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Interesting that the unemployment rate for Actuarials is 0.0%, while Clinical Psychology suffers the highest unemployment at 19.5%
Also interesting is the fact that out of these hundreds of job categories most of them have a pay rate of between $40,000 to $60,000 a year. Very modest wages considering the price of housing in the US.
Most of the majors listed have a whole lot of variability in translation to employment...
When it comes to being a Psych major as an undergrad the additional education needed to get a professional level job directly related to psychology undoubtedly makes for the poor showing -- how many Psych majors are working at Starbuck's or Best Buy???
Even when you look the "winner" type majors there is HUGE cyclical factor involved -- when exploration goes down and the hiring tightens up LOTS of PetEng grads look to the financial markets where the firms that trade petroleum are much more likely to pay for those skills AND the compensation for a top flight petroleum analyst at a trading firm / investment bank is WAY higher than any oil exploration / production firm would pay. Of course you also have to be suited to wearing wing tips vs Red Wings, so the path is generally more from the Stanford type Engineering schools than the Texas A&M...
When it comes to being a Psych major as an undergrad the additional education needed to get a professional level job directly related to psychology undoubtedly makes for the poor showing -- how many Psych majors are working at Starbuck's or Best Buy???
Even when you look the "winner" type majors there is HUGE cyclical factor involved -- when exploration goes down and the hiring tightens up LOTS of PetEng grads look to the financial markets where the firms that trade petroleum are much more likely to pay for those skills AND the compensation for a top flight petroleum analyst at a trading firm / investment bank is WAY higher than any oil exploration / production firm would pay. Of course you also have to be suited to wearing wing tips vs Red Wings, so the path is generally more from the Stanford type Engineering schools than the Texas A&M...
I'm a little interested in petroleum finance myself... what is the typical compensation range for this?
For folks with the right mix of education / experience / presentation skills the compensation is VERY good. If you go to the right kind of school and take the right kind of courses and do the right kind of an internship you can pretty much be assured that you will be able to pay of any student loans VERY quickly when the median earnings for even the 25% quartile are over $80k. The top rank factors in LOTS of people that are working on the financial side of the oil business as well as the fact that folks with the skills to analyze things in the field tend to demand a pretty high premium for working in conditions that can be kinda harsh. For every dozen or so PetEngineers sitting at a high powered workstation there has to be at least one guy actually supervising data acquisition devices out in the wastelands / ocean beds for at least some of the year...
The folks that go NiemannMarcus and drop tens of thousands of dollars on jewelry and party dresses for their girlfriends / spouses are being compensated based on the fact that some of these jobs are in awfully inhospitable places...
Quote:
Originally Posted by cyclone8570
I'm a little interested in petroleum finance myself... what is the typical compensation range for this?
The folks that go NiemannMarcus and drop tens of thousands of dollars on jewelry and party dresses for their girlfriends / spouses are being compensated based on the fact that some of these jobs are in awfully inhospitable places...
I guess the really smart ones in this scenario would be the girlfriends/spouses.
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Most of the majors listed have a whole lot of variability in translation to employment...
