Masters in Mathematics in USA: Top Universities, Programs, Application, and Opportunities

A Masters in Mathematics in USA offers Indian students a pathway to advanced knowledge and profitable career opportunities. The average annual salary for professionals with an MS in Mathematics is approximately $92,000 (INR 79.8L), with top earners reaching up to $121,680 (INR 1.05 Cr). 

Tuition fees vary widely, ranging from $15,000 (INR 13L ) to over $30,000 (INR 26L) per year, depending on the institution. Graduates often find employment in finance, technology, Artificial Intelligence, and education, with many institutions offering support for international students through scholarships and assistantships.

This blog discovers some of the top universities in the USA offering master's in mathematics courses, along with insights into the cost of studying and career opportunities, helping you make an informed decision while studying in the USA.

Masters in Mathematics in USA: Overview

Typically spanning 1.5 to 2 years, a master's in mathematics program comprises 30–36 credit hours, including core courses in calculus, linear algebra, statistics, and electives in applied mathematics and mathematical finance.

Graduates often go after roles as actuaries, data analysts, or statisticians. The average salary for mathematics graduates is around $58,837 (INR 51L) annually, with top earners reaching up to $94,500 (INR 82L).

A Masters in Mathematics in USA provides Indian students with a solid foundation in mathematical principles, access to esteemed institutions, and promising career prospects in various high-demand sectors.

Let's have a quick overview of these courses:

Now, let’s discuss the benefits of aiming for Masters in Mathematics in USA.

Why Pursue Masters in Mathematics in USA?

A Masters in Mathematics in USA offers Indian students unparalleled academic and professional advantages. The U.S. is home to over 1,501 universities, many of which are globally recognized for their excellence in mathematics and related fields.

These universities are renowned for their valuable academic programs and modern research in mathematics. Here are some more reasons why it could be the key to advancing your career:

• World-Class Education and Research Opportunities: Institutions like MIT, Stanford, and Harvard offer specialized programs in applied mathematics, computational mathematics, and statistics. These include opportunities for research assistantships and internships.
• Diverse Career Opportunities: Graduates can access a wide range of career paths. The demand for data scientists and analysts continues to rise, with industries such as finance, technology, and healthcare seeking professionals with strong quantitative skills.
• Post-Study Work Experience: The U.S. offers the Optional Practical Training (OPT) program, allowing international students to work in the country for up to three years after completing their degree in STEM fields.
• Global Network and Cultural Diversity: Studying in the U.S. provides exposure to a diverse student body, promoting cultural exchange and broadening perspectives. This international network can be beneficial for future collaborations and career advancement.
• Long-Term Residency and Growth: For Indian students, it can be a step toward long-term residency and career growth. Many graduates transition to post-study work visas and eventually seek permanent residency, contributing to the U.S. economy and workforce.

These advantages make it an attractive option for international students wanting to study mathematics in the USA.

After discussing the benefits, let’s check out the top universities offering Masters in Mathematics in USA.

Top Universities For Masters in Mathematics in USA

The USA hosts over 10 of the top 20 global universities for mathematics, like the University of California, Berkeley. These are not only academically meticulous but also provide excellent career opportunities due to the strong connections with industries like finance, tech, and academia. 

Moreover, with the country's solid research infrastructure and high-quality teaching, studying for a Masters in Mathematics in USA is ideal for students aiming to build a career in data science, actuarial science, engineering, and beyond.

Here's a look at some of the top universities offering exceptional Master's programs in Mathematics:

Note: The INR conversion is based on the current exchange rate. 

In addition to these universities, other popular institutions are offering masters in mathematics in USA. Let's see ahead.

Popular Universities Offering Masters in Mathematics in USA

There are over 170 well-known US institutions offering master’s degrees in mathematics. Learning about these alternative universities expands your options and helps you select the best fit based on your personal preferences and career goals. 

For example, universities like Johns Hopkins University are accredited by the Middle States Commission on Higher Education (MSCHE), ensuring their programs meet high academic standards. 

Below are some popular universities offering Master's in Mathematics:

After exploring the top universities, let’s look at the eligibility criteria for applying to the Masters in Mathematics in USA.

Eligibility Criteria for Masters in Mathematics in USA

When applying for a Masters in Mathematics in USA, Indian students need to meet specific academic and testing requirements. 

The process can vary between universities, but key components such as a strong academic background, standardized test scores, language proficiency levels, and USA study visa requirements are required for a successful application. 

To give a clearer idea, let's break down the eligibility criteria to provide a detailed picture of what applicants can expect:

Prospective students need to review the specific requirements of each program, as they can vary significantly. 

Meeting these eligibility criteria is the first step toward successfully applying to a Masters in Mathematics in USA. For the next step, let’s check out the application process.

Application Process for Masters in Mathematics in USA

Applying for a Masters in Mathematics in USA involves a structured process that requires careful planning and attention to detail. Prospective graduate students should prepare strong applications that showcase their strengths.

The application process typically spans several months, with deadlines varying by institution. For instance, the University of Southern California has general intakes in December for its graduate programs

Below is a step-by-step guide to the application process:

Step 1: Submit University Admission Application

Complete and submit the online application form for each university you're interested in. Most universities require a completed application form, which includes personal information, academic history, and program selection.

Step 2: Upload Financial Documents

Provide proof of financial support to demonstrate your ability to cover tuition and living expenses. Accepted documents include: 

• Bank statements 
• Affidavits of support 
• Scholarship award letters.

Step 3: Submit Additional Documents

Upload all required supplementary materials. Commonly required documents include:

• Academic Transcripts: Official records from all post-secondary institutions attended.
• Letters of Recommendation: Typically, two to three letters from professors or employers who can speak to your academic and professional qualifications.
• Statement of Purpose: An essay outlining your academic interests, career goals, and reasons for choosing the program.
• Resume/Curriculum Vitae: A detailed account of your academic achievements, work experience, and relevant skills.
• Standardized Test Scores: GRE General and/or Mathematics Subject Test scores, if required by the program.
• English Proficiency Test Scores: TOEFL or IELTS scores for non-native English speakers.

Step 4: Attend Interview (If Required)

Participate in an interview if the program requires one. Interviews may be conducted in person or online and are an opportunity further to demonstrate your qualifications and interest in the program.

Step 5: Check Application Status

Regularly monitor the status of your application. Most universities, like Harvard and Stanford, provide an online portal where applicants can track the progress of their application. 

• It's important to ensure all documents have been received and respond promptly to requests for additional information.

Step 6: Apply for a Student Visa

Once admitted, apply for an F-1 student visa. After receiving the I-20 form from your university, schedule a visa interview at the nearest U.S. embassy or consulate. 

• Prepare necessary documents, including the I-20 form, passport, visa application fee receipt, and proof of financial support.

By following these steps and adhering to each university's specific requirements and deadlines, you can figure out the application process for a Masters in Mathematics in USA effectively.

These courses will equip you with advanced skills in the field. Let’s take a closer look at the details of the program.

Curriculum Details for Masters in Mathematics in USA

Master's in Mathematics caters to various specializations, from pure theory to practical applications like data science, business finance, and engineering. For example, MIT offers advanced tracks in computational mathematics, focusing on algorithmic problem-solving and machine learning. 

On the other hand, institutions like the University of Chicago emphasize mathematical finance, preparing students for lucrative careers in hedge funds and investment banking.

The flexibility of these programs allows students to choose a focus based on career interests and market trends. Let's take a closer look at the different types of degrees and their key specializations:

These specialized programs enable students to not only gain in-depth knowledge in specific areas of mathematics but also to apply this knowledge to real problems, setting the foundation for advanced careers or further academic pursuits.

Now, let’s discuss the costs involved in studying for Masters in Mathematics in USA.

Cost of Pursuing Masters in Mathematics in USA

Studying for Masters in Mathematics in USA is a significant financial commitment. While the investment can lead to worthwhile career opportunities, it's essential to understand the full scope of the cost of studying involved.

Living expenses are a substantial part of the total cost. On average, international students can expect to spend between $10,000 (INR 8.6L) and $25,000 (INR 21.6L) per year on living costs, which include accommodation, food, transportation, health insurance, and other personal expenses.

To provide a clearer picture, here's a breakdown of the estimated Annual cost of living in the USA:

These estimates are based on average costs and can vary depending on the specific university, location, and personal lifestyle choices. Prospective students should research the exact costs associated with their chosen institutions and plan their finances accordingly.

Now, let's explore some notable internal and external scholarships to make your journey more affordable.

Masters in Mathematics in USA: Scholarships for Students

Considering a Master's in Mathematics in the United States can be financially demanding. However, numerous scholarships, both internal (offered by universities) and external (provided by organizations and foundations), are available to alleviate the financial burden. 

These study abroad scholarships not only provide financial support but also recognize academic excellence and promote diversity within the field. Let's explore some of the popular options:

Internal Scholarships

US universities offer many Internal scholarships, such as the Graduate Teaching Assistantships (GTA), which are provided directly by universities to their own students, typically to support exceptional talent or alleviate financial burdens. 

These scholarships can cover tuition fees, provide stipends, or offer work opportunities in exchange for teaching or research responsibilities.

Here are some internal scholarship options:

Now, let’s explore some external scholarship options.

External Scholarships

External scholarships, such as the National Defense Science and Engineering Graduate (NDSEG) Fellowship, are awarded by organizations, foundations, and government agencies outside universities. 

These highly competitive scholarships aim to support specific groups of students, such as those from underrepresented regions or those studying specific mathematical fields. They can offer significant financial support, including full tuition and living expenses.

Below are some external scholarships to study in the USA:

It's advisable to research and apply for multiple scholarships to increase the chances of securing funding.

After a detailed look at scholarships, let's explore the job opportunities available for graduates with a Master's degree in Mathematics.

Job Opportunities After Masters in Mathematics in USA

Graduates with a Master's in Mathematics from U.S. institutions are in high demand across various industries. Professionals with advanced mathematical skills are in demand for their ability to analyze complex data, develop predictive analysis, and optimize systems. 

The median annual wage for mathematicians has been over $119,770 (INR 1.7 Cr) recently, with the top 10% earning more than $183,500 (INR 1.6 Cr). Similarly, data scientists had a median yearly salary of $108,020 (INR 93.7L).

Below are some of the top math career options available, along with their average annual salaries:

Source: Glassdoor

These roles not only offer competitive salaries but also provide opportunities to work on impactful projects that influence business strategies, public policies, and technological advancements.

Now, let’s take a look at the top recruiters hiring graduates with a Master’s in Mathematics degree.

Top Recruiters Hiring Master's in Mathematics Graduates in the USA

Graduates holding a Master's in Mathematics are in high demand. Their advanced analytical, statistical, and problem-solving skills make them valuable assets in industries ranging from information technology and finance to government and healthcare. 

One in four tech job listings in the U.S. seeks candidates with AI expertise, highlighting the increasing demand for professionals with a strong mathematical and computational background.

Here are some of the top recruiters actively hiring Master's in Mathematics graduates:

Source: Glassdoor

These organizations recognize the critical role that advanced mathematical expertise plays in driving innovation and solving complex problems.

If you also aim to be a part of it, let’s see how upGrad can assist you in this.

How Can upGrad Help You Study Masters in Mathematics in USA?

Masters in Mathematics in USA can open doors to beneficial careers, but the complexities of choosing the right university, specialization, and managing costs can be overwhelming. With rising tuition fees and intense competition, the process can seem daunting.

upGrad makes this journey simpler. Offering personalized career counseling, we guide you through the entire process, from applications and scholarships to financial planning and specialization choices. Our expert counselors help you make informed decisions, ensuring your path aligns with your career goals.

Need help with applications, funding, or career options? Don't let uncertainty hold you back, book a session today with upGrad experts and take the first step toward your journey!