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