The candidates who have done their Masters of Mathematics can find many opportunities in various private firms related to Economic Research, Research and Development, Manufacturing and Market Research. Based on the optional subjects chosen during the course, the students will be able to work in the areas of Theoretical Computer Science and Probability Theory. Ph.D is a good higher studies option for the students who have completed Master of Mathematics. This is because most of the employers will hire Ph.D level students in the coming future. A qualified mathematician with experience and expertise can earn at least Rs. 50,000/- per month.

An Overview of Master of Mathematics course

The Master of Mathematics programme provides a high level of guidance in the field of Mathematics. The students will be able to have an academic or research career in Mathematics after completing the programme successfully.  The topics included in the course are Geometry, Topology, Number Theory, Linear Algebra, and Real Analysis.

Mathematics helps to solve business, physics, engineering, scientific, and economic problems. Thus, the students who have completed Master of Mathematics can have opportunities in variety of fields. Mathematicians make use of latest computer technology, computational techniques, mathematical theory, and algorithms to solve the different problems.

Generally, Mathematics is categorized into two – Theoretical Mathematics and Applied Mathematics. Applied mathematicians usually work for the private sector. But theoretical mathematicians work mainly as researchers or professors in universities.

Possibility of Higher Studies

The students can do doctoral programme in Mathematics after pursuing the Master’s degree. In the private sector, better career options are there for Ph.D candidates. The electives available in the Ph.D programme are Survey of Combinatorial Mathematics, Mathematical Logic, Numerical Analysis, Complex Variables, Set Theory, and Applied Differential Equations. Some other courses which a candidate can do after Master of Mathematics are:

• M.Phil in Mathematics and Statistics
• M.Phil in Mathematical Science
• M.Phil in Applied Mathematics
• Ph.D in Applied Mathematics
• Ph.D in Mathematics and Statistics

Job Profiles in the Private Sector

A few career profiles in the private sector for those who have pursued Master of Mathematics course are mentioned below.

• Actuary Assistant
• Associate Consultant
• Actuarial Scientist
• Research Mathematician
• Network Analyst
• Research Statistician
• Programmer
• Research Assistant
• Business Analyst
• Data Processing Consultant
• Software Analyst
• Technical Writer
• Professor
• Mathematical Technician
• Mathematical Software Programmer
• Mathematician
• Mathematical Statistician
• Technical Consultant
• Support Scientist
• Intelligence Application Officer
• Operations Research Analyst
• Cost Estimator
• Cryptologic Mathematician

Employment Areas in the Private Sector

Developments in technology have increased the application of mathematics and the requirement of candidates with mathematics skill. Besides mathematics, jobs in various industries in the private sector require advanced knowledge of scientific subjects and computers. Some of the employment areas for the master of mathematics graduates are:

• Manufacturing Firms
• Economic Research Firms
• Research and Development Firms
• Market Research Firms
• Social Research Institutes
• Engineering Firms
• Pharmaceutical Companies
• Aerospace Companies

There are many software companies like TCS, Google, Infosys, Microsoft, Oracle, Wipro, etc who recruit these graduates. Mathematicians are also required in many private banks such as ICICI, HDFC, Citi bank, etc. There are various insurance companies like Bajaj Allianz, MetLife, ICICI Prudential, etc which offer jobs to these candidates mainly in the field of actuarial science.

Remuneration of Mathematicians in the Private Sector

A fresher in the field of mathematics can earn a salary that ranges between Rs. 15,000/- to Rs. 20,000/- per month. However, an experienced mathematician will get a monthly salary of Rs. 50,000/-per month. A mathematics professor in India will get a monthly remuneration of Rs. 35,000/- in the beginning.