A career in mathematics typically involves the use of mathematics, statistics, and financial theories to assess risk and solve complex problems. Mathematicians possess strong problem-solving, mathematical, and communication skills.
Because there are several uses for knowledge of mathematics in the workplace, being a math professional ushers you into many lucrative career opportunities if you invest everything it takes to earn a college degree.
According to the Bureau of Labour Statistics (BLS), math professionals earn an average salary of $90,410. Therefore if you have the passion and skills to qualify for careers in mathematics, you may enjoy a rewarding and lucrative future.
Take a quick glance at the table of contents below.
What is Mathematics?
Mathematics is the science of structure, order, and relation that has evolved from elemental practices of counting, measuring, and describing the shapes of objects. It is the abstract science of number, quantity, and space, either as abstract concepts (pure mathematics) or as applied to other disciplines such as physics and engineering (applied mathematics).
What A Degree In Mathematics Is All About
Mathematicians and statisticians are in demand across a range of sectors and employment opportunities are commonly found in: education, engineering, finance, banking, and accountancy firms, government agencies, insurance companies, IT firms, business consultancy firms, market research and marketing companies, medicine and health companies, research institutes, etc.
A degree in math is a professional pathway for those seeking solutions to real-world problems. It’s an important discipline to study because many roles require a basic or advanced understanding of mathematical concepts.
Earning a bachelor’s degree in mathematics enhances an appreciation of the role mathematics has played in society, from early times through the technological age. When you earn your BA in mathematics, you’ll develop an advanced ability in mathematical methods, reasoning, and problem-solving.
Postgraduate study at Masters’s level, for example, can be useful for some maths-related careers such as operational research, medical statistics in pharmaceutical companies, meteorology, and engineering design. A PhD may be helpful for finding work in these areas and is essential for academic careers.
Generally, a degree in mathematics furnishes students to make quantitative predictions, analyze data, and solve complex mathematical problems.
Why Choose A Career In Mathematics?
According to the US Bureau of Labor Statistics (BLS), between 2018 and 2028, the job market for mathematicians is expected to grow by a whopping 30 percent, with a predicted median salary of $88,190. This data is enough to prove that choosing a career in math is worth it.
What Can You Do With A Mathematics Degree?
With a degree in mathematics, there are a couple of o job prospects open for you. Mathematics graduates are in demand across all kinds of industries the world over. With a degree in math, you’ll have access to career opportunities in sectors you may never have even considered, including specialized fields such as in law or medicine. However, a large number of math careers are based within business or science and technology-related sectors, with math graduates occupying roles such as accountant, actuary, statistician, technician, economist or market researcher.
Top 10 Careers in mathematics that are Marketable in 2024
1. Physicist
The world of professional physicist is anything but purely intellectual. To be a successful physicist, you will need to make accurate observations of the natural world and transform these observations into complex mathematical calculations. Physicist obviously need to understand mathematics to do their jobs well. These days, physicist with strong mathematics skills are in more demand than ever as the international physics community seeks to create alternative models that effectively explains the latest paradoxes that reality has produced. As you gain acclaim in your field and get better physicist gigs, you could end up making more than $170,000 per year.
SEE ALSO: 10 Best Physics Schools in the World | 2024
2. Database Administrator
A database administrator uses highly specialized software to store, organize, and implement data. While computer skills dominate most of this career, there is certainly a need for mathematical skills that help make the database more effective to the company. The average salary earned is $87,020. And with an expected growth of 11%, this is a career that will be around for a while.
3. Financial Analyst
Third on our list o careers in mathematics is financial analyst. A financial analyst accesses the performance of stocks, evaluate financial data, and study economic business trends. The ability to use math (such as statistics) to enhance future success is crucial to this job. With a salary of $84,300 and an expected growth of 11%, many companies and individuals need the help of a financial analyst.
4. Aerospace Engineer
Aerospace engineers devise alternative systems for keeping objects in the air better for longer. Like all engineers, it task aerospace engineers with creating brand-new ideas from scratch;the creative aspect of mathematics really comes to bear in this field. Using math and physics, aerospace engineers invent new fuselages, wings, engines and other components for flying craft. They devise tests for these inventions and they determine how their creations will have to be integrated into actual flying machines. This field is often a field of tireless trial and error, so if you are easily frustrated, consider another career. An aerospace engineer makes an average of $115,220 making it a marketable mathematics career.
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5. Actuary
Actuaries help insurance companies set rates. As an actuary, you will manage risk and set rates for an insurance company. They analyze various types of statistics and research clients to protect an insurance company’s bottom line. As an actuary, your ability to analyze complex data will get you ahead in this field. The BLS said that actuaries made an average of $101,560 in 2018. If analytical math is your thing, you can make a decent living working as an actuary.
YOU MAY WANT TO SEE: How to Become an Actuary in the U.K | 2024 -Requirements, Cost, Programs
6. Neuropsychologist
While neuropsychologist might not really seem like a math major’s pick, this career path involves lots of statistics and data analysis. As a neuropsychologist, you will use mathematical models to further knowledge of the structure of the brain and understand learning, emotions and other aspects of human consciousness. A neuropsychologist makes about $94,650 on an average. These professionals use their data analysis skills to better understand people why they do the things they do.
7. Cryptographer
As a cryptographer, you will determine novel ways to encrypt and decrypt data. This field, however, requires a lot of creativity, which makes it perfect for an adventurous math major. A lot of the work of a cryptographer though, is pure data analysis. According to Study.com, cryptographers make an average of $112,560.
8. Mathematician
To be a professional mathematician, you will need to love numbers for themselves instead of what they can do to the world. Mathematicians deal in abstractions, and they also try to solve the most complicated numerical relationships in existence. Theoretical mathematicians focus on abstract issues and contribute to the evolution of human society, but they do so by increasing the knowledge on how the world of numbers interrelates. Yearly, an average mathematician makes the total of $130,000. Math majors become mathematicians when they love math so much that they never want to step outside academia.
9. Statistician
Next on our list of top careers in mathematics is statistician. A Statistician identify trends by analyzing data. As a statistician, you will develop improved data collection, you will interpret it to determine trends. The BLS report statisticians make an average of $84,060. People who are interested in why things happen in the world would make great statisticians.
SEE ALSO: 21 Masters Scholarships For Statistics In 2024
10. Economist
Economics is pure nearly math but with the added advantage of being all about the money. Being an economist is one of the most robotic directions you can take in your math career. Market analysis is almost 100 percent analytical; by watching markets, you determine how they are likely to move. As an economist, you might work at a think tank and research the company for policy reasons. Or, you might work for a business and help your superiors improve their profits. According to BLS, economists made around $104,340 in 2018, which might be the case till today. So if you are a highly analytical math nut, economics is right for you.
Conclusion
If you are one person who enjoys numbers, then perhaps you should consider acquiring a degree in mathematics which will prepare you for one of the best jobs for a top career In mathematics
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