Graduate mathematics and statistics programs offer students more choices than they may think. While they can certainly earn a masters degree in mathematics or a masters in statistics, they are not limited to such broad subjects. Students at graduate mathematics and statistics schools can also choose to study in areas such as actuarial science, survey methodology and operations research.

Some graduate mathematics and statistics students decide to enter careers in education and concentrate on teaching math, while others opt to enter quantitative psychology. Graduate mathematics and statistics schools also offer programs in biometrics and biostatistics. Those who would like to study abroad may choose to focus on cultural, population and demographic studies.