Mathematics, which is often called the queen of science, happens to be one of the most sought-after degrees in the world due to its great job flexibility. If you combine it with something that goes well with it, like economics or statistics, then your career opportunities and salaries are most likely to jump up a bit.
Wanna know how much salary a math graduate could get in the UK? Let’s check out the top 10 highest paying jobs for maths graduates in the UK, including their key responsibilities, skills required, salary range, and the best industry for them.
So, without any more chit-chat, let’s delve into it.
Highest paying jobs for maths graduates in the UK
One thing you must know is that a math degree doesn’t shower you with money. What matters is the field that you get into with math. Below is the list of the top 10 jobs for math graduates in the UK that pay really well.
| Job title | Annual salary in the UK |
| Actuary | £25,000 to £200,000 |
| Financial Analyst | £42,109 to £731,250 |
| Data Scientist | £32,000 to £100,000 |
| Quantitative Analyst | £65,000 to £130,000 |
| Mathematician | £30,000 to £93,000 |
| Investment Banker | £30,000 to £165,000 |
| Economist | £35,000 to £75,000 |
| Statistician | £37,000 to £71,000 |
| Financial planner | £33,000 to £200,000 |
| Accountant | £40,000 to £134,000 |
Actuary
Actuaries use mathematics, statistics, and financial theory to figure out uncertain future events. They play a great role in insurance companies, pension plans, and many industries.
Key responsibilities:
- Identify financial risks
- Predict future outcomes
- Advice the company on risk management
- Provide financial data for management
Skills required:
- Mathematics
- Analytical Thinking
- Software Proficiency
- Communication
Best industries for Actuaries:
- Insurance companies
- Pension and Retirement Plans
- Finance sectors
- Government
Salary: £25,000 to £200,000 per year
Financial Analyst
A financial analyst evaluates the financial data of a company and provides valuable insight that helps in certain decision-making. They study financial performance, market trends, economic conditions, and other financial metrics.
Key Responsibilities:
- Prepare financial reports
- Help in budgets and forecasting
- Tracking key performance indicators (KPIs)
- Evaluate potential investments
Skills Required:
- Financial Knowledge
- Attention to Detail
- Problem-Solving
- Proficiency in Financial Tools
Best industries for financial analysts:
- Investment Banking
- Insurance companies
- Government and nonprofit organisations
- Consultancy firms
Salary: £42,109 to £731,250 per year
Data Scientist
A data scientist uses data analysis, statistics, and many other things to gather insights from data and help organisations make better decisions based on the insights. They analyse large volumes of data and identify patterns that help companies solve various problems.
Key Responsibilities:
- Data Collection
- Data Interpretation
- Huge Data Management
- Machine Learning
Skills Required:
- Statistics and Mathematics
- Programming
- Problem-Solving
- Data Visualisation
Best industries for data scientists:
- Tech Industry
- Healthcare
- Finance industries
- Retail and E-commerce platforms
Salary: £32,000 to £100,000 per year
Quantitative Analyst
A quantitative analyst (Quant) uses advanced mathematical tools and statistics to analyse and solve critical financial and risk-related problems. They are like financial pros who create financial models that help companies make financial decisions.
Key Responsibilities:
- Financial Modelling
- Portfolio Management
- Market Analysis
- Simulation and Forecasting
Skills Required:
- Mathematics and Statistics
- Financial Knowledge
- Attention to Detail
- Computational Tools
Best industries for quantitative analysts:
- Investment Banks
- Hedge Funds
- Trading Firms
- Asset Management Firms
Salary: £65,000 to £130,000 per year
Mathematician
A mathematician is an expert who studies mathematics and applies it to solve problems in various fields. They use mathematical theory, algorithms, and computational techniques to solve problems in many fields like business, engineering, science, and more.
Key Responsibilities:
- Develop Research and Theory
- Teaching and Mentoring
- Engage in theoretical research
- Solve practical problems
Skills Required:
- Analytical Thinking
- Abstract Reasoning
- Problem-Solving
- Familiarity with mathematical software
Best industries for mathematicians:
- Academia and Research
- Government and Policy
- Finance sectors
- Tech industries
Salary: £30,000 to £93,000 per year
Investment Banker
An investment banker is a financial advisor who helps companies raise money and provides valuable financial insights. Their prime role is to look after their financial problems and help clients raise capital by issuing securities like stocks and bonds.
Key Responsibilities:
- Advise clients on Mergers and Acquisitions (M&A)
- Help companies raise capital
- Reorganise their financial structures
- Manage financial risks
Skills Required:
- Analytical Skills
- Communication
- Work Ethic
- Time Management
Best industries for investment bankers:
- Banks
- Real Estate
- Energy and Natural sector
- Private Equity and Venture Capital
Salary: £30,000 to £165,000 per year
Economist
An economist analyses how societies allocate resources, produce goods, and distribute wealth. They use data and statistics to understand economic systems and provide insights on various economic issues. Their role also includes predicting future economic events.
Key Responsibilities:
- Do research on various economic issues
- Predict future economic trends
- Collect and analyse data
- Give feedback on economic policy
Skills Required:
- Statistical Proficiency
- Research Skills
- Problem-Solving
- Analytical Skills
Best industries for economists:
- Manufacturing and Industrial Sectors
- Financial companies
- Government
- Consulting
Salary: £35,000 to £75,000 per year
Statistician
A statistician collects, organises, interprets numerical data, and provides valuable information. They use mathematical theories, statistical methods, and computational tools to gather insights from data that help companies in decision-making.
Key Responsibilities:
- Collect data efficiently
- Forecast future events
- Offer financial advice
- Data cleaning
Skills Required:
- Proficiency in statistical software
- Statistical Knowledge
- Problem-solving skills
- Time Management
Best industries for statisticians:
- Finance and Insurance
- Retail and E-commerce
- Government and Public Policy
- Healthcare and Pharmaceuticals
Salary: £37,000 to £71,000 per year
Financial planner
A financial planner helps clients manage their finances and achieve their financial goals. They analyse clients' current financial situations and advise them on investments, retirement planning, and tax strategies. Based on these, they create a financial plan for them. In short, they’ll help you in everything where money is involved.
Key Responsibilities:
- Understand financial situation and goals
- Create an effective financial plan
- Advise clients on financial issues
- Help clients minimise their tax
Skills Required:
- Financial Knowledge
- Certifications and Licenses
- Attention to Detail
- Ethics and Integrity
Best industries for financial planners:
- Private Banks and Wealth Management Firms
- Accounting and Tax Services
- Wealthy individual
- Financial Planning Firms
Salary: £33,000 to £200,000 per year
Accountant
An accountant manages and analyses financial records for specific organisations and ensures that the financial statements are accurate and comply with laws and regulations. They analyse financial data, make reports, and give advice to help companies make financial decisions.
Key Responsibilities:
- Record all financial transactions
- Prepare Financial Statements
- Provide financial insights
- Ensure accuracy
Skills Required:
- Knowledge of accounting principles (GAAP)
- Ability to identify financial issues
- Expertise in accounting software
- Ethics and Integrity
Best industries for accountants:
- Public Accounting Firms
- Financial Services and Banking
- Government
- MNC
Salary: £40,000 to £134,000 per year
Farewell note
It looks like we’ve almost hit the edge. One of the perks of pursuing a degree in mathematics is that with this degree, you would fit in almost everywhere, and the money is great as well.
Well, that about sums it up. We hope that this blog about the highest paying jobs for maths graduates in the UK was of immense help to you, and we wish you nothing less than the best in your future endeavours. Good luck!
Studying in the UK is more than a dream for countless students, but it often comes with many difficulties, and that’s where AHZ steps in. We offer complete free service and support 24/7. All you have to do is make the first move towards an amazing life.
Frequently Asked Questions
- Are maths graduates in demand in the UK?
Math graduates are in high demand in various industries in the UK. Math offers great flexibility, and therefore, they can fit in almost everywhere. Their skills are highly valuable in today’s job market.
- How much do maths graduates make in the UK?
A math graduate can make from £33,000 to £200,000 a year, depending on experience, location, and industry.
- What are the top 10 highest paying jobs for maths graduates in the UK?
The top 10 highest paying jobs for maths graduates in the UK are given below:
- Actuary
- Financial Analyst
- Data Scientist
- Quantitative Analyst
- Mathematician
- Investment Banker
- Economist
- Statistician
- Financial planner
- Accountant
- What are the Top 5 math careers and salaries?
The top 5 math careers with their salaries are mentioned below:
- Financial analyst (From £42,109 to £731,250 a year)
- Actuary (From £25,000 to £200,000 a year)
- Financial planner (From £33,000 to £200,000 a year)
- Investment banker (From £30,000 to £165,000 a year)
- Accountant (From £40,000 to £134,000 a year)
- What is the highest paying maths job in the UK?
A financial analyst is among the highest paying maths jobs in the UK, with a salary range from £42,109 to £731,250 a year, depending on the location and industry. Other jobs include actuary, investment banker, accountant, and financial planner.
- What is the salary for a mathematics degree in the UK?
A person who has a degree in mathematics can earn from £25,000 to £200,000 a year in the UK. The salary varies by experience, location, and industry.
- What is the salary of an actuary in the UK?
Depending on the experience, location, and experience, an actuary can earn from £25,000 to £200,000 a year in the UK.
- Which job has the highest salary in maths?
A financial analyst draws the highest salary in math, with a range of from £42,109 to £731,250 a year. The salary depends on the experience, location, and industry.