2. Choice 1: Chemical
Engineering
Career/Degree: Chemical Engineering
Where (College): Stanford University
Time: 4 years
Cost: $42,225 Annual Tuition and Fees
($168,900 for 4 years)
http://www.braintrack.com/
3. Chemical Engineering:
Earnings
I would earn many job opportunities
through this college degree.
The average salary for a chemical
engineer in the U.S. is $102,270.
There are, of course, other jobs I could go
into in this career.
http://engineer-salary.com/chemical-engineer-salary.html
4. Choice 1: Lifestyle Opportunity
Cost
I would give up many other possible
careers I could pursue using Math and
Science.
I would also give up the possibility of
joining the military.
A higher salary or pay could be possible in
other careers.
5. Choice 2: Biomedical
Engineering
Career/Degree: Biomedical Engineering
Where: Duke University
Time: 4 years
Cost: $42,623 Annual Tuition and Fees
($170, 492 for 4 years)
http://www.braintrack.com/
6. Biomedical Engineering:
Earnings
Through this college degree, I will have
opportunities in many different jobs.
The average salary for a biomedical
engineer in the U.S. is $91,200.
http://engineer-salary.com/biomedical-engineer-salary.html
7. Choice 2: Lifestyle Opportunity
Cost
I would give up an opportunity to pursue
chemical engineering or some other
career/degree that I wanted to do.
I would give up the option of going straight
out of high school to the Military.
I would give up a higher salary in another
career.
8. Overall Opportunity Cost:
If I pursued biomedical engineering, I
would be giving up a higher salary if I
were to go into chemical engineering.
It would also cost more to go to that
college for biomedical engineering than
it would cost for me to go for chemical
engineering.
I also think I would enjoy chemical
engineering more.
9. Overall Opportunity Cost:
If I were to pursue chemical engineering
instead of biomedical engineering, I
would give up being closer to my family
and being able to go home possibly for
holidays during college.
If I went into chemical engineering, I’d
miss out on a pretty high salary, but not
as high as this one.
10. Overall Opportunity Cost:
If I became a chemical engineer, I would
have a higher salary, it would cost less
for college, and would enjoy it, but I
would be further from home at college.
If I became a biomedical engineer I would
be closer to home, but would not be paid
as much, wouldn’t enjoy it as much, and
would pay more for college.