10 Degrees You Should Study If You Want To Be Rich - YouTube

Channel: Practical Wisdom - Interesting Ideas

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Everyone knows that the single best investment you can make in this world is in yourself.
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Personal development will help you blossom into the person you want to be and it will
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help you stand on your own two feet.
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At a certain stage in life, we all reach that point where we want to start making money.
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But the problem is, you can鈥檛 just walk into any random company, and ask them to give
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you a job, so you can make money.
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Chances are, they鈥檒l first ask you if you have a college degree or diploma, and if you
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do they鈥檒l ask you, what value can you bring to the company.
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In short, they want to know what skills you have, and how you鈥檒l help them improve their
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company.
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In the marketplace, just about any skill will make you money.
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From cooking, to cleaning, to cutting grass or hair, or to even accounting, or marketing,
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whatever skill you have, chances are you can make money with it.
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But as we all know, life isn鈥檛 fair, and as much as we would all love whatever skills
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we have to make us a lot of money, unfortunately, this won鈥檛 happen.
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Certain skills pay better than others, and that鈥檚 why we go to university to learn
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these skills.
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And so, in today鈥檚 video, I鈥檝e gathered for you a list of degrees you should study
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in college if you want to be rich.
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This list contains degrees that have the highest remuneration in the world.
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So make sure you watch till the end for the full list.
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Now, let鈥檚 begin.
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1.
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Sales A degree in Business Administration or Sales
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Management or Organization Leadership will land you a career as a sales manager.
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For any business organization to thrive, you need to make sales.
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Being a good sales manager or salesperson makes you the backbone of selling the organization鈥檚
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products or services which in turn increases profits.
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Sales managers manage the sales team of an organization.
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They come up with sales goals, and they create training programs for sales representatives
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and analyze data.
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They generate budgets, authorize expenditure, analyze sales statistics, and customer demands.
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Sales managers project future sales and analyze data on the profitability of services and
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products.
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Sales managers need several years of sales experience to assume managerial roles.
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To be great at sales, you deeply rely on your customer service skills to smoothly interact
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with customers and respond to their needs.
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Being a people鈥檚 person and being able to create and maintain relationships with people
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can help you be better in sales.
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If this is what you have always wanted to do, you can study this degree and jumpstart
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your sales career.
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Also, the compensation in this field ranges from $110,000 to $250,000.
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If you ask me that鈥檚 not bad at all.
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2.
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Finance A degree in Finance or Financial Management,
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or Economics, and even Business administration with a major in Finance will lead you to a
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career in finance.
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Financial managers oversee the financial health of any organization.
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As a finance manager, you come up with financial reports, direct investment strategies, and
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develop long-term plans to reach the organization鈥檚 financial goals.
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Financial managers are in charge of analyzing the organization鈥檚 financial reports to
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identify where cost reductions can be done and also ensure financial transactions are
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meeting the legal requirements.
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They supervise employees in charge of financial information and budgets.
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Since financial managers report to executives, they help make the financial decisions of
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the organization.
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To be a good financial manager, you have to rely on your analytical and mathematics skills
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to be able to analyze financial documents and find errors in documents.
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To thrive in this field, you should also have good communication and organizational skills
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to work with executives and oversee junior employees.
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This is an amazing degree as the compensation is pretty good too, it ranges between $140,000
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and $450,000 a year with this degree.
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3.
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Management Information Systems Another useful degree is in Management Information
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Systems or Information Systems.
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You can also get the same from studying Computer Science or Information Technology and majoring
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in Information Systems.
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Information system managers direct computer systems of organizations to ensure goals are
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reached.
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They maintain computer hardware and software.
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They manage the organization鈥檚 network and ascertain the costs and benefits of new projects.
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Information system managers oversee other IT professionals like computer system analysts,
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software developers, information security analysts among others.
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A career in this field has a projected growth of 11% up to 2028.
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The remuneration perks associated with this degree can be up to $400,000 a year.
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As someone interested in this field, it鈥檚 empirical to have the business and technical
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acumen to thrive in this field.
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Also degrees in the tech field are quite in demand today.
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4.
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Marketing Marketing managers are one of the best paid
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employees in most organizations.
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You can earn as much as $250,000 a year depending on where you are working.
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Marketing is such a significant organ in any business organization.
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People have to know your services and products to buy them.
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Marketers are curators of making sure an organization鈥檚 products and services explode in the market.
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Marketing managers prepare product and service demands and help organizations increase profits.
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They come up with pricing approaches that are based on their research and analysis on
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customer satisfaction and demand for products or services.
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Marketing managers have to monitor and keep up with trends, and recognize opportunities
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for generating new services or products.
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They also oversee marketing staff and work together with advertisers, art directors,
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and other managers.
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To be good at marketing you must have strong creative and analytics skills to readily analyze
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the industry trends and come up with new ideas responding to data collected and analyzed.
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You must also have good organizational and communication skills to be great at this job.
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With the internet age, marketing has taken many forms and these trends keep on changing.
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One has to be wary of everything new and be innovative to make your product or service
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be known in the world.
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To be in the marketing field, you can take up a degree in Marketing, or Marketing management,
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or Business administration with a major in Marketing.
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5.
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Architecture Architecture is an old vocation that still
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has great significance in today鈥檚 world.
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People dream of building their own homes and you can actually do this for yourself and
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others in this career.
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You'll get to solve many design challenges of different scales and in different parts
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of the world.
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It鈥檚 one of the most respected degrees considering the hours and work people actually put in.
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Architects direct and oversee activities for architectural companies.
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They create and design plans for new products and designs.
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They manage staff, equipment, and budget needs for any project.
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They also review the technical accuracy of their staff works, lead research and development
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projects creating new designs and products.
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As an architect, you work and lead with great teams.
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These are teams of great technical acumen composed of engineers, executives, shareholders,
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construction managers, and other professionals.
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To handle such work, you need to have very strong analytical skills to evaluate problems
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and come up with the best and innovative design solutions for them.
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You need to be visual and creative in how you solve problems of different design nature.
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While employed architects may not earn as much money, which could be about $80,000,
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architects who start their own practice are the ones who take home the banks.
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You can earn up to millions of dollars by running your own private architecture practice.
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6.
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Aviation Almost everyone grew up thinking pilots are
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the coolest people in the world.
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Ok maybe not everyone but, I know I did.
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Pilots get to travel the world at no cost, they get to enjoy sceneries from all over,
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wear nice uniforms and take home a great paycheck.
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Pilots earn between $150,000 and $250,000 a year.
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7.
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Software Engineering Studying a Degree in Software Engineering
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or Computer Science with a major in software engineering leads to this incredible career.
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This major is typically a career as a software developer, and this actually one of the most
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in-demand skill in the marketplace.
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Software developers specialize in system software design.
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This is a system that allows computers, mobile phones, cars, and consumer electronics, in
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general, to function effectively.
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Software developers design operating systems and create custom systems for an organization
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after conducting research on user needs.
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In the same group, System Software Developers build the system interface which is very important
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in an organization.
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To excel in this field, you need to have great investigative skills to understand user needs
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and software designs.
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Problem-solving skills are also important, especially when debugging software.
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This career has an expected growth of 21% to 2028 which is higher than other career
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fields.
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Software engineers earn between $100,000 and $200,000 based on the organization.
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8.
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Actuarial Science Some people are very good at numbers and if
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you are one of them this degree could be for you.
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A degree in Actuarial Science or Mathematics, or Statistics, or Economics is a good choice
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for you.
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Actuaries utilize mathematics and statistics to access financial costs of risks, thereby
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assisting businesses design policies that would minimize such costs.
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They compile statistical data and estimate the possible economic cost of unfortunate
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events like natural disasters, accidents, or illnesses.
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As an Actuarialist, you get to design and test insurance policies and also test investments
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and pension plans in order for businesses to minimize risks as they maximize profits.
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To be really good at this you will need to rely on math and analytical skills to come
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up with data patterns and quantify risks.
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Strong communication and interpersonal abilities are important skills one should have to resolve
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technical issues and come up with effective recommendations.
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If you are good in math, then you may as well get paid for it.
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You can earn up to $180,000 a year with this career path.
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9.
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Medicine Doctors are among the highest paid professionals
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in the world.
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If you want to earn more than $300,000 a year, then study medicine!
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Medical school isn鈥檛 only an old profession but a vital one.
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It鈥檚 one field that will always be in demand since people's health is like a basic need.
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Medical school and other health-related programs produce amazing specialists like dentists,
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nurses, pharmaceutical engineers just to name a few.
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Healthcare occupations have great annual income remuneration and these careers are always
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projected to grow year in year out.
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People with the desire of saving lives and coming up with new medicine, vaccines, and
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technology that would ease the burden of illnesses, injuries, disabilities, and old age should
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sign up for this degree without a doubt.
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This career path takes a long time to learn and sometimes it comes with a lot student
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loans or debts, but the reward for this degree is insurmountable.
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10.
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Engineering A degree in engineering is amongst the most
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revered.
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Engineers are very well trained and they use science and math to solve real-world problems.
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There are many engineers in different fields and they鈥檙e all important.
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Chemical engineers, Petroleum engineers, Nuclear engineers, Computer hardware engineers, Telecommunication
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engineers are just among them.
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A career in engineering is extremely useful and such engineering degrees rank amongst
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the highest paying in the world.
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Engineers utilize scientific principles and mathematics to design products and test them
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and identify uses for materials.
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They come up with products that help in all kinds of fields from medicine to education.
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The pay scale of engineers varies based on level, skill and experience.
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Junior engineers can earn between $70,000 and $100,000 while senior experienced engineers
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could even earn a whopping $400,000.
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Though this list isn鈥檛 exhaustive, it gives you a list of some of the best paying careers.
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A great piece of advice as you go searching for a career path, is to also look at your
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passion.
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Don鈥檛 just focus on the money but look at what you also love doing.
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While money is important, it may not keep you at the job.
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Thank you for watching.
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I hope you enjoyed the video, give it a thumbs up and make sure you subscribe for more content.
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With that said, I鈥檒l see you in the next one.