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What Is Biomedical Engineering? (Is A Biomedical Engineering Degree Worth It?)

Shane Hummus2021-03-29
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💫 Short Summary

Biomedical engineering combines engineering and medical research to develop new treatments, with high earning potential. Job satisfaction is high, but job demand may be a concern. Engineering degrees are respected by employers, offering diverse job opportunities and high lifetime earnings. Despite challenges in finding positions, engineering degrees are valuable investments. Biomedical engineering teaches problem-solving skills for future growth in the industry, with potential for high salaries and job satisfaction. It is essential to research and plan career paths to ensure success in the field.

✨ Highlights
📊 Transcript
Overview of Biomedical Engineering
01:35
Biomedical engineering involves merging engineering and medical research to develop innovative treatments and cures for medical conditions.
Students need a solid understanding of engineering fundamentals and healthcare concepts like anatomy and physiology.
Graduates can anticipate starting salaries of around $67,000 and mid-career salaries of $116,000, making it a lucrative field.
Related career paths include materials engineering, which also offers competitive salary prospects.
Biomedical engineering offers high meaning and job satisfaction scores, with 82% meaning score and 69% job satisfaction score for those in the field.
03:26
Engineering majors, including biomedical engineering, are among the least regretted degrees, with only 15% of people regretting their choice.
Higher-level jobs in engineering may require advanced degrees like a master's or doctorate.
Job satisfaction and meaning in engineering are influenced by factors such as company, career path, industry, location, and colleagues.
Job satisfaction and meaningful impact are key highlights of biomedical engineering degrees.
04:52
Concerns exist about job demand due to an oversupply of graduates.
Many individuals choose mechanical engineering as a more flexible option and specialize later.
Materials engineering is another career choice but has slower growth.
STEM degrees, including engineering, typically have low unemployment rates.
Engineering degrees are highly respected by employers, with top companies consistently looking to hire engineering graduates.
07:49
Biomedical engineering degrees may be less recognizable but can still open up diverse job opportunities due to the prestige associated with engineering qualifications.
Despite potential challenges in finding relevant positions, engineering degrees offer high earning potential over a lifetime compared to other fields of study.
Engineering degrees are a valuable investment in the long run due to the high earning potential they provide.
Engineering and arts/media degrees have lifetime earnings of around three million dollars.
09:06
Degree choice may be correlated with success and skills learned.
Biomedical engineering is valuable but may be challenging to find a job in compared to mechanical engineering.
Engineering degrees, especially biomedical engineering, are unlikely to be automated.
Engineering involves hands-on work that is difficult to outsource or automate fully, making it a good pathway to entrepreneurship.
Potential for wealth in biomedical engineering.
11:28
Practical problem-solving skills and market opportunities are emphasized.
The field is currently a dark horse candidate but has promising growth in the next 10-30 years.
Biomedical engineering offers high salaries, job satisfaction, and is considered cool.
Some careers may overlap with other engineering degrees, and advanced degrees may be required for higher positions.
Importance of a Degree in Career Planning
13:33
Some degrees may limit flexibility, but can still be valuable with a rating of 8.375 out of 10.
Conduct thorough research, plan ahead, and understand the chosen career path.
Recommendations include talking to professionals and using resources like a college degree ranker for guidance.
Making informed decisions and seeking advice is crucial for success in the chosen field.