Management Science
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Overview
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Management science is a program that focuses on the application of statistical modeling, data warehousing, data mining, programming, forecasting and operations research techniques to the analysis of problems of business organization and performance. includes instruction in optimization theory and mathematical techniques, data mining, data warehousing, stochastic and dynamic modeling, operations analysis, and the design and testing of prototype systems and evaluation models.
Current award levels
Hover over the bars below to see how many people across the country completed a degree in management science at each level last year.
02K4K6K8K10K12K0-1 Year Certificate2-4 Year CertificateAssociate's DegreeBachelor's DegreePostbaccalaureate CertMaster's DegreePost-master's CertResearch Doctorate
People with this bachelor's degree have gone to work in these careers
Applications and systems softw...Managers (specialized areas)Postsecondary teachersComputer programmersMathematicians and statisticia...ActuariesComputer support specialistsFinancial analysts
Applied Mathematics majors work in these careers, which are sized by percentage of majors in the career (at least 1%) and colored by the predominant level of education.
Bachelor's Degree
Master's Degree
Professional Deg/Doct
Doctorate
Race/origin of recent graduates
Here is an overview of race/origin for all management science graduates from this last academic year. We found a higher percentage of international graduates in this program than in 93% of other programs.
Race/Origin
White
Black
Pacific Islander
Hispanic
Asian
American Indian
Multiracial
Not Reported
International
Context: Percentage of Minority Graduates
Minority students comprise a higher percentage of graduates than in 72% of other programs.
Gender
Of all people with any degree in management science earned in the last academic year, 43% were women.
Gender
Men
Women
Context: Percentage women
This is a lower percentage of women than 63% of other programs.
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Salary
The Census Bureau provides salary data for people with bachelor's degrees in applied mathematics, which includes management science and 18 other programs.
Context: Median Salary
People with a degree in applied mathematics have a median salary of $88,345.
Context: Benefit of a master's
About 52% of these bachelor's graduates also have a graduate degree, perhaps in a different field. Salaries improved by approximately 15% over those holding only the bachelor's degree for those with subsequent graduate degrees.
Employment
As with our salary data, this data applies to all who earned a bachelor's degree in applied mathematics, which consists of 19 programs.
Context: Unemployment Rate
With an unemployment rate of 4.2%, this degree's majors who are in the workforce are less likely than the bachelor's graduates of 66% other fields to be employed.
Context: Self Employed Workers
About 5% of workers who earned a bachelor's in applied mathematics are self-employed.
Top careers
Following are the most frequent jobs held by people who earned a bachelor's degree in Applied Mathematics (which combines 19 programs), perhaps followed by additional education in any field. There is a fun exploration of related degrees and careers under Explore Careers below.
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Similar programs
Following are related programs, ordered by those with the highest number of completions. You can explore a full list in the last section for programs below.
Staring Salaries and College Debt by Award
How are students who recently completed a degree in Management Science doing?

New data from College Scorecard gives us a glimpse into the earnings and debt for recent graduates in their first year or two after leaving school. Shown is the distribution of the medians reported for all schools with graduates in the given program/award level.

Starting salaries by award level
$52K$84K$0$20K$40K$60K$80K$100K$120KMaster's DegreeBachelor's Degree
Median cumulative federal loan amount
$22K$38K$0$20K$40K$60KMaster's DegreeBachelor's Degree
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Salary and Employment for Majors
Understanding this data
This section's data applies to people with a bachelor's degree in management science
Employment overview
Percentage of applied mathematics bachelor's graduates who are working

Does getting a bachelor's degree in applied mathematics lead to a secure job? The donut chart shows the percentage applied mathematics majors who are working along with a broad view of where they work. We note:

  • Self-employed workers include those working in a family-owned business.
  • Government workers can be in local, state or federal governments.

Technically, about 16.8% of applied mathematics graduates are currently not working. However, only 4.2% are classified as "unemployed," while 12.6% are "not in the workforce." Unfortunately, we have no way of knowing whether people are out of the workforce for personal reasons or because they have been unable to find work for an extended period.

83%
Percentage working by type of employer
Government
Federal government
State government
Local government
Self-employed
Self Emp. Incoporated
Self Emp. Not Incorp.
Private not-for-profit
Private for-profit
total
Context: Unemployment rates

This chart lets you see whether applied mathematics majors have better unemployment rates than bachelor's graduates from other fields. In the shaded box plot, the percentage of unemployed with this degree is shown in blue, along with the distribution of the percentage of unemployed graduates for each bachelor's degree field.

4.2%0.0%1.0%2.0%3.0%4.0%5.0%
Salary overview
Typical salaries for applied mathematics majors

How does the median (middle) salary for applied mathematics majors compare to the median salaries for other majors? The chart below compares the median salaries for all bachelor's graduates by major. Here and everywhere that we discuss salary, we limit the population to those with bachelor's degrees who report working at least 35 hours a week and are aged 65 and younger.

Context: median salaries
$88,345$0$20,000$40,000$60,000$80,000$100,000
Distribution: Salaries by Employer

Above we compared the median salaries earned across college majors. Now we'll view the full salary range for applied mathematics majors. The charts below show the full distribution of salaries for this degree alone, with a look at how the type of employer might affect that salary. This salary includes all people who may also have received graduate education in this or any field. You can tease out the importance of graduate education in the last tab in the section.

$95K$74K$65K$95K$72K$88K$0$50K$100K$150K$200K$250KPrivate for-profit (68.1% )State government (7.2% )Local government (6.3% )Federal government (5.1% )Private not-for-profit (8.3% )Overall (100%)

Note that we do not include salary data when the survey standard error is higher than 20% of the salary. Therefore, some categories may be missing or may only provide partial salary ranges. To provide salary breakdowns, we have aggregated ACS person-level career survey responses by career, gender, race, age, and other factors. These graphics reflect the results of our aggregations, and are useful for identifying trends. A careful statistical study of the impact of these characteristics on salaries would correct for other factors that could be contributing to salary differences.

The battle of the sexes
Gender and success for applied mathematics majors

The donut chart shows the gender balance for all people with a bachelor's degree in applied mathematics. In the graphs that follow, we'll explore how these percentages compare to other bachelor's holders, and we'll also investigate the impact of gender on pay.

Gender
Men (66%)
Women (34%)
Context: Gender representation

How does the gender balance change according to college major? In the chart below, we see that applied mathematics has more men than most other degrees.

34%66%0%20%40%60%80%100%WomenMen
Distribution: salaries by gender

The chart below shows the distribution of salaries by gender of applied mathematics majors who are working 35 or more hours and are 65 or younger. If salaries are balanced for men and women, the blue and pink bars will be about the same. Many programs' graduates struggle with men's wages higher at all points of the salary distribution, including significantly higher top salaries.

$93K$80K$0$50K$100K$150K$200K$250KWomenMen
Context: Salary inequity

For applied mathematics graduates, men generally earn 16% more than women. This is better than many: 82% of programs have graduates with higher salary inequities.

16%16%0%20%40%60%80%100%
Age and Advancement
Insights from the ages of applied mathematics bachelor's-holders

The ages of people in the US with a bachelor's degree in applied mathematics can give us a hint about whether this degree is in-fashion or out-of-fashion. A higher percentage of older people with a degree suggests that newer degree options have edged out this degree for recent graduates. Likewise, a higher percentage of younger people with a degree may suggest that this degree has become more popular in recent years.

Careeer Advancement

What entry-level pay should you expect in your first job, and is the mid-level pay significantly higher? Below we see salary distributions by age group for applied mathematics graduates who are working 35 or more hours weekly. Is there room for advancement in careers that stem from this degree?

$75K$95K$104K$104K$44K$106K$60K$103K$95K$0$50K$100K$150K$200KSalaries by age20-2425-2930-3435-3940-4445-4950-5455-5960-64
01K2K3K4K5KNumber with major20-2425-2930-3435-3940-4445-4950-5455-5960-64

Note that we do not include salary data when the survey standard error is higher than 20% of the salary. Therefore, some categories may be missing or may only provide partial salary ranges. To provide salary breakdowns, we have aggregated ACS person-level career survey responses by career, gender, race, age, and other factors. These graphics reflect the results of our aggregations, and are useful for identifying trends. A careful statistical study of the impact of these characteristics on salaries would correct for other factors that could be contributing to salary differences.

Need for higher degrees
Is a bachelor's degree all you need?

Can applied mathematics majors earn a high salary without obtaining a graduate degree? Below, we dive into the prevalence of graduate degrees for applied mathematics majors, and we explore how much a graduate degree can be expected to increase salaries. Among all management science completions reported last year, 95% were at the bachelor's level or higher, including 48% at the graduate level.

Most recent completions in management science
0-1 Year Certificate
1-2 Year Certificate
2-4 Year Certificate
Associate's Degree
Bachelor's Degree
Postbaccalaureate Cert
Master's Degree
Post-master's Cert
Professional Deg/Doct
Research Doctorate
Other Doctorate
Context: Graduate degrees in any field by undergraduate ACS degree

The donut shows the degree levels awarded in management science today. Now we'll use American Community Survey (ACS) data and look at all workers in the US who majored in applied mathematics when in college.

We know that about 52% applied mathematics majors chose to also earn a graduate degree (but we do not know the graduate field of study). The percentage of applied mathematics majors who also earned a graduate degree is higher than about 78% of other fields.

52%0%20%40%60%80%100%
Distribution: applied mathematics majors' salaries by education level

We saw above that 52% earned a graduate degree after earning a bachelor's in applied mathematics, but was this necessary for earning a good salary? We can see this answer in two ways. First, we can see the salary distribution for people with a bachelor's in applied mathematics by their highest education attained. Remember, we only know the field for the bachelor's degree; the graduate degree can be in any field.

$91K$79K$115K$106K$0$50K$100K$150K$200KBachelor's DegreeMaster's DegreeResearch DoctorateProfessional Deg/Doct

Note that we do not include salary data when the survey standard error is higher than 20% of the salary. Therefore, some categories may be missing or may only provide partial salary ranges. To provide salary breakdowns, we have aggregated ACS person-level career survey responses by career, gender, race, age, and other factors. These graphics reflect the results of our aggregations, and are useful for identifying trends. A careful statistical study of the impact of these characteristics on salaries would correct for other factors that could be contributing to salary differences.

Context: Percentage boost obtained with a graduate degree

The second way that we can explore the impact of higher education on salary is to compare median salaries for workers with each level of education. We measure the percentage increase over the bachelor's salary that each higher degree achieved, and contrast that with similar measurements for other fields.

Sure, we think a higher degree would almost always help salary, but are there some majors that "need" a higher degree (in either the same or a new field) more than others in order to reach their earnings potential?

15%45%34%0%50%100%150%Bachelor's to Master'sBachelor's to Research DoctorateBachelor's to Professional Doctorate
Explore Careers
Careers for applied mathematics majors
Careers for applied mathematics majors

As we explained at the start of the previous section "Salary and Employment for Majors", the career data in all of these tabs is supported by the American Community Survey (ACS), which provides career information based on the broad degree applied mathematics. For of the career statistics we report here, we consider all bachelor-holders in management science and 18 other programs to fall under the ACS data we aggregated for the applied mathematics degree.

Here we look at ACS survey respondents across the US with a bachelor's degree in applied mathematics, and we see their top careers. You can explore the salary distributions for all people in those careers, as well as the typical education help by workers in that job. If you see ** before the job name, that tells you that the Department of Education recommends this job for people with a degree in management science. We did not find always find a strong correlation between that advice and where people were working.

Career
Select any column header to sort by that column, and select any row to explore that career.
Salary
Salary distribution 0-$200,000.
Median
Middle 50%
Middle 80%
Education
High School
Some College
Bachelor's Degree
Master's Degree
Doctorate
Percentage with degree who are in job
Applications and systems software developers
$0$200K$97K
13.6%
Managers (specialized areas)
$0$200K$73K
6.4%
**Postsecondary teachers
$0$200K$63K
5.9%
Computer systems analysts
$0$200K$77K
3.2%
Management analysts
$0$200K$78K
3.2%
Computer and information systems managers
$0$200K$101K
3.1%
Computer programmers
$0$200K$83K
3.0%
Accountants and auditors
$0$200K$61K
2.6%
Elementary and middle school teachers
$0$200K$52K
2.6%
Mathematicians and statisticians
$0$200K$78K
2.0%
Actuaries
$0$200K$94K
2.0%
Secondary school teachers
$0$200K$54K
2.0%
Financial managers
$0$200K$70K
1.9%
**Chief executives and legislators
$0$200K$96K
1.8%
Computer support specialists
$0$200K$55K
1.5%
Financial analysts
$0$200K$78K
1.4%
Engineers (specialized areas)
$0$200K$92K
1.4%
Database administrators
$0$200K$80K
1.3%
Computer occupations (specialized areas)
$0$200K$70K
1.3%
Lawyers, judges, and magistrates
$0$200K$94K
1.1%
Other routes to the top ten careers
Other majors that are hired by the top ten applied mathematics careers

Take a minute with this sankey diagram, and use your mouse/touch to explore. You can follow the top ten jobs held by applied mathematics graduates, and then, in turn, you can see the largest 10 degrees hired by each of those careers. We hope this gives you a glimpse at where you can most realistically hope to get a job with this degree, but also see alternatives for the same employment options. It's worth noting that for many degrees, the top ten jobs don't account for even half of the graduates. The data warns us / encourages us that a degree is only one piece of the puzzle that determines where we land.

Computer ScienceElectrical EngineeringComputer EngineeringGeneral Computer and Information SystemsMathematicsGeneral EngineeringBusiness Management and AdministrationMechanical EngineeringGeneral BusinessPhysicsEnglish Language and LiteratureBiologyPsychologyNursingChemistryGeneral EducationHistoryPolitical Science and GovernmentAccountingEconomicsMarketingFinanceManagement Information Systems and StatisticsCommunicationsComputer Programming & Data ProcessingElementary EducationSpecial Needs EducationEarly Childhood EducationArt and Music EducationLanguage and Drama EducationLiberal ArtsStatistics and Decision ScienceApplications and systemssoftware developersPostsecondary teachersManagers (specializedareas)Computer systems analystsAccountants and auditorsComputer and informationsystems managersComputer programmersManagement analystsElementary and middleschool teachersMathematicians andstatisticiansAll othersThis degreeTop 10 CareersTop 10 degrees hired
Jobs that choose applied mathematics majors
What careers hire applied mathematics majors as one of their top 10?

What jobs are especially seeking you out? The previous section let you explore the top ten jobs for people who earn bachelor's degrees in this field. Now we turn the tables a bit. What jobs have applied mathematics as one of the top ten majors they hire? Take this with a grain of salt, though, since some majors have more than 100,000 annual graduates and others have only a few thousand. Maybe employers would hire more of certain low-number majors if they could be found. In the bottom Sankey box, we show you the proportion of applied mathematics majors that are accounted for by the top 10 jobs -- there are a myriad of other options for most majors.

ActuariesAll other careersApplied MathematicsAll other degreesCareers where this degree is a top 10 hireDegree
Where can I complete this program?
What schools offer this program?
Graduate program details
Explore management science graduate program details

Many schools provide information to Peterson's about their graduate programs, and Ididio has licensed that data to share with you. The data is reported by program name and subject, and we have worked to match that data with the standard "CIP" titles that are the basis of these program pages. Please be aware that only a subset of all possible graduate programs share the details about financial support and admissions numbers with Peterson's. To see a complete list of schools who have graduated students with this degree, the previous section is much more reliable; however, this is a great place to look for a hint of schools that may offer financial support. You can see more details about each school's graduate programs in the Programs Offered section within that school's Ididio page.

Filter Schools
AKMEVTNHWAIDMTNDMNMINYMARIORUTWYSDIAWIINOHPANJCTCANVCONEMOILKYWVVAMDDEAZNMKSARTNNCSCDCOKLAMSALGAHITXFLPR
Program
State
Total applicants
Percentage Admitted
Application Fee
Grad students with aid
Baldwin Wallace University
Master's in Management Program (Master of Arts Management)
OH
12
42%
Baldwin Wallace University
Program in Management (Master of Business Administration)
OH
47
79%
$25
California Polytechnic State University - San Luis Obispo
Program in Business Analytics (Master of Science)
CA
$55
Claremont Graduate University
Program in Executive Management (Master of Arts, Master of Science, Doctor of Philosophy, Executive Master of Business Administration)
CA
$80
College of William and Mary
Master of Science in Business Analytics Program (Master of Science)
VA
233
58%
$100
George Washington University
Program in Higher Education Administration (Master of Arts in Education and Human Development, Doctor of Education, Specialist in Education)
DC
139
76%
$75
17
Harrisburg University of Science and Technology
Program in Project Management (Master of Science)
PA
$0
Illinois Institute of Technology
Program in Management Science (Doctor of Philosophy)
IL
99
33%
$75
Jacksonville University
Accelerated Day-time MBA Program (Master of Business Administration)
FL
70
90%
$50
La Salle University
Master of Business Administration Program (Master of Business Administration/Master of Science in Nursing, Master of Business Administration)
PA
216
57%
$35
51
Lewis University
Program in Aviation and Transportation (Master of Science)
IL
$40
Loyola University Chicago
Master of Science in Business Data Analytics Program (Master of Science)
IL
53
68%
$50
2
Rutgers University - Newark
Program in Management (Doctor of Philosophy)
NJ
438
14%
$60
Saint Joseph's University
MS Program in Business Intelligence and Analytics (Master of Science)
PA
207
76%
$35
Salve Regina University
Program in Management (Master of Science, Certificate of Graduate Studies)
RI
$60
Explore similar programs

Management Science is part of a larger collection of programs: Applied Mathematics and Computational Sciences. Is there a different program that's close to Management Science that might be a better match for your interests? You can use this table to see a little about the programs that fall under this umbrella. If you click on any of the table headers, that will sort the table by that column, or click on a row and see Ididio's profile for that program.

Program
Graduates
Award Levels
Less than Bachelor's
Bachelor's
Graduate
Gender
Men
Women
Race/Origin
White
Minority
International
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