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10 Top Economics and Maths Career Options
Just like the career options in economics, career options in maths have seen a surge in recent years with the rapid expansion of digital education platforms. Mathematics and Economics open up a plethora of mathematics career options and economics career options in various industries.
Here, Careers360 put together a comprehensive list of the top 10 economics career options and career opportunities in maths you can try out.
10 Top Economics And Maths Career Options
Here are some of the top mathematics career options and economics career options:
1. Online or E-tutor - Online teaching is one of the job opportunities for maths and economics graduates. If you know Maths and Economics, you might want to consider taking up online teaching jobs. This career option for Maths graduates or Economics graduates requires a good quality camera, microphone, and strong internet connection.
The best part about these maths career options is that they require you to devote comparatively fewer hours than a full-time teaching position in an educational institute or school. Online learning platforms are always looking for experts, and salary can be anywhere between Rs 25,000 to Rs 1,00,000 depending on your performance.
2. Subject Matter Expert - Subject matter expert is one of the economics and mathematics career options. A lot of publication houses and authors of subject-related textbooks are on the lookout for subject matter experts for their books. Online job portals give a variety of career options in maths and economics and provide information about employers.
You may contact people you wish to work with and connect with them. All you need here is only and only subject knowledge. The salary here ranges somewhere between Rs 50,000 to more than a lakh.
3. School/University Teacher - Teaching online through various e-learning platforms is one of the best jobs for maths students in India and economics graduates to work and earn. Due to this pandemic, universities and schools have outsourced teaching and require experts and professionals to help them.
Thus, now teaching has also become one of the economics and maths career options. This is another way to work in the comfort of your home while also earning money. Salary ranges between Rs 25,000 and Rs 1,00,000.
4. Statistical Research - This is one of the job opportunities for economics graduates and Maths graduates. The job role, one of the job opportunities for economics graduates, requires a statistical analyst to collect, compile and interpret data and provide firm recommendations based on your research.
For this, you are supposed to have strong mathematical and statistical knowledge. And there are a lot of websites that hire people for the research or you might do it yourself and sell to the concerned authorities. Either way, it is a win-win situation for you!
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5. Actuarial Science – Such career opportunities in maths are not much heard of as compared to the others. This job opportunity for maths graduates pays well in the comfort of home if they have completed B.Sc Maths honours.
Apart from mathematical and statistical knowledge, you should also have an interest and some basic knowledge about business and finance and should also have strong communication skills so that you can put forward your research and recommendations to people of an organization.
6. Financial Analyst – Financial analyst is one of the maths and economics career options. Finance Analysts usually do a lot of research on a company's finances, investments, stocks, bonds, competitors, and other areas of investment to help guide a company related to the future investments to be made and how to go about the current financial scenario.
If you go to any job portal, you can find a lot of job openings and vacancies related to the same and the best part is that it is a home-based job opportunity. For this, all you might require a computer software that will be used to make analysis and study data.
7. Market Research Analyst – This is also one of the job opportunities for Economics graduates that they can encash. Market Research Analysts do an in-depth study of the market where your products or services are sold and what is the response to your product or service.
They also see how a certain product or service may fare under various economic conditions. The expectation from this kind of role is to gather, interpret and analyze data and use good software for presentation, presenting the data to the company.
8. Credit Analysis – Credit Analysts analyze the microeconomics involving an in-depth study and research about their prospective clients. This is also one of the good job options for Economics graduates to opt for. The main job role here is to determine and assess the risk of giving out loans and credit to various businesses whether small or large scale.
As a Credit Analyst, you can earn around Rs 6 to 8 lakhs per annum, but it also depends upon the experience, type of industry, and region where the person is operating.
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9. Actuary - This kind of home-based opportunity is not easy to find, unlike the above-mentioned ones. Not only this, the pay scale under this kind of job role is the highest compared to the others.
It is a high-paying career and an Actuary who’s just starting their career in the industry can easily earn anywhere between Rs 15-20 lakhs per annum.
10. Corporate Law- After you have pursued a bachelor’s degree in Economics, you can even pursue a career in corporate law. Corporate lawyers work with companies on matters such as mergers and acquisitions among others and should have a strong sense of laws and regulations when it comes to running a business entity in India.
One can either work as a consultant or with a mid-sized to large-scale corporate law advisory firm. In terms of salary, corporate law firms offer anywhere between Rs 25-30 lakh per annum to Rs 150-200 lakh.
Conclusion
If you are a graduate in Mathematics or economics, many career options after ma economics and mathematics can provide you with a better earning. Hope this article will help find the economics and maths field career options.
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Frequently Asked Questions (FAQs)
Q: What are the high-paying jobs for a Maths Graduate?
A:
Economists, astronomers, actuaries, statisticians, and Mathematicians are a few among the many high paying jobs for maths graduates.
Q: What is the scope of a financial analyst’s job in India?
A:
As a freshly graduated financial analyst, one can earn a salary in the range of Rs 15,000- Rs. 40,000 per month. After 5 years or more of work experience, there is four to five times growth in terms of salary.
Q: Can I open my own business or institute after completing a degree in Mathematics?
A:
Yes, having a degree in Mathematics opens up a lot of career opportunities for graduates. If you’re willing, you are free to set up your institute to teach Mathematics to students of all levels.
Q: How can I become a credit analyst in India?
A:
To become a credit analyst in India, you need to have an undergraduate degree in either finance, accounting, or other related fields such as ratio analysis, statistics, economics, calculus, financial statement analysis, and even risk assessment.
Q: What jobs can be related to maths and statistics?
A:
Maths and Statistics jobs can be found in government and semi-government institutes as well as private and public sectors. These jobs include teaching in research institutions and establishments dedicated to higher education.
Q: What can you do after completing your Economics graduation?
A:
You might want to take up the job of an equity researcher or analyst.
Q: What is the scope of economics as a career?
A:
Economics is considered as an evergreen subject for both jobs as well as careers and there is a huge demand in the job market related to the same.
Q: How can I get started with a career as an ‘actuary’?
A:
The Indian Actuaries Institute offers certification courses that a candidate can pursue after completing their 10+2 in Mathematics.
Q: What is the scope of corporate law in India?
A:
Corporate law is a hot career option amongst the youth these days and one can either work as an independent corporate lawyer or with a top corporate law firm. As a corporate lawyer, one can start off with a basic salary of INR 40,000 per month and it can grow from thereon, depending upon the work experience and the type of clients handled.
Q: What is the association/institute for actuarial science experts in India?
A:
The Institute of Actuaries of India (IAI) is the body that certifies and enables actuarial science experts in India to work in this field.
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Hii komal!
Can you please specify for which college or university you need to know whether seats are vacant in english and economics department or not?
Secondly you can check this yourself too if you have registered for a college and did not get admission till the rounds held by then you can check the official notification of that college or notification regarding vacant seats across different categories in various departments.
Otherwise they may notify regarding further rounds and you may wait for seat allocation till then.
Hello,
Yes, you can study both Mathematics and Economics at the same time at Miranda House, University of Delhi .
B.A. Programme (Economics + Mathematics) is available under the B.A. Programme. B.A. (Hons.) Economics is a separate honours course, and Mathematics in Class 12 is required for admission.
To be eligible, you must have passed Class 12 or an equivalent examination from a recognised board. CUET UG score is required for admission, and candidates must register on the DU CSAS portal after the CUET-UG results.
B.A. Programme (Economics + Mathematics) has limited seats, usually around 10. Previous year’s cut-off for this combination was around 95.5%.
You can pursue this combination at Miranda House, but if you want deeper mathematics along with economics, you may also check other DU colleges offering combined Economics + Mathematics courses.
Hope it helps !
No, Government Degree College (GDC) Barsar does not offer a Master's (MA) in Economics. The college provides undergraduate courses such as B.A. with Economics as a major subject. For postgraduate studies in Economics, you would need to consider other institutions that offer an M.A. in Economics.
If you're interested in pursuing an M.A. in Economics, you might explore other colleges in Himachal Pradesh that offer this program, such as Government College Chamba, Government College Dharamshala, or Government College Kullu. These institutions offer M.A. in Economics and could be suitable options for your postgraduate studies.
Hello dear candidate,
As per the official website of government college Barsar, MA in economics is currently not offered in Government college, Barsar.
I hope you find this helpful.
thank you.
Hello,
Sorry, but GDC Barsar doesn't appear to offer an MA in economics, as info about this program at GDC Barsar isn't available in the public domain. But still you can find this postgraduate degree at other institutes like Gauhati University or Calicut University.
I hope it will clear your query!!
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