Management Science Major Guide: Overview and RoEDU™ Opportunities 2025

The Management Science major builds core foundations in this discipline and prepares students with practical, career-relevant skills. Use RoEDU™ to find programs that match your goals.

Within Mathematics, students often explore key subfields and specializations that provide targeted expertise.

Graduates translate classroom knowledge into real-world impact across sectors through hands-on projects and internships.

As part of Mathematics, this major connects to diverse, high-demand fields and interdisciplinary pathways.

Salary Outlook

Entry-level salary
$90,307

Typical starting pay soon after graduation.

Mid-career salary (10y)
$115,625

Estimated after a decade of experience.

Experienced salary (20y)
$125,834

Seasoned professionals at ~20 years.

Weighted median over last 5 years
CAGR 0.8%

CAGR (compound annual growth rate) summarizes average yearly change across the observed period.

Estimated lifetime earnings

40 years, present value
$2,465,558

Employment-weighted across mapped SOCs; entry ≈ 85% of median; historical CAGR shown for last 5y; projections capped at 3% CAGR; lifetime is 40-year present value at 3% discount.

Career Opportunities & Salaries

Data from Bureau of Labor Statistics (2024) • Median wages, employment, and growth projections

OccupationMedian WageTotal JobsGrowth RateEducation
Business Teachers, Postsecondary
SOC: 25-1011
Occupation: Business Teachers, Postsecondary
$97,270
81,780
N/A
N/A
Management Analysts
SOC: 13-1111
Occupation: Management Analysts
$101,190
893,900
N/A
N/A
Insurance Underwriters
SOC: 13-2053
Occupation: Insurance Underwriters
$79,880
107,820
N/A
N/A
Financial Risk Specialists
SOC: 13-2054
Occupation: Financial Risk Specialists
$106,000
56,320
N/A
N/A
Actuaries
SOC: 15-2011
Occupation: Actuaries
$125,770
28,340
N/A
N/A
Operations Research Analysts
SOC: 15-2031
Occupation: Operations Research Analysts
$91,290
107,760
N/A
N/A

Historical Career Trends (2020-2024)

Historical data from Bureau of Labor Statistics (2020-2024) • Salary trends and employment growth over 5 years

Business Teachers, Postsecondary

10.5%
5-Year Growth
YearMedian WageEmployment
2024$97,27081,780
2023$97,13082,980
2022$88,79078,410
2021$94,36079,640
2020$88,01079,810

Management Analysts

15.4%
5-Year Growth
YearMedian WageEmployment
2024$101,190893,900
2023$99,410838,140
2022$95,290808,860
2021$93,000768,450
2020$87,660734,000

Insurance Underwriters

11.3%
5-Year Growth
YearMedian WageEmployment
2024$79,880107,820
2023$77,860101,310
2022$76,230105,900
2021$76,390107,690
2020$71,790101,790

Financial Risk Specialists

6.0%
5-Year Growth
YearMedian WageEmployment
2024$106,00056,320
2023$106,09055,290
2022$102,12055,800
2021$100,00054,320

Actuaries

13.3%
5-Year Growth
YearMedian WageEmployment
2024$125,77028,340
2023$120,00025,470
2022$113,99025,010
2021$105,90023,040
2020$111,03022,480

Operations Research Analysts

5.9%
5-Year Growth
YearMedian WageEmployment
2024$91,290107,760
2023$83,640117,880
2022$85,720105,080
2021$82,36098,700
2020$86,20096,220

Statisticians

12.0%
5-Year Growth
YearMedian WageEmployment
2024$103,30029,800
2023$104,11029,950
2022$98,92030,780
2021$95,57031,370
2020$92,27038,860

Data Scientists

11.6%
5-Year Growth
YearMedian WageEmployment
2024$112,590233,440
2023$108,020192,710
2022$103,500159,630
2021$100,910105,980

Survey Researchers

5.9%
5-Year Growth
YearMedian WageEmployment
2024$63,3807,720
2023$60,9608,190
2022$60,4107,880
2021$59,7408,850
2020$59,87010,350

Chief Executives

11.0%
5-Year Growth
YearMedian WageEmployment
2024$206,420211,850
2023$206,680211,230
2022$189,520199,240
2021$179,520200,480
2020$185,950202,360

Colleges offering Management Science

Florida Institute of Technology

RoEdu™

999

Net Price

$37k

Earnings

$71k

University of Florida

RoEdu™

999

Net Price

$12k

Earnings

$63k

George Washington University

RoEdu™

999

Net Price

$46k

Earnings

$78k

Georgetown University

RoEdu™

999

Net Price

$38k

Earnings

$89k

University of Southern California

RoEdu™

999

Net Price

$42k

Earnings

$78k