During her long life, she had been a member of various national and international committees and was a titular professor of the Corvinus University of Budapest.
Between 1954 and 1984 she studied the theory of finance and national planning models. Between 1984 and 2010 she analyzed the macroeconomics of human life, including pension economics. She was elected to a Fellow of the Econometric Society in 1976, she was vice-president of UN Development Committee between 1978 and 1984, and member between 1995 and 2000; member of European Society for Population Economics Council between 1996 and 1998; member of the Executive Committee of the International Economic Association between 1999 and 2005, vice president of the Hungarian Economic Association between 1995 and 1998, member of the presidency between 1998 and 2005.
Mária Augusztinovics received the Laureate of József Eötvös in 2000, the Great Prize for Sciences of the János Arany Foundation in 2002, the Officer Order of the Hungarian Republic and the highest Hungarian scientific prize Széchenyi Prize in 2010 for her outstanding research in economics in general and the exposition of the social security system in particular.