Career Information for a Degree in General Mathematics
As much as many people wish that calculators would simply do all their math for them, knowledge of mathematics is a requisite for many jobs in the modern economy. A degree in General Mathematics can prepare students to work as actuaries, statisticians, operations research analysts and more. Read about it here!
What is a Degree in General Mathematics?
A degree in General Mathematics develops students' abilities in algebra, calculus, statistics, differential equations and other subjects. Students develop and complete geometric proofs, memorize countless formulas and refine their critical-thinking and problem-solving skills. Although some General Mathematics majors go on to pursue graduate studies and careers as mathematicians, many others use their mathematical skills to begin careers in related professions, not all of which require education beyond the bachelor's degree. Possible careers for graduates of General Mathematics degree programs include actuarial science, statistics and operations research analysis.
Actuaries use their mathematics skills to conduct risk assessments and risk management for business concerns. Most actuarial work is done within the insurance industry, although banks and credit institutions also use actuaries to determine borrower creditworthiness and the relative profitability of proposed ventures. The recent economic downturns have made risk assessment very important to both the insurance and the lending industries. Applicants must pass a difficult exam in order to become certified as actuaries, and salaries and job prospects are both good, according to the Bureau of Labor Statistics (BLS), www.bls.gov, which reports that the median annual income in this profession was $82,800 in 2006.
Statisticians are in the business of extrapolating information and trends from numerical data. They take samples from experiments and surveys and determine such things as the likely number of families viewing a particular television show at a given time, the probability that a product will fail under certain circumstances or the amount of pedestrian traffic that passes a busy shopping corner each day. Many statistician jobs require a master's degree in mathematics or statistics, but the federal government only requires a bachelor's degree for most jobs within its agencies and services. According to the BLS, statisticians and related workers will enjoy good job prospects in coming years. Most statisticians earned between $48,480 and $87,850 in 2006.
Operations Research Analysts
Operations research analysts apply management science, analytical techniques and research results to help management professionals make better business decisions and streamline business functions. The discipline was developed by the military establishment and is now widely used in industry and commerce. Some operations research analysts specialize in areas such as industrial manufacturing or data management, examining the ways that production facilities manufacture goods or how companies store and manage information. They then determine ways to increase the efficiency of these processes. Workers in this and similar fields should have good opportunities in upcoming years, according to the BLS. The median annual salary in 2006 was $64,650.
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