Overview of Applied Mathematics

Applied mathematics involves the application of mathematical techniques to the solution of real world problems. It is a major field of study and research that links the fields of mathematics and the sciences. Examples of applied mathematics include mathematical modeling, computer simulation, and probability and statistics.

Career Opportunities with Applied Mathematics

Applied mathematics offers multiple career paths for people interested in math-related fields. Applied mathematicians have many career paths available, such as data scientist, quantitative analyst, operations research analyst, risk analyst, and software developer. Other potential employers may include finance, technology, consulting, economics, government, and research and development.

Internship and Co-op Opportunities

Many universities offer internship and co-op opportunities in applied mathematics. These programs can provide students with hands-on experience in the field. Internships and co-ops also often include professional training and mentorship, allowing students to gain greater insight into the field and make important connections with potential employers.

Tracks and Concentrations

While applied math covers a variety of areas, some universities offer specialized tracks or concentrations. These can include courses in data science, stochastic processes, mathematical finance, computational mathematics, numerical analysis, and more.

Graduate School and Further Education

Advanced degrees in applied mathematics can be beneficial for those wishing to pursue a career in research or academia. An applied mathematics undergraduate degree can also provide a foundation for courses in engineering, business, computer sciences, and the biological sciences. Students should speak to their school guidance counselors and research different universities for further information.

Impact of Artificial Intelligence

Artificial intelligence (AI) is having a major impact on applied mathematics. AI research is finding applications in a variety of mathematical tasks, such as optimization, control, machine learning, and even mathematics itself. AI is helping to automate existing processes, as well as create new ones, making calculations easier and faster and driving innovation across different industries.

Career Outlook

As the need for analytical and quantitative skills continues to grow, the demand for mathematicians is expected to remain strong. With the increasing use of AI, applied mathematics is particularly in demand in fields such as data science, predictive analytics, and machine learning. There are also multiple opportunities for applied mathematicians in finance, engineering, consulting, and government. In general, advanced degrees will give graduates the best opportunities for a successful career.

Here are the top reported starting salaries for graduates in Applied Mathematics:

Northwestern University, Salary: $80,781

Virginia Polytechnic Institute and State University, Salary: $76,413

Columbia University in the City of New York, Salary: $71,727

University of California-Berkeley, Salary: $71,282

University of Connecticut-Avery Point, Salary: $68,050

University of Connecticut-Waterbury Campus, Salary: $68,050

University of Connecticut-Hartford Campus, Salary: $68,050

University of Connecticut, Salary: $68,050

University of Connecticut-Stamford, Salary: $68,050

Colorado School of Mines, Salary: $67,521

For privacy reasons, not all schools report the first year salaries for students who earned their bachelor’s degree in Applied Mathematics.