What Can You Do with a Mathematics Degree?
Do you enjoy solving complex problems and number crunching? If so, mathematics – or math – could be a great career option to pursue. Once you earn a mathematics degree, this opens up the possibility of various job roles – including everything from a research analyst to a teacher.
This guide will explore these career paths, including the earning potential available.
Should I pursue a mathematics major?
Having a love for mathematics is one thing. However, you also need to be passionate about the type of day-to-day work involved in mathematics careers. Professionals typically have to utilize financial theories, statistics, and math to solve complex issues. This means you need to boast strong mathematical, problem-solving, and communication skills.
These skills are enhanced during the process of earning your degree. You will also gain various other transferable skills due to the work involved with a mathematics program. These include:
- Critical thinking
- Time management
- Quantitative reasoning
What can I do with a mathematics degree?
As you would expect, there are many different career routes for those who possess a bachelor’s in mathematics. Listed here are some of the most popular jobs with a mathematics degree.
One of the most obvious career paths for those with a mathematics degree, a mathematician, is someone that researches to expand on existing knowledge in various mathematical-related fields – including geometry, logic, and algebra. Other tasks can include applying mathematical reasoning to issues relating to work and everyday life.
According to research conducted by the U.S. Bureau of Labor Statistics, the average annual pay for mathematicians and statisticians is $92,030. Even more impressive is the job growth for this field – between 2019 and 2029, there’s an anticipated 33% increase in the need for mathematicians and statisticians.
Operations research analyst
An operations research analyst is tasked with utilizing advanced analytical and mathematical methods to solve complex problems. They can work in a wide variety of fields, including logistics, business, and healthcare.
The median yearly wage for an operations research analyst is $84,810. Based on studies by the Bureau of Labor Statistics, this profession is expected to increase in demand by a massive 25% between 2019 and 2029.
An actuary is responsible for performing an extensive analysis of data, which is done to assist insurance companies in decreasing risk exposure. To do this effectively, the actuary uses statistics, mathematics, and financial theory to investigate the economic costs involved.
When looking at it from a mathematics salary point of view, actuaries are among the best-paid professions for those with a bachelor’s. The Bureau of Labor Statistics has noted that the average annual pay for an actuary is $108,350. Additionally, the outlook for the profession appears healthy, with demand for professionals anticipated to go up by 18% between 2019 and 2029.
In general, an accountant will examine and prepare financial records. Their tasks also include identifying potential risks and opportunities, ensuring taxes are paid properly, and offering financial solutions when needed. An accountant can work in-house for a business or handle multiple individual clients.
The Bureau of Labor Statistics lists ‘accountants and auditors’ as earning a $71,550 annual wage. Between 2019 and 2029, the outlook for this role is expected to grow by 4%.
How do I select the right college?
Virtually all standard colleges offer a mathematics program. While this ensures you’re not short of options, it does mean you will have to put in ample research to find the college that best matches your needs.
This research will, of course, cover aspects such as living costs, location, and the course program itself. Your research should also take into account the campus quality of each college. Sadly, trying to find out in-depth details about a campus is more difficult than other elements. You may watch those college-produced videos, but these are usually overly salesy, fluff pieces that skimp on the real information you want.
Fortunately, there is a solution: CampusReel. This platform features over 15,000 videos that cover every part of campus life for colleges across the country. What takes it above the rest, however, is that students are behind the creation of these videos. As they possess real-life experience of their campus of choice, students have all the details you could possibly require – whether it’s information about a certain department or the best place to grab an inexpensive bite to eat.
To gain instant access to an endless stream of content, you can sign up for a free CampusReel profile today.
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