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Math Related Careers - Jobs That Use Math

Updated on March 21, 2013

Sometimes in life, we know what we love and enjoy doing. But, we don't always know how to use what we love to make a living. If you have a passion for any form of mathematics, these careers are for you. Learn what each job is like, how much it pays and what it takes to get there.

Statistician

Job Description: Statisticians design surveys, experiments, and opinion polls to collect data. One notable survey is the U.S. Census. Statisticians use mathematical techniques to analyze and interpret data and draw conclusions. Many economic, social, political, and military decisions rely on the work of statisticians. Statisticians use computers with specialized statistical software to analyze data.

2010 Median Annual Pay: $72,830

Educational Requirements: Most Statisticians are hired with a Master's Degree in Statistics, Mathematics or Survey Methodology. A Bachelor's Degree in these field may get you an entry level position in Statistics. However, most teaching and research positions require a PhD.

Mathematician

Job Description: Mathematicians working in theoretical mathematics are concerned with expanding and clarifying mathematical theories and laws.
Mathematicians doing applied work use the theories and laws developed by theoretical mathematicians. Applied mathematicians solve specific problems in such fields as physical science, social science, business, computer science, government, biology, and engineering.

2010 Median Annual Pay: $99,380

Educational Requirements: The most common education requirement to become a mathematician is a graduate degree in Mathematics. However, it is sometimes possible to obtain a job in Mathematics with as little as a Bachelor's Degree in Mathematics.

Actuary

Job Description: An actuary is a business professional who analyzes the financial consequences of risk. Actuaries may work for insurance companies, consulting firms, government, employee benefits departments of large corporations, hospitals, banks and investment firms, or, more generally, in businesses that need to manage financial risk.

2010 Median Annual Pay: $87,650

Educational Requirements: Actuaries are typically required to have a Bachelor's Degree in Mathematics, Statistics, Business or Actuarial Science. To become certified, one must pass a series of exams that take 4-6 years to complete.

Operations Research Analysts

Job Description: Operations Research Analysts formulate and apply mathematical modeling to develop and interpret information that assists management with decision making, policy formulation, or other managerial functions. They frequently concentrate on collecting and analyzing data and developing decision software. Operations Analysts are involved in developing optimal time, cost, or logistics networks for program evaluation, review, or implementation.

2010 Median Annual Pay: $64,600

Educational Requirements:Typically, a Master's Degree in operations research is needed for Operations Research positions. A Bachelor's Degree may suffice for entry level positions. Common degree fields of those hired include: Computer Science, Mathematics, Management Science, and Engineering.

Cost Estimator

Job Description: Cost Estimators identify and quantify cost factors, such as production time and raw material, equipment, and labor expenses. They also use sophisticated computer software to calculate estimates and evaluate a product’s cost effectiveness or profitability

2010 Median Annual Pay: $57,860

Educational Requirements: The general requirement to become a Cost Estimator is a Bachelor's Degree in a field related to that they will be working in. Business related fields are also preferred such as accounting, finance, business or economics.

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    • Learning in Life profile imageAUTHOR

      Megan Smith 

      5 years ago from Florida

      I love math even though very few people do. Those who excel/ love, science, technology or math have a very bright future available for them. Good luck IKordic

    • profile image

      IKordic 

      5 years ago

      Nice information, I truly love math - as a high-school graduate it's time for me to pick a college. Guess what? I'll attend the math college here, and this info makes me proud of being good at math! Guess I'll find a job in no-time :D

    • billybuc profile image

      Bill Holland 

      5 years ago from Olympia, WA

      I can't say I love math but I'm good at it. Having said that, I can't imagine having one of these careers. I'd be crazier than I am now. :)

      Good information my young friend.

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