Mathematics, as a subject that must be learned from childhood to adulthood, has a pivotal position in the disciplinary world, and students who like math want to improve their education chose to study in the United States, so what are the employment prospects for a master's degree in mathematics in the United States? Follow me to take a look!
In fact, in all walks of life now and in the future, it is more important that the numbers constitute the data.
No matter what type of organization or individual can no longer ignore the importance of big data, can no longer ignore the huge economic benefits of mathematical talent. According to the U.S. Bureau of Labor Statistics, salaries for math graduates will increase by 23% from 2012 to 2022, and the median salary for math graduates in 2022 is projected to reach $110,000, according to the U.S. Bureau of Labor Statistics.
But monetary income isn't the most important part of what you'll reap in your career. It's the career that will allow you to make the most of your superior problem-solving skills as a math graduate and your instinct for optimal solutions!
Mathematical research may be the most straightforward area for you to pursue, but business organizations, the financial sector, and banks are all good places to work. In many of these industries, you have a wide range of employment opportunities because your strong analytical and problem-solving skills and abilities are highly valued by employers!
Second, the U.S. master's degree in mathematics jobs1, accounting and finance positions
Accounting and finance is almost all companies in all industries need positions, so this position for math graduates to open up a wide range of job search space. Some of the specific positions you can choose from are: auditor, tax accountant, forensic accountant, management accountant and business consultant. To become a certified accountant, you also need to obtain professional certifications in addition to the most basic degree in mathematics or a related field. To obtain such credentials, you can choose to join a company in a related field as a trainee accountant, in which case your employer will be able to help you to some extent in gaining the experience and professional certifications you need to advance in your position.
2. Positions within the banking industry
Either a small retail bank or a large investment bank can be a good place to start. Both types of banks are involved in the financial evaluation of public **** and private individuals, with opportunities to focus on areas such as mergers and acquisitions, bonds and stocks, privatizations, loans and initial public offerings (IPOs). If you choose to enter this field, then your job duties will generally include market research, creating new business opportunities, developing financial models and solutions and presenting them to clients. Positions within the banking industry that are suitable for math graduates generally pay very well.
However, it is important to re-emphasize that graduates wishing to enter the banking sector may need to gain appropriate qualifications.
3. Actuaries
Actuaries are a relatively familiar and well-paid position. As an actuary, you'll be required to assess financial risks in order to better advise clients and help them manage their finances.
Actuaries are basically generally at the strategic heart of an entire company. You'll need to combine your ability to analyze risk with an in-depth understanding of economics and business to ensure that the company's investments are sound and business objectives are met.
Emerging actuary roles are in pensions and insurance, which is a relatively low-risk area, and you are likely to transition to work in banking, healthcare, or development in the middle to late stages of your career.
Similar to a consultant in an insurance company, as an actuary you are likely to have direct contact with clients.
Finally, there's one thing that all actuaries need to be able to do: the ability to communicate complex data and analytics to a non-specialist audience.
4. Statistical positions
As a statistician, you'll need to be able to count, analyze, interpret, and present quantitative data such as statistics. Whether you are in the healthcare industry, a government department, a financial institution or a sports club, etc., you will need people with mathematical and analytical skills.
As a statistician, you'll likely need to collect, manage, and organize data through surveys, experiments, and contextual analyses, and then create reports based on these and make actionable strategies and recommendations for the situation at hand. For example, making better financial decisions to achieve higher business goals.
For this type of role, you'll need to be analytical, have excellent communication skills, and be skilled in IT.
5. Academia and research positions
It is now well recognized that careers in mathematics extend far beyond academia and research, but these areas are still very popular with math graduates.
By becoming a researcher in mathematics, you are likely to discover new theories and applications, advance a range of discoveries and developments, and follow in the footsteps of some of history's great mathematicians.
Academic and research-based careers in mathematics can be very wide-ranging and will depend on which area you want to specialize in. Although many are within universities, many academics are also often involved in the publication of popular science journals and professional journals, or complete publication writing.
In addition to this, other common positions suitable for math majors are: intelligence analysis, business research, statistical research, logistics, financial analysis, market research (business), management consulting, IT (systems analysis, development, or research), software engineering, computer programming, the public **** sector (consulting skills as a scientist or statistician), scientific research and development (e.g. biotechnology , meteorology or oceanography), etc.
Next, let's take a look at the more atypical careers for math graduates.
6. Engineering
Having an engineering degree is not a requirement to get into the engineering field, and you can with a math major! Math graduates, who are good at solving mathematical problems and are also often good at helping to solve real-world physical problems, can work in mechanical, structural, aerospace, and many other engineering fields. That said, engineering careers often require specialized knowledge, not a math degree.
If you want to go into the engineering field, then you can do relevant internships from the time you're in college that will help you get a job after graduation.
7. Meteorology
As a math graduate you could also become a meteorologist.
Although for simply predicting the weather, you might be a bit too big for your britches. However, you'll likely have other job responsibilities: studying weather conditions from data collected from weather stations, radar, remote sensors and satellite imagery around the globe in order to explain the causes and generate forecasts, among other things.
To qualify for this role, you'll need excellent IT skills, but also strong skills in analyzing and interpreting complex mathematical data.
8. Teaching
When you enter an educational institution, you have the option of realizing your career by focusing on teaching, in addition to research. Math is a top priority in the primary and secondary education system. Of course, to teach math, you need a formal teaching license. In the U.S., you can usually get this certification in less than a year and be able to receive government subsidies. If you want to teach at the university level, you'll need a minimum of a graduate degree in the corresponding subject. Of course, if you choose a teaching path, you can also pursue academic research in the teaching pair.