by our College Data Analytics TeamIn 2020-2021, financial mathematics was the 153rd most popular major nationwide with 4,612 degrees awarded. This represents a 4.1% increase in financial math degrees awarded over the prior year's total of 4,421.
Our 2023 Best Financial Mathematics Schools ranking analyzes 55 of these schools to determine the best overall colleges for financial mathematics students. Explore this or one of our many other custom financial math rankings further below.
Learn about start dates, transferring credits, availability of financial aid, and more by contacting the universities below.
If you have a knack for mathematics and an interest in learning more, study online to achieve your career goals at Southern New Hampshire University. Our mathematics degree can help you enhance your mathematical abilities, including reasoning and problem-solving in three areas: analysis, algebra and statistics.
BA in Mathematics - Applied Mathematics
Put mathematical concepts to work to solve today's most complex real-world problems by studying applied mathematics with this specialized online bachelor's from Southern New Hampshire University.
A major in financial math prepares you for careers in which understanding written sentences and paragraphs in work related documents is crucial. Required skills include using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems and using mathematics to solve problems.
A high school diploma or equivalent is typically required for most financial math degree programs and many students will need a minimum GPA and SAT/ACT score depending on the school. Specific financial math careers may require a certain level of degree attainment or additional certifications beyond that.
Financial Math degree levels vary. You can spend many years getting as high as a in financial mathematics to something that takes less time like a . Financial Mathematics programs can take anywhere between one to four or more years for a full-time student to complete.
| Degree | Credit Requirements | Typical Program Length |
|---|---|---|
| Associate Degree | 60-70 credits | 2 years |
| Bachelor’s Degree | 120 credits | 4 years |
| Master’s Degree | 50-70 credits | 1-3 years |
| Doctorate | Program required coursework including thesis or dissertation | At least 4 years |
A bachelor's degree is the most common level of education achieved by those in careers related to financial math, with approximately 33.0% of workers getting one. See the the most common levels of education for financial math workers below.
| Level of Education | Percentage of Workers |
|---|---|
| Master’s Degree | 31.9% |
| Bachelor’s Degree | 30.4% |
| Doctoral Degree | 26.9% |
| Post-Baccalaureate Certificate | 4.9% |
| Post-Doctoral Training | 3.1% |
About 60.8% of workers in careers related to financial math obtain at least master's degrees. See the chart below for the most common degree level workers in financial mathematics have received.
The education level required is different depending on the financial math career you are seeking.
Want a job when you graduate with your financial math degree? Financial Mathematics careers are expected to grow 10.2% between 2016 and 2026.
The following options are some of the most in-demand careers related to financial mathematics.
| Occupation Name | Projected Jobs | Expected Growth |
|---|---|---|
| Financial Analysts | 328,200 | 10.8% |
| Financial Specialists | 149,000 | 9.6% |
| Mathematical Science Professors | 66,600 | 9.4% |
| Natural Sciences Managers | 62,300 | 9.9% |
| Economists | 22,600 | 6.1% |
As you might expect, salaries for financial math graduates vary depending on the level of education that was acquired.
Salaries for financial mathematics graduates can vary widely by the occupation you choose as well. The following table shows the top highest paying careers financial math grads often go into.
| Occupation Name | Median Average Salary |
|---|---|
| Natural Sciences Managers | $139,680 |
| Economists | $116,020 |
| Mathematicians | $104,870 |
| Financial Analysts | $100,990 |
| Mathematical Science Professors | $87,140 |
With over 158 different financial math degree programs to choose from, finding the best fit for you can be a challenge. Fortunately you have come to the right place. We have analyzed all of these schools to come up with hundreds of unbiased financial math school rankings to help you with this.
Learn about other programs related to Financial Mathematics that might interest you.
Financial Mathematics is one of 5 different types of Applied Mathematics programs to choose from.
| Related Major | Annual Graduates |
|---|---|
| General Applied Mathematics | 4,667 |
| Computational & Applied Mathematics | 1,164 |
| Computational Mathematics | 383 |
| Other Applied Mathematics | 250 |
| Mathematical Biology | 31 |
Image Credit: By Steven G. Johnson under License More about our data sources and methodologies.
