Jobs in math and stat

General information

There is a strong demand for people with good quantitative skills. Various career rating sites rated math related jobs as the best available. For example, CareerCast lists the top four jobs in the country as mathematician, university professor, statistician, and actuary (see below). Forbes: Best jobs for 2014 says:

Most jobs for mathematicians used to be confined to the cloistered halls of academia. But in the age of big data, an increasing number of companies are hiring mathematicians to crunch numbers for all sorts of projects, from energy firms that need to figure out the most efficient ways to get products to distributors, to the U.S. Department of Transportation, which must calculate how best to spend agency money. The Bureau of Labor Statistics projects that job opportunities for mathematicians will grow 23% between 2012 and 2022 and it pegs the median 2012 mathematician’s salary at $110,000. Those statistics land mathematician at the top of career advice and job listing website CareerCast’s 2014 list of the 10 best jobs in the U.S.

Update for 2015 from Forbes

Here are some other websites that describe the range of jobs you can have with a mathematics or statistics degree. NOTE: This information is provided as a resource; I do not endorse any of the organizations and cannot vouch for their reputations.

Mathematics Association of America career info lists statistician, actuary, computer science, operations research, biomathematics, cryptography, teaching, and finance among math careers.

UC Davis website on math jobs

US government jobs in mathematics and statistics

Private (not official) listing of government jobs in math and stat

Statistics

American Statistical Association career info discusses careers using statistics.

ThisIsStatistics discusses careers using statistics.

Panel on jobs in statistics in Washington DC on 17 February 2016, 3:30-6:45 pm, see pages 11-12

Internships in statistics

Data Science

The Math/Stat Department at American University has a few courses in Data Science; in Fall 2017 there will be more courses and the ability to get a certificate, a minor, or a major.

Information about Data Science describes this new field that combines statistics and computation.

Careers in Data Science.

Actuarial Science

Actuarial Science is a great career that involves using mathematics and statistics to analyze data and predict trends. The traditional job for an actuary was with an insurance company, where one would model costs from auto accidents, fire, natural disasters, life and health insurance, etc. These models are used to set premium prices. Now there is a need for people with these skills in government agencies, large private companies and unions.

Various job rating surveys have rated actuary as one of the best jobs in the future. This is because there is a long term demand for these positions, they are secure long term careers, opportunities to advance, strong salaries (above those of economists, attorneys, accountants or professors!), safe working conditions, etc.

If you are interested in actuarial science, you should take the following courses: Math 221 (Calculus I), 222 (Calculus II), 223 (Calculus III), 501 (Probability), 565 (Math. Applications of Interest and Derivatives); Stat 202 (Basic Stat), 302 (Intermediate Stat), 502 (Introduction to Mathematical Statistics); and CSC 280 (Introduction to Computer Science). Some of these, e.g. Math 501 and Math 565 prepare you directly for two of the actuarial exams.

Below are some links to websites that can give you more information.

 

 

Internships, jobs, and summer programs for students

Look at the links above for Statistics and Actuarial Science for internships in those special fields. Below are some links to websites that can give you more information.

 

 

Teaching Math