The average Mathematician in the United States earns approximately $72K per year. Career duration and the particular city each impact pay for this group, with the former having the largest influence. Mathematicians who took the survey are largely men, dominating at 81 percent. A large number report receiving medical coverage from their employers and the larger part collect dental insurance. Most Mathematicians report high levels of job satisfaction. Respondents to the PayScale salary survey provided the data for this report.
Job Description for Mathematician
The career of a mathematician centers on performing advanced mathematical equations (often with computers and using complex software) to theorize and understand mathematical principles and, in turn, solve real-world problems. A common misconception about mathematicians is that they work only with integers; however, they also work with more abstract structures such as rings in the algebraic number theory. Applying theories to shapes and geometry is just one example of a particular skill that makes one far more effective in this field.Read More...
The industries that employ mathematicians include the federal government, medical technologies, and private science and engineering research companies. When a mathematician uses mathematics in combination with another specialty, such as flight engineering or medicine, it is called "applied mathematics." The typical work environment is either a research lab, often within a university or the private sector, or a regular office setting. In more specialized fields such as applied mathematics, they may work within an area dedicated to the second function of their specialty. For example, a mathematician working in applied mathematics for a private engineering company that develops spacecraft may work within factory settings on hands-on activities.
People working in the field of mathematics are typically required to have a minimum of 2 to 4 years’ experience and a Bachelor's degree in Statistics or a related field. There is no typical schedule, since the relevant fields in mathematics vary so greatly, but a regular Monday-through-Friday work week is not uncommon.
The typical day for a mathematician involves an early-morning start to the office, where they will work on their current project performing calculations and measurements relevant to its completion. They may perform many trial-and-errors as experiments are performed to attain and/or perfect the results of their theory. A full-time work schedule is undeniable for this position.
- Perform computations and numerical analyses of data.
- Apply mathematical theories to practical problems in a variety of settings and fields.
- Design and development computational methods for solving problems in science, engineering, or other industries.
- Conduct mathematical research to expand the knowledge base of traditional areas of math, such as algebra, geometry, and logic.
- Act as the lead advisor or expert in the application of mathematical analysis to resolve scientific or engineering issues.
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Popular Skills for Mathematician
Mathematicians report using a diverse set of skills on the job. Most notably, facility with R, Python, and C++ Programming Language are correlated to pay that is significantly above average, leading to increases of 27 percent, 26 percent, and 19 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Microsoft Excel and Microsoft Office. Those familiar with Matlab also tend to know R.
Pay by Experience Level for Mathematician
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience seems to be a major factor in determining the incomes of Mathematicians. Salaries for the relatively untried average out to around $65K, but survey participants with five to 10 years of experience earn a significantly higher median of $81K. Mathematicians bring in $91K after working for 10 to 20 years. Survey participants who have worked for more than two decades report bringing in $107K on average.