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Industrial Mathematics

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According to Forbes Magazine, Best Master's Degree
No. 4 (tie) Best Master's Degree For Jobs: Mathematics
Mid-career median pay: $91,500 
Projected employment increase for common jobs associated with this degree: 24.7%

Concentration:  Industrial Mathematics - Camden, New Jersey

Overview:
Industrial Mathematics is a branch of mathematics that is concerned with developing mathematical methods and applying them to engineering, science, society, and industry. This program is aimed at developing multidisciplinary students who have up-to-date knowledge in their fields, but who also understand the linkage between mathematics and business. This program puts an emphasis on mathematical modeling, computational techniques, and statistical reasoning. Students will develop skills in abstraction, analysis of structure and logical thinking. They will also develop expertise in formulating and solving problems. This concentration provides the knowledge of modeling and numerical techniques fundamental to pursuing a career in industry. Students in this concentration will also study quantative finance, analytics, as well as risk management.

Employment Opportunities: 
Opportunities include
systems engineer, analyst, research associate,  technical consultant, and scientific programmer. Employment areas include federal and state governments, insurance companies, financial industry, as well as banks, automotives, aeronautics, and industrial companies.

Program Requirements: 

For the Master of Business & Science (MBS) degree, students take 8 courses (24 credits) in the sciences and 19 credits in business. The business requirements include courses in finance & accounting, marketing, communication & leadership, capstone, ethics and electives. The business curriculum is listed here. The science courses for the Industrial Mathematics concentration are given below.

Click here to see the Business Course Requirements

The Industrial Mathematics concentration consists of 6 required core courses and 2 electives.

Core Courses
56:645:556  Visualizing Mathematics by Computer (3)
56:645:560 Industrial Mathematics (3)
56:645:562 Mathematical Modeling  (3)
56:645:563 Statistical Reasoning OR 56:645:565 Statistical Modeling (3)
56:645:571 Computational Mathematics I (3)
56:645:572 Computational Mathematics II (3)

Electives (click here)

Admission Requirements:
It is strongly recommended that the prospective student complete, by the date of enrollment in the graduate program, a Bachelor’s degree with a major in mathematics or a related field with a GPA greater than 3.0. The department requires transcripts of all undergraduate work, two letters of recommendation, and results of the Graduate Record Examination (GRE). Applicants for the industrial applied mathematics concentration must submit a statement indicating that they are proficient in at least one of the following programming languages: Fortran, C, C++, or an equivalent. Students concerned about their preparation should contact the concentration coordinator.

Course Descriptions (click here)

Concentration Coordinators:
Dr. Haydee Herrera
haydeeh@camden.rutgers.edu

Dr. Joseph Gerver
gerver@camden.rutgers.edu

*SIAM: (http://www.siam.org/about/more/whatis.php)

Related Concentrations: Statistics and Biostatistics, Actuarial Science

The MBS (Master of Business & Science) is a Professional Science Master's Degree combining graduate  science courses (MS level) in a particular concentration with courses in business.