Richmond Dinh warns that universities chase enrollment over job market reality, leaving graduates with massive debt and no positions. Australian optometry went from 100 graduates yearly to 1,000, crushing salaries. Check if your field actually needs people before spending hundreds of thousands.
Chapters
You pay a couple of hundred thousand for a 5-year degree only to realize that there's no jobs out there because all they're concerned about is how much people they put through university and not about demand and supply of society. There's no job guarantee. No, there isn't. And it's hard now with optometry because when I graduated, there was only 3 universities in Australia pumped out optometrists to a 20 million population. And so there's about 100 graduating per year for the whole population, which is a good number. See, got paid a lot. But now it's like 8x. It's like fucking me up. There's about 7 unis, they're plumbing out 150 each, almost 1,000 optometrists per year now. And so you think about that, Australia doesn't need an extra 1,000 optometrists per year. So if you're thinking about going to college for something like that, well, just be careful.