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10 Top Economics and Maths Career Options
Edited By Team Careers360 | Updated on Feb 01, 2024 12:06 PM IST | #Economics
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.
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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)
1. What jobs can be related to maths and statistics?
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.
2. What are the high-paying jobs for a Maths Graduate?
Economists, astronomers, actuaries, statisticians, and Mathematicians are a few among the many high paying jobs for maths graduates.
3. What can you do after completing your Economics graduation?
You might want to take up the job of an equity researcher or analyst.
4. What is the scope of economics as a career?
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.
5. What is the scope of a financial analyst’s job in India?
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.
6. How can I get started with a career as an ‘actuary’?
The Indian Actuaries Institute offers certification courses that a candidate can pursue after completing their 10+2 in Mathematics.
7. Can I open my own business or institute after completing a degree 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.
8. How can I become a credit analyst in India?
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.
9. What is the scope of corporate law in India?
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.
10. What is the association/institute for actuarial science experts in India?
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
Have a question related to Economics ?
For an MA Economics program in various universities, you can expect to take around 20-30 practice test papers to adequately prepare for the entrance exam, including a mix of full-length mock tests and topic-specific quizzes, depending on the university's syllabus and the depth of your prior knowledge in economics.
Entrance exam format:
Different universities may have different entrance exam formats, so check the specific pattern of your desired institution to tailor your practice tests accordingly.
Syllabus coverage:
Ensure your practice tests cover the entire MA Economics syllabus, including microeconomics, macroeconomics, statistics, mathematical methods, Indian economy, and relevant economic theories.
Difficulty level:
Include a mix of easy, medium, and difficult questions to get accustomed to different question types and challenge yourself.
Time management:
Practice taking tests within the allotted time to improve your speed and accuracy.
To find practice papers go for
University websites: Many universities offering MA Economics programs may provide sample papers on their websites.
Coaching institutes: Enroll in a coaching class for access to comprehensive practice papers and study materials.
Online platforms: Several online platforms offer mock tests for MA Economics entrance exams.
GOOD LUCK!!
sadafreen356 14 January,2025
Hello Dimple ,
Here are steps you can take to become a stock analyst without a degree in banking or economics:
- Learn Basics: Start by understanding stock market fundamentals, financial statements, and investment strategies through books and online resources.
- Take Online Courses: Enroll in courses on platforms like Coursera or Udemy focusing on financial analysis and stock market trends.
- Get Certified: Pursue certifications like CFA (Chartered Financial Analyst) to boost your credibility.
- Stay Informed: Follow financial news, reports, and market movements to understand current trends.
- Practice: Try paper trading or invest in small amounts to develop your skills.
- Network: Connect with industry professionals for insights and career opportunities.
Hope it helps !
Prachi Kumari 13 January,2025
Hello,
You can access the CUET UG Economics question papers and related resources on Careers360.
We offer downloadable PDFs of the CUET 2024 Economics question papers for various sets, including Set A, Set B, Set C, and Set D. These resources are valuable for understanding the exam pattern and types of questions asked.
Hope it helps !
Prachi Kumari 13 January,2025
For your daughter to be eligible for the NEET exam , she needs to meet the specific eligibility criteria outlined by the National Testing Agency (NTA) . One of the key requirements for NEET eligibility is that a candidate must have studied Physics, Chemistry, and Biology in their 12th grade (or equivalent) as mandatory subjects.
Here's the eligibility breakdown for NEET with respect to your daughter's case:
-
Subjects in the IB Curriculum : Since your daughter has taken Biology and Chemistry at the higher level (HL) , this satisfies the requirement for Biology and Chemistry .
-
Third Science : The key concern here is that Physics is not mentioned in the subjects she studied, and NEET requires Physics as one of the mandatory subjects in 12th grade.
Conclusion :
Your daughter may not be eligible to write the NEET exam unless she has completed Physics as part of her curriculum. However, if she can provide additional proof of equivalency, or if her school offers a possibility of appearing for the Physics exam separately , you may need to consult with the NTA or the Indian embassy for further clarification regarding the IB Diploma equivalency.
If she has the required subjects and is still uncertain, it's recommended to confirm with the NTA directly or refer to the official NEET eligibility guidelines for the most accurate information.
Syed Ali 06 January,2025
Hi Saniya,
For admission to the BA Economics program at Aligarh Muslim University (AMU), having Mathematics as a subject in Class 12th is generally a requirement, though specific eligibility criteria can vary. Typically, AMU expects students to have a background in Mathematics or an equivalent subject , especially for courses like Economics.
However, it’s best to confirm with the latest official prospectus of the university or the admissions office to get up-to-date information on this requirement.
Regarding the entrance exam, BA Economics at AMU does not come under AMUEEE (Aligarh Muslim University Engineering Entrance Examination). Instead, it is usually part of the AMU's own entrance test for undergraduate courses, often referred to as the AMU Entrance Exam.
The CUET (Common University Entrance Test) is applicable for admissions to various undergraduate programs in participating universities, but AMU typically conducts its own entrance exams for admission to BA programs like Economics. You should verify this by checking AMU's admission guidelines for the specific academic year you're applying to.
To know more about BA Economics, you can check out the given link.
All the best!
gitika yadav 02 January,2025
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