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Feb 13th 2017

Top 5 High Paying Jobs for Mathematicians

Many think that when you have obtained a degree in Math, the only career path available for you is a Math teacher at secondary school. But it is not true, there a lot of different opportunities available for the ones who don't need help with math. You can work in governmental institutions, insurance or finance companies, laboratories and IT departments of huge international companies. Moreover, you can help manufacturers, healthcare agencies, and environmental organizations. There are numerous great opportunities for the person with a math degree, and if you have a talent and finally decided to connect your life with this field this article is definitely for you!

Below you will find information about top five high paying jobs for math professionals.

1. Actuary

Average Salary: $60,800 to $119,600

An actuary is a professional who usually analyzes the financial effects of risks. In their work, Actuaries use statistics, economic theory, and math and study indefinite future events, connected with a pension and insurance programs.

In most cases, actuaries are hired by consulting firms, insurance companies, and government institutions. Moreover, large corporations, banks, hospitals and investment firms are interested in hiring actuaries to manage their financial risks. This career can be described as a great opportunity for the mathematician who is more likely interested in business processes rather than a technical math.

2. Computer Science Engineer

Average Salary: $66,700 to $112,600

A computer engineer, or a software engineer, is a professional who is responsible for developing, evaluating and testing the software system which makes computers work. This person can be involved in the development of video games, different business math apps and even designing new operating systems.

Computer engineers are the core part of software development companies and managing organization's computer systems. They are usually in charge of providing technical support and evaluating risks of software failure. In addition to math degree, it is great to have a computer science of engineering diploma. However, it is not always a must.

3. Statistician

Average Salary: $54,900 to $103,100

Statisticians are the professionals who use different mathematical techniques to analyze a large volume of data and draw conclusions. Type of statistic research usually depends on business domain statistician works on. Each analysis has its methods and tools you need to know before the start. That is why such specialists often choose one industry and its methods to become the top professional there. If you decided to choose this career path you can work almost in any area, including healthcare, government, manufacturing, financial business and many others.

4. Applied Mathematician

Average Salary: $54,300 to $96,500

Applied mathematicians are usually focused on problem-solving tasks, rather than creating new math methods and tools. These specialists are needed in many areas: systems biology, computational pharmacology, data protection, data mining, computer animation, economics, finance, ecology, and others.

To be successful in applied mathematics, you need to have an in-depth knowledge and ability to apply mathematical tools and like an equation, matrices, linear algebra, statistics and many others. Computing and programming skills for math app development are also needed.

5. Mathematician

Average Salary: $50,300 to $92,900

Like applied mathematicians, mathematicians are also aimed to solve different problems business might have with the help of different math methods and techniques. They are developing computational methods for problem-solving, applying various mathematical theories in science, business, economy, ecology, finance, and other fields, conducting different researchers to extend math knowledge.

As you see if you have a Math diploma or planning to get one without math homework help, you don't need to worry about your future career. Nowadays, professionals in exact sciences are required more than ever, because the majority of graduates choose law, accounting, business, and marketing as their primary occupation. And if you have a talent to Math and related fields you do have a lot of choices for your future.





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