Financial Mathematics
Stem Major
Add ComparisonIn 2021, the locations with the highest concentration of Financial Mathematics degree recipients are Storrs, CT, Chicago, IL, and Hoboken, NJ. In 2021, the locations with a relatively high number of Financial Mathematics degree recipients are Hoboken, NJ, Rosemead, CA, and Waltham, MA. The most common degree awarded to students studying Financial Mathematics is a masters degree.
Information about the types of higher education institutions that grant degrees in Financial Mathematics and the types of students that study this field. University of Connecticut awards the most degrees in Financial Mathematics in the US, but Clark University and Stevens Institute of Technology have the highest percentage of degrees awarded in Financial Mathematics.
Tuition costs for Financial Mathematics majors are, on average, $10,995 for in-state public colleges, and $50,225 for out of state private colleges.
The most common sector, by number of institutions, that offers Financial Mathematics programs are Private not-for-profit, 4-year or above institutions (72 total). The most common sector, by number of degrees awarded, is Private not-for-profit, 4-year or above (2,538 completions).
The most common sector, by number of degrees awarded in Financial Mathematics, is Private not-for-profit, 4-year or above (2,538 completions in 2021).
The following chart shows the share of universities that offer Financial Mathematics programs, by the total number of completions, colored and grouped by their sector.
University of Connecticut has the most Financial Mathematics degree recipients, with 227 degrees awarded in 2021.
The following bar chart shows the state tuition for the top 5 institutions with the most degrees awarded in Financial Mathematics.
Out of all institutions that offer Financial Mathematics programs and have at least 5 graduates in those programs, Clark University has the highest percentage of degrees awarded in Financial Mathematics, with 11.7%.
This map shows the counties in the United States colored by the highest number of degrees awarded in Financial Mathematics by year.
This map shows the counties in the United States colored by the highest growth in degrees awarded for Financial Mathematics.
Information on the businesses and industries that employ Math & Statistics graduates and on wages and locations for those in the field.
The average salary for Math & Statistics majors is $107,565 and the most common occupations are Postsecondary teachers, Software developers, and Secondary school teachers.
The industry that employs the most Math & Statistics majors is Elementary & secondary schools, though the highest paying industry, by average wage, is Internet publishing, broadcasting & web search portals.
The average salary for Math & Statistics majors is $107,565 and the most common occupations are Postsecondary teachers, Software developers, and Secondary school teachers.
This chart shows the average annual salaries of the most common occupations for Math & Statistics majors.
This map shows the public use micro areas (PUMAs) in the United States colored by the average salary of Math & Statistics majors.
Note that the census collects information tied to where people live, not where they work. It is possible that Math & Statistics majors live and work in the same place, but it is also possible that they live and work in two different places.
The most common occupations Math & Statistics majors, by number of employees, are Postsecondary teachers, Software developers, and Secondary school teachers.
Compared to other majors, there are an unusually high number of Math & Statistics majors working as Actuaries, Miscellaneous mathematical science occupations, including mathematicians & statisticians, and Computer and information research scientists.
The highest paid occupations by median income for Math & Statistics majors are Surgeons, Physicians, and Securities, commodities, & financial services sales agents.
The number of Math & Statistics graduates in the workforce has been growing at a rate of 3.87%, from 726,608 in 2020 to 754,713 in 2021.
The largest single share of Math & Statistics graduates go on to work as Postsecondary teachers (8.39%). This chart shows the various jobs filled by those with a major in Math & Statistics by share of the total number of graduates.
The most common industries that employ Math & Statistics majors, by number of employees, are Elementary & secondary schools, Colleges, universities & professional schools, including junior colleges, and Computer Systems Design.
The highest paying industries of Math & Statistics majors, by average wage, are Internet publishing, broadcasting & web search portals, Petroleum & petroleum products merchant wholesalers, and Securities, commodities, funds, trusts & other financial investments.
The number of Math & Statistics graduates in the workforce has been growing at a rate of 3.87%, from 726,608 in 2020 to 754,713 in 2021.
The industry which employs the most Math & Statistics graduates by share is Elementary & secondary schools, followed by Colleges, universities & professional schools, including junior colleges. This visualization shows the industries that hire those who major in Math & Statistics.
This map shows the public use micro areas (PUMAs) in the United States where there are a relatively high population of Math & Statistics majors.
Note that the census collects information tied to where people live, not where they work. It is possible that Math & Statistics majors live and work in the same place, but it is also possible that they live and work in two different places.
Demographic information for those who earn a degree in Math & Statistics in the United States.
The average age of a person in the workforce with a degree in Math & Statistics is 44.2.
The most common degree type these workers hold is a Masters Degree. Male employees are more likely to hold Math & Statistics degrees, and Non-resident Alien students are the most common race/ethnicty group awarded degrees in Math & Statistics (2,857 students).
This chart shows distribution of ages for employees with a degree in Math & Statistics. The most common ages of employees with this major are 26 and 30 years old, which represent 2.84% and 2.83% of the population, respectively.
The most common degree types awarded to students graduating in Financial Mathematics are Masters Degree, Bachelors Degree, and Postbaccalaureate Certificate.
The most common degree types held by the working population in Math & Statistics are Bachelors Degree, Masters Degree, and Doctorate degree.
This chart shows the granted degrees by sex at the 5 institutions that graduate the most students in Financial Mathematics.
This chart shows the number of degrees awarded in Financial Mathematics for each race & ethnicity. Non-resident Alien students earned the largest share of the degrees with this major.
This chart illustrates the differences by sex for each race & ethnicity of Masters Degree recipients in Financial Mathematics.
Non-resident Alien Male students, who earn most of the degrees in this field, are the most common combination of race/ethnicity and sex.
There are a relatively high number of people that were born in USSR that hold Math & Statistics degrees (5.66 times more than expected), and the most common country of origin by total numbers for non-US students earning a degree in this field is India (35,123 degree recipients).
Data on the critical and distinctive skills necessary for those working in the Financial Mathematics field from the Bureau of Labor Statistics. Financial Mathematics majors need many skills, but most especially Reading Comprehension. The revealed comparative advantage (RCA) shows that Financial Mathematics majors need more than the average amount of Programming, Mathematics, Management of Financial Resources, Technology Design, Systems Analysis, Systems Evaluation, Writing, Active Learning, Learning Strategies, Reading Comprehension, Critical Thinking, Judgment and Decision Making, Complex Problem Solving, Active Listening, Management of Material Resources, Speaking, Persuasion, Instructing, Time Management, Monitoring, Negotiation, Operations Analysis, Service Orientation, Social Perceptiveness, Science, Coordination, Management of Personnel Resources, Quality Control Analysis, Operation Monitoring, Operation and Control, Troubleshooting, Equipment Selection, Equipment Maintenance, Installation, and Repairing.
These two visualizations, one a radial chart and one a bar chart, show the same information, a rating of how necessary the following skills are for Financial Mathematics majors. Toggle between "value" and "RCA" to see the absolute rating of that skill (value) and the revealed comparative advantage (RCA), or how much greater or lesser that skill's rating is than the average. The longer the bar or the closer the line comes to the circumference of the circle, the more important that skill is. The importance of Programming is very distinctive for majors, but the Reading Comprehension, Critical Thinking, Writing, Active Listening, Speaking, Judgment and Decision Making, Mathematics, Active Learning, Complex Problem Solving, Systems Analysis, Systems Evaluation, Monitoring, Time Management, Learning Strategies, Instructing, Persuasion, Social Perceptiveness, Coordination, Service Orientation, Negotiation, Management of Personnel Resources, Management of Financial Resources, Science, Operations Analysis, Management of Material Resources, Quality Control Analysis, Programming, Technology Design, Operation Monitoring, Operation and Control, Troubleshooting, Equipment Selection, Equipment Maintenance, Installation, and Repairing are the three most important skills for people in the field.
