Wasn't sure which forum was best to post this in so I'm landing it here.
I thought this was a pretty interesting article....I’m sure the school ratings/rankings have some kind of flaw (as all of them do), but I thought it was very interesting that they found engineering to be the #1 most common major among millionaires.
Any thoughts/comments?
http://www.timeshighereducation.co.uk/news/worlds-top-100-universities-…
"Engineering degrees produce the most millionaires, the research finds, while MBAs, law, accounting, and finance also lead to financial success. To compile the list, WealthInsight went through a database of 70,000 dollar millionaires in more than 200 countries."
“You would expect to see a high number of scientific or financial degrees in the top 10, like engineering, commerce and accounting,” said WealthInsight analyst Oliver Williams. “But, interestingly, few of these degrees turn out to be outright vocational; most engineering graduates, for example, are not engineers but entrepreneurs. The same goes for most law and politics graduates, who owe their fortunes not to practising their professions but climbing the ranks of the financial services sector.”
Top 10 most popular degrees for millionaires
Rank Subject
1 Engineering
2 MBA
3 Law
4 Economics
5 (Bachelor’s) Business administration (BBA)
6 Commerce
7 Accounting
8 Computer science
9 Finance
10 Politics
What was the methodology? I couldn't find it.
I would expect the largest schools, like Ohio State or Texas, to produce the largest number of millionaires. But, that doesn't really yield anything insightful as you would expect more people to have more millionaires in the population. The only thing anyone should care about (if they care at all) would be the proportion of wealthy graduates, ideally, controlling for other factors.
I agree with Big Mr. Dick over here. Chow didn't have fortune or make fuck with the right people to go to Harvard. But after turn into international criminal Chow making mad stacks now >:)
It's surprising that Princeton is so far down the list compared to Harvard which is number one.
what's the point of separating the business school from the rest of the school?
mit is 7, but mit sloan is 98
What is the point of this ranking or as Dick Fuld says what is the methodology? I can't imagine they called all the alumni from all the schools or looked at their tax returns.
How cool! I'm gonna drop outta business school and re-start in an engineering program in the fall.
Too late bro. Should've done engineering undergrad.
The problem with a lot of these European publications is that they dont have the best methodologies. How can they compare a school with 5000 students at a given time with one with 50,000! Should be millionaires as a percentage of total alums. And as someone said, why separate b school from the parent university! And i would like to know how they determined wealth of alums. Grain of salt.
It also appears that they aggregated the University of Californias, California State Universities, and other school systems.
Another flawed ranking....in some schools people join already as millionaires (EMBA programs, children of corrupted gov-t officials etc)..
Oh for fuck's sake who fucking cares which university produces the most millionaires?! The media is constantly inventing these pseudo-scientific headlines to appeal to sell web-adverts because everyone just wants to get rich without having to do any hard work. It's as if you can just consciously steer your entire life down a path of least resistance to avoid getting sick, lose weight, get rich, fuck bitches, grow a bigger cock etc etc..
Here's some hard fucking truth. Your alumnus has absolutely nothing to do with whether or not you will become a millionaire. Statistics 101: correlation does not imply causation. There are so many factors at play it beggars belief anyone could actually believe this is an exercise worthy of anyones attention. Next study will be predicting your life expectancy based on your GMAT.
HBS or bust
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