Is a Chemistry Degree Worth It?
//Creative Commons Attribution Licence video (Reuse allowed)
Show More Show Less View Video Transcript
0:00
Is studying a chemistry major to get a chemistry degree worth it
0:04
That's what we're going to be talking about today. But before we get into that, make sure to gently tap the like button in order to defeat the evil
0:09
YouTube algorithm. On this channel, we talk about personal finance, college degrees, careers
0:13
and opportunities that are going to lead you to success. And we also go over how you can avoid
0:17
some of the common financial traps that so many people end up falling for. If that sounds like
0:23
something that interests you and you haven't done it already, go ahead and hit that subscribe button
0:26
and ring the notification bell. Only like 18% of you have so that you never miss an opportunity
0:31
But let's jump into it back to the main subject. Is a chemistry degree worth it? We're going to
0:36
be talking about this today. But first, let's go ahead and define what a chemistry degree is. So a
0:40
chemistry degree is going to be the study of matter and all of its different forms and how
0:44
it transforms between one form or the other. There's a lot of science, of course, but you're
0:49
also going to be doing lab work as well as mathematics. There's about 14,000 people that
0:53
graduate with a bachelor's in chemistry every year. Now, I've said this before in a lot of other
0:58
videos, but I have to say in this one as well, science degrees compared to the other STEM degrees
1:02
in my opinion, are a little bit overrated. A lot of people think that STEM degrees are amazing
1:07
And if you get any type of STEM degree, companies are just going to be lined up, ready to give you
1:11
a job right after you graduate. And that's just not true. The truth is, if you get some science
1:16
bachelor's degrees and you expect to get a job, chances are you're going to have to get a master's
1:21
or a doctorate. And if you're going to go on average about $40,000 in debt in order to get
1:27
your degree, you can't just snap your fingers and make it go away. Now, we're going to go over four
1:32
different sections here. The first one is going to be salary. Then we're going to talk about
1:36
satisfaction. Then we're going to go over demand. And then lastly, we're going to talk about X
1:40
factors. First, let's go ahead and talk about salary. With a chemistry degree, you would expect
1:45
to make around $49,000 a year in your first five years working. And then mid-career pay would be
1:50
$93,000. You can compare this to petroleum engineering, which is an extremely high paying
1:55
degree or recreational therapy, which doesn't pay very well. And you're going to see that it is
2:00
somewhere in the middle, but it's definitely above average when it comes to your salary
2:03
Now, one career path you might go down is becoming a chemist, of course, and they make around $78,000
2:08
a year. Now, if you look at the median annual earnings for young people, people between the
2:12
ages of 25 and 29 for all different types of degrees, you see that STEM degrees tend to rank
2:18
pretty well. So not only do you make more money down the line, but you also make more money right
2:22
off the bat at the beginning of your career. Overall, this one's pretty good when it comes
2:26
to science degrees and above average when you compare it to all degrees. So I'm going to give
2:30
this one a seven out of 10 when it comes to salary or earnings potential. Next, we're going to be
2:35
talking about satisfaction. And first, we're going to go over meaning, which is how much your career
2:40
positively affects the rest of the world. So when it comes to meaning, chemistry comes in at 55%
2:46
And you can compare that to radiation therapy at 91%, which is the highest. And one of the lowest
2:51
is plastics engineering technology at 31%. So it's right there in the middle, I would say it's
2:56
slightly above average. If you look at job satisfaction for something like material scientists
3:01
you'd see that it comes in at about 67%, which again, is slightly above average as well. Now
3:07
science degrees tend to be some of the most regretted degrees or the second most regretted
3:11
in fact, at 35% of the people who get the degrees regretting them according to zip recruiter. And
3:16
the reason for that is because a lot of people expect to be able to get a job with just a
3:20
bachelor's. And unfortunately, for many types of careers out there, when it comes to science
3:24
you have to get a master's or a doctorate. However, chemistry is one of the better science degrees
3:29
And overall, I would say that science degrees when you're actually able to get a job
3:33
you do seem to be relatively satisfied with the career. Now, this is extremely subjective. Like I
3:38
said, it depends on your personality, it depends on the industry you work in what you're good at
3:43
company that you work for, in some cases, however, I'm going to go ahead and give this one a 7.5 out
3:48
of 10. Now when it comes to demand, science related degrees are pretty average. For the
3:53
most part, you can sometimes get a science related degree and then go into the health field. But that
3:58
of course, is going to be extra schooling, health related degrees, health related careers have the
4:02
highest demand out of any type of career out there even higher than technology. But let's say
4:07
you're just sticking with a bachelor's and you're trying to get a job with just a four year degree
4:10
So if you wanted to become a chemist, that one's growing at about 5% over the next 10 years. And if
4:16
you wanted to become a material scientist, that one's growing at 3%, which is about average. Now
4:20
if you search monster.com for the keyword chemistry, you're going to see that only around
4:24
600 jobs pop up. That means only 600 people had the keyword chemistry degree and their job listing
4:31
compare that to computer science, which had 141,000 and anthropology, which is around 800
4:36
Now it's not a perfect test by any means, but it gives me a hint that not a lot of hiring managers
4:40
or owners are looking for people who have a chemistry degree. There's not an insane amount
4:45
of demand out there like computer science, for instance, for people who have software development
4:49
skills. Now that doesn't necessarily mean that you won't get hired with a chemistry degree
4:53
but it is a little bit of a red flag. So with this one, I'm going to go ahead and give it a 6.5 out
4:58
of 10. Next, we're going to be talking about X factors, which encompasses everything else that
5:03
we didn't talk about already. So first, when it comes to physical science degrees like chemistry
5:07
they make around $2.6 million over a lifetime, which is more than the average degree, which
5:13
makes around 2.4 million. On top of that, you see that if they go into other career paths like
5:18
management, for instance, they can make around 3.4 million over a lifetime. I think the reason
5:23
for this is because if you get a chemistry degree, you're going to have a pretty strong background
5:28
in science, lab work, and mathematics. And although that might not directly translate to
5:34
helping you get a job, indirectly, it's probably going to help you down the line. There's a lot to
5:39
say with some of the hard skills as well as some of the soft skills that you learn during college
5:44
indirectly helping you throughout your entire life. And it looks like physical science degrees
5:48
are pretty good all across the board. Now, when it comes to the skills that you learn, chemistry as a skill is rated 56 out of 100 on ZipRecruiter's skill index. Compare this to the
5:57
highest rated skill of software engineering, which is 88 out of 100, and the lowest rated
6:02
which is industrial sewing at 8 out of 100. So it's going to be somewhere in the middle there
6:06
So the skill of chemistry is somewhat valued on the market. That doesn't mean that it doesn't
6:12
have more value or less value than anything else. It simply means that people who own businesses and
6:17
hiring managers are more likely to hire you and pay you more money if you have the skill of
6:23
chemistry, because for whatever reason, it's pretty hot right now. You know, maybe 100 years ago
6:27
industrial sewing would have been the hottest skill around. But unfortunately, right now
6:31
it's not really needed. Now, when it comes to automation, science degrees, science careers in
6:35
general are relatively low and chemists is no different. It only has around a 10 percent chance
6:40
of being automated. And when it comes to difficulty, the science related degrees are pretty
6:45
high up there, in my opinion, but they're probably not some of the hardest ones except for physics
6:49
That one's really difficult. I think engineering degrees and mathematics degrees realistically are
6:54
probably going to be harder for the average person. But again, that's extremely subjective
6:59
It could be completely different depending on who you are. You know, I took a lot of chemistry
7:02
classes in undergrad. Organic chemistry is really difficult. Physical chemistry, really difficult as well. I'm sure some of those upper chemistry level classes get even harder
7:11
but I don't think it's going to be as hard as something like engineering. For what it's worth
7:14
the reference I always use tab.com, which kind of goes off of the dropout rate for the different
7:19
majors, says that chemistry is the third hardest one. Let me know down below if you're a chemistry
7:24
major, how difficult it was. I mean, I'm not trying to say that it's easy or anything by that
7:28
by any means, but I didn't remember thinking that it was one of the hardest majors. But hey, maybe
7:34
I'm wrong. But anyways, when it comes to flexibility, unfortunately, this is where some of the
7:39
science degrees kind of don't do so well. For one, out of all the different types of degrees, science
7:44
degrees kind of make the worst combination with other degrees. So there's some types of degrees
7:50
where if you double major in something else, you know, it might not be that great on its own. But
7:54
if you double major, you can actually, you know, make it work with science related degrees. I mean
7:58
I guess it depends on what career path you're going down, but double majoring in something else
8:02
isn't going to help nearly as much. And when it comes to flexibility, they're honestly not that
8:06
good either. A lot of the skills that you're going to learn are going to be relatively narrow
8:10
They're not going to extrapolate out to other things nearly as well as something like business
8:15
for instance. And so that makes the overall score six point eight, seven, five out of 10. This is
8:20
one of these degrees where you can definitely make it work as long as you do your research, you know what you're getting yourself into, but it's not going to be one of those slam dunk degrees
8:28
where you're pretty much set once you get a bachelor's. You're going to want to go above and
8:32
beyond. You're probably going to have to learn extra skills, do internships and network like
8:36
crazy. On top of that, I always like to mention this because it's so important. You should contact
8:41
somebody who is in whatever career paths you're interested in and just ask them about what they
8:46
would recommend that you do. In fact, you should contact a few people in each career path if
8:50
you can. I've made entire videos about how to go through that whole process and you can check
8:54
them out on my channel. If you want some other help with degrees, I did make a college degree
8:59
ranker. It's going to be in my Patreon down below. I've been working really hard on this and it's
9:03
basically something that ranks different college degrees and it makes the whole research process
9:08
for you much easier. If you're one of these people that keeps commenting on my videos about how you
9:12
want to see your degree sooner and you can't wait for it, then just go ahead, check it out
9:17
do the Patreon and you can see it. It's version 1.1 right now. It's not done yet, but it's a
9:23
work in progress, but I think it's the best list out there. I'm also going to be uploading other
9:28
exclusive content like a stock portfolio, for instance. If you haven't done it already, go
9:32
ahead and gently tap the like button, hit the subscribe button, ring the notification bell, comment down below, any thoughts, comments, criticisms, etc. Share the video with your
9:40
friends and before you leave, check out my other videos right here. I made them just for you
Jobs & Education
Education
Jobs
Career Resources & Planning
