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

Updated on Oct 25, 2023 11:43 IST
Akansha Bisht

Akansha BishtContent Writer

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. The Mathematics career involves various job opportunities for graduates such as Statistician, Actuary, Data Analyst, Quantitative Analyst, Financial Analyst, etc.

The Mathematics salary offered at entry-level positions ranges between INR 2.5 - 5 LPA, for mid-level profiles INR 5 - 10 LPA and for senior-level profiles INR 12 - 25 LPA. After pursuing a Mathematics course, candidates can either start their Mathematics career or continue for further education such as MSc Mathematics, MCA, MBA, MSc Statistics, etc. 

The popular colleges that offer Mathematics courses are Banaras Hindu University, Jamia Millia Islamia, Delhi University, Jadavpur University, etc. The key employment industries where Mathematics graduates can start their careers include financial services, Information Technology, Data Science and Analytics, Market Research, etc. The top recruiters that offer employment to Mathematics graduates include Chennai Mathematical Institute, Institute of Mathematical Sciences, Tata Institute of Fundamental Research, Indian Statistical Institute, etc.

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Top Mathematics Careers

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

Description

Average Salary (in INR)

Research Scientist

Mathematicians often work as research scientists in various fields, including pure mathematics, applied mathematics, and computer science. 

9.8 LPA

Actuary

Actuaries use mathematics, statistics, and financial theory to assess and manage financial risks.

6.3 LPA

Data Analyst

Data analysts and statisticians use mathematical and statistical techniques to interpret and analyze data. 

5.4 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.

4 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.

6.5 LPA

Quantitative Analyst

Quants work in finance, using mathematical models to analyze and predict financial market trends. 

17.2 LPA

Cryptographer

Cryptographers use mathematical techniques to secure data and communication. 

23 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.

13 LPA

Financial Analyst

Analyze financial data, trends, and investment opportunities using mathematical and statistical techniques to guide investment decisions for individuals or organizations.

5.7 LPA

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

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Specialisation-Wise Mathematics Salary in India

Mathematics salary 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:

Specialisations

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

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Top Mathematics Recruiters

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

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

Top Mathematics Colleges: Jobs and Salary

India is home to several prestigious colleges and universities known for their Mathematics courses. These institutions often have strong placements, with students securing positions in academia, research, and various industries. 

Here are some of the top Mathematics colleges in India known for their placement opportunities:

College Name

Average Package (in INR)

Dravidian University

1.44 - 51.36 LPA

Dibrugarh Hanumanbax Surajmall Kanoi College

38.2 LPA

Bharathi College

30 LPA

Government Arts and Science College

26.6 LPA

IIT Roorkee 

12 - 22.54 LPA

IIT Mandi

8 - 21 LPA

IIT Hyderabad 

17 - 20 LPA

Kolhan University

19.8 LPA

IIT Kanpur 

16.86 - 19.2 LPA

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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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Mathematics Jobs in the Government and Private Sector

Mathematics graduates in India can find job opportunities in both the government and private sectors. The choice between these sectors often depends on personal preferences, career goals, and the specific field of Mathematics you want to work in. 

Given below are some common job roles for Mathematics graduates in both sectors.

Mathematics Jobs in the Government Sector

Mathematics graduates in India can find a wide range of job opportunities in the government sector. Here are some common Mathematics job roles in the government sector in India:

Job Profiles

Description

Average Salary (in INR)

Statistician

Statisticians in the ISS are responsible for collecting, analyzing, and interpreting data to inform government policies and programs.

4.4 LPA

Economist

Economists work in various government departments, such as the Ministry of Finance, now NITI Aayog, and Central Electricity Authority. 

11.5 LPA

Research Scientist

Research scientists at DRDO engage in mathematical modelling, data analysis, and research related to defence technology, missile systems, and aerospace projects.

20.6 LPA

Data Analyst 

Data analysts at RBI use mathematical and statistical techniques to analyze economic and financial data. 

7.2 LPA

Scientist/Engineer

Mathematicians and scientists at ISRO work on space research, satellite technology, and mission planning. 

6.4 LPA

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Mathematics Jobs in the Private Sector

Mathematics graduates in India can explore a wide range of job profiles in the private sector, where their analytical and problem-solving skills are highly valued. 

Here are some common Mathematics job profiles in the private sector in India:

Job Profiles

Description

Average Salary (in INR)

Data Analyst

Data analysts are responsible for collecting, processing, and analyzing data to extract meaningful insights. 

6.5 LPA

Data Scientist

Data scientists use mathematical and statistical techniques to develop predictive models, machine-learning algorithms, and data-driven solutions.

12.2 LPA

Quantitative Analyst 

Quants use mathematical models to develop trading strategies, risk management techniques, and financial instruments in the finance industry, particularly in investment banks and hedge funds.

17.2 LPA

Actuary

Actuaries use mathematical and statistical models to assess risk and uncertainty. 

6.3 LPA

Software Developer

Mathematicians with programming skills are often employed as software developers in IT companies. 

21.7 LPA

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Mathematics Salary Abroad

The Mathematics salary for individuals can vary significantly depending on factors such as the level of education, experience, location, industry, and specific job roles. 

Here is a general overview of potential Mathematics salaries abroad, with the understanding that there can be substantial variations:

Country

Salary Offered

Canada

  • Entry-Level: CAD 50,000 - CAD 70,000 per year
  • Mid-Level: CAD 70,000 - CAD 90,000 per year
  • Senior-Level: CAD 90,000 - CAD 120,000 per year

Germany

  • Entry-Level: €40,000 - €60,000 per year
  • Mid-Level: €60,000 - €80,000 per year
  • Senior-Level: €80,000 - €120,000 per year

Australia

  • Entry-Level: AUD 60,000 - AUD 80,000 per year
  • Mid-Level: AUD 80,000 - AUD 100,000 per year
  • Senior-Level: AUD 100,000 - AUD 140,000 per year

United States

  • Entry-Level: $55,000 - $75,000 per year
  • Mid-Level: $175,000 - $100,000 per year
  • Senior-Level: $100,000 to $150,000 per year

United Kingdom

  • Entry-Level: £25,000 - £35,000 per year
  • Mid-Level: £35,000 - £45,000 per year
  • Senior-Level: £45,000 - £60,000 per year

Note: The above salary data has been obtained from external sites

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Mathematics careers FAQs

Q. Is a Mathematician a good career?

A. A career as a Mathematician in India can be rewarding, but it also comes with certain considerations. 

Here are some factors to consider when evaluating whether a career as a mathematician is a good choice in India:

  • Interest and Passion: To excel in a Mathematics career, candidates should have a genuine interest and passion for the subject. 
  • Research Opportunities: India has several prestigious institutions and universities with strong mathematics departments.
  • Job Market: The job market for mathematicians in India can be competitive, especially in academia and research. 
  • Industry Opportunities: Mathematics graduates can find opportunities in various industries, including IT, finance, data science, and research and development. 
  • Compensation: Mathematics salary in India can vary widely, depending on the industry, level of experience, and geographic location. 

Q. What is the highest-paying job in Mathematics?

A. The highest-paying job in Mathematics in India can vary depending on several factors, including candidates’ level of education, experience, specialization, and the industry they work in. 

Here are some Mathematics job roles in India that are known for offering high salaries:

Job Profiles

Average Salary (in INR)

Data Scientist/Machine Learning Engineer

12.2 LPA

Actuary

6.3 LPA

Quantitative Analyst

17.2 LPA

Financial Analyst

5.8 LPA

Research Scientist in government sector

20.6 LPA

Q. Which course is best after 12 Maths?

A. After completing Class 12 in Mathematics subject in India, candidates have several course options to choose from, depending on their interests and career goals. 

Here are some of the best courses candidates can pursue:

Course

Duration

Average Fees (in INR)

BSc Mathematics

3 years

INR 11,000 - INR 5 Lakh

BTech

4 years

INR 5 - 9 Lakh

MSc

2 years

INR 6,000 - INR 1,10,000

BCA

3 years

INR 70,000 - 2 Lakh

BSc Computer Science

3 years

INR 3 Lakh - INR 7 Lakh

BSc Statistics

3 years

Upto INR 57,780

BBA

3 years

INR 50,000 - INR 6 Lakh and above

BSc Economics

3 years

Upto ₹5.25 Lakh

BSc Physics

3 years

Upto INR 61,380

BBA in Finance

3 years

INR 70,000 - 5 Lakh

Q. Which govt job is best after BSc Maths?

A. After completing a BSc Mathematics in India, there are several government job opportunities available in various sectors. However, the best government job for candidates depends on their interests, career goals, and the specific field they want to work in. 

Here are some government job options that are well-suited for BSc Mathematics graduates.

Job Profiles

Description

Average Salary (in INR)

Statistician

Statisticians collect, analyze, and interpret data to inform government policies and programs.

4.4 LPA

Data Analyst

Data analysts work with large datasets to extract insights and make data-driven decisions. 

7.2 LPA

Economist

Economists analyze economic data, conduct research, and provide recommendations for economic policies and financial planning.

13 LPA

Banking and Finance

Mathematics graduates can pursue careers in public sector banks through competitive exams like the Probationary Officer (PO) exam. 

6 LPA

Civil Services

While not exclusive to mathematics graduates, the IAS and other civil service exams provide opportunities to work in various administrative roles within the government.

12 LPA

Q. What is the monthly income of a Mathematician?

A. The salary of a mathematician in India can vary based on factors such as education, experience, employer, and location. 

Here's an approximate breakdown of the salary of mathematicians in India by level of experience:

  • Entry-Level: INR 3.5 - INR 6 LPA
  • Mid-Level: INR 6 - 10 LPA
  • Senior-Level: INR 10 - 20 LPA

Q. What is the salary of MSc Mathematics?

A. The MSc Mathematics salary of individuals in India can vary based on factors such as the specific job, employer, location, and experience. 

Here's an approximate breakdown of the MSc Mathematics salary in India by level of experience:

  • Entry-Level: INR 3 - INR 5 LPA
  • Mid-Level: INR 5 - 8 LPA
  • Senior-Level: INR 8 - 15 LPA

Q. Which is better - Mathematics or Physics?

A. Mathematics focuses on developing formal systems, theorems, proofs, and axioms. It's about exploring the properties of abstract objects and logical reasoning.

On the other hand, Physics is primarily concerned with the study of physical laws, experimental observations, and predicting the behaviour of objects in the real world. It involves both theoretical and experimental aspects.

Candidates can check the table below to see the comparison between the two courses.

Parameters

Mathematics

Physics

Course Level

UG, PG, PhD and Diploma

UG, PG, Diploma & Certificate

Course Duration

2-3 years

3-4 years

Course Fees

INR 3,000 - INR 6 Lakh

INR 5000 - INR 5 lakh

Admission Process

CUET, CSIR NET/Merit-based

DUCET, GITAM GAT

Job Profiles

Loan Officer, Economist, Treasury Management Specialist, Demographer, Statistician, Accountant, etc.

School teachers, Radiologists, Statisticians, Treasury Specialists, Quality Control Managers

Average Annual Salary

INR 2.5 LPA - INR 10 LPA

INR 4.5 LPA - INR 15 LPA

Top Recruiters

Chennai Mathematical Institute, The Institute of Mathematical Sciences, Kendriya Vidyalayas, etc.

Reliance Industries Limited, HCL Technologies, Accenture, IBM, Infosys, Verizon, etc.

Q. Which is better - Mathematics or Statistics?

A. If candidates are drawn to abstract concepts, logical reasoning, and theoretical problem-solving, Mathematics may be a better fit. If candidates enjoy working with real-world data, making sense of information, and helping organizations make data-driven decisions, Statistics may be the better choice.

Candidates can check the table below to see the comparison between the two courses.

Parameters

Mathematics

Statistics

Course Level

UG, PG, PhD and Diploma

UG and PG

Course Duration

2-3 years

2-3 Years

Course Fees

INR 3,000 - INR 6 Lakh

INR 3,000 - INR 23 Lakh

Admission Process

CUET, CSIR NET/Merit-based

BHU UET, JNU Entrance Exam, DSAT, SUAT

Job Profiles

Loan Officer, Economist, Treasury Management Specialist, Demographer, Statistician, Accountant, etc.

Data Scientist, Data Analyst, Information Analyst, Web Analytics Specialist, SAP Consultant, Statistician, etc.

Average Annual Salary

INR 2.5 LPA - INR 10 LPA

INR 3.33 LPA - INR 7.93 LPA

Top Recruiters

Chennai Mathematical Institute, The Institute of Mathematical Sciences, Kendriya Vidyalayas, etc.

HDFC, HSBC, Cognizant, Accenture, American Express, Reserve Bank of India, etc.

Popular Exams

Following are the top exams for Maths Course. Students interested in pursuing a career on Maths Course, generally take these important exams.You can also download the exam guide to get more insights.

Feb '25 - Apr '25

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Apr '25

CUET UG 2025 Application Form Correction

TENTATIVE

Dec '24 - Feb '25

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TENTATIVE

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11 Oct ' 24

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Popular Maths Course Colleges in India

Following are the most popular Maths Course Colleges in India. Learn more about these Maths Course colleges (Courses, Reviews, Answers & more) by downloading the Brochure.
2.4 K - 17.05 K
8 - 9 LPA

#203 QS World University Rankings

6 Courses
15.6 K - 46.58 K
6 - 9.25 LPA

#188 QS World University Rankings

2 Courses
432 - 540
7 LPA

#12 NIRF

4 Courses
480 - 11.13 K
5.5 - 16 LPA

#94 QS World University Rankings

4 Courses
51.8 K - 88.41 K
9.24 - 9.5 LPA

#1 NIRF

2.14 L - 5.52 L
4.0

#151 NIRF

Popular Private Maths Course Colleges in India

75 K - 4.2 L
3.5

#20 NIRF

Mathematics Applications open. Apply Now

2 L - 11.2 L
4 LPA

#27 NIRF

Mathematics Applications open. Apply Now

3 Courses
60 K - 90 K
2.25 - 4.27 LPA

#56 India Today

2 Courses
74 K - 1.48 L
3.5 - 5.75 LPA
10.47 L
1.6 L

#22 NIRF

Popular Maths Course UG Courses

Following are the most popular Maths Course UG Courses . You can explore the top Colleges offering these UG Courses by clicking the links below.

UG Courses

Popular Maths Course PG Courses

Following are the most popular Maths Course PG Courses . You can explore the top Colleges offering these PG Courses by clicking the links below.

PG Courses

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U

Ushama

Beginner-Level 1

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The key highlights of IIT Mandi placements for its MSc in Applied Mathematics Class of 2022, 2023 and 2024 are tabulated below:

Year

Number of students sitting for campus placement

Number of students placed

Median Salary (in INR LPA)

2020-22

20

16

12

2021-23

36

29

8

2022-24

47

14

7.2

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