Graduate school could serve the role of a holding pattern for you to figure out what it is you actually want to do. I think it's possible to become a quant or an actuary with a MSF or other master's degree.
Will they for a Masters in mathematics? Nearly everyone knows that a Masters in math means "I quit or failed out of my PhD program". This generally doesn't reflect well on you.
If it's worth saying, but not worth its own post (even in Discussion), then it goes here.
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