Mathematicians : Occupational Outlook Handbook : U.S. Bureau of Labor Statistics U.S. Bureau of Labor Statistics Mathematicians Summary Mathematicians create models to solve practical problems in fields such as business, government, engineering, and the sciences. Quick Facts: Mathematicians 2012 Median Pay $101,360 per year $48.73 per hour Entry-Level Education Master’s degree Work Experience in a Related Occupation None On-the-job Training None Number of Jobs, 2012 3,500 Job Outlook, 2012-22 23% (Much faster than average) Employment Change, 2012-22 800 What Mathematicians Do Mathematicians use advanced mathematics to develop and understand mathematical principles, analyze data, and solve real-world problems. Work Environment Mathematicians work in the federal government and in private science and engineering research companies. They may work on teams with engineers, scientists, and other professionals. How to Become a Mathematician Mathematicians typically need a master’s degree in mathematics. However, there are some positions available for those with a bachelor's degree. Pay The median annual wage for mathematicians was $101,360 in May 2012. Job Outlook Employment of mathematicians is projected to grow 23 percent from 2012 to 2022, much faster than the average for all occupations. Businesses will need mathematicians to analyze the increasing volume of digital and electronic data. Similar Occupations http://www.bls.gov/ooh/math/print/mathematicians.htm[8/12/2014 2:07:13 PM] Mathematicians : Occupational Outlook Handbook : U.S. Bureau of Labor Statistics Compare the job duties, education, job growth, and pay of mathematicians with similar occupations. More Information, Including Links to O*NET Learn more about mathematicians by visiting additional resources, including O*NET, a source on key characteristics of workers and occupations. What Mathematicians Do Mathematicians work with formulas to help solve problems in industry, academia, and government. Mathematicians use advanced mathematics to develop and understand mathematical principles, analyze data, and solve real-world problems. Duties Mathematicians typically do the following: Expand knowledge in mathematical areas, such as algebra or geometry, by developing new rules, theories, and concepts Use mathematical formulas and models to prove or disprove theories Apply mathematical theories and techniques to solve practical problems in business, engineering, the sciences, or other fields Develop mathematical or statistical models to analyze data Interpret data and report conclusions from their analyses Use data analysis to support and improve business decisions Read professional journals, talk with other mathematicians, and attend professional conferences to maintain knowledge of current trends The following are examples of types of mathematicians: Applied mathematicians use theories and techniques, such as mathematical modeling, to solve practical problems. These mathematicians typically work with individuals in other occupations to solve these problems. For example, they may work with chemists and materials scientists and chemical engineers to analyze the effectiveness of new drugs. Other applied mathematicians may work with industrial designers to study the aerodynamic characteristics of new automobiles. Theoretical mathematicians do research to identify unexplained issues in mathematics and resolve them. They are primarily concerned with exploring new areas and relationships of mathematical theories to increase knowledge and understanding about the field. Although some may not consider the practical use of their findings, the knowledge they develop can be an important part of many scientific and engineering achievements. Despite the differences, these areas of mathematics frequently overlap. Many mathematicians will use both applied and theoretical knowledge in their job duties. However, most people with a degree in mathematics or who develop mathematical theories and models are not formally known as mathematicians. Instead, they work in related fields and professions. In the computer systems design and related services industries, they may be known as computer programmers or systems analysts. In finance, they may be known as quantitative analysts, financial http://www.bls.gov/ooh/math/print/mathematicians.htm[8/12/2014 2:07:13 PM] Mathematicians : Occupational Outlook Handbook : U.S. Bureau of Labor Statistics analysts, or statisticians. Computer and information research scientists, physicists and astronomers, economists, actuaries, operations research analysts, and many other occupations also use mathematics extensively. Some people with a mathematics background become middle school or high school math teachers. Many people with a Ph.D. in mathematics, particularly theoretical mathematics, work as postsecondary teachers in education institutions. They usually have a mix of teaching and research responsibilities. Some may do individual research or collaborate with other professors or mathematicians. Collaborators may work together at the same institution or from different locations. Work Environment Mathematicians may work on teams with engineers, scientists, and other professionals. Mathematicians held about 3,500 jobs in 2012. Most mathematicians work for the federal government or for private scientific and engineering research and development companies. The industries that employed the most mathematicians in 2012 were as follows: Federal government 30% Scientific research and development services 20 Educational services; state, local, and private 18 Management of companies and enterprises 7 Manufacturing 3 Mathematicians typically work in comfortable offices. They also may work on teams with engineers, scientists, and other professionals. Work Schedules Most mathematicians work full time. Deadlines and last-minute requests for data or analysis may require overtime. In addition, mathematicians may have to travel to attend seminars and conferences. How to Become a Mathematician http://www.bls.gov/ooh/math/print/mathematicians.htm[8/12/2014 2:07:13 PM] Mathematicians : Occupational Outlook Handbook : U.S. Bureau of Labor Statistics Years of serious study are required to become a mathematician. Mathematicians typically need a master’s degree in mathematics. However, there are some positions available for those with a bachelor's degree. Education In private industry, mathematicians typically need an advanced degree, either a master’s degree or a doctorate. For jobs with the federal government, candidates need at least a bachelor’s degree in mathematics or significant coursework in mathematics. Most colleges and universities offer a bachelor’s degree in mathematics. Courses usually include calculus, differential equations, and linear and abstract algebra. Many colleges and universities advise or require mathematics students to take courses in a related field, such as computer science, engineering, physics, or statistics. Candidates who have a double major in mathematics and a related discipline are particularly desirable to many employers. Many universities offer master’s and doctoral degrees in theoretical or applied mathematics. Many students who get a doctoral degree work as professors of mathematics in a college or university, rather than work in government or private industry. Also, holders of bachelor’s degrees who meet state certification requirements may become middle or high school mathematics teachers. Students who are interested in becoming mathematicians should take as many math courses as possible in high school. Important Qualities Analytical skills. Mathematicians use mathematical techniques and models to analyze large amounts of data. They must be precise and accurate in their analysis. Communication skills. Mathematicians must interact with and propose solutions to people who may not have extensive knowledge of mathematics. Math skills. Mathematicians use statistics, calculus, and linear algebra to develop their models and analyses. Problem-solving skills. Mathematicians must devise new solutions to problems encountered by scientists or engineers. Pay Mathematicians Median annual wages, May 2012 http://www.bls.gov/ooh/math/print/mathematicians.htm[8/12/2014 2:07:13 PM] Mathematicians : Occupational Outlook Handbook : U.S. Bureau of Labor Statistics Mathematicians $101,360 Mathematical science occupations Total, all occupations $76,270 $34,750 Note: All Occupations includes all occupations in the U.S. Economy. Source: U.S. Bureau of Labor Statistics, Occupational Employment Statistics The median annual wage for mathematicians was $101,360 in May 2012. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. The lowest 10 percent earned less than $56,040, and the top 10 percent earned more than $152,950. In May 2012, the median annual wages for mathematicians in the top five industries in which these mathematicians worked were as follows: Scientific research and development services $118,030 Manufacturing 116,860 Federal government 106,360 Management of companies and enterprises 74,980 Educational services; state, local, and private 66,590 Most mathematicians work full time. Deadlines and last-minute requests for data or analysis may require overtime. In addition, mathematicians may have to travel to attend seminars and conferences. Job Outlook Mathematicians Percent change in employment, projected 2012-22 Mathematical science occupations 26% Mathematicians Total, all occupations 23% 11% Note: All Occupations includes all occupations in the U.S. Economy. Source: U.S. Bureau of Labor Statistics, Employment Projections program http://www.bls.gov/ooh/math/print/mathematicians.htm[8/12/2014 2:07:13 PM] Mathematicians : Occupational Outlook Handbook : U.S. Bureau of Labor Statistics Employment of mathematicians is projected to grow 23 percent from 2012 to 2022, much faster than the average for all occupations. However, because it is a small occupation, the fast growth will result in only about 800 new jobs over the 10-year period. The amount of digitally stored data will increase over the next decade as more people and companies conduct business online and use social media, smartphones, and other mobile devices. As a result, businesses will increasingly need mathematicians to analyze the large amount of information and data collected. Analyses will help companies improve their business processes, design and develop new products, and even advertise products to potential customers. Mathematicians will also be needed to help information security analysts create data-security systems to protect the confidentiality and personal information of individuals. Job Prospects Because the occupation is small and there are relatively few mathematician positions, strong competition for jobs is expected. Despite the strong competition for mathematician positions, many candidates with a background in advanced mathematical techniques and modeling will find positions in other closely related fields. Those with a graduate degree in math, very strong quantitative and data analysis skills, and a background in a related discipline, such as business, computer science, or statistics, should have the best job prospects. Computer programming skills are also important to many employers. Employment projections data for Mathematicians, 2012-22 Change, 2012-22 Occupational Title SOC Code Employment, 2012 Projected Employment, 2022 Percent Numeric Employment by Industry Mathematicians 15-2021 3,500 4,300 23 800 [XLS] SOURCE: U.S. Bureau of Labor Statistics, Employment Projections program Similar Occupations This table shows a list of occupations with job duties that are similar to those of mathematicians. OCCUPATION JOB DUTIES ENTRY-LEVEL EDUCATION 2012 MEDIAN PAY Actuaries Actuaries analyze the financial costs of risk and uncertainty. They use mathematics, statistics, and financial theory to assess the risk that an event will occur and they help businesses and clients develop policies that minimize the cost of that risk. Actuaries’ work is essential to the insurance industry. Bachelor’s degree $93,680 Computer Programmers Computer programmers write code to create software programs. They turn the program designs created by software developers and engineers into instructions that a computer can follow. Bachelor’s degree $74,280 Computer Systems Analysts Computer systems analysts study an organization’s current computer systems and procedures and design information systems solutions to help the organization operate more efficiently and effectively. They bring business and information technology (IT) together by understanding the needs and limitations of both. Bachelor’s degree $79,680 Bachelor’s degree $77,080 Database Administrators Database administrators (DBAs) use specialized software to store and organize data, such as financial information and customer shipping records. They make sure that data are available to users and are http://www.bls.gov/ooh/math/print/mathematicians.htm[8/12/2014 2:07:13 PM] Mathematicians : Occupational Outlook Handbook : U.S. Bureau of Labor Statistics secure from unauthorized access. Financial Analysts Financial analysts provide guidance to businesses and individuals making investment decisions. They assess the performance of stocks, bonds, and other types of investments. Bachelor’s degree $76,950 Market Research Analysts Market research analysts study market conditions to examine potential sales of a product or service. They help companies understand what products people want, who will buy them, and at what price. Bachelor’s degree $60,300 Nuclear Engineers Nuclear engineers research and develop the processes, instruments, and systems used to derive benefits from nuclear energy and radiation. Many of these engineers find industrial and medical uses for radioactive materials—for example, in equipment used in medical diagnosis and treatment. Bachelor’s degree $104,270 Operations Research Analysts Operations research analysts use advanced mathematical and analytical methods to help organizations investigate complex issues, identify and solve problems, and make better decisions. Bachelor’s degree $72,100 Physicists and Astronomers Physicists and astronomers study the ways in which various forms of matter and energy interact. Theoretical physicists and astronomers may study the nature of time or the origin of the universe. Physicists and astronomers in applied fields may develop new military technologies or new sources of energy, or monitor space debris that could endanger satellites. Doctoral or professional degree $106,360 Postsecondary Teachers Postsecondary teachers instruct students in a wide variety of academic and vocational subjects beyond the high school level. They also conduct research and publish scholarly papers and books. See How to Become One $68,970 Statisticians Statisticians use statistical methods to collect and analyze data and help solve real-world problems in business, engineering, the sciences, or other fields. Master’s degree $75,560 Survey Researchers Survey researchers design surveys and analyze data. Surveys are used to collect factual data, such as employment and salary information, or to ask questions in order to understand people’s opinions, preferences, beliefs, or desires. Master’s degree $45,050 Contacts for More Information For more information about mathematicians, including training, especially for doctoral-level employment, visit American Mathematical Society http://www.bls.gov/ooh/math/print/mathematicians.htm[8/12/2014 2:07:13 PM] Mathematicians : Occupational Outlook Handbook : U.S. Bureau of Labor Statistics For specific information on careers in applied mathematics, visit Society for Industrial and Applied Mathematics For information on federal government education requirements for mathematician positions, visit U.S. Office of Personnel Management To find job openings for mathematicians in the federal government, visit USAJOBS O*NET Mathematicians Suggested citation: Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2014-15 Edition, Mathematicians, on the Internet at http://www.bls.gov/ooh/math/mathematicians.htm (visited August 12, 2014). Publish Date: Wednesday, January 8, 2014 U.S. Bureau of Labor Statistics | Office of Occupational Statistics and Employment Projections, PSB Suite 2135, 2 Massachusetts Avenue, NE Washington, DC 20212-0001 www.bls.gov/ooh | Telephone: 1-202-691-5700 http://www.bls.gov/ooh/math/print/mathematicians.htm[8/12/2014 2:07:13 PM] | Contact OOH
© Copyright 2024 Paperzz