The prospects for math majors abound in terms of employment. While some of the jobs require graduate degrees, others accept candidates possessing an undergraduate degree. The options appeal to a wide range of interests.
Actuaries
The occupation requires employees to use math, statistics, and financial data to assess costs related to risk and uncertainty. Actuaries are commonly employed by insurance companies. However, small and large companies and industries also make use of the skills that an actuary possesses. The Bureau of Labor Statistics reports that the occupation will experience a 20 percent increase in the next decade.
Economist
Someone choosing the field typically evaluates problems related to the economy and devises solutions. The occupation relies on statistical data to assess financial matters. The field is varied and occupations might be found anywhere from education to the federal government to the healthcare industry. The occupation generally requires completion of a master’s degree. Occupations in the field are expected to rise in the next decade.
Financial Analysts
Businesses or individuals often consult with analysts before making investment decisions. The profession requires knowledge concerning market trends and the performance of various types of investments. Additional analyst duties might include writing account reports and helping create financial portfolios. The occupation requires at least a bachelor’s degree. The future of financial analyst prospects is promising!
Math Teachers
Mathematicians might consider sharing their love of the subject by becoming a teacher in high school, college, or university. The profession requires a master’s or doctorate degree. Teaching opportunities are expected to rise by 11 percent in the next decade, and the flexible schedule offered by summer break gives teachers the chance to pursue other opportunities. Pay depends on the location of the assignment and the level of students receiving the education.
Statisticians
A master’s or doctorate degree in the area provides graduates with the option of pursuing employment in a wide variety of fields. Entry-level positions may only require a bachelor’s degree. Business, engineering, science, and other industries often employ statisticians to develop theories, perform polls, obtain information or create experiments. Statisticians then analyze the data obtained to formulate a conclusion. Prospects for the profession are expected to rise 30 percent in the next decade, making for plenty of opportunities for professional mathematicians!
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