Why Graduate School?
Graduate Earning Potential Starting salaries for BS, MS and PhD degrees in mathematics vary, as do the size of yearly raises rates of employment after graduation. Here we graph average earning potential for mathematicians in the Mountain West, projected after graduation with a BS. Salaries for statisticians are typically higher, starting at $60,000 for Masters degrees and $80,000 for PhDs (source: American Statistical Association, 2005). Initial salaries for MS and PhD include TA support during graduate school. Source: US Bureau of Labor Statistics, June 2005.