While many people claim they’re not good with math or numbers, others love math and wonder about the career outlook with a Master’s in Mathematics Education. The good news for these math lovers is that there is a very good career outlook for those with a Master’s in Mathematics Education. While the job growth might be higher for some math careers than others, the career outlook overall is quite positive. Here are some possible careers available to Master’s in Mathematics graduates as well as the career and wage potential.
Mathematicians are more than just people who enjoy math or someone who might teach math, although many mathematicians do teach math at either the middle school, high school or college level. Depending on the job, mathematicians may perform research or collect and use data or statistics to help solve problems.
Data is a huge part of a mathematician’s job regardless of what the job might be. Mathematicians may work for many industries, including education, engineering, healthcare, manufacturing and business, but teaching is the career most chosen by mathematicians. The U.S. Bureau of Labor Statistics predicts job growth of 33 percent during the 2016-2026 decade.
An actuary is another job an individual can get with a Master’s in Mathematics Education. An actuary does many things as part of the job, but the actuary’s main job is to use mathematical data to assess risk. They work in many industries, but their services are most utilized by insurance companies.
An actuary collects data about the potential client, analyzes that data and provides the insurance company with information on the risk factor that potential client poses for the company. This is how insurance companies determine if they will insure a person and how much they should charge. Job growth of 22 percent is predicted for actuaries between 2016 and 2026 with about 5,300 new jobs created by 2026.
With the way the sporting industry has become such a large part of our lives in recent years, sports analysts have been seeing some great career opportunities, especially with professional and college sports. Many team managers are utilizing mathematicians to work as their sports analysts.
By using data and statistics, sports analysts are often able to analyze a player’s future statistics and even predict how the player will perform in the future barring any injuries. Teams are hiring individuals with a Master’s in Mathematics Education to find new statistical data that can help them get the edge of the competition.
Statisticians work with statistics to help solve problems and make decisions. Once they decide what sort of data they need, they collect it, create experiments and analyze the data. Once this is complete, they interpret the data and report their findings. The Nielsen Television ratings are determined by work performed by statisticians. Statisticians are expected to see job growth of 33 percent between 2016 and 2026. U.S. News & World Report ranks statistician first in best business jobs, second in both best 100 jobs and best STEM jobs. Put this together with their average annual wages of $88,890, and it’s easy to see why so many graduates are choosing to become statisticians.
To an individual with a passion for mathematics and a desire to work with numbers and statistics, the career possibilities might almost seem endless. After all, mathematics is used in some way in almost every area of our lives. Earning a Master’s in Mathematics Education can be the start of an exciting career in any number of jobs or industries.