B.Sc Mathematics is a popular 3-year duration undergraduate course that provides a strong foundation in mathematics and its application. The program is designed to equip students with utilization and application of mathematics, analysis of numbers or related disciplines such as applied mathematics, actuarial sciences, computational mathematics, financial mathematics, pure mathematics, operational research or statistics.
In this blog, we will take a look into what are all the different career options after B.Sc Mathematics and also cover the subjects and courses that one can pursue their Master's in after completing B.Sc in Mathematics.
Courses After B.Sc Mathematics
After obtaining a B.Sc, one has the option of starting employment immediately or continuing their education by enrolling in a Master's or Post Graduate Diploma Programme (PGDM). After earning your bachelor's, choosing to pursue a Master's or PGDM degree increases and improves your subject knowledge and helps you land a job with a higher income.
You must clear an entrance exam in order to enrol in many colleges, including BITSAT, IIT JAM, GATE, BHU CET, IPU CET, and CUCET. Before admission to their masters programmes, some private colleges even have their own entrance exam and/or round of in-person interviews. The following is a list of master's programmes that demand the aforementioned entrances:
● Msc in Mathematics
● Msc in Statistics
● Msc in Data Analytics
● Msc in Data Science
● Msc in Economics
● Msc in Finance
Master of Computer Applications(MCA) is one of the most popular courses after graduation. Most colleges offering MCA programs, intake candidates based on merit or entrance exams such as NIMCET or State MCA exams.
A Master of Business Administration programme with a finance specialisation or a general MBA are also options. Admission to an MBA programme requires passing admission tests such as the CAT, GMAT, XAT, CMAT, NMAT, or state CETs. You can start an MBA programme right after graduation, however it is advisable to have 1-3 years of work experience before enrolling in an MBA programme to get the most out of the curriculum.
Career Options After B.Sc Mathematics
After earning a B.Sc in Mathematics, you have a wide selection of alternatives, ranging from academic to research and development, financial planning to data analysis, cryptography to data science, and several others. Here is a list of career options after B.Sc Mathematics that you can pursue.
1. Actuarial Science:
Actuarial science is a discipline that uses mathematical and statistical methodologies to estimate financial risks in the insurance and financial areas. A degree in mathematics provides a solid understanding of risk and probability, both of which actuaries require. To become an actuary, candidates must clear the Actuarial Common Entrance Test (ACET) and a series of actuarial exams administered by the Institute of Actuaries of India.
2. Teaching/Tutoring:
Mathematics graduates can become a math teacher in schools or colleges. They can work in public or private institutions as a tutor, lecturer or professor. They develop curriculums and lesson plans and communicate them with parents and supervisors.To become a teacher in central or state government schools,candidates need to qualify TET or CTET. Candidates need to qualify the National Eligibility Test (NET) or State Eligibility Test (SET) for a lectureship or Assistant Professor post.
3. Finance :
Mathematics majors have employment options in the banking, insurance, and accounting industry. To forecast and make financial judgments, they can apply their analytical capabilities along with their comprehension of mathematical models. They could serve as underwriters for insurance policies, financial analysts, or investment managers.
4. Data scientists:
4.Data Scientists use mathematical and statistical models to find insights from large data sets to predict future trends, forecast business outcomes or improve decision-making processes. They possess a strong quantitative background in statistics and linear algebra along with programming knowledge with a knack to build and analyze algorithms.
5. Data Analyst:
Data Analysts are responsible for translating technical analysis to qualitative action items and effectively communicating their findings to diverse stakeholders. They use and analyze the given data sets to extract insights and help in making better profitable business decisions.
5. Economist:
An economist analyzes economic data and offers viewpoints on economic structures and regulations. They forecast economic growth, inflation, and other important indicators using mathematical and statistical models, and they assess the effects of economic policies on different economic sectors. Economists are employed by a variety of organizations, including public institutions, academic centres, multinational corporations, and private businesses. The Indian Economic Service (IES) exam and the National Eligibility Test (NET) are two important tests for aspiring economists in India.
6. Mathematical Modeller:
A mathematical modeller applies mathematical and statistical techniques to develop models that imitate real-world systems and forecast their behaviour in order to solve complicated problems in a variety of industries, including engineering, banking, and healthcare. A Mathematical Modeller must be proficient in programming languages like MATLAB or Python in addition to having a solid foundation in mathematics and computer science.
7. Operations Research Analyst:
An operations research analyst uses mathematical and statistical methods to solve complex problems related to operations, logistics, and supply chain management. They use optimization techniques and modelling to improve the efficiency of a company's operations.
8. Cryptographer:
A cryptographer utilizes statistical and mathematical strategies to develop secure cryptographic systems, then creates and evaluates algorithms for encryption and protocols to protect data transit and storage. A deep theoretical and practical basis in common cipher structures and recent encryption techniques is provided by a specialization in cryptography.
9. Government Jobs:
A career in the public sector is also accessible to BSc graduates at numerous government organizations, including the Defence Research and Development Organisation (DRDO) and the Indian Space Research Organisation (ISRO). Exams held by the UPSC, Staff Selection Commission, Railway, Banking, etc. are also open to candidates. These tests give candidates access to positions such as IPS, tax assistant, census officer, etc.
Following that, a B.Sc mathematics provides students with a variety of potential career opportunities. Graduates with a B.Sc in Mathematics may significantly benefit their chosen fields and develop society if they are equipped with the appropriate abilities and knowledge.