College Majors That Create The Most Millionaires
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- Äas pĆidĂĄn 7. 03. 2023
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These videos are for entertainment purposes only and they are just Shane's opinion based off of his own life experience and the research that he's done. Shane is not an attorney, CPA, insurance, or financial advisor and the information presented shall not be construed as tax, legal, insurance, safety or financial advice. If stocks or companies are mentioned, Shane might have an ownership interest in them. Affiliate links may be present, the offers and numbers presented may change over time so please make sure to confirm that the offer is still valid. Some offers mentioned may no longer be available or they have been changed. Please donât make buying or selling decisions based on Shaneâs videos. If you need such advice, please contact the qualified legal or financial professionals, don't just trust the opinion of a stranger on the internet and always make sure to do your own research and enjoy this family friendly content.
Sources and further readings for jobs and college degrees:
bls.gov(bureau of labor statistics)
nces.ed.gov(national center for educational statistics)
payscale(provides information on jobs and degrees)
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Could you talk about robotics engineering
I have an MBA, and discovered WHY this degree creates so many millionaires: There are so many with this degree. So many, in fact, that having one is almost meaningless. The raw numbers may put this high on the list, but if you ranked by the PERCENTAGE of those who have this degree, I doubt it would make the top 20.
@@lumen1715 But you have to get in to top universities first. For the majority of the people that s not the case. A engineering degree from a bad college worth 10 times more than MBA degree. So his point is still valid.
You should do list based on âmost popular degree among millionaires PER GRADUATEâ because obviously business administration is going to be first when there is so many graduates.
That's an idea
@@ShaneHummus I suspect "accounting" is popular and near the top option.
Agreed, 100%. Commerce, law, business admin, engineering, all imo frankly are not great degrees for a âget rich quickâ recipe. Thereâs potential, but will need a lot of luck & great soft skills, and excellent connections (think Ivy League school).
Iâd rate CS much higher, even with the tech slump itâs a better degree than most on the list. The amount of new billionaire/millionaires created through tech the past few decades blows away every other on the list.
I think medicine is great for a guaranteed way to get wealthy, but definitely many cons as the video points out.
â@@ShaneHummus I hope you can cover the career potential or disadvantage of taking up Library and Information Science degree.
Thatâs a great idea⊠maybe the stats he used already adjusted it to be per capita?
Iâve been learning from people. Not necessarily from what theyâve taught me but from the mistakes theyâve made. My parents also divorced not for the same reason but they also made poor financial choices.
Best to learn from others mistakes so you don't make them yourself
I've been watching your videos for a long time and i really like your content and I appreciate you for making videos helping students figure out which would suit them the most including me . For me I want to go into aviation mostly pilots and I hope you can do a video on that. I would love to hear your opinion on it.
I'm in undergrad and over the last few weeks I've been heavily considering changing my major to engineering. I got nervous as this video went on because I wasn't seeing it on the list...then it appeared at #1. Ahhh sweet relief. I think I will become an engineer after all.
You got this, check out my engineering videos to get a good idea of the pros and the cons.
What major are u doing right now?
@@Clean000 I was going for neuroscience but after some research I realized I wouldn't be able to do what I want unless I got a PhD. I'm about to turn 26 and I'm graduating from community college this year. So I realized I don't want to be still in school and under a pile of debt in my 30s, I just want to get a good bachelor's degree and start making money asap.
@@Clean000 For context, after high school I went after my âšpassionâš which was music. I was told the ol', "everything will work out as long as you're passionate about it" and of course the, "money doesn't matter when you're going after your dream". Turns out money does matter because I'm 25 working at a minimum wage job. I'm the exact example he gives in the "Ultimate Guide to Choosing a College Degree". I have a friend who still hasn't given up on music and is in the same predicament. So now I'm just trying to get a degree that helps me get a well paying job so that I can actually afford basic necessities, and then fund my music passion on the side if I so desire.
@@maiamaiapapaya If you really want "to get a good bachelor's degree and start making money asap", then IT is the way to go. It doesn't have board exams, and basics of engineering has steeper learning curve compared to coding imo. IT jobs also has faster pay raise hike. And, don't music nowadays use softwares for enhancement? I'd bet you'll benefit better from the coding skills you'll learn in IT. If you really want to continue to engineering, as an engineering student, I'd suggest you advance study on calculus and "physics for engineers" first, and see if you got the passion for it.
I think what the people who say "money doesn't matter" mean is that once the basics are covered money doesn't matter.
Obviously people want to have the basics covered though and the easiest way to do that is with money.
Other options are:
1. Rely on someone else
2. Live off grid totally
3. Idk, barter?
Love your kindness and candidness here. Keep Soaring!
Thanks a lot, Shane!
Stay tuned for more
I still feel like Finance (especially with a masterâs degree ) should be higher. Yes it is highly competitive ( might be number one) and yes you work long hours ( so eventually your hourly wage is quite low). However, in the Financial industry compensation/bonus is crazy especially if you do corporate finance. Aside from that job opportunities in foreign countries are crazy as well.
100% Agree here, Finance may be competitive but that's only if you stop at a BS and do nothing else. If you pursue titles such as CFA, CAIA, CFP, FRM, etc... the job hunt becomes 10X easier. Also not every finance job works long hours, you just gotta find the right place (i.e. state/civil service).
â@MinecraftPigSniper can you still make good money without going into say IB, PE ,and hedge funds?
Those long hours is a killer and it was not worth it. Realised it too late.
I notice the new effort youâre putting in immediately. Great job!
Appreciate it!
Thanks bro you are helping a lot of people
Great video! Thanks for providing useful knowledge đđ
My pleasure!
i am really thankful for finding you're Channel
it really helped me to choose what im gonna be a (surgeon)
Nice! Glad I could help
As you mention, law is a terminal, graduate degree, not an undergraduate degree, and you can get into law school with any major. (I was a Music major.) Also, the law need only be as stressful as you want make it. A lot of lawyers are stressed, but IMHO that's mostly because they are stress monkeys by nature - they seek out and find those stressful situations, and they make stressful situations out of situations that needn't be stressful. There are lawyers out there who are very chill - and more musicians in the law than you might realize. In my experience, the chill lawyers are in the highly technical areas like tax, trusts and estates, and the more code-focused business areas. There are some stress monkeys in those areas, too, but it's a smaller percentage than in the less technical areas like divorce, criminal, PI, and products liability.
I really thank you for this video. I have been watching you for over a year. I love all you have done. You really helped me in my life.
Awesome new set man!!! Big leap from the old style videos
Appreciate it!
Hi Shane, would you look into making another updated Architecture Degree video? I've seen that it's more in demand, at least in Canada!
I'm going into a Business Administration: Logistics degree, I'm really excited.
Nice!
Hello how is it going? Are you working on your degree, how is it going
Love the high quality of this video and wanted to see if my major made it on here, it's #2. Impending MBA grad here
Glad you enjoyed it!
shane stating facts as always thanks brođ
I'm getting a degree in Accounting and Data Analysis! You give me confidence with this video, thanks Shane!
Engineering for your bachelors and MBA for graduate school is the best combo
yh thats what imma do
Yeah
Great job sir â€ïž. Shan what do you think about mechatronics engineering?
I tried 3 different majors/universities untill I found my major (IT & BUSINESS). I will become Data Scientist after Uni.
You are an absolute genius, I got finance/econ and my school gives about 61 - 67k for bacheys salary after grad, although I noticed they hidden data about other undergrad reports, I did some digging and found out data scientist make 81k out of grad. and 100k+ for masters degree and my peers that majored in it are doing remote work traveling. I think you chosen the greatest major out there in terms of debt, time spent in school and work life/salary. Seriously I thought I was smart for econ but found out the sheer power of data science and how it applies to every field and makes more.
Am doing accounting and finance can I go into data science
Thank you, I loved it
Imaging scientist at RIT is a small undergraduate program that has a starting salary almost at 6 figures with the ability to adapt to many many jobs. We are searched out for (have reverse career fairs, companies constantly reaching out to the program, ext)
I love the SARCASM! very underrated CZcamsr, smart guy!
Surely gender studies is #1, right?đ€Ł
No
â@VileAkillez it's a joke
@@aaronrodriguez1410 ye ik
Nah underwater basketweaving
How many gender do it take to workÂż??? None!!!! Too much starbuck iPhone!,! Snowflake!!!??
Thanks for ranking a BCom. Also wanted your thought on a Bachelor of Property and Real Estate my uni is offering? Thanks!
Computer Science should've been number one because the salaries are higher, its an S tier major, everything is remote and on tech now. But Engineering, Business Administration, Management, Economics, Accounting, and Finance are also the top majors that are A and S tier with high salaries.
Just do software or computer engineering. A computer engineer qualifies for many of the jobs that a person with computer science is qualified for.
Great video Shane
Thanks man!
Dang Shane, keeping it REAL. Liking this new style!
Thanks! Had fun creating the new setup.
i needed this video thx
You got it!
Dope content Brodie keep up đŻ
Thanks đŻ
yo shane what apps do u use for editing and gear u use? keep up the good work đȘ!
start adding time stamps to your videos
How do you feel about Robotics as a major and minor in data or computer science?
I talked to some engineers that have degrees in mechanical engineering and think itâs an upcoming major the more schools will start to offer, whatâs your thoughts
Great videos! Iâm always sharing them with friends with kids on the cusp or college
I think a degree like Robotics would be very similar to today's Mechatronics Engineering, meaning it is a mixed of mechanical engineering, electrical engineering and computer science with a focus on robotics. Shane Hummus also has made a video about this degree already. It is not such a well known degree though, so in case you want to go into another field, you may have worse chances than say Electrical Engineering or Computer Science.
If you really want to go into robotics, I'd say you should go for Mechatronics Engineering. If you want to be more flexible, you should go for Electrical Engineering. With Electrical Engineering, you should be able to get into the control side of robotics jobs, electrical engineering jobs (duh) and also computer science jobs as demand there is so high they'll also take electrical engineers. Computer Engineering would also work but this would just give you less options for jobs in the electrical engineering field.
A double major in electrical engineering and mechanical engineering would be the ultimate choice for robotics with very high flexibility but I don't know if it is worth the effort
â@@je6a478 what about business data analytics what's the situation in 4 years
i'd suggest you just major in computer engineering
Hi Shane, you mentioned that you have started 2 business. Iâd like to learn more about it. Would you mind explaining a bit about your experience?
I worked in healthcare being a hero is overrated
The problem is though that a lot of engineers etc are underemployed. An average engineering degree of 4 years can take commonly 6 years. And in return you get employment that is subpar. 20% is that piece of paper 80% is charm, hard work, social skills etc.
It shocked me after i graduates with a bs in mech eng (just barely made it) how useless the degree was. And after my first job most people only looked at my work experience and nothing else.
What do you suggest about going for a Business Analytics course? I'm planning on moving into Management Consulting. I am currently a junior Software Developer.
You donât like being a junior software developer?
@@UnleashedEx not really
Definitely doing Cs for bachelors and MBA for masters. Easy way to become a billionaire
Great. I'm in my final year of business administration.
This is one of the very few videos ive seen that include Business degrees
idid my undergrad in political science/human rights and i did my masters in international human rights law i work for the International Criminal Court i am very happy
I'm 23 years old I'm going to study MBA in information technology
I was able to decide this because of you! Thank you
You must be going to WGU too. Iâm doing the MBA in IT Management too after my bachelors in data analytics
@@mar-17905I dont go to WGU actually but I'm looking forward to study there in future!
Hey Shane do you think Computer Science is becoming over saturated? I have been seeing how there is many layoffs, and harder to find work now. And Iâm just curious, if it is becoming over saturated, or something along those lines
I am not Shane but I believe if you are in US or Canada then go for CS because there plenty of jobs but Iâd you are not in these countries then I suggest looking into engineering
Definitely not oversaturated. Go on linkedin and type in the keyword "sociologist" and sort by entry level jobs. That is saturation. Then type in "software development" or "computer science" and sort by entry level. There are hundreds of thousands of postings. Software developers have been spoiled almost beyond imagination over the last 10 years, anyone with a pulse could get a job. Now there are still plenty of opportunities, but you do actually have to know your stuff.
Hey Shane,
i m doing a finance major and i want to clean my fathers debt and make sure this never happens again in my upcoming generation, i need your help to give me a career path in finance as i love manipulating data and love working under pressure!!
Do you think with a degree in Medicine I Could also Switch on the Business-side ( consulting, having a Start-up or even Breaking Into the Finance industry) ? I chose medicine because Iâm Not interested in other subjects like tech or finance degrees and I think I would Not have any motivation to study these. I study in Germany so there education is free. So as I said above itâs like the only degree Iâm interested into, but donât like to practice as a doctor, Iâm more interested in Entrepreneurship e.g.
Yess sure I study economics and I'm currently planning on doing a start-up with a medical student
With chat gpt, most of those will become a lot more competitive and narrower
could you do a video about Air traffic controller major
You shamelessly throwing shade at politicians and Tiktok lmao accurate though!
It's the least I can do lol
I am majoring in political science luckily for me economics is available. đ Really thinking about getting a J.D. degree for my backup plan.
Sounds like a very great combo, Poli Sci and Economics are a perfect match
What about Business administration major in MIS?
Albert owns 1 Laundromat+1 Trucking company etc
I'm gonna major in economics and then go to law school
I honestly never knew that commerce is a college major. I took classes on it in high school for about 1œ years and that could have actually been an interesting major.
Honestly I only watch these to re-a firm that I made the right decision in choosing robotics engineering
Shane what would you say to someone whoâs stuck between computer eng and civil eng ? (In Canada and US)
Is Mis still good despite the recent developments in Artificial Intelligence
Need a video on quality management degree
As he said that this list is old . I think now if they rearrange that list . Computer science would be more valuable
I thought that was Logic as your thumbnail and was wondering what he has to do with anything đ
Does anyone have insights on Bioinformatics as a lucrative degree? Would be helpful. Glassdoor's data says they're paid fairly well.
What jobs do you do besides youtube?
Thoughts on a human computer interaction (HCI) bachelors or a bachelors in business admin focused in marketing? Iâm pretty interested in the more creative marketing jobs and UX/UI
Hey can you please make vedio on Human Resources management carrier please
Business admin will get you working in a call center not make you a millionaire. I guess its so general that there are enough people who fell through the cracks and got their business degree and then got into real estate or something
Weâre can i learn computer science? Is it possible online?
I donât want to go to college
Is it possible to acquire the mindset of an engineer by studying physics?
If you work on hands on projects and really understand the material in class,yes. If you're an over achiever in academics whose never built a single thing from scratch then, no. Keep to the physics books and academia a bit longer. Sooner or later a lack of hands on learning and self motivation will bite you in the butt, but it's not like it's inevitable. You just have to start building and fixing things and making dumb things for the process and enjoyment of it. Pair that with some better know how about safety features and maximum load/stress forces and you're still in somewhat of an ok position.
My question SHOULD be, why do a physics degree when you WANT to be an engineer? While I realize you can test and pass the Engineering skills/math exams no problem, presenting yourself to a recruiter with no outside projects or internships will set you back compared to others who planned ahead, knowing these things are nessisary. Getting into an internship for engineering is hard enough as a student in the degree program. Coming in as a physics major won't guarentee the same placement success, recruiters will give priority to those already enrolled in their speciality, trying to sell yourself without that skillset means your applications will be put in as a reject before you can ask why.
Hes saying politicians are rich ppl than public and then listing jobs on top on top that most public do
5:09 I just love this joke so much đ
But all that goes into taxes/mortgage/insurance/bills/groceries/food/clothing etc
What about Computer Science & Engineering major at MIT for example?
getting my bachelor of business administration in actuarial science đ
My case were I born in some island of the Caribbean, linguistic problem, and etc.
why architecture is not on the list
I know a guy who has a BA in computer science and....his unemployed
Whatâs your current job?
Shane what do you do for a living?
Youâd retire from what?
What did you major in Shane hummus I want to follow in your footsteps
Albert owns 1 Trucking company+Laundromat
Sethi owns 1 Trucking company
Raju owns 1 auto repair shop and 1 Trucking company etc
What degree did you get
cheers bro
Political scientists doesnât equal politicians.
Lawyers do.
Damn, as an eu citizen i cannot understand for the life of me why people would pay hundreds of thousands of dolars for college. My country provides it for free and the rest of europe only asks for abt 1-3k per year. Ya'll r being bled dry by universities at ur own will :)
Good for you
This man really tells it how it is đđ slayy
I wanted to be in political sciences and its not on this list or the worst list, guess I will just go with it
Many of the top 10 bilioinares are divorced
self deletion is crazy
I am from india and i am trying for business and information technology masters in uk is it worth it ?
No
Can you join computer science and mechanical engineering together at the bachelor level s
6:37
"no empathy, no ethics and no moral compass"
LOL
You put computer science at 8th position and engineering at 1st position.Isnt Computer science is an engineering degree at all!?
Ok I watched this till the end. I have an engineering degree and am poor as heck. The opportunities you have are the number one determinant of your trajectory. Some people can not ever bring themselves to understand the privation many people in the world live under. You know Prince Harry is a wealthy guy. He has near zero intellect. Definitely no degree. I would trade my intelligence for his life in a heartbeat
I feel good
people like promoted me
I have master in mathematics, minors statistics and computer science. I have been always lots of good-pay jobs.
statistics & data science?