Applied mathemics career prospects - Msc enough?

[Heremita]

Greetings.

Looking for advice and information concerning the job prospects for a person holding a masters degree in applied mathematics - how good are they, and how much more opportunities would a PHD provide?

How many graduates overall continue on to receive their phds?

How do private employers value this degree in relation to each other? Note, that I am not particularly interested in a academic career. My personal interests lie in the field of engineering.

Basically is there a place in the job market for a masters degree holder?

Thank you.

 

[InternetHuman]

Basically is there a place in the job market for a masters degree holder?

Actuarial science, mathematical finance or technical computing/industrial mathematician. Actually you can do much more with a math degree as well, as long as the employer appreciates a "problem-solver".

If your interests lie in engineering, then you should study engineering or seek for a position in an engineering design firm. Although good mathematics skills are useful, you'll need domain knowledge and practice in engineering.

How many graduates overall continue on to receive their phds?

Those who are interested in research and/or university level teaching in mathematics. Math PhD is quite tough, because of the high level of mathematical knowledge needed to contribute to research.