10 Degrees You Should Study If You Want To Be Rich

Summary

This video script emphasizes the importance of investing in oneself through personal development and education. It outlines the top 10 high-paying degrees, including Sales, Finance, Management Information Systems, Marketing, Architecture, Aviation, Software Engineering, Actuarial Science, Medicine, and Engineering, highlighting the potential earnings and skills required for each career path. The speaker encourages viewers to consider both financial prospects and personal passions when choosing a career.

Takeaways

• 🌟 Personal development is crucial for blossoming into the person you aspire to be and for achieving financial independence.
• 🏢 Employers value qualifications and skills that add value to their companies, often starting with asking about your educational background.
• 💰 Practical skills can be monetized in various ways, from cooking to marketing, depending on the demand and marketability of the skill.
• 📚 Higher education, particularly in certain fields, can lead to higher remuneration and is often sought after for its potential to secure well-paying jobs.
• 📈 A degree in Sales can lead to a career as a sales manager, with a significant impact on a company's profitability and earning potential ranging from $110,000 to $250,000.
• 💼 A Finance degree opens doors to managing an organization's financial health, with roles that include financial reporting and strategy, offering high compensation up to $450,000 a year.
• 🖥️ Management Information Systems degrees are highly relevant in today's tech-driven world, with roles that oversee IT infrastructure and project management, potentially earning up to $400,000 annually.
• 📈 Marketing managers play a pivotal role in driving product and service visibility, with the ability to earn up to $250,000 a year, depending on their strategic and creative skills.
• 🏠 Architecture is a respected and enduring profession, offering the opportunity to design and innovate in the built environment, with potential earnings in the millions for private practices.
• ✈️ Aviation offers a dynamic career as a pilot, with the perks of travel and competitive salaries between $150,000 and $250,000 a year.
• 🤖 Software Engineering is an in-demand field with high growth potential, where developers create and maintain systems, earning between $100,000 and $200,000.
• 🔢 Actuarial Science is for those with a strong aptitude for numbers, using math and statistics to assess financial risks, with a high earning potential of up to $180,000 a year.
• 🩺 Medicine is a high-earning and ever-in-demand profession, with doctors and other health professionals earning over $300,000 a year and contributing significantly to healthcare.
• 🔧 Engineering degrees are versatile and highly valued, with engineers applying scientific principles to solve complex problems across various industries, with senior positions potentially earning up to $400,000.

Q & A

What is considered the best investment one can make according to the video script?

The best investment one can make is in oneself, through personal development.

What is the common requirement companies look for when hiring?

Companies often require a college degree or diploma and seek to know the value and skills a candidate can bring to the company.

What is the range of compensation for a sales manager according to the script?

The compensation for a sales manager ranges from $110,000 to $250,000.

What are the key responsibilities of a sales manager?

Sales managers manage the sales team, set sales goals, create training programs, analyze data, generate budgets, authorize expenditure, and project future sales.

What degree is suggested for a career in finance and what is the potential annual compensation?

A degree in Finance, Financial Management, Economics, or Business Administration with a major in Finance is suggested, with potential annual compensation between $140,000 and $450,000.

What skills are important for a financial manager and what is their role in an organization?

Financial managers need analytical and mathematics skills to analyze financial documents and find errors. They oversee the financial health of an organization, direct investment strategies, and develop long-term financial plans.

What is the significance of a degree in Management Information Systems?

A degree in Management Information Systems is significant as it prepares one to manage and direct computer systems within organizations, ensuring the achievement of organizational goals.

What are the potential earnings for a career in Marketing?

A career in Marketing can potentially earn one up to $250,000 a year.

What skills are necessary for a successful career in marketing?

Strong creative and analytical skills are necessary for a successful career in marketing, along with good organizational and communication skills.

What is the potential income for architects and why are they considered respected professionals?

Architects can earn up to millions of dollars, especially if they run their own private practice. They are respected due to the technical acumen and the scale of design challenges they solve.

What are the earnings for pilots and what benefits do they enjoy in their career?

Pilots earn between $150,000 and $250,000 a year and enjoy benefits such as traveling the world at no cost and wearing nice uniforms.

What is the expected growth rate for careers in software engineering by 2028?

The expected growth rate for careers in software engineering by 2028 is 21%, which is higher than many other career fields.

What is the potential annual income for an Actuary and what skills are important for this career?

An Actuary can earn up to $180,000 a year. Strong math and analytical skills, along with good communication and interpersonal abilities, are important for this career.

Why are medical professionals considered to be among the highest paid and what are the potential earnings?

Medical professionals are among the highest paid due to the demand for healthcare services and the importance of their role in society. They can potentially earn more than $300,000 a year.

What is the earning potential for engineers and what are some of the fields they can specialize in?

Engineers can earn between $70,000 and $400,000 depending on their level, skill, and experience. They can specialize in various fields such as chemical, petroleum, nuclear, computer hardware, and telecommunications engineering.

What advice is given for choosing a career path in the video script?

The advice given is to not only focus on the money but also to consider one's passion and love for what they do, as this can lead to job satisfaction beyond monetary rewards.

Outlines

00:00

💼 Investing in Personal Development for Career Success

This paragraph emphasizes the importance of personal development as the best investment one can make. It discusses the necessity of skills for securing a job and contributing value to a company. The script outlines that various skills can be monetized, but some are more lucrative due to higher demand or complexity. The video promises a list of high-remuneration degrees, starting with Sales, which can lead to a managerial role with significant earnings, highlighting the importance of customer service and relationship-building skills in this field.

05:00

🏦 High-Paying Degrees in Finance and Tech

The second paragraph focuses on degrees that lead to high-paying careers in Finance and Management Information Systems. A Finance degree prepares individuals for roles as financial managers, responsible for an organization's financial health, with potential earnings between $140,000 and $450,000 annually. Management Information Systems degrees are also highlighted, with a projected growth in the field and earnings up to $400,000 a year. The importance of business and technical acumen for success in these fields is underscored.

10:03

🎨 Creative and Analytical Careers in Marketing and Architecture

This paragraph discusses the lucrative nature of careers in Marketing and Architecture. Marketing managers, who are vital for business growth, can earn up to $250,000 a year and require strong creative and analytical skills to drive product and service demand. Architecture, a respected and enduring profession, offers the opportunity to design and manage projects, with the potential for high earnings, especially for those who establish their own practice.

🛫 High-Flying Careers in Aviation and Software Engineering

The fourth paragraph highlights the appeal of careers in Aviation and Software Engineering. Pilots enjoy the perks of travel and high salaries ranging from $150,000 to $250,000 annually. Software Engineering is presented as an in-demand field with a high projected growth rate, offering competitive salaries between $100,000 and $200,000. The paragraph underscores the importance of investigative and problem-solving skills for success in these careers.

🔢 Numbers and Science Drive Lucrative Careers

The final paragraph covers degrees in Actuarial Science, Medicine, and Engineering, which are associated with high earning potential. Actuarial Science is for those proficient in numbers, offering salaries up to $180,000 a year. Medicine is highlighted as a high-paying, ever-in-demand field, with the potential to earn over $300,000 annually. Engineering degrees are noted for their high respect and earning potential, with a range of disciplines available, and the paragraph concludes with advice to consider passion alongside financial rewards.

Keywords

💡Personal development

Personal development refers to the process of improving one's skills, knowledge, and abilities to become the person one aspires to be. In the video, it is the foundation for standing on one's own and achieving success in life. It is linked to the main theme by emphasizing the importance of self-improvement as a pathway to financial independence and career success.

💡College degree

A college degree is a formal academic qualification awarded by a college or university upon completion of a course of study. The script mentions college degrees as prerequisites for many jobs, indicating that they are often necessary to demonstrate the value one can bring to a company, thus relating to the video's theme of financial success through education.

💡Skills

Skills are the abilities and competencies that individuals possess to perform tasks and activities effectively. The video script discusses various skills as assets that can be monetized in the job market, such as cooking, cleaning, and marketing, highlighting the importance of skills in personal development and financial success.

💡Sales

Sales refer to the process of selling products or services to customers. The video script identifies a degree in Sales as a pathway to becoming a sales manager, which is crucial for any business's profitability. It exemplifies how specific skills, such as those in sales, can lead to high remuneration.

💡Financial manager

A financial manager oversees an organization's financial health, directing investment strategies, and developing long-term financial plans. The script positions this role as one that can be accessed with a degree in Finance, emphasizing the high earning potential of individuals in this profession.

💡Management Information Systems

Management Information Systems (MIS) is the study of how people, technology, and organizations use information systems to solve problems. The video script highlights a degree in this field as valuable for managing an organization's computer systems and networks, and it is associated with high remuneration.

💡Marketing managers

Marketing managers are responsible for promoting an organization's products or services to increase sales and profits. The script describes the role as one of the best-paid positions in business, requiring creative and analytical skills to understand market trends and consumer demands.

💡Architecture

Architecture is both the process and the product of planning, designing, and constructing buildings and other physical structures. The video script presents architecture as a respected and high-paying profession that involves solving design challenges and creating innovative solutions.

💡Aviation

Aviation refers to the design, development, production, operation, and use of aircraft, especially commercial airplanes. The script mentions careers in aviation, specifically pilots, as high-paying jobs that offer the opportunity to travel and enjoy scenic views while earning a substantial income.

💡Software Engineering

Software Engineering is the application of engineering principles to software design, development, and maintenance. The video script identifies a degree in this field as leading to a career as a software developer, which is in high demand and offers significant earning potential.

💡Actuarial Science

Actuarial Science is the study of risk and uncertainty, particularly in the insurance and financial industries. The script describes actuaries as professionals who use mathematics and statistics to assess financial costs of risks, with the potential to earn a high salary, especially for those skilled in mathematics.

💡Medicine

Medicine is the practice of the diagnosis, treatment, and prevention of disease. The video script positions a career in medicine as one of the highest paid, with the potential to earn over $300,000 a year, and emphasizes the importance of this profession in maintaining public health.

💡Engineering

Engineering is the application of scientific and mathematical principles to practical problems in various fields, such as chemical, petroleum, nuclear, and computer hardware. The script highlights engineering degrees as being among the highest paying and most revered, with a wide range of applications and earning potentials.

Highlights

The best investment is in personal development, which helps you grow and stand independently.

To secure a job, companies often require a degree or diploma and assess the value you can bring.

Almost any skill can be monetized, from cooking to marketing, depending on market demand.

Certain skills are more lucrative, prompting the pursuit of higher education for valuable skills.

A degree in Sales can lead to a high-paying career as a sales manager, with a salary range of $110,000 to $250,000.

Finance degrees open doors to financial management roles, overseeing an organization's financial health, with potential earnings between $140,000 and $450,000.

Management Information Systems degrees are valuable for IT professionals, with a projected growth of 11% and earnings up to $400,000 a year.

Marketing managers are among the highest paid, with a degree in Marketing potentially leading to $250,000 a year.

Architecture is a respected and well-compensated field, with the potential to earn millions through private practice.

Aviation offers high salaries for pilots, with earnings between $150,000 and $250,000 a year.

Software Engineering degrees are in high demand, with developers earning between $100,000 and $200,000 and a growth rate of 21% by 2028.

Actuarial Science is suitable for those skilled in numbers, with a potential annual salary of up to $180,000.

Medicine is a high-earning profession, with doctors potentially earning over $300,000 a year.

Engineering degrees are versatile and highly paid, with senior engineers potentially earning $400,000.

Career choice should also consider passion alongside monetary gains for job satisfaction.

Transcripts

Everyone knows that the single best investment you can make in this world is in yourself.

Personal development will help you blossom into the person you want to be and it will

help you stand on your own two feet.

At a certain stage in life, we all reach that point where we want to start making money.

But the problem is, you can’t just walk into any random company, and ask them to give

you a job, so you can make money.

Chances are, they’ll first ask you if you have a college degree or diploma, and if you

do they’ll ask you, what value can you bring to the company.

In short, they want to know what skills you have, and how you’ll help them improve their

company.

In the marketplace, just about any skill will make you money.

From cooking, to cleaning, to cutting grass or hair, or to even accounting, or marketing,

whatever skill you have, chances are you can make money with it.

But as we all know, life isn’t fair, and as much as we would all love whatever skills

we have to make us a lot of money, unfortunately, this won’t happen.

Certain skills pay better than others, and that’s why we go to university to learn

these skills.

And so, in today’s video, I’ve gathered for you a list of degrees you should study

in college if you want to be rich.

This list contains degrees that have the highest remuneration in the world.

So make sure you watch till the end for the full list.

Now, let’s begin.

1.

Sales A degree in Business Administration or Sales

Management or Organization Leadership will land you a career as a sales manager.

For any business organization to thrive, you need to make sales.

Being a good sales manager or salesperson makes you the backbone of selling the organization’s

products or services which in turn increases profits.

Sales managers manage the sales team of an organization.

They come up with sales goals, and they create training programs for sales representatives

and analyze data.

They generate budgets, authorize expenditure, analyze sales statistics, and customer demands.

Sales managers project future sales and analyze data on the profitability of services and

products.

Sales managers need several years of sales experience to assume managerial roles.

To be great at sales, you deeply rely on your customer service skills to smoothly interact

with customers and respond to their needs.

Being a people’s person and being able to create and maintain relationships with people

can help you be better in sales.

If this is what you have always wanted to do, you can study this degree and jumpstart

your sales career.

Also, the compensation in this field ranges from $110,000 to $250,000.

If you ask me that’s not bad at all.

2.

Finance A degree in Finance or Financial Management,

or Economics, and even Business administration with a major in Finance will lead you to a

career in finance.

Financial managers oversee the financial health of any organization.

As a finance manager, you come up with financial reports, direct investment strategies, and

develop long-term plans to reach the organization’s financial goals.

Financial managers are in charge of analyzing the organization’s financial reports to

identify where cost reductions can be done and also ensure financial transactions are

meeting the legal requirements.

They supervise employees in charge of financial information and budgets.

Since financial managers report to executives, they help make the financial decisions of

the organization.

To be a good financial manager, you have to rely on your analytical and mathematics skills

to be able to analyze financial documents and find errors in documents.

To thrive in this field, you should also have good communication and organizational skills

to work with executives and oversee junior employees.

This is an amazing degree as the compensation is pretty good too, it ranges between $140,000

and $450,000 a year with this degree.

3.

Management Information Systems Another useful degree is in Management Information

Systems or Information Systems.

You can also get the same from studying Computer Science or Information Technology and majoring

in Information Systems.

Information system managers direct computer systems of organizations to ensure goals are

reached.

They maintain computer hardware and software.

They manage the organization’s network and ascertain the costs and benefits of new projects.

Information system managers oversee other IT professionals like computer system analysts,

software developers, information security analysts among others.

A career in this field has a projected growth of 11% up to 2028.

The remuneration perks associated with this degree can be up to $400,000 a year.

As someone interested in this field, it’s empirical to have the business and technical

acumen to thrive in this field.

Also degrees in the tech field are quite in demand today.

4.

Marketing Marketing managers are one of the best paid

employees in most organizations.

You can earn as much as $250,000 a year depending on where you are working.

Marketing is such a significant organ in any business organization.

People have to know your services and products to buy them.

Marketers are curators of making sure an organization’s products and services explode in the market.

Marketing managers prepare product and service demands and help organizations increase profits.

They come up with pricing approaches that are based on their research and analysis on

customer satisfaction and demand for products or services.

Marketing managers have to monitor and keep up with trends, and recognize opportunities

for generating new services or products.

They also oversee marketing staff and work together with advertisers, art directors,

and other managers.

To be good at marketing you must have strong creative and analytics skills to readily analyze

the industry trends and come up with new ideas responding to data collected and analyzed.

You must also have good organizational and communication skills to be great at this job.

With the internet age, marketing has taken many forms and these trends keep on changing.

One has to be wary of everything new and be innovative to make your product or service

be known in the world.

To be in the marketing field, you can take up a degree in Marketing, or Marketing management,

or Business administration with a major in Marketing.

5.

Architecture Architecture is an old vocation that still

has great significance in today’s world.

People dream of building their own homes and you can actually do this for yourself and

others in this career.

You'll get to solve many design challenges of different scales and in different parts

of the world.

It’s one of the most respected degrees considering the hours and work people actually put in.

Architects direct and oversee activities for architectural companies.

They create and design plans for new products and designs.

They manage staff, equipment, and budget needs for any project.

They also review the technical accuracy of their staff works, lead research and development

projects creating new designs and products.

As an architect, you work and lead with great teams.

These are teams of great technical acumen composed of engineers, executives, shareholders,

construction managers, and other professionals.

To handle such work, you need to have very strong analytical skills to evaluate problems

and come up with the best and innovative design solutions for them.

You need to be visual and creative in how you solve problems of different design nature.

While employed architects may not earn as much money, which could be about $80,000,

architects who start their own practice are the ones who take home the banks.

You can earn up to millions of dollars by running your own private architecture practice.

6.

Aviation Almost everyone grew up thinking pilots are

the coolest people in the world.

Ok maybe not everyone but, I know I did.

Pilots get to travel the world at no cost, they get to enjoy sceneries from all over,

wear nice uniforms and take home a great paycheck.

Pilots earn between $150,000 and $250,000 a year.

7.

Software Engineering Studying a Degree in Software Engineering

or Computer Science with a major in software engineering leads to this incredible career.

This major is typically a career as a software developer, and this actually one of the most

in-demand skill in the marketplace.

Software developers specialize in system software design.

This is a system that allows computers, mobile phones, cars, and consumer electronics, in

general, to function effectively.

Software developers design operating systems and create custom systems for an organization

after conducting research on user needs.

In the same group, System Software Developers build the system interface which is very important

in an organization.

To excel in this field, you need to have great investigative skills to understand user needs

and software designs.

Problem-solving skills are also important, especially when debugging software.

This career has an expected growth of 21% to 2028 which is higher than other career

fields.

Software engineers earn between $100,000 and $200,000 based on the organization.

8.

Actuarial Science Some people are very good at numbers and if

you are one of them this degree could be for you.

A degree in Actuarial Science or Mathematics, or Statistics, or Economics is a good choice

for you.

Actuaries utilize mathematics and statistics to access financial costs of risks, thereby

assisting businesses design policies that would minimize such costs.

They compile statistical data and estimate the possible economic cost of unfortunate

events like natural disasters, accidents, or illnesses.

As an Actuarialist, you get to design and test insurance policies and also test investments

and pension plans in order for businesses to minimize risks as they maximize profits.

To be really good at this you will need to rely on math and analytical skills to come

up with data patterns and quantify risks.

Strong communication and interpersonal abilities are important skills one should have to resolve

technical issues and come up with effective recommendations.

If you are good in math, then you may as well get paid for it.

You can earn up to $180,000 a year with this career path.

9.

Medicine Doctors are among the highest paid professionals

in the world.

If you want to earn more than $300,000 a year, then study medicine!

Medical school isn’t only an old profession but a vital one.

It’s one field that will always be in demand since people's health is like a basic need.

Medical school and other health-related programs produce amazing specialists like dentists,

nurses, pharmaceutical engineers just to name a few.

Healthcare occupations have great annual income remuneration and these careers are always

projected to grow year in year out.

People with the desire of saving lives and coming up with new medicine, vaccines, and

technology that would ease the burden of illnesses, injuries, disabilities, and old age should

sign up for this degree without a doubt.

This career path takes a long time to learn and sometimes it comes with a lot student

loans or debts, but the reward for this degree is insurmountable.

10.

Engineering A degree in engineering is amongst the most

revered.

Engineers are very well trained and they use science and math to solve real-world problems.

There are many engineers in different fields and they’re all important.

Chemical engineers, Petroleum engineers, Nuclear engineers, Computer hardware engineers, Telecommunication

engineers are just among them.

A career in engineering is extremely useful and such engineering degrees rank amongst

the highest paying in the world.

Engineers utilize scientific principles and mathematics to design products and test them

and identify uses for materials.

They come up with products that help in all kinds of fields from medicine to education.

The pay scale of engineers varies based on level, skill and experience.

Junior engineers can earn between $70,000 and $100,000 while senior experienced engineers

could even earn a whopping $400,000.

Though this list isn’t exhaustive, it gives you a list of some of the best paying careers.

A great piece of advice as you go searching for a career path, is to also look at your

passion.

Don’t just focus on the money but look at what you also love doing.

While money is important, it may not keep you at the job.

Thank you for watching.

I hope you enjoyed the video, give it a thumbs up and make sure you subscribe for more content.

With that said, I’ll see you in the next one.