# Mathematics & Statistics Major

Mathematics and statistics is a major that typically falls into the Mathematics & Statistics category.

There are 287 programs available throughout the country that offer an associate’s degree in mathematics and statistics, 1,746 that offer a bachelor’s degree, and 696 that offer a master’s degree. There are also at least 331 schools in the nation where you can get your doctorate degree in the field.

## Who Is Getting a Mathematics & Statistics Degree?

In 2017, roughly mathematics and statistics majors graduated with a bachelor’s degree, making it the most popular major in the country. This major tends to be male dominated. About 58.5% of recent graduates are men.

### Racial Distribution

At the countrywide level, the racial distribution of mathematics and statistics majors is as follows:

- Asian: 12.1%
- Black or African American: 3.7%
- Hispanic or Latino: 9.1%
- White: 50.4%
- Non-Resident Alien: 18.6%
- Other Races: 6.1%

Americans aren’t the only ones with an interest in mathematics and statistics. About 18.6% of those graduating in 2017 were international students. The most popular countries sending mathematics and statistics majors to the U.S. are.

## What Will You Learn as a Mathematics & Statistics Major?

An O*NET survey asked people with careers related to mathematics and statistics to rate how important certain subject areas were to their job. The following are some of the results of that survey. Importance was rated on a scale of 1 to 5 with 5 being most important.

### Knowledge Areas for Mathematics & Statistics Majors

Mathematics and statistics majors often go into careers in which the following knowledge areas are important:

### Skills for Mathematics & Statistics Majors

Mathematics and statistics majors are found most commonly in careers in which the following skills are important:

### Abilities for Mathematics & Statistics Majors

Mathematics and statistics majors often go into careers where the following abilities are vital:

## What Can You Do With a Mathematics & Statistics Major?

Below is a list of occupations associated with mathematics and statistics:

Job Title | Job Growth Rate | Median Salary |
---|---|---|

Investment Underwriters |
9.6% |
$70,280 |

Mathematicians |
29% |
$101,900 |

Risk Management Specialists |
9.6% |
$70,280 |

Financial Quantitative Analysts |
9.6% |
$70,280 |

Mathematical Science Occupations |
9.1% |
$0 |

Biostatisticians |
33.9% |
$87,780 |

Mathematical Science Professors |
9.4% |
$73,230 |

Clinical Data Managers |
33.9% |
$87,780 |

Actuaries |
22.5% |
$102,880 |

Environmental Economists |
6.1% |
$104,340 |

## Mathematics & Statistics Major Salary

Mathematics and statistics majors often go into careers where salaries can range from $78,000 to $116,000. This range includes all degree levels, so you may expect those with a more advanced degree to make more while those with less advanced degrees will typically make less.

To put that into context, the typical high school graduate makes between $29,000 and $57,000 a year. The average person with a bachelor’s degree (any field) makes between $44,000 and $99,000. Advanced degree holders make the most with salaries between $55,000 and $120,000.

The area of the country you choose to work in will also affect your career and salary prospects. Getting a graduate degree may open up more options with higher salary potential.

## Amount of Education Required for Mathematics & Statistics Major Jobs

Some careers associated with mathematics and statistics require an advanced degree while some may not even require a bachelor’s. Whatever the case may be, pursuing more education usually means that more career options will be available to you.

How much education do you really need to compete in today’s job market? People currently working in careers related to mathematics and statistics have obtained the following education levels.

Level of Education | Percentage of Workers |
---|---|

Less Than a High School Diploma |
0.2% |

High School Diploma or Equivalent |
0.5% |

Post-Secondary Certificate |
0.5% |

Some College Courses |
0.2% |

Associate's Degree or Equivalent |
0.9% |

Bachelor's Degree |
38.4% |

Post-Baccalaureate Certificate |
5.8% |

Master's Degree |
28% |

Post-Master's Certificate |
1.1% |

First Professional Degree |
1.6% |

Doctoral Degree |
17.4% |

Post-Doctoral Training |
5.8% |

## Online Mathematics & Statistics Programs

There are 1,746 colleges that offer a bachelor’s degree in mathematics and statistics, with 25 of them offering at least some courses online.

Online learners must listen or watch video lectures, participate in group chats or forums, submit papers and assignments electronically, take tests, and meet deadlines.

Online learners benefit from being able to watch lectures remotely and complete coursework on their schedule, but they also take longer to graduate than average and are more likely to dropout.

## Is a Mathematics & Statistics Major Worth It?

The median salary for a mathematics and statistics grad is $93,000 per year. This is based on the weighted average of the most common careers associated with the major.

This is 138% more than the average salary for an individual holding a high school degree. This adds up to a gain of about $1,074,000 after 20 years!

### References

Bureau of Labor Statistics

National Center for Education Statistics

O*NET Online

Image Credit: Brewbooks via License

## Featured Mathematics Schools

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