How much mathematics consulting work is available?
I'm looking at majoring in Applied Mathematics. I know that there is some consulting that mathematicians do for large businesses or government organizations. How much does consulting contribute to your salary? How often can you get consulting work? #mathematics #consulting #statistics #applied-mathematics #financial-planning
I would say that in the fields of ecology and medicine, as well as industry, mathematical modelling is very popular. However, the big field right now is "data science". This is a combination of statistics, data manipulation, data visualization, and proficiency in software that do these like R, Python, and Tableau. If you promote yourself as a "Data Scientist", with strong math/statistics skills, you will be marketable.
The field of economics consulting would be worth looking into, which is very heavily focused on quant work / valuations. NERA (www.nera.com) is an example of a company that is in this field.