Top 6 lucrative and in-demand careers after BSc. Maths (Hons)
“Mathematics is not a careful march down a well-cleared highway, but a journey into a strange wilderness, where the explorers often get lost. Rigour should be a signal to the historians that the maps have been made, and the real explorers have gone elsewhere.”
- W.S. Anglin
NUMBERS, NUMBERS, NUMBERS, they are everywhere, aren’t they? Do they fascinate you? Well, if YES, you are in the right place. No doubt that STEM graduates are in high demand and this scene will remain the same for the coming years. So, having Mathematics as your major in graduation is one of the best options to go with. With the technology boom around, it’s not just limited to Mathematicians, Statisticians, Engineers and a few more career options that everyone’s aware of but there are so many more diverse career options to choose from. In a nutshell, it opens up plenty of opportunities for you.
Read about the following career options to find out the opportunities waiting for you.
- ACTUARIES:
Actuaries analyze and forecast the present effects of future contingent events or risk analysis in various insurance fields. They do financial modelling, design and price policies, recommend fair rate of bonuses, take care of legal liabilities, loss of profit etc. One can work in financial services, banking, stock exchanges, investment consultancies and wealth management. According to a report, the employment scale of an actuary is expected to grow atleast by 18% by 2029.
2. DATA SCIENCE:
Data scientists deal with big data, develop prototypes, algorithms, predictive models, and custom analysis to create actionable plans. Their role is a combination of Mathematics, Statistics and Computer Science. To become a Data Scientist, one first needs to learn the relevant skills like programming, machine learning, researching, data mining, cloud computing, data-visualization, risk and statistical analysis. Besides, Harvard Business Review called being a Data Scientist as ‘the sexiest job of the 21st Century’.
3. OPERATIONS RESEARCH ANALYST:
ORAs are high-problem solvers who research, gather, and analyze the plans using statistical analysis, simulations, predictive modelling etc. to improve efficacy and efficiency. Their general problems can include research and development problems, personal management, production management, purchasing, finance and banking problems. The scope of Operation Research Analysis is growing with every passing year. In this technology-driven era, every organization needs an ORA.
4. ALGORITHM ENGINEER:
Algorithms are fundamental to the development of all computer applications. Algorithm engineers focus on the design, implementation, optimization, analysis and experimental evaluation of computer algorithms. The big data explosion has increased the demand for algorithms engineers around the world. It has now become one of the highest paying machine learning jobs.
5. MANAGEMENT CONSULTING:
Management consultants are more than just the advisers to a firm. They facilitate client learning, build consensus and commitment, assist with implementations, provide solutions to the client problems, and most importantly, improve the business strategies' effectiveness. Management Consulting is the broadest area covering 50–55% of the total consulting market, and its global market is worth more than $160 billion.
6. QUALITY ASSURANCE MANAGER:
A QAM designs, implements and improves the company’s quality standards, creates reports, formulates strategies, reviews processes, develops and implements the inspection activities and deliver satisfactory outcomes. Basically, Quality Assurance Managers touch every phase of the product life cycle.
If you have a great desire to study something interesting, challenging and stimulating and are passionate about Mathematics, career options will extend far beyond the theoretical concepts and thinking. PICK any one of these careers which fascinates you the most and GO EXPLORE!
