Career Options for Maths Students in 2020 [Top 10 Courses For Maths Students]

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. 

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.

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. 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. 

Scope in this Field

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.

Salary

Average data scientist salary in India is ₹8,12,528.

Top employers for data scientist jobs:

Source

#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. 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. 

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. 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:

Source

#3: Business Analyst

Among the most lucrative career options for maths, students are business analytics. 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.  

Scope in this Field

The demand for business analytics professionals is continually rising. 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 in Business Analytics. 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:

Source

#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. 

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. 

Salary

Average salary for blockchain developer in India is ₹8,01,938.

Source

#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.

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. 

#6: Actuary

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. 

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:

Source

#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. 

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

Source

#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. 

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

Source

#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. 

#10: Mathematician

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

Source

Check out: Top 5 Career Options in India

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.

Which career did you like the most? Which one are you planning to pursue? Let us know in the comments below. We’d love to hear from you. 

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