Counting on Success: Top 10 Jobs for Math Majors

Whether you have a passion for numbers or simply enjoy the thrill of problem-solving, pursuing a degree in math can lead you on an exciting path of intellectual growth, career opportunities, and a lifelong appreciation for the beauty of mathematics. But what are the best jobs for a math majors? 

In this blog, we’ll discover the 10 best jobs for math majors, including salary expectations and any additional qualifications or skills you’ll need for each job.

Why get a degree in math?

Mathematics is not just about numbers and equations; it's a discipline that cultivates critical thinking, problem-solving skills, and logical reasoning.

As a math major, you'll develop a toolkit of analytical techniques that can be applied to a wide range of fields and industries.

Whether you have a passion for pure mathematics, or you see math as a means to explore other subjects like physics, computer science, or economics, a math degree opens doors to diverse career opportunities where your skills will be highly valued.

One of the most exciting aspects of a math degree is its versatility. It serves as a strong foundation for various careers, both within and outside the field of mathematics.

The rigorous training you get while pursuing a math degree hones your ability to think critically, approach problems systematically, and find creative solutions. These skills are highly sought after in today's job market, where employers increasingly value individuals who can navigate complex challenges with confidence.

Whether you're interested in pursuing a career in finance, technology, data analysis, research, or even teaching, a math degree provides you with the essential tools to excel and adapt in a rapidly evolving world.

What jobs can math majors get?

Mathematics opens doors to diverse career paths across various industries. As a math major, you might find yourself working as an actuary, using your mathematical expertise to assess and manage risk. Or you could dive into the realm of data science, extracting insights from vast amounts of data and driving decision-making processes.

But the options don't stop there! From software engineering to operations research, your math degree can lead you to exciting positions where your problem-solving skills and logical reasoning will be put to great use.

The world is your oyster, and with a math degree, you have the foundation to pursue a wide range of fulfilling and rewarding careers.

Jobs for Math Majors

1. Actuary

As an actuary, you'll use your mathematical prowess to analyze and manage financial risks. Whether it's calculating insurance premiums or forecasting investment returns, your expertise will be highly sought after.

According to the U.S. Bureau of Labor Statistics (BLS), the median annual wage for actuaries was $105,900 as of 2021. However, experienced actuaries in top positions can earn well over $200,000 per year.
Becoming an actuary typically requires passing a series of rigorous exams administered by professional organizations such as the Society of Actuaries (SOA) or the Casualty Actuarial Society (CAS).

2. Data Scientist 

Data scientists are in high demand across various industries. With your math degree, you can harness the power of data to extract valuable insights, solve complex problems, and drive data-informed decision-making.

According to Glassdoor, the average base salary for data scientists in the United States is around $118,000 per year. However, experienced data scientists in high-demand areas can earn well over $150,000 annually, with some senior-level positions reaching $200,000 or more.

Data science roles often require a combination of skills in mathematics, statistics, programming, and domain expertise. Majoring in math provides you with the mathematical and analytical foundation needed.

3. Quantitative Analyst

Quantitative analysts, also known as quants, develop and implement mathematical models and algorithms to evaluate financial instruments and investment strategies.

They typically work in the finance industry, including investment banks, hedge funds, and asset management firms.

According to Glassdoor, the average base salary for quantitative analysts in the United States is approximately $126,910 per year. However, senior-level positions and those in prestigious financial firms or hedge funds can earn well into the six-figure range, often exceeding $150,000 per year.

Quantitative analysts typically work in finance-related industries and may require a strong understanding of mathematical models, statistical analysis, and financial markets. While a math degree can be a good starting point, additional knowledge in finance, economics, and programming is often beneficial for pursuing a career as a quantitative analyst.

4. Operations Research Analyst

If you have a knack for problem-solving and optimizing processes, becoming an operations research analyst might be your calling.

Operations research analysts use mathematical modeling and optimization techniques to help organizations make better decisions and improve efficiency. They work in various sectors, including manufacturing, logistics, transportation, and consulting.

According to Glassdoor, the average base salary for quantitative analysts in the United States is approximately $83,687 per year. However, senior-level positions and those in prestigious financial firms or hedge funds can earn well into the six-figure range, often exceeding $150,000 per year.

Operations research analysts use mathematical and analytical techniques to solve complex problems related to optimization and decision-making. While a math degree can provide a strong foundation, additional knowledge in areas such as operations research methodologies, optimization algorithms, and computer programming can be advantageous for pursuing this career.

5. Software Engineer

Software engineering might not be the first thing that comes to mind, but math graduates bring unique problem-solving skills to this field.

While not exclusive to math majors, their analytical and problem-solving skills make them well-suited for roles as software engineers. They develop, design, and maintain software applications and systems.

According to Glassdoor, the average base salary for software engineers in the United States is around $139,646 per year. However, salaries can significantly increase with experience and specialization, with senior software engineers and those in high-demand areas often earning well over $150,000 annually.

While math majors can pursue careers as software engineers, specific roles may require additional knowledge and skills in computer science, software development, and programming languages. Building expertise in computer science concepts, algorithms, and software engineering practices can enhance the employability of math majors in this field.

6. Financial Analyst

Financial analysts provide insights and recommendations to individuals and organizations regarding investment decisions, financial planning, and risk management.

Math majors with a strong understanding of finance and quantitative skills can excel in this role. Salaries for financial analysts can be highly competitive, especially in the finance and investment banking sectors.

According to the BLS, the median annual wage for financial analysts was $95,570 as of 2021. Financial analysts in investment banking or finance-related industries can earn higher salaries, with experienced professionals reaching six figures or more.

Financial analyst roles often require a solid understanding of finance, accounting, and investment principles. While a math degree can provide a strong analytical foundation, additional knowledge in finance, economics, and business can be valuable for pursuing a career as a financial analyst.

7. Statistician

As a statistician, you'll use your math skills to collect, analyze, and interpret data for various purposes. From conducting research studies to predicting trends, your statistical expertise will be highly valued.

Statisticians play a crucial role in collecting, analyzing, and interpreting data to derive meaningful insights and make informed decisions. With a math degree, you'll be equipped with the mathematical and statistical knowledge necessary for this field.

According to BLS, the average salary for a statistician is $96,280 as of 2021.

Strong analytical and problem-solving skills, proficiency in statistical software and programming languages, and the ability to communicate complex findings are valuable qualifications for statisticians.

8. Risk Manager

As a Risk Manager, your role is to identify, assess, and mitigate potential risks that may impact an organization. You'll analyze data, evaluate probabilities, and develop strategies to safeguard against financial, operational, or regulatory risks.

According to Glassdoor, the average yearly salary of Risk Managers is $130,662.

In addition to a math degree, excellent analytical skills, attention to detail, and a deep understanding of industry-specific risks are essential for this role.

9. Economist

Economists use data analysis and mathematical models to study and predict economic trends.

As an Economist, your work revolves around studying and understanding the economy and its impact on various sectors. You'll collect and analyze data, build economic models, and provide insights and predictions for policy-making, market trends, and business decisions.

The average salary for an economist is $105,630, according to BLS.

In addition to a math degree, economists often have strong quantitative skills, knowledge of economic theory and statistical analysis, and the ability to communicate complex concepts clearly.

10. Research Scientist

Math majors with a passion for academia and research can pursue careers as research scientists in fields such as mathematics, physics, computer science, or engineering. Research scientists often work in universities, research institutions, or private companies, conducting groundbreaking research and contributing to scientific advancements.

According to Glassdoor, the median yearly salary for Research Scientists is $158,591, including bonuses and additional pay.

Research scientist roles typically require advanced degrees, such as a Ph.D., in the specific field of research. While a math degree can be a solid starting point for pursuing research in mathematical sciences, further specialization and research experience in a specific area of interest are often necessary.

Final Thoughts

Pursuing a degree in math offers many advantages and opportunities. Not only does it give you with a versatile skill set that is highly valued in today's job market, but it also allows you to explore the inherent beauty and elegance of mathematics.

Jobs for math majors offer diverse salary ranges, depending on factors such as experience, industry, and specialization. However, it's important to note that the skills and knowledge gained through a math degree can also open doors to other related fields, expanding your career options even further.

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