Best Math Related Careers in 2010
Are Math Geeks Getting the Best Jobs?
When you were in school, you might have though kids who liked math were nerds. Now it seems that us math geeks are adding up the cash as well as the numbers. Math related careers are some of the highest paying today, along with having very safe and comfortable working environments. The salaries below are medians, meaning about half of people in that field make more. The careers listed are just a small sample of the many jobs for graduates majoring in math or a related field.
Median Salary: About $65,000 per year
College Majors: Mathematics, Statistics
Job Description: Statisticians use probability to create optimal samples for surveys and clinical trials. They can then analyze the results of these studies to project them to the population. The collection and analysis of data is vital for almost every industry, making statistical analysis an important part of many fields. Statistics can be used to analyze the effectiveness of marketing campaigns, the success of a new medicine, population changes, and the popularity of politicians. Statisticians can also forecast economic growth or decline, and project costs and financial risks for a company. Though very mathematically inclined, a large part of statistics is actually interpreting the numbers. Theoretical statisticians focus more on deriving new principles and formulas to be used for statistical analysis, while mathematical statisticians focus on using those formulas to help a company or organization analyze data.
Median Salary: About $55,000 per year
College Majors: Accounting
Job Description: Accountants use the mathematical principals related to finance and taxes to help consumers manage their money. These consumers are not limited to individuals. Many accountants work for large firms or businesses, keeping financial records and helping management to make important decisions. Accountants learn to aid in filing taxes. Using GAAP (generally accepted accounting principles), they can analyze current profits and project future account balances.
Median Salary: About $83,000 per year
College Majors: Mathematics, Actuarial Science
Job Description:Actuaries work for businesses to calculate risk and potential loss. Using aspects of statistics, actuaries find the probability of certain financial events. Using these probabilities, they can help the organization formulate a plan to minimize loss. Actuaries often work in industries where risk plays a big part in the companies profit, such as the insurance industry. The job of an actuary is especially important during these tough economic times when everyone is looking to avoid losing money.
Median Salary: About $100,000 per year
College Majors: Mathematics
Job Description: Mathematicians use math to solve important problems for businesses and international organizations. They often work to develop mathematical models for real-life events in areas such as biology and economics. Theoretical mathematicians search for new formulas and mathematical principles.