Mathematics is essential to many different jobs across a variety of fields. Within mathematics, exponential functions perform the complex task of predicting how a certain entity will grow, depending on its current value. They are used on a regular basis to measure compound interest, population growth, and the rate of radioactive decay.
In this article, we will describe some of the industries where exponential functions are in high demand. We’ll give you a clearer idea of what exponential functions are and show you how you can build your skills to land jobs that use these functions.
What Are Exponential Functions?
Exponential functions are high-level mathematical functions. These functions are essential in portraying large numbers in a compact form, with a wide range of mathematical and practical applications. It is one of the most important mathematical models in use today. Exponential functions can help businesses project job growth, investment returns, and profit margins.
Are Jobs That Use Exponential Functions in High Demand?
The demand for those who understand exponential functions is high in today’s job market. In the thousands of jobs that require the use of mathematics regularly, exponential functions play a key role in many of them.
Types of Jobs That Use Exponential Functions
Mathematics is critical in various fields and industries in the corporate world. Within these industries, several jobs incorporate exponential functions. Below are some types of jobs that rely heavily on exponential functions.
Scientists
In science, mathematics is a significant tool. Jobs in science vary from physicists studying physical properties to social scientists analyzing and studying the human population and human relationships. Exponential functions can help measure heat loss for physicists or help predict population growth for social scientists.
Engineers
There are many alternative careers for engineers as their skills are multifaceted. Software engineering is an excellent career for anyone interested in mathematics. Among other uses, exponential functions can help engineers measure tensile strength.
Statisticians
Statisticians spend their time tracking and visualizing various datasets to present digestible information from large sets of numbers. Statistics are crucial for countries to predict population growth, and exponential functions are necessary for carrying out this task.
How to Establish a Career in Exponential Functions
We have established that exponential functions are crucial to many different careers. Below, we have prepared some easy-to-follow steps to help you find jobs that use exponential functions.
- Discover your interests. Fortunately, there are several jobs available for you that make use of the exponential function. First, you need to study the landscape and find a potential job that interests you.
- Check employment projections. To make sure that you have a secure future in any career, it is essential to know whether that career is increasing or decreasing in demand. By analyzing market trends, you will find which jobs are on the rise or decline.
- Check salaries. While passion and interest are good variables to consider, job rewards are equally important. Before going into a career, it is vital to know how much pay you can expect.
- Acquire a highly demanded skill set. Once you are sure of the career you want to pursue, find out what level of education and skills are required. Getting an entry-level education is crucial, but getting additional training is also a good idea if you want to further your competence.
- Seek jobs. After receiving job training, it is now time to find the job of your dreams. There are a few things to consider in the process, like job location and working hours. Once you set your sights on a specific profession, visit online job boards and start applying for jobs.
The 10 Best Jobs That Use Exponential Functions
There are numerous jobs out there that make use of exponential functions. However, it can be a hassle to find the best options. We have composed a list of occupations that use exponential functions and include the average annual salaries as well as the growth rate for these employees.
| Job Title | Average Salary | Job Outlook |
|---|---|---|
| Physicists | $129,850 | 8% |
| Astronomers | $119,730 | 8%* |
| Computer Hardware Engineers | $119,560 | 2% |
| Mathematicians | $110,860 | 3% |
| Economists | $108,350 | 13% |
| Statisticians | $92,270 | 35% |
| Mechanical Engineers | $90,160 | 7% |
| Computer Programmers | $89,190 | -10% |
| Structural Engineers | $88,570 | 8% |
| Chemists | $79,300 | 7% |
*Job outlook statistics for physicists and astronomers has been sourced from the US Bureau of Labor Statistics.
What Careers Use Exponential Functions? An In-Depth List
Physicists
A physicist specializes in studying the relationship between matter and energy. Physicists use exponential functions to measure things like radioactive decay. They are helpful in describing growth in entities where the rate of growth depends on the entity’s current value.
Astronomers
Astronomers explore concepts like the nature of time and the universe’s origin. They study the universe and predict meteor showers. Mathematical skills, including exponential functions, are crucial for astronomers to predict different actions in space and the relative distance between stars.
Computer Hardware Engineers
Computer hardware engineers develop computer systems and hardware components. These engineers can utilize exponential equations to design signal and image processors as well as communication circuits. Additionally, these functions also apply to creating high-precision technologies that are useful in everyday life.
Mathematicians
With their unique understanding of numbers, mathematicians research and analyze data and offer a variety of solutions using different formulas. In the finance and insurance industries, mathematicians employ exponential functions to evaluate compound interests and exponential growth of business assets and stocks.
Economists
Through the collection and analysis of data on economic trends and the evaluation of economic issues, economists study the production and distribution of goods and resources in societies. Exponential functions come in handy for economists in determining exponential percentage returns. It also applies to developing models for the appreciation or depreciation of economies.
Statisticians
Like mathematicians, statisticians study and analyze data and offer solutions through mathematical equations. With the use of an exponential function, they can evaluate the effect of an event and determine probabilities. This allows them to work as financial advisors providing professional guidance to mitigate financial risks.
Mechanical Engineers
Mechanical engineers are responsible for designing, developing, and building engines and technical systems. They employ a variety of mathematical equations including the exponential function when analyzing system operations subject to different types of stresses. While mechanical engineers oversee physical processes, they must also understand the working principles behind them.
Computer Programmers
The US Bureau of Labor Statistics reports that computer programmers are responsible for writing code that allow computer applications and software programs to function correctly. Programmers use exponential functions to simplify large sets of numbers and perform specific tasks.
Structural Engineers
Structural engineers are responsible for overseeing construction projects in the public and private sectors. We rely on them for the safety of all public infrastructure, such as bridges and roads. Mathematical equations and exponential functions enable them to create reliable designs with accurate calculations.
Chemists
Like physicists, chemists study and analyze matter at an atomic and molecular level. They examine how these substances interact and often make findings that have great applicable potential. To measure the degradation and potential growth of matter, chemists use exponents and other mathematical functions on a daily basis.
Should You Get a Job that Uses Exponential Functions?
Depending on your interests and skills, it might be beneficial to look into jobs that use exponential functions. As you probably understand by now, jobs that use exponential functions are not only diverse and widespread, but they pay well. Their average growth rate is positive and these jobs will be in demand for a long period of time.
Jobs That Use Exponential Functions FAQ
Most jobs that use exponential functions require a bachelor’s degree and job experience. However, additional training is still relevant to become more competent in the job, especially if you are considering being a specialist. An advanced degree can help in this regard. The minimum level of education required is typically a bachelor’s degree.
The first step to getting a job that uses exponential functions is to look through the various job boards. After that, you can seek appropriate training and apply for entry-level jobs. Additional resources like career counselors can also aid job seekers.
It is up to you to decide when you are ready to go into any career. The good news is that most of the jobs in the field have great employment and wage projections for the next decade.
If you wish to pursue a career that uses exponential functions, the first thing to do is figure out your interests. Once you know what you are interested in, it will be easy to pick from the long list of best jobs available. However, if you are looking for the highest-paying job, you should consider a job as a physicist.
"Career Karma entered my life when I needed it most and quickly helped me match with a bootcamp. Two months after graduating, I found my dream job that aligned with my values and goals in life!"
Venus, Software Engineer at Rockbot
About us: Career Karma is a platform designed to help job seekers find, research, and connect with job training programs to advance their careers. Learn about the CK publication.
