Individuals who are not only good with math but also love working with numbers and statistics often ask the question, “What can I do with a Master’s in Mathematics Education?” Although a Master’s in Mathematics Education may take several years to complete, the result is that the graduate may find many excellent jobs within their grasp. Many of these jobs also offer excellent wage potential and job growth. Here are some popular careers available with a Master’s in Mathematics Education.
Operations Research Analyst
Operations research analysts use mathematics and analyzation skills to help solve problems, improve the decision-making process and make better decisions. They gather information and data from working, sales histories, computer databases and customer feedback. Once they have the information, they:
• Determine the problem
• Decide what information is relevant in solving the problem
• Determine what methods will best solve the problem
They then write up reports and present their findings to management. Operations research analysts work in a variety of fields, including logistics, business, education and healthcare to name just a few. Operations research analysts earned an average annual wage of $88,350 as of a May 2018 report by the U.S. Bureau of Labor Statistics (BLS).
Statisticians work with numbers, statistics and data. While their job may sound complicated, the bottom line is that they work with and use data to make decisions. They determine what data they need; they collect the data; sort through, analyze and interpret the data, and then make their decision based on their findings. U.S. News & World Report ranks statisticians first among best business Jobs, second among best 100 jobs and third among best STEM jobs. The Bureau reports that statisticians earn average annual wages of $88,980.
A mathematician is another career possible with a Master’s in Mathematics Education. Much like the statistician, the mathematician works with numbers to help create something or solve a problem. Mathematicians may work in a variety of jobs, whether it’s teaching middle school math, conducting research or working as a computer programmer, financial analyst or a mathematician. Mathematicians earned an average annual wage of $88,980 in 2018. U.S. News & World Report ranks mathematicians second among best business jobs, ninth among Best STEM jobs and 17th among best 100 jobs.
An actuary is an educated professional who compiles and collects data to help analyze financial risk and the cost of the risk. They may work for a variety of industries but are most often found working with insurance companies. An actuary working for an auto insurance company would collect data on a vehicle, a driver and the driver’s driving record. Putting all this information together and analyzing it allows the actuary to help the insurance company determine how much risk the driver and car may pose to the insurance company, which helps the insurance company determine what premium to charge the company. Actuaries earned average annual wages of $116,250.
Candidates who enjoy working with mathematics and find jobs where they can do so often claim they love their jobs because every day is a challenge. With so many popular jobs available with a Master’s in Mathematics Education, math lovers should be able to easily find jobs that offer excellent careers.