M.Sc Mathematics Jobs, Scope, Salary in India

Duration: 2 Years
Avg Fees: ₹10K - 85K PA
Roumik Roy
Roumik Roy

Updated on - Feb 6, 2024

M.Sc Mathematics jobs in India are in high demand and have a good job scope in today's developing world. Student have huge opportunities of getting placed in the M.Sc Mathematics placements if it exists in his/her institution. Some of the jobs for students with M.Sc Mathematics include interpreters, analysts etc. 

MSc Mathematics Course aids to deliver a wide and in-depth study of advanced Mathematics theory to the students. There are various employment prospects available in several fields which include Data Analyst, Business Analyst, Financial Analyst, Operation Manager, Credit Analyst, Teacher, Researcher, etc. MSc Mathematics syllabus and subjects are designed in a well-structured manner to assist students by delivering them comprehensive knowledge and understanding about the field which enables them to succeed in their careers. 

Table of contents

 

MSc Mathematics Jobs in India

Mostly it is considered a cakewalk for the graduates to get placed as an M.Sc Mathematics graduate in any firm in India. One of the reasons is, that after the M.Sc Mathematics course, the aspirants can be considered professionals because of the course structure, thus making them capable of getting a good job scope and skills in India.

In fact, at times, most graduates, educate themselves more which makes them more capable of working. Another reason for ease in getting the job is because of the campus interviews. The following jobs are available after completing MSc Mathematics.

Entry-Level MSc Mathematics Jobs for freshers

The scope for MSc Mathematics freshers is wide. Candidates begin working as "freshers" in entry-level positions after graduating. Students will be able to create their own goals with the aid of these professions. The typical average salary for MSc in Mathematics fresher in India is INR 3–4 LPA. Some MSc Mathematics fresher jobs are listed below:

MSc Mathematics course Jobs Profile

Description

Junior Associate Professor

  • Hiring, and guiding fresh TAs and other young employees. 
  • conducting research and writing articles for scholarly journals.

Online Tutor

accountable for assisting students in understanding new concepts, completing assignments, and learning

Junior Research Scientist

  • develop and carry out experiments that become the focus of reports and articles.
  • writing reviews, summaries, reports, and research papers.

Mathematician

Perform research on the foundations of mathematics or on the applications of mathematical methods to business, science, and other disciplines.

Market Researcher

develops future marketing strategies by gathering and analysing data on customers, sales patterns, products, and services.

Economist

conduct analysis, gather, and forecast data to assist their organisation.

Government Jobs For MSc Mathematics Aspirants

Several MSc Mathematics career prospects are available after completing the two-year postgraduate programme. There are several different industries to find employment for the govt jobs for MSc Mathematics. Students must pass an aptitude exam, typically followed by an individual interview or a counselling session, to qualify for MSc Mathematics government jobs.

The following list of popular government positions following a degree in MSc Mathematics

Job Profiles

Description

Assistant Professor

A post at the entry level that involves teaching, researching, and helping senior professors

Specialist Officer

monitor the technical aspects of banking operations

Assistant Manager

Evaluate employee schedules and ensure new joiners are familiar with their responsibilities

IFS Officer

responsible for representing the nation on a global stage and managing India's external affairs

Accountant

assists companies in making important financial decisions by gathering, monitoring, and managing financial data.

Assistant Supervisor

hiring new employees, conducting training sessions, and keeping track of job performance measures

Mathematics Teacher

give lessons that train students to advance their theoretical and practical mathematics proficiency.

Private Jobs for MSc Mathematics Graduates

For graduates of the MSc in Mathematics, the private sector offers a variety of prospects. The demand for MSc Mathematics has increased recently as the corporate sector has increasingly relied on financial and economic management. Students can choose from various MSc Mathematics employment either through the placement cell or on their own after the study. Some of the private jobs after MSc Mathematics are listed below:

Job Profiles

Description

Full Stack Developer

  • works with a website's or application's front and back ends.
  • In charge of software application development and implementation

Quantitative Risk Analyst

executes a variety of tasks in support of a company's overall stress testing and risk analysis process.

Data Analyst

use statistical approaches to interpret data and analyse outcomes

Quantitative Developer

Software developers and engineers who support investment banks and other financial institutions with technical tools, systems, and solutions

Analytic Science Consultant

offer strategies to increase productivity and address business problems

Database Manager

responsible for creating and managing the systems that an organisation uses to store and manage its data.

Customer Coordinator

oversees the team of customer service representatives and ensures the company's policies and procedure is being followed properly

Credit Analyst

  • Examine and evaluate the financial records and credit histories of current and prospective clients.
  • collects and examines financial information from loan applicants to assess risk

Statistician

collects, analyzes, and interprets numerical data and statistical models to assist in planning and decision-making processes for companies.

External Auditor

examines a company's financial records and presents conclusions

Interest Rate Trending Strategist

  • Contributes to reports that track risks, identify issues, and give an accurate and clear analysis
  • executes stock trades for institutional and retail clients

Skills Required for MSc Mathematics Jobs

It is important to have both soft and hard skills in order to succeed in any context after receiving an MSc Mathematics. Graduates have access to a wide range of jobs and higher education options. A couple of the skills are listed below:

  • Quantitative Skills
  • Interpersonal Skills
  • Analytical Skills
  • Problem-Solving
  • communication skills
  • Teamwork
  • Research skills
  • Time Management 

Areas of Recruitment for MSc Mathematics Graduates

M.Sc Mathematics graduates have a good job scope in India and have the option to work both in the public and private sector, depending on their interests, their skills and the type of occupation that they want to choose. Both have their own plus points and job benefits. Some of the professions that can be taken by an M.Sc Mathematics graduate are:

  • Aerospace companies
  • Pharmaceutical companies
  • Market research firms
  • Research and Development Firms
  • Economic Research Firms
  • Engineering Firms
  • Social Research Institutes

Salary Offered to MSc Mathematics Graduates in India

A graduate's salary for an M.Sc in Mathematics in India varies based on a number of factors, such as experience, the area of specialisation, and other factors. M.Sc Mathematics graduates often make between INR 3 to 10 LPA. (Source: Payscale)

Other factors that affect income include the job title and the industry one chooses to work in. Since they broaden their experience, internships and work placements can help graduates make more money.

MSc Mathematics Salary in India

The table below shows the salary breakdown of MSc Mathematics jobs salary in India:

MSc Mathematics Salary in India

Amount

Highest Salary

10 LPA

Lowest Salary

3 LPA

Average Salary

8 LPA

MSc Mathematics Salary based on Job Designations

M.Sc Mathematics is a course that helps in the specialization in the field of Mathematics. The salary varies for each sector- government and private and the type of job or even the skills possessed by the aspirant. The M.Sc Mathematics graduate Salary in India is:

Job Role

Average Salary

Mathematics Professor

9LPA

Mathematics Specialist

3 LPA

Quantitative Risk Analyst

6 LPA

Data Analyst

6 LPA

Senior Business Analyst

9 LPA

Operation Manager

6 LPA

Interest Rate Trending Strategist

6LPA

MSc Mathematics Salary Based on Sectors

Both the public and private sectors are hiring for MSc Mathematics positions. The Salary of an MSc Mathematics job is influenced by various factors, such as the sector's career growth, governmental regulations, programmes, taxes, and more. The following tables display the typical sector-wise MSc Mathematics salary in India:

Private Sector

There are various private companies offering M.Sc Mathematics career opportunities for aspirants after completing their M.Sc degrees. There are various job designations are offered by the private sector. Some job profiles provided by top recruiters are given below with average salaries. 

Top private Organization

Job Profiles

Salary (INR)

DJM Jobs

Mathematics Teacher

9 LPA

Baroda Institute of Technology

Full Stack Developer

3 LPA

TATA ELXSI LTD

Artificial Intelligence

5 LPA

Deloitte

Researcher & Accountant

INR 7 LPA

Ernst & Young

Statistician

INR 5.4 LPA

Axis Bank

Loan Officer

INR 3 LPA

Government Sector

The scope of MSc Mathematics in the government sector is rising significantly. The RBI, Indian Economic Services, BHEL, the Department of Economic Affairs, the Railway Ministry, and the Defense Sector are some of the major government agencies that provide MSc Mathematics job opportunities. Following an MSc in Mathematics, the average salary is INR 3 - 6 LPA (Source: Payscale). Following an MSc in Mathematics, some of the occupations from top companies and associated incomes are listed below:

Top Government Organization

Job Profiles

Salary (INR)

Kolkata Metro Rail

Assistant Manager

6.3 LPA

Karnataka University, Dharwad

Assistant Supervisor

2.4 LPA

Public Sector Bank

Specialist Officer

INR 3.6 LPA

Indian Forest Services

IFS Officer

INR 3 LPA

Staff Selection Commission

Accountant

INR 4 LPA

MSc Mathematics Placement

MSc Mathematics placement is offered at almost all colleges during or after the completion of the last semester. The hiring organizations also coordinate recruitment drives that are held either on or off campus in collaboration with several institutions.

The following list includes a number of the major companies that provide placement opportunities after completing an MSc in mathematics:

College Name

Top Recruiter

Average Annual Salary 

Miranda House

Accenture, DE Shaw, Dell, Daurcom, PwC, Unnati, TCS

INR 6-15 LPA

Hindu College

Google, Deloitte, HDFC, KPMG, Maruti, Jaypee, Ernst & Young

INR  7-16 LPA

Loyola College, Chennai

TresVista, Accenture, Deloitte, KPMG and Adobe

INR 7-14 LPA

Madras Christian College

Deloitte, E&Y, Royal Bank of Scotland, Accenture, IBM, Infosys, Wipro, TCS

INR 6-11 LPA

Hans Raj College

McKinsey & Co., Bain & Co., Boston Consulting Group, Accenture Strategy, ZS Associates United Airlines

INR 6 - 14 LPA

Career Scope of MSc Mathematics

The scope of the MSc Mathematics course is extensive as graduates of the course will have various career opportunities in both the public and private sectors. The job that is offered to graduates depends on their skills, knowledge, and specialization. There is a significant increase in the demand for M.Sc Mathematics graduates as there are many organizations that require the services of mathematicians. Hence, the MSc Mathematics scope in India is abundant

Career Options after MSc Mathematics

M.Sc Mathematics graduates can pursue a wide range of careers in a variety of fields immediately after course completion. Their extensive knowledge of Mathematics will help them to secure a career in the following areas:

  • Quantitative Developer: M.Sc Mathematics graduates can work as quantitative developers, who help in developing products based on data. This role requires a high level of mathematics and statistical skills.
  • Quantitative Risk Analyst: A risk analyst with good knowledge of mathematics can analyze risks associated with financial instruments and help in mitigating those risks. Risk analysts work for banks, insurance companies, stock markets, etc., and play an important role in the decision-making process of those organizations.
  • Director of Statistical Programming: A director of statistical programming works as a liaison between statisticians and other programmers. They help in providing statistical programming services to various businesses and organizations.
  • Administrative Assistant: An administrative assistant is basically a secretary, who does office work like typing letters, answering phones, and other routine office work. They also take care of the day-to-day needs of the business or organization.
  • Professor: A professor is an academic instructor who teaches students from the undergraduate to the postgraduate level. Universities, colleges, or educational institutions usually employ them.
  • Mathematics Specialist: A mathematics specialist is a person who has specialized knowledge in mathematics. They work as an analyst, programmer, database manager, etc. in the area of mathematical statistics.

Courses after MSc Mathematics

The M.Sc Mathematics course has numerous opportunities both in India and abroad. However, if a graduate wants to expand his knowledge in the field of Mathematics he can take up a PhD or an advanced degree in this area. Some of the courses that can be pursued after M.Sc Mathematics are given below:

  • M.Phil in Applied Mathematics
  • M.Phil in Mathematical Science
  • M.Phil in Mathematics
  • M.Phil in Maths and Statistics
  • PhD in Applied Mathematics
  • PhD in Mathematics
  • PhD in Maths and Statistics
  • PhD in Mathematics and Humanities and Social Sciences

Factors to be Considered Before Choosing A Job

The candidates' future will be impacted by the career route they choose. Thus, it is crucial to consider several factors, including "What is MSc Mathematics income?" What careers are available for math graduates? What is the typical MSc Mathematics salary in India? "What can I do with an MSc in Mathematics?" and "What is the scope of the MSc in Mathematics?" Before considering employment options, consider the following factors:

  • Future scope
  • Salary, Entitlements, Terms & Conditions
  • Job Market Outlook
  • Company Culture and History
  • Employee Benefits

Top MSc Mathematics Recruiters

The MSc Mathematics is one of the most sought-after degrees in India, with many major companies recruiting its graduates. The top recruiters in India with the highest average MSc Mathematics salaries are mentioned below:

Top Recruiters

Average Annual Salary 

Ford

INR 10 - 20 LPA

JCB

INR 10 - 16 LPA

American Express

INR 10 - 14 LPA

Tesco

INR 10 - 15 LPA

Honeywell

INR 8.5 - 14 LPA

Marks & Spencer’s

INR 6 - 12 LPA

MSc Mathematics Fee Structure

Loading...