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Maths and money careers

Maths and money careers

Working with currencies is getting more interesting thanks to the world of crypto

In the dynamic world of finance, where numbers reign supreme and data drives decisions, careers at the intersection of maths, data analysis and money management are totally bankable!

From pioneering the latest trends in cryptocurrency to navigating the complexities of futures and currency trading, graduates equipped with money smarts are shaping the future of global financial markets.

New technology is also creating new types of currencies, leading to new careers working with money, be it real or virtual. 

Imagine a career where maths skills meet financial expertise, using data analysis to help people and companies manage their money.

Whether you’re analysing cryptocurrency trends, trading futures or developing new payment methods, the possibilities are as vast as the financial markets themselves.

RELATED: Find your STEM + finance career

Diverse maths and money careers

Cryptocurrency analyst: Dive into the world of digital assets, analysing blockchain data and market trends to inform investment strategies and risk management. 

Futures trader: Navigate the fast-paced world of futures markets, utilising mathematical models and data analysis to forecast price movements and execute trades across commodities, indices and currencies.

Currency strategist: Explore the intricacies of global currency markets, employing mathematical models and AI algorithms to forecast exchange rate movements and develop hedging strategies for multinational corporations and financial institutions. 

Quantitative analyst: Harness the power of mathematical modelling and data analytics to develop proprietary trading strategies and quantitative investment models. 

Financial data scientist: Leverage advanced statistical techniques and machine learning algorithms to extract actionable insights from financial data, driving innovation and competitive advantage in the financial services industry. 

RELATED: STEM + finance career role models

Currencies explained

Fiat currency

This is money usually issued by a country’s central bank or government. In Australia, that means Australian dollars and cents.

Virtual currency 

A type of digital currency that can be controlled by a single entity or a network of users. Closed virtual currencies, like Fortnite V-Bucks or frequent flyer points, are limited to set communities and can’t be exchanged for other currencies. Open virtual currencies, like PayPal, can be converted to other currencies.

Cryptocurrency

Created and stored on the blockchain and secured using cryptography, this is a type of digital token. Examples include Bitcoin and Ethereum. Unlike traditional money, cryptocurrencies are not regulated by a central bank, and they also tend to fluctuate pretty wildly. 

Central Bank Digital Currency (CBDC)

CBDCs are digital forms of the physical money issued by countries’ central banks. They function similarly to cryptocurrencies but their value is fixed by the central bank, equivalent to the country’s fiat currency. The main difference is that CBDCs do not need to be connected to a traditional bank account for use, which allows for faster transactions between individuals.

Did you know?

31% of Australian investors aged 18-24 had investments in cryptocurrency in 2023!

Start your career here

Maths & Data + Money + Study

  • Bachelor of Business (Blockchain Enabled Business), RMIT
  • Bachelor of Applied Finance, Macquarie University
  • Bachelor of Business (Finance), QUT
  • Bachelor of Finance, Economics and Statistics, ANU
  • Bachelor of Science (Financial Mathematics), Curtin University

Maths & Data + Money + Jobs

  • Cryptocurrency analyst: $70K–$150K
  • Futures trader: $80K–$160K
  • Currency strategist: $90K–$180K
  • Quantitative analyst: $80K–$160K
  • Financial data scientist: $90K–$170K

Salaries sourced from payscale.com and Indeed.com

This article originally appeared in Careers with STEM: Maths & Data 2024.

For more insights, subscribe to the Careers with STEM e-newsletter.

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