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9 Jobs for Math Majors

by | Mar 1, 2021 | Student Life

Majoring in math for your bachelor’s degree allows you to have a solid foundation and opens doors to a wide variety of career paths. 

Basics of a Math Degree

Photo by Antoine Dautry on Unsplash

According to the Bureau of Labor Statistics (BLS), math majors have a median annual salary of $90,410. There is a high level of job growth due to the increase of big data. 

A math degree is so versatile because of the skills that are gained with the degree. These skills are great to adapt to other careers as well. 

Some of those skills are:

  • Critical thinking
  • Quantitative reasoning
  • Problem-solving
  • Time management
  • Analytics

1. Actuaries

Mathematics degree holders commonly go into the work of actuarial sciences to be an actuary. This role calculates and manages risks within insurance companies. They evaluate how likely risks are to happen, how expensive those risks will be, and how to best avoid them. 

These jobs typically require a bachelor’s degree in math or something similar, along with an actuarial certification. 

These jobs are highly desirable due to their median salary being $108,350 (BLS).

2. Data Scientist

Data scientists combine the roles of mathematicians, computer scientists, and trend followers. There is a big boom in data scientists currently.

They work with both information technology and business to utilize data and solve business problems using that data. 

To break into an entry-level data scientist position, you need to be highly skilled with programming languages and analytical skills. The biggest thing is recognizing patterns within data and communicating that with  IT and business. 

3. Economist

Economists study market data by using models and analysis to understand the trends. For these roles, there is a big focus on research and complex problems. 

Many economists work in government agencies, especially since those roles typically only require bachelor’s degrees in math. If you have a more advanced degree, you can be an economist in the private sector.

4. Financial Analyst

Financial analysts guide on investments. They typically work in financial services or related fields. To be a financial analyst, you will typically need an undergraduate degree in finance or math. A master’s degree will open new doors, although the job has really good growth and outlook for the future. 

5. Mathematician

To be a mathematician, you are required to have a master’s degree. They solve high-level real-world problems with math-minded thinking skills. 

They analyze data and apply math techniques to solve complicated problems. They do with using mathematical theories and mathematical concepts. 

6. Math Teacher

A math teacher is a great and diverse career option. A math teacher might mean a middle school classroom, to be a math professor. 

In order to be a math teacher for high school and lower, it will depend on the state for what type of degree and licensing you to need. Though having a bachelor’s in math is a great start and maybe enough. 

If you are interested in being in academia for math, a Ph.D. is required. 

7. Operations Research Analyst

Operations research analysts use applied mathematics to solve issues. While this sounds very general, they usually work for companies and do research to improve overall operations and specific issues. 

According to BLS, this role is highly growing each year with the median salary being $81,810

8. Software Engineer

Being a software engineer is ranked to be the best technology job to have and the second-best job in the field of STEM. 

Software engineers invent technology and are the masterminds behind many things that you utilize every day. They also innovate using computer science programs. build algorithms by using their mathematical skills and computations.

When creating software, they collaborate with developers, managers, programmers, and clients.

They not only create software, but also maintain, check for issues, and update when necessary.

9. Statistician

statistician is similar to a mathematician. They collect data, understand what data is needed, design experiments, and report conclusions.

They work in a variety of industries like environment, public safety, and sports.

While these are a few common careers that come out of a math degree, there are many unexpected careers that come out of a math degree. 

This is because of the high level of these skills that are acquired with the coursework. Other industries that math majors find themselves in are aerospace, insurance, advertising, sales, education, consulting, and healthcare.

To learn about these different industries, read more Scholars blogs and listen to The Internship Show to gain exclusive knowledge straight from companies!

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Internships and early-career jobs are unlike any others. They are often accepted months, if not years, in advance of the start date leaving plenty of time for candidates to change their minds and decide to work elsewhere, costing your team time and money.

There are two ways that have been proven to decrease renege rates for any company: keeping candidates engaged by sharing personalized information and helping them make connections with their future teammates. Companies use Scholars to accomplish both of these at scale.