Mathematics is one of the most critical subjects one can learn in life. Even without realizing it, we use various mathematical concepts and skills every day. Besides, skills like reasoning, abstract thinking, creativity, critical thinking, problem-solving, etc. are nurtured by mathematics. Along with it, mathematics has deep roots in nearly every industry, that is why various public as well as private sector organizations hire mathematicians from top M.Sc statistics colleges in Pune, or elsewhere. This helps them handle data and strategize sustainable business models to stay ahead in cut-to-throat competition in today’s ever-changing world.

How to pursue a career as a mathematician?

To pursue a career in mathematics, one needs to study M.Sc in statistics.

What is M.Sc in Statistics?

M.Sc in Statistics is a full-time two-years mathematics postgraduate degree. In it, students get in-depth knowledge of mathematics, social sciences, finance, economics, among others.

What are career prospects after completion of M.Sc in Statistics?

Mathematics has in roots in nearly every domain, so there are a wide variety of options that one can pursue after completing M.Sc in Statistics. Some of these options are mentioned below-

Quantitative Risk Analyst

The primary responsibility of a quantitative risk analyst is to apply the mathematical and statistical method to solve financial as well as risk management problems. Along with it, they develop and implement complex financial models that are used to make decisions on investment, pricing, etc. by financial institutions. A quantitative risk analyst earns around 3.5 - 6 lacs per annum in India.

Treasury Management Specialist

A treasury management specialist is also known as a cash management specialist. Their primary task is to help an organization increase profits by assessing periodic liquidity needs, investing excess funds in capital markets, and determining funding sources. On average, an treasury management specialist salary is around 5-8 lacs per annum in India.

Quantitative Developer

A quantitative developer is someone who with the help of computer programming, develops trading infrastructure for investment banks. Their salary ranges from 6 lacs to 8 lacs per annum in India.

Statistician

Statistician helps in solving real-world problems that businesses, industries, academia, and the government faces with formulae and data. They do this by analyzing the data and applying various techniques of mathematics, as well as statistics. In India, a statistician average salary is around 5-8 lacs per annum.

Conclusion

The importance of mathematics cannot be underestimated; without it, the world may not function properly. This is the reason why mathematicians from best colleges for M.Sc statistics in India, or elsewhere, are given lucrative salary packages.