What are the 13 best career opportunities for mathematicians?
Now let’s take a look at the best jobs for mathematicians that have perfect, long-lasting career potential coupled with impressive remunerations:
1. Physicist
Required Education: Doctorate
Average remuneration: $117,220
One of the numerous math equations created by physicists is “E=MC2” is just. These extremely educated and innovative professionals study how the universe works, which involves how energy and matter interact. Physicists use some of the most complex mathematics to design and test theories from the nature of time to the behavior of electrons. Bachelor’s degree in mathematics is a great start, though you’ll need a doctorate-level education for this career. This job offers one of the best remunerations for people with mathematical education and mathematical minds. This is an amazing career for math majors with over $117,220, and the top 10% earning over $165,000. This is a stable career for people who can keep up with complex mathematics with a career growth of 14%.
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2. Information Research Scientist
Required Education: Master’s degree
Average remunerations: $114,520
The responsibility of information research scientists is to invent and design new ways of using Computing technology systems. Although it may not appear to be a job for mathematicians, the proficiency to solve complicated problems utilizing math as a foundation is essential. This job is for master’s degree holders in computer science or a similar field. However, a bachelor’s degree in mathematics, together with a computer-related minor, is a perfect way to begin your education. You can expect to earn over $176,780 a year, If you work your way to the top of this career, and with a career growth of 19%, it is lucrative as well as stable.
3. Economist
Required Education: Master’s degree
Average remuneration: $102,490
This job can take various forms but generally includes studying and analyzing the economy, involving the production of goods, resources, and services. Economists may perform activities such as research economic problems, interpret market trends, analyze data, and conduct surveys, all of the above-mentioned need a strong knowledge of mathematics. This career is frequently employed by scientific research organizations and government agencies. With an average remuneration of $102,490, the top 10% can actually earn over $172,580 because this is a strong career field. The growth might seem small compared to other mathematical careers, but along with the national average, this is actually right.
4. Actuary
Required Education: Bachelor’s degree
Average remuneration: $101,560
This career is all about risk. Particularly, it’s about evaluating risk vs financial costs to assist businesses in making decisions. Actuaries help companies make choices about various aspects, involving prices, policies, expenses, and others. The work can include collecting statistical information, evaluating probability, and trying out insurance policies. Having a basic knowledge of mathematics is very important for this career though most of the work is done on computers. The country’s top actuaries are poised to make over $184,770; this is apparently one of the best jobs for math majors with its career growth of 22%. This job is also one you can start without extensive education beyond a four-year degree.
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5. Financial Advisor
Required Education: Bachelor’s degree
Average remuneration: $90,640
People require to make financial decisions, but few comprehend the details of stocks, interest, bonds, taxes, and many other mathematical issues that are included in finances. The task can involve meeting with clients in order to explain financial services, but much of the work is related to math, like evaluating the returns on retirement accounts or stocks. Although no previous work experience is needed, there is frequently long-term on-the-job training. The career is supposed to increase by 15%, meaning there should be work for qualified candidates, and while the average remuneration is below $100,000, the top 10% can expect to earn more than $208,000.
6. Mathematician
Required Education: Master’s degree
Average remuneration: $84,760
A mathematician is a career made exactly for a math major. This apparent career choice for anyone with knowledge and education in math brings responsibilities that involve developing mathematical rules, deciding what data is required for particular questions, and applying mathematical theories to various areas, such as engineering, science, or business. A mathematician has a perfect average remuneration, but the top 10% can earn over $161,900. There is also an expected career growth of 33%, which makes it one of the fastest-growing fields that you can be part of.
7. Operations Research Analyst
Required Education: Bachelor’s degree
Average remuneration: $81,390
Many duties are performed by an operations research analyst, but it’s best summarized as a career solving problems utilizing math. In this career, you will identify problems, generate mathematical equations to resolve them, and utilize the information to notify business leaders and policymakers. You can expect a career that has a median of $81,390, but the top 10% earn over $134,000 when you work as an operations research analyst. There is also a substantial chance that you will be able to find work with a 27% expected career growth. With generally no work experience or on-the-job training and with only a bachelor’s degree you can go into this career.
8. Post-Secondary Math Teacher
Required Education: Master degree or higher
Average remuneration: $76,000
If want to teach the next generation of mathematicians, financial analysts, and actuaries and you are good with math, then probably you should teach at the collegiate level. Post-secondary math teachers create courses, plan lessons, and work with colleagues to develop the best possible teaching plan. Post-secondary teachers’ income is $76,000 per year, this is not only just for mathematics professors, this job is for all post-secondary teachers. However, the top 10%, can earn over $170,160 per year. This is a career that will provide opportunities for many people with a 15% expected career growth.
9. Budget Analyst
Required Education: Bachelor degree
Average remuneration: $75,240
If you hire a budget analyst, be sure that your finances will be organized. Budget analysts work for organizations and businesses to develop budgets, make financial reports, and plan to spend. About 20% of budget analysts work for the federal government, they also work for professional services, educational services, and state governments. A budget analyst can expect an average remuneration in the amount of $75,240, though you can expect a salary to grow over $113,740 if you work your way into the top 10%. The growth is relatively lower than many of the math-related careers, it is only 7%, but it is still average for all jobs.
10. Accountant
Required Education: Bachelor degree
Average remuneration: $69,350
A degree in math is a great start to this consistent and rewarding career, however, accountants may need special training and certifications. These professionals will organize financial records, examine financial statements, compute tax information, and while they mostly work for insurance companies, governments, and independent offices, most will work for bookkeeping and accounting companies. The average remuneration for this career is almost $70,000, but you can expect an annual salary of over $122,000 if you work your way into the top 10%. In order to advance job opportunities consider a master’s in accounting. This is also a career that is expected to retain steady growth over the next few years with 10% expected growth.
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11. Cost Estimator
Required Education: Bachelor degree
Average remuneration: $63,110
Cost estimators evaluate the costs of specific projects for organizations and companies. With the goal of figuring the time, materials, and labor, also the total financial costs, for various industries, cost estimators will collect and analyze data. Along with estimating the costs, these professionals make recommendations for diminishing total prices. This career has a strong average salary, and it is possible to earn over $106,000 a year if you make it to the top 10%. There is also a significant chance that the position will ensure a reliable career for qualified candidates with its 11% expected growth.
12. Insurance Underwriter
Required Education: Bachelor degree
Average remuneration: $69,760
Insurance underwriters measure statistical probability and costs of coverage that help an insurance company offer coverage that is profitable and sustainable. It makes a great career for people who understand mathematics because this work involves a lot of numbers and figures. Insurance underwriters have an average annual remuneration of nearly $70,000, though the top 10% can earn over $123,00. Despite a likely increase in demand for health insurance services, there will be a reduction in the total number of positions, because this work is driven largely by automated underwriting software.
13. Survey Researcher
Required Education: Master degree
Average remuneration: $54,270
These professionals are responsible for developing and implementing surveys, which means they need a strong understanding of mathematical principles along with having a creative, thoughtful mind. Knowledge of mathematics principles will help them analyze the data. A math major is one of the best starting points for this career field, which is one of the high-paying jobs for math majors, although this position generally requires a master’s degree. The master’s degree should be a combination of social sciences, research methods, and statistics.
