A glimpse into the realm of mathematics & statistics
Nearly everything man-made around you has relied on a great deal of math to invent, produce and distribute. Even designing a soda can requires calculus skills that take some students months to learn. Producing materials is just the tip of the iceberg in regards to what mathematicians can do. Researchers and analysts rely a tremendous amount on statisticians in a flurry of industries. Take an insurance firm, for example. Insurance agencies constantly run numbers about the average risk associated with everything from driving an automobile to living an unhealthy lifestyle. Using these numbers - which constantly fluctuate due to new medicines, changing safety protocols and more - they formulate premiums for clients that are mathematically designed to earn a profit while remaining relatively affordable. All of this analysis requires the careful due diligence of math professionals.
On a general level, mathematicians work in the private and public sector often with teams of scientists, engineers and others to solve problems and make for a more efficient society.
Possible salaries for a career in mathematics & statistics
Your salary as a mathematics & statistics professional is largely decided by your specific job title, your level of education, your experience in the industry and your skill. Consider the following careers, with statistics compiled by the U.S. Bureau of Labor Statistics in 2012.
Mathematicians: 2012 Median annual salary of $101,360 (23 percent projected growth through 2022)[i]
Actuaries: 2012 Median annual salary of $93,680 (26 percent projected growth through 2022)[ii]
Statisticians: 2012 Median annual salary of $75,560 (27 percent projected growth through 2022)[iii]
Additional skills required for a career in mathematics & statistics
Data analysis is enormously important in mathematics & statistics and often requires expert knowledge with various forms of software and devices. While crunching numbers and learning formulas is often an exercise completed on paper while studying, offices often use particular programs to complete their work, and becoming familiar with these services may be critical to pursue a career in this field.