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What are common career paths for a math major?

I am interested in math, but cannot see myself teaching. What other possibilities are there? #applied-mathematics

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Arjun’s Answer

Teaching


The teaching of mathematics at the K-12 level is a high-demand field and the need is expected to grow in the future. The place to go for explicit career information is the National Council of Teachers of Mathematics homepage (http://www.nctm.org/).


Actuarial Science


Actuarial science takes mathematics and statistics and applies them to finance and insurance. Actuarial science includes a number of interrelating disciplines, including probability and statistics, finance, and economics. Check out http://www.beanactuary.org/.


Statistics


The proliferation of statistics in everything ranging from business to government has inducedmany organizations to seek math majors. Statisticians use surveys -- for example, opinion polls -- to predict the patterns of behavior of large groups based on relatively small samples. They ask questions such as: How can we be sure that what we predict from our small sample is true of the population being sampled? Probability theory provides the theoretical foundation for statistics. For more information, visit American Statistical Association (http://www.amstat.org)


Computer Science


Computer science is the study of the theoretical foundations of information and computation and their implementation and application in computer systems. Mathematicians, with their training in logical and precise thinking, are highly prized in this field. See the student section (http://www.acm.org/membership/panel?pageIndex=2) of the Association for Computing Machinery for career advice.


Operations Research


Operations research is an interdisciplinary branch of mathematics which uses mathematical methods to arrive at optimal decisions to problems in maximizing or minimizing things like costs or profits. The eventual intention behind using Operations Research is to elicit a best possible solution to a problem mathematically, which improves or optimizes the performance of the system. The group INFORMS (http://www.informs.org/) is the world's largest society devoted to operations research/management science.


Biomathematics


Mathematical biology or biomathematics is an interdisciplinary field of study. It models natural and biological processes using mathematical techniques and tools. Results have been applied to areas such as cellular neurobiology, epidemic modeling, and population genetics. The education page (http://www.smb.org/education/index.shtml) of the Society for Mathematical Biology links to schools offering biomath degrees along with a description of the coursework needed.


Cryptography


Cryptography is the practice and study of hiding information. Cryptography is considered to be a branch of both mathematics and computer science. Not just for spies anymore, cryptography applications include the security of ATM cards and computer passwords.


Finance


Finance is a field that studies and addresses the ways in which individuals, businesses, and organizations raise, allocate, and use monetary resources over time, taking into account the risks entailed in their projects. Mathematicians can build models to help explain and predict the behavior of financial markets. Several schools offer Master's degrees in Financial Mathematics. A quick web search will take you to their web pages.


Further information about careers in mathematics can be found at:

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Michaela’s Answer

I'm proud to share that I completed my studies in applied mathematics, initially with the intention to step into the actuarial world. But, life had a different plan, and I swiftly transitioned into the fascinating realm of data science. In my role as a data scientist, I frequently collaborate with various teams, helping them unravel the mysteries of their business issues. I utilize my strong foundation in mathematics and statistics, along with my proficiency in SQL, R, and Python, to guide them towards making decisions rooted in solid data.

If you're someone who gets a kick out of solving word problems in math, enjoys creating and analyzing data visualizations, and doesn't shy away from learning new programming languages, then this career path could be a perfect match for you! It's certainly a profession worth exploring!
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Lisa G.’s Answer

Just adding an explanation of an actuary. An actuary is a business professional who evaluates risk, often in an insurance company. There are also more nontraditional opportunities for actuaries because risk is so much a part of modern life.

If you like what you see on the website you should know that you need to be a self starter as an actuary, so you can pass the exams required to get the credentials while you are also working in a business environment. But you don't have to go to school beyond an undergraduate degree to get these credentials.
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