Financial Mathematics

Stem Major

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Total Degrees
Awarded in 2017

2,144

growing 57%

Median In-State
Public Tuition

$9,322

growing 0.615%

Median Out-of-State
Private Tuition

$44,030

growing 2.97%

Average Wage

$98,826

growing 3.86%

People in Workforce

736,056

growing 2.47%

Average Employee Age

declining 1.51%

About

Institutions

Employment

Diversity

Skills

About

The locations with the highest concentration of Financial Mathematics degree recipients are Los Angeles, CA, New Orleans, LA, and Storrs, CT. The locations with a relatively high number of Financial Mathematics degree recipients are Storrs, CT, Parkland, WA, and Bethlehem, PA. The most common degree awarded to students studying Financial Mathematics is a masters degree.

Photo by Tris Linnell

Math & Statistics Applied Mathematics

Institutions

Information about the types of higher education institutions that grant degrees in Financial Mathematics and the types of students that study this field. Tulane University of Louisiana awards the most degrees in Financial Mathematics in the US, but Pepperdine University and University of Portland have the highest percentage of degrees awarded in Financial Mathematics.

Tuition costs for Financial Mathematics majors are, on average, $9,322 for in-state public colleges, and $44,030 for out of state private colleges.

The most common sector, by number of institutions, that offers Financial Mathematics programs are Private not-for-profit, 4-year or above institutions (46 total). The most common sector, by number of degrees awarded, is Private not-for-profit, 4-year or above (1,392 completions).

Institutions

Institution with the Most Degrees Awarded in Financial Mathematics

The most common sector, by number of degrees awarded in Financial Mathematics, is Private not-for-profit, 4-year or above (1,392 completions).

The following chart shows the share of universities that offer Financial Mathematics programs, by the total number of completions, colored and grouped by their sector.

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Tuition Costs for Common Institutions

$9,322

Median In-State Public

$44,030

Median Out of State Private

Tulane University of Louisiana has the most Financial Mathematics degree recipients, with 172 degrees awarded in 2017.

The following bar chart shows the state tuition for the top 5 institutions with the most degrees awarded in Financial Mathematics.

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Specialized Colleges

Highest Concentration Institution

Out of all institutions that offer Financial Mathematics programs and have at least 5 graduates in those programs, Pepperdine University and University of Portland have the highest percentage of degrees awarded in Financial Mathematics, with 4.82% and 4.26%, respectively.

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Degrees Awarded by County

Counties with the Most Degrees Awarded in Financial Mathematics

This map shows the counties in the United States colored by the highest number of degrees awarded in Financial Mathematics by year.

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Growth in Awarded Degrees

Counties with the Fastest Growing Number of Degrees Awarded

This map shows the counties in the United States colored by the highest growth in degrees awarded for Financial Mathematics.

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Employment

Information on the businesses and industries that employ Math & Statistics graduates and on wages and locations for those in the field.

The average salary for Math & Statistics majors is $98,826 and the most common occupations are Postsecondary teachers, Elementary & middle school teachers, and Software developers.

The industry that employs the most Math & Statistics majors is Elementary & secondary schools, though the highest paying industry, by average wage, is Seafood & other miscellaneous foods, n.e.c. .

Wages

Yearly Income for Common Jobs

The closest comparable data for the 6 Digit Course Financial Mathematics is from the 2 Digit Course Math & Statistics.

$98,826

Average Wage in Workforce

± $2,952

3.86%

1 Year Growth

± 3.98%

The average salary for Math & Statistics majors is $98,826 and the most common occupations are Postsecondary teachers, Elementary & middle school teachers, and Software developers.

This chart shows the average annual salaries of the most common occupations for Math & Statistics majors.

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± 21,012

2.47%

1 Year Growth

± 3.96%

The number of Math & Statistics graduates in the workforce has been growing at a rate of 2.47%, from 718,331 in 2017 to 736,056 in 2018.

The industry which employs the most Math & Statistics graduates by share is Elementary & secondary schools, followed by Colleges, universities & professional schools, including junior colleges. This visualization shows the industries that hire those who major in Math & Statistics.

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Specialty Locations

The closest comparable data for the 6 Digit Course Financial Mathematics is from the 2 Digit Course Math & Statistics.

PUMAS with a relatively high number of Math & Statistics majors

This map shows the public use micro areas (PUMAs) in the United States where there are a relatively high population of Math & Statistics majors.

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Diversity

Demographic information on those who earn a degree in Math & Statistics in the US. The average age of a person in the workforce with a degree in Math & Statistics is 44, and the most common degree type these workers hold is a Masters Degree. Male employees are more likely to hold Math & Statistics degrees, and Non-resident Alien students earn the majority (1,612) of the degrees.

Workforce Age

The closest comparable data for the 6 Digit Course Financial Mathematics is from the 2 Digit Course Math & Statistics.

Average Age in 2018

± 0.406 Years

1.51%

1 Year Change

± 1.31%

This chart shows distribution of ages for employees with a degree in Math & Statistics. The most common ages of employees with this major are 26 and 30 years old, which represent 2.92% and 2.84% of the population, respectively.

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Degrees Awarded

The most common degree types awarded to students graduating in Financial Mathematics are Masters Degree, Bachelors Degree, and 1 to 2 Year Postsecondary Certificate.

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Workforce Degrees

The closest comparable data for the 6 Digit Course Financial Mathematics is from the 2 Digit Course Math & Statistics.

The most common degree types held by the working population in Math & Statistics are Bachelors Degree, Masters Degree, and Doctorate degree.

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Gender Imbalance for Common Institutions

Male (56.1%)

Most Common Gender with a Degree in this Field

This chart shows the granted degrees by gender at the 5 institutions that graduate the most students in Financial Mathematics.

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Race & Ethnicity by Degrees Awarded

Most Common Race or Ethnicity

Non-resident Alien
1,612 degrees awarded
White
286 degrees awarded
Asian
144 degrees awarded

This chart shows the number of degrees awarded in Financial Mathematics for each race & ethnicity. Non-resident Alien students earned the largest share of the degrees with this major.

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Race & Ethnicity by Gender

Most Common Race/Ethnicity and Gender Combination

White Male
63 degrees awarded
Non-resident Alien Female
55 degrees awarded
Non-resident Alien Male
45 degrees awarded

This chart illustrates the differences by gender for each race & ethnicity of Bachelors Degree recipients in Financial Mathematics. White Male students, who earn most of the degrees in this field, are the most common combination of race/ethnicity and gender.

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Global Diversity

The closest comparable data for the 6 Digit Course Financial Mathematics is from the 2 Digit Course Math & Statistics.

Most Common Countries of Origin

India
34,525 degree recipients
China
30,974 degree recipients
Korea
7,550 degree recipients

High Relative Number of Students

Other Asia, not specified
6.61 times more than expected
Moldova
6.18 times more than expected
Spain
4.21 times more than expected

There are a relatively high number of people that were born in Other Asia, not specified that hold Math & Statistics degrees (6.61 times more than expected), and the most common country of origin by total numbers for non-US students earning a degree in this field is India (34,525 degree recipients).

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Skills

Data on the critical and distinctive skills necessary for those working in the Financial Mathematics field from the Bureau of Labor Statistics. Financial Mathematics majors need many skills, but most especially Reading Comprehension. The revealed comparative advantage (RCA) shows that Financial Mathematics majors need more than the average amount of Mathematics, Programming, and Systems Evaluation.

These two visualizations, one a radial chart and one a bar chart, show the same information, a rating of how necessary the following skills are for Financial Mathematics majors. Toggle between "value" and "RCA" to see the absolute rating of that skill (value) and the revealed comparative advantage (RCA), or how much greater or lesser that skill's rating is than the average. The longer the bar or the closer the line comes to the circumference of the circle, the more important that skill is. The importance of Mathematics is very distinctive for majors, but the Reading Comprehension, Mathematics, and Writing are the three most important skills for people in the field.