Mathematical Sciences

Mathematics is one of the oldest and most fundamental sciences. Mathematics is the science of quantitative relationships using numbers and symbols. Mathematicians use mathematical theory, computational techniques, algorithms and the latest computer technology to solve economic, scientific, engineering, physics and business problems. Mathematics is usually referred to as pure (theoretical and abstract) or applied (practical problem solving).  Mathematics includes the following specialty areas:   algebra, geometry, trigonometry, calculus, probability, and statistics.

Actuarial science deals with the analysis of financial consequences of risk.  Actuaries are highly trained professionals who are well versed in mathematical, statistical and economic techniques that enable them to evaluate financial risk of uncertain future events, especially those pertaining to health care, insurance and pension plans. 

Learn more about our undergraduate degree programs.

Qualities and Skills of a Mathematician

  • Analytic, Logical
  • Communication and Quantitative Skills (PUL*)
  • Critical Thinking and Problem Solving (PUL*)
  • Inquisitive
  • Observational and Investigative Skills
  • Professional Values and Ethics (PUL*)
  • Understanding of Relationships and Interactions

*PUL = Principles of Undergraduate Learning define a set of abilities and skills that undergraduate students are expected to master. They reflect the expertise that graduate and professional schools and the workforce are seeking.

Why Study Mathematics?

The college graduate with a bachelor’s degree in mathematics can qualify for a broad range of highly paid positions in business, government and secondary education.  Banks, insurance companies, oil companies and companies in the computer and communication industries employ many mathematicians, as do almost every bureau and branch of the federal government.  A bachelor’s degree in mathematics can also lead to graduate study in mathematics or in a variety of other fields such as economics, computer science, medicine, engineering, business and law.

What Can You Do with a Degree in Mathematics?

Here's what our 2014 graduates are doing with their degrees:

  • Analyst for Cummins, Inc (MS)
  • Application Support Analyst for Single Point, Inc. (BS)
  • Associate Actuary Analyst for United Healthcare (BS)
  • Compliance Analyst for Distribution Management Associates (BS)
  • Engineering Assistant for CMD Corporation (BS)
  • Lead Biostatistician for Biogen Idec (PhD)
  • Mathematics Teacher for Pike Township (BS)
  • Processing Specialist for Nyhart (BS)
  • Professor for Lewis University (PhD)
  • Project Statistician for Eli Lilly (Phd)
  • Software Developer for Axia Technology Partners (BS)
  • Teacher for Cardinal Ritter High School (Math Teaching BS)
  • Teacher for Clark-Pleasant Schools (MS)
  • Tech Services Representative for Helmer Scientific (BS)

26% of our 2014 graduates went on to graduate school and are currently enrolled in the following programs:

  • Biostatistics at Indiana University (PhD)
  • Biostatistics at IUPUI (PhD)
  • Ecology at Indiana University (PhD)
  • Mathematics at Texas State University (PhD)
  • Math Education at IUPUI (MS)
  • Mathematics at IUPUI (MS)
  • Computer Science at IUPUI (PhD)
  • ASL/EIP Certification at IUPUI (Certificate)
  • Accounting at IUPUI (MS)

Where Do Mathematics Majors Find Jobs?

  • Banks and Financial Firms
  • Colleges and universities
  • Consulting Firms
  • Government agencies (Defense, Labor, Agriculture, Justice, Health and Human Services, Transportation, Commerce, Treasury, NASA, Library of Congress)
  • High Schools
  • Industry (manufacturing, transportation, aerospace, communications, machinery, electrical equipment, pharmaceuticals, other private industries)
  • Insurance Agencies
  • Law and Health Professions
  • Military
  • Private Research Institutions
  • Publishing companies including scientific journals, magazines, textbooks
  • Security Agencies

Actuarial Science: Actuaries find employment with insurance companies, government, hospitals, banks and accounting firms.  This concentration aims to prepare students for the first three actuarial examinations administered by the professional actuarial organizations.

Applied Mathematics:  Students with training in applied mathematics are employed in business, industry and government.  This option is also good preparation for graduate study in fields closely related to mathematics such as computer science, statistics and engineering.

Pure Mathematics: Students will be well prepared for a variety of careers in the mathematical sciences as well as for graduate work in mathematics.  Pure math students succeed in computer science, economics, law, engineering, medicine and business.

Mathematics Education: Students will be prepared to become secondary education (middle school and high school) and other careers related as well as prepared for M.S. Mathematics with concentration in Mathematics Education.

Employers of IUPUI Math Graduates

  • Anthem
  • Conseco
  • National Security Agency
  • Roche Diagnostics
  • Rolls Royce

Occupational Outlook + Average Salary

Employment for mathematicians is expected to grow much faster than the average compared to all other occupations for the 2008-2018 decade, however, keen competition for jobs is expected. Employment of mathematicians is projected to increase by 22% partly due to advancement in technology.

Salaries earned by mathematicians are dependent on degree level and whether they are employed by industry, government, or academia.  According to the most recent data from the United States Bureau of Labor Statistics, the median annual wages for mathematicians was $95,150.

Employment of actuaries is expected to grow by 27 percent between 2010 and 2020. Students with internship experience who have passed at least one actuarial exam while in school should have the best prospects for entry-level positions. The 2010 median pay for actuaries was $87,650 per year.

(2010-2011 Occupational Outlook Handbook, Bureau of Labor Statistics)