Doctoral Degree Tier List (Doctorate Degrees Ranked!)
Channel: Shane Hummus
Date: 2020-08-05

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In this video we will rank doctoral degrees (Ph.D, professional doctorates etc) via a tier list from S tier (Really good) to F tier (Really bad)

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I get asked all the time about doctoral level degrees such as MD, Ph.D, Pharm.D etc and whether they're worth it...  Generally speaking, they usually aren't worth it.  The time it takes to get a doctorate, the risk, and the cost involved (actual cost and opportunity cost) usually aren't worth the payoff from a personal finance perspective.

This is why I've made videos talking about how I think MD/DO doctorate degrees are overrated etc.  As always, there are some exceptions to this for the right person and the right situation.  There are many reasons for this which I've gone over in other videos that range from the time it takes to get the degree (over 12 years on average for a Ph.D for instance) to the fact that the loans you have to take out have much higher interest rates than undergraduate loans.  

Some of the doctorate degrees/professional degrees/careers I'll be talking about in this video are: doctorate in psychology, doctorate in education, physician (medical doctor or doctor of osteopathic medicine), Orthodontist (DDS/DMD + residency), Pharm. D (pharmacist), College professor, Lawyer (Juris Doctor), Dentist (DDS), architect, teachers, physical therapist (Doctorate of physical therapy DPT), Veterinarian (Doctor of veterinary medicine DVM), PsyD degree, optometrist (doctor of optometry OD), acupuncturist/naturopath (Doctor of naturopathy ND or Doctor of naturopathic medicine NMD),and chiropractor degree (doctor of chiropractic DC degree)

KEEP IN MIND:  The Debt-To-Income (DTI) Ratios mentioned in this video are taken from an organization (studentloanplanner) that helps people get out of student loan debt.  Because of that, the figures shown are likely higher than average, as people with high amounts of debt are more likely to seek out a service like this.  So don't pay as much attention to how bad the DTI ratio is and pay more attention to which degrees have a higher ratio compared to each other.  

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 don't make buying or selling decisions based on Shane's 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)
https://collegescorecard.ed.gov/data/
https://www.studentloanplanner.com/worst-masters-degrees/