The projected job growth for mathematics is estimated to be 30% from 2018 to 2028.
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Mathematics is a diverse field that offers a variety of career paths, and the projected job growth for this field is significant. According to the Bureau of Labor Statistics (BLS), the projected job growth for mathematics is estimated to be 30% from 2018 to 2028. This growth rate is much faster than the average for all occupations, which is 5%.
The growth in mathematics-related jobs is due to its increasing importance in industries such as finance, healthcare, and technology. Mathematics is an essential and foundational component of these industries, and as they continue to grow, so does the demand for mathematicians and related professionals.
As John Urschel, former NFL player and mathematician, said, “Mathematics is not just numbers or formulas – it’s about finding deep patterns and connections between seemingly unrelated things.” This sentiment is reflected in the wide range of career paths available to those with a mathematics background. Some of the most common jobs in the field of mathematics include:
- Mathematician
- Actuary
- Operations Research Analyst
- Statistician
- Data Scientist
These jobs all require strong problem-solving and analytical skills, as well as proficiency in programming languages like Python and R. The BLS reports that the median annual wage for mathematicians was $105,030 in May 2019, with the highest 10% earning more than $182,870.
A table below provides a snapshot of some key statistics on the projected job growth and salaries for some jobs in the mathematics field:
Job Title | Projected Job Growth (2018-2028) | Median Annual Salary (May 2019)
Mathematician | 26% | $105,030
Actuary | 20% | $108,350
Operations Research Analyst | 26% | $84,810
Statistician | 31% | $91,160
Data Scientist | 31% | $94,280
In summary, the projected job growth for mathematics is significant, with a 30% growth rate estimated from 2018 to 2028. This growth is driven by the increasing importance of mathematics in a variety of industries, and mathematicians and related professionals can expect strong salaries and a range of career opportunities. As the famous mathematician John Nash said, “Mathematics, rightly viewed, possesses not only truth but supreme beauty.”
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In “WHAT JOBS CAN YOU GET WITH A MATHEMATICS MAJOR: The Importance of Math for Jobs,” Nathan Dalaklis highlights how studying math can help develop analytical skills that are transferable to various career paths. Math provides a conceptual understanding of problem-solving, which is necessary in engineering, logistics, and information technology jobs. A math degree can serve as a foundation for fields including physics, chemistry, statistics, data science, finance, economics, product development, and teaching. However, the speaker notes that it’s not enough to just have a math degree and encourages viewers to consider how math can help them develop skills, while also suggesting more technical math content on his channel.
Some further responses to your query
Job Outlook: Projected to grow 31% from 2021 to 2031, with an estimated 4,100 openings projected each year. Standard Education: Mathematicians typically have a bachelor’s degree in mathematics or a related field, such as physics or computer science.
29 percent
Workers in this group use arithmetic and apply advanced techniques to make calculations, analyze data, and solve problems. Overall employment in math occupations is projected to grow 29 percent from 2021 to 2031, much faster than the average for all occupations; this increase is expected to result in about 82,000 new jobs over the decade.
Workers in this group use arithmetic and apply advanced techniques to make calculations, analyze data, and solve problems. Overall employment in math occupations is projected to grow 29 percent from 2021 to 2031, much faster than the average for all occupations; this increase is expected to result in about 82,000 new jobs over the decade.
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What is the job growth for mathematicians?
As a response to this: Job Outlook
Overall employment of mathematicians and statisticians is projected to grow 31 percent from 2021 to 2031, much faster than the average for all occupations. About 4,100 openings for mathematicians and statisticians are projected each year, on average, over the decade.
Are math majors in demand?
Answer will be: Job Prospects for Math Majors. The math occupational career paths all pay well, with median salaries at least twice the median wage across all occupations in the United States. The BLS predicted that job opportunities for the math occupational group as a whole would increase by 28 percent between 2020 and 2030.
Will math be useful in the future?
The reply will be: It can help develop specific areas of the brain and improve analytical and reasoning skills. It can help students become more practical and be beneficial in everyday situations.
What is the projected job growth for financial?
Answer to this: Job Outlook
Overall employment of financial analysts is projected to grow 9 percent from 2021 to 2031, faster than the average for all occupations.
What are the job prospects for high school math teachers?
Job prospects are expected to increase moderately for high school math teachers. The U.S. Bureau of Labor Statistics (BLS) predicted a job growth of 8% for secondary school teachers from 2020-2030 ( www.bls.gov ). This would be an increase of 77,400 jobs.
What is the projected job growth for secondary school teachers?
Response will be: The U.S. Bureau of Labor Statistics (BLS) predicted a job growth of 8% for secondary school teachers from 2020-2030 ( www.bls.gov ). This would be an increase of 77,400 jobs. The BLS attributed this projected growth to increased student enrollment as well as declining student-teacher ratios.
How many jobs are there for mathematicians & statisticians?
Answer to this: About 4,100 openings for mathematicians and statisticians are projected each year, on average, over the decade. Many of those openings are expected to result from the need to replace workers who transfer to different occupations or exit the labor force, such as to retire.
How much do mathematicians make a year?
As an answer to this: Mathematicians and statisticians may work on teams with engineers, scientists, and other specialists. Mathematicians and statisticians typically need at least a master’s degree in mathematics or statistics. However, some positions are available to those with a bachelor’s degree. The median annual wage for mathematicians was $108,100 in May 2021.
How fast will jobs grow in 2020?
All the above jobs are projected to grow faster than 7.7%, the projected total employment growth from 2020 to 2030 according to the Bureau of Labor Statistics (BLS). In fact, the above jobs are all projected to see employment percent increases in the double digits, of at least 24%.
What are the job prospects for high school math teachers?
Response to this: Job prospects are expected to increase moderately for high school math teachers. The U.S. Bureau of Labor Statistics (BLS) predicted a job growth of 8% for secondary school teachers from 2020-2030 ( www.bls.gov ). This would be an increase of 77,400 jobs.
What is the projected job growth for secondary school teachers?
Answer will be: The U.S. Bureau of Labor Statistics (BLS) predicted a job growth of 8% for secondary school teachers from 2020-2030 ( www.bls.gov ). This would be an increase of 77,400 jobs. The BLS attributed this projected growth to increased student enrollment as well as declining student-teacher ratios.
How many jobs are there for mathematicians & statisticians?
Answer to this: About 4,100 openings for mathematicians and statisticians are projected each year, on average, over the decade. Many of those openings are expected to result from the need to replace workers who transfer to different occupations or exit the labor force, such as to retire.