Demand for Mathematical Skills

In previous years, those trained in mathematics used to serve either in research institutes or academics. Since then the avenues open for mathematics graduates have multiplied fast. Mathematics is a pre-requisite for most of the digital jobs and technology jobs.

In the new world technologies, we learn artificial intelligence, machine learning, big data, cyber-security and data science. All these fields require a strong foundation in mathematics.

Mathematics graduaties are very much in demand in the financial sector. They work on financial modelling. They do the quantitative work. The fixed income and derivatives pricing is one such area. Then there is projection of cash flows. There is risk analysis.

In the finance sector, those working in quantitative field must have knowledge of probability, functional analysis, algebraic geometry, topology, algorithms, linear algebra and statistical methods.

There is a demand for maths graduates in the field of forecasting. They run time series models and regression. They help in compliance with regulatory aspects.

Data scientists are a big help in analytics in corporates. They have good mathematical and programming skills.

In digital marketing too, we require candidates with a good knowledge stats and maths.

India’s IITs have increased the intake in maths courses. Chennai Mathematical Institute (CMI) produces good maths graduates. Indian Statistical Institute (ISI), Kolkata provides good stats graduates. They are good at running statistical tests. There are courses of pure maths and applied maths these days. Despite all this, HR managers find there is gap between skill sets of a fresh graduate and the kind of analysis job he/she is expected to perform.

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