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Math is one of the highest paying subjects if it is studied thoroughly. A graduate degree in mathematics opens diverse gateways to candidates. Most importantly, math graduates are needed in the entire world - not just in any specific country. Math graduates are equally needed in developed countries as well as in developing ones. Take a look at some of the best career options for math graduates in UK.
Salary: £44,000 to £50,000
Statisticians are engaged with research and they have to handle a wide range of data. Companies and countries need statisticians to understand a trend. Based on this trend, upcoming policies are made. So, it's not very difficult to understand that statisticians perform a complicated and very important task using statistical models on probability, regression, differential equations, and much more. Even a minor mistake in their calculation can spoil the progress here.
To become a statistician, a standard graduate degree in mathematics along with a specialization in statistics is essential. Equivalent diplomas or major studies are equally accepted.
Salary: £25,000 to £
Data scientist is one of the fastest-growing careers for math graduates. Data usage of people has increased drastically over the last few years and here increases the responsibility of the data scientists to a great extent. Data scientists work with different types of data and use engineering and statistical tools to provide a specific solution for the business organisation.
To become a data scientist, a mathematical degree along with a full-length course on business analytics helps a lot. Some companies accept short-term diploma programs on data analytics or business analytics too.
Salary: £35,000 to £60,000
As digital transaction is increasing rapidly now, cryptography is completely in. Naturally the cryptographers are in demand in most of the developed and developing countries. Along with securing information, skills in different computer program and language is needed for this position.
To become a cryptographer, a graduate degree in math along with a computer science or computer application diploma or full-length course is essential.
Salary: £21,000 to £23,000
Financial planners engage in market research, trend analysis, and other complicated modeling. By analysing all these, they have to pass a decision to the firm that helps them in meeting their goals. These plans are growth-related and the economy of the firm is directly dependant on this planning.
A math graduate must hold a diploma or major in financial accounting or planning to get the job.
Salary: £25,000 and £40,000
Actuaries calculate the risks of a business organisation based on the probability. Risk management is one of the most essential parts of any business and only a proper risk management plan helps the company to obtain success. No matter, how developed a company is - it always includes some risk. Actuaries help the companies to plan so that the possibilities of risk occurrence reduced. Also, based on their experience and knowledge on mathematical models, they recommend successful risk management plans.
To get a position of actuary, a math graduation degree along with statistical or MBA specialization is needed.
Salary: £25,714 to £36,961
This traditional position is here to stay forever. Teachers are the people who shapes a generation. Currently, teaching professionals have some major changes in their teaching techniques. They have started using online teaching tools and various gadgets to become familiar with remote teaching. But math teachers have a very high demand in almost all the countries.
To become a math teacher, a graduate or postgraduate or Ph.D. degree is essential. Plus, training on teaching techniques and pedagogy is sometimes essential.
Average Salary: £79,030 to £82,506
Just like math teachers, math professors too have a very high demand in different universities. Actually, each year a huge number of students opt for studying mathematics majors or engineering or other degrees related to math. To guide these students on the right path, professors play a vital role. Responsibility of the professors is to instruct the students in their studies and encourage them in research. Also, helping students with different methodologies and theories to develop personalized solutions is another responsibility of the professors.
To become a math professor, a postgraduate or Ph.D. degree is essential. Having a related diploma and experience in research studies also help a math professor.
Therefore, it seems that a math graduate must have done a major in economics or finance or business studies or hold an engineering degree will hardly struggle to get a job. But to get such placements, candidates have to learn math constructively, that too from the grassroot levels. To pace up this process right from the high school level maths, an excellent guidance is required. Online math tutors can help the candidates a lot in this matter.
Salary Details Are Taken From: Prospects.ac.uk
Rachita writes the blogs for LearnPick UK and as a content writer, she holds 5+ years of experience as a professional. She considered herself to be lucky enough to convert her passion for writing into a full-time profession. Rachita is a music lover, a bookworm, a foodie (specifically desserts), and an amateur guitarist who tries for bettering her skills.
