First off, I have no interest in being a mathematician. Math was always and continues to be quite difficult for me.
So, as an outsider to advanced math, it blows my mind that there are people who’s entire job title is mathematician. How does that work? What does a mathematician do?
Finance, there’s a whole lot of arcane statistics underlying risk management.
Tech, the bleeding edge of computer science is really just applied math.
I’m pretty sure your job title isn’t “Mathematician” though. You’re a “risk analyst” or “quantitative analyst” or something. You’re also not doing pure math, you’re using somewhat advanced applied mathematical processes to model financial information. Just like how a rocket engineer isn’t a physicist but may have a background in physics.
some of them, especially in cryptography, are definitely just straight up mathematicians
So the 6’ 4" guy in finance is just a tall math whiz?
You work somewhere that can afford to pay you. Physics labs helping research. Universities doing theoretical work. Or you teach.
Those are pretty much it.
Im an electrician so dont expect more insight from me
You get picked up as a pet project by the Financial Engineering Professor at your college who teaches you a lot of statistical wizardry and sthochastic calculus and grooms you to become his newest and greatest quant he can brag to his Wallstreet buddies about. They have already seen your projects with the professor, the interview is pomp.
You make 2M your first year and are making well over 10M by your fifth year. You work 80+ hours a week, making some other people very, very rich. After a decade you are very burnt out and wondered why you ever wanted to do this in the first place. You quit your ridiculously high paying job at your hedge or whatever fund and move to upstate NY to get your teaching credentials and then go teach maths to high school students who will ask “when will this ever be useful” and you smile in your quietude over the whifs of the coffee in your thermos as the students finish the pop quiz of the day.
That’s what mathematicians do in my experience.
congrats on being rich af
I feel like Vince Gilligan wrote this
I had a math teacher once tell a joke:
What’s the difference between a mathematician and a large pizza?
A large pizza can feed a family of 4.
Although he was a teacher, so he was making alright money I think. But he also looked like Billy Corgan and was a ninja (well at least some degree of black belt).
Ah, professor Seldon. I’ve heard of him
Maths is the cornerstone of engineering and science. It’s probably one of the most versatile skills. Add physics and you have a control/electrical engineer. Add computer science and you have a programmer. Add economics and you have an equity trader. Maths alone has huge scope in research.
Earning my ways with programming almost anything on anything for 40 years, let me tell you that a) I’ve never needed anything I learned in my universities math courses, and b) mathematicians make horrible programmers because they might know the theory, but often lack on the real programming side.
I call bullshit.
If you were coding in the 80’s i have hard time beliving you did not use math in Pascal or COBOL. And i remember needing lots of math with anything 3d in 2000
Also you cant state all mathematicians make horrible programmers because they often lack the “real programming side”. Its not a boolean. They might be bad coders because they are bad at coding, not because they are mathematics. Its like saying all painters are bad writers. Both coding and math have a lot of overlapping qualitities and people who understand other have easier time learning other, but it does not mean they are inherently good or bad in the other one.
I’ve never needed anything I learned in my universities math courses
You’ve been inverting matrices left and right. You just didn’t realise.
That’s not university level.
It is.
Inverting a matrix is undergraduate level, particularly the advanced algorithms.
Also the reasons why you need to invert a matrix are taught at university, not high school.
Tell this to my math teacher. On the other hand, school here is a bit tougher than in the US.
Well, if you are already doing LU decomposition then I’m impressed.
I suppose it depends what the program is for. If it’s UX then probably not a lot of use to know advanced maths. I was thinking about the process of creating mathematical models of physical systems and embedding them in an ECU or creating encryption schemes or deriving models from large datasets. Maths trains us to think logically. Computers are fundamentally logical and must strictly obey mathematical rules if we want answers.
Data analysis, data science, teaching, statistician, coding, finance and stocks
Well basically, people pay you to do math.
Hope that helpedActuaries make a good living using mathematics for risk analysis.
Actuary? This is a job title I haven’t learned anything about
Basically the people who do the math on risk management for things like insurance and finance.
It’s typically a very regulated job with tests required for different levels. But the pay is good and it’s one of the highest job satisfaction careers out there.
A degree in mathematics and pass about 10 tests and you will be making north of 200k
I very briefly had a job as a mathematician for a company that certifies pokies (slot machines). I was technically also a software dev, but my job mainly consisted of calculating the theoretical average returns for each machine, writing basic code to simulate the machine for millions of games and then making sure those two numbers matched. I’d pass that on to a physical testing team who hack them to run real games.
It was a horrible fucking job and I got out basically a month after I finished my training. All we did was prove the machines were exactly as profitable as allowed in whatever location they were going to be deployed at…
Now I work as a regular software developer and it’s also a horrible job.
So… How profitable were they?
It depends on the region, we were certifying globally. I don’t remember the numbers that well, it was years ago and I only did a few months there, but I think it’s something like a 98% return for the player, so if you put $1 in, you get 0.98¢ back on average.
Thanks! I would have thought it be less for sure.
Is it so that the cash builds up and augments the chance of winning the more you lose (reward mechanism)? I read somewhere the coins were physically dumped in a bucket (huess some went yo the bank) and the heavier it weights the bigger the chance of winning it (like when completely full you insta-win). Guess if it existed it was an ooold machine :-)
It’s just a regulated amount set by the government of each region, the manufacturers want to make them as profitable as possible, but the regulations say they can only be so profitable. The thing is, if you’re losing 2% per game, it doesn’t seem like much, but the point of slots is you play a lot of games, people sit there for hours and hours and the machines can run multiple games at once in some cases. You can lose all your money quite quickly.
I never worked on physical machines so I can’t really answer any questions about coins, I just got data sheets with the reels on them and info about stuff like custom rules and bonus rounds.
Yeah it’s maybe more insidious with a 2% loss rate too. I went to a casino once in my lifetime because friends, lost like 20€ split in 4 actions, and that’s it. Had I been able to play for 20 minutes, gaining a little but eventually losing it all I might have felt I got something for the money for example.
Did you also calculate the variances, or just the means?
The analytical skills needed for an advanced math degree are transferable to wide variety of jobs. The tech companies I worked for actively sought out people with those skills, mostly for jobs that didn’t require high level math.
A solid foundation in optimization makes your skills useful pretty much anywhere.
I assume you mean ppl who literally have “mathematician” as a job title? A few I could think of…
- I’d guess most likely as an academic researcher. There are academics in just about any field you could imagine, a lot of which are even more abstract/“useless” than advanced math. Not a traditional “job” in the sense that academics don’t directly add value to the economy… but are paid to do research that hopefully other people can add value based on. Downside is that these job openings are insanely competitive especially for the aforementioned “less useful” fields, because they are based on an organization having spare money to support research…
- As a cybersecurity researcher maybe? A lot of modern-day cybersecurity (the original “crypto”, before it became associated with bitcoin) are based on advanced math, so I’d imagine such expertise is still needed
- Somewhere in finance maybe? A lot of modern-day finance are built on data science/statistics, although I suppose this job fits statisticians better…
Applied math works everywhere, from engineering, to public health, finance, logistics, insurance…
It’s similar to how there are witches on Etsy that you can buy spells from. A customer goes on Etsy and pays a mathematician to do a love sum, or a death calculation, or a good luck multiplication.
Whats the going rate for good luck multiplications nowadays?
To tell you that, I’d need to a “describe number” ritual which is $30
Do you take nfts as payment?
Gift cards only I’m afraid
I don’t know a lot about other fields but stat people are hired a lot by research institutions. A good statistician can reduce the number of experiments you need to do, being able to test a drug/treatment with 7 people instead of 100 means a lot. They save a lot of money.
Also being able to make inference from past data, incomplete data, use correct math (there is always different ways to solve things) so they don’t make mistakes.
And a lot of people with stat degree join either academia, or other fields that have actual problems and use their background to solve issues.
Surprised no one has mentioned jobs like the NSA. They’re thought to be the largest single employer of mathematicians.
