Financial Mathematics

Stem Major

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Total Degrees​
Awarded in 2019
3,999
growing 21.6%
Median In-State​
Public Tuition
$10,602
growing 10.3%
Median Out-of-State​
Private Tuition
$47,342
growing 3.41%
Average Wage
$103,138
growing 4.36%
People in Workforce
724,026
declining 1.63%
Average Employee Age
43.9
declining 0.25%

About

The locations with the highest concentration of Financial Mathematics degree recipients are Los Angeles, CA, New Orleans, LA, and New York, NY. The locations with a relatively high number of Financial Mathematics degree recipients are Hoboken, NJ, Crawfordsville, IN, and Waltham, MA. The most common degree awarded to students studying Financial Mathematics is a masters degree.

Institutions

Information about the types of higher education institutions that grant degrees in Financial Mathematics and the types of students that study this field. Tulane University of Louisiana awards the most degrees in Financial Mathematics in the US, but Pepperdine 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, $10,602 for in-state public colleges, and $47,342 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 (60 total). The most common sector, by number of degrees awarded, is Private not-for-profit, 4-year or above (2,095 completions).

Institutions

Institution with the Most Degrees Awarded in Financial Mathematics

The most common sector, by number of degrees awarded in Financial Mathematics, is Private not-for-profit, 4-year or above (2,095 completions).

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.

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Tuition Costs for Common Institutions

$10,602
Median In-State Public
$47,342
Median Out of State Private

Tulane University of Louisiana has the most Financial Mathematics degree recipients, with 194 degrees awarded in 2019.

The following bar chart shows the state tuition for the top 5 institutions with the most degrees awarded in Financial Mathematics.

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Specialized Colleges

Out of all institutions that offer Financial Mathematics programs and have at least 5 graduates in those programs, Pepperdine University and Stevens Institute of Technology have the highest percentage of degrees awarded in Financial Mathematics, with 5.98% and 5.7%, respectively.

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Degrees Awarded by County

Counties with the Most Degrees Awarded in Financial Mathematics

This map shows the counties in the United States colored by the highest number of degrees awarded in Financial Mathematics by year.

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Growth in Awarded Degrees

Counties with the Fastest Growing Number of Degrees Awarded

This map shows the counties in the United States colored by the highest growth in degrees awarded for Financial Mathematics.

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Employment

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 $103,138 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 Machinery, equipment, & supplies merchant wholesalers .

Wages

Yearly Income for Common Jobs

The closest comparable data for the 6 Digit Course Financial Mathematics is from the 2 Digit Course Math & Statistics.
$103,138
Average Wage in Workforce
± $2,990
4.36%
1 Year Growth
± 3.99%

The average salary for Math & Statistics majors is $103,138 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.

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Highest Paying Locations

The closest comparable data for the 6 Digit Course Financial Mathematics is from the 2 Digit Course Math & Statistics.

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.

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Occupations

Most Common

The closest comparable data for the 6 Digit Course Financial Mathematics is from the 2 Digit Course Math & Statistics.

The most common occupations Math & Statistics majors, by number of employees, are Postsecondary teachers, Software developers, and Secondary school teachers.

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Most Specialized

The closest comparable data for the 6 Digit Course Financial Mathematics is from the 2 Digit Course Math & Statistics.
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Highest Paid

The closest comparable data for the 6 Digit Course Financial Mathematics is from the 2 Digit Course Math & Statistics.
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Occupations by Share

The closest comparable data for the 6 Digit Course Financial Mathematics is from the 2 Digit Course Math & Statistics.
724,026
2019 Workforce
± 20,841
1.63%
1 Year Growth
± 4.12%

The number of Math & Statistics graduates in the workforce has been declining at a rate of 1.63%, from 736,056 in 2018 to 724,026 in 2019.

The largest single share of Math & Statistics graduates go on to work as Postsecondary teachers (8.18%). This chart shows the various jobs filled by those with a major in Math & Statistics by share of the total number of graduates.

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Industries

Most Common

The closest comparable data for the 6 Digit Course Financial Mathematics is from the 2 Digit Course Math & Statistics.
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Highest Paid

The closest comparable data for the 6 Digit Course Financial Mathematics is from the 2 Digit Course Math & Statistics.
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Industries by Share

The closest comparable data for the 6 Digit Course Financial Mathematics is from the 2 Digit Course Math & Statistics.
724,026
2019 Workforce
± 20,841
1.63%
1 Year Growth
± 4.12%

The number of Math & Statistics graduates in the workforce has been growing at a rate of 1.63%, from 736,056 in 2018 to 724,026 in 2019.

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.

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Specialty Locations

The closest comparable data for the 6 Digit Course Financial Mathematics is from the 2 Digit Course 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.

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Diversity

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 43.9, and 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 (2,867 students).

Workforce Age

The closest comparable data for the 6 Digit Course Financial Mathematics is from the 2 Digit Course Math & Statistics.
43.9
Average Age in 2019
± 0.398 Years
0.25%
1 Year Change
± 1.3%

This chart shows distribution of ages for employees with a degree in Math & Statistics. The most common ages of employees with this major are 29 and 26 years old, which represent 3.33% and 3.04% of the population, respectively.

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Degrees Awarded

The most common degree types awarded to students graduating in Financial Mathematics are Masters Degree, Bachelors Degree, and Postbaccalaureate Certificate.

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Workforce Degrees

The closest comparable data for the 6 Digit Course Financial Mathematics is from the 2 Digit Course Math & Statistics.

The most common degree types held by the working population in Math & Statistics are Bachelors Degree, Masters Degree, and Doctorate degree.

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Gender Imbalance for Common Institutions

Male (57.6%)
Most Common Gender with a Degree in this Field

This chart shows the granted degrees by gender at the 5 institutions that graduate the most students in Financial Mathematics.

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Race & Ethnicity by Degrees Awarded

Most Common Race or Ethnicity
  1. Non-resident Alien
    2,867 degrees awarded
  2. White
    633 degrees awarded
  3. Asian
    225 degrees awarded

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.

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Race & Ethnicity by Gender

Most Common Race/Ethnicity and Gender Combination
  1. White Male
    107 degrees awarded
  2. Non-resident Alien Male
    66 degrees awarded
  3. Non-resident Alien Female
    59 degrees awarded

This chart illustrates the differences by gender for each race & ethnicity of Bachelors Degree recipients in Financial Mathematics. White Male students, who earn most of the degrees in this field, are the most common combination of race/ethnicity and gender.

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Global Diversity

The closest comparable data for the 6 Digit Course Financial Mathematics is from the 2 Digit Course Math & Statistics.
Most Common Countries of Origin
  1. India
    35,147 degree recipients
  2. China
    29,399 degree recipients
  3. Korea
    7,275 degree recipients
High Relative Number of Students
  1. Georgia (country)
    8.32 times more than expected
  2. USSR
    5.81 times more than expected
  3. Sri Lanka
    4.03 times more than expected

There are a relatively high number of people that were born in Georgia (country) that hold Math & Statistics degrees (8.32 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 (35,147 degree recipients).

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Skills

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, and Management of Financial Resources.

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, and Writing are the three most important skills for people in the field.

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Bar Chart

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