As a student, I always loved doing math, and like everyone, I wondered what jobs can you get with a mathematics degree.
Later I realized that a degree in mathematics can open up a world of career opportunities. In fact, between 2021 and 2031, In the United States, the job market for mathematicians is expected to expand by 29 percent, which is much faster than the average for all other occupations, according to the US Bureau of Labor Statistics.
This is good news for those of us who love, study or teach mathematics because a mathematics degree can prepare you for a successful career in fields such as engineering, finance, and consulting.
Read on to explore some job opportunities available for those with a mathematics degree. You might enjoy reading: A Level Vs. IB: Which one do top universities prefer?
Why Should You Consider Pursuing a Career in Math?
Studying mathematics helps develop skills in problem-solving and numerical aptitude. If you are willing to work hard and invest the time it takes to earn a college degree, you will be rewarded with a lucrative career opportunity.
On average, about 30,600 mathematics-related jobs are projected each year in the future because of industry growth. In addition, the median annual wage for jobs requiring a math degree was $98,680 in May 2021, which was higher than the median yearly wage for all other professions of $45,760 (Source: Bureau of Labor Statistics (BLS))
What Jobs Can You Get With a Mathematics Degree?
1- Actuarial Science
Actuaries are responsible for assessing and managing risk. They use their knowledge of statistics, finance, and economics to analyze data and develop models that help them make informed decisions about future events.
Actuaries often work for insurance companies or government agencies and may also be involved in pension planning or investment management.
To become an actuary, you must pass several professional exams administered by the Society of Actuaries (SOA). The median salary for an actuary is about $105,900 in 2021.
2- Data Analysis
Data analysts (also known as data scientists) use mathematical skills to analyze large data sets and draw insights from them.
Generally, data scientist works in finance, healthcare, or retail industries, and they typically use software programs like SAS or Excel to help them visualize and interpret data. The median salary for a data scientist is about $100,910 in 2021.
Data analysts can also develop predictive models that provide valuable insights into future trends or customer behavior.
3- Teaching Mathematics
If you are like me, passionate about teaching others about math, you might consider becoming a high school or college math teacher.
Teaching jobs usually require certification from your state’s education department, but many universities offer accelerated teacher preparation programs designed specifically for aspiring mathematics teachers.
I find teaching to be incredibly rewarding, allowing you to share your expertise and help students reach their full potential.
4- Engineering Careers
A mathematics degree can equip you with all the skills needed to pursue a career in engineering. Engineering jobs can be found in almost every industry and range from designing, constructing, and operating structures to developing new technologies.
With a mathematics degree, you can analyze data using advanced mathematical techniques and apply them to solve problems.
You will also be able to use your knowledge of calculus and physics in order to develop solutions for complex engineering tasks.
5- Finance Careers
The financial sector is another area where mathematicians are in high demand. Many organizations hire mathematicians who specialize in areas such as risk management, economics, and finance.
With a mathematics degree, you will have the skills required to work in banking or investment firms and government agencies or corporations that need financial analysis on their products or services.
You can use your mathematical knowledge to forecast financial trends, analyze market patterns, and predict stock prices. If you are interested in pursuing a career in the financial industry, I suggest you consider going for a certification such as the Chartered Financial Analyst (CFA) program.
Finance-related jobs in actuary or statistician, which involve analyzing data related to insurance policies or other financial matters and making decisions based on those findings.
6- Consulting Careers
Mathematicians who want to explore consulting careers often work for large companies or advise governmental agencies on important economic planning or public policy development decisions.
In these roles, you would use your mathematical expertise to research current market conditions and provide insights into potential future developments or strategies that organizations could pursue.
As a consultant, your role would involve solving complex problems by developing models and equations that organizations can use when making important decisions about their strategy and operations.
Statisticians generally analyze data and use computational techniques to solve problems. In addition to becoming data science, biostatistics, and math researchers, studying mathematics prepares students for careers in statistics.
The minimum required education level is generally a master’s degree with a median salary of $96,280.
Statistics courses generally include advanced multivariate calculus, probability and statistics, and linear algebra for applied mathematics.
After graduating from high school, I wanted to become an economist because I love solving problems and positively impacting the world.
The truth is economics studies a real-world application of pure math from local and national to international movements of money, goods, and services.
When studying economics to learn macroeconomics, microeconomic theory, econometrics, and extensive statistics.
With a degree in mathematics, you can also work as a meteorologist, where you present the weather.
Contrary to popular belief, meteorologists do more than present the weather; they also study weather conditions using data collected from weather stations, radar, remote sensors, and satellite images worldwide to analyze and interpret causes and produce forecasts.
In addition, to excellent communication skills, you will need excellent computer skills and strong analytical skills to work as a meteorologist.
What to read next:
- Is A Level Maths Worth It? (Yes! and here’s why)
- Here’s How To Learn Calculus (With 10 easy-to-follow steps!)
- 7 Reasons Why Math is Taught Poorly in Schools.
- 6 Reasons Why Statistics Is So Hard (And helpful tips for studying stats!)
Math is one of the most versatile degrees; it opens up countless career paths depending on your interests and goals. From actuarial science to data analysis to teaching mathematics at the high school or college level, you can find a job that best uses your mathematical abilities.
Whether you’re looking for something more analytical or creative—or both—you’ll find plenty of options with a degree in mathematics!
A mathematics degree gives you the skills necessary for success in engineering careers, financial careers, consulting careers, and more! With this highly sought-after skill set combined with hard work and dedication—the sky is truly the limit!