Math Related Careers - Jobs That Use Math
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.
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.
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.
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.
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.