At a Glance
- Actuary (SOA exams): direct, high-paying entry path.
- Data science/quant: pair with CS + stats.
- Teaching: strong with education licensure.
- Mathematician/Statistician median wage (BLS May 2024): $104,860.
What It Is
Math majors study calculus, linear algebra, real analysis, abstract algebra, and probability/statistics, with applied concentrations common.
Who It Suits
- Strong problem solvers.
- Future actuaries, quants, data scientists.
- Future teachers and researchers.
Levels and Credentials
PathRequirementsActuaryBS + SOA exams (no graduate required)Data ScienceBS + CS/stats + portfolioQuant FinanceBS + MS/PhD (MFE, financial engineering)TeachingBS + licensureAcademiaPhD
Online vs Campus
Online math BS exists (Oregon State, ASU). Online MS statistics/data science is widespread (Texas A&M, Penn State).
Careers and Salaries
Wages below are May 2024 national medians from the U.S. Bureau of Labor Statistics.
RoleMedian wage (BLS May 2024)Mathematicians & Statisticians$104,860Actuaries$125,770Data Scientists$112,590Operations Research Analysts$91,290High School Teachers (Math)$64,580
What Programs Cost
Public in-state BS: $40k-$80k. Private: $150k-$260k. MS: $20k-$60k.
How to Choose
- Pair with CS or statistics courses.
- Start actuarial exams in undergrad if that's the target.
- Build a code portfolio for data science paths.
Common Mistakes
- Pure math without applied skills can narrow options.
- Skipping internships.
Glossary
SOASociety of Actuaries.MFEMaster of Financial Engineering.
FAQ
Is math better than CS for data science? Either works — the combo is strongest.
Key Takeaways
- Math + applied skills = top-earning path.
- Actuary path has the clearest early earnings.
Math is one of the most leveraged bachelor's — pair it with computing and statistics, and the career options open fast.
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