Opportunities in private sector for students with Master of Mathematics degree
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.

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