Most Affordable Online Master's in Mathematics Degree Programs for 2025
Co-Founder and Chief Data Scientist
Professionals in the field of mathematics aiming to advance their careers can expect abundant career opportunities in the United States (US). For instance, employment for mathematicians and statisticians across the country is expected to grow by 11% between 2023 and 2033. Moreover, actuaries and data scientists in the US can expect a much faster job growth rate, with 22% and 36% respectively, over the same decade [US Bureau of Labor Statistics (BLS), 2025].
Furthering your education and training, such as going through an online master’s in mathematics degree program, can help you advance your career. To help you get started, I created this comprehensive guide, where you can explore available degree programs from reputable academic institutions, tuition rates, financial aid options, career paths, and income potential.
What are the benefits of getting an online master’s in mathematics degree?
- An online master’s in mathematics degree can help you land a job as a mathematician, statistician, data scientist, actuary, or operations research analyst.
- In 2024, mathematicians employed in the US had a median annual wage of $121,680 (US BLS, 2025).
- Earning a master’s degree in mathematics online provides students with convenience and flexibility. It enables them to balance studies with work or personal commitments while gaining advanced mathematical skills. Online programs may also provide access to quality education from accredited academic institutions without the need to relocate.
What can I expect from online master’s in mathematics degree programs?
Students enrolling in an online master’s in mathematics program can expect a rigorous and flexible learning experience designed to deepen their understanding of advanced mathematical theories and applications. These programs usually cover key subjects, such as real analysis, abstract algebra, statistics, and applied mathematics. Coursework is delivered through interactive platforms, including video lectures, discussion forums, and virtual office hours with faculty.
Many programs also incorporate research projects or capstone experiences to develop problem-solving and analytical skills relevant to industry or academia. Students can study at their own pace, which makes it easier to balance education with work or personal responsibilities. Moreover, online programs often offer access to the same faculty and resources as their on-campus counterparts, which ensures a high-quality education.
Where can I work with an online master’s in mathematics degree?
In 2023, around 2,500 mathematicians were employed in the US, and the following industries held the largest shares of these professionals (US BLS, 2025):
- Federal Government: 49%
- Professional, Scientific, and Technical Services: 17%
- Colleges, Universities, and Professional Schools (State): 17%
- Aerospace Product and Parts Manufacturing: 4%
- Miscellaneous Manufacturing: 3%
Meanwhile, 32,400 statisticians worked across the country in the same year, with the following industries being the largest employers of these professionals (US BLS, 2025):
- Federal Government: 16%
- Research and Development in the Physical, Engineering, and Life Sciences: 16%
- Healthcare and Social Assistance: 7%
- Computer Systems Design and Related Services: 6%
- Colleges, Universities, and Professional Schools (State): 6%
Moreover, 202,900 data scientists were employed in the US in 2023, with the following industries holding the largest shares of these professionals (US BLS, 2025):
- Computer Systems Design and Related Services: 11%
- Insurance Carriers and Related Activities: 10%
- Management of Companies and Enterprises: 9%
- Management, Scientific, and Technical Consulting Services: 6%
- Scientific Research and Development Services: 5%
How much can I make with an online master’s in mathematics degree?
Professionals with an online master’s in mathematics degree can venture into profitable roles across various industries. According to 2025 data from the US BLS, the 2024 median annual wages for key roles in the field of mathematics include the following:
- Mathematician: $121,680
- Statistician: $103,300
- Data Scientist: $112,590
- Actuary: $125,770
- Operations Research Analyst: $91,290
These figures highlight the strong earning potential for graduates, particularly in finance, technology, government, education, and research, among other related industries. An online degree can offer the same qualifications as traditional programs, which enables professionals to advance in high-demand, well-compensated roles.
Table of Contents
- List of Online Master's in Mathematics Degree Programs for 2025
- How long does it take to complete an online master’s in mathematics degree program?
- How does an online master’s in mathematics degree program compare to an on-campus program?
- What is the average cost of an online master’s in mathematics degree program?
- What are the financial aid options for students enrolling in an online master’s in mathematics degree program?
- What are the prerequisites for enrolling in an online master’s in mathematics degree program?
- What courses are typically in an online master’s in mathematics degree program?
- What accreditation and quality standards should you look for in an online master’s in mathematics degree program?
- What technology and support services boost success in online master’s in mathematics programs?
- How does the affordability of online master’s in mathematics compare to other advanced degree programs?
- What types of specializations are available in online master’s in mathematics degree programs?
- How do you choose the best online master’s in mathematics degree program?
- What career paths are available to graduates of online master’s in mathematics degree programs?
- What is the job market like for graduates of online master’s in mathematics degree programs?
- Other Things You Need to Know about Online Master's in Mathematics Degree Programs
List of Online Master's in Mathematics Degree Programs for 2025
To help you succeed in your career in mathematics, I created a list of reputable degree programs offered by accredited academic institutions across the US. The list is based on the research methodology that my team and I established. We collected and analyzed recent data from the IPEDS database, Peterson's database, the College Scorecard database, and the National Center for Education Statistics.
1. Sam Houston State University
Sam Houston State University offers an on-campus and online master’s in mathematics program. It is a non-thesis degree program designed for individuals aiming to teach math at the high school level or the community college level, as well as those aiming to pursue a doctorate in mathematics education. The program requires students to finish core mathematics courses, elective courses, a directed reading and research course, an oral comprehensive examination, and a 12-hour minor in an approved field.
- Program Length: 2 years
- Areas of Specialization: Contact the university for more information on areas of specialization.
- Cost per Credit (2026–2027): $636.60 (Resident); $1,041.60 (Non-resident)
- Required Credits to Graduate: 36 credits
- Accreditation: Southern Association of Colleges and Schools Commission on Colleges (SACSCOC)
2. Emporia State University
Emporia State University offers on-campus and online master’s in mathematics programs through its School of Science and Mathematics. Specializations include applied mathematics, statistics, and algebra. Notably, the university also provides scholarships to a select number of online and on-campus graduate students based on academic performance in the program.
- Program Length: 2 years
- Areas of Specialization: Applied Mathematics, Statistics, Algebra, Analysis
- Cost per Credit (2024): $184.73 (Resident); $277.10 (Non-resident)
- Required Credits to Graduate: 32 to 34 credits
- Accreditation: Higher Learning Commission (HLC)
3. Indiana University-East
Indiana University-East offers an online master of arts for teachers (MAT) in mathematics program. The program includes courses in education and mathematics and is designed for individuals aiming to become a dual-credit instructor in high school or community college. The education component of the curriculum covers instruction and curriculum, assessment, as well as research. Meanwhile, the mathematics portion may cover different areas, including algebra, analysis applications, as well as topology and geometry.
- Program Length: 2 years
- Areas of Specialization: Algebra, Analysis, Topology and Geometry, Differential Equations and Applications, and Probability and Statistics
- Cost per Credit (2024–2025): $342.42 (Resident); $814.53 (Non-resident)
- Required Credits to Graduate: 30 credits
- Accreditation: HLC
4. University of North Alabama
The University of North Alabama offers an online master of science (MS) in mathematics. The program aims to equip individuals aspiring to advance in teaching, in related professions, and in preparation for PhD programs. Coursework includes foundations of advanced mathematics, advanced calculus, and group theory.
- Program Length: 2 years
- Areas of Specialization: Contact the university for more information on areas of specialization.
- Cost per Credit: $495
- Required Credits to Graduate: 30 credits
- Accreditation: Southern Association of Colleges and Schools Commission on Colleges (SACSCOC)
5. Western Governors University
Western Governors University offers four online master’s in mathematics and education programs. Depending on the area of specialization, aspiring educators enrolled in these programs are taught to help equip students with skills in the field of mathematics from K-6 to secondary school.
- Program Length: More or less 2 years
- Areas of Specialization: Secondary Mathematics; Teaching Secondary Mathematics; K-6 Mathematics; Middle Grades Mathematics
- Cost per Term: $4,125
- Required Credits to Graduate: Contact the university for information on credit requirements.
- Accreditation: Northwest Commission on Colleges and Universities (NWCCU)
How long does it take to complete an online master’s in mathematics degree program?
An online master’s in mathematics degree usually takes about 1.5 to 2 years to complete for full-time students. Part-time students, who may be balancing work or personal responsibilities, often take 2.5 to 3 years to finish the program. Programs generally require 30 to 36 credit hours, but exact requirements can vary by academic institution.
The flexibility of online learning enables students to progress at their own pace, which can either accelerate or extend the timeline depending on individual circumstances. Some universities also offer accelerated tracks that can be completed in 1 to 1.5 years. While coursework is usually asynchronous, which allows students to study on their own schedule, some programs may include synchronous components, capstone projects, or comprehensive exams.
Overall, the length of an online master’s in mathematics depends on course load, program structure, and whether the student chooses a thesis or non-thesis option.
How does an online master’s in mathematics degree program compare to an on-campus program?
On-campus and online master’s in mathematics degree programs often share the same curriculum and faculty. Notably, the following are some of the key differences that can impact the student experience:
- Flexibility: Online programs usually offer asynchronous classes, allowing students to study at their own pace and schedule. In contrast, on-campus programs follow a fixed timetable, which may require full-time attendance. This flexibility can be particularly beneficial for busy professionals, much like those who pursue affordable online MSN in care coordination programs to balance their careers with advanced studies in nursing.
- Interaction: On-campus students benefit from in-person collaboration, face-to-face mentorship, and immediate access to faculty. Online learners rely on virtual communication tools, such as discussion boards, video calls, and email, which may limit academic interaction.
- Campus Resources: While online students may access digital libraries and support services, on-campus students often have more direct access to research labs, tutoring centers, and networking events. This can enhance opportunities for hands-on learning and professional development.
What is the average cost of an online master’s in mathematics degree program?
The cost of an online master’s degree in mathematics depends on the academic institution. Public universities often offer lower tuition rates, especially for in-state students, while private institutions may charge higher fees.
Several factors influence the total cost of a program, including school type, program duration, the student’s residency status, and the student’s enrollment status. Additional expenses may include technology fees, textbooks, software licenses, and graduation fees. Some programs may also charge a premium for accelerated or specialized tracks. Financial aid options, such as scholarships and employer tuition assistance, can help offset costs.
While online programs eliminate commuting and housing expenses, students should still budget for reliable internet access and a suitable study environment. It is important to compare program costs alongside accreditation, faculty quality, and career support services to assess overall value.
This diligent approach to evaluating programs is similar for those in the nursing field seeking to advance their careers, where researching affordable online master's in clinical nurse leadership programs is crucial for finding a cost-effective and high-quality education.
The chart below provides a visualization of the cost per credit of online master’s in mathematics programs in the US, according to current tuition data from the featured academic institutions.
What are the financial aid options for students enrolling in an online master’s in mathematics degree program?
Students pursuing an online master's degree in mathematics have access to several financial aid opportunities, including scholarships that support STEM education and promote diversity in the field.
- National Defense Science & Engineering Graduate (NDSEG) Fellowship: Funded by the US Department of Defense, this fellowship supports US citizens pursuing graduate-level degrees in science and engineering disciplines. It covers full tuition and provides a $43,200 annual stipend as well as travel allowances.
- SBB Research Group STEM Scholarship: This scholarship awards $2,500 to students pursuing degrees in STEM fields. Applicants must have a minimum GPA of 3.5 and submit a 500-word essay detailing their key experiences in STEM and how they plan to apply STEM principles for the betterment of the world.
- Women in Finance Scholarship: This scholarship aims to support women pursuing graduate studies in finance. Eligible applicants must be enrolled full-time in a master's or PhD program in finance, have fewer than 10 years of total work experience, and fewer than 5 years of work experience in the field of finance. It is especially helpful for those comparing costs or searching for the cheapest online finance degree to reduce student debt while advancing their careers.
What are the prerequisites for enrolling in an online master’s in mathematics degree program?
To enroll in an online master’s in mathematics degree program, students must usually meet several academic and technical prerequisites. Common requirements include the following:
- Bachelor’s Degree in Mathematics or a Related Field: Most programs require applicants to hold a bachelor’s degree in mathematics, statistics, engineering, or a closely related discipline to ensure they have a strong foundational understanding of advanced math concepts. This is similar to many specialized master's programs in healthcare, where a relevant undergraduate degree is a key prerequisite for pursuing something like an affordable online master's in health systems management.
- Undergraduate Coursework in Key Areas: Applicants are often expected to have completed specific coursework, such as calculus, linear algebra, differential equations, and real analysis. This demonstrates their readiness for graduate-level material.
- Minimum GPA Requirement: Many programs set a minimum undergraduate GPA, often around 3.0 on a 4.0 scale. This ensures candidates have demonstrated consistent academic performance.
What courses are typically in an online master’s in mathematics degree program?
Online master’s in mathematics degree programs offer a curriculum designed to deepen theoretical understanding and enhance practical application. Common courses include the following:
- Real Analysis: This course explores the rigorous foundations of calculus, focusing on sequences, limits, continuity, and integration. It strengthens students’ ability to reason abstractly and construct formal mathematical proofs.
- Abstract Algebra: Students learn about algebraic structures, such as groups, rings, and fields. These are essential for understanding symmetry, number theory, and advanced problem-solving techniques in both pure and applied mathematics.
- Numerical Methods: This course covers algorithms for solving mathematical problems numerically, including techniques for root finding, numerical integration, and solving differential equations. It is particularly useful for students pursuing careers in scientific computing or engineering.
Even outside the math field, many students ask, “Is math required for psychology major?” While not as advanced, foundational math and statistics are indeed essential in psychology, highlighting the subject’s broad applicability.
What accreditation and quality standards should you look for in an online master’s in mathematics degree program?
When evaluating an online master’s in mathematics degree program, verifying accreditation and quality standards is vital. Ensure the institution holds regional or national accreditation from recognized bodies, as this confirms adherence to rigorous academic and operational benchmarks. In addition, assess program-specific features such as qualified faculty credentials, robust student support services, and transparent curriculum design. These factors not only impact academic quality but also enhance career readiness and recognition in the job market. For those seeking additional guidance on balancing quality with cost-effectiveness, consider exploring the cheapest Ed.D. online program.
What technology and support services boost success in online master’s in mathematics programs?
Online master’s in mathematics programs rely on robust technology platforms and dedicated support services to ensure an engaging and effective learning environment. Advanced learning management systems facilitate interactive coursework, seamless access to research libraries, and real‐time communication with faculty and peers. In addition, institutions provide academic advising, technical help desks, and tutoring resources that help maintain academic rigor and student success. Some programs also integrate dedicated career counseling and mentoring services, which can be especially beneficial for those transitioning into roles such as online master's programs for teachers.
How does the affordability of online master’s in mathematics compare to other advanced degree programs?
When assessing affordability, online master’s in mathematics programs present a distinct balance between tuition rates, program duration, and potential return on investment. Price variations depend on factors such as institution type, residency status, and additional fees like technology or resource charges. In comparison, certain advanced degrees—especially doctoral programs—can require longer time commitments and overall higher expenses. Evaluating these factors alongside prospective earnings and career growth is essential to determine the best investment for your future. For an alternative perspective on cost-effectiveness across advanced degrees, consider the cheapest online doctor of education programs.
What types of specializations are available in online master’s in mathematics degree programs?
Online master’s in mathematics degree programs often offer specializations that enable students to align their studies with specific career goals or areas of interest. Common specializations include the following:
- Applied Mathematics: This specialization focuses on using mathematical methods to solve real-world problems in science, engineering, and industry. Students learn to develop and apply models to practical challenges, such as fluid dynamics or signal processing, which are skills that are highly relevant to various engineering career paths.
- Statistics: Designed for those interested in data analysis and interpretation, this track covers probability theory, statistical inference, regression, and experimental design. It prepares graduates for roles in data science, healthcare analytics, and government research.
- Mathematics Education: Ideal for current or aspiring teachers, this specialization emphasizes curriculum development, teaching strategies, and mathematical pedagogy. It equips educators with advanced content knowledge and instructional techniques for secondary or postsecondary classrooms.
How do you choose the best online master’s in mathematics degree program?
Choosing the best online master’s in mathematics involves careful consideration of several key factors to ensure that the program aligns with academic and career goals. Important criteria include the following:
- Accreditation: Students should verify that the academic institution is regionally accredited, which ensures academic quality and can affect credit transferability, financial aid eligibility, and employer recognition. This is a crucial step for any advanced degree, including specialized nursing programs like affordable nurse midwifery MSN degree programs online, as accreditation signifies the program meets rigorous educational standards.
- Curriculum and Specializations: Reviewing the course offerings and available specializations helps determine if the program supports the student’s interests, preferences, and academic goals.
- Faculty Expertise and Support Services: Programs with experienced faculty in relevant research areas and strong academic support, such as tutoring, advising, and career counseling, can enhance the learning experience and provide valuable professional guidance.
What career paths are available to graduates of online master’s in mathematics degree programs?
Graduates of online master’s in mathematics programs have access to diverse and well-paying career paths across industries. Common roles include the following:
- Mathematician: Mathematicians work in academia, government, or research institutions. They use advanced mathematical theories to solve complex problems and contribute to scientific and technological advancements.
- Statistician: Statisticians analyze data to identify trends and inform decision-making in diverse fields, including healthcare, public policy, and business. They often use statistical software and predictive models.
- Data Scientist: Data scientists apply mathematical, statistical, and programming skills to analyze large datasets, uncover insights, and support strategic decisions in different industries, such as tech, finance, and retail. Many aspiring professionals in this field also explore how to become a machine learning engineer, since both roles share overlapping skills in data analysis, programming, and model development.
- Actuary: Actuaries use mathematics, statistics, and financial theory to assess risk and uncertainty, primarily for insurance companies, pension funds, and financial services.
- Operations Research Analyst: Operations research analysts employ mathematical modeling and optimization techniques to help organizations improve efficiency, reduce costs, and streamline operations.
Those interested in teaching should also consider the question: What certification do you need to teach math? Certification requirements vary by state, but usually include a teaching license and completion of a teacher preparation program in addition to a mathematics degree.
The chart below provides a visualization of the 2024 median annual wages of roles in the field of mathematics, according to 2025 data from the US BLS.
What is the job market like for graduates of online master’s in mathematics degree programs?
Graduates of online master's degree programs in mathematics are entering a job market with strong growth across several analytical and technical roles. Employment for data scientists is projected to grow by 36% from 2023 to 2033, with approximately 20,800 job openings each year. Actuaries are expected to see a 22% growth rate, translating to about 2,200 job openings annually (US BLS, 2025).
Moreover, operations research analysts have a projected growth of 23%, with around 11,300 job openings per year. Statisticians are anticipated to experience a 12% growth rate, contributing to the overall 11% growth projected for mathematicians and statisticians combined, equating to about 2,500 openings annually (US BLS, 2025).
These trends indicate a high demand for professionals with advanced mathematical skills, particularly in data-driven and analytical roles. Moreover, for those exploring reasons to become a teacher, the strong foundation in mathematics gained through such programs can open pathways into impactful educational careers.
Other Things You Need to Know about Online Master's in Mathematics Degree Programs
Is a master’s degree in mathematics worth it?
A master’s degree in mathematics is worth it for those seeking advanced careers in academia, data science, finance, or research. It deepens analytical and problem-solving skills, opens doors to higher-paying roles, and offers personal fulfillment through intellectual challenge and specialized expertise.
Which job is the best for holders of a master of science (MS) degree in mathematics?
One of the best jobs for holders of an MS in mathematics is data scientist, which combines statistical analysis, programming, and problem-solving. Other strong options include operations research analyst, quantitative analyst, and actuary, which are roles that leverage advanced math skills for high-impact, well-compensated work across industries. Notably, data scientists employed in the US had a 2024 median annual wage of $112,590 (US BLS, 2025).
What is the highest degree in mathematics?
The highest degree in mathematics is a Doctor of Philosophy (PhD) in Mathematics. This advanced research-focused degree involves original contributions to the field, culminating in a dissertation. It prepares graduates for academic, research, and high-level industry roles that require deep mathematical expertise and independent problem-solving skills.
What math skills are most in demand?
The most in-demand math skills include statistical analysis, data modeling, linear algebra, and calculus, particularly for roles in data science, finance, and engineering. Proficiency in using mathematical software and strong problem-solving abilities are also highly valued across many industries.
References
- Ma, J., Pender, M., & Oster, M. (2024). Trends in College Pricing and Student Aid 2024. College Board. https://research.collegeboard.org/media/pdf/Trends-in-College-Pricing-and-Student-Aid-2024-ADA.pdf
- National Center for Education Statistics. (2024, May). Graduate Degree Fields. Condition of Education. US Department of Education, Institute of Education Sciences. https://nces.ed.gov/programs/coe/indicator/ctb/graduate-degree-fields#suggested-citation
- US Bureau of Labor Statistics. (2025, April 18). Actuaries. Occupational Outlook Handbook. https://www.bls.gov/ooh/math/actuaries.htm
- US Bureau of Labor Statistics. (2025, April 18). Data Scientists. Occupational Outlook Handbook. https://www.bls.gov/ooh/math/data-scientists.htm
- US Bureau of Labor Statistics. (2025, April 18). Mathematicians and Statisticians. Occupational Outlook Handbook. https://www.bls.gov/ooh/math/mathematicians-and-statisticians.htm
- US Bureau of Labor Statistics. (2025, April 18). Operations Research Analysts. Occupational Outlook Handbook. https://www.bls.gov/ooh/math/operations-research-analysts.htm
