If you’re interested in getting a graduate mathematics education, enrolling in the best mathematics master’s degree program can set you on the right path. According to the US Bureau of Labor Statistics, the job outlook for mathematicians is 33 percent between 2020 and 2030, meaning there is an expected exponential increase in mathematics occupations.
Mathematics master’s degree jobs are among the highest-paying occupations. In this article, we will explore the best Master’s Degrees in Mathematics and the steps students must take to earn a mathematics graduate degree from a public or private college or university in the US.
Where Can I Get a Master’s Degree in Mathematics?
You can get a Master’s Degree in Mathematics from Arizona State University, Drexel University, Iowa State University, Oregon State University, Syracuse University, and The University of Texas at San Antonio. The programs offered by these institutions provide students with analytical skills and expertise in advanced mathematical concepts.
What Schools Offer the Best Mathematics Master’s Degrees?
- Arizona State University
- Drexel University
- Oregon State University
- Syracuse University
- The University of Texas at San Antonio
What Are the Admission Requirements for a Master’s Degree in Mathematics?
The admission requirements for a mathematics master’s degree are a bachelor’s degree in a mathematics-related field with a 3.0 GPA or higher. Some universities may require a minimum number of credits in mathematics and statistics.
Most schools also require prospective students to submit official transcripts and GRE scores. Other admission requirements may include letters of recommendation, a resume, a statement of purpose, and a personal essay.
Mathematics Master’s Degree Admission Requirements
- Bachelor’s Degree in Mathematics or a related field
- Official transcripts
- GRE scores
- Minimum 3.0 undergraduate GPA
- Letters of recommendation
- Resume
- Statement of purpose
- Essay
How to Get a Mathematics Master’s Degree
You get a mathematics master’s degree by fulfilling all of the graduation requirements. Most programs require students to complete 30 to 45 credits and maintain a 3.0 GPA.
How Many Credits Do You Need for a Master’s Degree in Mathematics?
You need 30 to 45 credits for a Master’s Degree in Mathematics. Most programs require students to complete 12 to 18 credits in core courses, 18 credits in electives, and three credits in research. You’ll need to complete a thesis requirement for most programs, but some universities, such as University of Washington, offer a non-thesis option.
Mathematics Degree Requirements
- Core credits
- Elective credits
- Research credits
- Thesis
Best Mathematics Master’s Degree Programs and Schools: Overview
| School | Program | Accreditation |
|---|---|---|
| Arizona State University | Master of Arts in Mathematics | Higher Learning Commission |
| Drexel University | Master of Science in Mathematics | Middle States Commission on Higher Education |
| Indiana State University | Master of Science in Mathematics | Higher Learning Commission |
| Iowa State University | Master of Science in Mathematics | Higher Learning Commission |
| Northern Arizona University | Master of Science in Mathematics | Higher Learning Commission |
| Oklahoma State University | Master of Science in Mathematics | Higher Learning Commission |
| Oregon State University | Master of Science in Mathematics | Northwest Commission on Colleges and Universities |
| Syracuse University | Master of Science in Mathematics | Middle States Commission on Higher Education |
| The University of Texas at San Antonio | Master of Science in Mathematics | Southern Association of Colleges and Schools, Commission on Colleges |
| University of Washington | Master of Science in Mathematics | Northwest Commission on Colleges and Universities |
Best Schools for Mathematics: Top Mathematics Master’s Degree Programs
The 10 best mathematics master’s degrees are from accredited US schools like Arizona State University, Drexel University, Oregon State University, and Syracuse University. Below, you will find out what makes each program worthwhile, what admissions requirements they enforce, and how to apply.
What Is a Mathematics Master’s Degree?
A mathematics master’s degree is a graduate-level credential that’s earned through a two-year graduate program. It explores advanced numerical analysis and mathematical theory and their applications through a wide variety of practical projects. This program typically covers core courses in advanced calculus, abstract algebra, linear algebra, complex variables, discrete mathematics, numerical analysis, applied probability and statistics, partial differential equations, and ordinary differential equations.
All of these topics provide a firm understanding of the practical applications of advanced mathematics. A mathematics master’s degree equips graduates for specialization and leadership roles, including community college instructors, accountants, mathematicians, data analysts, statistical analysts, and geographic information systems analysts.
How Important Is a Master’s Degree in Mathematics?
A Master’s Degree in Mathematics is very important. You should get a Master’s Degree in Mathematics if you intend to pursue a doctoral program in a mathematics-related field or career opportunities in teaching, research, or finance. Most government and research jobs in mathematics-related fields require a graduate degree in mathematics.
What Types of Master’s Degrees Can You Get in Mathematics?
The types of master’s degrees you can get in mathematics are a master of science and a master of arts degree. Both programs are equal in length but differ in the curriculum. Of the two options, a master of science is the more popular degree option.
Is It Better to Get a Master of Science or Master of Arts in Mathematics?
It is better to get a Master of Science in Mathematics. While both master’s degrees in mathematics provide a stepping stone towards a PhD, a master of science equips graduate students with advanced mathematics skills and better employability after graduation.
A master of science program covers advanced calculus, numerical linear algebra, theoretical mathematics, computational mathematics, number theory, complex analysis, topology, and applied stochastics. Graduate students take on roles in government, economics, and teaching. They work as statisticians, financial analysts, market researchers, actuaries, operation research analysts, and secondary education teachers.
What Is the Difference Between a Mathematics Master’s Degree and a Mathematics Certificate?
The difference between a mathematics master’s degree and a mathematics certificate is the length of the program, number of credits required to graduate, cost, and level of education. Graduate certificates in mathematics cost less, take less time to complete, and are lower in educational level. Master’s Degree in Mathematics programs are more rigorous, require the completion of more credits, and offer better career prospects since they are the minimum requirement for most jobs in mathematics-related fields.
How Much Does It Cost to Get a Master’s Degree in Mathematics?
On average, it costs $19,314 to get a Master’s Degree in Mathematics. However, the cost may range between $12,171 and $25,929, depending on whether you choose a private or public research institution and are an in-state or out-of-state resident.
How Long Does It Take to Get a Mathematics Master’s Degree?
It takes two academic years to get a mathematics master’s degree for full-time students. Prospective students must complete 30 to 45 credits in mathematical topics, including elective coursework. To graduate in two years, students have to take 15 credits per year.
How Hard Is It to Get a Master’s Degree in Mathematics?
It is very hard to get a Master’s Degree in Mathematics. Graduate students enrolled in a mathematics program must be proficient in all aspects of the demanding field. However, the difficulty of this master’s degree program is relative and dependent on the student, school, and type of degree.
Why Should You Get a Mathematics Master’s Degree?
You should get a mathematics master’s degree if you are interested in pursuing a career in teaching, research, or economics. Pursuing this degree helps students develop analytical and problem-solving skills. These skills are essential for careers in financial analysis, investment analysis, operations research analysis, mathematics, and statistics.
What Courses Do You Need to Take in a Master’s Degree Program in Mathematics?
Some of the courses you need to take in a master’s degree program in mathematics include algebra, advanced calculus, complex variables, probability and statistics, and real analysis. Below is an explanation of each of the core courses.
Algebra
In this course, students will build on their knowledge of algebra by learning about advanced topics such as linear algebra and abstract algebra. You’ll learn more about lines, vector spaces, rings, modules, fields, algebra, and lattices.
Advanced Calculus and Real Analysis
This is one of the most rigorous courses in a mathematics master’s degree program. It covers advanced topics in calculus, such as ordinary differential equations, partial differential equations, sequences and series, mathematical proofs, continuity, and limits of functions.
Complex Analysis
This class equips students with complex analysis skills that are essential in a wide range of mathematics careers. Some of the applications reviewed in this course include Fourier transforms, Laplace transforms, computing hard integrals, two-dimensional fluid flow, and harmonic functions.
Probability and Statistics
Probability and statistics are the cutting edge mathematics applications in economics. Graduate students learn how to use methods of applied mathematics to create, analyze, and interpret a wide range of models. You’ll also gain a solid foundation in researching, developing, and applying computational and quantitative techniques to risk management and investment.
Topology and Geometry
Topology is connected to many mathematics fields, including algebra, combinatorics, algebraic geometry, partial differential equations, differential geometry, and analysis. You’ll learn how to apply your knowledge of topology and geometry to a variety of areas from the geometry of DNA to the structure of large data sets.
Continuing Education Paths for Mathematics Master’s Degree Graduates
The most common continuing education path for mathematics master’s degree graduates is a doctoral degree. Mathematics master’s degree graduates can also pursue the finance and investment industry by earning a relevant certification.
Some of the most popular certifications for mathematics master’s degree holders include Certified Financial Analyst (CFA), Chartered Alternative Investment Analyst (CAIA), Certified Financial Risk Manager (FRM), Certified Financial Planner (CFP), Certified Investment Management Analyst (CIMA), Associate of the Society of Actuaries (ASA), Fellow of the Society of Actuaries (FSA), and Member of the American Academy of Actuaries (MAAA).
Related Mathematics Degrees
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What to Look For in the Best Mathematics Master’s Degree Programs
The things to look for in the best mathematics master’s degree programs are accreditation, career services, cost, graduation rate, and concentration options. Each of these factors plays an important role in your education journey and should be carefully considered.
Accreditation
Choosing a Master’s Degree in Mathematics program from an accredited institution ensures your mathematics education meets the standardized quality and level that it should. Accreditation is important because graduating with an accredited degree allows you to pursue your PhD from an accredited university. In addition, employers prefer accredited degree holders because they know their education met regional or national standards.
Career Services
Before choosing a university, you might want to consider whether or not it offers career services. Many universities and colleges have a career services department where students can receive assistance with their resumes, interviews, job search, and other career-related needs. Career services departments are also often partnered with a variety of organizations, offering students access to relevant jobs during their degree program or after graduating.
Cost
The cost of a Master’s Degree in Mathematics degree varies across schools. Public schools are significantly cheaper than private schools. The cost may also vary based on the credits of coursework and whether you’re enrolled on a full-time basis or part-time basis.
Graduation Rate
The graduation rate of a university is essential because it tells you how likely you are to graduate based on data from previous graduate students. Keep in mind that graduation rates aren’t an independent indication of your likelihood to graduate. There are many factors that affect graduation rates, particularly personal and financial hardships. So, while a high graduation rate is a good sign, it shouldn’t deter you from a school that you want to attend otherwise.
Concentration Options
Universities offer distinct tracks, curriculum choices, and elective choices. If you’re interested in a specialized area of mathematics, such as applied mathematics or financial mathematics, it’s essential to perform a school search for a math education program that meets your program details requirement.
What Is the Most Affordable Mathematics Master’s Degree?
The most affordable mathematics master’s degree program is Oklahoma State University’s Master of Science in Mathematics. It costs in-state students about $7,715 and out-of-state students about $29,031. The most affordable mathematics master’s degree program for out-of-state students is offered by Indiana State University at $28,017.
Salary and Job Outlook for Mathematics Master’s Degree Graduates
According to the US Bureau of Labor Statistics, the demand for mathematicians and statisticians is expected to grow by 33 percent between 2020 and 2030, which is much faster than the average for all occupations. With a mathematics master’s degree, you can become an actuary, operations research analyst, financial analyst, or investment analyst, all of which are high-paying and in-demand professions.
How Hard Is It to Get a Job With a Mathematics Master’s Degree?
It is not hard to get a job with a mathematics master’s degree. The best mathematics master’s degree programs offer career services to ensure student success. Career services include internships, job interview preparation, resume and cover letter writing assistance, and career counseling.
What’s the Average Mathematics Master’s Degree Salary?
The average mathematics master’s degree salary is $85,000. On average, people in this line of work with this degree can earn between $55,000 to $151,000. Companies that pay mathematics graduates the highest average salaries include Microsoft, Merkle, Bank of America, LendingTree, Raytheon, Reinsurance Group of America, Ally Financial, and Zillow.
What Types of Jobs Can You Get With a Mathematics Master’s Degree?
The jobs you can get with a mathematics master’s degree are in finance, healthcare, government, education, and research. Mathematics master’s degree graduates can work as actuaries, financial and investment analysts, mathematicians, operation research analysts, and statisticians.
Mathematics Degree Jobs
- Actuary
- Financial and Investment Analyst
- Mathematician
- Operations Research Analyst
- Statistician
Potential Careers With a Mathematics Degree
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How Much Money Can You Make With a Master’s Degree in Mathematics?
You can make between $81,410 and $111,030 per year with a Master’s Degree in Mathematics. The highest paying mathematics master’s degree jobs include actuary, mathematician, statistician, operations research analyst, and financial analyst jobs.
Highest-Paying Mathematics Master’s Degree Jobs and Salaries: Overview
| Mathematics Master’s Degree Jobs | Average Salary |
|---|---|
| Actuary | $111,030 |
| Mathematician | $108,100 |
| Statistician | $95,570 |
| Operations Research Analyst | $82,360 |
| Financial Analyst | $81,410 |
Best Jobs for Mathematics Master’s Degree Grads
The best mathematics master’s degree jobs are statistical, research, and analytics positions that earn between $81,410 to $111,030 per year. The section below outlines some of the best mathematics master’s degree jobs, salaries, and job growth statistics.
Best Jobs According to Your Major
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Is a Master’s Degree in Mathematics Worth It?
Yes, a Master’s Degree in Mathematics is worth it. Getting a mathematics master’s degree prepares you for some of the most in-demand careers such as actuary, mathematician, statistician, operations research analyst, and financial analyst positions.
From a return on investment (ROI) perspective, it makes sense to get a Master’s Degree in Mathematics. It costs $19,314 on average to get a Master’s Degree in Mathematics, while the average salary for someone with a mathematics master’s is $85,000.
Additional Reading About Mathematics
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Mathematics Master’s Degree FAQ
Yes, a Master of Science in Mathematics is a good degree. It offers you the analytical and problem-solving skills necessary to succeed in high-paying relevant positions. The skills learned in a mathematics master’s degree program are also easily transferable to other fields.
It is better to get a mathematics master’s degree because it is cheaper, takes less time to complete, and is easier to attain. While a mathematics doctoral degree will qualify you for higher pay and certain advanced positions, the majority of mathematics jobs only require a master’s degree.
Yes, it is hard to get a mathematics PhD. A mathematics PhD is rigorous and demanding compared to other degrees.
Yes, there are mathematics master’s degrees available online. Some of the universities offering an online Master’s Degree in Mathematics program include PennState World Campus, Southern New Hampshire University, Columbia University, Johns Hopkins University, Texas A&M University, and James Madison University.
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