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Is A Chemical Engineering Degree Worth It?

Shane Hummus2021-02-19
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172K views|3 years ago
💫 Short Summary

Chemical engineering offers high earning potential, with graduates earning around $108,000 annually and $3.5 million over a lifetime. Job satisfaction and meaning are high among chemical engineering graduates, who have various career paths available, including engineering management with salaries of $144,000. Despite challenges, engineering degrees are valuable, with good prospects for job seekers and opportunities for entrepreneurship. Continuous learning and dedication are necessary, and networking and seeking guidance are important for career success. Overall, engineering is a respected and flexible field with high demand in the job market.

✨ Highlights
📊 Transcript
Overview of Chemical Engineering Careers
00:58
Chemical engineering involves transporting and transforming materials, with a focus on chemistry, mathematics, science, and physics.
Graduates can earn around $108,000 annually, with mid-career pay reaching $128,000.
Various career paths available, including engineering management, with salaries of $144,000.
Engineering degrees, especially in chemical engineering, offer high earning potential compared to other fields, with graduates earning $3.5 million over a lifetime.
Engineering graduates often become entrepreneurs due to their practical problem-solving skills.
02:16
Chemical engineering graduates who become chemical engineers have high meaning scores and job satisfaction.
Engineering is a respected and flexible degree with various career options.
Engineering is the third least regretted type of degree, with around 15% of people regretting it.
Job satisfaction is subjective and depends on individual preferences and circumstances.
Engineering careers are growing at an average rate, with various specialties like engineering manager and biomedical engineer also showing growth.
04:35
Despite the hype around engineering, many degree holders end up in unrelated careers.
Engineering degrees are highly respected for problem-solving skills and work ethic, making graduates desirable to employers.
Chemical engineering offers flexibility and job opportunities, with many companies actively seeking engineering graduates.
A survey revealed that engineering degrees are in high demand among businesses, with chemical engineering ranking in the top six.
Benefits of Engineering Degrees
07:21
Engineering degrees lead to higher lifetime earnings compared to other types of degrees, with an average of 3.5 million.
Engineers have good job prospects and low unemployment rates due to their practical skills and high demand.
Chemical engineering is a valuable skill but may require relocation for job opportunities.
Engineering degrees are considered future-proof against automation and outsourcing, with a low likelihood of being replaced by technology.
Engineering, especially chemical engineering, is a challenging degree with high earning potential and opportunities for entrepreneurship.
10:26
Problem-solving skills acquired in engineering can be applied to start a business.
Despite high dropout rates, engineering offers job satisfaction and competitive salaries.
Continuous learning is essential in an engineering career, and relocation may be necessary for better job prospects.
Engineering is rewarding but requires dedication and passion.
Tips for choosing a career path.
11:35
Choose a career based on your interests rather than just for money.
Define your goal and work backward to determine the necessary steps.
Utilize networking, internships, joining clubs, and seeking advice from professionals in the field for valuable insights.
Seek guidance on college degrees and use resources like college degree rankers.