In this salary guide, you will find out how much do Mathematicians make.
After reading this, you will be able to make a decision if working as a Mathematician will suit your financial goals (e.g: buying a home, BMW or just your target salary goal).
$105600 per year
$50.770 per hour
One of the most popular questions we get from our readers here at OwlGuru is how much do Mathematicians make per year and what is their hourly wage.
According to BLS, the average annual salary of Mathematicians is $105600. Their salary can also be as low as $54890 if you’re still a newbie with no experience to over $160310 if you have a ton of experience under your belt.
The typical hourly pay is $50.770 and can range from $26.390 to $77.070 which also depends if you’re a newbie or a professional.
Just like any other job, the salary of A Mathematician will vary based on your education and experience level.
# = Over $100 per hour or $200,000 per year.
We wanted to make it easy for our readers to compare the salary of A Mathematician to all the other careers out there. So we created Salary Rank.
This compares the salary of all careers and we give them a rank of A, B, C or D depending on how high or low is their average salary.
After comparing how much do Mathematicians make with other careers, they have a salary rank of A.
|Highest (Top 10%)||$77.070||$160310|
|Senior (Top 25%)||$62.370||$129730|
|Middle (Mid 50%)||$50.870||$105810|
|Junior (Bottom 25%)||$34.830||$72440|
|No experience (Bottom 10%)||$26.390||$54890|
Entry-level Mathematicians who starts out at $72440 can expect to make $105810 after 3-5 years of experience in the field.
The bottom 10% makes less than $26.390 per hour while the top 10% makes over $77.070 per hour.
While the median wage is $105810 per annum or $50.870 per hour.
Depending on who you work for, you might also get overtime pay.
# = Over $100 per hour or $200,000 per year.
Highest paying industries
|Industry name||Hourly wage||Annual salary|
|Computer Systems Design and Related Services||59.65||124070|
|Research and Development in the Physical, Engineering, and Life Sciences||57.77||120160|
|Scientific Research and Development Services||57.61||119830|
|Professional, Scientific, and Technical Services||54.61||113580|
|Architectural, Engineering, and Related Services||54.4||113160|
|Federal Executive Branch||52.19||108550|
|Federal government, including the US Postal Service||52.19||108550|
|All industries, private ownership only||52.09||108350|
|Federal, State, and Local Government||51.54||107190|
|Federal, State, and Local Government, excluding state and local schools and hospitals, and the US Postal Service||51.54||107190|
|Management of Companies and Enterprises||50.42||104880|
|Federal, state, and local government, including government owned schools and hospitals, and the US Postal Service||47.44||98680|
|Finance and Insurance||44.93||93440|
|Management, Scientific, and Technical Consulting Services||44.63||92840|
|Insurance Carriers and Related Activities||41.58||86490|
|Other Miscellaneous Manufacturing||40.08||83360|
|Educational Services, Privately owned||36.67||76280|
|Colleges, universities, and professional schools, Privately owned||36.67||76280|
|Colleges, Universities, and Professional Schools (including private, state, and local government schools)||34.56||71880|
|Educational Services (including private, state, and local government schools)||34.48||71720|
|Educational Services, State government owned||34.11||70950|
|Colleges, universities, and professional schools, State government owned||34.11||70950|
|State government, including schools and hospitals||33.86||70430|
Not all industries pay the same for Mathematicians.
One of the easiest way to increase your salary is to change industries and find a higher paying one.
Highest paying states
Another simple way to boost your pay as A Mathematician is to move to a higher paying state. However moving to a higher paying state like NJ doesn’t mean you will make more overall. This is because the expenses at NJ may be 2x higher than where you are currently living at right now.
According to the BLS, the highest paid / most successful Mathematicians are in the states of NJ, MD, DC, NM and CA. The average salary in NJ is $156970.
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They formulate and apply mathematical modeling and other optimizing methods to develop and interpret information that assists management with decision making, policy formulation, or other managerial functions. May collect and analyze data and develop decision support software, service, or products. May develop and supply optimal time, cost, or logistics networks for program evaluation, review, or implementation.
They develop and apply biostatistical theory and methods to the study of life sciences.
They observe, research, and interpret astronomical phenomena to increase basic knowledge or apply such information to practical problems.
They develop or apply mathematical or statistical theory and methods to collect, organize, interpret, and summarize numerical data to provide usable information. May specialize in fields such as bio-statistics, agricultural statistics, business statistics, or economic statistics. Includes mathematical and survey statisticians.
They conduct research, prepare reports, or formulate plans to address economic problems related to the production and distribution of goods and services or monetary and fiscal policy. May collect and process economic and statistical data using sampling techniques and econometric methods.
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