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Saturday, September 20, 2014

Love Math? Then Try These Careers.

4:05 AM

Math and science students are in demand across a variety of industries as well as in academia. If your degree is in mathematics or you have a strong understanding of all things math, your career prospects are good. The following are among the jobs where you will be called on to demonstrate your knowledge.

Stockbroker

As a stockbroker, you will be tasked with buying and selling stocks, bond and securities on the New York Stock Exchange, NASDAQ, and other exchanges. A lot of money will change hands and you will need to know what you are doing.

You will be required to record transactions accurately, develop financial plans, relay, buy or sell orders, review financial periodicals and complete sales orders. You will be working with a variety of mobile, tablet and personal computer devices and will need to make complex decisions fast.

Tax Collector

Also known as a tax examiner, a tax collector ensures that revenue is collected for a particular taxing authority on the local, county, state or federal level. You will be required to determine tax liability from individuals as well as businesses.

Tax collectors maintain records for each case and send notices to taxpayers when they are delinquent. These professionals also calculate fines and interest rates, as applicable. Collectors also may develop a payment plan based on the amount owed, the interest rate charged and the number of payments due.

Statistician

If you like to apply mathematical or statistical theory to all that you do, then a position as a statistician may be right for you. Here, you will work with data trends, statistical analysis, problem-solving and data collection.

Statisticians also evaluate statistical methods and procedures, process large amounts of data and develop and test experimental designs. They may must excel in mathematical, deductive and inductive reasoning and work well with people. Importantly, statisticians must take complex information and break it down for general consumption.

Financial Planner

As a financial planner, you have your clients’ assets in your care. Financial planners must have knowledge of the tax code and be adept at employing financial strategies to help their clients maximize their wealth.

Financial planners work with clients individually to determine their annual income, expenses, insurance coverage, financial objectives, tax status and gauge their risk tolerance. Planners develop and implement investment strategies using spreadsheet, financial analysis and document management software.

Actuary

Work as an actuary and you will always have numbers swimming in your head. Actuaries analyze statistical data, particularly in relationship to mortality to determine risk, liability and future risk. An actuary may work with insurance rates and cash reserves to ensure that future benefits are covered.

Actuaries work with all the tools of the trade, including 10-key calculators, personal computers, analytical software, financial analysis software and databases. They’re particularly adept at economics, accounting and administration.

Career Considerations

Other careers that require mathematics knowledge include: economist, insurance underwriter, accountant and meteorologist. Not to be left out are math teachers and tutors, individuals who work diligently to build the next generation of math pros notes Mathnasium .

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