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What is the pay like?

I like math

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Thank you comment icon Hi Benjamin, if you're contemplating a career that combines a love for Mathematics with an interest in Business, I would highly recommend considering Accounting. It's an excellent profession that offers attractive salaries, even at the entry level. My personal journey began with an intention to study Mathematics, but I eventually transitioned to Accounting due to its lucrative pay scale and impressive job security. Elizabeth Varnum
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Ashley’s Answer

Hi Benjamin,

Math is the foundation of many careers, so whatever career is of interest to you that involves math, will dictate how much the pay is. A few math oriented careers that come to mind are mathematician, actuary, math teacher, engineer (civil, mechanical, etc.), architect, chemist, data scientist, economist, computer programmer, financial planner, accountant. In general most of these careers pay fairly well and can provide quite a good living. Many of these may only require a Bachelors in Science college degree to begin working in the field full time. I encourage you to research math related careers and see which ones are interest to you, and then during your first few years of college seek an internship in that field to help determine if it's the right career path for you.

I wish you the best in your journey.

Ashley
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Michel’s Answer

Hi Benjamin,

the pay can be amazing, but amazing pay and a job you might not like is not the best combination considering you probably have to work for many more years. If you love math, go all-in and study as hard as you can, so how you can differentiate from others and then find a job that gives you good energy, where you work with great people and get a chance to grow. The pay will follow!
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James Constantine’s Answer

Hello Benjamin from Delavan! This is James from Australia.

The earning potential in the mathematics field can fluctuate based on various factors such as your level of education, experience, job role, industry, and geographical location. However, individuals with a robust foundation in mathematics generally have the opportunity to earn competitive salaries as there is a high demand for their skills across different sectors.

Academic Careers:
One of the career avenues for mathematicians is in the academic field. Professors and researchers in mathematics usually hold advanced degrees like a Ph.D. and are employed in universities or research institutions. The salary range for academic roles can differ based on factors like the prestige of the institution, the individual's experience and qualifications, and the institution's location. As per the American Mathematical Society (AMS), the median salary for full-time faculty members in mathematics departments at four-year colleges and universities was approximately $80,000 per year in 2019.

Industrial Careers:
Industries such as finance, technology, engineering, and data analysis highly value mathematicians. In these sectors, mathematicians often work as data scientists, statisticians, operations research analysts, or quantitative analysts. The salaries in these fields can be quite rewarding due to the specialized nature of the work and the high demand for individuals with strong mathematical skills.

According to the U.S. Bureau of Labor Statistics (BLS), as of May 2020, mathematicians had a median annual wage of $94,280. However, this figure represents the median across all industries and positions within mathematics-related fields. Salaries can vary significantly depending on the specific industry and job role.

Finance Industry:
In the finance industry, mathematicians often work as quantitative analysts or "quants." These professionals use mathematical models and statistical analysis to develop trading strategies, assess risk, and make investment decisions. The pay in this sector can be particularly high due to the potential for substantial bonuses based on performance.

According to a survey conducted by the Global Association of Risk Professionals (GARP) in 2020, the median base salary for quantitative analysts in the United States was $150,000 per year. However, this figure can vary significantly depending on factors such as experience, location (e.g., working in financial hubs like New York City or London), and the specific employer.

Top 3 Authoritative Reference Publications or Domain Names:
1. American Mathematical Society (AMS) - www.ams.org
2. U.S. Bureau of Labor Statistics (BLS) - www.bls.gov
3. Global Association of Risk Professionals (GARP) - www.garp.org

Organic Web Results:
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18 Highest Paying Math Jobs That You Can Pursue
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www.weareteachers.com
15 Exciting Careers for Students Who Love Math
graduate.northeastern.edu
10 In-Demand Careers for People Who Love Math
www.collegeconsensus.com
10 Highest Paying Careers for Math Majors
blog.collegevine.com
12 Well-Paying Jobs for Math Majors
www.learner.com
The Top Careers in Math and How to Get There
www.bls.gov
Mathematicians and Statisticians: Occupational Outlook Handbook

May God bless you!
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Curt’s Answer

The salary you earn can greatly vary depending on the sector where you apply your mathematical abilities, and naturally, your job position and experience. For instance, utilizing your math skills in a government job might not be as lucrative as in the private sector, but it often provides more job security and benefits. On the other hand, if you employ your mathematical expertise in the financial services sector, you could potentially earn a very high salary. Therefore, it's crucial to research different industries to comprehend the variety of jobs available and their respective pay scales. Mathematics is a versatile field, and your skills can be applied in numerous sectors that you might not even consider.
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Rock’s Answer

If you like math, that's great!

Math skills are highly valued in many careers. Pay can vary widely depending on the job and industry, but math-related professions often offer competitive salaries.

Some examples include actuaries, data scientists, engineers, and financial analysts. Keep in mind that your pay can also increase as you gain experience and expertise in your chosen field.

So, if you enjoy math, you have the potential to earn a good income in various careers. Most good paying jobs do require a college degree so look into which field appeals most to you and will allow you to utilize your love of Math. Discover what you are passionate about then take action to follow it. The pay will follow accordingly.
Thank you comment icon Rock, thank you! Benjamin
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Ashim’s Answer

Just like many folks have mentioned, the world of math-based careers is full of exciting possibilities. Now, imagine coupling that with a dash of statistics and a sprinkle of computer science - you've got yourself a recipe for a career in data science! This field is the bedrock of artificial intelligence, and jobs in this domain are not only in high demand but also offer attractive pay.

However, remember this - landing a lucrative job is great, but the real key to earning big lies in pursuing what sets your heart on fire. Your passion, your dedication, and your focus on making a significant impact in the business world will determine your earnings. So, do connect with people who love math as much as you do or are already in math-centric careers. They can give you a firsthand account of what these professions are like.
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Anthony’s Answer

Hello,
Please, note the following, concerning the pay :-
1. It is highly remarkable.
2. Great satisfaction.
3. Attractive.
4. Motivates you to work hard.
5. Motivates you to learn more, and earn more.
Best regards.
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