Online Masters in Applied Mathematics

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The best online masters in applied mathematics degree programs are offered throughout the country. The best masters programs are accredited and have well-trained and experienced faculty, excellent laboratories, student services, and a very good reputation in the industry. The OMC team has analyzed hundreds of affordable, flexible applied mathematics programs that check all the right boxes. Here is the list of the best masters in applied mathematics programs online: 

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Source – Integrated Post Secondary Education Data System & University Data
*Tuition rates are for in-state and per year. Program specific rates may apply.
**NA – data not available

Masters in applied mathematics online programs help students use mathematics to problems that arise in various areas like science and engineering and implement new ideas and new methods to meet new challenges. The program also teaches students how mathematics is applied in laboratories to understand mathematical models of biological processes in the spread of diseases, in weather departments to understand how climate change and aeronautical industries to design better airplanes, and much more. The goal of applied mathematics research is to intelligently apply existing mathematics tools and knowledge to solve scientific problems. With the advent of new computer technology, applied mathematics has transcended its traditional style and is even more critical to this new generation. 

The online applied mathematics degree is a typically 2-year program, culminating with a capstone project and, sometimes, a thesis. Several universities also offer traditional and hybrid programs that combine on-campus and online classes. 

Masters in Applied Mathematics Degree Types

Being a scientific degree, the online master’s in applied mathematics programs are usually a Master of science or MS degree, with a Master of Arts or MA being extremely rare. 

Most colleges have the GRE score as a mandatory criterion for application. Nevertheless, some universities waive this requirement if the applicant has a high Grade Point Average (GPA). Still, an exemption for the GRE is rare in most instances, but a few universities do offer online masters in applied mathematics with no GRE programs, such as the Columbian College of Arts and Science. 

It is not uncommon for universities to offer masters in applied mathematics online programs from which one can graduate in less than 2 years. By opting for accelerated programs or credit transfers, lower graduation times can be achieved. Some universities offer accelerated online masters in applied mathematics online, which helps students complete the program before the typical schedule of 2 years. Here are a couple of examples of accelerated online applied mathematics master’s:

1. The University of Akron – The University of Akron allows students to take graduate-level courses in the final year of their undergraduate program, making it possible to complete their master’s degree in 1 year instead of the usual 2 years.
2. California University of Pennsylvania – The California University of Pennsylvania offers an accelerated online masters in applied mathematics with an option to complete a 30-credit program in just 13 months if they choose to study full-time.

Unfortunately, there are no free masters in applied mathematics degree online programs. However, numerous individual free online courses are offered by several prominent universities worldwide. These free courses will help students acquire more or specific knowledge of the subject, which could be useful for assignments or exams. Here are some resources to find online masters in applied mathematics free courses: 

1. Udemy – Udemy offers several free courses, with many also available at reasonable rates, on various topics connected to engineering mathematics, machine learning, statistics, etc. 
2. Coursera – Coursera is a platform that offers free courses that provide students with practical mathematical insights from accredited colleges, experts in the field, and reputed institutions. They offer over 1,000 

free guided projects, and specialization and certificate courses. Topics include mathematical thinking, engineering mathematics, mathematics for machine learning, etc. 

An online masters in applied mathematics program is a much-sought degree that costs several thousand dollars. The tuition fees for this program keep increasing with each passing year. Even though students who take up online programs do not have to pay for a hostel, transportation, and meals, they still have to pay the tuition fees, which are not cheap. Thus, financial assistance can significantly ease the burden of a self-funded college education. Some such sources of financial assistance include: 

Scholarships 

Universities offer scholarships to students who are good in academics, sports, arts, or any other skill. Religious groups, communities, individuals, and NGOs offer scholarships to deserving students. The good thing about scholarships is that they are free, and the student need not pay the awarded money back. 

Grants  

Grants are need-based and are allocated on a case-to-case basis to students who have a poor financial background. Unlike scholarships that predominantly pay for tuition, grant funds can be utilized for purposes other than tuition fees. Grants do not need to be repaid as well. 

Graduate Assistantships 

Graduate Assistantships offer students the opportunity to take up part-time teaching or a part-time job in the same institution where they are studying and, in return, receive a tuition waiver or monthly stipend. 

Student Loans 

Student loans are sums of money often borrowed from banks, financial institutions, or the federal government and need to be paid back through regular installments or as a lump sum. Student loans involve an interest payment which increases the overall cost of education and poses a risk of increased student debt. 

FAFSA 

Students can apply for the Free Application for Federal Student Aid (FAFSA) to check if they are eligible for federal financial aid for grad school. 

Find out everything you need to know about the Cost of Master’s and Scholarship Scams, and read the Financial Aid Guide to find the best funding option. 

Scholarships bear an advantage over other forms of funding as they do not need to be repaid. Scholarships are offered by universities, various for-profit and non-profit institutions, as well as other individuals and groups. Although no scholarships are explicitly awarded for applied mathematics, some colleges provide generic scholarships to grad students with the help of gifts from individuals and religious organizations. Here is an example: 

California University (CAL U) 

Cal U and its Foundation offer scholarships to students through gifts from individuals or organizations. These scholarships are awarded to students who meet certain criteria, such as academic performance, hobbies, talents, and so on. The scholarship amount is decided based on students’ meeting certain criteria.

Deadline: TBA for 2023-2023. 

Professionals with a strong mathematical aptitude can pursue jobs in the field, which can be lucrative and gratifying. The U.S. Bureau of Labor Statistics reports that mathematicians and statisticians can expect jobs to grow by 33% between 2020 and 2030. Graduates of applied mathematics masters are capable of making financial decisions or solving business challenges efficiently, so they are in high demand in numerous sectors. Some of the career options for masters in applied mathematics graduates are: 

1. Actuarial Analyst – $74,000 – Actuarial Analysts are computer system analysts or systems designers. Actuarial analysts are responsible for upgrading computer systems, configuring software and hardware, training end-users, and ensuring they use computer technology efficiently. 
2. Data Analyst – $80,403 – A Data Analyst is in charge of creating and maintaining databases and data systems. They are experts in fixing coding errors and other data-related problems. They make decisions based on data collection. They collaborate with programmers, engineers, and organizational leaders for system improvements and recommend upgradation and system modifications. Data analysts are responsible for understanding client requirements and developing policies for data governance. 
3. Data Engineer – $111,019 – Data Engineers are experts in implementing new methods to improve data quality and reliability. They collect information from various sources to create consistent and machine-readable formats. They are responsible for analyzing raw data, developing and maintaining data sets, and improving and maintaining data quality depending on industry requirements. 
4. Data Scientist –  $136,637 – Data Scientists are experts in creating data tools to analyze and assist fellow data scientists in building and optimizing the best products in an innovative industry. Data scientists work closely with clients to understand their requirements and determine how data can be used to achieve their goals. 
5. Mathematician – $85,921 – Mathematicians apply mathematical theories and techniques to solve practical problems in industries and organizations. They solve scientific and engineering problems by collecting data, analyzing the data, and presenting their reports. They are experts in applying mathematical theories and test formulas to new areas of scientific investigation and also provide mathematical support to engineering and product teams. 

Generally, an online master’s in applied mathematics is sufficient to start a career in the field of mathematics, but a certification enhances one’s potential in a specific skill or tool. Certifications are not mandatory, but some firms insist on employees completing one or more certifications for high-skilled roles. Certifications also reflect well on a graduate’s resume alongside their projects and help them stand out from their peers. Here are a few certifications related to applied mathematics graduates and students can consider: 

1. CompTIA  – CompTIA career pathways is an organization offering certifications aligned with the IT infrastructure and cybersecurity sectors. CompTIA provides Certifications to professionals like Data Analysts, Software Engineers, and Data Engineers. 
2. Certified Analytical Professional (CAP) – Certified Analytical Professional (CAP) certification validates a professional data scientist’s ability to transform complex data into valuable insights and actions, which are very important in industries relying heavily on data science. 
3. Certified Financial Planner (CFP) – Certified Financial Planner (CFP) is a certification for Financial Planners who have met extensive training and commit to ethical standards that require them to give consumers confidence and security. Applied Mathematicians can use their knowledge and skills along with a CFP to seek niche jobs in several industries. 

Applied Mathematics is a vast study, and students who have completed their masters must update their knowledge regularly. With each industry having its specific requirements, it is always advisable for professionals to tap into resources to understand those requirements. Here are some resources that masters in applied mathematics graduates and professionals can tap into: 

1. American Mathematical Society (AMS) – The American Mathematical Society (AMS) is a professional society dedicated to advancing research and connecting diverse global mathematical professional communities through publications, conferences, professional services, advocacy, and awareness programs. 
2. Society for Industrial and Applied Mathematics (SIAM) –  The Society for Industrial and Applied Mathematics (SIAM) is an international community with over 14,000 individual members, including applied mathematicians, computational mathematicians, computer scientists, and other scientists and engineers. The members are professionals from different countries who are researchers, educators, students, and practitioners. The Society publishes a variety of books and prestigious peer-reviewed research journals, holds conferences, and organizes activity groups in various areas of mathematics and computational science.  
3. National Association of Mathematics (NAM) – The National Association of Mathematics (NAM) is a non-profit professional organization dedicated to promoting excellence in mathematical sciences and mathematical development. They aim to engage students in projects, activities, programs, conferences, workshops, etc., which inspire, motivate, promote, and assist graduates in maintaining an active interest in the mathematical sciences. 
4. Mathematical Association of America (MAA) – The Mathematical Association of America (MAA) is an organization that helps professionals connect and share their ideas. They offer several membership categories that provide the best mathematical exposition. Members benefit from world-class resources and numerous opportunities to network and grow professionally.