5 Top Reasons to Earn a Mathematics or Statistics Degree
- Skills Apply to Many Different Fields
- Numbers Come Easily
- Demand Will Continue to Grow for Data
- Salaries are High
- Graduate School Admissions
There are some very good reasons to seek a degree in mathematics and statistics. These fields are highly in demand among several industries and command very high salaries. Here are the reasons why these degrees can be a valuable investment.
1. Skills Apply to Many Different Fields
Mathematics and statistics can be applied to a wide range of fields, including engineering, market research, the sciences, educational institutions, finance, the insurance industry and more. Many of these professionals work for the government as well as research and development firms. Holders of these degrees have the opportunity to apply their skills in many different fields, so they have the flexibility to choose where they would most like to work.
2. Numbers Come Easily
For some people, numbers come much more easily than they do for others. Individuals who enjoy working with numbers are going to be well-suited to the work professionals with this degree perform. This is not something everyone can do, as proven by the sheer number of people who do not enjoy or understand math. For someone who does, it can be a powerful sign that majoring in either one of these subjects is the right choice. It is always a good idea to pursue a degree of something you enjoy doing and at which you are skilled. Numerical literacy is something from which a career can easily be fashioned.
3. Demand Will Continue to Grow for Data
As technology develops and more and more companies and organizations pay attention to analyzed data to make decisions, the role of mathematicians and statisticians will continue to gain in importance. These are the professionals who collect and analyze data, putting it through models, gain insight and come up with solutions in the world today. Data is having an incredible impact on every aspect of modern life, whether in marketing, public policy, insurance underwriting and in many other ways.
4. Salaries are High
Salaries for mathematicians and statisticians are very high, making this one of the best reasons to seek a degree in mathematics and statistics. According to the Bureau of Labor Statistics, mathematicians earn an average of $101,900 per year while for statisticians it is $87,780. This is very important for students who want to ensure their major of choice will lead to a well-paying job, especially if they are taking out loans to go to school. Salaries tend to be highest in government and scientific jobs and the lowest in education roles.
Related Resource: 15 Best Affordable Mathematics and Statistics Degree Programs
5. Graduate School Admissions
A master’s degree is typically required to pursue a career as a mathematician. But even students who want to go into another career may find that an undergraduate mathematics or statistics degree is a good choice. This is because many professional graduate degree programs, such as those in medicine, business and even law, see the value of these degrees. Mathematics and statistics degrees develop analytical and problem-solving skills, both of which are needed to succeed in these graduate programs as well as professionally.
A mathematics or statistics degree is valuable to have, whether it is earned at the undergraduate or graduate level. These are in-demand degrees with a lot of variation on what graduates can do with them. The above reasons to seek a degree in mathematics and statistics should be convincing.