Mathematics is applicable to nearly every industry today, from science and technology to business, retail, healthcare, and more. Professionals with advanced degrees in math are highly desirable for their mastery of certain skills—particularly for their critical thinking and problem-solving expertise, says Thomas Goulding, lead faculty member for Northeastern University’s programs in artificial intelligence and analytics.
“You won’t see too many job postings for theoretical mathematicians, but where the field of study becomes especially valuable is in a graduate’s ability to apply mathematical concepts to solve any problem they put their mind to,” Goulding says. “Mathematicians have strongly developed logical skills and decomposition skills, they’re very organized, and they can more easily attack big-picture problems.”
Math majors diverge into two distinct career paths: While some may work in academia as math researchers, others work in diverse industry roles. The industry path is far more common than academic research, Goulding says.
Industry roles vary greatly and the opportunities are endless based on your interests. People with an advanced degree in mathematics and an interest in technology may work as computer programmers, software developers, or data scientists, for example. Others with business interests may take jobs working as auditors or financial analysts, or work as medical scientists if they’re pursuing a career in the healthcare industry.
“You have to transfer your math skills into something that’s interesting and useful to you,” Goulding says. “Ask yourself where your interests lie and how a variety of industries could use technical people like yourself.”
Here’s a sample of 10 careers for people who love math.
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Career Paths for Math-Lovers
1. Auditor: $70,500
Auditors examine and prepare financial records while checking for their accuracy, then explaining their findings to key stakeholders. Internal auditors check for mismanagement of an organization’s funds and identify ways to improve processes for eliminating waste and fraud. External auditors are employed by an outside organization to perform the same tasks, while information technology auditors review controls for their organizations’ computer systems.
2. Data or Research Analyst: $83,390
Data analysts use advanced mathematical and analytical methods to help businesses investigate complex issues, identify and address inefficiencies, and make strategic, data-driven business decisions. They frequently use statistical tools to interpret data sets and prepare reports for executive leadership that effectively communicate business trends, patterns, and predictions.
3. Computer Programmer: $84,280
Computer programmers write and test code computer application and software program code. These professionals update and expand existing programs, check programs for errors and fix faulty lines of code. Computer programmers are well-versed in a variety of computer languages, including C++ and Java, and jobs require a background in a variety of math topics.
4. Medical Scientist: $84,810
Medical scientists form hypotheses and develop experiments, often using clinical trials and other investigative methods to research their findings. A medical scientist who performs cancer research may experiment with a combination of drugs that could slow a cancer’s progress, for example. Medical scientists must have a strong background in life sciences, physical sciences, and math.
5. Financial Analyst: $85,660
Financial analysts evaluate investment opportunities in banks, pension funds, mutual funds, securities firms, insurance companies, and other businesses. They’re responsible for evaluating current and historical financial data, studying economic and business trends, and meeting with company officials to gain better insight into the company’s prospects. There are several types of financial analysts, including portfolio managers, fund managers, ratings analysts, and risk analysts.
6. Statistician: $88,190
Statisticians work in a variety of fields—including business, engineering, and the sciences—and apply and develop new mathematical theories and techniques to solve problems. These professionals design surveys, experiments, and opinion polls to collect data, then interpret the data and report conclusions. Statisticians may work alongside chemists, material scientists, or chemical engineers to analyze the effectiveness of new drugs, for example.
7. Actuary: $102,880
Actuaries analyze the financial costs of risk and uncertainty using math, statistics, and financial theory. They also help businesses and clients develop policies to minimize the cost of those risks. Actuaries are essential to the insurance industry and must be experts in advanced statistics and modeling software, mathematics, and business.
8. Economist: $104,340
Economists study the production and distribution of goods, resources, and services by collecting and analyzing data, researching trends, and evaluating economic issues. These professionals study a variety of fields, including health, development, education, and the environment, while others study employment levels, exchange rates, or business cycles.
9. Software Developer: $105,590
Software developers are responsible for the development process of a software program. They analyze users’ needs, then design, test, and develop software that meets those needs. There are a variety of software developers, including application software developers, who design computer applications, and systems software developers, who create the systems that keep computers working.
10. Data Scientist: $121,500
Data scientists design and build new data set processes for modeling, data mining, and production. In addition to performing and interpreting data studies and product experiments with various data sources, these professionals are tasked with developing prototypes, algorithms, predictive models, and custom analysis.
For those who love working with numbers, career options extend far beyond theoretical mathematics. Explore Northeastern’s related degree programs, or download our guide to working in analytics below.