Salary of M.Sc in Mathematics: Various Job Roles & Opportunities [2024]

Top Ranked Colleges for MSc Mathematics in India

The historical significance of mathematical education in India is a widely known fact. Home to pioneering scholars of mathematics like Aryabhatta, Brahmagupta, Gargi, Katyayani, and Ramanujan, India has witnessed huge development in higher education in mathematics in India and continues to advance in further enhancing mathematics education. 

When talking about the top-ranking colleges for MSc Mathematics in India, components like interdisciplinary curriculum, alumni success rate, strong connections in the industry, as well as research facilities are taken into consideration. These components lay the foundation to foster a greater learning environment.

Further, we shall look into some of the top-ranked colleges for MSc Mathematics in India:

1. Hindu College

• Overview

  The Mathematics Department at Hindu College is recognized as one of the top departments in the University of Delhi for pursuing Mathematics. It prides itself on having a dedicated and successful faculty, a dynamic atmosphere for creativity, and impressive student achievements. 

• Key Highlights

  Annual Flagship event Alpha, Annual Publication - Annulus

• Key Courses

  Advanced Fluid Dynamics, Cryptography

2. Miranda House

• Overview

  The Mathematics Department at Miranda House is amongst its oldest departments, since the foundation of the college. The department boasts of higher academic excellence as well as institutional facilities of experienced faculty. The department thrives due to its diligence towards enhancing the learning experience. 

• Key Highlights

  Sankhya ( Mathematics Society )

• Key Courses

  Advanced Complex Analysis, Methods of Applied Mathematics

3. IIMS ( Institute of Mathematical Sciences )

• Overview

  The Institute of Mathematical Sciences is a renowned research institute in India, offering research programs in various disciplines. Research aspirants often deem this institute among their top priorities owing to its dynamic curriculum and mathematics department.

• Key Highlights

  Research seminars, Workshops, JRF Program

• Key Courses

  Functional Analysis, Geometry and Topology

4. BITS Pilani

• Overview

  The MSc Mathematics program at BITS Pilani largely focuses on the development of core mathematical skills through its dynamic and flexible degree options. The course boasts skilled faculty, a higher student success rate as well activity-based learning.

• Key Highlights

  Dual Degree Program, Practice School Program

• Key Courses

  Thermodynamics, Probability and Statistics

5. Madras Christian College

• Overview

  The Department of Mathematics of Madras Christian College is a historical educational department with over 100 years of existence and prominence. With a track record of academic rigor, student support, and a successful alumni record, this college is amongst the top-ranked colleges for MSc mathematics.

• Key Highlights

  Blend of Pure mathematics and applied mathematics

• Key Courses

  Functional Analysis, Complex Analysis

6. St. Stephen’s College

• Overview

  The Mathematics Department at St. Stephen’s College attracts motivated individuals each year due to its academic prestige. With its diverse and rigorous curriculum, it offers students all-round learning. The department focuses on interactive events, programs, and experiential learning through learned and experienced faculty.

• Key Highlights

  The Mathematics Society, Semester events: Guesstimate

• Key Courses

  Mathematical Programming, Dynamical Systems

Top Industries Where MSc Mathematics Graduates Can Work

The demand for MSc Mathematics graduates in India can be seen across a vast range of industries and sectors owing to their mathematical acumen and quantitative analysis skills. This has given a growth in options for jobs after MSc in math. 

Below is a list of industries wherein we can deep dive into the scope for job opportunities after MSc in maths:

1. Banking and Finance

With an MSc in mathematics, you can find work employment in the Banking and Finance industry with roles such as an analyst in risk, credit, and finance departments. You can even explore profiles of portfolio management and investment banking if you amass the equivalent experience and upskill yourself.

Take a look at these online fintech courses by upGrad and set yourself apart with advanced skills. 

2. Public Sector 

The government sector hires mathematics majors in the fields of research, administration, defense services, accountancy, treasury management, and even economics. However, you need to align yourself with the specific requirements of these job opportunities after MSc in maths and compensate for any missing experience or skill set by pursuing relevant courses and internships.

3. Statistics 

Data scientists and statisticians have both formed some of the most hotshot careers in India. With data science courses being integrated into academic curricula, these fields see a surge of professionals. This sector is highly rewarding once you obtain the right skills and experience.

Check out these free data sciences courses from upGrad to get a kickstart in transforming your career. 

4. Consultancy

The Consulting sector hires MSc Mathematics majors who are adept at analysis, risk analysis, and management, all of which require skills with large number sets and analytical acumen.

5. Academia and Research 

Mathematics professors and school teachers are one of the most popular professions undertaken by mathematics majors. After the right training in education studies, school teachers and professors can apply for job opportunities after MSc in maths in various educational institutions.

Similarly, mathematics researchers are hired by research and development firms, universities as well as scientific institutes.

6. IT

Did you think mathematics will not make you eligible for a career in IT? The answer is: Yes, a mathematics MSc opens doors to the IT industry. Fintech companies also recruit mathematics majors for roles in statistics and data analysis. 

7. Accounting

Being interrelated domains, mathematics majors are often hired for roles in the accounting sector. These roles may be in treasury management, financial planning, as well as executive positions. It is preferable to upgrade learning in this domain by equipping yourself with relevant courses and skills.

If you are interested in the accounting profession, here’s a course on Financial Modelling and Analysis in association with PwC India to level up your game. 

8. Healthcare

Being one of the fastest-growing industries, the healthcare sector seeks MSc Mathematics graduates for roles in market research, data analysis, budget management, medicinal research, and even risk analysis. These areas require skilled professionals in mathematical abilities.

Conclusion

In this text, we explored the varied fields and domains where mathematics majors can work. We looked into how mathematics as a field has its implications well rooted in a multitude of job opportunities after MSc in maths and potential for a high amounting salary in India.

However, we must reiterate the importance of seeking out additional opportunities to facilitate professional growth. People aspiring to establish a successful career in mathematics should enrich themselves with extra knowledge and skills. Doing so can greatly determine your hiring chances, and polish your profile.

Once you explore what area you are interested in, you can begin by completing online certification courses in addition to your academic degree. Such measures of e-learning facilitate the provision of learning from anywhere and are even recognized by top-notch institutes.

To further find out what courses you’d like to undertake, you can explore our online courses and talk to our expert counsellors for a wide range of options and find the right fit for yourself.