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Scientists are facing layoffs – but STEM skills are more valuable than ever

Tired, stress and scientist black man with a fail research in a lab or laboratory frustrated and sad feeling overworked. Exhausted, burnout and tired technician suffering with a headache and fatigue

Recent headlines about job cuts in science might make you wonder whether studying science is still a smart move. The short answer? Absolutely. 

Here’s why science continues to open doors to future-proof careers.

1. Science skills are in demand

Science skills aren’t just for labs. They’re booming across health, tech, finance, environment, energy and more. 

The World Economic Forum’s Future of Jobs Report 2023 lists analytical thinking, scientific literacy and data skills among the world’s most in-demand capabilities – exactly what a science degree delivers.

In fact, 89% of science graduates are in full-time paid work within three years, according to the Graduate Outcomes Survey. 

That’s strong evidence that studying science leads to real, rewarding careers.

2. Prepare for jobs that don’t exist yet

Yes, some traditional science roles are facing cuts. But new science-powered fields are expanding fast – climate tech, clean energy, medical technology, synthetic biology and quantum computing, to name a few. Today’s science students are training for jobs that didn’t even exist a decade ago.

3. Science solves global challenges

Keen to make an impact? Climate change, pandemics, food security, clean water – these challenges demand science-literate problem solvers. 

Programs like Monash University’s Bachelor of Science Advanced – Global Challenges and Curtin University’s Bachelor of Multidisciplinary Science prepare students to apply science in business, government and community contexts. 

Science graduates can apply their skills – such as data analytics and systems thinking – to shape policy, drive innovation and tackle sustainability head-on. It’s a chance to make a real difference in the world.

4. Australia’s future depends on it

Science isn’t just important – it’s a major economic engine. It’s vital to fuel Australia’s future prosperity.

Independent analysis shows that every $1 invested in CSIRO – our national science agency – returns $8.80 to the economy. 

Plus, advanced physical and mathematical sciences contribute 11% of Australia’s GDP directly and 22% with flow-on effects, according to the Office of the Chief Scientist and the Australian Academy of Science.

Time to study science and get in on the economic action!

The takeaway?

Yes, some scientists are losing jobs. Yes, funding is tight. And yes, AI is changing how research works.

But studying science remains one of the most powerful pathways to meaningful, adaptable and future-focused careers. So get to it!

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