Mathematical Careers

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Mathematical Careers in Business and Management
Mathematics is an integral component in Business and Management professions. Analysis, probability and statistics, and other related areas of mathematics are used on a daily basis. The mathematicians who choose this career path often have degrees in Business, Computer Science, and Marketing, as well as Mathematics.
Mathematical Careers in Engineering
Mathematics is an integral component in the Engineering field. A mathematician who chooses a career in engineering uses a lot of methods of numerical analysis, as well as linear algebra, advanced calculus, and probability and statistics. An engineer often works with a group of people to come up with innovative ideas for products. Companies need engineers to use their knowledge of mathematics, science, business, and other areas, to come up with ideal solutions to what they are looking for.
Mathematical Careers in Operations Research
Mathematics is an important part of the field of Operations Research. A mathematicians in this field uses his/her mathematical knowledge to improve the efficiency of business operations in our communities. By using models, he/she can represent certain problems which enbables him/her to figure out the optimal, or close to optimal, solution to the problem with the aid of these models.
A mathematician of this type also depends on his knowledge of computer science, economics, and engineering skills. An Operations Researcher has joint degrees in these subject matters, so someone looking to go into this field should make sure to involve these areas into their education.
Mathematical Careers in Statistics
A statistician is a mathematician who collects and studies data in order to better understand our world and analyze some of its problems.
On a more particular level, a mathematician of this type collects information and data about the particular topic that he/she is studying, and then uses his/her knowledge of probability and statistics to analyze and understand this collection of information. Once he/she has done this, he/she uses this new knowledge to attempt to gain a sense of understanding of other applicable situations, where he/she can now predict various probable outcomes. To go about collecting the data needed for the calculations ahead, the statistician might conduct surveys, make models, create test cases, etc.
The degree that a statistician holds is often a major influence on the type of job that they are able to attain. Many employers in this field encourage their employees to continue to further their education, and therefore may offer scholarships or classes within the company. Presently, there is a high demand for statisticians. This may widen one‘s chance of being hired, but it also creates a more competitive field.
Mathematical Careers in the Actuarial Field
Mathematics is a valuable tool in the Actuarial field. What an actuary does is create and maintain valuable statistics that help organizations predict the future. An actuary has an abundance of mathematical skills, enjoys problem-solving, and is usually a curious person who is interested in doing research. Besides these qualities that an actuary normally possesses, one must be able keep up on current trends and business issues, as well as know the latest information in the social sciences, law, and economics. This knowledge enables an actuary to be familiar with any situation that he/she is asked to tackle. Therefore, he/she is able to factor in the certain social and cultural factors that effect his/her calculations, which brings him/her to the significant predictions that he/she is paid to find.