1. Engineering. While it's possibly not one of the most predictable entry placements on our list, engineering takes the top spot, yielding a greater number of millionaires than any other degree subject, according to Spear's and WealthInsight.
Majors That Make The Most Millionaires
- Engineering. Engineering is a broad field with many sub-fields that can make their graduates incredibly successful and wealthy if they know how to use their assets. ...
- Biochemistry. ...
- Law. ...
- Finance. ...
- Computer Science. ...
- Marketing. ...
- MBA (Master of Business Administration)
Many of the world's billionaires get both a bachelor's and MBA before achieving their success. The common major is engineering or business administration. Becoming a billionaire takes hard work and dedication.
Eighty-eight percent of millionaires graduated from college, compared to 38% of the general population. And over half (52%) of the millionaires in the study earned a master's or doctoral degree, compared to 13% of the general population.
Researches at WealthInsight analyzed data on over 100,000 high net worth individuals (HNWIs) - those with assets of $1 million or more, excluding their primary home - to come up with the list of most popular degree courses. Vocational subjects produced the most millionaires, and the more academic subjects the least.
Most CEOs also have a master's degree in business administration, economics, management, or another related degree.
The Amazon and Blue Origin founder graduated from Princeton University in 1986 with a bachelor's in electrical engineering and computer science. The rest is history. The Amazon and Blue Origin founder graduated from Princeton University in 1986 with a bachelor's in electrical engineering and computer science.
The finance and investment profession has the most millionaires. In fact, it also has the most billionaires: 371, to be precise.
He studied psychology and computer science and belonged to Alpha Epsilon Pi and Kirkland House. In his sophomore year, he wrote a program that he called CourseMatch, which allowed users to make class selection decisions based on the choices of other students and also to help them form study groups.
He is a fan of Pittsburgh's "beloved" NFL team, the Pittsburgh Steelers. After one year at the University of Pittsburgh, Cuban transferred to Indiana University in Bloomington, Indiana, where he graduated from the Kelley School of Business in 1981 with a Bachelor of Science degree in management.
Thus, the three most prevalent undergraduate majors among these CEOs are Economics, Engineering and Business Administration. See Table 1 for the distribution of majors of all the S&P 500 CEOs.
Of the 100 CEOs on the list, only 29 have MBAs, according to the study's author, Adi Ignatius, HBR's editor-in-chief. If you're a fan of the degree, that's the bad news. The good news is that six of the 10 top CEOs do have MBAs: No. 2 John Martin of Gilead Science, No.
But according to the results of our study, college degrees lead to greater net worth, despite the debt that often comes with them. We found that under-35 college graduates have a higher median net worth than high school graduates or those with some college education.