial engineering, quantitative finance, computational finance and mathematical finance. As a sub-branch of economics, financial mathematics is often used for the valuation of financial instruments and assets.
What is meant by applied mathematics?
Applied mathematics is all about the application of math to problems that arise in diverse areas like science and engineering and how new methods can be developed to meet new challenges and problems. Applied mathematics involves solving real-world problems with the double objective of explaining practical phenomena and forecasting new ones that have not yet been observed to have happened. Problems or phenomena can arise from different fields and applications, such as biological and physical sciences, social sciences, and engineering. And their solutions need knowledge of different math branches like differential equations, analysis, stochastic, using numerical methods, etc.
Can you study engineering if you are weak in mathematics?
Many of us have this idea that if you are weak in mathematics, you cannot study engineering. In fact, not being sharp with numbers is a significant fear factor that deters many students from pursuing engineering. However, that is not the right idea or approach. Studying engineering is not so much about being a mathematics expert but about being keen to understand how things function and interact. Engineering requires you to work with numbers, but that is not the sole subject or concept you need to dwell on. It might seem that you cannot get over with these mathematics classes. But those days will be limited, and you can crack them too.
What is financial mathematics?
Financial mathematics is that branch that deals with applying mathematical techniques to problems related to finance. It is achieved from statistics, probability, stochastic processes, and economic theory. The methods of financial mathematics are generally adopted by investment banking institutions, hedge funds, commercial banks, corporate treasuries, regulatory agencies and insurance companies to solve problems involving portfolio structuring, derivative securities valuation, scenario simulation and risk management. Financial mathematics is also referred to as financial engineering, quantitative finance, computational finance and mathematical finance. As a sub-branch of economics, financial mathematics is often used for the valuation of financial instruments and assets.
