Financial Mathematics

Stem Major

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Total Degrees​
Awarded in 2020
4,421
growing 10.6%
Median In-State​
Public Tuition
$10,886
growing 2.68%
Median Out-of-State​
Private Tuition
$48,502
growing 2.45%
Average Wage
$101,981
growing 1.38%
People in Workforce
726,608
growing 3.46%
Average Employee Age
44.3
declining 0.461%

About

The locations with the highest concentration of Financial Mathematics degree recipients are Los Angeles, CA, Coral Gables, FL, and Storrs, CT. The locations with a relatively high number of Financial Mathematics degree recipients are Hoboken, NJ, Waltham, MA, and Coral Gables, FL. The most common degree awarded to students studying Financial Mathematics is a masters degree.

learningInstitutions

Information about the types of higher education institutions that grant degrees in Financial Mathematics and the types of students that study this field. University of Miami awards the most degrees in Financial Mathematics in the US, but University of the West and Stevens Institute of Technology have the highest percentage of degrees awarded in Financial Mathematics.

Tuition costs for Financial Mathematics majors are, on average, $10,886 for in-state public colleges, and $48,502 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 (66 total). The most common sector, by number of degrees awarded, is Private not-for-profit, 4-year or above (2,416 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 (2,416 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

$10,886
Median In-State Public
$48,502
Median Out of State Private

University of Miami has the most Financial Mathematics degree recipients, with 197 degrees awarded in 2020.

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

Out of all institutions that offer Financial Mathematics programs and have at least 5 graduates in those programs, University of the West has the highest percentage of degrees awarded in Financial Mathematics, with 9.62%.

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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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briefcaseEmployment

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 $101,981 and the most common occupations are Postsecondary teachers, Software developers, and Elementary & middle school teachers.

The industry that employs the most Math & Statistics majors is Elementary & secondary schools, though the highest paying industry, by average wage, is Internet publishing, broadcasting & web search portals.

Yearly Income for Common Jobs

The closest comparable data for the 6 Digit Course Financial Mathematics is from the 2 Digit Course Math & Statistics.
$101,981
Average Wage in Workforce
± $2,949
1.38%
1 Year Growth
± 4.09%

The average salary for Math & Statistics majors is $101,981 and the most common occupations are Postsecondary teachers, Software developers, and Elementary & middle school teachers.

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

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Highest Paying Locations

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

This map shows the public use micro areas (PUMAs) in the United States colored by the average salary of Math & Statistics majors.

Note that the census collects information tied to where people live, not where they work. It is possible that Math & Statistics majors live and work in the same place, but it is also possible that they live and work in two different places.

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Most Common

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

The most common occupations Math & Statistics majors, by number of employees, are Postsecondary teachers, Software developers, and Elementary & middle school teachers.

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Most Specialized

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

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

The highest paid occupations by median income for Math & Statistics majors are Securities, commodities, & financial services sales agents, Surgeons, and Physicians.

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Occupations by Share

The closest comparable data for the 6 Digit Course Financial Mathematics is from the 2 Digit Course Math & Statistics.
726,608
2020 Workforce
± 20,877
3.46%
1 Year Growth
± 3.96%

The number of Math & Statistics graduates in the workforce has been growing at a rate of 3.46%, from 702,321 in 2019 to 726,608 in 2020.

The largest single share of Math & Statistics graduates go on to work as Postsecondary teachers (8.55%). This chart shows the various jobs filled by those with a major in Math & Statistics by share of the total number of graduates.

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Most Common

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

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

The closest comparable data for the 6 Digit Course Financial Mathematics is from the 2 Digit Course Math & Statistics.
726,608
2020 Workforce
± 20,877
3.46%
1 Year Growth
± 3.96%

The number of Math & Statistics graduates in the workforce has been growing at a rate of 3.46%, from 702,321 in 2019 to 726,608 in 2020.

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.

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

Note that the census collects information tied to where people live, not where they work. It is possible that Math & Statistics majors live and work in the same place, but it is also possible that they live and work in two different places.

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geosearchDiversity

Demographic information for those who earn a degree in Math & Statistics in the United States.

The average age of a person in the workforce with a degree in Math & Statistics is 44.3.

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 are the most common race/ethnicty group awarded degrees in Math & Statistics (3,001 students).

Workforce Age

The closest comparable data for the 6 Digit Course Financial Mathematics is from the 2 Digit Course Math & Statistics.
44.3
Average Age in 2020
± 0.403 Years
0.461%
1 Year Change
± 1.3%

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 29 years old, which represent 2.73% and 2.69% 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 Research Doctorate.

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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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Sex Imbalance for Common Institutions

Male (60%)
Most Common Sex with a Degree in this Field

This chart shows the granted degrees by sex 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
  1. Non-resident Alien
    3,001 degrees awarded
  2. White
    793 degrees awarded
  3. Asian
    274 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 Sex

Most Common Race/Ethnicity and Sex Combination
  1. Non-resident Alien Male
    1,507 degrees awarded
  2. Non-resident Alien Female
    1,322 degrees awarded
  3. White Male
    495 degrees awarded

This chart illustrates the differences by sex for each race & ethnicity of Masters Degree recipients in Financial Mathematics. Non-resident Alien Male students, who earn most of the degrees in this field, are the most common combination of race/ethnicity and sex.

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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
  1. India
    33,449 degree recipients
  2. China
    28,347 degree recipients
  3. Korea
    6,319 degree recipients
High Relative Number of Students
  1. USSR
    5.34 times more than expected
  2. Russia
    3.89 times more than expected
  3. Finland
    3.89 times more than expected

There are a relatively high number of people that were born in USSR that hold Math & Statistics degrees (5.34 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 (33,449 degree recipients).

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predictive-analysisSkills

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 Programming, Mathematics, and Management of Financial Resources.

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 Programming is very distinctive for majors, but the Reading Comprehension, Critical Thinking, and Writing are the three most important skills for people in the field.

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Bar Chart

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