00:00is an education major or education
00:03worth it that's what we're going to be
00:05going over today is it going to be worth
00:07000 in debt and spend four years of your
00:10life to get this degree
00:11so first of all let's go ahead and
00:13define what education
00:15is exactly thank you and this one of
00:17course is a little bit self-explanatory
00:19it's going to be all about
00:20teaching people and oftentimes people
00:22who graduate with an education degree
00:24public school teachers in either middle
00:26school high school or
00:28grade school and you can teach any
00:29number of subjects from physical
00:32to mathematics now when it comes to
00:34bachelor degrees around 3 000 people
00:37general education degree here in the us
00:40however overall there's around 85 000
00:42people who graduate with an education
00:44degree in general because most of them
00:46are going to specialize
00:47but you can also become an administrator
00:49a school counselor or
00:51a principal some career paths you could
00:52go down outside of education would be an
00:55human resource manager or a technical
00:57writer but like i said before by far
00:59teacher is going to be the most common
01:01career path now i'm going to break this
01:04different sections and the first one
01:06we're going to talk about because this
01:07is a personal finance channel
01:09is going to be earning potential or
01:11salary now i gotta be honest with you
01:13guys when it comes to salary or earning
01:15potential with an education degree
01:17it doesn't look great now i personally
01:19think teacher might be one of the most
01:21important jobs in the entire world and
01:23unfortunately they aren't compensated
01:26well with an education degree you would
01:27expect to make around 41
01:29000 a year starting out and 64 000 in
01:32mid-career pay you can compare this to a
01:34really high paying degree and a low
01:36paying one and you'll see that it's
01:37definitely on the lower side
01:38now let's say you move to the very top
01:41of the chain in a school and you become
01:42a principal for instance
01:44they make around 96 000 a year however
01:47you're generally going to have to get a
01:50and it's going to take at least five
01:52years of work experience
01:53let's say that you become a teacher and
01:55i'll just go ahead and pick a random one
01:57that makes around sixty one thousand
01:59dollars a year i'm also going to cover a
02:01couple career paths you could end up
02:03going down with an education degree that
02:04don't necessarily have anything to do
02:06with a teacher career path or education
02:08so let's talk about human resource
02:10manager for instance they make around
02:12116 000 a year but again it's usually
02:16quite a bit of experience in order to
02:17get to that level technical writers on
02:19the other hand make around 72
02:21000 a year which is 35 an hour and if
02:23there's some other career paths you want
02:25to look into i'll actually have some of
02:26them pop up on the screen right now you
02:28can just pause the video and check them
02:31and you'll see that all of them are kind
02:32of average paying maybe
02:34slightly above average now if you look
02:36at how much an education degree graduate
02:38makes over a lifetime it gets even
02:40worse so according to the latest u.s
02:42census bureau they only make around
02:441.8 million dollars over a lifetime
02:47which is one of the lowest on the entire
02:49list this is compared to 2.4 million
02:51dollars to all other types of degrees
02:53and all of the types of careers
02:54so yeah not amazing pay especially when
02:57you consider how important the job is
02:59and all the stuff they have to go
03:00dealing with like little kids all the
03:02time i know i was a pain in the butt
03:05sorry to all the teachers out there so
03:07unfortunately they aren't paid very well
03:09and you know i wish they were paid more
03:10but i have to give you guys a fair
03:13overall when it comes to salary this one
03:15gets a score of 5.5 out of 10.
03:18next we're gonna talk about satisfaction
03:21and i like to go over
03:22two important aspects here the first one
03:24is going to be meaning which is
03:26how much you think your career
03:28positively impacts the world
03:30so with an education degree you're going
03:31to see that it has a 67
03:34meaning score on pay scale and again you
03:36can compare that to a really good one
03:37and a bad one so you can kind of see
03:39where it is and you'll see that it is on
03:41the higher side which is good news
03:43and that totally makes sense teacher is
03:46job you are making a huge impact on
03:48people's lives at a very influential
03:50age and so if you do a good job as a
03:52teacher you could literally change the
03:54world in some ways and if you look at a
03:56specific career which would be teacher
03:58or instructor on pay scale you'll see
04:01which is even better on top of that the
04:03job satisfaction score is going to be
04:05around 71 percent which is on the higher
04:07side again if you can compare it to a
04:09really good one and a bad one now when
04:11it comes to how much people regret
04:12getting their college degree
04:14unfortunately education is the third
04:16most regretted type of major
04:18with around 31 percent of people
04:19regretting it and the main reason why
04:21is because low pay job satisfaction and
04:24limited job opportunities so i think the
04:27big problem there is people probably
04:28don't understand exactly what they're
04:31into when it comes to getting an
04:32education degree this is not a career
04:34you're going to go into for the money
04:36definitely not however it can be
04:38extremely rewarding for the right person
04:41very important especially with college
04:43degrees these days because of the fact
04:44that they're so expensive and they take
04:47that you make sure that you're doing
04:49your due diligence and researching them
04:51properly now another thing i like to
04:52talk about when it comes to job
04:54satisfaction and meaning
04:55is that this is the most subjective
04:58for one person this could be the best
05:00job in the world most amazing job ever
05:02and for another person it could be a
05:04nightmare there's so many other things
05:06that will influence this as well
05:07like where you live who you work with
05:09you know state regulations uh federal
05:12the business you work for the company
05:14you work for the industry that you work
05:15in all kinds of different things are
05:17going to affect your job satisfaction so
05:19honestly take this section with a grain
05:21of salt because it's going to be
05:22different for everybody who watches but
05:25i'm going to give this one an 8.5 out of
05:2710 when it comes to satisfaction
05:30next we're going to be talking about
05:31maybe the most important section which
05:34demand and the reason it's the most
05:35important is because everything else
05:38from demand when it comes to economics
05:40the most important rule is supply and
05:42demand it always goes back to that
05:44and so if there's a lot of supply and
05:48chances are you know the price is going
05:50to go down and the same sort of works
05:52when it comes to how much you get paid
05:54if you have skills that are in high
05:55demand likely you'll get paid really
05:56well and you'll get treated better just
05:58because of the fact that they don't want
06:00to lose you now i will say that this
06:02doesn't necessarily work when it comes
06:03to careers where you go into the
06:06and education of course is one of those
06:09so it can get a little weird when
06:10there's a lot of regulations or it's a
06:12career path that a lot of the time
06:13you're going to end up going into the
06:16however it tends to hold true
06:17nevertheless now let's say you're going
06:19to become a principal there's around 283
06:22000 jobs out there and it's growing at 4
06:26fast as average for a special education
06:28teacher there's 443 000 jobs available
06:31and it's growing at 3 percent which
06:33again is around average
06:34for an hr manager there's 165 000 jobs
06:37available and it's growing at six
06:39percent which is faster than average and
06:41for a technical writer there's around 58
06:43000 jobs out there which is growing at
06:45seven percent and that is also faster
06:48now interestingly enough when i was
06:49researching this and i was looking at a
06:50lot of different forums and different
06:52you know self-reports and that sort of
06:54i saw that a lot of people were saying
06:56that there's not many jobs out there for
06:58teachers however when you look at the
07:00unemployment rate at least a few years
07:02ago before the whole
07:03you know thing that's happening right
07:05now in the world that i'm not going to
07:06mention because i don't want to get
07:08you saw that the top three degrees for
07:10the lowest unemployment rate
07:12were all education related so you had
07:16elementary education and education other
07:18so it does seem like a lot of people
07:20that graduate with education degrees end
07:22up getting a job which is a good sign
07:24now another thing i like to do is type
07:25in the name of the degree onto
07:27monster.com or indeed.com and you'll see
07:30that education degree has around 30
07:32000 job listings that have that keyword
07:35in the job description
07:36you can compare this to one that has a
07:38lot of demand and one that doesn't have
07:39very much and you'll see that it's on
07:41the higher side so that is a good sign
07:43but i think a lot of the advertisements
07:45likely come from government agencies the
07:47reason for that is because when big
07:48businesses are surveyed education
07:50usually comes out as one of the
07:52least likely degrees that they are
07:54looking for so for instance only about
07:56one percent of big businesses that are
07:58surveyed were actively looking for
08:00people who have education degrees you
08:02can compare this to around 81
08:04for engineering and 78 for business
08:07so there honestly is a lot of
08:08conflicting evidence here when it comes
08:10to how much demand there is so
08:12overall all things being equal i'm going
08:14to go ahead and give this one
08:15a 7.5 out of 10. now next we're going to
08:19x factors and this is basically anything
08:21that i think is important that i didn't
08:23over so i mentioned before that over a
08:25lifetime people who graduate with an
08:27education degree will likely make around
08:281.8 million dollars compared to the
08:31average degree which will make 2.4
08:33million however if you break it down a
08:34little bit further and look into
08:36specific career paths it gets even worse
08:38so for instance liberal arts degrees
08:40don't necessarily have a great
08:41reputation for getting high earning jobs
08:43however if you go into a management
08:45career path you'll earn
08:463 million over a lifetime so there are
08:49some good options out there for liberal
08:50arts degrees depending on what career
08:52path you end up going down however if
08:54you go into management with an education
08:56degree you only earn
08:57slightly less than average around 2.3
09:00million and you'll see that pretty much
09:01all across the board no matter what
09:03career path you go down
09:04it's either below average or slightly
09:06above average at best
09:08another resource i like looking at is
09:09the zip recruiter skills index because
09:11at the end of the day companies aren't
09:13necessarily hiring you for your degree
09:15they're hiring you for the skills that
09:17your degree supposedly taught you and
09:18when it comes to a skill
09:20of preschool teacher for instance it
09:22ranks around 29 out of 100 which if you
09:24compare it to a really good one and a
09:27you'll see that it's on the lower side
09:29so i do want to mention here that when
09:31value this skills index basically shows
09:34the value on the open market aka
09:36how much companies hiring managers and
09:38business owners are willing to pay
09:40people for different types of skills at
09:42this particular time in history
09:44that doesn't necessarily mean that these
09:45skills don't have any value
09:47in fact i'd say teacher like i mentioned
09:49before is one of the most valuable
09:51and also this doesn't necessarily apply
09:53to government jobs either because that
09:55just works completely differently than
09:57open market aka how much business owners
10:00and hiring managers are willing to pay
10:01you however with that being said you do
10:03have to be somewhat realistic here and
10:05when you see a skill ranking that low
10:07it's not great one good thing though is
10:09that a lot of the skills you learn will
10:11automated so teaching somebody being a
10:15that is never going to be automated
10:16people are always going to need teachers
10:19you know understand somebody's issue
10:21figure out what their problem is and
10:23then help them to solve that problem
10:25teaching people things requires a high
10:27level of education and communication
10:30there's just no way at least in my
10:32opinion that a teacher will ever be able
10:34to be outsourced or automated
10:36and will robots take my job tends to
10:38agree with me here only a
10:39one percent chance of automation and if
10:41you look at human resource manager it's
10:45chance so these skills you learn luckily
10:47one of the plus sides is it
10:49probably will never be automated now
10:50another thing i always like to talk
10:52about is flexibility there are certain
10:54degrees where you don't really need to
10:55plan ahead all that much just because of
10:58it doesn't matter what career path or
11:00life path you end up taking
11:02your degree is going to serve you well
11:04there's other degrees where you have to
11:06way into the future you basically have
11:08to know that you're going to get a
11:10something along those lines so you have
11:12to really put a lot of thought into it
11:15if you want to go down that degree path
11:16and then there's other degrees yet where
11:18maybe you don't need a plan all that
11:20much but it kind of pigeonholes you into
11:22a certain set of careers so
11:24unfortunately education does fall under
11:26that category where there's not a lot of
11:28career paths you can go down with this
11:30it's pretty much teacher you know
11:32teaching related degrees like principal
11:34there are a couple others you could go
11:36into like technical writing
11:37you could teach people foreign languages
11:39if you know another language but
11:41there's honestly not a lot of
11:42flexibility there so this is really one
11:44of those degrees where you want to do
11:45your research and make sure you know
11:47exactly what you're getting yourself
11:49because if you change your mind down the
11:50line there's not all that much room for
11:53error this is one of those degrees where
11:54you know the the best laid plans a lot
11:56of the time they don't end up
11:58working out the way you saw them and so
12:01turn out kind of not so good with this
12:03degree in some cases
12:04so overall when it comes to x factors
12:06i'm going to give this one a
12:085 out of 10. now if you add all four of
12:10those up and divided by four you get a
12:126.625 out of 10. so that's a ranking
12:16it could be okay again if you really do
12:18your research you know what you're
12:20into but it's not amazing now again i
12:23wish it was better but i have to give
12:25you guys my honest opinion after
12:26researching this and
12:28for many people it's not going to be a
12:29great choice however if you were
12:31somebody who was born to be a teacher
12:33and you know that's your passion in life
12:35don't let this video stop you from doing
12:37these scores are totally subjective for
12:39one person it could be a 10 out of 10
12:41and another it could be a 1 out of 10.
12:42so keep that in mind but
12:44i highly recommend considering maybe
12:46double majoring in this one
12:48minoring in it just taking extra classes
12:50in it something along those lines
12:52also i do think that one advantage of
12:56is you have a unique ability to teach
12:59other people information
13:00so you might want to consider starting a
13:02podcast a youtube channel something
13:05i see a huge trend in the entire field
13:08of education in general just moving
13:10towards being more online
13:12and decentralized so in the past there
13:14was pretty much only one way to get
13:15educated and that was to go to school
13:17now there are many different options for
13:19people there's tons of different
13:22online school online courses etc
13:25you can hire tutors you can watch free
13:27youtube videos like you're doing right
13:29now there's just a lot of options out
13:31there for people to educate themselves
13:33now if you're enjoying my videos but
13:34there's one that you're waiting for
13:35because i literally have hundreds of
13:37videos in the backlog that i'll
13:40you might want to consider checking out
13:41my patreon down below where i have the
13:43college degree ranker
13:45version 1.1 this will make the whole
13:48easier because i basically took all of
13:50what i considered to be the best
13:51metrics from all over the internet put
13:54them into one very easy to use resource
13:56if you haven't done it already go ahead
13:58and gently tap the like button hit the
13:59subscribe button ring the notification
14:01bell and comment down below any thoughts
14:03comments criticisms etc
14:05that you have on the video sharing the
14:07video always helps quite a bit as well
14:09and uh don't leave check out my other
14:11videos right here i made them
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