The highly competitive job market demands excellent skills in any domain you fancy. Especially, in an economy that depends heavily on data, people with great skills in math and engineering are bound to fare well. Browsing through the list of preferred occupations complied by some of the best job websites threw up several startling facts about math and engineering skills required for various jobs that are detailed below.
What does an Actuary actually do? Well, in addition to reading and interpreting complex statistical data, an actuary would keep track of probabilities and cases of death, terminal illness and accidents. He or she would also assess property loss due to theft or natural calamities. In addition to evaluating, managing, and advising on various types of financial risks, an Actuary is an expert in probability theory and statistics. Actuarial work often deals with insurance, pensions in the initial stages, and graduates to more complex banking, investment and healthcare domains. The average annual salary a qualified actuary can expect ranges from $49,726 to $129,446, with bonus and profit sharing thrown in as incentives, depending on the company.
The petroleum industry throws open several career options for bright young petroleum engineering professionals. With demand for energy increasing on a global level there is an increasing need for qualified and trained personnels to fill up positions falling vacant very often. A petroleum engineer is exposed to almost every stage of gas and oil extraction and production. A qualified petroleum engineer is skillful in deploying geophysical and geological methods to analyze subsurface areas to detect the presence of hydrocarbons. They are trained in the technical aspects involved in drilling for oil, and the subsequent extraction and processing of finished petroleum products. The average annual salary a petroleum engineer can expect is around $95,000.
A math graduate can become an operational forecaster, whose job is to analyze weather conditions and issue weather forecasts and alerts to the public. A research-oriented meteorologist would focus on specific studies dealing with drastic changes in climate and other severe weather conditions such as storms and hurricanes. There are several sectors like sea and air travel, shipping, fishing and sailing where the services of a meteorologist are required. Enterprising meteorologists can opt to join the media or large retail businesses or healthcare and insurance companies. A skilled meteorologist can take pride in doing his or her bit by undertaking studies relating to the impact weather has on the environment, and predict weather patterns and imminent changes in climate as well. The median salary a meteorologist commands is in the range of around $90,000 annually.
Image Credit: tulsakids
Fresh engineering graduates specializing in electrical engineering can opt for jobs relating to design, testing and production of electrical equipment. With excellent career prospects, they can expect to rise rapidly and build a career as electrical engineers. Although most electrical engineers are employed in engineering industries and other manufacturing and research oriented companies, most of them work out of an office, rather than the shop floor. Occasional site visits may be required, and they may have to work in shifts at times. The median annual salary that an electrical engineer is paid is around $60,000 to $65,000.
Image Credit: The George Washington University
Armed with a degree in materials engineering or science one can look out for openings in industries involved in the testing, developing and processing of materials that go into the manufacture of a wide range of products. A materials engineer often undertakes tasks in creation and development of new uses for materials. They are experts with specialization in metallurgy, plastic technology and ceramic technology. The job entails developing composite materials and finding new applications for the materials they help create. The average annual salary a materials engineer is paid is around $85,000.
A popular misconception is that all astronomers are qualified astrophysicists. The truth though is that even an accomplished mathematician can be a great astronomer and understand what makes the universe tick. Applying the principles of math and physics, an astronomer learns about the intricacies of the universe. In addition to collecting data about specific characteristics of stars, moons, planets and other celestial bodies, they delve into the origin and causes for occurrences of black holes, and present their findings in scientific papers. The work often involves watching the night sky, when the stars are more visible than during the day. An astronomer is paid around $95,000 as annual salary, which is the current average.
Image Credit: Bigislandnow
Budding engineers can opt for an exciting career in designing and building aircraft, missiles and satellites. With openings in analysis, manufacturing, research and development, and creating systems for national defense, a brilliant career awaits qualified aerospace engineers. Aerospace engineers often land with important task like developing control systems for fighter jets and are involved in the research and development of new durable materials that can be used in the construction of spacecraft. With extensive knowledge in aerodynamics, robotics and thermodynamics, their work entails production of defense equipment, helicopters, rockets and commercial aircraft. The average annual salary an aerospace engineer commands is in the range of $100,000 plus.
Image Credit: NASA
A math graduate can end up at a busy stock exchange, trading in stocks, shares and bonds and offering tips on options and calls to elite clients. One could also work with institutional clients and handle large complex transactions. In addition to handling portfolios of important high net-worth clients, stockbrokers take a keen interest in financial markets and like analyzing a lot of related data. A stockbroker also needs to constantly monitor his or her clients’ investments and send periodic reports. Portfolios are shuffled and updated with the clients’ approval in order to ensure that the clients get maximum returns on investments with minimum risk. This enviable job commands an annual salary in the range of $70,000 to $75,000 per year.
Of the several job options an engineering or math graduate has, the ones described above are probably the most sought after. In addition to the above, there are several openings in the field of economics, and jobs related to accounts, and statistics. These jobs are ranked based on various parameters such as pay, work related stress, interaction with public, work environment, and the resilience and stamina required to handle such jobs.