Overrated Career: Clinical Psychologist

The Appeal: You'll work one-on-one with clients in a private, peaceful setting, helping them conquer their inner demons.

The Reality: Research is revealing that many psychological problems have physiological roots, taking some of the luster off traditional psychotherapy. Some psychologists end up questioning their own value. Also, people are turning toward short-term cognitive therapists or personal coaches, who focus less on analyzing your childhood and more on developing pragmatic, step-by-step plans for solving problems, moving forward, and reaching goals.

Alternative: Personal coach. There are many specialties, such as executive, life, careers, shyness, dating, money, retirement, and parenting. Bonus: Training is much shorter.