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What are the career prospects after maths honours?is it a good option?what about actuarial science?
Asked by akansha singhal - In Others -
 
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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:

  1. 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.



  2. 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.



  3. 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.



  4. 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.



  5. 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.



  6. 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.

Reply by gupta - 596days 20hrs 56mins 36secs ago
Votes of this Answer: 133 votes

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