19 Jobs You Can Get With a Master’s in Mathematics

In the data-rich Information Age, a master’s degree in mathematics can provide an edge in the job market. An advanced degree in mathematics provides the theoretical base and analytical skills for well-paying careers in education, technology, finance and business. People with master’s degrees in math can teach classes, assess investment risks and help companies operate more profitably and efficiently. Take a look at a list of careers in mathematics.

Operations research analysts use mathematical techniques and models, such as linear programming, to help companies, government agencies and other organizations operate more efficiently. Linear programming is a mathematical technique that looks for optimal solutions, such as higher profits, that are subject to certain constraints such as limited personnel and supplies.

You can find these mathematician jobs at manufacturers, airlines, technology firms, other large companies, and government organizations. Most jobs require a master’s degree in mathematics, operations research, management science, economics, industrial engineering or a related field. Operations research analyst salaries averaged ​$95,830​ per year in 2021, according to the U.S. Bureau of Labor Statistics.

The growing complexity of financial investment instruments has fueled the demand for people with the mathematical skills to price these investments and assess their risk levels. In the investment world, these people are known as quantitative analysts, or “quants,” explains Deshaw. These professionals employ mathematical, statistical and computer skills to develop complex models for analyzing the price, risk and potential profitability of various types of securities.

Most quants work for investment banks and hedge funds. Quants are a specialty within the broader profession of financial analysts. The BLS reported in 2021 that financial analysts earned an average of ​$106,340​ per year.

A master’s degree in a quantitative field, such as mathematics, is the minimum requirement for employment in the field. Some quantitative analysts have Ph.Ds.

5 High Paying Jobs For Math Majors (That Aren’t Teaching)

Expected coursework for a master’s in mathematics program

The coursework for a masters degree in math encompasses pure mathematics and applied mathematics. Pure mathematics is a science of numbers that involves using and solving mathematical concepts. Applied mathematics involves taking those mathematical concepts and applying them to other disciplines of study, such as physics, engineering or economics. Some courses you can expect in a masters in mathematics programs may include:

The benefits of a master’s degree in mathematics

A masters degree in mathematics is beneficial because many industries rely on these degree holders for their analytical and critical problem-solving skills. Because employers highly value this degree, there may be jobs in many industries for professionals with their masters in math.

Jobs for master’s degree in mathematics holders

Here is a list of 19 jobs you may be able to get with a masters degree in mathematics:

Primary duties: Cryptographers protect private information and encrypt confidential data, allowing them to protect a companys private records. They encrypt this data by using complex algorithms and data encryption software. Cryptographers may work in many sectors since they are experts at protecting sensitive financial information. Cryptographers may also use their analytical skills to resolve data breaches and check for security vulnerabilities.

Primary duties: A math teacher teaches students mathematics and mathematical concepts, both pure and applied. Math professors may teach at primary schools, high schools and colleges. They teach mathematical material and manage their students progress.

Primary duties: A math tutor teaches mathematics to students in private or small-group settings. They often create personalized curriculums to fit the specific learning needs of their students. Math tutors either freelance or work for a tutoring agency. Math tutors primarily engage their students one-on-one, which helps them identify the obstacles their students need to overcome to succeed.

Primary duties: An accountant organizes and manages a businesss finances. They perform payroll calculations, prepare taxes and regulate an organizations fiscal policies to streamline financial processes. Many companies need accountants, making this role versatile and vital.

Primary duties: A Geographic Information System (GIS) analyst is an individual who combines data analytics, cartography and programming to understand spatial data. They use this geographic data within mapping software to design, create and maintain digital maps.

Primary duties: A statistical analyst is an expert who works closely with data and provides insight to a companys decision-making process by collecting, analyzing and presenting data. They streamline data collection processes using their mathematical skills, which helps them better understand current data trends and create reports to present to their employers.

Primary duties: A data analyst collects, processes, and analyzes large amounts of data. They may use complex data and statistical concepts to help companies gain insight into their business practices and determine ways to improve their operations.

Primary duties: An operations research analyst uses advanced mathematical skills to assist businesses in their problem-solving and decision-making processes. Because of their analytical skills, they work in a variety of different sectors and work as advisors on resource management and budgeting. Their ability as researchers makes them a valuable resource of knowledge and information.

Primary duties: An underwriter collects and analyzes statistical data to assess an individuals risk when deciding on a policy to provide them. Underwriters primarily work in the business and financial sector to review policy applications, prepare risk assessment reports and manage insurance applications throughout the entire process. Underwriters compare policies and determine premiums based on the underwriting standards of their employers.

Primary duties: A mathematician assists businesses by applying their complex math techniques to solve practical problems. They collect, analyze and use data to develop new processes and principles. Mathematicians use mathematical theories, concepts, complex models, computer codes and computational methods to assist in their work as problem solvers. Because of their diverse skill set, they may work in many sectors such as business, engineering and science.

Primary duties: Statisticians apply complex statistical methods and models to create solutions. They may apply their analytical skills in a wide range of industries like research, academia and business. They are experts at identifying relationships within data and then presenting that information to stakeholders and business operations specialists.

Primary duties: Aerospace engineers design, create and operate aircraft. From drones to rockets, these professionals use math and physics to create the latest aerodynamic vehicles. They may develop and test flying earth vehicles, like helicopters and fighter jets, or they can design and improve spacecraft, such as planetary probes and satellites.

Primary duties: A software developer designs, creates and implements computer applications and programs. They outline technical specifications and manage the software and applications that they produce. Because of the diversity of technology, a software developers specific job responsibilities often differ depending on their employer.

Primary duties: A software engineer writes and maintains software programs. They also manipulate software and instruct it to perform different tasks like make calculations or save sensitive information. Software engineers work with many of the various computer programming languages, create new technology or improve existing software systems.

Primary duties: An economist uses quantitative and qualitative data to analyze a variety of economic sectors. They present collected data to an organization so they can identify their fiscal standing as it relates to the economic status of society. They also play a vital role in helping businesses understand their financial health.

Primary duties: An actuary, sometimes referred to as an insurance actuary, is an individual who performs complex calculations to identify insurance risks. They consider different factors in their risk assessment processes and then use computer software to calculate numbers and generate visual analysis tools like graphs and reports to present their findings.

Primary duties: A quantitative analyst uses complex mathematical and statistical models to help businesses understand their economic situation in the financial market. They use this information for risk management, budgeting, pricing and financial investments. They regularly perform statistical analysis using data collection methods and coding tools.

Primary duties: A data scientist interprets large amounts of complex data to gain valuable insights for their companys business operations and to create business solutions. They may extract information from data by using tools, systems and algorithms. They can also use their analytical skills to determine and solve problems efficiently.

Primary duties: An algorithms engineer is an expert that combines math and technology. Algorithms engineers develop instructions to tell a computer what to do and how to operate. They design algorithms for a variety of tasks, such as biometrics and computer automation.

FAQ

What jobs can you get with a masters in math?

5 careers you can pursue with a master’s in mathematics
  • Actuary. This is a job that involves risk assessment. …
  • Cryptography. The demand for this kind of position has increased with the technological boom of the digital age. …
  • Banking and Finance. …
  • Statistician. …
  • Computer science. …
  • Quantitative analyst. …
  • Math teacher.

Is a masters in math worth it?

People with master’s degrees in mathematics hold a variety of positions – and nearly all of them pay exceptionally well. This is also true for those who hold PhDs in mathematics. Mines’ master’s graduates report an average starting salary of $88,500. A master’s in mathematics alone puts you in the top 75% of earners.

What is the best job after MSC mathematics?

Top Ranking Jobs for M.Sc. Maths Candidates
  • Mathematician. Mathematicians analyze facts and figures to find innovative solutions to business problems. …
  • Data Scientist. …
  • Chartered Accountant. …
  • Maths Professor. …
  • Investment Analyst. …
  • Statistician.

What is the highest paid math job?

Top Ranking Jobs for M.Sc. Maths Candidates
  • Mathematician. Mathematicians analyze facts and figures to find innovative solutions to business problems. …
  • Data Scientist. …
  • Chartered Accountant. …
  • Maths Professor. …
  • Investment Analyst. …
  • Statistician.

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