In what careers can I utilize my love of math?
Hello! I favorite subject in school is math and I love working with numbers so I am interested to find out what careers you think might be a good fit for me. Do you work with numbers a lot in your job? If so, what do you do? What kind of math do you do and what programs do you use a lot? Thanks!! #finance #math #stem
8 answers
Dawn’s Answer
Engineering, Computer Science or Finance are good career choices if you like Math. As for programming, Java programming is very popular and used widely in a professional environment.
Bob’s Answer
I encourage you to look into the actuarial profession, which combines financial modeling, math and statistics, and computer programming to solve complex business problems. I recently retired after 30+ years as an actuarial consultant, mostly specializing in the health insurance area, but earlier in my career I worked in the life insurance and the retirement actuarial fields. There are many different areas in which to specialize as an actuary.
To get an overview of the profession, a good place to get started is www.beanactuary.org, which is jointly sponsored by the Society of Actuaries and the Casualty Actuarial Society. Here you will find a lot of good information about what actuaries do, and about the actuarial exams which are necessary to obtain professional actuarial designations.
Let me know if you have any further questions.
Michael’s Answer
Simeon’s Answer
Justin’s Answer
Hi Sam. Its great to have a passion for math. It will help you a high number of careers that you can choose. If you have an interest in statistics, you may want to consider a career in data analytics. Within Fannie Mae, our company relies greatly on our analytic teams to provide information on a number of areas such as estimating financial impacts of new/updated products as well as measuring their success. Our analytic teams use Microsoft Excel while also leveraging analytic programs like SAS, TOAD, etc. on a daily basis within their roles.
Nina’s Answer
Good luck!
Terence’s Answer
James Constantine Frangos
James Constantine’s Answer
Utilizing Math in Finance
If you have a passion for math and working with numbers, a career in finance could be a great fit for you. Finance professionals often use advanced mathematical concepts and techniques to analyze financial data, make informed decisions, and solve complex problems.
Financial Analyst
As a financial analyst, you would use math to evaluate financial data, create financial models, and provide recommendations to clients or management. This role often involves using statistical analysis, forecasting, and data visualization tools to help businesses make informed financial decisions. You might use software like Excel, Python, R, or Tableau to perform your analysis.
Financial Manager
Financial managers are responsible for the financial health of an organization. They create financial reports, direct investment activities, and develop strategies for the long-term financial goals of their organization. In this role, you would use math to analyze revenue, expenses, and profitability, as well as to create budgets and forecasts. Familiarity with financial modeling software like Excel is essential for this career.
Actuary
Actuaries use mathematical models to analyze risk and help businesses make informed decisions about risk management. They often work in the insurance industry and use advanced mathematical concepts like probability theory and statistics to predict future outcomes. Actuaries typically use specialized software like AXIS, R, or Python for their calculations.
Data Scientist
Data scientists use math to analyze large datasets and extract insights that can help businesses make informed decisions. They often use statistical analysis and machine learning techniques to build predictive models and optimize business processes. Data scientists typically use programming languages like Python or R for their analysis.
Authoritative Reference Titles:
Careers in Math: A Career Guide for Those Who Love Math by Deborah Rumsey
The Mathematics of Money: A Guide to Using Math in Finance by Charles D. Reiss
Math in Careers: How to Use Math in Your Future Career by Dave Shotton
GOD BLESS!
James Constantine Frangos.