In reality, tech and engineering have better job prospects than math and science. Possibly the easiest way to think about STEM is to push aside the grouping altogether and think about each major individually. Even if you pass all your classes, you might have a lower GPA than if you got an easier major, and employers will notice. This happens because you can never be sure what your limits in math are until you reach them. There is a real risk that you might sign up for the major, only to later learn that you can’t make it through the courses. It is already difficult for science majors to find jobs in their area of science, especially for those who go on to get masters and PhDs. Are there STEM Downsides?Īs word of the demand for STEM majors spreads, the supply increases, and that will lead to overcrowding. That ties into another big field for STEM: health care, where research-hungry pharma companies are eager to snatch up math and computer-savvy grads. Most of these jobs require at least a little stats, but probability and statistics is a standard course sequence in math departments. Aside from the frequent finance opportunities, there is also a set of different jobs like actuary and statistician. Engineering grads work in companies that need their specialization. Tech works the same way: lots of opportunities in Silicon Valley with the banks in NYC waiting in the background for any prospect who decides to go for the money. Science grads can look for jobs in their type of science, but finance is happy to hire science majors with math skills to help them value transactions and model assets. STEM jobs, outside of academia, vary based on your field. These sometimes draw on math but more commonly require skills like networking, negotiation, communication, and prediction. In general, the business-oriented majors like marketing and accounting can be useful for job placement depending on exactly where you go to school. These demand a knack for details and coordination. There is also a growing need for international and globally-oriented jobs, like supply chain logistics. Management Consulting uses more people skills and also pays well, although it is just as competitive as finance- which is to say quite competitive. Many finance employers are looking for STEM-style skills, so you can use a STEM degree to get your foot in the door. However, it is important to note that while economics as a field tends to pay highly and hire many people, you do not necessarily need an economics degree to get a job there. In the undergrad degree market, finance tends to provide the best economic opportunity. You should only choose this path if you truly enjoy research work in your field. There are many doctoral researchers in each leg of STEM, but they have chosen to sacrifice some salary to continue doing research. Graduate degrees have very different job markets, and part of that is because the academic world tends to pay less than the business world. Regarding other majors that have high job market prospects, it’s important to draw a line between the undergrad degree alone and grad school. Even if you do not stay within STEM for your job, the degree can still benefit you. That is a good sign for employers because it shows that you are capable of both the hard work and the deep thinking that are necessary to succeed in STEM classes. That means STEM grads tend to have many potential choices due to how many employers value math and programming ability.Īlso, STEM coursework tends to be intellectually challenging. Quantitative skills are in high demand across many domains of business as well as in their own right. STEM has the reputation of being an excellent set of choices for the job-market benefits. There are various fields of math and statistics with varying applicability to real-world problems. Technology includes both computing theory and hands-on programming work across different classes and majors. For example, each branch of engineering has its job market, knowledge, and skill set. There are multiple sections within each of the pillars of STEM. Coming out of a STEM degree, you should have a very solid understanding of practical math and computing, which opens up doors in many high-paying fields. More generally, it is a grouping of majors that have a heavy emphasis on quantitative skills and programming experience. STEM stands for Science, Technology, Engineering, Math.
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