M.Sc Applied Mathematics Jobs, Scope, Salary in India

Duration: 2 Years
Avg Fees: ₹1 LPA
Surobhi Chatterjee
Surobhi Chatterjee

Updated on - Jan 4, 2023

M.Sc Applied Mathematics Is a course that gives students a variety of job roles. The private and public sectors are demanding for M.Sc Applied Mathematics Graduates. Some of the job roles of M.Sc Applied Mathematics Graduates include; Research Scientist, Accountant, Economist, Professor, Business Analyst etc.

Career Prospects and Job Scope for an M.Sc Applied Mathematics Graduate

M.Sc Applied Mathematics Job opportunities courses have a wide range of career options and different sectors for the students who are interested. A student can easily get their M.Sc Applied Mathematics Course as per his or her future aspirations with options available.

Research Scientist jobs are the primary areas of employment for graduates of the M.Sc Applied Mathematics Course. Listed below are some of the popular jobs after M.Sc Applied Mathematics That are undertaken by graduates:

  • Research Scientist
  • Accountant
  • Economist
  • Professor
  • Business Analyst

Areas of Recruitment for M.Sc Applied Mathematics

M.Sc Applied Mathematics Jobs for graduates are provided in both the private and public sectors. This course program has been designed in such a way that it can open up many career platforms for the graduates. Some of the areas of recruitment are

  • Income Tax
  • IT Sector
  • Government Agencies
  • Scientific Services
  • Banking

M.Sc Applied Mathematics Salary

The M.Sc Applied Mathematics specialization’s graduates can earn the best packages. Some factors that affect the salary are experience, location, and specialization. 

The M.Sc Applied Mathematics Graduates can raise their salary by doing worthy internships that would add to their experiences. 

M.Sc Applied Mathematics Salary in India

The average M.Sc Applied Mathematics Salary for graduates is around INR 3-9 LPA [Source: PayScale]. The table below shows the salary breakdown of M.Sc Applied Mathematics graduates in India:

M.Sc Applied Mathematics Salary

Amount (INR)

Highest Salary

15 LPA

Lowest Salary

2 LPA

Average Salary

3-9 LPA

(Source: Glassdoor)

The table below contains the list of M.Sc Applied Mathematics Job profiles and their average salaries per annum:

Designation

Salary (INR)

Research Scientist

3-7 LPA

Accountant

4-7 LPA

Economist

3-8 LPA

Professor

3-6 LPA

(Source: Payscale)

M.Sc Applied Mathematics Salary Abroad

M.Sc Applied Mathematics is a course which is not so tough to do, and so making it an attractive prospect for Indian students to pursue abroad with better faculties and having a high scope of earning. 

Abroad provides the best infrastructure, amenities, academic curriculums, and faculties while pursuing an M.Sc in Applied Mathematics. Furthermore, they will have the opportunity to work and earn attractive salaries upon completing the course. 

The average salary of an M.Sc Applied Mathematics Graduate abroad is USD 40,000- 100,000(Source: PayScale). The table below contains the list of job profiles abroad and the appropriate per annum salaries:

Job Designation

Salary

Research Scientist

USD 87,012

Accountant

CAD 59,358

Economist

USD 101,313

Professor

USD 59,403

Career Scope of M.Sc Applied Mathematics

M.Sc Applied Mathematics is one of the most diverse courses in terms of, not just employment opportunities across various domains, but also the scope of higher education for graduates. Depending on the M.Sc Applied Mathematics specialization opted for by the student, they will be able to find relevant jobs in their domain or find the appropriate course for further education. 

The M.Sc Applied Mathematics scope is quite vast whether a graduate chooses to work or study further.

Courses after M.Sc Applied Mathematics

M.Sc Applied Mathematics Graduates can opt for higher studies once they complete their undergraduate education. There are varieties of options for M.Sc Applied Mathematics Graduates to choose from depending on their M.Sc Applied Mathematics specialization. 

The list below contains the names of courses that M.Sc Applied Mathematics Graduates can pursue after completing the course:

Career Options after M.Sc Applied Mathematics

The M.Sc Applied Mathematics Course is one of the valuable programs which has some career options and responsibilities. Listed below are some of the jobs after the M.Sc Applied Mathematics Course:

  • Economist: The candidates or professionals in this field are required to collect data, analyze current economic trends and prepare reports and forecasts on how we can further develop our economy and keep it steady.
  • Research associates: Professionals in this field are required to research, prepare reports and data on various topics, analysis of information and compilation as well as studying and apply mathematics to the real world and its conditions is what they are equipped to perform.
  • Chartered Accountants: Individuals hired to maintain financial accounts of other organizations as well as maintain each record with precision, offer audit facilities and provide further insights on taxation and legal laws related to this are some added duties of a CA.

Government Jobs for M.Sc Applied Mathematics Graduates

M.Sc Applied Mathematics Jobs salary varies with the experience and job position. This valuation depends on the specialization option of the aspirant, his or her sector of employment, job profile, diligence, and dedication at the workplace as well as the seniority and experience of the aspirant.

M.Sc Applied Mathematics Course jobs are available for graduates in the government sector as well. The job opportunities for M.Sc Applied Mathematics students are available in a large number of job roles owing to the diversity of the education. The average M.Sc Applied Mathematics Jobs salary for graduates is around INR 3-9 LPA. (Source- Payscale) The job designations include:

Top Government Hiring Roles

Salary (INR)

Research Scientist

10.8-13.8 LPA

Accountant

2.2 LPA

Professor

7-24 LPA

(Source: Payscale)

Private Jobs for M.Sc Applied Mathematics Graduates

The job opportunities for M.Sc Applied Mathematics students in the private sector are provided in many forms. The average M.Sc Applied Mathematics Jobs salary for graduates is around INR 3-9 LPA. (Source- Payscale) The job designations include

Top Private Hiring Companies

Salary (INR)

Deloitte

6 LPA

Ernst & Young

11.1 LPA

PWC

4.9 LPA

(Source: Payscale)

Job Opportunities Abroad for M.Sc Applied Mathematics Graduates

There are plenty of opportunities for graduates after M.Sc Applied Mathematics, in the international job market. The education and information they gain are so specialized that those graduates' demand is higher than the supply. The course is designed such that every student, irrespective of their specialization, is employable in a foreign country.

Top Companies for M.Sc Applied Mathematics Graduates

Below is a list of the top international companies that hire M.Sc Applied Mathematics Graduates:

  • Max Bupa Health Insurance
  • Bharati Shipyard
  • WNS
  • Towers Watson
  • PwC Actuarial Services India
  • Mercer

Best Countries for M.Sc Applied MathematicsGraduates

Below is the list of top countries offering job opportunities to M.Sc Applied Mathematics Graduates:

  • Australia
  • the USA
  • the United Kingdom
  • Singapore
  • Canada
  • Malaysia 

Various Career Designations Abroad for M.Sc Applied Mathematics Graduates

Here is the list of exciting job roles that attract M.Sc Applied Mathematics Graduates to work abroad:

  • Research Scientist
  • Accountant
  • Economist
  • Professor
  • Business Analyst

Famous M.Sc Applied Mathematics Graduates

There are many graduates in the field who have become famous for their contributions. Some of such famous personalities are listed below:

  • T.N Manoharan
  • Kumar Mangalam Birla 
  • Piyush Goyal 
  • Rameshwar Thakur
  • Rakesh Jhunjhunwala

M.Sc Applied Mathematics Fee Structure

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