Home Majors Applied Mathematics
Academic Field / Mathematics

Applied Mathematics

Students study mathematical methods used to solve real-world problems in science, engineering, finance, and technology, including differential equations, optimization, and numerical analysis. Graduates typically pursue careers as data scientists, quantitative analysts, operations researchers, and mathematical modelers in finance, tech, defense, and consulting. Applied mathematicians command premium salaries in quantitative finance and technology sectors.

Schools
44
Programs analyzed
Earnings
$62,641
Avg 1-yr grad earnings
Range $27,626–$114,279
AI Risk
Very High
60% task exposure
Field Overview

What Applied Mathematics graduates do

Your degree in applied mathematics makes you a professional problem-solver for complex systems. As a data scientist, you won't just analyze data; you'll build the predictive models that power business decisions, spending your days cleaning messy datasets and translating your findings for executives. In finance, you might work as an analyst, living in spreadsheets to model a company's future earnings and advise on major trades. Or, as an actuary, you’ll use statistical models to calculate the financial cost of risk for insurance companies, essentially predicting the future to set policy prices.

Initially, you’ll focus on executing these analyses. As you advance, your role shifts to designing the strategy, managing projects, and making the final judgment calls. Paths like data science and actuarial science are growing exceptionally fast, offering quicker advancement than more traditional, slower-growing roles in the field.

AI will be your powerful but disruptive coworker. In high-exposure roles like data science, AI handles many routine modeling tasks, shifting your value toward designing complex systems and critically evaluating automated outputs. For most other paths, AI will automate significant chunks of analysis, freeing you to focus on strategy and communicating insights. Your career won't be about running the numbers, but knowing which numbers to run and what they truly mean.

Closely-related majors include Statistics and Mathematics & Statistics, which share overlapping career paths and skill sets.

Career Trajectories

Where Applied Mathematics graduates work

Common career paths for Applied Mathematics graduates, with median salaries, projected growth, and AI exposure per role. Roughly 87,000 combined openings per year across these roles.

Role Median Pay Annual Openings 10-yr Growth AI Exposure
Natural sciences managers
$161,180
$114K–$215K
8,500 +3.7% High · 50%
Actuaries
$125,770
$91K–$165K
2,400 +21.8% High · 50%
Mathematicians
$121,680
$86K–$153K
100 -0.7% Very High · 100%
Economists
$115,440
$82K–$166K
900 +1.2% High · 61%
Data scientists
$112,590
$83K–$156K
23,400 +33.5% High · 64%
Financial risk specialists
$106,000
$80K–$145K
4,800 +6.5% High · 53%
Statisticians
$103,300
$79K–$138K
2,000 +8.5% High · 66%
Financial and investment analysts
$101,350
$78K–$132K
25,100 +5.7% Moderate · 46%
Biological scientists, all other
$93,330
$68K–$121K
4,800 +1.2% Moderate · 49%
Financial specialists, all other
$80,190
$60K–$109K
10,300 +3.1% Moderate · 48%
Mathematical science teachers, postsecondary
$79,350
$61K–$106K
4,400 +2.3% High · 54%
Mathematical science occupations, all other
$71,490
$52K–$102K
300 +4.0% Very High · 87%
Source: BLS Occupational Employment & Wage Statistics, May 2024. Salary range shows 25th–median–75th percentile (national).
Top Institutions

Best schools for Applied Mathematics

Schools ranked by DegreeOutlook Score (earnings × AI resilience × ROI × job-market size). Top 10 of 44.

Rank #1 · DegreeOutlook Score 78
University of North Carolina at Chapel Hill
Chapel Hill, NC · Public
$75,105 1-yr earnings
31.8x ROI multiple
Very High AI risk
# School DW Score 1-yr Earnings ROI
5 University of California-Los Angeles
Los Angeles, CA · Public
72 $61,188 16.4x
6 Texas A & M University-College Station
College Station, TX · Public
71 $57,787 16.7x
7 Harvard University
Cambridge, MA · Private nonprofit
70 $114,279 6.5x
8 University of Pittsburgh-Bradford
Bradford, PA · Public
69 $58,358 14.4x
9 University of Pittsburgh-Greensburg
Greensburg, PA · Public
69 $58,358 14.4x
10 University of California-Davis
Davis, CA · Public
69 $53,940 14.6x
11 Brown University
Providence, RI · Private nonprofit
68 $99,193 4.0x
12 University of South Carolina Aiken
Aiken, SC · Public
68 $59,965 16.0x
13 Arizona State University Campus Immersion
Tempe, AZ · Public
68 $55,173 15.7x
14 Stony Brook University
Stony Brook, NY · Public
66 $44,972 20.3x
15 University of Pittsburgh-Pittsburgh Campus
Pittsburgh, PA · Public
65 $58,358 9.5x
16 Texas State University
San Marcos, TX · Public
65 $49,822 15.1x
17 Ohio State University-Main Campus
Columbus, OH · Public
64 $82,523 15.0x
18 Virginia Polytechnic Institute and State University
Blacksburg, VA · Public
62 $82,275 12.3x
19 Robert Morris University
Moon Township, PA · Private nonprofit
62 $62,328 5.3x
20 Colorado School of Mines
Golden, CO · Public
62 $50,398 9.6x
How do Applied Mathematics programs stack up? See 44 schools ranked by earnings and value →

Related majors

Similar fields of study often offered alongside Applied Mathematics.

FAQ

Frequently asked about Applied Mathematics

How much do Applied Mathematics graduates earn?

First-year earnings for Applied Mathematics graduates average $62,641 annually, based on data from 44 programs. The range spans $27,626 at the low end to $114,279 at the top.

How exposed is Applied Mathematics to AI disruption?

AI exposure for Applied Mathematics is rated "Very High." With 60% of tasks potentially affected by large language models, most career functions face meaningful automation pressure in the coming decade.

What's the top-ranked school for Applied Mathematics?

Based on our DegreeOutlook Score (combining earnings, AI resilience, job market size, and ROI), University of North Carolina at Chapel Hill ranks #1 for Applied Mathematics with a score of 78/100 and graduate earnings of $75,105/yr.

What's the ROI on a Applied Mathematics degree?

Typical graduates earn 11.7 times what they paid in tuition within a decade. This is a strong return on investment. Look at per-school ROI in the table above — averages can mask significant variation.