How Much Do Applied Mathematicians Make in 2021

How Much Money Does a Applied Mathematician Make? Applied Mathematicians: Key Features, The Work, Yearly Salary (2021), Prospects 

What do applied mathematicians do?

Applied Mathematicians work in one of the oldest and most basic sciences. Applied Mathematicians today are engaged in a wide variety of activities, ranging from the creation of new theories to the translation of scientific and managerial problems into mathematical terms. Mathematical work falls into two broad classes: theoretical (pure) mathematics: and applied mathematics. These classes, however, are not sharply defined. 

How to become an applied mathematician?

A career as a mathematician is not for everyone and career changers who do not already have a strong educational background in mathematics probably should consider other career options. A Ph.D. in mathematics is usually required for those who enter college teaching or research work, the areas where most mathematicians are employed. However, those who hold bachelor’s degrees in mathematics, will probably find good opportunities in related fields where applied mathematics is important (computer science, systems analysis). 

Applied Mathematician Salary in 2021

The employment outlook for mathematicians is not especially bright. Since most mathematicians are teachers, declining college enrollments in recent years have made finding employment opportunities more difficult. Applied Mathematicians who hold a Ph.D. degree will probably have the best opportunities. Overall income advancement for those with Ph.D.s is high. Minimum starting salary for mathematicians (with a bachelor's) in the federal government is $85,000 a year and salaries of experienced professionals range up to $145,000 a year and more. 

The average salary for a Applied Mathematician in 2021

Annual Salary $126,400
Monthly Salary  $10,500
Weekly Salary $2,650
Hourly Salary  $62

Applied Mathematics Requirements

Entry Requirements in Prior Experience: 

Graduate students in mathematics often get helpful background experience by working as assistants in mathematical research or as graduate teaching assistants. This experience is not necessarily required and cannot substitute for the advanced degrees usually needed to enter the field. 

Entry Requirements in Personal Qualities: 

In general, mathematicians need the ability to work well with abstract concepts, a good reasoning ability, persistence, and a facility for applying basic concepts to new types of problems. A strong interest in mathematics and high intelligence are needed to complete the rigorous education requirements in this field. 

Applied Mathematicians should have a good knowledge of computer programming, since most complex mathematical computation is done by computer. Mathematicians must be able to communicate well because they often need to discuss problems to be solved with nonmathematicians. 

What is Applied Mathematics?


Entry Requirements in Training and Education: 

A Ph.D. is required for most jobs for mathematicians in college teaching and in research. A master’s degree is accepted for teaching in most high schools, community colleges and technical institutes, and a bachelor’s degree in mathematics is sufficient for many jobs in related areas, such as computer science and market research.

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