Pursuing a STEM degree in mathematics opens doors to a myriad of exciting career opportunities. From data science to finance, different jobs with a mathematics degree can be pursued. A math degree equips you with highly sought-after analytical and problem-solving skills applicable across industries.
This article explores the top jobs for math majors, salary prospects, remote work options, and whether a mathematics degree is worthwhile. Here are the top math degree jobs with salaries taken from Glassdoor.
Top Jobs with Mathematics Degree
As data proliferates across sectors, demand for data scientists skyrockets. These math-savvy professionals analyze complex data sets, build predictive models, and derive actionable insights. Salary range: $114,000–$184,000
Using high-level math and statistics, actuaries analyze risk and uncertainty to ensure insurance policies have adequate funding. Salary range: $133,000–$237,000.
Evaluating economic trends and financial performance, analysts advise organizations on profitable investments and strategies. Salary range: $64,000–$93,000
Academic roles include researching new mathematical concepts, theories, and methodologies. Salary range: $83,000–$146,000
Statisticians apply mathematical theories to collect, interpret, and present quantitative data. Salary range: $74,000–$124,000
Operations Research Analyst
Using advanced analytics, analysts optimize complex systems and processes across industries. Salary range: $80,000–$137,000
Assessing numerical data, quants drive trading, investment, and risk management decisions in finance. Salary range: $122,000–$200,000
Supporting actuaries with data modeling and analysis to assess insurance risks and costs. Salary range: $94,000–$143,000
By building and maintaining data infrastructure, engineers ensure optimal data pipelines and warehousing. Salary range: $94,000–$150,000
Developing codes to protect sensitive information and maximize data security. Salary range: $83,000–$154,000
How Much Do Mathematicians Make?
Leveraging their advanced mathematical proficiency, those with math degrees can command substantial salaries in many fields. According to the Bureau of Labor Statistics, the median pay for mathematicians and statisticians is $99,960 annually. However, pay varies significantly by role.
Data scientists and quantitative analysts can earn over $150,000 at senior levels in tech and finance. Meanwhile, university mathematics professors’ salaries are typically between $98,000 – $176,000. Geographic location also impacts pay, with major tech and finance hubs boasting the highest salaries.
Ultimately, a math degree provides the foundation for entering some of the highest-paying and most-in-demand roles today. With sound career planning, mathematicians can unlock six-figure earning potential.
If you want to view more math degree-related jobs, here are some of the highest paying ones:
Remote Mathematics Jobs
The rise of remote work unlocks new flexibility for math degree holders. Many data-driven and analytical roles no longer require being chained to a desk. Here are some of the top remote jobs for mathematics degree graduates:
Data science is very amenable to remote work. Data scientists collaborate using tools like GitHub and Slack to build models and derive insights. They can access data pipelines and cloud infrastructure from anywhere. Communication with stakeholders can be handled virtually. The key requirements are strong data skills, coding abilities, and collaboration.
Actuaries are in high demand for remote roles today. They leverage predictive modeling and statistical software that can be utilized remotely. Communication with underwriters and clients can be done online. The work involves analyzing data to assess risk, determine pricing, and ensure adequate funding. Strong modeling skills and business acumen are essential.
Quants build and implement complex trading models and algorithms. The models can be developed and backtested anywhere with a computer and market data access. Traders collaborate via online tools and meetings. Risk management and reporting can also be handled remotely. Success requires programming abilities, market knowledge, and quick analytical skills.
Academic research and teaching lend well to remote work. Professors can deliver lectures, mentor students, and conduct research digitally. Conferences and seminars have also largely transitioned online. The key skills are passion for mathematical theories, critical thinking, and communication abilities.
Statisticians leverage software like SAS, R, and Python to analyze data and build statistical models remotely. They can access data pipelines and databases to perform analysis. Presenting findings and collaborating cross-functionally can be done through virtual meetings and shared drives. Excellent statistical skills, programming abilities, and communication are key.
Data engineering roles have high remote potential given their focus on building cloud infrastructure, pipelines, and platforms. Using tools like SQL, Hadoop, and AWS, data engineers can architect systems and access databases fully remotely. Collaboration happens online via Slack, Git, and other platforms. Success requires programming expertise, systems design skills, and attention to detail.
Conducting financial modeling, valuation, forecasting, and reporting can be done remotely with the right tools. Analysts can communicate virtually with clients and colleagues to deliver insights and recommendations. Strong financial analysis skills, business acumen, modeling abilities, and communication are essential. The remote aspect enables collaborating with teams and clients worldwide.
The pandemic-fueled shift makes now an opportune time for those with math degrees to access high-paying remote jobs. This removes geography restrictions and improves work-life balance.
Should I Pursue a Mathematics Degree?
If you possess strong quantitative abilities and an interest in numbers, patterns, and problem-solving, a mathematics degree can be highly rewarding. Here are the key benefits of majoring in math:
- Develops Critical Thinking: Studying math promotes rigorous deductive reasoning, analytical thinking, and logic.
- Numerous Career Options: A math degree keeps doors open to diverse, well-compensated careers.
- Stand Out to Employers: Math majors demonstrate an ability to master complex technical skills.
- Foundation for Specialized Roles: Actuaries, data scientists, quants, and other roles require advanced math.
- Complementary Skills: Math pairs well with programming, statistics, and economics for today’s data-focused roles.
- Intellectually stimulating: Mathematics explores stimulating theoretical concepts and real-world models.
Before committing, be aware that a math degree is challenging and coursework is cumulative. But for those with aptitude and perseverance, a math major can provide intellectual fulfillment along with long-term career upside.
Frequently Asked Questions About Jobs with Mathematics Degree
What jobs can you get with a mathematics degree?
A math degree provides a strong foundation for data-driven roles like data scientist, quant, actuary, statistician, and financial analyst. You can also pursue academic roles as a mathematician or professor. Analytical and problem-solving skills are highly transferable across sectors.
Is a math degree difficult?
Yes, a mathematics degree is challenging, with coursework building cumulatively on previous knowledge. You will take advanced classes in applied mathematics, calculus, statistics, algebra, complex analysis, and more. Staying on top of materials and devoting ample study time is key to succeeding. But support resources often exist.
What can you do with a bachelor’s in mathematics?
With a bachelor’s in math, you can qualify for analyst, actuarial, and research roles. Many pursue graduate degrees for more advanced positions. But a bachelor’s equips you with analytical abilities that employers value. Double majoring in computer science also enhances employment options.
Here’s a video about the best math-related careers:
What entry-level jobs can you get with a math degree?
Common entry-level roles include data analyst, actuarial analyst, risk analyst, research assistant, and associate consultant positions. These roles allow you to apply mathematical knowledge while developing specialized industry skills. Both public and private sector employers recruit those with math degrees.
Should I double major in math and computer science?
Double-majoring in math and computer science boosts your competitiveness for data-driven roles. Math provides the statistical and analytical foundation, while computer science offers programming and technical abilities. The powerful combination makes you stand out, especially in lucrative fields like data science and quantitative finance.