Master's · earnings grade

Is a Applied Mathematics degree worth it?

Graduates earn a median $97,071 two years after finishing, more than 88% of master's majors. Measured across 204 US programmes by the Department of Education — real graduate pay, not survey answers.

A

The verdict on the money

Yes, on the money — this is one of the best-paying majors at this level in the country.

Median earnings $97,071 2 years after finishing · per graduate
Typical range $70,456–$86,689 middle half of US programmes
Over no degree +$57,551 vs $39,520 high-school median
Graduates a year 6,541 204 programmes

Where a Applied Mathematics degree pays best US programmes ranked on their own graduates' median earnings two years out.

#University1 yr out2 yrs out3 yrs outGraduates/yr
1 University of California-Los Angeles cost & debt at this university → not published $117,572 $156,116
2 New York University cost & debt at this university → not published $98,743 not published 226
3 Boston University cost & debt at this university → not published $97,071 not published 100
4 University of Washington-Seattle Campus $83,883 $89,297 $97,576 116
5 University of Connecticut-Hartford Campus not published $86,689 not published
6 University of Connecticut-Stamford not published $86,689 not published
7 University of Connecticut-Avery Point not published $86,689 not published
8 University of Connecticut-Waterbury Campus not published $86,689 not published
9 University of Connecticut not published $86,689 not published 98
10 Rensselaer Polytechnic Institute cost & debt at this university → not published $81,333 $90,716 28
11 DePaul University cost & debt at this university → $77,007 $70,456 $85,312 57
12 Lehigh University cost & debt at this university → not published $67,164 not published 8

What this figure does and does not tell you

Two medians are worth separating. $97,071 is what the typical graduate earns — each programme counted in proportion to how many students it graduates. $86,689 is what the typical programme reports, counting a class of twenty the same as a class of two thousand. The weighted figure is higher here, which means the larger programmes in this field are the better-paying ones.

It is the median of what real graduates of this exact major earned, taken from tax records two years after they completed. It is not a starting salary, not an average of job adverts, and not a projection. The median master's major in this dataset reports $52,837, so Applied Mathematics sits above the middle by $44,234.

Two years is early in a career. Fields with long training pipelines — medicine, law, research — look weaker at this point than they will at ten, while trades and applied technical fields peak sooner. Read a low figure in a long-pipeline subject as "slow start", not "bad degree".

There is no debt figure here on purpose. The Department of Education publishes earnings by field of study but not borrowing, so nobody can honestly tell you the debt of a specific major. Debt is published per institution — that is where our university cost pages carry it.

Applied Mathematics at other levels

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Applied Mathematics: the questions people ask

How much do Applied Mathematics graduates earn?
The median master's graduate earns $97,071 two years after finishing (weighting each programme by how many students it graduates), across 14 US programmes that publish the figure. One year out it is $83,883.
Is a Applied Mathematics degree worth it?
Yes, on the money — this is one of the best-paying majors at this level in the country. The median graduate earns $57,551 a year more than a US worker whose highest qualification is a high-school diploma.
What is the salary range for Applied Mathematics?
Half of US programmes report medians between $70,456 and $86,689. Where you study moves this figure more than most applicants expect.
How many people graduate in Applied Mathematics each year?
About 6,541 students complete a master's in this field each year across 204 US programmes.
Does this include student debt?
No — and deliberately. The Department of Education publishes earnings by field of study but not debt, so any "debt by major" figure you see elsewhere is an estimate. Debt is published per institution, which is why our university pages carry it and this page does not.

Source: US Department of Education College Scorecard, field-of-study earnings (median earnings of graduates who received federal financial aid, measured 1–3 years after completion). Figures are per major and credential level, pooled across US programmes. Information only, not financial advice.