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What are the career prospects after maths honours?is it a good option?what about actuarial science? |
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Asked by akansha singhal - In Others -
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Answer (
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there are various career option after Maths(hons) from DU
- you can choose banking,finance sector as a career option
you can for higher studies like M.Sc in maths
You can go for some professional courses like MBA,MCA etc
you can join teaching as a career profession after your post graduation
You can give various exams conducted by UPSC if interested like IAS,IFS etc
Opportunities for mathematicians
Between one third and one half of all jobs requiring graduates are
open to students of any discipline. Of course, mathematicians are
eligible for these jobs. In addition, there are careers for which
a degree in mathematics is either essential or a strong advantage.
These fall into a number of general areas:
Scientific research, design and development
Large companies and government research establishments are actively
involved in research and development. They employ mathematicians and
statisticians, usually along with other scientists in interdisciplinary
research teams. The problems being solved require a flexible approach
and speedy solutions, the need being for ``best possible'' answers
in the time available. Projects of this type require high
mathematical skill, ability to analyse complex problems in order to
formulate them mathematically and to use computers in their solution
(a skill developed during mathematics degree courses), willingness to work to
deadlines, and ability to communicate findings to others.
The range of problems on which mathematicians are engaged is wide.
We give a few examples. In the aircraft industry, there is work on
aerodynamical design, providing theoretical results which predict
or complement those from (for example) experimental wind tunnels.
In pollution control, mathematicians would develop ``models''
(mathematical equations) predicting dispersal rates of chimney
effluents under different meteorological conditions. In
telecommunications, mathematicians may work on improved communications
links, computer-recognition of handwriting and speech patterns, and distortion
in digital transmission.
Management services and computing
The problems of coping with rapid changes in technology and market
conditions in large and complex organisations make it essential for
managers to call on specialist services. Management service specialists
define and investigate problems systematically. The work is often
mathematical, involving an area of mathematics known as
Operational Research. It might involve designing a more efficient
transportation programme for deliveries to a supermarket chain, or
a stock control pattern for a car franchise holder.
Computing is a major part of the work of most management services
departments. Entrants are usually appointed as trainee programmers,
but the work can be very varied, especially for employees of a company
of management consultants. Their role is to set up mathematical
models of the situations they are required to analyse, and to use
computers in the solution of the problems,
rather than just to write computer programs.
Personal qualities are especially important - tact, understanding,
ability to communicate - because in recommending action based on their work,
mathematicians can face resistance to changing familiar methods and practices.
Financial work
In recent years, up to half of all mathematics graduates have taken
up a career in finance.
Accountancy
Firms of chartered accountants - the main employers - do not normally
specify degree disciplines of entrants. They are particularly keen
though to recruit mathematics graduates, because of their numeracy
skills and logical thought, and because they are normally very
successful in the professional examinations (on average, more so than
accountancy graduates!).
So to become an accountant,
you do not need to take a degree in accountancy.
A mathematics degree allows many openings in accountancy, should you
wish to follow them after graduation, as well as all the other opportunities.
Actuarial work
This has long been a popular field for mathematics graduates. The work
involves the application of probability and statistics to financial
affairs such as life assurance, pensions and social security, so a
degree involving a substantial proportion of these subjects is desirable.
Traineeships occur with life assurance companies and insurance
companies as well as with actuarial consultants. Career and salary
prospects for those with managerial and commercial potential are
excellent.
Other openings in finance
There are some opportunities in banking, particularly with the
head offices of major banks, or with merchant banks. Mathematicians
have frequently been successful candidates for the Tax Inspectorate.
Statistical work
We have already discussed one aspect of work undertaken by statisticians
- the work of an actuary.
In addition, statistical work is carried out in many organisations -
the Civil Service (economics and agriculture in particular), research
establishments, large industrial firms and commercial concerns (e.g.
market research agencies).
The work is varied, depending on the activities of the employer. In the
Civil Service and in research establishments (government and industrial),
statisticians work on design and analysis of experimental projects.
In industry, the work may involve quality control, where statisticians
collaborate in designing procedures for testing and in assessing
the results of the tests. Statisticians employed by market research
and advertising agencies will be involved in survey design and evaluating
responses.
Teaching
This is a career which
is crucial for the future well-being of society, because of the
central role which mathematics plays in many aspects of life.
Graduates take a one-year postgraduate certificate specialising in
either the primary or the secondary sector. To maintain the stock of
mathematics teachers in schools, about one quarter of all mathematics
graduates need to enter the profession. This is approximately
happening in Northern Ireland, whereas
in England and Wales in recent years,
less than 10% of mathematics graduates have entered the profession, and
this had led to a serious shortage of (and hence many openings for)
teachers of mathematics.
Openings also occur in Colleges of Further Education. Openings in higher
education are at present very limited. However, the age structure of
university staff is such that from the year 2000, openings will start
to occur more frequently. A Ph.D. is normally a minimum qualification
for such a post, perhaps with a couple of years post-doctoral
experience as well. So present-day sixth-formers may find that there
will be opportunities for them in the future.
Postgraduate study
A sizeable proportion of graduates choose to continue for higher
qualifications before entering the world of work. Taught Masters'
courses may develop specialist interests based on work undertaken
in a primary degree, or they may provide concentrated study in a new area
of interest. Frequently, they are chosen by graduates with particular
careers in mind.
The most common research course lasts three years and leads to the award
of a Ph.D. A good honours degree is normally required for entry to
such a course. The course provides training in the fundamental
processes of research and so is particularly useful for those
aiming to work in industrial research.
Finally
A degree in mathematics does not train you for a specific job. Rather
it gives you a range of skills which enable you to enter any of a
wide range of careers. It is therefore a versatile qualification.
By taking a mathematics degree, you are able to make your career
choice when you are 21 rather than when you are 18. Your
aspirations may well have changed during the intervening years.
Moreover, you will have a clearer understanding of the work you would be
doing and you will have been able to talk with representatives of
the companies who will wish to employ you. Three years at a university
will broaden your horizons in many ways. There is no need to narrow
your career horizon while you are still at school unless you so wish.
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| Reply by gupta - 596days 20hrs 56mins 36secs ago |
Votes of this Answer: 133 votes
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