5 Lucrative Careers for Mathematics Graduates

Are you wondering which course is most prominent for a career in the mathematics field?

If yes, then you approached the right place. Studying mathematics is not limited to computation or number work, it is more about developing logical thinking, generalisations, seeking relationships, and reasoning.

Being one of the most powerful assets, a mathematics degree can help you to equip yourself with valuable skills and knowledge. You can place yourself anywhere in the fastest-growing sectors in Indian economies.

The National Education Policy (NEP) 2020 suggested replacing the 10+2 school system with a 5+3+3+4 structure. It will mitigate the issue of rote learning, lack of conceptual clarity, and quantitative growth over qualitative.

In the 21st century, mathematics graduates should possess proficiencies like problem-solving, high-order cognitive skills, and communication skills.

We will learn about five lucrative careers for mathematics graduates in emerging sectors. Also, we recommend you pursue a BSC Hons in Mathematics from Manipal University, Jaipur. It is one of the best universities of Rajasthan, with 34+ industry collaborations, to provide you with real-world exposure to work on the practical ground quickly.

Here are the five well-paid careers for BSC Mathematics in the contemporary world.

1. Actuary

Do you know that there is a limited supply of actuaries in India?

Around 2000 qualified actuaries only work in insurance companies, pension funds, and other government agencies. The average base salary for an Actuary in India is INR 10,13,674 (Source: Payscale).

As a mathematical graduate, you can analyse data to assist businesses in making informed decisions on risk management, pricing, and investments. You will use mathematical and statistical methods to identify the financial risks that can arise shortly.

This career in mathematics has a considerable gap in the demand and supply of professionals, showcasing the students' brighter future. Top universities of India offer BSC Mathematics programs to prepare expert actuaries to fill this gap in the market.

2. Cryptographer

Secure information and communications are now becoming the need for the globalised world. Mathematics graduates are taught to use algorithms and techniques for this task. Heeding the need for professionals in the fastest-growing field of cybersecurity in India, educational institutions are allowing mathematics students to learn about developing encryption methods to protect sensitive data.

Indian cryptographers now take an average base salary of INR 600,000 (Source: Payscale). Technological companies, research institutions, and government agencies are recruiting cryptographers from the market.

BSC Mathematics from one of the top universities of India can help you to perform the role of cryptographer in analysing threats to the financial stability of businesses and risk assessment.

3. Operations Research Analyst

A dynamic business environment is a crucial reason behind all future uncertainties. The role of an operations research analyst is to use mathematical and analytical methods to find resolutions for complex issues and effective decision-making.

The average salary for an operations research analyst in India is INR 6.2 LPA (Source: Glassdoor). Also, you can earn more in this career option with the help of proficient learning during BSC Hons in Mathematics at Manipal University, Jaipur.

In the Indian economy, 30 years of liberalisation they enabled mathematics graduates to enhance their career progression as operations research analysts in different multinational companies.

Mathematics graduates play crucial roles in supply chain management, logistics, and optimisation of business operations under this position.

4. Quantitative Analyst

Business enterprises significantly appoint quantitative analysts to analyse the financial market and formulate investment-related decisions.

In-depth knowledge of mathematical concepts can help you to grow your career in this field. As a quantitative analyst, you will use statistical methods and mathematical models in insurance, finance, and risk management.

You will benefit from the average salary for a quantitative analyst in India, INR 11.78 LPA (Source: Payscale). It is one of the lucrative career options offered to BSC Hons Mathematics graduates by Manipal University, Jaipur.

5. Data Scientist

A data scientist in the Indian economy earns an average annual salary of INR 14.4 LPA (Source: Ambition Box). Mathematics students are choosing this career option significantly in the contemporary world. It is offering them potential career growth and financial flexibility.

Businesses are now giving more importance to decision-making in which data scientists play a crucial role. They analyse large sets of data and extract meaningful information to eliminate all kinds of future uncertainties.

As a data scientist, you can work in diverse fields such as technology, finance, e-commerce, and healthcare. BSC Hons in Mathematics from Manipal University, Jaipur, can help you learn about data scientists' key roles and responsibilities in financial, insurance, and risk management in the business world.

Why Pursue BSC Mathematics from Manipal University, Jaipur?

BSC Hons (Mathematics) at MUJ aims to provide quality education to the students. It is all-inclusive, with qualified and skilled teaching professionals to nurture employability skills among the students.

You should pursue this program at Manipal University, Jaipur, as it will make you capable of attending examinations at the national or international level in this domain.

For this program, MUJ achieved a 5-star rating from GRIHA and LEED in providing quality education to job seekers. Also, this will offer you guest lectures to interact with existing professionals in the industry. It will significantly assist you in addressing doubts or building a valuable network in real-world settings.

Let’s Wrap

Mathematics is now everywhere, like in insurance, finance, and risk management fields of the globalised business environment. Employers are seeking candidates equipped with quantitative skills and conceptual clarity. For a promising career in mathematics, BSC Hons is an apt choice. It includes deep learning in the mathematics and statistical areas. Visit the website to learn more about the Manipal University admission procedure.