Applied Math- Job prospects

<p>What job prospects are available to someone with an Applied Mathematics degree? Do classes actually teach you to apply the math you learn unreal world scenarios (engineering, physics, etc)? Or are you constantly just learning new levels of math?</p>

<p>Also, I've heard of Applied Math majors being able to go to grad school for Physics or CS. But even then, what jobs are available with a Masters in Physics?</p>

<p>Applied math majors would want to take substantial numbers of courses in the other subject if they want to go to a PhD program in that other subject. An exception may be economics, where just the intermediate micro/macro economics and econometrics course, along with substantial math and statistics courses, would be sufficient prerequisite for PhD study.</p>

<p>At the bachelor’s degree level, it appears that finance and computers are common job destinations for applied math majors. Of course, electives in those areas would help.</p>

<p>Math and physics as well as other science degrees are not really “job degrees” in the sense that they are not about knowledge applied to a particular job (= applied science), but about the sciences and their concepts. The purpose of studying science for the individual is to grasp the current and previous scientific content of the science in question and to form an understanding about what it’s about, how/why it’s come to existence and how it can be developed (or as well applied). When you finish a science degree, you’ve been left with a lot of knowledge about the subject area, but that point is when you start to think, what you’d actually like to do with that, given what you now understand.</p>

<p>Therefore, I’d like to say that the job prospects are up to you. Figure out what you can and want do and do that. You’ll (or should) understand what you can do, because you know what you know and what everyone else who’s versed in science knows.</p>

<p>Math is probably the degree that makes jumping to other disciplines the easiest, even though other disciplines use different terminology for the concepts and they have knowledge that’s been verified by experimentation, rather than pure theory or logic. While you’ll lack the field specific knowledge, almost everything having to do with science boils down to math at the technical/explanatory level. So by understanding math well, you can connect the dots behind the concepts and expand to understanding the concepts themselves. This works in e.g. physics, where all the theory is expressed in mathematics, although the actual knowledge is based on experimentation.</p>

<p>Applied math may draw examples from real world to motivate its students (that’s why it’s called applied math), but what it really should be about is the math, not specific applications. Although applied math specifically includes the subareas of math that have known applications and leaves out pure mathematics areas, which have no known applications. Comparatively, by studying pure math you’re not necessary learning anything particular about math’s applications, because it’s assumed to “be there”. I.e. you should understand that what you’re actually studying, IS or MAY BE applicable, but it’s not made explicit, because it’s somewhat irrelevant in mathematics, which by definition is abstract study of concepts (but not their applications, which however can be drawn from the abstract concepts however the individual wishes to draw them or see them, and that’s the beauty of mathematics).</p>

<p>I know Applied Math and CS are common, but could an Applied Math major with a concentration in Statistics and Operations be marketable to investment banks as an analyst, or something of that nature?</p>

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<p>@Nick0726
“I know Applied Math and CS are common, but could an Applied Math major with a concentration in Statistics and Operations be marketable to investment banks as an analyst, or something of that nature?”</p>

<p>Wherever there’s quantitative, logical or abstracted information, someone with a quantitative and logical major, especially the purest one (mathematics), should be able to adapt to the information. You won’t have any understanding of market analysis etc. specific information that’s used in the subject area, but those can always be learned, or it may be irrelevant, if it’s deducible from the quantitative information that you’re dealing with.</p>