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.
Read more: 10 Best Career Options After B.Sc Mathematics
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.
Top Providers Offering Mathematics Courses & Certifications
- NIOS Mathematics Courses & Certifications
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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.
Top Providers Offering Economics Courses & Certifications
Frequently Asked Questions (FAQs)
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.
Economists, astronomers, actuaries, statisticians, and Mathematicians are a few among the many high paying jobs for maths graduates.
You might want to take up the job of an equity researcher or analyst.
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.
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.
The Indian Actuaries Institute offers certification courses that a candidate can pursue after completing their 10+2 in Mathematics.
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.
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.
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.
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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Questions related to Economics
If your primary goal is to prepare for the UPSC, then doing a 3-year B.A in Economics would likely be a better choice than a 5-year BA LLB, especially considering your commerce background.Economics is a major component of the UPSC syllabus, both in the General Studies papers and as an optional subject. A dedicated economics degree will provide a deeper understanding of economic concepts and theories, which will be directly applicable to your UPSC preparation.
Take help from the link to know about b.a economics colleges admission etc.
No, Business Economics and BBA are not the same course. While both are related to business and economics, they have distinct focuses.
Business Economics is a specialized field that applies economic principles to business decision-making. It involves analyzing market trends, consumer behavior, and industry dynamics to inform strategic planning and operational efficiency.
BBA (Bachelor of Business Administration) is a broader degree program that covers various aspects of business management, including finance, marketing, human resources, operations, and strategy. It provides a comprehensive understanding of business principles and practices.
Here's a table to illustrate the key differences:
| Feature | Business Economics | BBA |
|---|---|---|
| Focus | Economic principles applied to business | Broad range of business functions |
| Career Paths | Economic analyst, consultant, policy analyst, financial analyst | Manager, entrepreneur, consultant, marketing specialist |
| Coursework | Microeconomics, macroeconomics, econometrics, business statistics | Accounting, finance, marketing, human resource management, operations management |
While Business Economics can be a specialization within a BBA program, it's important to note that they are distinct fields of study.
Hello,
You can find Maharashtra Board Class 12 July 2024 question papers for subjects like Accountancy, Secretarial Practice (SP), Organization of Commerce and Management (OCM), and Economics online. These papers are available for download in PDF format from various education platforms. You can access subject-wise papers and solutions, which will help in exam preparation.
Hope this helps you.
Hello aspirant,
Here below I am providing you with the name of some of the colleges:
- MAKAUT - Maulana Abul Kalam Azad University of Technology
- Institute of International Trade - IITRADE
- UEM Kolkata - University of Engineering and Management
- Kingston Educational Institute
- The Heritage Academy
Thank you
Hello aspirant,
Here below I am providing you with the name of some of the top colleges:
- Christ University
- S ymbiosis Centre for Management Studies (SCMS), Pune
- The University of Delhi
- Indian Institute of Management Indore
- St. Xavier's College
- The Department of Management Studies, IIT Delhi
Thank you
Hope it helps you