Mathematics Career Scope: Jobs, Placements, Salary 2023, Top Recruiters

A career in Mathematics is an apt option for those who have logical thinking, problem-solving and decision-making skills. Mathematics is practised in nearly every industry, from Science and Technology to Business, Retail, Healthcare, and so on.

Mathematics students and professionals are in high demand in almost every industry for their critical thinking and problem-solving skills. To make a career in Mathematics, candidates can opt for a variety of courses including BSc Mathematics, MSc Mathematics, PhD Mathematics, Advanced Certificate in Mathematics, etc.

Mathematics offers a wide range of career opportunities in India. The Mathematics career involves various job opportunities for graduates such as Statistician, Actuary, Data Analyst, Quantitative Analyst, Financial Analyst, etc. The average salary of a Statistician is INR 5.9 LPA in India.

Some of the top recruiting sectors for Mathematics students include BFSI, MNCs, IT, Healthcare, Pharmaceuticals, Biotechnology, and so on. Some popular Mathematics colleges offering great placement opportunities include IISc Bangalore, Bharathi College, IIT Kharagpur, IIT Hyderabad, IISER Bhopal, BITS Pilani, etc.

Interested candidates can continue reading the article for more Mathematics career scope details.

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Mathematics Career: Quick Facts

Mathematicians and Statisticians are in high demand across a variety of sectors due to the utilization of Mathematics. For candidates, who are planning to make their career in Mathematics, here are some facts and stats about its allied industries:

• The Indian BFSI sector has emerged as the 2nd largest office space occupier, following the IT and IT-enabled services sectors.

• The Indian fintech market is also booming, expected to grow from $584 billion to $1.5 trillion by 2025, driving more demand for office spaces as the country hosts over 1,900 GCCs that provide comprehensive services.

• The Indian IT industry is likely to hit the $350 billion mark by 2026 and will contribute 10% towards the country's gross domestic product (GDP).

• The bioeconomy of India contributes 2.6% to the country's GDP, as of 2021. India's bioeconomy is poised to reach $300 billion by 2030.

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Top Career Profiles in Mathematics

Mathematics offers a wide range of career opportunities in India. While many Math-related careers require advanced degrees, there are also options for those with bachelor's degrees. Here are some Mathematics careers in India:

Job Profiles	Job Description	Average Salary
Research Scientist	Mathematicians often work as research scientists in various fields, including pure mathematics, applied mathematics, and computer science.	INR 9.1 LPA
Actuary	Actuaries use mathematics, statistics, and financial theory to assess and manage financial risks.	INR 10 LPA
Data Analyst	Data analysts and statisticians use mathematical and statistical techniques to interpret and analyze data.	INR 6.1 LPA
Mathematician	Conduct research in mathematical theories, develop new principles, and apply mathematical techniques to solve real-world problems in academia, research institutions, or industries like aerospace and engineering.	INR 9.3 LPA
Operations Research Analyst	Operations research analysts apply mathematical and analytical methods to solve complex decision-making problems in logistics, supply chain management, and optimization.	INR 6.6 LPA
Quantitative Analyst	Quants work in finance, using mathematical models to analyze and predict financial market trends.	INR 17.8 LPA
Economist	Use mathematical models and statistical techniques to analyze economic data, forecast trends, and provide insights into economic policies, often working in government, consulting, or research institutions.	INR 16.9 LPA
Financial Analyst	Analyze financial data, trends, and investment opportunities using mathematical and statistical techniques to guide investment decisions for individuals or organizations.	INR 6 LPA

Note: The salary data has been sourced from Ambitionbox.com.

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Specialisation-Wise Mathematics Salary in India

Mathematics salaries for professionals in India can vary widely based on factors such as education, experience, specialization, location, and the specific employer. 

However, here's an approximate breakdown of Mathematics salary ranges in India based on different specializations:

Specializations	Entry-Level CTC	Mid-Level CTC	Senior-Level CTC
Pure Mathematics	INR 2.5 - 5 LPA	INR 5 - 10 LPA	INR 10- 20 LPA
Applied Mathematics	INR 3.5 - 6 LPA	INR 5 - 10 LPA	INR 5 - 10 LPA
Statistics	INR 5 - 10 LPA	INR 6 - 12 LPA	INR 15 - 30 LPA
Actuarial Science	INR 5 - 10 LPA	INR 5 - 10 LPA	INR 5 - 10 LPA
Numerical Analysis	INR 3.5 - 6 LPA	INR 5 - 10 LPA	INR 5 - 10 LPA

Note: The salary data has been sourced from external sources and may vary.

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Key Mathematics Employment Areas

Mathematics graduates possess a strong analytical and problem-solving skillset that is highly valued in a variety of industries. Here are key employment industries for Mathematics graduates:

Key Employment Industries
Financial Services	Information Technology
Government and Public Sector	Operations Research
Aerospace and Defense	Telecommunications

Note: The information has been sourced from external sources and may vary.

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Top Mathematics Recruiters

Mathematics graduates are versatile and can find opportunities in many other industries as well, depending on their specific interests and areas of expertise. The strong analytical and problem-solving skills acquired through a Mathematics degree make graduates highly adaptable and valuable in today's data-driven world. Candidates can check top recruiting companies under each industry in the table below.

Financial Services
State Bank of India	ICICI Bank
HDFC Bank	Axis Bank
Information Technology
Tata Consultancy Services	Infosys
Wipro	HCL Technologies
Government and Public Sector
Indian Statistical Services	Indian Administrative Services
Reserve Bank of India	Indian Economic Services
Operations Research
Indian Railways	IndiGo
Flipkart	McKinsey & Company
Aerospace and Defense
Hindustan Aeronautics Limited	Bharat Electronics Limited
Defence Research and Development Organisation	Indian Space Research Organisation
Telecommunications
Bharti Airtel	Reliance Jio
Vodafone Idea	BSNL

Note: The information has been sourced from external sources and may vary.

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Emerging Trends in the Mathematics Field

Banking, Finance, Insurance, Biotechnology, Information Technology, etc., sectors are constantly emerging with technology advancement. Here are some latest trends in the Mathematics and its related field.

• Sustainable Finance: Green banking activities, which range from financing projects that support sustainability to paperless transactions, concentrate on eco-friendly methods. To combat climate change, financial institutions are progressively integrating green practices into their operations.
• Cybersecurity: BFSI firms are putting strong measures in place to address cybersecurity issues, such as encryption, multi-factor authentication, and ongoing monitoring. The creation of robust security frameworks and cooperation with cybersecurity specialists are essential elements of these tactics.
• Artificial Intelligence and Machine Learning: By automating repetitive banking procedures, artificial intelligence (AI) and machine learning (ML) are lowering operating expenses and increasing productivity. AI applications include chatbots, automated customer support, and fraud detection systems.

Best Mathematics Colleges for Placements (in India)

India is home to more than 5,000 Mathematics colleges, of which, around 2127 are private and 1267 are government entities. These colleges, along with providing advanced learning options, offer great placement opportunities to students. Here are some top Mathematics Colleges in India offering the best placements:

Best Mathematics Colleges	Average Package Offered
IISc Bangalore Placements	INR 30 LPA
Bharathi College Placements	INR 30 LPA
Government Arts and Science College, Kovilpatti Placements	INR 26.6 LPA
IIT Kharagpur Placements	INR 12.5 - 24 LPA
IIT Hyderabad Placements	INR 14 - 21 LPA
G.V.M.Girls College Placements	INR 20.6 LPA
Kolhan University - KU Placements	INR 19.8 LPA
IISER Bhopal Placements	INR 19 LPA
BITS Pilani Placements	INR 18 LPA
ISI Kolkata Placements	INR 17.74 LPA

Note: The information is sourced from the official/counselling body of the institute/exam.

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How to Get a Job After Pursuing Mathematics?

Getting a job after pursuing Mathematics in India involves several steps, including education, skill development, and job search strategies. 

Here's a comprehensive guide to help you secure a job in India with a Mathematics background:

• Step 1. Choose Your Educational Path

Decide on your education level: Determine whether you want to pursue a bachelor's degree, master's degree, or a PhD in Mathematics or a related field.

• Step 2. Develop Strong Academic Skills

Maintain a strong academic record by performing well in mathematics and related subjects.

• Step 3. Build Relevant Skills

Develop proficiency in programming languages and statistical and data analysis tools.

• Step 4. Network

Connect with professors, mentors, and alumni who can provide guidance, recommendations, and job leads.

• Step 5. Customize Your Resume

Tailor your resume to highlight your mathematical skills, coursework, research, and practical experience.

Top Indian Cities to Get Lucrative Jobs After Mathematics Degree

After earning the degree, candidates can find lucrative Mathematics job opportunities in various cities, primarily in sectors like IT, Finance, research, and academia. The choice of city often depends on candidates’ career goals, interests, and the specific field of mathematics they want to pursue. 

Here are some Indian cities known for offering lucrative Mathematics job opportunities:

Top Cities	Average Salary (in INR)
Hyderabad	2.1 LPA
Bengaluru	16.8 LPA
Pune	3.6 LPA
Mumbai	8.5 LPA
Delhi/Delhi-NCR	9.3 LPA
Kolkata	16 LPA

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