Are you thinking about what can you do with a math degree?
Then, you must know that mathematical experts are in demand across different kinds of industries all around the world. A significant number of math careers are based on science and technology-related sectors and business.
Thanks to the growing importance of big data, technology, and economic efficiency. Because of this, expert number crunches are high in demand in most of the organizations.
According to a journal of the US Bureau of Labor Statistics, the job market for skillful mathematicians is expected to grow by 26% between 2014 and 2022, with a median salary of US$130,000.
Math graduates can also occupy several roles like actuary, accountant, statistician, technician, market researcher and economist.
Prosper Your Career In Banking:
One of the most promising career options available for math graduates is a career in banking. From retail banking to corporate investment banking, you can get several opportunities within this banking sector. You can flourish in the private as well as public banks. Both organizations deal with financial assessments.
The job-seekers with the math degree can specialize in some areas including privatizations, bonds and shares, mergers and acquisitions, lending, and IPOs (initial public offerings).
The employees need to do market research, develop financial models, create new business opportunities, and give solutions to the clients’ queries. However, if you want to establish and settle down in a high post in the banking sector, you must boast of professional qualification in Finance.
A Career As A Statistician:
After completing a post-graduation degree with a math major, one can become a successful statistician. They mainly deal with statistics, which is analysis, collation, interpretation, and presentation of quantitative data.
The statisticians are in high demand in numerous industries like healthcare, government and finance sectors, and sports. The employees manage, collect, and arrange data by conducting surveys, contextual analysis, and experiments.
They also need to create reports, advise colleagues to take possible strategies. Statisticians are essential to provide good financial decisions to achieve business goals.
Besides the strong grip over mathematics, the job-seekers also need to have IT skills and strong communication skills.
Check Out! Our Video On Mathematics Career Opportunities
Besides that, you may think what you can do with a mathematics degree other than these mentioned career options. There are lots of other choices that you can give a try with a math degree.
Math Graduates Make Their Career As A Data Scientist:
The mathematics major provides theoretical underpinnings of data science. Mathematics focuses on the study of Statistics, machine learning, data structures, and analysis of algorithms, computer architecture, and several other aspects of data science.
It is a booming field, and the students taking math majors have the option of becoming a data scientist. The skills a student needs to have are knowledge of experimental statistics, outstanding programming skills, and math modeling experience.
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You Can Be An Accountant With A Math Degree:
The students who have taken math major can shape their career in accountancy. The career path which accountancy offers, covers many industries. Accountancy offers many doors that lead to a wide variant of career options. You can become an auditor, forensic accountant, tax accountant, corporate adviser, and management accountant.
However, to become a chartered accountant, you also need to do higher studies even after you have an undergraduate degree in mathematics degree. The math students generally start their career as a fresher or trainee in the internship program in this field. They need proper experience to accelerate their careers and settle in a higher post.
The Average Salary For Careers Related To Math
Mathematicians: $ 105,010
Actuaries: $ 103, 570
Statisticians: $ 86, 750
Operations Research Analysts: $ 82, 410
You Can Also Shape Your Engineering Career With A Math Degree. Do You Know?
It is true that the most common entry card to enter the engineering field is a technical degree in the specific engineering domain. However, a math degree can also work out and help you to establish as an engineer in a specific role.
Maths graduates are adept in calculating mathematical problems. After studying math as a major subject for many years make you versed in solving real-world, physical problems. The students can also enroll in Pearson’s MyMathLab portal and get MyMathLab answers from reliable service providers to get an online math degree.
The pass out students of math can be found working in aeronautical, structural, mechanical, and many other realms of engineering.
Engineering fields often need specialized knowledge which is not covered during a math degree. The work experience and internships can help you to improve your employ-ability.
Areas Of Employment For Fresher Math Graduates
The math graduates, who passed out in 2018, have taken up jobs in many areas. Find the top five areas of work here-
Education professionals- 9.3%
Information technology professionals- 12 %
Business, finance professionals and HR- 41.9%
Clerical, secretarial and numerical clerks – 6.8%
Retail staffs- 8.5%
Mathematical science and statistics students mainly get attracted to some careers. What are those? Take a look-
According to a survey of 62,000 undergraduates carried out by Trendence UK in 2018, investment banking is the most popular career choice for Maths graduates.
Four in ten of math students expressed interest in this domain. Let’s check out the most popular career choices for math students. Those are as follows-
Investment banking- 40.1%
Financial service, banking, and insurance- 33%
Accounting and Financial management- 27%
IT and Technology – 31%
Skills To Be Added On A Math Graduates’ CV
1. Employers prefer math students, as they are logical and numerate. They are sought after in the investment banking, finance sectors, retail, as well as logistics.
3. Problem-solving skills
4. Logical and quantitative thinking
5. Statistical interference
6. Handle tricky challenges
Careers In Research & Academia:
It has been already stated that careers in mathematics go beyond the realms of research and academia; the mathematics students still find these fields very cherishing. These sectors may appeal to those who want to accelerate to the next series of discoveries, applications, and theories of the field.
Research-based and academic careers in math are incredibly wide-ranging. It depends upon on which area you wish to specialize in. While many posts for researchers are allotted for university departments, long-term academics are also often involved in contributing to journals, publishing, specialist periodicals, or helping to produce complete publications.
You Can Establish Your Career As An Actuary With A Math Degree
This is another bankable career door for a degree-holder in mathematics. The duties of an actuary starts include evaluating the financial risk to manage and advise the clients. They must harbor profound knowledge in business and economics as they have to combine risk analysis skills with their knowledge.
Actuaries reside at the center of business strategy. They ensure beneficial investments are made and commercial goals are attained. Actuaries usually work within insurance and pensions in a low-risk area initially. They may get to work in banking, healthcare, or investment.
The roles of an actuary are client-facing as they work in consultancies and insurance and pension companies. All actuaries need to master the skill of communicating complex data to the non-specialists.