The Average Salary of Math Majors
- To obtain a degree in math, you generally have to obtain a minimum of a bachelor's degree, which involves four years of full-time study. A master's degree requires an additional one to two years of full-time study and a PhD takes between four and six years post-baccalaureate study. Some colleges may offer a two-year degree in mathematics. However, most careers in mathematics require you to have a four-year degree to enter the field.
- Mathematics majors enjoy work in a variety of environments. Mathematicians can find work as mathematical modelers, finance experts, statisticians, crypotgraphers and can work in computer science, education and biotechnology.
- According to Students Review, the average starting salary for a math major, as of November, 2010, was $45,703 and the average salary of a mathematician was $119,132.
- According to Duke University, mathematics majors fare better than many other majors when it comes to salary. When compared with an English major, mathematicians earn, on average, 37.7 percent more.
- Salary isn't the only consideration when thinking about a career in mathematics. It may not just be a lucrative career, but mathematicians experience higher than average job satisfaction. According to Career Cast, mathematician ranked #1 out of 200 jobs. Factors included working environment, physical demands and job satisfaction.
