Bachelor's Degree Tier List 2024 (Ranking Top 100 Bachelor Degrees)

Shane Hummus
8 Jan 202315:53
EducationalLearning
32 Likes 10 Comments

TLDRIn this video, the host ranks the top 100 most common Bachelor's degrees from S-tier (best) to F-tier (worst), based on the latest data from their college degree ranker. Degrees like Actuarial Mathematics and Mechanical Engineering are placed in the S-tier, while Liberal Arts and Humanities are in the F-tier. The ranking considers early career pay, demand, and the number of graduates per year, offering insights for prospective students to make informed choices about their future education.

Takeaways
  • πŸ“Š The video ranks the top 100 most common bachelor's degrees based on a tier system, ranging from S (best) to F (worst).
  • πŸ”’ Actuarial mathematics is placed in the S tier, indicating it as a highly valuable bachelor's degree.
  • πŸ’Ό Business administration is considered a B tier degree, with the presenter suggesting correlation may play a role in its success.
  • πŸ₯ Nursing is ranked in the S tier, recognized as a strong degree with a Bachelor of Science in Nursing (BSN).
  • πŸ“š Psychology is placed in the C tier, with the caveat that further education is often necessary for better career prospects.
  • 🌿 Biology, despite being a popular STEM degree, is ranked in the D tier due to its overrated status and high number of graduates.
  • πŸ’° Accounting is a solid A tier degree, noted for its flexibility and overall good statistics.
  • 🎨 Liberal arts and humanities are both ranked in the F tier, indicating they are seen as less valuable in terms of career outcomes.
  • πŸ’‘ Finance is an A tier degree, similar to accounting, and is considered suitable for the right person, especially from the right college.
  • πŸ”¬ Engineering degrees, particularly mechanical, electrical, and computer engineering, are ranked highly, often in the S tier, due to their flexibility and demand.
  • 🌐 Information science and related data fields are A tier degrees, reflecting the high demand for skills in these areas.
Q & A

  • What is the purpose of the video mentioned in the script?

    -The purpose of the video is to rank the top 100 most common bachelor's degrees from S-tier (best) to F-tier (worst) based on various factors such as early career pay, mid-career pay, demand score, and the number of bachelor's graduates per year.

  • Why does the video creator emphasize the effort put into the ranking list?

    -The video creator emphasizes the effort to show the thoroughness and reliability of the ranking list, mentioning that they have updated the ranker several times and even hired a professional statistician for assistance.

  • What is the first bachelor's degree mentioned in the ranking?

    -The first bachelor's degree mentioned in the ranking is Actuarial Mathematics, which is placed into a tier based on its statistics and the creator's evaluation.

  • What is the creator's opinion on the correlation between a degree and its job market outcomes?

    -The creator believes that for some degrees, the observed outcomes may be due to correlation rather than causation, meaning that the success of individuals might be due to their inherent skills or interests rather than the degree itself.

  • What is the ranking of the Nursing degree according to the video?

    -The Nursing degree, specifically referred to as BSN, is ranked in the S-tier, indicating that it is considered one of the best bachelor's degrees based on the criteria used in the ranking.

  • Why is the Psychology degree ranked in the C-tier?

    -The Psychology degree is ranked in the C-tier because, at the bachelor's level, it is not considered very good. However, with further education such as a master's or a doctorate, the degree can be more valuable.

  • What does the creator think about the common perception of STEM degrees?

    -The creator challenges the common perception that all STEM degrees are great, stating that many science degrees do not fare well in the ranking and are overrated.

  • What is the ranking of the Accounting degree and why?

    -The Accounting degree is ranked in the A-tier because it is considered a solid and flexible degree with good overall statistics and potential for career success.

  • What is the ranking of the Computer Science degree and why is it considered so highly?

    -The Computer Science degree is ranked in the S-tier due to its high demand, good statistics, and the clear career paths it offers in the technology industry.

  • What alternative career path does the video suggest instead of certain bachelor's degrees?

    -The video suggests that alternative education paths, such as digital marketing, can be highly successful without a college degree, and it even ranks this path as S-Plus tier.

  • How does the video address the issue of overrated degrees?

    -The video addresses the issue of overrated degrees by pointing out specific examples like Biology and Psychology, explaining that their popularity does not necessarily correlate with their job market value or career outcomes.

Outlines
00:00
πŸ“Š Bachelor's Degree Tier List Overview

The script introduces a ranking of the top 100 most common bachelor's degrees from S to F tiers, based on the creator's updated college degree ranker. The ranking is not exhaustive due to the vast number of bachelor's degrees available. The creator emphasizes the effort put into the list, including hiring a statistician, and encourages viewers to like the video for more detailed explanations in other videos.

05:00
πŸ”’ Ranking Details and Degree Analysis

The video script details the ranking process for various bachelor's degrees, providing statistics such as early career pay, mid-career pay, salary score, demand score, and the number of bachelor graduates per year. Degrees like Actuarial Mathematics, Business Administration, and Nursing are discussed, with the creator sharing their opinions on the value and market demand for each degree, while also noting the potential for correlation versus causation in the statistics.

10:02
πŸ“š Exploration of Specific Degrees and Their Rankings

This section delves into the rankings of specific degrees, such as Psychology, Biology, Accounting, Liberal Arts, and Finance, among others. The creator discusses the market demand, versatility, and potential for each degree. Some degrees are considered overrated, while others are seen as having good prospects, depending on the viewer's career path and further education plans.

15:02
πŸš€ High-Potential Careers and Alternative Education

The final paragraph shifts focus to careers that do not necessarily require a college degree, highlighting digital marketing as a high-potential field. The creator mentions an interview with a 16-year-old who secured a well-paying job in the field without formal education. The paragraph promotes a free masterclass for those interested in digital marketing, suggesting alternative paths to success beyond traditional degree programs.

Mindmap
Keywords
πŸ’‘Bachelor's Degree Tier List
The 'Bachelor's Degree Tier List' is the central concept of the video, which categorizes various undergraduate degrees into different tiers based on their perceived value and outcomes. The tier list is used to rank degrees from 'S', the best, to 'F', the worst, and is a key tool for viewers considering higher education options.
πŸ’‘Actuarial Mathematics
Actuarial Mathematics is a specific field of study within the broader category of mathematics that involves the application of statistical methods to assess risk in insurance and finance. In the video, it is placed in a high tier, indicating that it is considered a valuable degree with good early and mid-career pay prospects.
πŸ’‘Business Administration
Business Administration is a common undergraduate major that covers various aspects of managing a business. The video suggests that while the degree has decent outcomes, the presenter questions whether these are due to the degree itself or other factors, placing it in the 'B' tier.
πŸ’‘STEM Degrees
STEM stands for Science, Technology, Engineering, and Mathematics, and these degrees are often perceived as highly valuable in the job market. However, the video challenges this notion, suggesting that not all STEM degrees are equally beneficial, with some being overrated.
πŸ’‘Correlation vs. Causation
The terms 'correlation' and 'causation' are used to discuss the relationship between a degree and its outcomes. Correlation implies a statistical association, while causation means a direct cause-effect relationship. The video suggests that some degrees may show good outcomes due to the abilities of the students who choose them, rather than the degrees themselves.
πŸ’‘Early Career Pay
Early Career Pay refers to the salary that a graduate can expect to earn shortly after entering the workforce. In the context of the video, it is one of the metrics used to rank the degrees, with higher early career pay indicating a more desirable degree.
πŸ’‘Demand Score
The 'Demand Score' is a measure of how sought-after a particular degree or skill set is in the job market. A higher demand score suggests that graduates with the degree are more likely to find employment, which is a factor in the tier ranking.
πŸ’‘Bachelor Grads Per Year
This term refers to the number of students graduating with a specific bachelor's degree each year. A high number of graduates per year could indicate a popular or widely available degree, which may impact its perceived value and the job market saturation.
πŸ’‘Liberal Arts
Liberal Arts is a broad field of study that includes humanities, social sciences, and sometimes natural sciences. The video places many liberal arts degrees in lower tiers, suggesting that they may not offer the same career prospects or pay as other fields.
πŸ’‘Engineering Degrees
Engineering degrees are professional degrees that prepare students for careers in various technical and problem-solving fields. The video ranks many engineering degrees, such as mechanical and electrical engineering, highly, indicating that they are seen as valuable and flexible qualifications.
πŸ’‘Alternative Education
Alternative Education refers to career paths or learning opportunities outside of traditional college degrees. The video mentions digital marketing as an example of a field where one can succeed without a formal degree, suggesting that practical skills and experience can be as valuable as academic qualifications.
Highlights

The video ranks the top 100 most common bachelor's degrees from S to F tier based on a comprehensive ranking system.

Actuarial mathematics is ranked highly with good early and mid-career pay and demand score.

Business administration is placed in B tier, suggesting decent outcomes but with a note on correlation versus causation.

Nursing is considered an S tier degree due to its overall value and demand for BSN graduates.

Psychology is a C tier degree, with the caveat that advanced degrees are often necessary for better outcomes.

Biology, despite being a popular STEM degree, is ranked in D tier due to its overrated status and large number of graduates.

Accounting is a solid A tier degree with flexibility and strong overall statistics.

Liberal arts and humanities are both ranked in F tier, indicating less favorable outcomes for these general degrees.

Finance is an A tier degree, similar to accounting, suitable for the right person and potentially S tier depending on the college.

Marketing is placed in A tier, though the presenter questions whether college education effectively teaches marketing skills.

Political Science and Government are ranked C and D tier, respectively, with Government having a less distinct role.

Mechanical engineering is an S tier degree for its flexibility and high graduate numbers.

Computer science is an S tier degree, no doubt due to its high demand and relevance in the tech industry.

Education degrees, including elementary education, are ranked C tier, with job security but limited overall appeal.

Criminal justice and related degrees are ranked C tier, with mixed feelings due to the varying requirements of related careers.

Chemistry is an A tier science degree, with good statistics and potential for various career paths.

General Studies is ranked in F tier, underlining its lack of specialization and appeal.

Supply Chain management is an underrated A tier degree, despite potential boredom for some.

Digital marketing as an alternative education path is ranked S Plus tier, highlighting its potential for high earnings without a degree.

Transcripts

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