>>14273368You get a masters if you want to work. You get a PhD if you want to study.
I would never get a masters in pure math, but applied math masters are pretty common at large stem organizations. PhDs are a little less common, unless they're application/statistics focused.
At my organization, which is majority engineers, there are ~70 or so math degree holders. The majority of them have masters in either statistics, data science, operations research, computational math, or some other flavor of applied math. A few of them have PhDs, but since our work isn't really heavy research focused, it doesn't really do them much.
Basically, get a masters if you like and want to work on applied math problems for research or engineering firms. Most engineers are not very good at applied math that aren't differential equations. They don't really understand model fitting or statistics or probability. They also tend to make things too specific and have trouble with generalized problems (which pop up a lot when you're implementing a system or trying to model system performance).
t. DoD Mathematician with a Masters in Applied Math
