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What Can You Do With a Math Degree: Career options for Graduates

10 Jan 2019

Are you wondering what can you do with a math degree? Studying mathematics in university offers great opportunities. Employers are looking for math problem solvers, who don’t ask "do my math for me", so a math degree offers interesting and important opportunities in Banking, Business, Economics, Statistical Analysis, Actuary and Software Engineering. These are only some of the amazing jobs you can get. Payments for them are attractive, so Science and Technology institutions find it essential having a person with a math degree, who considers importance of mathematics. If you are perfect at crunching numbers, there is a high chance of attaining a strong work position.

What Сan You do with a Math Degree?

Top 9 Jobs for Graduates of Mathematics

Mathematician

This is a job that usually tops the list of careers in mathematics. It involves a lot of numerical analysis and problem-solving skills so if you have them you won’t be bored at work. The demand for mathematicians with a degree is growing with an average salary being about $103,000. The job involves intensive research into mathematical theories, development of models and new concepts, using of mental arithmetic. It requires time and dedication as you will be required working with individuals from other departments. Your clarity, accuracy, as well as knowledge of mathematical principles, are of utmost importance if you are aiming for that position with Math degree. Try working for the Government, Manufacturing Companies, Scientific Research Institutions or Educational Institutions.

Cost Estimator

Cost Estimators are essential in manufacturing or construction as they help analyse data to determine the budget of a project. With numerous companies in the building and manufacturing industries, this is definitely a good choice when considering math-related jobs. As a cost estimator, you will need to use collected data for estimating the duration of a project, as well as materials required to produce goods or complete a building. Your work will include active collaboration with site engineers, contractors, architects, designers. With an average annual salary of about $66,000, it sounds interesting enough to be worth your consideration if you have a proper degree.

Investment Analyst

Among the math careers available, this is perfect for any math graduate with a passion for numbers and the financial world. It involves keeping track of the financial market, working with stockbrokers and market traders to provide them with advice or information accessed from investment data. Investment Banks, Insurance Firms and Stock Exchange Companies provide brilliant opportunities for investment analysts. Your knowledge in investment opportunities, as well as economic trends is vital for this job. Annual salary is $82,000. Your mathematics degree will give you this opportunity, but you need a license to operate.

Read also: Expert finance homework help online for students

Cryptographer

Cryptography is one of the interesting math-related jobs. If algorithms excite you, then you might find it amazing being a cryptographer. Your responsibility lies in encrypting information to prevent vulnerabilities in systems, analyse communication lines for weak links, decode cryptic messages. There are plenty of opportunities available straight from the university without any experience. You can work in Security Companies, Telecommunication and Service Providers, Software Companies, Financial Institutions and the Government. Passion and intelligence in writing code are paramount to be a cryptographer so that you can walk home with a salary of $108,890 per annum.

Economist

The role of an economist is to analyse market data, production of resources, research trends, make use of statistical techniques and mathematical models to explain trends in the economy. A math degree is a great requirement for this job. Apart from the analysis, your job will also entail the preparation of reports. You can get a job in Research Firms, International Organizations or with the Government. The average yearly salary is $101,050. You need to have proper and effective means of data collection, as well as design appropriate policies to solve economic problems. It is a good career in math, so it is possible to specialise in International, Labor, Econometrics, Macroeconomics, Public Finance, among others, with that degree.

Budget Analyst

Are you still interesting in jobs that require mathematics? When considering math careers, being a budget analyst is a great option as you will provide clients with necessary help to handle and manage their budget. Allocation of funds can be tricky, that is why this profession is crucial in any institution. The job requires making proper finance recommendations, analysing its impact on the financial status of the company. Healthcare providers, financial companies, and Government agencies are great employers of such professionals. The average payment in a year is $73,840 if you have a proper degree.

Data Analyst

The work of data analyst involves translating numbers by applying statistical techniques to reports and information that businesses can understand. Your math degree will help in providing companies with information on trends to help them make the right decision. You have the choice of choosing an area of the specification from financial analysis to operations. Strong analytical skills, technical expertise, knowledge of statistical packages are crucial. The role offers an average yearly salary of $60,000 if you have a good degree. This is one of the careers in mathematics where you can work without experience to learn as progressing. Companies encourage entry-level applicants to join them and offer proper training under the right mentorship to sharpen your skills. Your degree in math is highly valued, so it is possible to have a successful data analyst’s position.

Actuary

Careers in mathematics provide great avenues of using your statistical knowledge. This is a job that requires a combination of your mathematical intelligence and analysis skills. As an actuary, you analyse the financial implications of uncertainty and risk. It is an interesting job that allows companies to reduce the cost of specific risks. Insurance and financial companies offer one of the best career opportunities for actuaries with a degree, so average yearly payment is $101,560. You can decide to focus on liability or asset management to showcase your expertise in financial risk assessment. You can get a job right after graduation, get the experience while continuing to work with proper training, exams and mentoring to improve your skills.

Statistician

A statistician analyses quantitative data, helps businesses solve problems through predictions or trends. It involves a collection of data and coming up with reports on the data that will help solve a problem in a company. Most of the analysis is by using statistical software, but your intelligence is required to make the proper conclusions. It is one of those occupations in math that will have you earning an average pay of $75,560. Employment is available in Research Institutes, Government Agencies and Insurance companies among others if you can offer a proper degree there.

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Read also: The best statistics homework help and answers from professional tutors.

Useful Tips for Math Job Seekers for the Perfect CV

Your CV provides employers with an opportunity to know you or accomplishments you have made. It is important to start making your CV before your graduation so that companies can start considering you for employment early enough even if you don’t have a degree yet. Studyvacancy descriptions, identify skills required and tailor your CV to include experience that relates perfectly to math degree jobs. Ensure you use keywords the employer uses because this will help catch their attention. Highlight your skills and how they will be beneficial to the employer. Be honest and maintain a positive tone. Getting a good job is possible if you present your technical skills well, showing you have the intelligence to get the work done, but also open to further training if required. Lastly, make sure your CV portrays the same language of the field you are applying to.

The Demand for Careers in Math

Having a bachelor in math helps you gain skills in not only understanding numbers, but also statistical analysis, improves your communication skills as well. Companies require you to explain complex matters in a simple way, which sharpens your conceptual, or communication ability. You work with intellectuals which is interesting as you get to learn a lot from different people. All employers need someone who has the intelligence to solve problems efficiently without college math helper, as well as a degree in math, opens you to great opportunities. Your interpretation of data and logical thinking are the gold mine that allows you to enjoy an array of awesome careers with competitive pay.

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