Mathematics & Statistics Salary Guide
Mathematics & Statistics: Solid Earnings with High Potential for Growth
Median Earnings: $51,396 | Programs: 1,882 | Colleges: 1,336
Salary Analysis
Graduates with a degree in Mathematics & Statistics can expect a median annual salary of $51,396, with a typical range between $44,668 and $61,247. This field offers a solid foundation for analytical roles, but earning potential can vary significantly based on several factors. While entry-level salaries might fall within the lower end of the range, advanced degrees, particularly Master's and Doctoral degrees, often lead to higher starting salaries and greater career advancement opportunities. Geographic location plays a crucial role; metropolitan areas with strong tech, finance, or research sectors, such as Silicon Valley, New York City, or Boston, tend to offer higher compensation compared to rural or less economically dynamic regions. Specializations within mathematics and statistics also influence income. Fields like data science, actuarial science, quantitative finance, and operations research are known for commanding higher salaries due to their specialized skills and high demand. The career salary trajectory for mathematics and statistics majors is generally positive, with opportunities for substantial growth as professionals gain experience and move into senior analytical, management, or research positions. The return on investment (ROI) for a mathematics and statistics degree is often considered good, especially when considering the broad applicability of the skills learned. While the cost of education varies, the analytical and problem-solving skills acquired are highly transferable and valued across many industries, leading to long-term earning potential that can significantly outweigh the initial investment.
Top Paying Colleges for Mathematics & Statistics
| College | State | Median Earnings |
|---|---|---|
| Harvard University | MA | $141,116 |
| Vanderbilt University | TN | $134,475 |
| University of Pennsylvania | PA | $129,732 |
| Duke University | NC | $121,088 |
| Georgetown University | DC | $112,394 |
| Tufts University | MA | $110,512 |
| Massachusetts Institute of Technology | MA | $109,288 |
| Dartmouth College | NH | $108,255 |
| University of North Texas | TX | $106,771 |
| Oregon State University | OR | $104,485 |
| Oregon State University-Cascades Campus | OR | $104,485 |
| Kennesaw State University | GA | $102,672 |
| University of Chicago | IL | $100,421 |
| Pennsylvania State University-World Campus | PA | $100,281 |
| Brown University | RI | $99,193 |
Earnings by Degree Level
- Master's: $83,342 (172 programs)
- Certificate: $57,048 (33 programs)
- Bachelor's: $50,697 (1,425 programs)
- Associate's: $16,986 (218 programs)
- Doctoral (18 programs)
- Graduate Certificate (16 programs)
Career Paths
- Data Scientist: $110,000 — Analyzes complex data to extract actionable insights, often requiring advanced statistical knowledge and programming skills.
- Actuary: $95,000 — Assesses financial risks for insurance companies and other organizations using mathematical models and statistical analysis.
- Statistician: $85,000 — Designs studies, collects and analyzes data, and interprets results to inform decision-making in various fields.
- Operations Research Analyst: $90,000 — Uses mathematical modeling and analytical methods to solve complex problems and improve efficiency in organizations.
FAQ
How much do Mathematics & Statistics majors make?
Graduates with a degree in Mathematics & Statistics typically earn a median salary of $51,396 annually. The salary range generally falls between $44,668 and $61,247. However, this is a broad average. Entry-level positions might start at the lower end, while those with advanced degrees or specialized skills in high-demand areas like data science or actuarial science can command significantly higher starting salaries, often exceeding $70,000 or even $80,000 in competitive markets.
What is the highest paying job with a Mathematics & Statistics degree?
The highest paying roles for Mathematics & Statistics majors are often found in specialized fields that leverage advanced analytical and quantitative skills. Positions like Data Scientist, Quantitative Analyst (Quant) in finance, or senior Actuary can lead to very high salaries, often well into six figures, especially with experience and advanced degrees (Master's or Ph.D.). These roles require a deep understanding of statistical modeling, machine learning, and often programming, and are in high demand across tech, finance, and research industries.
Is a Mathematics & Statistics degree worth the cost?
A Mathematics & Statistics degree generally offers a strong return on investment. The analytical, logical, and problem-solving skills developed are highly transferable and sought after across a wide array of industries, from technology and finance to healthcare and government. While the cost of education varies, the career paths available often lead to well-compensated positions with good long-term earning potential and career growth. The demand for individuals who can interpret data and build models is consistently high, making this degree a valuable asset for future career success and financial stability.
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AI-generated analysis based on U.S. Department of Education data. Not enrollment advice. Verify information with the institution directly.