Do you like math? Here are 8 math careers you need to know
Often referred to as the language of the universe and humanity’s most important discovery, mathematics is a universe unto itself with its own laws and principles. As Charles Darwin said, “Mathematics seems to give someone something like new meaning. “
So, it stands to reason that careers in mathematics are the most sought after. Let’s take a look at some sought after career options in mathematics:
1. Data analyst / Business analyst
Data analysis is inextricably linked with mathematics. It requires in-depth knowledge of various mathematical formulas and algorithms.
The role of a data analyst is to collect and collate data to pull insights, create dashboards, design and maintain relationship databases and much more.
They work closely with the IT function to determine organizational goals, extract, cleanse, interpret and analyze data, report their findings, and communicate the way forward to stakeholders.
A training in mathematics / statistics / finance is the gateway to a career in this discipline. Data analysts should have good analytical skills, knowledge of various statistical tools such as Python, R, Tableau.
Statistics are closely related to mathematics and involve the collection and interpretation of data. Statisticians use the tools at their disposal to gain insight into a dataset, looking for patterns and arrangements that may repeat over time.
For graduates in mathematics, a post-graduate degree in statistics is highly recommended for bright prospects in this discipline.
Statisticians are employed in many fields such as accidents and insurance, agriculture, demographic and demographic studies, politics, health care, business, crime, etc.
All the laws of the universe, from those governing at the smallest scale (Quantum Mechanics) to those applied on a celestial scale (Relativity), all have been discovered, debated and proven using mathematical connotations and theorems. .
While theoretical mathematicians are concerned with developing new theories and algorithms and finding inefficiencies in proposed / already existing concepts, applied mathematicians use the same approaches to find practical solutions to complex real world problems in various fields, like business, finance, biology, chemistry, climate and more.
A postgraduate degree in mathematics preferably followed by a doctorate is strongly recommended for a career as a mathematician.
4. Investment banking
If you like numbers and aspire to a career in banking, investment banking may be a suitable career option. Investment banking professionals develop several financial models to assess debt and equity for mergers and acquisitions.
They also make recommendations for product offerings, private equity transactions and valuations.
A bachelor’s degree in mathematics, finance or statistics followed by an MBA is highly desirable for a career in investment banking. Investment banking professionals work in multinational banks and financial institutions and
5. Chartered accountant
Excellent quantitative aptitude and statistical skills are essential for public accounting. Chartered accountants check structured data and discover inconsistencies, take care of the bookkeeping and manage the overall financial structure of the organization.
It is mandatory to qualify for all examinations conducted by ICAI to become a Chartered Accountant in India.
Chartered accountants work in financial consulting firms and multinational corporations, and they also practice in their individual capacity.
Starting any business comes with a certain level of risk, vulnerability and responsibility. The job of an actuary is to assess and minimize the risks to an entity.
Professional actuaries are indispensable in the insurance market because any insurance is granted after evaluating many variables before purchasing the insurance.
Actuaries also work for credit institutions in which their role is to assess the risk associated with granting a loan to an entity.
The IAI conducts actuarial exams in India, in which applicants must pass at least 12 of the 15 tests to achieve Associate Member status of the IAI.
Professional actuaries work with insurance companies, pension funds and reinsurance companies.
7. Operations research analyst
An operations research analyst gathers and interprets data sets to help solve problems regarding the efficient allocation of resources such as capital, human resources, machinery, etc., and develops methods to improve business operations in inventory management, supply chain, manufacturing, etc.
A postgraduate degree in Mathematics / Computer Science / Industrial Engineering is desirable to enter this field.
Operations analysts work in several industries such as information technology, business management, manufacturing, finance and insurance, etc.
The role of the academician is to teach the students the theorems and principles of mathematics, statistics, computer science and economics.
Each university needs a faculty preferably with a doctorate degree in mathematics to take courses for undergraduate / postgraduate / doctorate level students.
The skills required for a teaching position go beyond simple mastery of math and involve the ability to effectively communicate complex ideas to students.
The rise of edtech companies has fueled the demand for faculty positions and made it a sought-after option.
So, if you love calculations and have strong analytical skills, you may want to consider math career options.
-Article by Rohit Manglik, CEO, EduGorilla
Read: 6 Exciting And High-Paying Careers For People With A Phobia Of Math
Read: Did you know that you can study at an IIT without knowing math or science?