# Applied Mathematics Degree

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Take Free Career Test## Applied Mathematics Requirements

### Table of Contents

Applied mathematics is a branch of mathematics that deals with mathematical methods that find use in science, engineering, business, computer science, and industry. Thus, applied mathematics is a combination of mathematical science and specialized knowledge.

Academic institutions are not consistent in the way they group and label courses, programs, and degrees in applied mathematics. At some schools, there is a single mathematics department, whereas others have separate departments for Applied Mathematics and (Pure) Mathematics.

Schools with separate applied mathematics departments range from Brown University, which has a large Division of Applied Mathematics that offers degrees through the doctorate, to Santa Clara University, which offers only the M.S. in applied mathematics. Research universities dividing their mathematics department into pure and applied sections include MIT. Brigham Young University also has an Applied and Computational Emphasis (ACME), a program that allows student to graduate with a Mathematics degree, with an emphasis in Applied Maths. Students in this program also learn another skill (Computer Science, Engineering, Physics, Pure Math, etc.) to supplement their applied maths skills.

## Applied Mathematics Careers

The career trajectory of people with an Applied Mathematics degree appears to be focused around a few careers. The most common career that users with Applied Mathematics degrees have experience in is Mathematician, followed by Data Scientist, Financial Quantitative Analyst, Actuary, Software Engineer, Physicist, Money Manager, Stock Trader, Aerospace Engineer, and Credit Analyst.

Career | % of graduates | % of population | Multiple | ||
---|---|---|---|---|---|

Mathematician | 2.4% | 0.1% | 37.9× | ||

Data Scientist | 2.5% | 0.1% | 28.4× | ||

Financial Quantitative Analyst | 2.6% | 0.0% | 199.6× | ||

Actuary | 4.0% | 0.1% | 76.4× | ||

Software Engineer | 2.2% | 0.7% | 3.0× | ||

Physicist | 0.8% | 0.1% | 9.1× | ||

Money Manager | 0.8% | 0.0% | 33.8× | ||

Stock Trader | 1.0% | 0.1% | 11.4× | ||

Aerospace Engineer | 0.7% | 0.1% | 8.8× | ||

Credit Analyst | 0.6% | 0.1% | 5.7× |

## Applied Mathematics Salary

Applied Mathematics graduates earn on average $45k, putting them in the 70th percentile of earners with a degree.

Percentile | Earnings after graduation ($1000s USD) | |
---|---|---|

25th (bottom earners) | $34k | |

Median (average earners) | $45k | |

75th (top earners) | $63k |

## Applied Mathematics Underemployment

Applied Mathematics graduates are highly employed compared to other graduates. We have collected data on three types of underemployment. Part-time refers to work that is less than 30 hours per week. Non-college refers to work that does not require a college degree. Low-paying includes a list of low-wage service jobs such as janitorial work, serving, or dishwashing.

Employment Type | Proportion of graduates | |
---|---|---|

Part-Time | 25% | |

Jobs that don't require college | 25% | |

Low-paying | 9% |