PhD Mathematics Career Opportunities

PhD holders in mathematics are primarily serving the education industry and under the UGC rules, one position of Head of Department is always secured for PhD holders only. As per UGC, to conduct PG classes in Mathematics every university needs an HOD and he or she compulsorily needs to be doctorate.

The increase in employment of Mathematicians in India is predicted to be 23%, as there is a high requirement for understanding and skill within private sector analytics firms. Even if the population is less, on average 3000 new jobs are created every year during a span of five years.

Here are some of the top career options after a PhD in Mathematics in India:

Academia and Research

• Become a professor at a university or college. There is great need for PhD Mathematics graduates to work as professors, having average salaries of INR 4 LPA. A PhD is needed according to UGC regulations to be Head of the Mathematics Department.
• Conduct research in government or private research institutes such as Tata Innovation Foundation. About 12% of PhD Mathematics graduates work in labs with an average salary of INR 10 LPA.
• Instruct at coaching centres such as T.I.M.E., aiding students in getting ready for tests like the Civil Services Prelims.

Private Sector Jobs

• Be employed at Amazon, McKinsey, Goldman Sachs, Genpact Walmart, Deutsche Bank and Johnson & Johnson as a Data Scientist or Quantitative Researcher or Operations Research Analyst.
• Salaries in the private sector are bigger, with the top 10% of PhD Mathematics graduates making up to INR 30 LPA.

Government Jobs

Work in government jobs such as census officer, economist or consultant for agencies like NSSO. These types of positions are filled by around 4-5% of PhD Mathematics graduates with average salaries around INR 20 LPA.

Other Roles

• Do job of gathering data, study trends and give understanding to business leaders as market researcher for businesses.
• Start a consulting company that uses mathematical models to enhance business operations and financial outcomes.

Jobs in this field are expected to increase by 23% over the next ten years. This rise is because many industries will need more professionals with strong skills in data analysis, including finance, healthcare and technology sectors. Moreover, the average yearly salary of a person who has obtained their PhD in Mathematics from India is INR 8,14,000 LPA.

Some of the top job possibilities after your PhD Mathematics course are mentioned below:

Here are some key points regarding salary trends for PhD Mathematics course:

• In India, the median salary of a PhD holder in Mathematics is 8.14 LPA. The least 10% earn an average package of 3.5 LPA while the highest 10% earn 30 LPA. Private industry always offers better pay than government agencies
• For freshers, the average starting salary is around INR 7 lakhs per year. Salaries rise with experience, reaching INR 12-15 lakhs for those with 5+ years of experience.
• In the private sector, mathematicians with a PhD can earn between INR 7-8 lakhs per year on average. Roles in fields like data analysis, business analytics, and investment banking often pay well.
• For academic roles like college professors, the average salary range is INR 6-15 lakhs annually. Professors in cities like Bangalore, New Delhi, and Mumbai tend to earn higher salaries
• Statisticians with a PhD in Mathematics can expect an average salary of INR 6-8 lakhs per annum. Their skills are in demand across industries.