CAREER OPPORTUNITIES WITH A GRADUATE DEGREE IN MATHEMATICS
MATHEMATICIANS
A Ph.D. degree in mathematics usually is the minimum education needed, except in the Federal Government. Theoretical mathematicians advance mathematical knowledge by developing new principles and recognizing previously unknown relationships between existing principles of mathematics. Although these workers seek to increase basic knowledge without necessarily considering its practical use, such pure and abstract knowledge has been instrumental in producing or furthering many scientific and engineering achievements. Many theoretical mathematicians are employed as university faculty, and divide their time between teaching and conducting research. OCCUPATIONAL OUTLOOK HANDBOOK 2004-2005: MATHEMATICIAN
APPLIED MATHEMATICIAN
Applied mathematicians ... use theories and techniques, such as mathematical modeling and computational methods, to formulate and solve practical problems in business, government, and engineering, and in the physical, life, and social sciences. OCCUPATIONAL OUTLOOK HANDBOOK 2004-2005
Applied mathematicians start with a practical problem, envision the separate elements of the process under consideration, and then reduce the elements to mathematical variables. They often use computers to analyze relationships among the variables and solve complex problems by developing models with alternative solutions.... Frequently, applied mathematicians are required to collaborate with other workers in their organizations to achieve common solutions to problems. Much of the work in applied mathematics is done by individuals with titles other than mathematician. In fact, because mathematics is the foundation upon which so many other academic disciplines are built, the number of workers using mathematical techniques is much greater than the number formally designated as mathematicians. For example, engineers, computer scientists, physicists, and economists are among those who use mathematics extensively. Some professionals, including statisticians, actuaries, and operations research analysts, actually are specialists in a particular branch of mathematics. Society for Industrial and Applied Mathematics (SIAM)
Cryptanalysts analyze and decipher encryption systems designed to transmit military, political, financial, or law enforcement-related information in code. Occupational Outlook Handbook 2004-2005
A backkground in mathematics is used to price derivatives, manage assets, and to solve other problems in finance. A master's degree in financial mathematics would be ideal.
A master's degree in statistics or mathematics is the minimum educational requirement for most jobs with this title [statistician].
Statistics is the scientific application of mathematical principles to the collection, analysis, and presentation of numerical data. Statisticians contribute to scientific inquiry by applying their mathematical and statistical knowledge to the design of surveys and experiments; collection, processing, and analysis of data; and interpretation of the results. Statisticians may apply their knowledge of statistical methods to a variety of subject areas, such as biology, economics, engineering, medicine, public health, psychology, marketing, education, and sports. Many economic, social, political, and military decisions cannot be made without the use of statistical techniques, such as the design of experiments to gain Federal approval of a newly manufactured drug. Because statistical specialists are employed in so many work areas, specialists who use statistics often have different professional designations. For example, a person using statistical methods on economic data may have the title econometrician, while statisticians in public health and medicine may hold titles such as biostatistician, biometrician, or epidemiologist. OCCUPATIONAL OUTLOOK HANDBOOK 2004-2005: STATISTICIAN
GRADUATE EDUCATION IN AN AREA OTHER THAN MATHEMATICS
By properly choosing undergraduate electives, a mathematics major may be able to obtain the necessary background to enter graduate school in an area other than mathematics but in most cases this will require great effort. If you are considering doing graduate work in a major other than mathematics, you may well want to have a dual major, minor in mathematics, or change your major.