An online master's degree in math and statistics can prepare graduates with skills for a wide range of jobs, from a mathematician at a research facility or one working for the federal government. Demand for these types of professionals is on the rise, as more organizations use data to make important decisions for their business. According to the Bureau of Labor Statistics (BLS), employment for mathematicians is expected to grow 21 percent from 2014 to 2024.
Online master's in math and statistics programs typically take two years of full-time study to complete. During this time, students learn to solve real-world problems in business, engineering, the sciences and other fields through calculation and computational methods. Students enrolled in these programs learn math-related subjects in greater depth than at the undergraduate level, and in many cases are given the opportunity to study related fields, such as engineering or physics.
With an online master's in math and statistics students can choose a career path as a math teacher at a university or working in the field in a wide variety of industries. Students training to be teachers tend to focus more on mathematical theory, while those training to work in the field will be exposed to more practical applications of math concepts.