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Is Studying a Chemistry Major Worth It?
Jul 9, 2024
Lecture: Is Studying a Chemistry Major Worth It?
Introduction
Content Overview
: Personal finance, college degrees, careers, and opportunities for success. Also covers avoiding common financial traps.
Call to Action
: Like, subscribe, and ring notification bell.
Main Topic: Is a Chemistry Degree Worth It?
Definition of Chemistry Degree
Study of matter, its different forms, and transformations.
Includes lab work and mathematics.
Around 14,000 graduates with a bachelor's in chemistry yearly.
Science Degrees Perception
Science degrees considered overrated compared to STEM by the speaker.
Common belief: Any STEM degree guarantees a job, but reality is different.
Many science degree holders need a master's or doctorate.
Financial impact: Avg. $40,000 debt for a degree that doesn’t guarantee a job.
Four Sections
Salary
Satisfaction
Demand
X Factors
Salary
Starting Salary
: ~$49,000/year within first 5 years.
Mid-career Salary
: ~$93,000/year.
Chemist Salary
: ~$78,000/year.
Comparison
: Petroleum engineering (high-paying) vs recreational therapy (low-paying).
Chemistry is above average salary-wise, 7/10 rating.
Satisfaction
Meaning
: Career’s positive impact on the world, Chemistry ~55%.
Comparison
: Radiation therapy (91%), plastics engineering (31%).
Job Satisfaction
: Materials scientists ~67%.
Regret
: 35% science degree holders regret their choice.
Chemistry Satisfaction
: Relatively satisfied, 7.5/10 rating.
Demand
Job Growth
: Chemist (5% over 10 years), Material Scientist (3%).
Job Listings
: 600 jobs for Chemistry degree, compared to 141,000 for Computer Science and 800 for Anthropology.
Demand Rating
: 6.5/10.
X Factors
Lifetime Earnings
: $2.6 million, above the average of $2.4 million.
Management Role Earnings
: $3.4 million over a lifetime.
Skills Valuation
: Chemistry skill rated 56/100 on ZipRecruiter's index.
Automation Risk
: Low, ~10% chance of automation for chemists.
Degree Difficulty
: High, but not as hard as engineering or mathematics.
Flexibility
: Low, less combinability with other degrees, and narrow skill sets.
Score
: 6.875/10 overall rating for Chemistry degree.
Advice
: Do thorough research, learn extra skills, do internships, and network extensively.
Final Recommendations
Contact professionals in desired career paths for advice.
Check out the creator's other content for more guidance on college degrees and career paths.
Closing Remarks
Like, subscribe, comment, share, and explore more videos on the channel.
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Full transcript