What Jobs Can You Get With a Mathematics Degree?

Home » Blog » Scholarships by Major » Mathematics Scholarships » What Jobs Can You Get With a Mathematics Degree?

What Jobs Can You Get With a Mathematics Degree?

If you have studied mathematics in college, you probably want to know what jobs can you get with your degree. The field is huge and reaches across all areas of society. You can work as an analyst for any complex system, including health care, finance, marketing, and even entertainment. You can use your skills to compress data for streaming movies. You can also become a researcher, a consultant, or a software developer.

If you have studied mathematics in college, you should explore the possibility of postgraduate study. Graduates can apply their knowledge in many fields, including medical statistics in pharmaceutical companies, meteorology, engineering design, and academia. Most finance-related careers require further study while you are employed. As an actuary, you’ll need to complete additional training while working or you can self-study. If you’re looking for a research-oriented job, you should consider a doctoral degree.

1. Mathematics majors can find jobs in finance, banking, and insurance

Mathematical skills are critical for financial careers and the demand is growing as the world becomes more globalized and interconnected. Mathematics majors can find jobs in finance, banking, and insurance.

Since businessmen are interested in the money they earn, loss and spend, it would not be impossible to say that maths is important in finance. Understanding financial statements can be made easier by maths.

You can also work in insurance if you want to use your mathematical skills to help people. In insurance, you would be responsible for calculating the risk of an event happening and then charging the customer an appropriate price.

The most popular undergraduate degree is a Bachelor of Science (BSc) with mathematics major or combined major in mathematics with another subject such as economics or statistics. It will provide you with an understanding of how mathematical principles apply to real-life problems across all areas of business activity from sales forecasting to risk assessment. You’ll also gain experience solving equations by hand and using computers – both essential skills for any career that involves math .

2. They can also work in marketing analytics or data analysis for companies like Google or Facebook

Data scientist, mathematician and big data expert are some of the most in-demand jobs that can be found right now. Many companies like Google or Facebook need mathematicians with a strong programming background for their analysis of huge amounts of data in order to sell more ads and offer better services.

Math majors are less likely to specialize in data science compared with other subjects. This means that they will have a broad training in statistics, mathematics and programming that can put them on an equal footing with graduates who major in computer science or information technology.

The subject of your degree is less important than the skills you gain while studying it. Employers are looking for people who are smart, logical and creative.

3. Actuary is another popular career path

The job of an actuary involves the study of the financial consequences of risk, particularly life risk and health risk. It deals with mathematics that deals with probability, statistics, finance and money management. Statistical analysis is important because it is used to determine the probabilities of risk.

Actuaries are highly skilled in mathematics and are well paid. They make an average salary of $101,440 per year .

The demand for actuaries is also great since more companies are expanding their business leading to more open jobs. The benefits that they offer are also competitive with other careers in finance.

The Bureau of Labor Statistics (BLS) notes that actuary is one of the best jobs in America . It has a projected growth rate of 18% for years 2012-2022, which is faster than average for all occupations. They also earn high salaries with an average yearly wage of $101,440 in May 2013.

4. STEM and Maths

If you major in mathematics, it would be logical to think of a career in another STEM field. Hence, this will give you an advantage when applying for jobs and also the fact that people who work in these subjects use mathematical skills daily.

Math can help with computer science by creating algorithms and coding. It is useful for physics since it includes equations that would help people work on the technology of lasers and other equipment.

Engineers use math when building new products such as cars, smart phones ,and drones. Math is also used in mathematics education to teach students how to solve problems and think critically .

Math majors can also become elementary school teachers if they wish to earn a moderate income. There are also many opportunities to teach math in public schools.

5. Teaching

Getting a math degree from a reputable college would also prepare you to teach at universities. You will have the necessary knowledge and skills that are needed in order to be successful as an instructor of your subject.

As a teacher, you can earn average salaries ranging from $43,000 to over $100,000 depending on the grade level and college that you teach at.

Read more: Top Math Websites for Students

6. Career in space exploration

Space exploration is another career prospect for math majors. They will use the skills they have to design new spacecrafts, analyze photos and data from space, monitor risk factors in space travel, and many more.

Companies like SpaceX and Nasa are looking for excellent mathematicians who can help them in their projects.

7. AI Research Scientist

Artificial Intelligence or AI is a technology that is being improved to make systems capable of thinking and reacting like humans. The skills required for this job are math, programming, and statistics. It focuses on developing computers that can function autonomously without human input.

AI research scientists use their knowledge in mathematics to create algorithms that would be used by computers. They would write these codes by using programming languages like Python, Java, and C++ .

Their work involves creating designs for robots that can perform tasks such as driving cars, drones, and other automated devices. They also investigate new ways on how AI can be used in the future.

They then analyze data that they receive from these machines using statistical tools to see if they can improve on their algorithms.

8. Academic research scientist

You can also become mathematics research scientist if you are interested in pursuing a career that is related to the STEM field. They use mathematics in their work to help them understand different phenomena and solve problems.

Some of the research topics that they can investigate include climate change, earthquakes, population growth, voting patterns, genetics, economics, public policy ,and many more.

Mathematics research scientists work as professors, postdoctoral fellows ,and researchers in government laboratories and universities.

9. Actuary

Another job that is open to mathematics majors are actuaries . These are professionals who help companies calculate the amount of risk involved in insuring different kinds of people or assets. They also have skills in statistics that will be useful for their day to day tasks.

An actuary’s responsibilities may cover different fields such as finance, investments, insurance ,and healthcare. They are often hired because of their skills in math since the job involves making computations and using statistical tools.

10. Financial analyst

Many mathematicians work in financial firms to solve problems in finance or advise clients who wanted to invest their money. They use mathematical methods in determining the risk factor of different investments, help clients develop financial plans that meet their needs ,and give advice on whether to buy or sell certain assets.

Mathematical finance involves statistics, data analysis, and numerical computations. There are also many colleges that teach courses related to the subject.

11. Quantitative trading analyst

In finance, there is a job called quantitative trading where you will use advanced mathematics to figure out the best strategies in investing. It involves gathering data from markets and creating mathematical algorithms that can be used by companies to maximize their profits .

Quantitative analysts construct algorithms that would help them capture opportunities or hedge against risks. They often work closely with traders to implement their strategies in the market .

12. Financial risk manager

The job of financial risk managers is to help companies control or minimize risks that are involved in daily business operations. They use mathematical techniques along with other skills such as statistical modeling and database management.

Risk managers will help identify possible threats, assess different scenarios, and come up with solutions before any damage is done. They are the people who would determine the risk level of lending money to a certain client or whether it’s safe to give them a loan.

Mathematical models are often used by financial risk managers to figure out these types of risks. It involves using statistical techniques, financial engineering, and time series analysis.

13. Medical statistician

A career as a medical statistician is open to those who are interested in working with data and helping out doctors with their diagnosis. They use mathematical models and statistical tools such as Bayesian networks, linear regression, and Markov Chains .

It’s the responsibility of a medical statistician to ensure that clinical trials for new drugs follow the proper guidelines set by the FDA. They often work with clinical trial coordinators to design studies that can be useful for their purposes.

Medical statisticians also act as consultants who would help clinicians interpret different types of data such as patient records, medical imaging ,and genomic information.

13. Actuarial Science Professor

Mathematicians who want to teach and do research can become college professors. They usually take advanced courses such as calculus and statistics to prepare for their careers .

Actuarial science is a course that you can take to learn more about the profession and what you need to know. It would be easier if you took higher level mathematics classes before pursuing this career path since it involves working with difficult equations and concepts.

Some of the mathematical courses that you can take are calculus, differential equations, discrete mathematics ,and advanced statistics. This will give you an edge in your career as a professor since it will be easier for you to teach students who are taking these classes.

14. Freelance Writer in Maths

If you enjoy writing and have a passion for mathematics, it’s possible to make a living by working as a freelance writer. There are people who hire writers to create content for websites or write articles that can be published online .

In order to get paid from writing about mathematics, you need to know how to solve difficult problems and often explain them in a clear concise language. You will need to have excellent research skills as well so you can gather data from different sources online .

A freelance writer in maths is expected to be knowledgeable about various topics such as algebra, geometry, calculus ,and statistical analysis.

Read More: Women in Mathematics Scholarship

15. Mathematician for Social Science Research

It’s not just researchers and analysts who would benefit from data in social science .

Mathematicians can use statistics software to help them present their research in a persuasive way. They also create mathematical models that can be applied in solving social problems such as poverty, healthcare, or climate change .

It will become easier for mathematicians if they know advanced statistical techniques like multi-level modeling, Bayesian statistics ,and causal inference. They also need to have good communication skills since they have to present their findings in a clear understandable way.

16. Maths Tutor

A maths tutor is hired by students who need additional help with their mathematics lessons and concepts. Since they will be in charge of teaching lessons, they should also know different methods in solving complex problems .

Mathematics teachers can gain more job opportunities if they have a degree in their field or took higher level mathematics courses such as statistics and calculus. Other job positions that you can apply are teaching assistants and university lecturers.

Another sign that you’re talented in maths is having your work published in mathematics journals . This is why publishing scientific papers in academic journals is a common requirement when applying for colleges or universities.

You may also be able to find work if you have an impressive list of achievements in mathematics competitions like the Mathematical Olympiad. It’s also important to attend seminars and conferences in the field where you can network with people who share your interests .

17. Mathematician for Gaming

If you love playing games, there’s a chance that you’ll enjoy working as a mathematician in gaming . You can get a job in the gaming industry if you have a degree or diploma in mathematics or computer science.

Careers that you can get are data analyst, business intelligence officer, and data miner . They will help develop online games based on mathematical concepts such as probability. If you enjoy playing casino games like slot machines and roulette, it’s easy to see how mathematics is applied .

18. Sports betting mathematician

If you’re a mathematics major and love betting on sports, it’s possible to get a job as a sports bettor. Working in this industry will require knowledge about statistics and probability since you will need to assess the chances of winning. You also have to know different methods in predicting results such as analysis, simulations ,and algorithms.

It will be best if you can also use data mining and machine learning so you can take advantage of the latest techniques in predicting sports events. You must have excellent communication skills as well since you’ll be interacting with people from different backgrounds .

19. Theoretical Scientist

Theoretical scientists work on theoretical problems in mathematics, physics ,and computer science . They usually need to prove theorems and resolve unsolved problems by using logical proofs.

A job position that you can apply is mathematical physicist where you will be able to use your understanding of calculus in order to help companies solve complicated physical problems .

20. Fraud and Risk Manager

Fraud and risk managers are responsible in detecting any financial irregularities. They will use their knowledge of probability, statistics, and mathematics to ensure that companies don’t lose money due to unforeseeable circumstances.

They should be able to identify the shortfalls of the company by comparing it against competitors . This means using mathematical equations so they can measure how much profit is expected.

They will be the ones who will recommend measures to improve financial performance such as cost optimization, training employees on proper protocols ,and hiring new people. They also work closely with security personnel to prevent any leakage of company information .

What can you do after 1st college degree

After completing your degree, consider continuing your education. If you have a bachelor’s degree in mathematics, you can also earn an associate, bachelor’s, master’s, or doctoral degree. You can also opt to get an advanced degree or a postgraduate certificate. Online schools allow you to work from your home or on the go, and often offer flexible schedules. You can choose to take courses online or in a traditional campus, but you must be sure that you are ready for an advanced role in the field of mathematics.

How to Improve Resume

Besides bolstering your resume, you can also get an advanced degree. There are a number of ways to continue your education. You can participate in online courses or take up fellowships. There are several MOOC sites and even free online universities that offer online courses. You can complete some of these courses for free, and some even grant certificates or badges. If you are interested in research, consider applying for an academic fellowship, which will further your research career. For example, the American Mathematical Society provides fellowships that will give you the opportunity to work in a lab, which will give you more time to pursue your studies.

Advanced Education in Mathematics

Getting an advanced degree is the best way to make your career more relevant to your math degree. An advanced degree will enable you to pursue more opportunities and earn a higher salary. If you’re looking for a high-level position in the field of mathematics, it’s important to consider your educational goals. There are many options to advance your education, so make sure you look at the different possibilities.

Having a master’s degree in mathematics is a great way to advance your career. Obtaining a graduate degree will also give you the chance to further your education. There are also various ways to further your career. One of the most common ways to further your career is to complete an internship in math. It will help you get more experience in the field. If you’re passionate about research, you should consider a PhD program.

Read more: Top Mathematics Universities in the World

About the author

Indu has been educator since last 10 years. She can find all kind of scholarship opportunities in the USA and beyond. She also teach college courses online to help students become better. She is one of the very rare scholarship administrator and her work is amazing.