Ph.D. (Mathematics)

Career Options after a Doctorate Degree in Mathematics

Employment Outlook for Ph.D. Holders?

Ph.D. Holders in mathematics are mainly catering to the education industry and due to the laws of UGC one position of Head of Department is always secured for Ph.D. holders only. As the UGC States that to conduct PG classes in Mathematics every university needs to hire a HOD who compulsorily needs to be doctorate.

Employment of Mathematician in India is prospected to grow by 23% as the surging demand of knowledge and expertise in private sector analytics firm. Although the population is less average number of new jobs being generated every year is 3000 in the period of five years.

Students Getting Ph.D. from Low and Middle range Colleges: Employment numbers for the students graduating from middle range colleges may feel crunch in getting a job but private sector can offer them better pay and opportunities. Package can also increase if they add advance computing skills and statistical tools in their profile.

Job Title

No of Employment 2014

No of Employment 2020

Change 2014-2022

Percent

Numeric

Scientist

5000

8000

60

3000

Consultant

3500

6300

80

2800

Professor

1200

2800

103

1600

Top Recruiters

Amazon

McKinsey

Goldman Sachs

Universities and Colleges

As the amount of data stored digitally is increasing the next decade and analysis will help companies improve their business process, design and develop new products and even target potential customers. The next decade is more lucrative for upcoming mathematics wizards

Fields to Work after Ph.D. Maths?

I.Expand Knowledge of Mathematics in Several areas with further research in private or government scientific and engineering Research Institutions like Tata Innovation Foundation

II.Becoming Professor or an Associate Professor in Leading Educational Institutions

III.Joining a Big Manufacturing or KPO to apply Mathematical models in increasing output and profitability

IV.Opening their own consulting firm or join government agencies as a consultant

Ph.D. Mathematics: Salary Trends

How Much a Doctorate Holders in Mathematics get paid?

The Indian market is quite welcoming for the Mathematicians, the median salary of a Doctorate holder in India is 8.14 Lacs. Median Package means that half of the Ph.D. holders have get more than 8.14 lacs and another half have get less than 8.14 lacs.

The least 10 percent have got average package of 3.5 LPA and Highest 10 percent have got 30 LPA. Private Industry always offers better pay than government agencies as the job opportunities is equal in both the sectors.

Field of Work

% Employed

Average Package

Private and Government Educational Institutions

47

16.5 LPA

Government and Private Research Labs

12

10 LPA

Manufacturing Firms

8-10

9 LPA

Consulting and Management Companies

5-6

14 LPA

Government Agencies (Ex. NSSO)

4-5

20 LPA

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